“Brighthouse Prepares to Launch Life-LTC Hybrid”

February 13, 2019 | by | Comments Off on “Brighthouse Prepares to Launch Life-LTC Hybrid”

“Brighthouse Prepares to Launch Life-LTC Hybrid,” by Allison Bell, ThinkAdvisor “Brighthouse Financial Inc. is preparing to introduce an indexed universal life (IUL) insurance policy designed for the long-term care (LTC) planning market. The new Brighthouse SmartCare IUL policy will offer purchasers access to a rider that can provide a pool of LTC benefits with a value linked to the performance of an investment index. Eric Steigerwalt, the president of Brighthouse, talked about the new IUL product today, during a conference call Brighthouse held to go over the company’s earnings for the fourth quarter of 2018 with securities analysts.” LTC Comment
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Categories: Clippings, Industry News, and Long-Term Care.

“Announcing the Minority Aging Statistical Profiles,” Administration for Community Living”

February 13, 2019 | by | Comments Off on “Announcing the Minority Aging Statistical Profiles,” Administration for Community Living”

“Announcing the Minority Aging Statistical Profiles,” Administration for Community Living “The older population is becoming more racially and ethnically diverse as the overall minority population in the U.S. experiences greater longevity. Racial and ethnic minority populations have increased from 6.9 million in 2006 (19% of the older adult population) to 11.1 million in 2016 (23% of older adults), and are projected to increase to 21.1 million in 2030 (28% of older adults). This page provides information on minority older adults in the U.S. For additional information, visit the Profile of Older Americans. Statistical Profiles African Americans Age 65+ American Indians and
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Categories: Clippings, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Wisconsin (Pre-PCS, Choice 1)

February 13, 2019 | by | Comments Off on In-Force Rate Action Announcement: Wisconsin (Pre-PCS, 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. Wisconsin has now allowed the following increases: Wisconsin Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Pre-PCS 39% 99% Choice 1 55% 72%       This rate increase applies to non-AARP, non-partnership policies for Choice 1 policies issued on or after 1/1/2002. Communications Timeline Servicing agents will receive a list
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Categories: Genworth, Industry News, and Long-Term Care.

A.M. Best Affirms Mutual of Omaha’s Financial Rating

February 12, 2019 | by | Comments Off on A.M. Best Affirms Mutual of Omaha’s Financial Rating

A.M. Best performed their annual rating committee review on Mutual of Omaha and affirmed our financial strength rating of A+ (Superior) with a stable ratings outlook. The ratings reflect Mutual of Omaha’s balance sheet strength, which A.M. Best categorizes as very strong, as well as our strong operating performance, favorable business profile and appropriate enterprise risk management. Mutual of Omaha’s favorable business profile is anchored by its diversification of products and our multiple distribution channels leading to our capitalization level being very strong and considered favorable relative to our peers. For more information regarding our Financial Strength, please visit www.mutualofomaha.com.
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Legacy Rate Adjustments Effective May 1, 2019

February 12, 2019 | by | Comments Off on Legacy Rate Adjustments Effective May 1, 2019

Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha and we intend to remain a key player in this market for years to come. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective May 1, 2019: Block of Business Impacted States LT50, NH50, HCA, LTA and NHA Virginia     For a complete
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Genworth Long Term Care Underwriting: Write it Right Webinar | 2/26/19

February 11, 2019 | by | Comments Off on Genworth Long Term Care Underwriting: Write it Right Webinar | 2/26/19

Genworth Long Term Care Underwriting: Write it Right Webinar    • Tuesday, February 26, 2019 at 11:00 AM Eastern / 12:00 PM Central Join us for a webinar where you will hear from Genworth’s Underwriting Managers Amy Chambers and RG McGann. This webinar is designed to help you with tips to increase your placement rates.   Tuesday, February 26, 2019 at 11:00 AM Eastern / 12:00 PM Central   Register using the link above. Seating is limited. Genworth will not be recording the call. After registering, you will receive a confirmation email containing information about joining the webinar.   #goldencareagent
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Categories: Genworth, Industry News, and Long-Term Care.

Genworth Financial Announces Fourth Quarter 2018 Results

February 11, 2019 | by | Comments Off on Genworth Financial Announces Fourth Quarter 2018 Results

02/05/19 Fourth Quarter Net Loss Of $329 Million And Adjusted Operating Loss Of $291 Million Full Year Net Income Of $119 Million And Adjusted Operating Income Of $179 Million RICHMOND, Va., Feb. 5, 2019 /PRNewswire/ — All Required U.S. Insurance Regulatory Approvals Have Been Received For The Proposed Transaction With China Oceanwide Holdings Group Co., Ltd (Oceanwide) Oceanwide Merger Agreement Deadline Extended To March 15, 2019; In Discussions With Canada Regarding National Security Matters Including Customer Data Protection U.S. Mortgage Insurance (MI) Full Year Adjusted Operating Income Of $490 Million, Increased 58 Percent Compared To 2017 U.S. MI’s PMIERs1 Sufficiency
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Categories: Genworth, Industry News, and Long-Term Care.

Good News | Invite Your LTCi Applicants to use Omaha’s Scheduling Portal

February 6, 2019 | by | Comments Off on Good News | Invite Your LTCi Applicants to use Omaha’s Scheduling Portal

                Scheduling Telephone Interviews Just Got Easier! Thanks to Mutual of Omaha’s new online scheduling portal, LTCi applicants can schedule a telephone interview at their convenience. The portal is available day or night, even on weekends and holidays. Now your clients won’t be waiting for a call from an unknown, toll-free number. Interviews can be completed sooner, which can shorten the underwriting process and help prevent cases from becoming inactive. Mutual of Omaha has updated the Next Steps in the Application Process flyer to help you explain this new option to your clients.
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Categories: GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

TOMORROW! Don’t miss our special LTCi Tax Advantages presentation

February 6, 2019 | by | Comments Off on TOMORROW! Don’t miss our special LTCi Tax Advantages presentation

  Tomorrow! Special Webinar With Tom Fridrich – LTCi Tax Advantages Join us Thursday, February 7th at 11 a.m. Central Time as Mutual of Omaha’s Advanced Markets Specialist, Tom Fridrich, discusses the tax-saving potential of a traditional LTCi policy. Just in time for Tax Season, this webinar will bring you up-to-speed so you can advise your LTCi clients of the tax deductibility of their premiums! SPECIAL: The Unique Tax Advantages of Traditional LTCi Thurs, Feb 7, 2019 11:00 AM  to  11:45 AM CST Reserve your space now – seats are limited! Questions? Call our Marketing Team at 800-842-7799! Read Full
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Categories: GoldenCare News, Industry News, and Long-Term Care.

“Longevity, Life Expectancy & The Long Run”

February 6, 2019 | by | Comments Off on “Longevity, Life Expectancy & The Long Run”

“Longevity, Life Expectancy & The Long Run,” by Tania Slade, Advisor Magazine “BMO Wealth Management wanted to know how Americans are thinking about this increased longevity, so we conducted a survey of more than 500 Americans aged 55 and older to explore their views on aging and their top concerns tied to family and wealth. … The study shows that Americans’ top concerns about living a long life include health problems and costs, becoming a burden on family, and maintaining financial security. And more importantly, far more aging Americans would most like to be remembered for the values they lived by
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Categories: Clippings, Industry News, and Long-Term Care.