New Wisconsin Third Party Designee Notice

Effective immediately, notifications will be sent to policyholders in the state of Wisconsin and their designated third party when a new policy is issued, or when the policyholder changes their designated third party. The notice instructs the person to correct their name and address if needed, and explains their rights and duties as a designated person. A copy of the notice is also sent to the producer. If you have any questions, contact Mutual of Omaha’s Long-Term Care Service Office at 877-894-2478.
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Categories: Long-Term Care and Mutual of Omaha (& Affiliates).

“More LTC Policy Collapses,” by Ben Mattlin, Financial Advisor

“In early December, two insurance units of Allentown, Pa.-based Penn Treaty American Corp. that focused on long-term care (LTC) became the latest in a series of LTC insurers to declare failure. Though relatively small carriers, their liabilities were estimated to be dauntingly large” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Article cites Center friend Brian Gordon of corporate member MAGA.  When contemplating Penn Treaty’s fate, it’s important to consider the federal government’s “unsustainably low premiums,” “reckless underwriting standards,” and unfunded liabilities for Social Security, Medicare and Medicaid, somewhat larger and more vulnerable LTC payment sources
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Categories: Industry News and Long-Term Care.

“7 clues from the House long-term care insurance hearing,” by Allison Bell, LifeHealthPRO

“Boston-based John Hancock Insurance recently increased premiums for most of the federal workers in the Federal Long Term Care Insurance Program by an average of 83 percent.  Federal employees asked Congress to organize a hearing on the rate hike. Democrats took up the cause. Rep. Mark Meadows, R-N.C., the chairman of the Government Operations Subcommittee, part of the House Oversight and Government Affairs Committee, scheduled a hearing on the matter for Nov. 30.  …  Here’s a look at some of the highlights from the hearing, drawn from a video of the hearing posted on the committee website:” LTC Comment (from
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Categories: Industry News and Long-Term Care.

“Small Insurers’ Big Collapse Reflects Deep Industry Woes,” by Leslie Scism, Wall Street Journal

“Two insurance units of Penn Treaty American Corp., which have combined assets of about $600 million and projected long-term-care claims liabilities topping $4 billion, are on track to be liquidated early next year, according to filings in a state court in Harrisburg.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Long, depressing process playing out finally. Article quotes Chief Actuary Vincent Bodnar of Center corporate member LTCG. Small Insurers’ Big Collapse Reflects Deep Industry Woes Reminder: The Wall Street Journal is gated. #goldencareagent
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Categories: Industry News and Long-Term Care.

“Alzheimer’s screening that takes 5 minutes?,” by John O’Connor, McKnight’s Senior Living

“Neurotrack Technologies has announced the unveiling of an app that can conduct Alzheimer’s screenings in as little as five minutes.  Here’s how it works: A browser-based app screens users for signs of cognitive decline based on eye movements as they observe several images. This approach offers a quicker alternative to tests that can take a half hour to complete in a physician’s office, according to the firm.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Field underwriting tool?   Alzheimer’s screening that takes 5 minutes? #goldencareagent
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Categories: Industry News and Long-Term Care.

Good News | We’re Mutually Invested in Long-Term Care

We’ve built a business on helping people. You have, too. For three decades, Mutual of Omaha has been dedicated to helping people protect their families, their finances and their futures with LTCi. As our partner, you carry that message to your customers. We appreciate that. And we want you to know that we’re here to help any way we can. Click below to check out some new things we have planned for 2017. We’re Mutually Invested in LTC Click here to add Mutual of Omaha products to your appointments. If you have questions or need additional information, please call us
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Categories: GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

We’re Mutually Invested in LTC

We’ve built a business on helping people. You have, too. For three decades, Mutual of Omaha has been dedicated to helping people protect their families, their finances and their futures with LTCi. As our partner, you carry that message to your customers. We appreciate that. And we want you to know that we’re here to help any way we can. Click below to check out some new things we have planned for 2017. We’re Mutually Invested in LTC #goldencareagent #MutualOfOmaha
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Categories: Long-Term Care and Mutual of Omaha (& Affiliates).

GoldenCare Newsletter | December 5, 2016 Edition

From GoldenCare: We’ve added exciting new products and new carriers.   Take a few minutes and update your contracts.  It’s fast and easy! Join us for product training and if you haven’t already received your copy of LTCCEO Office, Home and Internet Selling Tools, find out how to get yours free! The winners of our 2nd Quarter 3-in-1 Promotion Bonus Cash Drawing have been announced!   See the winners in the Newsletter and get your apps in to finish off the year with a Cash Bonus, see the Newsletter for promo details.   Happy Selling! It’s that time again! Ring in 2017 with
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Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Good News | GoldenCare’s Winners of the 3-in-1 Promotion’s Bonus Cash Drawing (2nd Quarter)

  Announcing GoldenCare’s Winners of the 3-in-1 Promotion‘s Bonus Cash Drawing (2nd Quarter) All of GoldenCare’s Mutual of Omaha Custom Solution LTCi business submitted during the second quarter of our 3-in-1 Promotion  has been finalized! We are pleased to announce the GoldenCare winners of the Bonus Cash Drawing for the 2nd Quarter of 2016. (The Bonus Cash Drawing includes 20 prizes, totaling $5,000.) The winners are: $1,000 (1 winner) • Paul W. – IN   $500 (three winners, one from GoldenCare territory) • Cliff M. – WI   $250 (six winners, three from GoldenCare territory) • Sam R. – TN
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Categories: GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

MutualCare® Solutions Product and Underwriting Guide Revised

The updated MutualCare® Solutions Product and Underwriting Guide (172559) is now available to navigate you through the field underwriting process. We want to help you manage your client’s expectations and your interaction to be a positive one. We have highlighted some of the changes below: Underwriting Guidelines: Page 25 – Stroke / PVD was added as an uninsurable combination Page 42 – Added Power of Attorney to Medical Impairments Completing the Application: Page 51 – Step 11: Producer Statement/Conditional Premium Receipt updated to reflect the abaility now to support a maximum of “three”  producers completing this section Page 52 –
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Categories: Long-Term Care and Mutual of Omaha (& Affiliates).