Maryland requires that applicants be provided with a disclosure statement about the Long-Term Care Insurance Partnership Program. “Important Disclosure Statement About the State of Maryland’s Long-Term Care Insurance Partnership Program (201304MD 10/01/17)” will meet this requirement. This point-of-sale disclosure must be provided to the applicant(s) when the application for long-term care insurance is completed. It will be provided with the Applicant Material as a “leave behind” disclosure.   Maryland Partnership — New Disclosure Requirement   #goldencareagent #genworth
Read More

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 Dakota has now allowed the following increase: North Dakota Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Pre-PCS 18% 72.8% phased 20% / 20% / 20% compounded PCS I 72.8% phased 20% / 20% / 20% compounded 72.8% phased 20% / 20% / 20% compounded PCS II 72.8% phased 20% / 20% / 20% compounded
Read More

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 Dakota has now allowed the following increase: North Dakota Product Series Increase Percentage Privileged Choice 72.8% phased 20% / 20% / 20% compounded Classic Select 72.8% phased 20% / 20% / 20% compounded     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
Read More

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. Nebraska has now allowed the following increase: Nebraska Non-AARP Product Series Increase Percentage Privileged Choice 2.0 Privileged Choice 2.1 37.4% 20.0% Classic Select 2.0 Classic Select 2.1 37.4% 20.0%     Nebraska AARP Product Series Increase Percentage Privileged Choice 20.4% phased 15% / 4.7% compounded Classic Select 20.4% 15% / 4.7% compounded     Communications Timeline Servicing agents will receive a list of their impacted policyholders
Read More

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. Iowa has now allowed the following increase: Iowa Product Series Increase Percentage Privileged Choice 17.9% Classic Select 17.9%     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 November 28, 2017 and will continue throughout the
Read More