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
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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
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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.
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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,
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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
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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
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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).

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
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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).

GoldenCare Newsletter, July 11, 2016

  In this Newsletter Edition The winners of GoldenCare’s 3-In-1 Promotion! Catch up on the latest announcements and industry news from Mutual of Omaha, GTL announces Medicare Supplement availability in Tennessee and more!    Genworth has updates on their Element™ product release and their Cost of Care website.     We also have several announcements from Transamerica, LifeSecure and MedAmerica.    Don’t miss our Medicare Supplemental News for all the latest from Mutual of Omaha and Affiliates. Enjoy our Guest Article “Boomers, it’s time to spend – and pay taxes on – your 401(k)” by Suzanne Wooley of Bloomberg.   Read Full
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Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, Life Secure, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

LTCI Tax Advantages

Your clients may be eligible for tax advantages when paying premiums for tax-qualified LTCI policies. For more information for the 2015 tax year, including maximum deduction amounts by age, click here. Increased deduction amounts and additional information for 2016 can be found here. NOTE: LifeSecure does not offer tax or legal advice. #goldencareagent #LifeSecure
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Categories: Life Secure and Long-Term Care.