Busting LTCI Myths

Whether you’re starting a new LTC conversation with your clients during Long Term Care Awareness Month or revisiting the topic, LifeSecure offers several tools that can help you introduce this important topic – like our Common Myths flyer and our new LTC Myth vs. Reality infographic. Many people think that their health insurance or Medicare will cover the cost of LTC when it’s needed. These two resources address this myth and more of the most common misconceptions about LTC coverage, making it a great starting point for an LTC conversation. Busting LTCI Myths #goldencareagent
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Categories: Life Secure and Long-Term Care.

For Your Library: A Guide to Understanding Standalone LTCI

MedAmerica is pleased to offer agents a guide to understanding standalone LTCI. Every prospect needs to know the advantages and benefits of standalone LTCI. As your client’s Long-Term Care advocate, you can provide that knowledge and be their authority. Start Download #goldencareagent
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Categories: Industry News, Long-Term Care, and MedAmerica.

Next round of in-force rate action notifications to take place in late December

In late December, we will begin policyholder notifications on the next round of John Hancock and Fortis policies impacted by the 2008, 2010, and 2013 in-force rate actions, which will have an effective date beginning with anniversaries on or after March 1, 2016. The 2013 rate action notifications will include John Hancock LTCI individual policies originally issued in Arkansas, Kentucky, and Oregon. Also impacted are policies in New Mexico where, for most products, we will continue the implementation of the 2013 rate increase for policyholders who received an initial “capped” increase, and begin the implementation for other products. Fortis LTCI
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Categories: John Hancock and Long-Term Care.

It’s time to unwrap your new LTCI opportunity.

Your time is valuable. But it could be worth even more than you thought. Spending just a little more time on the long term care insurance (LTCI) opportunity could result in big gains for you. In fact, our research shows: Financial professionals get an average of +23 new client referrals as a direct result of offering LTCI – 4.5x more referrals over those that don’t offer it. Sellers also generate almost 4x the median annual premiums of non-sellers. LTCI sellers’ client median assets are almost 2x as much as non-sellers’. It’s time to unwrap your new LTCI opportunity. #goldencareagent
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Categories: Genworth and Long-Term Care.

Performance LTC microsite will be available in New Jersey on December 7th

The Performance LTC microsite will be updated to reflect the addition of New Jersey to states where Performance LTC can be sold. Put yourself at the forefront of the market with Performance LTC – a breakthrough solution for meeting your clients’ long-term care insurance needs. To learn more, visit www.PerformanceLTC.com #goldencareagent
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Categories: John Hancock and Long-Term Care.

Custom Care III featuring Benefit Builder to be discontinued in New Jersey on December 14, 2015

Custom Care III featuring Benefit Builder in New Jersey will be discontinued as of December 14th. Therefore, all Custom Care III featuring Benefit Builder applications must be signed and received in the Home Office no later than December 14th. LTC Captivate 2.0 cases must be signed and submitted through the system no later than December 14th. For your convenience, applications can be faxed into New Business at 800-932-4305 and you may also notify your case manager. #goldencareagent
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Categories: John Hancock and Long-Term Care.

Performance LTC – A New Approach to LTC Insurance – available in New Jersey on December 7, 2015

John Hancock is pleased to announce that Performance LTC – our newest long-term care insurance product will be available in New Jersey on December 7th. Click Here for more details, including transition guidelines. #goldencareagent
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Categories: John Hancock and Long-Term Care.

December 11, 2015: Deadline for Long Term Care New Business Requirements

Genworth’s final commission cycle will be on December 25th 2015 for all Long Term Care Insurance. Requirements for Final Commission Payment All delivery requirements must be received by December 11th, 2015 Applications must be “In Good Order”: All application questions must be answered All signatures and dates completed All requested information provided All regulatory forms completed accurately and received by Genworth All initial and additional medical requirements must be received by Genworth Delivery requirements received after December 11th, 2015 may not be completed before the final commission cycle Commission Payment Cycle Dates Genworth’s Final Commission payment will be processed on
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Categories: Genworth and Long-Term Care.

Update: Simplicity ii Rate Increase Action In North Carolina & Wisconsin

As you are aware, MedAmerica is currently in the process of raising rates on the Simplicity ii product line. This rate action does not affect CareDirections Simplicity®. This notice is to inform agents that they have received approval from North Carolina and Wisconsin, and are implementing the rate increase activity in those states. This is the only notification agents will receive regarding this rate action. MedAmerica will mail notification of the rate increase to affected insureds on November 20, 2015. The new premium amount will be effective as of the insured’s next billing date, following the state required notification timeframe.
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Categories: Long-Term Care and MedAmerica.

“3 types of insurance that can protect your family for years to come,” by Kathleen Elkins, Business Insiders

“While insurance policies are largely personal, and your coverage will evolve along with your life, there are three important types for all families to consider: disability, life, and long-term care insurance. … Unlike disability and life insurance, you’ll never stop needing long-term insurance.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Even more to the point, when you stop needing disability and life insurance is exactly the time you most need LTCI. 3 types of insurance that can protect your family for years to come #goldencareagent
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Categories: Disability Income Insurance, Industry News, Life Insurance, and Long-Term Care.