Transamerica’s www.taltc.com will undergo maintenance on Wednesday, May 23 between the hours of 6:00 AM CST to 7:00 AM CST. All website functionality will be temporarily unavailable during this maintenance window. Transamerica Agent Website Maintenance #goldencareagent #transamerica
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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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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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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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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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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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EssentialLTC Partnership Policy Available In 7 Additional States May 23rd
National Guardian Life Insurance Company (NGL) is pleased to announce that effective May 23, 2018, the EssentialLTC policy will now be available as a partnership policy in the following seven states: Alabama Colorado Nebraska Wyoming Arkansas Louisiana Tennessee Applications submitted in these states which are dated May 23, 2018 and after require additional application forms. The new application forms for each state will be available via the Agent Resource Center on May 23, 2018. The additional forms must be utilized for all applications received June 1st, 2018 and after. Determination of Partnership Eligibility EssentialLTC policies issued in one of these
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Genworth to Suspend Sales of Long Term Care Insurance in Montana
Genworth continuously monitors, examines and manages our business to help ensure we are offering products that are priced to balance consumer needs with our desire to achieve long-term profitability. As a result, on May 21, 2018, Genworth will suspend sales of individual long term care insurance in Montana. This change will not affect existing policyholders. Transition Rules In order to effect a smooth transition, please note the detailed transition rules below and remember that all licensing and continuing education requirements must be met prior to submitting new business. It is critical to follow the transition rules, as we will
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Genworth and Long-Term Care.
Rate Adjustments Effective August 1, 2018
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 August 1, 2018: Block of Business Impacted States LTC06UI Oklahoma, North Carolina LT50, NH50, HCA, NHA, LTA Arkansas
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Mutual of Omaha: LTC e-App Update
A new feature has been added to the LTC e-App. Based upon feedback, a delete button has been added, allowing you to manage your dashboard by removing a case from your view if the application has not been submitted. Now your dashboard can be clear of any unwanted applications that have not been issued. We hope this makes managing your applications easier. Keep giving us suggestions on anything that would make the e-App better. If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or e-mail sales.support@mutualofomaha.com. LTC e-App Update #goldencareagent #mutualofomaha
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