CareMatters COVID guidelines have been updated

CareMatters COVID guidelines have been updated Proposed Insureds with a history of COVID with no hospitalization, no tobacco use, maximum BMI of 35, and no co-morbid conditions may be able to be considered without medical records for CareMatters after 1 month of full recovery if age 49 or younger, and after 2 months of full recovery if age 50 or older. Proposed Insureds who do not meet the above and have not been hospitalized will be postponed until 3 months of full recovery is achieved and is demonstrated by a documented visit post-COVID in medical records provided at no expense
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Categories: COVID-19, Industry News, Linked Benefit/Hybrids, and Nationwide.

Asset Care annuity withholding process update due to IRS guidelines

New withholding process for Asset Care annuities effective 12/10/2022 Jan. 1, 2023 in all states, IRS guidelines around taxable distributions from retirement plans and annuities will change, requiring a modification to our application process affecting our Asset Care Annuity Funding Whole Life option, as well as Asset-Care II/III (California). Starting 12/10/2022, this guideline change will necessitate collection of a new “Statement of Understanding – Withholding” form as well as IRS Form W-4P to indicate the policyholder’s future withholding preference prior to issue. Please view the video above to learn about this process change.   If you have any additional questions,
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

CareForward now available on Stratecision comparison

CareForward is now on StrateCision For years, Stratecision has set the standard for LTCi comparison tools. You can now find Thrivent’s linked-benefit solution, CareForward, in Stratecision’s ComboCompare. With ComboCompare, you can: Get quotes for a single client or a couple, for the current Life/LTC hybrid plans Create single or comparative proposals, up to 6 on a page See how benefits compare for a fixed premium, or premium comparisons for a chosen benefit See Face Amount/Death Benefit for your choice of premium or monthly LTC benefit See annual and total premium, total and monthly benefit, and benefits at age 80 Show
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Categories: Industry News, Linked Benefit/Hybrids, and Thrivent.

Announcing another price decrease on our Asset Care portfolio

It’s time for another timely price decrease on our Asset Care product portfolio JEFF LEVIN, VP, CARE SOLUTIONS DISTRIBUTION For the second time in 2022, OneAmerica® is announcing a price decrease on our Asset Care product portfolio across the country, effective Dec. 9, 2022. Our long-term perspective, disciplined approach and more than 30 years of experience in asset-based long-term care allow us to confidently improve the value to our stakeholders. Backed by our financial strength and commitment to this market, OneAmerica will simply be there when our customers need us most. Learn more about new business submission rules leading up
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

CareForward Product Guide Update

CareForward Product Guide Update The product guide has been updated to include information on trust ownership of a CareForward policy (page 8). Download Guide     #goldencareagent #thrivent
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Categories: Industry News, Linked Benefit/Hybrids, and Thrivent.

Care Solutions News, November 2022

Succeed as One A Thanksgiving Message from Jeff Levin With the arrival of November, there are many things we all are grateful for. Jeff has a special message to everyone this Thanksgiving below.   – Jeff   Operations updates Prepare for year-end: Review key dates and holiday hours We’re dedicated to helping you have a smooth and successful year-end. To ensure you’re prepared, review our holiday hours, new business processing guidelines for 2022 production, and details about this year’s required minimum distribution waiver.   Thanksgiving closure, newsletter distribution OneAmerica will be closed Thursday, Nov. 24 and Friday, Nov. 25 for
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

Product updates and more to support your sales

Price improvements to Nationwide CareMatters® II Beginning November 7, 2022, Nationwide is implementing a second price improvement of 2022 across all scenarios for the current CareMatters II product as part of our commitment to responding quickly to changing economic conditions and delivering value for new policyowners. These changes do not apply to Nationwide YourLife CareMatters in New York and California. The price improvement is an average pricing decrease of 5% for all scenarios. There will be a price decrease for all scenarios; however, the percent decrease varies by the characteristics of the case. Important dates Any policies with an effective
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Categories: Industry News and Linked Benefit/Hybrids.

November is LTC Insurance Awareness Month

LTC coverage does more than pay for care Having LTC insurance means your clients needn’t deplete their savings to pay for care. Coverage helps clients: Maintain independence Relieve financial pressure Protect retirement assets Decide how and where to receive care   Guaranty Income’s AnnuiCare may provide 3x the annuity value for LTC expenses, if and when needed. As the annuity grows, so does the potential LTC benefit! > Get the Details on AnnuiCare Call the GILICO sales team at 800-535-8110 for assistance.     #goldencareagent #gilico
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Categories: Guaranty Income, Industry News, and Linked Benefit/Hybrids.

Introducing Caregiver Resources from Thrivent

Introducing Thrivent’s newest membership benefit to support caregivers Video: Introducing Caregiver Resources (2:12) Thrivent is introducing a valuable new membership benefit: Caregiver resources from Dari by Homethrive. Dari offers online resources including articles, videos, blogs and checklists on topics related to aging and caregiving. Users can: Chat live with an expert Get personalized recommendations Have relevant content emailed to them. And while other services specialize in helping clients find the best care facility, Dari focuses on supporting caregivers to help aging adults live safely and successfully in their homes as long as they can. Behind Dari is a team of
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Categories: Industry News, Linked Benefit/Hybrids, Long-Term Care, and Thrivent.

Change to Underwriting Medical Requirements

Immediate Change to Medical Requirements for Full Underwriting Due to a laboratory test kit being discontinued, our vendor, ExamOne, now requires a blood specimen to complete the panel of tests full underwriting requires. Effective immediately, blood specimens will be required on those adults ages 35 and up for face amounts $0-99,999, on products issued and underwritten by State Life. This change will not impact Underwriting’s processing time and only applies to full underwriting. This does not affect Expedited Underwriting. You can view the complete chart on page 13 of the updated Care Solutions Process Guide, I-33758. Please make sure any
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.