Do your clients realize how expensive long-term care services can be? Based on national average costs, people can expect to pay more than $85,000 per year for a semiprivate room in a nursing home** — and that figure is expected to keep rising. Use our Cost-of-Care Brochure and Calculator to Help Your Clients Understand the Need Mutual of Omaha’s Cost-of-Care Survey brochure provides national and state averages for a variety of long-term care services, including those received at home, in an assisted living facility and in a nursing home. And, our new Cost-of-Care calculator on our LTC Rider site helps
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Critical Advantage Application and Underwriting Guide Updates
Recently we have been working on improving the Critical Advantage application. Starting on July 16, here are the improvements made to both the paper and e-application. The changes will also be reflected in the updated underwriting guide. Cancer application Changed the cancer look-back question from lifetime to 10 years Modified look back testing question from 5 to 3 years Only 3 health questions Heart attack and stroke application Changed the heart attack and stroke look back question from lifetime to 10 years Modified look back treatment/testing question from 5 to 3 years Loosened diabetes question Removed high blood pressure question
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LTC Rider Supplemental Applications
A Long-Term Care Rider supplemental application packet is required whenever the client applies for the new Long-Term Care Rider on Income Advantage IUL and Life Protection Advantage IUL. Now is the time to make sure you are ready with all the forms you need. The Long-Term Care Rider supplemental application packet is available for download on the Forms & Materials section of our website. The Long-Term Care Rider supplemental application packet is available for ordering through your normal supply channels. The LTC Rider supplemental application packet will not be included automatically with the fully-underwritten life insurance application packet. You must
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Are You Ready to Sell the New LTC Rider?
On July 1 2018, we are introducing a new LTC Rider on Income Advantage IUL and Life Protection Advantage IUL. Our LTC Rider Licensing Requirements flyer provides the key pieces of information you will need to know to make sure that you will be ready, including: Licensing Requirements Training & Continuing Education Requirements Answers to FAQs Training Opportunities available through LTCiTraining.com For even more information regarding our new Long-Term Care Rider, go to MutualofOmaha.com/ltc-rider. Are You Ready to Sell the New LTC Rider? #goldencareagent #mutualofomaha
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Dental Marketing Credits
Don’t forget, you can earn marketing credits for your dental sales during our limited time program! During the months of June, July and August earn marketing credits for your first three dental applications each month. 50 credits for the your first dental app, 100 credits for your second dental app, and 150 credits for your third dental app That’s a maximum of 300 credits per month or 900 credits total. You’ll accumulate credits June through August and starting in September and until November 30, 2018 you’ll have the opportunity to redeem your dental marketing credits. Just like your Med supp
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Good News | PROMO TIME! Amazon Gift Cards + Mutual of Omaha LTC Marketing Credits
Stacking Incentives, You Can Really Maximum Summer Earnings GoldenCare launched a summer Gift Card sales promotion beginning July 1st, and it pairs perfectly with Mutual of Omaha’s LTC Marketing Credits Program! Participating in both programs, you’ll really maximize your summer earnings! See promotion highlights below, or click here for full details The MutualCare® Custom Solution plan is one of the most competitive, flexible LTCi plans on the market, underwritten by Mutual of Omaha Insurance Company, a name your clients know and trust. Now through September 30, 2018: Not selling Mutual of Omaha yet? Click here to add carriers & products
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“U.S. Interest Payments to Equal Social Security Spending by 2048: CBO”
“U.S. Interest Payments to Equal Social Security Spending by 2048: CBO,” by Reade Pickert, ThinkAdvisor “The U.S. government is on track to pay creditors as much as retirees in three decades amid growing public debt and rising interest rates, the Congressional Budget Office said Tuesday. The CBO projects net interest payments will exceed discretionary spending by 2045 and by 2048 match Social-Security outlays of 6.3 percent of gross domestic product. Social Security is currently the country’s largest federal program, the office, a nonpartisan arm of Congress, said in its annual Long-Term Budget Outlook report.” LTC Comment (from Stephen A. Moses,
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Clippings, Industry News, and Long-Term Care.
Sentinel Medicare Supplement Launch Expansions
DE Medsupp Available June 18 Sentinel Security Life is expanding the sale of Medicare Supplement in Delaware, which launched June 16, 2018. Med Supp Application Packet – DE Med Supp Outline of Coverage – DE OH Medsupp Available June 25 Sentinel Security Life is expanding the sale of Medicare Supplement in Ohio, which launched June 25, 2018. Med Supp Application Packet – OH Med Supp Outline of Coverage – OH Sentinel will accept Med Supp applications the week prior to launch, however, policies will not be issued until the launch date. #goldencareagent #sentinel
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GoldenCare Newsletter | July 2, 2018
In this GoldenCare Newsletter Edition From GoldenCare: Update Your Contracts The newest version of LTC CEO Office, Home and Internet Selling Tools Software is now available! Making a good decision on whether or not to own Long Term Care insurance depends upon receiving factual information on the subject. LTCCEO was developed to offer our clients the knowledge they need to make wise decisions. Find out how to get your copy here. Diversify your portfolio for greater sales success! Our new training schedule is posted! Join us for complimentary product and sales training and receive a Continuing Education Voucher for each
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“Where Do Older Americans Die?”
“Where Do Older Americans Die?,” by Howard Gleckman “A fascinating and important new paper from Joan Teno and colleagues published in the Journal of the American Medical Assn (requires registration) also finds that those enrolled in traditional Medicare fee-for-service plans have different experiences from those who participate in Medicare Advantage (MA) managed care. MA enrollees are more likely than traditional Medicare beneficiaries to die at home, less likely to spend time in a hospital or nursing home in their last months of life, and less likely to be moved from nursing homes to hospitals and back as they near death.
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Clippings, Industry News, and Long-Term Care.
