“We need comprehensive long-term care reform, and we need it now,” by Norma Coe, The Hill Quote: “No doubt, passing Biden’s plan would make material improvements in many people’s lives. However, it does not challenge the premise that, in this country, long-term care provision and financing will remain primarily a family responsibility, especially for the middle class. It is time to question this principle.” LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: So, it’s not enough that I take care of myself and my family; I have to take care of you and yours as
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“NAIFA-ND Activates Grassroots to Counter LTC Proposal”
“NAIFA-ND Activates Grassroots to Counter LTC Proposal,” by Julie Harrison, NAIFA Quote: “North Dakota lawmakers are considering a bill that would impose a three-year ban on the sale of long-term care insurance policies. The bill, SB 2253, has four sponsors seeking to use the three-year moratorium to study the market and premium increases. Members of NAIFA-ND have responded to the bill by personally reaching out to their elected lawmakers to express their grave concerns.” LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Now that’s a brilliant move. Maybe while they’re at it they should make
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“Here’s a New COVID-19 Nightmare, for You”
“Here’s a New COVID-19 Nightmare, for You,” by Allison Bell, ThinkAdvisor Quote: “COVID-19 could make the Americans who have the toughest time saving for retirement even less likely to save, and even less like to use the retirement savings they have to buy annuities. Three economists have reported on research supporting this conclusion in a new working paper published on the National Bureau of Economic Research website.” LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: I’m from the government and I’m here to help you. First I told you not to worry about saving for retirement, old age
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“COVID-19 and Long-Term Care: LTCI Insider”
“COVID-19 and Long-Term Care: LTCI Insider,” by Margie Barrie, ThinkAdvisor Quote: “I just completed a white paper that addresses the impact of COVID-19 on the long-term care continuum. To obtain this information, I surveyed numerous top people in the long-term care industry — people who have insider information. This article is an overview of what they shared.” LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: This is the “white paper” I referenced and recommended in two agent webinars in early January. Strongly recommended. Well done, Margie.
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Long-Term Care Virtual Assessments
From the Desk of Allen Gregoire Throughout the pandemic, Mutual of Omaha has been evaluating our underwriting and new business practices in efforts to support business continuity, deliver a high level of service and maintain our financial strength. As a result, your LTC Underwriting team is temporarily completing virtual assessments for applicants age 65 and over with favorable medical records. Virtual assessment qualification parameters will be based on underwriter discretion. Minimum requirements for consideration: Applicants age 65 and over with favorable medical records. * Applicants with any blood pressure, build and mobility concerns will not qualify for a virtual assessment.
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Video Interview with Chief LTC Underwriter Carol Carville
Meet Carol Carol has worked in group medical, life, disability and now long-term care, so her perspective is unique and varied. In the video, she talks about common application mistakes and why the relationships she has with producers in the field is so important to her and our business. Don’t miss it! Video Interview with Chief LTC Underwriter Carol Carville #goldencareagent #mutualofomaha
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LTCi Application Tips
Painting a picture is the best way to ensure your cases are issued quicker When underwriting your LTCi cases, Mutual of Omaha looks at the total picture, including your client’s health, cognitive status and lifestyle. So, the better job you do painting a picture of your client’s situation, the faster the underwriting process will go. Mutual of Omaha knows your LTCi clients are more than a list of diagnoses. Even people with chronic health conditions can be viewed favorably as long as they’re physically and socially active and working with a physician to manage their health. But underwriting has to
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IUL Max Illustrated Rate Change
Effective February 1, 2021, the IUL maximum illustrated rates in WinFlex Web will increase as follows: Income Advantage IUL: 100% Participation Rate with 10% Cap: Increasing from 6.17% to 6.20% 140% Participation Rate with 7% Cap: Increasing from 4.74% to 4.77% 50% Participation Rate with No Cap: Increasing from 5.80% to 5.84% Life Protection Advantage IUL: 100% Participation Rate with 8.5% Cap: Increasing from 5.42% to 5.45% 140% Participation Rate with 6% Cap: Increasing from 4.11% to 4.14% 40% Participation Rate with No Cap: Increasing from 4.66% to 4.69% IUL Express: 100% Participation Rate with 9.25% Cap: Increasing from 5.80%
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Good News | A.M. Best Affirms Mutual of Omaha’s Financial Rating
Good News! A.M. Best Affirms Mutual of Omaha’s Financial Rating A.M. Best performed their annual rating committee review on Mutual of Omaha and affirmed our financial strength rating of A+ (Superior) with a stable ratings outlook. Mutual of Omaha has experienced favorable capital growth, with a notable increase in 2020 as a result of closing on its sale of Mutual of Omaha Bank, reinsurance transactions and strong operating performance, which have all helped increase its risk-adjusted capital levels. The organization is a large and well-established insurer. Mutual of Omaha’s suite of products, distribution network and partnerships continue to expand and
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“An afternoon nap could improve your cognitive abilities, study says’”
“An afternoon nap could improve your cognitive abilities, study says,” by Megan Marples, CNN Quote: “Taking an afternoon snooze could keep your brain sharp, a new study has said. Adults ages 60 and older who took afternoon naps showed signs of better mental agility compared to those who didn’t nap, according to a study published in General Psychiatry earlier this week.” LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Naps are refreshing? Who knew?
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