Regulation Update: Maryland

The Maryland Insurance Administration is requiring that all Long Term Care Insurance applicants in Maryland are provided with a LTCi Partnership Disclosure Notice at the time of application. This document is included with Maryland’s LTC Application & Forms in your Agent Portal. Please begin providing this form to LTCi applicants in Maryland. It is also required for producers to maintain records demonstrating that the required disclosure statement was provided to each LTCi applicant. Additional information can be found in the following Maryland Insurance Administration bulletin. You can also contact LifeSecure’s Agent Support team with any questions at 866-582-7701 or via
Read More

Categories: Industry News, Life Secure, and Long-Term Care.

LifeSecure: Alert Regarding Rate Increases

Alert Regarding Rate Increases Earlier this year, the Delaware Department of Insurance was made aware that various members of the insurance industry have been responding to consumer inquires related to premium rate increases by claiming the Department of Insurance has required an insurer to raise premium rates. In response, the department released a bulletin to reiterate that it is unlawful for all persons and companies engaged in the aspect of insurance to make any assertion, representation or statement with respect to the business of insurance which is untrue, deceptive or misleading. Please refer to the bulletin above and Delaware Insurance
Read More

Categories: Industry News, Life Secure, and Long-Term Care.

LifeSecure: LTCi Rate Increase Announcement

LTCi Rate Increase Announcement Based on our analysis, earlier this year we began seeking premium rate increases in certain states for our first generation Long Term Care Insurance business (policy series LS-0002 et al, issued prior to Feb. 3 2014). Agents with impacted clients will receive a notification via email once the rate increase receives state approval. We expect this process to be completed by the end of 2018. The notification timeline for agents and policyholders is as follows: Agents — at least five days prior to policyholder notifications Policyholders — at least 45 days before the rate increase effective
Read More

Categories: Industry News, Life Secure, and Long-Term Care.

“LifeSecure Distribution Deal Includes Worksite LTCI”

“LifeSecure Distribution Deal Includes Worksite LTCI,” by Allison Bell, ThinkAdvisor “A distribution arm of the Blue Cross and Blue Shield plans may set up a program that will offer long-term care insurance (LTCI) products from LifeSecure Insurance Company to all of the Blues. BCS Financial Corp., which is based in Oakbrook Terrace, Illinois, may offer stand-alone LTCI products from LifeSecure through an arrangement that will also offer other health products, other than major medical coverage, from LifeSecure.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): LTCI expansion. LifeSecure Distribution Deal Includes Worksite LTCI #goldencareagent #lifesecure
Read More

Categories: Industry News, Life Secure, and Long-Term Care.

LifeSecure: News & Corporate Responsibility

LifeSecure Insurance Company, BCS Financial Collaboration Seeks to Expand Ancillary Health Offerings 10/02/2017 Collaboration will provide turnkey solutions to Blue Plans nationwide BRIGHTON, Mich. — LifeSecure Insurance Company, a supplemental health and long term care insurance provider, and BCS Financial Corporation, a company that builds innovative solutions for Blue Cross Blue Shield companies, today announced a strategic arrangement to bring ancillary health solutions to Blue Plans across the country. The arrangement’s initial goal is to offer accident, critical illness, hospital indemnity, and long term care insurance alongside participating Blue Cross Blue Shield medical plans beginning in the fall of 2017.
Read More

Categories: Industry News and Life Secure.

Important Announcement from LifeSecure

Effective Dec. 1: Closing New Sales of Current Multi-life LTC Product To our Agents and Distribution Partners, Effective December 1, 2017, LifeSecure is closing all new sales of our current Multi-life LTC offering in all states. This follows our recent announcement to discontinue new case setups for our current Multi-life LTC product, with exceptions for MGAs that were given LTC sales quotas. Please note: this decision includes any new hires and other additions to existing groups, as well as all MGAs that were included under our previous exception. **All active employer groups will also receive an email notification on Monday,
Read More

Categories: Industry News, Life Secure, and Long-Term Care.

Good News | Omaha Announces Their Continued Commitment To The Market

Amidst Industry Unrest, Omaha Announces Their Continued Commitment To The Market In the wake of John Hancock’s announcement about exiting the Individual LTCi market, many agents are left feeling uneasy. Especially considering LifeSecure’s exit was mere weeks ago. Mutual of Omaha just made an announcement reiterating their commitment to the long-term care insurance market. Click Here to read Mutual of Omaha’s announcement. With this line of business being so incredibly important…   Continued… Read Full Good News Announcement
Read More

Categories: GoldenCare News, Industry News, John Hancock, Life Secure, Long-Term Care, and Mutual of Omaha (& Affiliates).

GoldenCare Newsletter | October 10, 2016 Edition

In this Edition This edition is jam packed with the latest announcements and news from all the Top Carriers! From GoldenCare:  Our full list of complimentary agent training events, attend a session on one of our popular topics. Our 3-in-1 Fourth Quarter Promotion has begun!   It’s the race to the finish line.   October 1st through December 31st.   See the newsletter for terms and conditions and get your Mutual of Omaha LTCi apps in for cash and a chance to win the grand prize – a 3 year lease on a brand new Ford Mustang! Our Guest Article is
Read More

Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, John Hancock, Life Insurance, Life Secure, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Important Announcement from LifeSecure Insurance Company

10/10/2016 After careful analysis of our long term care insurance business and continuous review of our product offerings and overall business strategy, we have made the decision to suspend sales of our long term care insurance product in the individual markets, effective Nov. 1, 2016. Since our inception, LifeSecure has always focused on managing our business strategically and responsibly. We believe this action will allow us to further capitalize on our strengths as a company, operate more efficiently and effectively, and better serve our agents, policyholders and employer customers. Please note: Important dates and additional information regarding this decision can
Read More

Categories: Life Secure and Long-Term Care.

Good News! | Summer 2016 GoldenCare Gazette

Our Summer 2016 GoldenCare Gazette Is Now Available! Are You Getting Your GoldenCare Advantages? Whether you’re a brand new agent, an existing agent looking for a new product or sales idea, or a seasoned pro – GoldenCare has something that can help you grow your business and increase your income. So what makes us different? This Gazette will highlight some of the tools, programs and services we offer, which put us among the top MGAs chosen by agents. Details on our 3-in-1 Promotion are also included. But don’t forget: The Third Quarter for this Promotion ends 9/30/2016! You should be
Read More

Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, John Hancock, Life Insurance, Life Secure, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).