The MutualCare® Solutions Product Guide has been updated to reflect the new processes effective February 23, 2020. Updated sections include: “Completing the Application” section has been updated to reflect the following changes: We have removed “Date of Application (Initial Premium Required)” as a policy effective date option Initial premium will no longer be accepted (no longer accepting cash with application) Temporary insurance agreements and conditional receipts will no longer be available “Administrative Handling” section has been updated to reflect the following changes: Added post issue requirement premium submission mailing address Oklahoma has been added as a Pre-Appointment state View the
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Updates to LTC Policy Dating Process and Commission Timing
Mutual of Omaha is committed to providing you a product portfolio that meets the needs of your clients. With this goal in mind, we have made the following changes to get your LTC policies issued efficiently. Currently, compensation is paid on LTC13 policies once premium has been collected and the policy is in force, regardless of any outstanding Post Issue Requirements (PIRs). Beginning February 23, 2020, compensation will now be paid at the time all PIRs are received and the case is considered placed. Applications signed on or after this date will be effective on the date the policy is
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You’re Invited! Special Introductory Training on a New LTC Alternative
GoldenCare now offers True Freedom Home Care Plans as an LTC alternative! These are field-issue plans available in all 50 states! All True Freedom Home Care Plans feature: 1-Question Field Issue | No Medical Underwriting | Available Nationwide | No Age Limit | No Elimination Period | No ADL Requirements | No Claim Forms Nationwide Home Care Plans with No Medical Underwriting Register Now To Reserve Your Space! Click below to register: Thurs, Feb 6, 2020 2:00 PM to 2:45 PM CST Questions? Call the GoldenCare Marketing Team at 800-842-7799! Don’t forget to subscribe to our News Digest
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Important Announcement from United Security Assurance
January 28, 2020 As many of you are aware, United Security entered into a reinsurance treaty in 2016 in order to improve its financial results and risk-based capital, which had been affected by blocks of business purchased in the past. During an Examination of United Security Assurance Company, the Pennsylvania Department of Insurance (“PA DOI”) determined that the Reinsurer’s assets, which back the policyholder reserves for the business transferred to the reinsurer, were substantially invested in subsidiaries and affiliates of a large private company. The PA DOI and the Company have concerns about the Reinsurer’s assets and would like them
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Good News | Coming 2/23/2020: LTCi Apps Will No Longer Require Premium!
Coming Soon: No More Premium With Omaha LTCi Applications Effective February 23, 2020, premium will no longer be accepted at time of application. Monthly EFT drafts will begin on the date of issue rather than upon receipt of the application. Total premium is due 60 days from issue. Other important changes, related to Post-Issue Requirements and timing of compensation payments, will also take effect February 23rd. Click below for full details: Updates to LTC Policy Dating Process and Commission Timing Questions? Call the GoldenCare Marketing Team at 800-842-7799! Don’t forget to subscribe to our News Digest for all
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“Living near major roads linked to risk of dementia, Parkinson’s, Alzheimer’s and MS”
“Living near major roads linked to risk of dementia, Parkinson’s, Alzheimer’s and MS,” Science Daily Quote: “Researchers from the University of British Columbia analyzed data for 678,000 adults in Metro Vancouver. They found that living less than 50 metres from a major road or less than 150 metres from a highway is associated with a higher risk of developing dementia, Parkinson’s, Alzheimer’s and MS — likely due to increased exposure to air pollution.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Besides, the road noise will drive you nuts anyway.
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Clippings, Industry News, and Long-Term Care.
“Burnout generation gap: Gen X healthcare workers fare worse than millennials, boomers”
“Burnout generation gap: Gen X healthcare workers fare worse than millennials, boomers,” by Hailey Mensik, HealthCareDive Quote: “Physicians ages 40 to 54, or those belonging to Generation X, experience burnout at a higher rate than their older and younger coworkers, according to a new report from Medscape. Nearly 48% of Gen X physicians reported burnout, compared with 38% of millennials and 39% of baby boomers. Among all generations, bureaucratic tasks including charts and paperwork were cited most frequently as a factor for professional dissatisfaction and burnout, followed by long hours. … Half of all physicians surveyed said they would take a
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Clippings, Industry News, and Long-Term Care.
“39% of adults in their 70s view Social Security as ‘a lifeline’”
“39% of adults in their 70s view Social Security as ‘a lifeline’,” by Lois A. Bowers, McKnight’s Senior Living Quote: “Thirty-nine percent of respondents to a new survey who were aged 70 to 79 said they plan to rely on Social Security in retirement ‘a lot, as a lifeline to keep me afloat,’ suggesting both challenges and opportunities ahead for senior living operators. An additional one-third (33%) in that age group who participated in TD Ameritrade’s ‘Road to Retirement Survey’ said they plan to rely on Social Security ‘some,’ and 27% said ‘a little, as a cushion when I need it.’
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Clippings, Industry News, and Long-Term Care.
“How to Survive as a Caregiver: Six Essential Tips”
“How to Survive as a Caregiver: Six Essential Tips,” by Dorothy Kelley, Today’s Caregiver Quote: “Have you ever found yourself thrust into a job that you would never have applied for, and for which you didn’t have the background or training? For which you felt you were unsuited in so many ways? And for which you are not allowed to quit or retire? That scenario might be the stuff of most people’s nightmares, but for millions of Americans, it is the reality of life as a caregiver.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Anyone who
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Clippings, Industry News, and Long-Term Care.
Good News | Critical Advantage: New Policy Delivery Options & Updated Materials
Critical Advantage: New Policy Delivery Option & Updated Materials Effective January 20, 2020, Mutual of Omaha applications for Critical Advantage plans will include an option for the policy to be mailed directly to your customers. Also, Mutual of Omaha redesigned the Critical Advantage marketing materials, and made them available beginning today! Click each link below for additional details: Update on Policy Delivery for Critical Advantage Customers Updated Critical Advantage Portfolio Material is Coming Questions? Call the GoldenCare Marketing Team at 800-842-7799! Don’t forget to subscribe to our News Digest for all the latest announcements from the Top
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