“Living The Golden Rule”

“Living The Golden Rule,” by Bruce Moon, Amazon   Quote: “This book is a profile of an American company, family owned and operated, whose successes were spread over seven decades, and whose risks, struggles, and triumphs have created many benefits for American consumers today. Uniquely, this company was in the insurance business. This is an industry generally considered staid, slow to change, and bureaucratic. But this one company, with a unique name, created its legacy with •Corporate Entrepreneurship •Culture of Achievement •Consumer-based Product Innovation, all while maintaining a small company spirit of camaraderie where long-term employees―from mailroom clerk to president―knew
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Categories: Clippings, Industry News, and Long-Term Care.

“COVID-19 Webinar & Educational Resources”

“COVID-19 Webinar & Educational Resources,” AHCA/NCAL   Quote: “As concerns arise with the emerging 2019 Coronavirus, officially named COVID-19, AHCA/NCAL is working nationally with the Centers for Disease Control (CDC) to ensure our members receive necessary supplies and guidance to prevent the spread of this disease. This resource is free and open to AHCA/NCAL members in addition to the public. Membership to AHCA/NCAL is not required to access the materials however, you will need to create an account to identify your personal access to the materials. Learn how to create an account on the GETTING STARTED page. If you need additional assistance,
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Categories: Clippings, Industry News, and Long-Term Care.

“Genworth reaches deal ‘in principle’ with New York regulator to clear acquisition by China-based company”

“Genworth reaches deal ‘in principle’ with New York regulator to clear acquisition by China-based company,” by John Reid Blackwell, Richmond Times-Dispatch   Quote: “Henrico County-based insurance giant Genworth Financial Inc. said Monday that it has reached an agreement “in principle” with government insurance regulators in New York that would help the company complete its long-delayed effort to be acquired by a China-based investment company.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Is there no end to the hoops this deal must jump through?  
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Categories: Clippings, Industry News, and Long-Term Care.

Return of Premium… Like a Money-Back Guarantee

Did you know? Return of premium can turn a skeptical prospect into a confident customer. Will your clients need long-term care services? No one knows for sure. So if they hesitate to purchase a policy because they don’t want to end up paying for something they may never use, here’s how to ease their concerns. Explain how adding optional return of premium rider is like a money-back guarantee. Premiums they’ve paid minus any policy benefits they’ve received will be refunded to a beneficiary upon their death. With three return of premium options available from Mutual of Omaha, you’re sure to
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

NGL’s Financial Strength Affirmed

AM Best Affirms A- (Excellent) Rating of NGL and Revises Outlook to Positive We are pleased to announce AM Best has revised the outlooks to positive from stable and affirmed its A- (Excellent) rating effective February 28, 2020. This rating reflects the excellent ability of NGL to meet its ongoing insurance policy and contract obligations and further attests to its financial strength. “Our AM Best rating is pivotal to our future success and is a true measure of NGL’s financial strength and business model effectiveness relative to the industry and our peers. We will continue to enhance our business profile,
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Categories: Industry News, Long-Term Care, and National Guardian Life.

Introducing Mutual Perks for Mutual of Omaha Policyholders

Everyone loves a good deal. Whether it’s a discount at a favorite store or restaurant, savings on eyeglasses and hearing aids, a reduced rate on a home mortgage or a low-cost gym membership, the Mutual Perks program is designed to help some of your clients keep more money in their pockets. What’s Included in the Mutual Perks Program? Coupons & Discounts – Discounts at local restaurants and retailers, as well as a variety of national online merchants – many of the places where your customers already spend their dollars. Provided via AccessPerks Health & Fitness Programs – Also known as
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Categories: Accident Insurance, Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, and Mutual of Omaha (& Affiliates).

Order Now! New MutualCare® Solutions Applications Available

Paper Applications ORDER TODAY! New paper applications are available for order. These applications reflect the no cash with application and conditional coverage changes effective 2/23/2020. The version being replaced must be signed and received in the Home Office no later than 2/29/2020. If received in the Home Office after 2/29/2020, the application will not be accepted. E-Applications Reminder: If you have a pending e-application that was started prior to 2/23/2020, you can access your pending app, complete and submit like normal. The pending e-Application must be signed and received in the Home Office no later than 2/29/2020 or it will not
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Arkansas Online Payment of Licensing Fees, Effective January 1, 2020

As a reminder, effective January 1, 2020, the Arkansas Insurance Department will no longer accept paper checks for licensing fees and will no longer send paper renewal forms through the mail. All renewal fees and application fees will be processed electronically through www.nipr.com. Attached is Arkansas Bulletin No. 12-2019 for your reference. If you have any questions about the bulletin, please contact the AR Insurance Department’s licensing division at (501) 371-2750 or by email to insurance.license@arkansas.gov.   Arkansas Online Payment of Licensing Fees, Effective January 1, 2020   #goldencareagent #genworth
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Vermont (Pre-PCS, PCS I, PCS II, Choice 1)

> PCS II with Stable Premium Option > Choice 1 with Stable Premium Option As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Vermont has now allowed the following increases: Vermont Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Pre-PCS 69.78% phased 30.3%, 30.3% cumulative 69.78% phased 30.3%, 30.3% cumulative PCS I 125.5% phased 31.2%, 31.2%, 31% cumulative 125.5% phased 31.2%, 31.2%, 31% cumulative PCS II 136.68%
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Vermont (Privileged Choice® and Classic Select®)

> Privileged Choice® and Classic Select® with Stable Premium Option > 1% Benefit Increase Option As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Vermont has now allowed the following increases: Vermont Product Series Increase Percentage Privileged Choice 22.4% Classic Select 22.4%   This rate increase applies to AARP® and non-AARP policies. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder
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Categories: Genworth, Industry News, and Long-Term Care.