Why look at Thrivent when prescreening your client’s health? Few carriers publish preferred rate class guidelines. Thrivent considers all applicants for a preferred rate, and the underwriting guide outlines the preferred health criteria. Thrivent doesn’t auto-decline based on someone being declined by another carrier. (If declined elsewhere though, prescreening health with an underwriter is a must) Read on for Preferred health guidelines and build chart. Preferred Underwriting Checklist Page 5 of the Underwriting Guide All applications are considered for preferred issue, but the criteria below can help determine whether your client may qualify for the preferred risk class. We recommend
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Thrivent LTCi issues 4% more policies at preferred health than a leading competitor
Thrivent LTCi issues 4% more policies at preferred health than a leading competitor In July’s Broker World magazine, the Milliman Long Term Care Insurance Survey showed that 23% of Thrivent policies are issued with our preferred health discount, while a leading competitor only issues 19% as preferred. Distribution of Policies By Rate Class Full LTCi Survey #goldencareagent #thrivent #ltc
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Care Coordination Provides Real Value for Families
The need for long-term care can come on fast or over time. Family members often need help in finding appropriate care for loved ones. Help your clients understand how it works: The insured or a trusted family member calls the toll-free number in the policy to initiate a claim. A care coordinator contacts the insured or the family member to assess the need for long-term care services. The care coordinator then develops a personalized plan of care and helps to arrange for services. The care coordinator continues to monitor the insured’s progress and the quality of care received. Check out
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Streamlining our new EFT/PAC process
Streamlining our new EFT/PAC process As a reminder, a new improved Electronic Funds Transfer/Pre-Authorized Check (EFT/PAC) form is now available to help get policies placed and delivered faster and easier than before! This Pre-Authorized Check (PAC) Premium Payment Service form can be utilized at time of application or during the application process to obtain applicant approval of either or both of the following to occur: Request that a one-time electronic funds transfer occur to pay for premium due as a delivery requirement should a policy be issued. Request ongoing PAC premium on active cases for premiums they become due. Online
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You Asked and We Listened – UW Guideline Changes at MOO
From the Desk of Amanda Blackburn We previously communicated updates to our Underwriting Guidelines. As a friendly reminder, we were pleased to announce the following changes to Medical Marijuana and Family History of Dementia: Family History of Dementia with one parent, sibling (biological parents or siblings) of any form of Dementia, including but not limited to Alzheimer’s (cognitive disorder, impaired reasoning, memory issues) will be eligible for select class with maximum pool of $300k and monthly benefit of $10k. (We no longer limit the monthly benefit to 5k) Medical Marijuana users will be eligible for coverage at select class if
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Inforce LTCI Rate Adjustments Effective October 1, 2023
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 October 1, 2023. *The state of Rhode Island requires a 90-day notification period for all policyholders. Therefore, the effective date for the affected RI policies indicated below will be November 1, 2023. For details on yearly rate adjustment percentages, view the supplemental grid here. Impacted Forms Impacted States LTC04G Arizona & Rhode Island LTC04I Arizona & Rhode Island LTC04I7 Arizona &
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Understand Your Role in the Claims Process
When the need for long-term care services arises, the agent is often the first person the policyholder contacts. That’s why it’s important for you to know how the claims process works in order to understand your role. Making initial contact- The insured may contact you as their first step. Gathering information- A representative from Mutual of Omaha’s claims department will talk with the insured to gather more information. Explaining how the policy works- Not all LTC policies are the same. Determining benefit eligibility- Each policy states how the insured is eligible for benefits. Paying the claim- After the elimination period
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Good News | Enhancements Made To Omaha LTCi Customer Access
Enhanced Customer Access Features For Omaha LTC Policyholders Exciting News, LTC policyholders now have an enhanced experience when signing into Customer Access. Once they sign in, they will no longer need to log in to two websites to access their LTCi policy. *For any policyholders who have previously saved a link to their LTC account as their default web page they will be directed to sign in to Customer Access. Through Customer Access, policyholders will have features available to help them manage their account. Exciting News: LTC Policyholders Now Have Enhanced Customer Access Features Let GoldenCare be your back
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Exciting News: LTC Policyholders Now Have Enhanced Customer Access Features
Exciting News, LTC policyholders now have an enhanced experience when signing into Customer Access. Once they sign in, they will no longer need to log in to two websites to access their LTCi policy. *For any policyholders who have previously saved a link to their LTC account as their default web page they will be directed to sign in to Customer Access. Through Customer Access, policyholders will have features available to help them manage their account information such as: Update personal & billing information Enroll in automatic deduction Review policies or request duplicate documents initiate claims online View claim status
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GoldenCare Newsletter | July 17, 2023
Read Full GoldenCare Newsletter, July 17, 2023 Edition In this GoldenCare Newsletter Edition From GoldenCare: For Immediate Release: Introducing OmniFlex™ Short-Term Care Introducing OmniFlex™: A Revolutionary Short-Term Care Plan Redefining the Industry, offered by ManhattanLife Continue reading → Competitive Opportunity In The Medicare Supplement Market Tues, July 18, 2023 9:30 AM CDT Top Highlights of our Revolutionary STC Plan Thurs, July 20, 2023 10:00 AM to 10:30 AM CDT OmniFlex™ Short-Term Care Available In Two Additional States On June 22 the OmniFlex™ product launched, and already we have an exciting announcement! Effective June 26th, the plan was approved for sales
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