“Genworth and Oceanwide Extend Merger Agreement”

“Genworth and Oceanwide Extend Merger Agreement,” Cision PRNewswire   Quote: “Genworth Financial, Inc. (NYSE: GNW) and China Oceanwide Holdings Group Co. Ltd (Oceanwide) today announced they have agreed to a 13th waiver and agreement of each party’s right to terminate the previously announced merger agreement. The 13th waiver and agreement extends the previous deadline of December 31, 2019 to no later than March 31, 2020.”   LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Wishing Genworth Happy Holidays and a quick close.
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Categories: Clippings, Industry News, and Long-Term Care.

Additional suitability & training requirements for life insurance sales in New York

Important information for financial professionals currently selling, or intending to sell, life insurance to New York residents Amended New York Regulation 187: Additional suitability and training requirements for life insurance sales in New York The amended version of New York (NY) Regulation 187 (Reg. 187) will become effective on February 1, 2020, for life insurance sales. Reg. 187 adopts a best interest standard for annuity and life insurance transactions in NY. Annuity recommendations have been required to comply with the Regulation since August 1, 2019. Securian Financial’s goal is to effectively support your business with us, while also ensuring that
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Categories: Industry News, Life Insurance, and Securian.

Happy Holidays from United Security Assurance

We are truly grateful for for the many relationships we’ve built over the years, with the hard working producers we serve everyday. Wishing you a season of joy and look forward to our continued success in 2020.   The Management and Staff of United Security Assurance   #goldencareagent #unitedsecurity
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Categories: Industry News, Long-Term Care, and United Security.

Holiday Telephone Solicitation bans for the month of January 2020

Please be aware of the following holiday telephone solicitation bans for the month of January. On Wednesday, January 1, 2020: Alabama, Louisiana, Mississippi, Pennsylvania, Rhode Island, and Utah prohibit unsolicited marketing calls to residents in observance of the New Year’s holiday On Wednesday, January 8, 2020: Louisiana prohibits unsolicited marketing calls to residents in observance of the Battle of New Orleans On Monday, January 13, 2020: Louisiana prohibits unsolicited marketing calls to residents in observance of Inauguration Day On Sunday January 19, 2020: Louisiana prohibits unsolicited marketing calls to residents in observance of Robert E. Lee Day On Monday, January
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Categories: Industry News and Mutual of Omaha (& Affiliates).

Critical Advantage Products Get Your Client’s Cash When They Need it the Most

Many of today’s health insurance plans come with a high deductible. If you have clients with these plans, the products in the Critical Advantage Portfolio can help. Critical Illness, Cancer and Heart Attack/Stroke policies all offer a lump-sum cash payment upon diagnosed of a covered condition. The payment can be used to cover your client’s high deductible, or any out-of-pocket expense they may have. Plus, the policies have no elimination period, so your clients get paid right away. See other tips on selling the products in the Critical Advantage Portfolio here.   If you have any questions, please contact your
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).

Medicare News – Omaha Family of Companies

Medicare Supplement: Save Yourself a Phone Call Some tips to find answers to your underwriting questions that can save you a phone call.   High Deductible Plan F The High Deductible Plan F will no longer be available for new business sales in AL, GA, MA, MT, OH, TN, TX, VA and WY effective 1/1/20.   2020 Q1 Broker Bonus Program See details regarding the 1st quarter Broker Bonus Program starting January 1, 2020.   Medicare Advantage and Prescription Drug Plans: MA and PDP- Bits and Pieces With AEP over here are a few bits of information you should know
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Rate Adjustments Effective March 1, 2020

Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha, and we intend to remain a key player in this market for years to come. To fulfill this commitment, we actively monitor emerging industry trends and make any adjustments necessary that enable us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective March 1, 2020: Block of Business Impacted States NHA, LTA, HCA, LT50, NH50 Illinois   For a complete rate history, see the state approval grid on Sales Professional Access. Policyholder Notification
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Upcoming Life Rate and Product Changes Effective January 1, 2020

Effective January 1, 2020, we will be: Increasing the cap on our 100% Participation Rate Strategy for Life Protection Advantage IUL Decreasing our crediting rate on AccumUL Answers Repricing our AccumUL Answers product Life Protection Advantage IUL Cap Increase: The cap for the 100% Participation Strategy on Life Protection Advantage IUL will increase from 9% to 10%. This rate change will apply to newly issued policies, as well as to any in force policies with a segment that is created (with new premium dollars) or renews on January 10, 2020. With the sweep feature, all money received in the home
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Rate Adjustments Effective April 1, 2020

Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha, and we intend to remain a key player in this market for years to come. To fulfill this commitment, we actively monitor emerging industry trends and make any adjustments necessary that enable us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective April 1, 2020: Block of Business Impacted States LTC04G, LTC04I and LTC06UI Maine   For a complete rate history, see the state approval grid on Sales Professional Access. Policyholder Notification Process
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Living Promise e-App Now Has Bank Validation

When you enter your client’s payment information you want to ensure everything is correct. With bank validation, your client’s bank routing and account numbers will be verified to ensure they are a match. If they aren’t you’ll receive an error message so you can correct the payment information on the spot. Just one more great reason to use our Living Promise e-App. If you have any additional questions, please contact your Mutual of Omaha Life Sale Director or Account Executive.   Living Promise e-App Now Has Bank Validation   #goldencareagent #mutualofomaha
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).