In-Force Rate Action Announcement: Oklahoma (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. Oklahoma has now allowed the following increases: Oklahoma Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Pre-PCS 10% 10% PCS I 10% 10% PCS II 10% 10%       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
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Georgia (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. Georgia has now allowed the following increases: Georgia Product Series Increase Percentage Privileged Choice 18% Classic Select 18%     This rate increase applies 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 December 11, 2018 and will continue throughout the next
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Connecticut (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. Connecticut has now allowed the following increases: Connecticut Product Series Increase Percentage Privileged Choice 15% Classic Select 15%     This rate increase applies 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 December 11, 2018 and will continue throughout the next
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Arizona (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. Arizona has now allowed the following increases: Arizona Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods PCS II 4% 38% Choice 1 7% 12%       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
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Categories: Genworth, Industry News, and Long-Term Care.

“Paying for Long-Term Care: How It’s Changing”

“Paying for Long-Term Care: How It’s Changing,” by Amy Fontinelle, Investopedia “Insurance companies are trying to change that. ‘If I had to summarize a single technique being employed by all the major players, it’d be a convergence around smaller benefits,’ says Stephen D. Forman, CLTC, senior vice president of Long Term Care Associates, an insurance agency in Bellevue, Wash. Smaller policies are the way for insurers to reach the middle-market consumer, so insurers are offering policies with lower limits and more-flexible premium payment periods. Programs in the research and pilot stages include one that starts as a term life insurance
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Categories: Clippings, Industry News, and Long-Term Care.

United Security Assurance – LTC Word Search

LTC Word Search It is good to just take a break from the normal routine of things once in a while, so we thought we would have a little fun with a quick word search puzzle. The objective of a word search puzzle is to find hidden words in a grid of jumbled letters. These puzzles are a great way to build mental strength and have a little fun. Find the words, related to long term care:     United Security Assurance – LTC Word Search   #goldencareagent #unitedsecurity
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Categories: Industry News and Long-Term Care.

Tools to Help Build Your Business

LTC Awareness Month may have ended, but we’re committed to helping you build your business all year long. Check out some of the tools that make it easy for you to sell our traditional LTCi products. e-App We make it fast and easy to submit your LTCi applications online. You’ll save time and effort because our e-App ensures you’re using the right forms. You can also be confident your app is completed in its entirety before you hit “submit”. Use the LTC e-App →   (Login required)   Mobile Quotes Get quotes on your smartphone or tablet wherever you are,
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Good News | Detailed Infographic Compares Long-Term Care Facility Team

                Detailed Infographic Compares Long-Term Care Facility Types November is Long-Term Care Awareness Month, and all month we’ve been emphasizing the importance of beginning the LTC planning conversation. But do your clients understand how Assisted Living Facilities and Nursing Home Facilities differ? A detailed infographic was recently made available on SkilledNursingFacilities.org that will help to distinguish the differences! Click below to view. Long-Term Care: A Comparison of Assisted Living and Nursing Homes Read Full Good News Article Questions? Call the GoldenCare Marketing Team at 800-842-7799! Don’t forget to subscribe to our News Digest
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Categories: GoldenCare News, Industry News, and Long-Term Care.

“Generational Wealth Transfer to Hit $68 Trillion Over 25 Years: Cerulli”

“Generational Wealth Transfer to Hit $68 Trillion Over 25 Years: Cerulli,” by Marlene Satter, ThinkAdvisor “In 25 years, Generation X will replace baby boomers as the biggest wealth wielders. That’s according to a Cerulli report that predicts the transfer of a total of $68 trillion in wealth over the next quarter century by nearly 45 million households. According to the report, U.S. High-Net-Worth and Ultra-High-Net-Worth Markets 2018: Shifting Demographics of Private Wealth, boomers will account for close to 70% of those households, shifting approximately $48 trillion. … Cheses added, “Gen Xers stand to be the primary beneficiary of wealth transferred
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Categories: Clippings, Industry News, and Long-Term Care.

Include LTCi in Retirement Planning

Most people understand the need for retirement planning. But your clients may not be thinking about how they would pay for LTC services if needed in the future. A MutualCare Solutions long-term care insurance policy may be what your clients need to complete their retirement plan. Our policies cover basic needs like housekeeping and grocery shopping to care in an assisted living center or nursing home. And, the money your clients have saved can be used to enjoy retirement or set up a college fund for grandkids. Talk to your clients who may be planning for retirement. Let them know
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).