“National summit leads to 700 dementia recommendations”

“National summit leads to 700 dementia recommendations,” by Kimberly Marselas, McKnight’s LTC News Quote: “Participants in a national research summit have recommended nearly 700 new strategies for understanding dementia, working toward a cure and supporting people who have it. … The findings, updated online Wednesday, summarize last year’s National Research Summit on Care, Services, and Supports for Persons with Dementia and their Caregivers held at the National Institutes of Health. … Specific ideas to accelerate the development, evaluation, translation, implementation, and scaling up of comprehensive care and supports were broken out into 12 themes ranging from disease stages to settings
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Categories: Clippings, Industry News, and Long-Term Care.

“How to Protect Yourself and Your Family From Long-Term Care Insurance Scams”

“How to Protect Yourself and Your Family From Long-Term Care Insurance Scams,” by Brian O’Connell, The Street Quote: “Long-term care insurance consumers — usually upper-middle age and older Americans — face enough hurdles in finding the best policies. Complicated contracts, high fees and charges, and booming premiums await any long-term care insurance buyer. On top of that lurks another, more sinister issue for buyers, and it’s one of the worst forms of elder fraud — long-term care insurance fraud. It’s a big problem, given the skyrocketing costs of long-term care services these days, and the burgeoning need for long-term care
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Categories: Clippings, Industry News, and Long-Term Care.

“AP-NORC Poll: Young adults feel stress of long-term care”

“AP-NORC Poll: Young adults feel stress of long-term care,” by Emily Swanson, Sacramento Bee Quote: “Most young adults haven’t given much thought to their own needs as they get older, but a significant number are already providing long-term care for older loved ones, according to a new poll by the Associated Press-NORC Center for Public Affairs Research. … According to the poll, a third of American adults under age 40 have already provided care for an older relative or friend, and another third expect to be called upon to do so within the next five years. … Only 16 percent
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Categories: Clippings, Industry News, and Long-Term Care.

Memorial Day Office Closing 2018

Mutual of Omaha and its affiliates (United of Omaha and United World) will be closed on Monday, May 28th for Memorial Day. We will also be closed Wednesday, July 4th for Independence Day. Below are the cut-off dates and times and the adjusted pay schedules. Holiday Pay Calculation Schedule Med Supp E-App & All Life Cutoff 3:00 PM Health Cutoff 3:00 PM Long Term Care Cutoff 3:00 PM Direct Deposit (EFT) Available Memorial Day, Monday 5/28/18 Tuesday 5/29/2018 Tuesday 5/29/2018 Friday 5/25/2018 Friday 5/25/2018 Friday 6/1/2018 Independence Day, Wednesday 7/4/2018 Monday 7/2/2018 Monday 7/2/2018 Friday 6/29/2018 Friday 6/29/2018 Friday 7/6/2018
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Categories: Accident Insurance, Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

In-Force Rate Action Announcement: Montana (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. Montana has now allowed the following increase: Montana Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Choice 1 12.9% 12.9%       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.
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Categories: Genworth and Long-Term Care.

DELAYED: In-Force Rate Action Announcement: Connecticut (Choice 1)

The in-force rate action implementation for Connecticut Choice 1 (see below) is delayed until further notice. This rate increase was previously announced on 4/30/2018. No premium increase notifications were mailed to impacted policyholders. Once new implementation dates are established we will: Distribute a new bulletin Re-send agent notifications with updated policyholder lists Inform you when policyholder premium increase notifications begin We sincerely apologize for the inconvenience. If you have any questions, please call Genworth’s Customer Service Team at 877-710-0817. * * * * * * * * * * * * * * * * * * * * *
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Categories: Genworth, Industry News, and Long-Term Care.

Beneficiary Designation for Long Term Care Insurance

Privileged Choice® Flex 3 has the following Benefit. Refund of Premium up to Age 65 — If the policyholder dies before age 65, their policy is in-force, and their policy is not being continued under any Non-forfeiture Option, premium they have paid over the lifetime of their policy will be refunded to their beneficiary less any claims paid. Beneficiary Designation forms are available for use with this product. For states other than NY:  37749 03/07/16 For NY:  37749NY 03/16/17 The Beneficiary Designation for is recommended by not required. It allows the Applicant to name a beneficiary so it is clear
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Categories: Genworth, Industry News, and Long-Term Care.

Settlers Life & National Guardian Life

The new my.settlerslife.com is LIVE! It’s official, the new and improved my.settlerslife.com Partner Portal is live! IMPORTANT: Agents who are contracted with both Settlers Life and their parent company, National Guardian Life Insurance Company, will no longer be able to access both NGL and Settlers Life web portals using the same login credentials. The new Settlers Life Partner Portal is no longer connected to www.mynglic.com.     #goldencareagent #ngl
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Categories: Industry News, Long-Term Care, and National Guardian Life.

EssentialLTC Monthly Modal Factor Lowered in 38 States

EssentialLTC – Monthly Modal Factor utilized to determine monthly premium is being lowered in 38 states Effective May 23, 2018, the modal factor utilized to determine the monthly premium amount for the EssentialLTC product is being lowered in 38 of the states where the EssentialLTC product is currently available. The change will be from a current factor of .095 to a new factor of .0875. This change will occur in the following states: Alaska Iowa Michigan New Hampshire Pennsylvania Vermont Alabama Kansas Minnesota New Mexico Rhode Island Virginia Arkansas Kentucky Mississippi North Carolina South Carolina Washington Colorado Louisiana Missouri Ohio
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Categories: Industry News, Long-Term Care, and National Guardian Life.