Rhode Island Secondary Address Form Required After January 1, 2017

Effective January 1, 2017, a secondary addressee form (the Secondary Addressee form – 3333) will be added to Rhode Island application kits and will be available from the Supplies section of the MyNGLIC.com agent website. The addition of this form will help you stay compliant with the state requirement to offer clients the right to a secondary addressee— to designate an additional person to receive notification of possible lapses or cancellation in coverage. Please contact NGL Life Product Support at 800-762-9883 or lifeproductsupport@nglic.com with questions. Thank you. Secondary Addressee form – 3333 #goldencareagent #NGL
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Categories: Long-Term Care and National Guardian Life.

GoldenCare Newsletter | December 19, 2016 Edition

From GoldenCare: Ring in 2017 with our End-Of-Year Grand Finale!  Catch up on all the moves, shake-ups and changes that happened in 2016 and get a jump on your success in 2017. Reserve your seats: Wed, Dec 28, 2016 10:00 AM  to  10:30 AM CST Thurs, Dec 29, 2016 2:00 PM  to  2:30 PM CST Our Guest Article is “The Tax Benefits of Long Term Care Insurance” by Maryalene LaPonsie, U.S. News and World Reports.   Enjoy! Minnesota Life / Securian now has Client Videos on YouTube!  See the newsletter to check out some of their most popular videos. GTL has
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Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, John Hancock, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Holiday Closure, Dec. 26

The Transamerica Long Term Care administrative office in Plano, TX will be closed on Monday, Dec. 26, for the holidays. Please allow additional time if necessary to order and receive materials during that time. Much of the important materials and resources you may need will be continue to be available on our Agent Resource Center. Holiday Closure, Dec. 26 #goldencareagent #Transamerica
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Categories: Industry News, Long-Term Care, and Transamerica.

Reminder: End of Year Pay Schedule

The holidays are quickly approaching, find out end of year pay schedule below for all of the important end-of-year dates. Mutual of Omaha and its affiliates (United of Omaha, Companion Life Insurance Company, and United World) will be closed on the following days: Monday, December 26, 2016 for the Christmas Holiday Monday, January 2, 2017 for the New Year’s Day Holiday The last pay cutoff in 2016 is December 27 for Life and December 23 for Health. This is the last pay cycle to be paid in 2016. Weekly and holiday pay schedules are available on SPA – Go to
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Categories: Critical Illness, Disability Income Insurance, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Requesting Book-of-Business Reports and HIPAA Marketing Authorization

Requesting Book-of-Business Reports Protecting the security and confidentiality of our policyholders’ information is very important to Genworth. Specifically, Genworth and our producers must follow certain rules when handling information related to our policyholders including restricting the transmission or disclosure of that information to the minimum necessary to accomplish the intended purpose. Effective immediately, any request from a BGA or producer for a book-of-business report will no longer be accepted. If a BGA or producer needs a book-of-business report, that information must be obtained from Genworth® PRO. For your convenience, we have included a Producer Reference Guide on how to run
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Categories: Genworth and Long-Term Care.

In-Force Rate Action Announcement: Iowa (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. In September 2013, we announced our intention to seek premium rate increases on certain Privileged Choice® and Classic Select® policies sold between 2003 and 2012. Subsequent to that announcement, we received approval for, and implemented, a 12.8% premium increase in Iowa. At the time, a larger increase was justified, based on projected experience, but rate stability requirements prevented us from requesting the fully justified amount. In
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Categories: Genworth and Long-Term Care.

“What Happens To Long-Term Care If Trump Remakes Medicare and Medicaid?,” by Howard Gleckman, Forbes

“Who will pay for the roughly one of every seven seniors who will incur long-term care costs in excess of $250,000? In today’s system, the answer for many is Medicaid. But, remember, Trump wants to cut the federal share of that program. An alternative: a universal public catastrophic insurance program that would shift some of the burden from Medicaid. My colleagues at the Urban Institute estimate that such a program could reduce Medicaid LTSS costs for those over 65 by one-third. And the insurance industry backs the idea.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
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Categories: Industry News and Long-Term Care.

“My Last Patient,” by David Scheiner, Chicago

“The long-term-care insurance we’d bought a while back paid for a nursing aide for 12 hours a day; she came from 7 a.m. to 7 p.m. I took care of Margaret for the other 12 hours, with the help of Margaret’s two daughters, Valerie and Michelle. But I was on call 24/7. I even placed a baby monitor next to Margaret’s bed so that I could be at her side at a moment’s notice.  …  The fact is, even with the best care and the best insurance, there’s not a system in place in this country to properly manage the
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Categories: Industry News and Long-Term Care.

1099 Tax Form Reminder

It is that time of year when everyone begins to think about tax forms. Please see the following friendly reminders about tax form 1099-MISC, the form used to report miscellaneous income. The 1099-Misc: Is issued to producers with net earnings of $600 or more; It is used to report miscellaneous income, such as income earned as a non-employee, as well as fees, commissions, rents, or royalties paid during the last tax year; May report payments for prizes, awards, legal services, and other non-employee activities. 1099M’s are sent as the same time as the 1099-R’s and 1099-I’s — by January 31,
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Categories: Long-Term Care and National Guardian Life.

Mark Your Calendars: Upcoming Business Hours During the Holidays

Happiest of wishes to you and your family this holiday season! Please see the December 2016 and January 2017 holiday business hours below. Note the year-end cut off time is 5 p.m. on Thursday, December 29. Applications processed after 5 p.m. on the 29th will count for 2017. Happy holidays and thank you for being part of the NGL family! December Thursday, December 22 – Normal business hours Friday, December 23 – Offices closed Monday, December 26 – Offices closed Thursday, December 29 – Closing at 5 p.m. CST,   *2016 Year-end cut off Friday, December 30 – Offices closing at
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Categories: Long-Term Care and National Guardian Life.