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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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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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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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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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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Next Round of In-force Rate Action Notifications to Take Place in Late December
In late December, we will begin policyholder notifications on the next round of John Hancock and Fortis policies impacted by the in-force rate actions, which will have an effective date beginning with anniversaries on or after March 1, 2017. We will continue the implementation of the 2013 rate increase for John Hancock LTCI individual policies originally issued in Arkansas and Oregon for policyholders who have received an initial “capped” or “phased-in” increase. Also impacted as Fortis LTCI individual policies originally issued in Ohio, Oregon, Nevada and West Virginia. Additionally, we will continue the implementation of the 2010 rate increase for
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“Federal workers cling to long-term care insurance,” by Allison Bell, LifeHealthPRO
“About 172,000 of the affected enrollees made active decisions about their long-term care insurance benefits by the Sept. 30 decision deadline. About 96,000, or 56 percent, chose to keep their monthly premiums the same by accepting a lower level of long-term care insurance coverage. Another 40 percent agreed to pay higher premiums to keep their long-term care insurance coverage the same. Just 3.3 percent chose to stop paying premiums for long-term care insurance coverage. Many of those enrollees still have some coverage from the long-term care insurance program, because they received paid-up ‘nonforfeiture’ coverage when they decided to stop paying
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“Genworth’s CEO On The Future Of Long-Term Care Insurance, Public Coverage, And Going Private,” by Howard Gleckman, Forbes
“Genworth, the biggest seller of long-term care insurance policies in the US, has announced it will be acquired by a Chinese investor, China Oceanwide Holdings. I spoke with Genworth CEO Tom McInerney about the deal, the future of long-term care insurance, and the role of government in covering true catastrophic risk. Here is an edited version of our conversation.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Read this uncommonly candid interview with the Genworth CEO ironically conducted by one of the leading advocates for public policies that would destroy the private LTC insurance business. Thankfully,
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Genworth, Industry News, and Long-Term Care.
“The politics of why long-term care leaders are smiling,” by James M. Berklan, McKnight’s LTC News
“Sometimes when things go wrong, they’re right. Oh, so right. That’s the position long-term care professionals now find themselves in — or at least hope they do. Heading into the Nov. 8 elections, long-term care lobbyists were preparing for an entirely different script from the one they’re now holding. Republicans swept the White House and BOTH chambers of Congress, to the surprise of even the most political of wonks. Like a kid who had found extra presents under the Christmas tree, the American Health Care Association’s lead lobbyist, Clifton J. Porter II, said perspectives changed overnight.” LTC Comment (from Stephen
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“A long-term care plan for clients who have failed to plan,” by Chris Orestis, LifeHealthPRO
“Fortunately, solutions are available to help those who failed to plan. A fast-growing area of long-term care planning is ‘crisis management.’ Strategies are available for financial and legal advisors to help families pay for the costs of long-term care. Among them: settling life insurance policy death benefits into a structured vehicle that will pay for the costs of senior retirement living and long-term care.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Hopefully, more people will choose this option than the far-more-common method of “crisis management” promoted by Medicaid planners: shelter or divest and let welfare
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