Effective immediately, you will be receiving your Broker Compensation Statements in the Excel format as well as the current PDF format you are used to. For those of you who are on daily pay, you may have already noticed of this new enhancement. Your feedback allows us to make changes such as these and remain your carrier of choice. If you have any questions, please contact GoldenCare’s Sales Team at 800-842-7799. Now Available – Broker Compensation Statements in Excel Format #goldencareagent #mutualofomaha > Related: Coming Soon — New Format for Broker Compensation Statements
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Indiana Flooding – Disaster Relief
Disaster Name: Indiana Flooding Area(s) affected: Indiana Counties: Benton, Carroll, Clark, Crawford, Dearborn, Elkhart, Floyd, Fulton, Harrison, Jasper, Jefferson, Lake, Marshall, Ohio, Perry, Pulaski, Spencer, St. Joseph, Starke, Switzerland, Warrick and White. Start date: February 19, 2018 End date: To Be Determined Mutual of Omaha is identifying the customers affected by this event. A special note will be added to these policies in the near future. The grace period will be extended by an additional 60 days on affected policies as well as a special message being added to eService. We need to exercise leniency in dealing with our customers
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Reduce the Burden of Caregiving with Long-Term Care Insurance
If your client’s plan is relying on family to care for them if the need for long-term care services arises, show them that an LTCi policy is a better plan. Being a full or part-time caregiver to a loved one is one of the toughest, most demanding and financially limiting jobs someone can do. Some of the built in benefits of an LTCi policy include home health care, facility care, respite care and hospice care. Having these benefits will help ease the burden of caregiving for family members. To learn more about a better solution than relying on family members,
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In-Force Rate Action Announcement: North Carolina (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. North Carolina has now allowed the following increase: North Carolina Non-AARP Product Series Increase Percentage Privileged Choice 22.4% Classic Select 22.4% North Carolina AARP Product Series Increase Percentage Privileged Choice 22.4% phased 15% / 6.5% compounded Classic Select 22.4% 15% / 6.5% compounded Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to
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Genworth, Industry News, and Long-Term Care.
IMPORTANT: Re-download NGL Rate Calculator
New NGL Rate Calculator Available for iOS (iPhone) and Android, Please Download ASAP A new version of the mobile NGL Rate Calculator for both iOS (iPhone) and Android was just released late Friday (3/9) and should be downloaded immediately. We had discovered a bug in the application that prevents the rates from changing when the user changes the growth rate selected, causing incorrect rates to be displayed. This issue only affects the mobile versions of the rate calculator; the desktop version you may have downloaded and the web version available on MyNGLIC.com are functioning correctly and displaying the correct rates.
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Genworth eSuites Demo Webinar Next Thursday, 3/22
eSuites Demo Day Thursday, March 22 at: • 11:00 AM Eastern / 10:00 AM Central • 3:00 PM Eastern / 2:00 PM Central Genworth’s eSuite of New Business Tools provides a paperless solution for the entire selling process. Initially, our eSuite will include updated quoting, an electronic application, eSignature capability and the ability for you to schedule your clients’ underwriting interview. Currently, 25% of our applications are coming in via eSuites. Join us to see what the buzz is about! The call will not be recorded, attendance is limited. Genworth eSuites Demo Webinar Next Thursday, 3/22 #goldencareagent #genworth
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Genworth and Long-Term Care.
NGL – EssentialLTC News
Thank you for your continued advocacy of long term care insurance solutions for your clients. Your support and feedback inspires us to innovate new approaches to an evolving marketplace. As such, we want to share some of our current and ongoing initiatives: eApp: The NGL LTCi team has been working hard behind the scenes to help make submitting new business easier, more efficient and more profitable for you. Coming soon, we will introduce our new eApp process which will streamline the way you submit your LTCi applications to us. Stay tuned for more information and the official release date!
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The Cost of Waiting to Buy LTCi
We know your clients are busy. Between work and family, who has time to think about long-term care insurance? But waiting to buy an LTCi policy may cost your clients in the long run. If you have clients who are waiting to buy LTCi, they may become uninsurable or it may be unaffordable by the time they purchase. Let your clients know the importance of not putting off this decision. To learn more about the cost of waiting, click here. Please contact Mutual of Omaha if you have any questions: (800) 693-6083 or sales.support@mutualofomaha.com. The Cost of Waiting to
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“Letting an LTC insurance policy lapse”
“Letting an LTC insurance policy lapse,” by Karin Price Mueller, nj.com Quote: “Q, My husband and I are 84 and 85 and we have had long-term care insurance for 17 years. The premiums are going up too much and we are on a fixed income, earning a little over $30,000 a year. We have a good amount of other assets, and we’re trying to decide if we should keep the insurance or cancel it. — Tough decision A. As you know, long-term care insurance can be a very important part of your financial plan. You shouldn’t let the policy lapse without serious
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“CMS allots $30M for new quality measures”
“CMS allots $30M for new quality measures,” by Marty Stempniak, McKnight’s LTC News Quote: “The Centers for Medicare & Medicaid Services is asking skilled nursing facilities and other providers to help develop better quality measures — and the agency is earmarking $30 million to sweeten the deal. CMS officials said they want to work hand-in-hand with SNFs, along with doctors, hospitals and patients to flesh out those new measures, which are part of the Merit-based Incentive Payment System, according to the announcement. … SNFs and other stakeholders have until May 2 to apply for grant funding, with awarding of the
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