GoldenCare Newsletter | November 7, 2016 Edition

In this GoldenCare Newsletter Edition From GoldenCare: In case you missed it:  we have kicked off training on Minnesota Life/Securian’s CareShield and demonstrations on their E-App and Software.    This new product provides both a simplified option for guaranteed premium life insurance protection and a solution for your clients’ future care needs. Also, take advantage of the launch promo and earn: A $300 Visa® gift card for 2 paid CareShield applications, OR A $500 Visa® gift card for 3 paid CareShield applications We have added CareShield to our 3-in-1 Promotion!  Get your apps in cash and a chance at the big
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Categories: Genworth, GoldenCare News, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

“Aging alone: If you’re a single, childless senior who has your back?,” by Michelle Singletary, Washington Post

“There are some useful tips in Painter’s report. Check them out.  Because many people think their long-term care plan is just having money or a long-term care insurance policy. But who will manage getting the benefits under the insurance plan if you can’t? Who do you trust to help with your finances? Who will oversee both your money and care if you’re incapacitated?” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Does LTCI have your six? Aging alone: If you’re a single, childless senior who has your back? #goldencareagent
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Categories: Industry News and Long-Term Care.

“CNO and CNA open blinds on LTCI performance,” by Allison Bell, LifeHealthPRO

“One insurer with an active long-term care insurance unit and one with a large closed block of long-term care insurance business have given a little information about their operations in recent earnings reports.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Some interesting tidbits. CNO and CNA open blinds on LTCI performance #goldencareagent
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Categories: Industry News and Long-Term Care.

“Majority of Consumers Nearing or in Retirement Have Not Planned for Long-Term Care,” Advisor Magazine

“The Lincoln study surveyed 500 people between the ages of 40-70, and found that of those with a financial advisor, only 45 percent have discussed long-term care with their advisor, and only few were aware of the wide range of solutions available to help address the potential financial impact of long-term care.  …  For additional findings from Lincoln’s “2016 Long-Term Awareness Study,” please view this presentation at Lincoln’s website.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Not exactly news, but further evidence of financial advisors’ remissness regarding LTC risk and cost. Majority of Consumers Nearing
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Categories: Industry News and Long-Term Care.

“China Oceanwide may regret throwing Genworth a lifeline,” by Nisha Gopalan, LifeHealthPRO

“Struggling with ultra-low interest rates that have hammered investment income, Genworth Financial, one of America’s top sellers of long-term care cover, needs the cash. And China Oceanwide seems happy to fork out $2.7 billion. However the investment firm, whose U.S. forays have so far been largely focused on real estate, may come to regret it.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Another perspective. China Oceanwide may regret throwing Genworth a lifeline #goldencareagent
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Categories: Genworth, Industry News, and Long-Term Care.

“Genworth’s would-be buyer helped build modern China,” by Allison Bell, LifeHealthPRO

“Lu Zhiqiang, the head of the Beijing-based company that has agreed to pay cash for Genworth Financial, has had decades of experience with complicated projects that involve delicate negotiations with government officials.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Offers background on the man and his company. Genworth’s would-be buyer helped build modern China #goldencareagent
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Categories: Genworth, Industry News, and Long-Term Care.

Holiday Telephone Solicitation Bans for November 2016

Please be aware of the following holidays requiring a U.S. holiday telephone solicitation ban for the month of November. On Tuesday, November 1, 2016: Louisiana prohibits unsolicited marketing calls to residents in observance of All Saints’ Day On Tuesday, November 8, 2016: Louisiana and Rhode Island prohibit unsolicited marketing calls to residents in observance of Election Day On Friday, November 11, 2016: Alabama, Louisiana, Mississippi, Rhode Island, and Utah prohibit unsolicited marketing calls to residents in observance of Veterans Day On Thursday, November 24, 2016: Alabama, Louisiana, Mississippi, Rhode Islan,d and Utah prohibit unsolicited marketing calls to residents in observance
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Categories: Industry News and Mutual of Omaha (& Affiliates).

“Genworth Deal: No Relief for Agents, Policyholders,” by Cyril Tuohy, InsuranceNewsNet

“If investors breathed a sigh of relief over this weekend’s announcement that Genworth had sold itself to a Chinese real estate and financial services concern, there was no such relief among insurance agents.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): More details and comments on the Genworth sale. Genworth Deal: No Relief for Agents, Policyholders #goldencareagent
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Categories: Genworth, Industry News, and Long-Term Care.

GoldenCare Newsletter | October 24, 2016 Edition

In this GoldenCare Newsletter Edition From GoldenCare:  Our November training schedule is up!   Brush up on your skills or learn a new product. In case you missed it:  we have kicked off training on Minnesota Life/Securian’s CareShield.    This new product provides both a simplified option for guaranteed premium life insurance protection and a solution for your clients’ future care needs. Also, take advantage of the launch promo and earn: A $300 Visa® gift card for 2 paid CareShield applications, OR A $500 Visa® gift card for 3 paid CareShield applications Happy selling! Don’t miss our Guest Article “Long-term care insurance
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Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, Life Insurance, Long-Term Care, and Mutual of Omaha (& Affiliates).

“China Oceanwide to Buy Genworth Financial for $2.7 Billion,” by Geoffrey Rogow, Wall Street Journal

“Chinese investment firm China Oceanwide Holdings 0715 1.30 % Group Co. said it agreed to buy U.S.-based insurer Genworth Financial Inc. GNW 0.97 % for about $2.7 billion.  China Oceanwide has been pouring hundreds of millions of dollars into U.S. commercial and residential property in the past two years. The privately held firm which is based in Beijing, was founded by Lu Zhiqiang. China Oceanwide will pay $5.43 a share in cash for shares of Genworth, which closed trading on Friday at $5.21.  …  The transaction, which has been approved by both companies’ boards, is expected to close by the
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Categories: Genworth, Industry News, and Long-Term Care.