Tax tools to enable more proactive extended care conversations There are many reasons why clients should create a long-term care strategy. One message that has resonated well with consumers, is on the tax advantages of planning with long-term care insurance. Premiums might be deductible, claims are paid tax-free and some states offer tax incentives for LTCi policyholders. These tools are designed to help you share news on these tax advantages with your clients. LTCi Tax Deductibility Guide Updated with 2024 amounts Many clients are not aware that LTC benefits are paid 100% tax-free, but some or all of the premiums
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Kicking The New Year Off With The Right Conversations
Long-term care insurance is a critically important product line for clients who like to plan ahead. Knowing who those individuals are is key information to help you in your search for new clientele. Here are some things to look for when prospecting new clients: Demographics: 45-65 years old, family-oriented, and members who are exposed to friend or family member who has needed LTC services. Triggers to buy: Planning for retirement, birth of a grandchild, or a love one needing care. How people educate themselves: Family & Friends, their employer, insurance brochures. Use this flyer as a quick reference tool to
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GoldenCare Newsletter | January 8, 2024
Read Full GoldenCare Newsletter, January 8, 2023 Edition In this GoldenCare Newsletter Edition Introducing GoldenCare’s Decline Placement Program! We said we were bringing it in 2024 and here we go! To kick it off, we’re introducing our brand-new sales-saving service! Let’s flip those declines, get your clients coverage, and put more money in your pocket! Join us Thursday morning to learn just how easy it is to save more sales! Thurs, Jan 11, 2024 10:00 a.m. Central Time Guest Article: “Fines suspended for nursing homes that violate minimum staffing law,” byJosh Henreckson, McKnight’s LTC News Diversify your portfolio for greater sales
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Good News: A New ManhattanLife 2024 Sales Incentive Kicked Off Monday
ManhattanLife’s 1st Production Contest of 2024! Starting Monday, January 8th, ManhattanLife is excited to announce their first sales contest for 2024! Contest Period: January 8 – February 23. Products: Home Health Care / HHC Select, and OmniFlex™ Short-Term Care. A minimum of 5 HHC(S)/STC apps are required to qualify for double trip credits. View ManhattanLife’s Incentive Flyer for full details Be on the lookout for updated Tax Deductibility pieces – coming soon! #goldencareagent #manhattanlife #mac
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2024 Long-Term Care Tax Guides
As we transition into 2024, we have updated our long-term care tax guides to reflect the most current tax data. In the individual tax advantages guide it discusses the per day limitations, along with the 2024 eligible premium guidelines your client can deduct. There may also be several tax advantages for business owners who purchase a long-term care policy depending on how your client structures their business. Be sure to check out Sales Professional Access for a complete list of all 2024 long-term care tax guides that are available. If you have any questions, please contact Mutual of Omaha’s
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Long-Term Care Year-End Highlights
Look back at some of the updated content from 2023 and be prepared to have conversations that matter with your clients in 2024. The Having the right conversations flyer highlights some of the typical characteristics of a long-term care client, what triggers them to buy, and how they educate themselves about LTCi. Continue the conversation with inflation buy-up benefits, giving your clients the option to adjust their inflation protection anywhere from 1% – 5% based on their financial goals. Then remind your clients we’ll be here to pay their claims with the updated claims flyer spotlighting the benefits paid since
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2024 Quoting Software
NOTE: This communication was sent to Mutual of Omaha agents not affiliated with GoldenCare or American Independent Marketing (AIM). Agents with their Mutual of Omaha LTC appointments through GoldenCare and/or AIM may continue using the MutualCare® Solutions Desktop Software to generate premium quotes. As the new year rapidly approaches, make sure you are ready to quote long-term care. Effective January 1, 2024 MutualCare Solutions will no longer be available. If you’re currently using MutualCare Solutions for quoting our long-term care insurance products, we strongly recommend transitioning to WinFlex Web platform at your earliest convenience. WinFlex Web provides a free
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Inforce LTCi Rate Adjustments Effective March 1, 2024
Mutual of Omaha actively monitors our inforce long-term care business, filing rate adjustments when necessary to ensure we keep our promises to policyholders and remain competitive in the marketplace. We will be implementing the following inforce rate adjustments effective March 1, 2024 impacting the states of Georgia, Alabama and Delaware. Policy Forms Impacted – Georgia & Alabama LTC04G, LTC0417, LTC04I, LTC06UI, LTC09M, LTC09U Policy Forms Impacted – Delaware LTC06UI For details on yearly rate adjustment percentages, view the supplemental grid. Policyholder Notification Process Policyholders will receive a letter notifying them at least 60* days prior to the premium rate
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Annual Advertising Compliance Reminder
State advertising regulations require Thrivent to remind you each year about our advertising requirements. Regulatory bodies such as the State Insurance Departments, FINRA and SEC require that Thrivent maintain a system of control over the content, form and method of dissemination of advertisements. Thrivent’s policy, which is based on these regulatory requirements and enhanced to ensure brand and messaging alignment, is that all materials used to advertise Thrivent, its products or services, or created with the intent to sell Thrivent’s products must be approved and a compliance number issued by the corporate compliance area before use. Learn More #goldencareagent
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Thrivent and LTCG/illumifin Upcoming 2023 Holiday Closures
Important Dates Dec 25 — Christmas Day Thrivent and illumifin are closed Dec 27 — Year-End Cutoff to receive premium or to receive outstanding requirements for Thrivent LTC Jan 1 — New Year’s Day Thrivent and illumifin are closed #goldencareagent #thrivent #ltc
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