“Latest Alzheimer’s Flop Raises Doubts About ‘Amyloid Hypothesis’,” by Arlene Weintraub, Forbes “Even after Eli Lilly announced that its experimental Alzheimer’s drug solanezumab had failed in clinical trials in late 2016, it continued investigating its potential in patients at the very earliest stages of the memory-stealing disease. The hope was that if the drug could eliminate soluble amyloid-beta—the protein blamed for the brain plaques that form in patients—Alzheimer’s progression might be stopped, or at least slowed significantly. “That hope has now been dashed. New data from a trial called Expedition3, published in the New England Journal of Medicine, does not
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“GE is under SEC investigation”
“GE is under SEC investigation,” by Matt Egan, CNN Money “GE (GE) said on Wednesday that regulators are investigating a $6.2 billion insurance loss that the company revealed last week. The disclosure is a new and potentially much more serious problem for a company already reeling from missteps and questionable management decisions. The SEC is also investigating the company’s accounting, chief financial officer Jamie Miller told analysts during a conference call. Specifically, she said the agency is looking into “revenue recognition and controls” for the company’s long-term service agreements.” LTC Comment (from Damon V. Moses, President, Administrative Coordinator): Here’s the
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In-Force Rate Action Announcement: Pennsylvania (Pre-PCS, PCS I, PCS II)
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. Pennsylvania has now allowed the following increase: Pennsylvania Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Pre-PCS 0% 10% PCS I 7% 20% PCS II 20% 20% 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
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Genworth, Industry News, and Long-Term Care.
In-Force Rate Action Announcement: Michigan (PCS I, PCS II)
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. Michigan has now allowed the following increases: Michigan Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods PCS I 55% 72% PCS II 55% 72% 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
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Genworth, Industry News, and Long-Term Care.
In-Force Rate Action Announcement: Oklahoma (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. Oklahoma has now allowed the following increases: Oklahoma Product Series Increase Percentage Privileged Choice 10% Classic Select 10% This rate increase applies to both AARP and Non-AARP policies. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications. Policyholder notifications will begin February 6, 2018 and will continue throughout the
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Genworth, Industry News, and Long-Term Care.
In-Force Rate Action Announcement: Maine (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. Maine has now allowed the following increase: Maine Product Series Increase Percentage Privileged Choice 11.5% Classic Select 11.5% This rate increase applies to Non-AARP 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. Policyholder notifications will begin February 6, 2018 and will continue throughout the next year.
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Genworth, Industry News, and Long-Term Care.
In-Force Rate Action Announcement: Delaware (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. Delaware has now allowed the following increases: Delaware Non-AARP Product Series Increase Percentage Privileged Choice 25% Classic Select 25% Delaware AARP Product Series Increase Percentage Privileged Choice 20% Classic Select 20% Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications. Policyholder notifications will begin February 6, 2018
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Genworth, Industry News, and Long-Term Care.
2018 Partnership Minimum Benefit Requirements for Indiana
Each year Indiana revisits its minimum benefit requirements to qualify for its Partnership program. The Total Asset Protection for the Indiana Partnership program has increased from $353,773 in 2017 to $371,462 for 2018. The Benefit Increase Options and Daily or Monthly Minimum requirements remain unchanged as follows: Requirements 2017 2018 Minimum Total Coverage for Total Asset Protection $353,773 $371,462 Minimum Daily Benefit $115 $115 Minimum Monthly Benefit $3,500 $3,500 Benefit Increase Option age 74 and younger 5% Compound 5% Compound Benefit Increase Option age 75 and older 5% Simple 5% Simple Indiana Partnership minimum requirements are based on effective
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Genworth, Industry News, and Long-Term Care.
LTCi Protecting Your Client’s Retirement Assets
When the need for long-term care services arises, having an insurance policy in place to help cover the cost of care may help ensure your client’s retirement assets can remain intact. This added measure of protection may also provide: Control Helps your client avoid the need to liquidate assets to pay for long-term care services, leaving their retirement assets intact for their intended purpose. Flexibility Helps allow your client to maintain the retirement lifestyle they planned while also receiving policy benefits to help pay for the care they need. A Legacy Helps ensure sufficient assets remain in their estate to
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Transamerica Long Term Care Update: NJ Pricing Revision
STATE OF NEW JERSEY PRICING REVISION FOR TRANSCARE® II AND TRANSCARE® III January 24, 2018 Transamerica Life Insurance Company remains committed to you and to the long term care insurance market. As such, it’s important that we modify our premium rates for new TransCare® II and TransCare® III business to reflect actual claims experience by policyholders. These rate changes will also maintain consistency in our pricing across our product portfolio which will allow Transamerica Life Insurance Company to remain highly competitive within the marketplace. These refreshed rates are exclusively for new sales of TransCare® II and TransCare® III in the
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