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. New Mexico has now allowed the following increases: New Mexico Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Pre-PCS 15% 15% PCS I 15% 15% PCS II 15% 15% Choice 1 15% 15% Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications.
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In-Force Rate Action Announcement: Ohio (Pre-PCS, PCS I, PCS II)
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. Ohio has now allowed the following increases: Ohio Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Pre-PCS 15% 15% PCS I 15% 15% PCS II 15% 15% Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications. Policyholder notifications will begin February 4,
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In-Force Rate Action Announcement: Oregon (Choice 1)
> 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. Oregon has now allowed the following increases: Oregon Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Choice 1 55% 72% Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications. Policyholder notifications will begin January 28,
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In-Force Rate Action Announcement: Kansas (Pre-PCS)
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. Kansas has now allowed the following increases: Kansas Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Pre-PCS 39% 117% This rate increase applies to non-AARP, non-partnership policies only. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications. Policyholder notifications will begin January
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In-Force Rate Action Announcement: Kansas (Privileged Choice® and Classic Select®)
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. Kansas has now allowed the following increases: Kansas Product Series Increase Percentage Privileged Choice 37.2% Classic Select 37.2% This rate increase applied to Non-AARP and 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 notifications. Policyholder notifications will begin January 28, 2020 and will continue throughout the next year.
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In-Force Rate Action Announcement: North Carolina (Choice 1)
> 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. North Carolina has now allowed the following increases: North Carolina Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Choice 1 55.13% phased 25%, 24.1% cumulative 86.56% phased 25%, 25%, 19.4% cumulative This rate increase applies to policies issued on or after 2/1/2003 Communications Timeline Servicing agents will receive a list
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Good News | Don’t Miss Out On Earning These Exclusive Agent Rewards
Are You Taking Advantage Of GoldenCare’s Rewards Program? If you’re attending our webinar training, or writing business, don’t miss out! You can be earning exclusive agent rewards through our GoldenCare Rewards program! There are several ways to earn Reward points, and agents can elect to redeem their points for a 1,000-piece mail-drop Lead Program OR for Amazon.com Gift Cards! With these options, you have countless ways to get the rewards you deserve! Remember, to redeem Reward Points, submit your completed W9 form as soon as possible. And be sure to keep an eye on your inbox for an exciting Rewards
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In-Force Rate Action Announcement: Massachusetts (PCS I, PCS II, Choice 1)
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. Massachusetts has now allowed the following increases: Massachusetts Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods PCS I 40% phased 13.3%, 13.3%, 13.4% simple 40% phased 13.3%, 13.3%, 13.4% simple PCS II 40% phased 13.3%, 13.3%, 13.4% simple 40% phased 13.3%, 13.3%, 13.4% simple Choice 1 40% phased 13.3%, 13.3%, 13.4% simple 40% phased 13.3%, 13.3%, 13.4% simple
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“Long-Term Care Insurance v. a Hybrid: AALTCI Gets the Numbers”
“Long-Term Care Insurance v. a Hybrid: AALTCI Gets the Numbers,” by Allison Bell, ThinkAdvisor Quote: “The American Association for Long-Term Care Insurance (AALTCI) has come out with a new long-term care (LTC) benefits product cost comparison analysis. AALTCI looked at how much a consumer might pay to get long-term care benefits through a stand-alone long-term care insurance (LTCI) policy, versus how much the same consumer might pay to get the same amount of benefits through a life insurance policy that offers LTC benefits.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Click through for the
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Clippings, Industry News, and Long-Term Care.
“McKnight’s 40 for 40: Robert G. Kramer”
“McKnight’s 40 for 40: Robert G. Kramer,” by John O’Connor, McKnight’s LTC News Quote: “Editor’s note: As part of the 40th anniversary of McKnight’s, McKnight’s Senior Living and McKnight’s Long-Term Care News are recognizing 40 notable newsmakers. Each week, the brands will highlight a, high-profile leader from the past four decades. Published installments of the series can be found here. When people discuss how freely capital now flows in this sector, demographics and a strong economy usually get the credit. Often overlooked is the man perhaps most responsible for opening the spigot: Robert G. Kramer.” LTC Comment (from Stephen A.
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Clippings, Industry News, and Long-Term Care.
