Read Full GoldenCare Newsletter, July 8, 2024 Edition In this GoldenCare Newsletter Edition Webinars: GoldenCare’s Suite of STC Plan Options Wed, July 10, 2024 2:00 PM to 2:30 PM CDT Live StrateCision Comparison Tool Demo Thurs, July 11, 2024 2:00 PM to 2:30 PM CDT GoldenCare’s new “Words.Of.Wisdom” Webinar Series Pre-Recorded Video Showcase Register for the Next Wow Event: Thursday, July 17, 11 AM Eastern Short-Term Care Plan Design & e-App Tom Randall’s “Words.Of.Wisdom” webinar series offers expert sales strategies, product planning insights, and insider tips on various topics. Don’t miss this opportunity to enhance your
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Important: Disregard Email from ServiceNow (Thrivent)
Monday, July 8th, Thrivent’s IT ticketing system (ServiceNow) sent some appointed reps an email that was intended for a different group, and we apologize for any confusion or inconvenience this may have caused. At this moment, we are unsure of how many advisors were sent this announcement. The subject line was “Digital Client Servicing Support dashboard has been shared with you” and was meant for an internal Thrivent IT team. The dashboard referenced is not a long-term care insurance system and cannot be accessed outside of Thrivent. If you received that message in error, there is nothing you need to
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Upcoming Fourth of July Office Closing
Reminder that Mutual of Omaha and its affiliates (United of Omaha and United World) will be closed on Thursday July 4th and Friday, July 5th & in honor of the Independence Day holiday. Below are the cut-off dates and times and the adjusted pay schedules. Holiday Pay Calculation Schedule Med Supp E-App & All Life Cutoff 3:00 PM Health Cutoff 3:00 PM Long Term Care Cutoff 3:00 PM Direct Deposit (EFT) Available Independence Day, Thursday & Friday 7/04/24 – 7/05/24 Monday 7/01/2024 Monday 7/01/2024 Friday 6/28/2024 Friday 6/28/2024 Friday 7/05/2024 Weekly and holiday pay schedules are also available on
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Understanding the Benefits of LTCi vs Medicare and Medicaid
Many people think that Medicare and Medicaid are synonymous with long-term care insurance. However, relying on either of these government-run programs will most likely leave your clients and prospects without the level of care they need or expect. Help your clients make informed decisions about their future health plans by knowing the advantages of a private LTCi policy over Medicare and Medicaid. Check out this sales idea flyer to learn more. If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or e-mail sales.support@mutualofomaha.com. Understanding the Benefits of LTCi vs Medicare and Medicaid
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Attention: Illumifin Experiencing Phone Health Interview Delays
Our vendor, Illumifin, has notified the Mutual of Omaha team that they are currently experiencing delays in scheduling of Phone Health Interviews (PHI). Currently, they are experiencing significant application volumes, and the recent holidays — Memorial Day, Juneteenth, and the upcoming 4th of July — have further impacted interviewer availability. Illumifin is taking steps to address the delays and anticipate returning to normal operations by mid-July. However, at present, we are seeing interviews backed up by approximately three weeks. We appreciate your patience and understanding during this time. Please feel free to reach out if you have any questions or
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Understanding Middle Market Buyers: Their Profile and the Necessity of Long-Term Care
The definition of what it means to be “middle market” is a moving target. It depends on where you live and which numbers are used at the top and the bottom of the scale. Generally speaking, middle market buyers fall into the $50k to $150k annual income per household category. They may not live paycheck to paycheck; however, may be reluctant to pay large annual premiums or lump sum payments. These middle market buyers need long-term care solutions that are affordable and manageable. Traditional LTCi is customizable to fit the needs of each individual based on their needs and financial
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Inforce LTCi Rate Adjustments Effective September 1, 2024
Mutual of Omaha actively monitors our inforce long-term care business, filing rate adjustments when necessary to ensure we keep our promises to policyholders and remain competitive in the marketplace. We will be implementing the following inforce rate adjustments effective September 1, 2024: Indiana Policy Forms Impacted 2024 Overall Rate Increase LTC04G 18.00% LTC04I 18.71% LTC04I7 16.22% LTC09M 10.06% LTC06UI 19.01% LTC09U 12.50% Oregon Policy Forms Impacted 2024 Overall Rate Increase 2025 Overall Rate Increase 2026 Overall Rate Increase LTC04G 36.69% 17.67% 23.09% LTC04I 36.16% 3.71% 23.22% LTC04I7 38.00% 16.75% 22.89% LTC09M 36.58% 6.29% 18.49% LTC06UI 20.47% 5.00% 20.95%
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Thrivent licensing reminder: States requiring pre-appointment or a fraternal license before selling
Licensing reminder—Plan ahead for states requiring preappointment or a fraternal license While Thrivent has just in time appointment for most states, there are three states where an agent must be appointed before taking an app. There are also four states that require an advisor to have a fraternal license to sell Thrivent products. Appointments: Thrivent currently requires pre-appointments in GA, PA and WI. Fraternal Licenses: Four states (CT, DE, MA and NM) require a Fraternal License prior to being appointed with Thrivent. Obtaining a fraternal license is relatively easy and requires only a nominal fee. Please allow for additional time
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Documenting A Written Strategy For Extended Care (New Resource)
Documenting a written strategy for extended care As you may know, long-term care insurance isn’t the plan—insurance might help pay for the plan. This new worksheet can help clients think through and document their long-term care wishes. It can help discuss where care would be received and who would provide the care. This worksheet should be completed no matter what the funding source. This is the family’s roadmap. We encourage couples to complete the worksheet individually and then compare notes. This tool can help you, the financial advisor, to customize a funding plan as the client documents their concerns, family
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Webinar 6/27: Thrivent Highlights, Taxation & Other Valuable Tips
Thrivent offers two powerful Extended Care planning solutions with their traditional LTCi and CareForward™ products. Join us with special guests from Thrivent, Joe Dunford & Anthony Vossenberg as they highlight niches and key market strengths of their traditional LTCi plan. They’ll share taxation tips putting CareForward at the top of your short list. And stay for a special new Sales Strategy being shared at the end! Thursday, June 27 10:00 AM Central Please check that you meet minimum system requirements and have the equipment needed to attend before downloading the latest version of GoToWebinar. Click Here for more information.
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