Critical Advantage: Term to Lifetime Conversion

Clients want options. Fortunately, the Critical Advantage portfolio gives your clients the option to convert from term to lifetime coverage. After the third year and through the 10th policy year, your clients can change their term policy to a lifetime policy without underwriting. This option is standard on all term policies, and there is no charge for converting (there may be a rate increase based on age). This gives your clients control of their policy in case their needs should ever change after purchase. To learn more about the benefits included in the Critical Advantage portfolio, click here. Critical Advantage:
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).

Rate Adjustments Effective September 1 – NJ

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. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow 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 September 1, 2017: Block of Business Impacted States LTC06UI New Jersey     For a complete rate history, see the
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

(Legacy) Rate Adjustments Effective September 1 – IA, KS, LA, NV & NJ

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. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow 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 September 1, 2017: Block of Business Impacted States NHA, LTA, HCA, LT50, NH50 Iowa, Kansas, Louisiana, Nevada, New Jersey  
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

GTL E-App Refresh!

GTL’s e-App has gotten a Facelift! In our continued effort to offer the best user experience, we launched some big changes to our e-App to help you access apps and supplies faster and easier. Our Agent Portal will also reflect these changes soon. To see these great new changes, please update the e-App from the App Store or Google Play for your Apple or Android devices. Login screen updated for easier usability and registration. Home screen reorgantized for easier navigation. Contact GTL’s Sales Support with any questions at 1-800-323-6907 or agency@gtlic.com. GTL E-App Refresh!   #goldencareagent #GTL
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Categories: Critical Illness, Guarantee Trust Life, Hospital Indemnity Plan, Industry News, Medicare Supp./Adv., and Short-Term Care.

“Tech Revolution Benefits the Aging”

“Tech Revolution Benefits the Aging,” by Sally Abrahms, Kiplinger “Imagine your frail father dons a virtual reality headset so he can ‘attend’ his grandson’s graduation and feel as if he’s really there. Or your mom, forgetful about her medicine, swallows a teensy sensor encased in medication that will relay the time she took the pill and the dosage to her smartphone. Perhaps your mother-in-law has dementia, which makes her agitated. A small robot she holds that acts like a cat, including purring, calms her instantly. Afraid she’ll wander? Your phone can alert you if she does.” LTC Comment (from Stephen
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Categories: Industry News and Long-Term Care.

“Will robots be taking care of us in our old age?”

“Will robots be taking care of us in our old age?,” by Denise Logeland, Next Avenue “Expect a caregiving environment rich in technology in the not-so-distant future. But along with that, there’ll be an emphasis on human connection to counter the devastating health effects of social isolation on older people.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): What to expect in caregiving innovation within five years, ten years, and in the “Jetsons” future. Will robots be taking care of us in our old age? #goldencareagent
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Categories: Industry News and Long-Term Care.

“Long-Term Care Insurers Steering Through Tough Times”

“Long-Term Care Insurers Steering Through Tough Times,” by Eleanor Laise, Kiplinger “Most consumers shopping for long-term care insurance worry about whether they’re healthy enough to qualify for coverage—and whether they can afford it. But the recent failure of two long-term-care insurers highlights a third concern: Will the insurer still be around when you make a claim, perhaps 20 or 30 years down the road?” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Usually quite positive about LTCI, Kiplinger takes a more negative tack in this article. Long-Term Care Insurers Steering Through Tough Times #goldencareagent #kiplinger
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Categories: Industry News and Long-Term Care.

“New Report Probes Hospital Patients’ Refusal of Home Care Services and the Impact on Readmissions and Outcomes”

“New Report Probes Hospital Patients’ Refusal of Home Care Services and the Impact on Readmissions and Outcomes,” United Hospital Fund “United Hospital Fund (UHF) and the Alliance for Home Health Quality and Innovation (the Alliance) today released a report titled, ‘I Can Take Care of Myself!’: Patients’ Refusals of Home Health Care Services, on the under-examined issue of patients who refuse home health care services when they are discharged from inpatient care. Such refusals can lead to higher rates of readmission to the hospital and a lower quality of life.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term
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Categories: Industry News and Long-Term Care.

“Caveats for Use of Long Term Care Experience Basic Tables”

“Caveats for Use of Long Term Care Experience Basic Tables,” Society of Actuaries “This memorandum is a supplement to the Long Term Care Experience Basic Table1 (‘Experience Table’) that was published by the Society of Actuaries (“SOA”) in April 2015 and revised in July 2015. Following the release of the Experience Table and the accompanying written report (“Report”), questions and comments were provided to the Society of Actuaries and/or authors regarding their usage. The primary purpose of this memorandum is to reinforce certain key caveats that were contained in the Report.” LTC Comment (from Stephen A. Moses, President, Center for
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Categories: Industry News and Long-Term Care.

“Americans Besieged by Debt”

“Americans Besieged by Debt,” The 2017 Northwestern Mutual Planning & Progress Study “Nearly three quarters of Americans are struggling with debt and the burden is significant in terms of both size and duration, according to new findings from Northwestern Mutual’s 2017 Planning & Progress Study. Specifically: Of those Americans with debt, 4 in 10 (45%) spend up to half of their monthly income on debt repayment. Nearly half of Americans (47%) are carrying at least $25,000 in debt, with average debt of $37,000 excluding mortgage payments. Notably, more than 1 in 10 say their debt exceeds a staggering $100,000. More than
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Categories: Industry News and Long-Term Care.