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. Missouri has now allowed the following increases: Missouri Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Pre-PCS 39% 99% 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 June
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LifeSecure Insurance Company Names New President and CEO
LifeSecure Insurance Company Names New President and CEO BRIGHTON, Mich. — LifeSecure Insurance Company has announced the appointment of Patrick J. Prichard as president and CEO, effective June 1, 2019. The move follows the resumption of former LifeSecure president and CEO Kevin Stutler’s previous position of vice president of Enterprise Ancillary Business at Blue Cross Blue Shield of Michigan, the parent company of LifeSecure. LifeSecure has also named Debbie Marcum as Senior Director of Information Technology and Operations. Prichard joined LifeSecure as Chief Operating Officer in 2016, overseeing all administrative operations, information technology, and human resources. “Over the past couple
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LTC Underwriting Operation: The New Underwriting Guide
Another case study as part of our ongoing Underwriting Operation. Case Study: A New LTC Producer Uses Underwriting Tools to His Advantage Don is a new long-term care insurance agent based in St. Louis. As he learns the industry and product, Don has found it useful to carry the MutualCare® Solutions Underwriting Guide as an aid while screening clients. Recently, Don was working with a 65-year-old male applying for the Secure solution. Having already familiarized himself with the build chart before the meeting, Don knew to quote no better than Class 1 based on the client’s height and weight. However,
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Online Prequalification Now Available
In addition to calling, emailing, or faxing us your prequalifications, you can now prequalify a client by logging into the Agent Resource Center at ngl-essentialltc.com, clicking the “Underwriting Prequalification” icon, and submitting the online form. Once submitted, our underwriters will email you a response as soon as possible. Learn more about underwriting in our recently recorded webinar: Field & Home Office Underwriting If you have questions, please call NGL at (888) 505-2332 or email status@ngl-essentialLTC.com. #goldencareagent #ngl
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EssentialLTC Partnership Policy Available In Illinois
Change effective May 31, 2019 National Guardian Life Insurance Company (NGL) is pleased to announce that effective May 31, 2019, the EssentialLTC policy will now be available as a partnership policy in the state of Illinois. Applications submitted in Illinois that are dated May 31, 2019 and after require the following additional application forms: Form Name Form # Action Acknowledgement Regarding Partnership Policy Qualification NLTCPRT-ACK Submitted with application The new application forms will be available via the Agent Resource Center on May 31, 2019. Determination of Partnership Eligibility EssentialLTC policies issued in Illinois will automatically be issued as
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Plant the Seed Early for Long-Term Care Insurance
Your clients lead busy lives and they may put off making important decisions. Plant the seed early with these clients to help plan for possible future health needs. Buying a long-term care insurance policy may be far down the list of their priorities, so let them know the benefits of getting coverage early. Advantages to buying LTCi early Insurability — clients will be more likely to be approved for coverage Affordability — rates are based on your client’s age at time of purchase Peace of Mind — clients can rest easy, they are protected for any future care they may
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In-Force Rate Action Announcement: Iowa (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. Iowa has now allowed the following increases: Iowa Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Pre-PCS 39% phased 17.9%, 17.9% cumulative 39% phased 17.9%, 17.9% cumulative PCS I 39% phased 17.9%, 17.9% cumulative 39% phased 17.9%, 17.9% cumulative PCS II 39%
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Genworth, Industry News, and Long-Term Care.
In-Force Rate Action Announcement: Rhode Island (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. Rhode Island has now allowed the following increases: Rhode Island Product Series Increase Percentage Privileged Choice 50.1% phased 25%, 20.1%% cumulative Classic Select 50.1% phased 25%, 20.1% cumulative This rate increase applies to both 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 notifications. Policyholder notifications will
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Genworth, Industry News, and Long-Term Care.
Good News | Need Illustrations? Let GoldenCare Run the Figures for You!
Quickly & Easily Request Quotes Through GoldenCare’s Agent Site Did you know: GoldenCare offers an easy online form to request quotes through our agent website, goldencareagent.com? Choose from Long-Term Care insurance, Critical Cash or Disability, and the interactive form will change to show only applicable benefit options. Requests are typically handled within 4 hours. Any submitted after 4:00 PM Central Time will be answered the following morning. Let GoldenCare be your back office – we’ll run the figures for you! Click here to submit your quote requests! Read Full Good News Announcement Questions? Call the GoldenCare Marketing Team at
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TOMORROW | Attend An Epic Showdown Between Our Top HHC Plans!
With two stand-alone Home Health Care policies in our portfolio, we’ve received many questions on how the two compare. Now they’re going head-to-head. Join us for a detailed comparison as we cover differences on state availability, company background, covered services, features/riders, underwriting, licensing and more! Thurs, May 30, 2019 2:00 PM to 2:30 PM CDT Read Full Invitation
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