We have great news for agents who fax in corrections for new business applications or other policy-related documents to fax number 608.443.5368. People faxing requests will now receive a convenient email confirmation as a fax receipt! Emailed confirmations will be generated between 8 a.m. – 4:30 p.m. CST, Monday – Friday, and will be sent within two hours of receipt of the fax. Is your email address accurate? Take a minute to review your listed email address in your user profile at MyNGLIC.com. Please keep in mind if the application is being faxed a second time: Please check “yes” on
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“Canadian Brain Health Diet Shows Promise in Reducing Risk of Alzheimer’s Disease,” by Patrick Connole, Provider
“Preliminary research by Toronto-based scientists offers further encouragement to the growing field of study that shows ‘brain-friendly’ diets for people approaching middle age or well into their senior citizen years can help reduce the risk of Alzheimer’s disease (AD). Called the Canadian Brain Health Food Guide, the creation seeks to influence individuals and institutions to choose smarter foods like beans, whole grains, and nuts over prepackaged foods lacking in the nutrients scientists say are needed to protect brain cells and stem disease. Preliminary results for the Canadian entry into the brain-friendly field (joining the well-known Mediterranean Diet, among others) produced
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In-Force Rate Action Announcement: Tennessee AARP (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 began to seek premium rate increases on certain Privileged Choice® and Classic Select® policies sold between 2003 and 2012. Subsequently, we received approval for, and implemented, a 12.8% premium increase in Tennessee. 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 2016, we began requesting the
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Genworth and Long-Term Care.
In-Force Rate Action Announcement: Maryland AARP (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. At the time, larger increases were justified, based on projected experience, but rate stability requirements prevented us from requesting the fully justified amount. In 2016, we began requesting the full amount in states that previously allowed our 2013 ask. Maryland has
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Genworth and Long-Term Care.
Good News | 3-in-1 Promotion 4th Quarter Winners
Announcing GoldenCare’s Winners of the 3-in-1 Promotion’s Bonus Cash Drawing (4th Quarter) All of GoldenCare’s Mutual of Omaha Custom Solution LTCi business submitted during the fourth 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 4th Quarter of 2016. (The Bonus Cash Drawing includes 20 prizes, totaling $5,000.) The winners are: $1,000 (one winner) • Sam M. – WI $500 (three winners, one from GoldenCare territory) • Brian A. – WI $250 (six winners, three from GoldenCare territory) • Paul W. – IN • Randy
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“Assisted living occupancy falls to lowest level since 2010,” by Lois A. Bowers, McKnight’s Senior Living
“Occupancy for assisted living in the first quarter of 2017 averaged 87.2%, its lowest level since early 2010, according to data released Wednesday by the National Investment Center for Seniors Housing & Care’s MAP Data Service. The first-quarter rate was down 0.5 percentage points from the fourth quarter of 2016 and down 1.0 percentage points from year-earlier levels.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): ALFs should encourage adult children of residents to plan for LTC with LTCI to help with occupancy long-term. Assisted living occupancy falls to lowest level since 2010 #goldencareagent
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“Regulators Form Long-Term Care Insurer Solvency Team,” by Allison Bell, ThinkAdvisor
“The National Association of Insurance Commissioners has set up a Joint Long Term Care Insurance Task Force. The NAIC’s Health Insurance Committee will run the committee together with the NAIC’s Financial Condition Committee. The task force will start by looking into matters such as LTCI issuer solvency, state LTCI rate regulation procedures, regulation of short-term care insurance policies, and efforts to update the rules for the guaranty funds that protect policyholders against LTCI issuer defaults.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): They’re from the government and they’re here to help us. Regulators Form Long-Term
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Rate Adjustments Effective August 1, 2017 – ME
Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha and we intend to remain a key player in this market for years to come. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective August 1, 2017: Block of Business Impacted States NHA, LTA, HCA, LT50, NH50 Maine For a complete rate
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Rate Adjustments Effective July 1, 2017 – AR, MI, MN, TX
Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha and we intend to remain a key player in this market for years to come. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective July 1, 2017: Block of Business Impacted States NHA, LTA, HCA, LT50, NH50 Arkansas, Michigan, Minnesota, Texas For
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Rate Adjustments Effective July 1, 2017
Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha and we intend to remain a key player in this market for years to come. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective July 1, 2017: Block of Business Impacted States LTC06UI Minnesota, Virginia LTC04G Ohio LTC04I Minnesota For a complete
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