“New AALTCI Guide Explores Section 1035 Exchanges for Long-Term Care Insurance Planning,” by AALTCI Quote: “A new guide exploring the benefits of a 1035 exchange as part of long-term care insurance planning has just been made available by the American Association for Long-Term Care Insurance. The guide is designed to be of value to the millions of older Americans who have a current annuity or life insurance policy but have failed to undertake any long-term care insurance planning. ‘Americans have $2.8 Trillion in annuities that could be repurposed to continue accruing value but now would also provide a tax-free
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“How To Sell LTCi To Millennials For Their Parents”
“How To Sell LTCi To Millennials For Their Parents,” by Susan Rupe, InsuranceNewsNet “Long-term-care insurance is viewed by many as a senior product, with the average purchaser at age 60, according to America’s Health Insurance Plans. But one advisor is finding success selling LTCi to millennials who want to make sure their parents have access to care if they need it. ‘I have five kids in the millennial generation, so I learn from them,’ said Brian Starr, a life and LTCi advisor in Phoenix. Starr’s clients come from all over Arizona, and although he has plenty of clients in
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Reissues – Delivery Requirements and Delivery Period
In July 2017, we announced amendments as an additional delivery requirement to alleviate going back and forth to customers to update and initial forms. Amendments are also used when policies are reissued due to a change in benefits. When there is a change in benefits requested at policy delivery, the policy should not be accepted, delivery requirements should not be signed, and money should not be collected if premium is due. Simply notify New Business via email or phone (see below) of the change(s). We will reissue the policy with all delivery requirements needed, including an amendment for the requested
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Genworth, Industry News, and Long-Term Care.
“Operators Bearish on Future of Standalone Skilled Nursing Facilities”
“Operators Bearish on Future of Standalone Skilled Nursing Facilities,” by Alex Spanko, Skilled Nursing News “Investment banking and advisory firm Lancaster Pollard on Tuesday released the results of its expansive senior housing and care survey, which collected the opinions of executives at facilities across the United States. And the numbers were not upbeat for skilled nursing providers. Of the 4,000 leaders who answered Lancaster Pollard’s call in December, 34% said they had a poor outlook for the economic viability of standalone SNFs over the next three years, with an additional 33% assessing the future as “fair” for the asset class.
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Long-Term Care Sales Ideas Book
If you need to re-energize your LTCi sales, Mutual of Omaha is here to help. The LTCi Sales Ideas book is full of ideas on speaking to clients about LTCi benefits and advice on how to find new clients. The book explains: How to find the right people to talk to How to start the conversation Talking points that address the need for LTCi Describes the benefits offered in the policy To have a look at the Sales Ideas book, click here or click on the image below: Mutual of Omaha’s Long-Term Care Sales Ideas book is now available on
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Updates to NGL’s email encryption
Beginning Tuesday, February 13, the first time you receive a secure, encrypted email from NGL you will need to register to view that email. NGL sends secure emails if sensitive information is included. If you previously registered, you will need to register again due to this being a new encryption provider. Benefits of the new email encryption: Clear, easy to read email alerting you of a secure email. Ability to open and read on cell phones. Option to save the password on your device to automatically open subsequent secure emails from NGL. You only need to register your device once.
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March 1 authentication nearing, Check your listed email
Extra data protection beginning March 1, Check your login email address today! NGL is happy to be taking extra measures to provide an extra layer of data protection for you and your clients! Soon you will be asked to complete a one-time authentication of your device(s) prior to logging into MyNGLIC.com. You may have already head this experience with other companies such as your bank or email provider; the industry term for this process is Multi-Factor Authentication. What is Multi-Factor Authentication? Multi-Factor Authentication (MFA) is a method of computer access control in which a user is granted access
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GoldenCare Newsletter | February 12, 2018
In this GoldenCare Newsletter Edition From GoldenCare: Diversify your portfolio for greater sales success! Our new training schedule is posted! Join us for complimentary product and sales training and receive a Continuing Education Voucher for each unique event! Voucher does not apply in KY. Keep an eye out for an upcoming sales training webinar event featuring a special LTC Industry Expert speaker! To reserve your seats, Click Here. Our Guest Article in this edition is “LTC Insurance Payouts Increased 6 Percent In 2017,” by Jadah Riley, Financial Advisor. Enjoy! Compliance: Holiday Telephone Solicitation Bans for the month of February. Industry Updates:
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“Here’s the Latest on What Healthcare Will Cost in Retirement — and It Isn’t Pretty”
“Here’s the Latest on What Healthcare Will Cost in Retirement — and It Isn’t Pretty,” Maurie Backman, The Motley Fool “Buy long-term care insurance While reading up on Medicare and saving aggressively will put you in a better position to cover your healthcare costs in retirement, there’s one more piece of the puzzle: long-term care insurance.” “And if you think the above healthcare spending numbers are out of control, wait till you see what long-term care might run you. If you come to need an assisted living facility, you’ll spend roughly $43,500 per year. And if you wind up needing
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“Americans Will Struggle to Grow Old at Home”
“Americans Will Struggle to Grow Old at Home,” by E. Tammy Kim, Bloomberg Businessweek Eighty million people in the U.S. will be 65 or older within a few decades, compared with around 50 million today, and, according to surveys conducted by AARP Inc., the desire to grow old at home is almost universal. Most who do so will need help with daily tasks and will exhaust the ability of family and friends to cook and clean, bathe and dress, and run errands. When Americans look for paid help, they’ll find their national infrastructure convoluted and wanting. It’s a problem the
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