“U.S. insurers already sell annuities that offer long-term care benefits, and life insurance policies that offer long-term care benefits, or similar benefits. The Long Term Care Innovations Subgroup, a panel of regulators at the National Association of Insurance Commissioners, has talked about the possibility of encouraging the creation of other types of hybrids. The subgroup has suggested that an insurance policy could protect consumers against death or disability when they are young, then turn into long-term care insurance once the insureds are old.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): We have different needs at
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“Cognitive decline after surgery tied to brain’s own immune cells,” by Jeff Norris, ScienceDaily
“After undergoing surgery, elderly patients often experience cloudy thinking that can last for weeks or even months. At one time researchers thought this cognitive decline might be caused by anesthesia, but mounting evidence suggests that heightened inflammation in the brain following surgery is the more likely cause.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Take away: If you’re applying for LTCI, schedule your Minnesota Cognitive Acuity Screen (MCAS) and/or Enhanced Mental Skills Test (EMST) before, not after, your surgery. Cognitive decline after surgery tied to brain’s own immune cells #goldencareagent
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“We May Be About To See A Big Change In How Long-Term Care Insurance Is Priced,” by Howard Gleckman, Forbes
“Genworth, the biggest seller of stand-alone long-term care insurance, is about to ask state insurance regulators for permission to fundamentally revise the way it structures premiums. Instead of holding premiums flat for several years followed by big double-digit rate hikes, it wants to be able to revise premiums annually. In this design, unfortunately called the Annual Rate Sufficiency Model, buyers of new policies would likely see modest, single-digit rate hikes each year or two. If Genworth thinks it is likely to pay fewer claims than expected or if investment income is higher than projected, consumers might even see small rate
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Genworth, Industry News, and Long-Term Care.
Good News | LTC CEO Office, Home and Internet Selling Tools Software
Latest Update Now Available: (Version 8) LTC CEO Office, Home and Internet Selling Tools Software GoldenCare is excited to announce the latest update to our exclusive LTC CEO Office, Home and Internet Selling Tools software. This is the complete sales toolkit, loaded with the most powerful sales and training tools to help you succeed in selling Long-Term Care insurance and other Perfect Portfolio products. What is included in the LTC CEO? Find out how you can get the LTC CEO free of charge. Don’t miss this opportunity to see huge sales success this year! Read Full Good News Article
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GoldenCare Newsletter | April 10, 2017
In this GoldenCare Newsletter Edition From GoldenCare: Join us for Mutual of Omaha and CareShield in-depth product training! Don’t miss our Guest Article “Falls Are Taking a Huge and Rising Toll on Elderly Brains,” by Mike Stobbe, Associated Press. Click Here for our full schedule. Industry Updates: Mutual of Omaha has several updates and announcements. Did you know LTCi quotes can be run quickly on any Apple or Android device? See the Newsletter for details on Quotes on the Go. Sales Professional Access now has a search feature to make it easier to find the information you need! As of
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“To Help Ward Off Alzheimer’s, Think Before You Eat,” by Judith Graham, Kaiser Health News
“Diets designed to boost brain health, targeted largely at older adults, are a new, noteworthy development in the field of nutrition. The latest version is the Canadian Brain Health Food Guide, created by scientists in Toronto. Another, the MIND diet, comes from experts at Rush University Medical Center in Chicago and Harvard T.H. Chan School of Public Health. Both diets draw from a growing body of research suggesting that certain nutrients — mostly found in plant-based foods, whole grains, beans, nuts, vegetable oils and fish — help protect cells in the brain while fighting harmful inflammation and oxidation. Both have
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Update BCBS of Florida Rate Increase Action
We are currently in the process of raising rates on all BCBS of Florida Long Term Care insurance policies. This notice is to inform you that we have received rate approval from the Florida Office of Insurance Regulation and are implementing the rate increase activity in this state. The approved rate increase is age-banded with a 25% increase for insureds with issue ages less than 51 with the increase decreasing linearly to 0% for issue age 80 and over. Commissions will not be paid on the increased premium. A notification letter describing the premium rate increase will be mailed to
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Long-Term Care and MedAmerica.
LTCi Quotes on the Go
Did you know LTCi quotes can be run quickly on any Apple or Android device? Our mobile app is convenient and easy to use whenever the need arises, wherever your client or appointment may be. It’s available for a variety of life and health products, but be sure to update the app regularly. (Even if automatic updates are turned off, notifications will still be received.) DOWNLOAD THE APP TODAY > Requires iOS7 or Android 4.0 and up. CURRENTLY AVAILABLE: > Cancer, Heart Attack and Stroke > Children’s Whole Life > Critical Illness > Guaranteed ADvantage > Guaranteed Universal Life Express > Living Promise > Long-Term Care Insurance > Medicare Supplement
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“Boomerang seniors: Aging adults move to be near Mom or Dad,” by Sharon Jayson, USA Today
“The Joneses are great-grandparents. Yet they’re among a growing group of seniors with a living parent, which means these 21st-century post-retirement years might well include parental caretaking. Expectations are altered amid the new reality of longer life expectancy and growing numbers of aged Americans.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): It’s the double-decker, Club-sandwich generation. Boomerang seniors: Aging adults move to be near Mom or Dad #goldencareagent
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In-Force Rate Action Announcement: New Jersey (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. New Jersey has now allowed our requested increase, and the details of the implementation of this premium change can be found within the announcement. This rate increase also applies to AARP policies. Servicing agents will receive a list of their impacted
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Genworth and Long-Term Care.
