TRANSAMERICA TO DISCONTINUE STANDALONE LONG TERM CARE As announced December 10, 2020, on Capital Markets Day by Aegon CEO Lard Friese, Transamerica will discontinue sales of our individual, standalone Long Term Care (LTC) business on March 31, 2021. In addition, acceptance of applications under approved multi-life cases (worksite and association) will end on June 30, 2021. LTC riders on life insurance policies are not affected. The only impacted products are TransCare® II and TransCare® III. It’s important that you know your clients with existing policies are not impacted. Their customer experience will stay the same, and they will not experience
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National Guardian Life Acquires Everplans
NGL acquires Everplans, laying a foundation for expansion to become a digital leader in the insurance and employee benefit landscape We are pleased to announce the acquisition of Everplans, a New York City-based digital life-planning and organization company. Everplans will remain a separate entity and operate as a wholly owned subsidiary of NGL. Together these companies will be able to provide families across the country with easy, affordable and accessible ways to prepare for the unexpected, and be able to securely track and manage vital information throughout their lives, and during challenging times. “We have been helping people face life’s
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GoldenCare Newsletter | January 25, 2021
Read Full GoldenCare Newsletter, January 25, 2021 Edition In this GoldenCare Newsletter Edition From GoldenCare: TOMORROW! SPECIAL: “Missing Link” Consumer Presentation Pro Tips Thurs, Jan 28, 2021 2:00 PM to 2:45 PM CST Diversify your portfolio for greater sales success! Join us for product and sales live and prerecorded training. Stay up-to-date on the latest products and sales strategies. Check back for our next exciting promotion! Guest Article: “The COVID-19 Pandemic Has Upended The LTCi Market,” by Ayo Mseka, InsuranceNewsNet Enjoy! Compliance: US Holiday Telephone Solicitation Bans for the Month of February GoldenCare Agent Compliance Guide GoldenCare
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Get the “Missing Link” Consumer Presentation that has sold MILLIONS in LTCi
Click the image above for a message from Jeff Clark Tomorrow! Jeff will go through our field-proven Consumer Presentation. You’ll learn tips and strategies to make the most out of each and every meeting! Get the Consumer Presentation for attending! Thurs, January 28, 2021 2 p.m. CST Written for seminars or individuals, this proven presentation has helped thousands make a decision about LTCi coverage. Questions or help registering? Call the GoldenCare Marketing Team at 800-842-7799! Don’t forget to subscribe to our News Digest for all the latest announcements from the Top Carriers! Check out GoldenCare News
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LAUNCH your 2021 Thrivent LTCi Sales!
Thrivent LTCi incentive through 3/31/21 GoldenCare is now offering a producer incentive for business submitted in the first quarter and in-force by 5/31/2021. For Thrivent long term care insurance applications submitted between 1/1/2021 and 3/31/2021 and in-force by 5/31/2021 RULES: For each Thrivent LTCI application submitted during this incentive, you will earn an extra $150 per life (if policy in-force and paid by 5/31/21). There is no cap to this incentive. Incentive will be paid in June 2021, as an additional compensation and 1099 income. This is not a carrier-sponsored incentive. It is promoted independently by GoldenCare. Questions? Contact GoldenCare
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Cash and Reimbursement… The Best of Both Worlds
MutualCare® Solutions policies give your clients two options on receiving long-term care benefits – cash or reimbursement. Cash Benefit The cash benefit can be used for any services that supports the plan of care. Plus, there is no elimination period to meet before receiving the cash. Reimbursement Benefit After the elimination period is met, the reimbursement benefit allows your client to access covered long-term care services, reimbursed up to the selected amount each month. Best of all, your clients have the flexibility to switch between the cash or reimbursement benefit at any time. For more details on the MutualCare® Solutions
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Encourage Customers to Update Their Email on Customer Access
Over the past several years Mutual of Omaha has made a number of enhancements to our customer-facing systems. In doing so, we’ve increased the number of email notifications sent to our customers who have an email address on file. Please encourage customers to provide an email address so they can receive important policy-related communications, including: Payment notification emails: Upcoming automatic deduction Upcoming payment due (if receiving paper billing statements) Payment past due email Payment returned notification (i.e. insufficient funds) New Medicare Supplement Explanations of Benefits available Proxy voting information (Mutual of Omaha customers only; does not pertain to United of
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Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
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LTC Sales Idea: Return of Premium
If you have clients who don’t want to end up paying premiums for something they may never use, there’s a feature of the policy that can help ease their concerns. Mutual of Omaha Offers Three Return of Premium Options: Add an optional Return of Premium rider to a long-term care policy. Here’s how it works: If the insured dies while the policy is in force, premiums paid minus any policy benefits received by the insured are refunded to the insured’s beneficiary. ROP Benefit ROP Three Times the Maximum Monthly Benefit Less Claims Paid ROP if Death Occurs Before Age 65
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Mass Mutual To Exit Traditional Long Term Care Insurance Market
The traditional long term care insurance arena which once flourished with over 100 underwriters 20 years ago is now down to 9 companies. Mass Mutual has made the decision to stop offering for sale all traditional long term care insurance policies effective January 28th, 2021. Mass Mutual has made the decision to leave the traditional LTC arena due to low traction with sales on its Signature Care 600 policy series released in 2019. This is not surprising news as I thoroughly discussed the non-competitive pricing of the Mass Mutual Signature Care 600 LTC insurance policy series when it was priced
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Good News | GoldenCare’s Priority is Setting You Up for Success
Good News! GoldenCare’s Exclusive Lineup Of Valued Added Tools & Services Did you know that as a GoldenCare agent, you have complementary access to several value-added tools and services, including: Perfect Portfolio of Products Superior, Personal Backend Support Product & Sales Training, Including Specials with LTC Industry Leaders LTC CEO Office, Home and Internet Selling Tools GoldenCare Rewards Program CSG Actuarial Comparison Tools StrateCision Comparison Tools Discounted E & O Coverage Exciting Promotions Featuring Different Products CareOptions Health and Wellness Hub GoldenCare has the tools, services and resources to support your efforts and help you achieve your sales goals! Read
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