Performance LTC – A New Approach to LTC Insurance – available in New Jersey on December 7, 2015

John Hancock is pleased to announce that Performance LTC – our newest long-term care insurance product will be available in New Jersey on December 7th. Click Here for more details, including transition guidelines. #goldencareagent
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Categories: John Hancock and Long-Term Care.

December 11, 2015: Deadline for Long Term Care New Business Requirements

Genworth’s final commission cycle will be on December 25th 2015 for all Long Term Care Insurance. Requirements for Final Commission Payment All delivery requirements must be received by December 11th, 2015 Applications must be “In Good Order”: All application questions must be answered All signatures and dates completed All requested information provided All regulatory forms completed accurately and received by Genworth All initial and additional medical requirements must be received by Genworth Delivery requirements received after December 11th, 2015 may not be completed before the final commission cycle Commission Payment Cycle Dates Genworth’s Final Commission payment will be processed on
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Categories: Genworth and Long-Term Care.

Update: Simplicity ii Rate Increase Action In North Carolina & Wisconsin

As you are aware, MedAmerica is currently in the process of raising rates on the Simplicity ii product line. This rate action does not affect CareDirections Simplicity®. This notice is to inform agents that they have received approval from North Carolina and Wisconsin, and are implementing the rate increase activity in those states. This is the only notification agents will receive regarding this rate action. MedAmerica will mail notification of the rate increase to affected insureds on November 20, 2015. The new premium amount will be effective as of the insured’s next billing date, following the state required notification timeframe.
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Categories: Long-Term Care and MedAmerica.

“3 types of insurance that can protect your family for years to come,” by Kathleen Elkins, Business Insiders

“While insurance policies are largely personal, and your coverage will evolve along with your life, there are three important types for all families to consider: disability, life, and long-term care insurance. … Unlike disability and life insurance, you’ll never stop needing long-term insurance.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Even more to the point, when you stop needing disability and life insurance is exactly the time you most need LTCI. 3 types of insurance that can protect your family for years to come #goldencareagent
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Categories: Disability Income Insurance, Industry News, Life Insurance, and Long-Term Care.

End-of-Year Office Closings

It’s that time of year already! Below is our scheduled office hours for the upcoming holidays. Thursday, November 26: CLOSED Friday, November 27: 8:00 a.m. – 2:00 p.m. Central Time Thursday, December 24: 8:00 a.m. – 2:00 p.m. Central Time Friday, December 25: CLOSED Thursday, December 31: 8:00 a.m. – 5:00 p.m. Central Time Friday, January 1: CLOSED End-of-Year Office Closings #goldencareagent
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Categories: Long-Term Care and Transamerica.

Rate Adjustments Effective February 1, 2016

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 February 1, 2016: Block of Business Impacted States NHA, LTA, HCA, LT50, NH50 Louisiana LTC06UI North Dakota LTC04G Alaska, District
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Categories: Long-Term Care and Mutual of Omaha (& Affiliates).

Driving Consumer Awareness and Interest

Many of your clients may rely on false notions when it comes to long-term care. It can be easier to think that other insurance will cover long-term care expenses or that government programs will pay the bills. Or, that they can pay out of pocket if care is ever needed. A great way to help your clients start thinking about long-term care is to provide them with the facts. “The ACTUAL cost of private nursing home care averages $94,200 annually2, according to a John Hancock Cost of Care Study.” Our Long-Term Care Quiz can help. It poses some basic questions
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Categories: Industry News, John Hancock, and Long-Term Care.

For Your Library: Long Term Care Awareness Social Media & Email Resources

MedAmerica is pleased to offer agents some LTC Awareness goodies for social media & email. Help spread the word! Download these complimentary social media and email images to up your LTC Awareness Month campaign. Start Download #goldencareagent
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Categories: Industry News, Long-Term Care, and MedAmerica.

Making the most of your opportunities

John Hancock has been conducting long-term care surveys since 1996 to better understand how consumers view the issues surrounding long-term care and how they plan to manage a long-term care situation if it ever happens to them. Our 2015 survey focuses on Baby Boomers, many of whom are already retired or are starting to think about it. “The majority of these respondents do not yet have a formal plan in place. This represents a tremendous opportunity.” Our 2015 Long-Term Care Survey will provide you with the insights you need to effectively communicate the value of long-term care insurance as a
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Categories: Industry News, John Hancock, and Long-Term Care.

Partnership in Minnesota at 2% Compound for All Ages Takes Effect at Genworth

Genworth is committed to providing long term care solutions with flexible options and strong benefits that meet the diverse needs of today’s families. Privileged Choice® Flex 3 (Flex 3) is a Partnership qualified product in Minnesota. Minnesota issued a regulation effective July 1, 2015 that permitted Genworth’s 2% compound inflation protection option to be Partnership qualified. As of November 16, 2015 2% compound inflation protection will now be available in Minnesota Partnership for all ages. For details on how policyholders are affected, and what the long term care partnership is, read the press release below: Partnership in Minnesota at 2%
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Categories: Genworth and Long-Term Care.