“Financial Crisis of Nursing Home Industry”

  “COVID-19 pandemic encourages consumers to plan for long-term care: survey,” by Kimberly Bonvissuto, McKnight’s Senior Living   Quote: “The COVID-19 pandemic served as a wake-up call to Americans about their mortality, inspiring three out of four adults to make changes for a better future — including saving to pay for future long-term care in the setting of their choice, according to a new Genworth Financial survey. Genworth’s COVID-19 Consumer Sentiment Survey of 1,000 adults aged 18 or more years from across the country looked at the effects of COVID-19 on Americans’ lives and what they think about long-term care and financial
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Categories: Clippings, Industry News, and Long-Term Care.

“Offer Appropriate Coverage for LTCi”

  “Offer Appropriate Coverage for LTCi,” by Romeo Raabe, NAIFA   Quote: “Quite commonly, prospects do not realize how little insurance they need for LTCi. When someone requires care with day to day activities or has a cognitive impairment, his/her lifestyle can change significantly. If one no longer drives there will be fewer cars, boats, motorcycles, 4 wheelers, snowmobiles, tractors, etc. There will also be less golf, travel, and socializing. It is good to do fun things, but when one can no longer do them, much less money will be spent on these activities.” LTC Comment (from Stephen A. Moses,
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Categories: Clippings, Industry News, and Long-Term Care.

Updated LTC Cost of Care Numbers

  With the rising costs for long-term care services, how can your clients afford not to have long-term care insurance? Mutual of Omaha’s Cost of Care brochure provides an easy-to-read chart of how much long-term care services cost by state. The brochure is a great way to help your clients understand the financial protection long-term care insurance provides.   View Cost of Care Study →   With these statistics, the evidence is clear: long-term care insurance is essential to protect the financial future of your clients and their families. Not to mention, it keeps them happy, in their home, and
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

GoldenCare Newsletter | June 8, 2020

Read Full GoldenCare Newsletter, June 8, 2020 Edition In this GoldenCare Newsletter Edition From GoldenCare:   Diversify your portfolio for greater sales success! Join us for product and sales live and prerecorded training.  Stay up-to-date on all the latest and greatest in the industry.    For a list of current topics and to get in on the discussion Click Here. Update Your Contracts LTCCEO Updates: NEW UPDATE!  If you haven’t updated yet or you haven’t got your copy, contact us today to find out how! Current installs: Double click “Check for Updates” on your desktop to receive the latest update or
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Categories: GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), National Guardian Life, and Securian.

iPipeline e-App Browser Update

From the Desk of Tess Grace and Marty Johnson At Mutual of Omaha we want to ensure you have the best user experience when you submit your applications. We are continuously working with iPipeline and other vendors to improve the application functionality in regard to using mobile devices and various browsers. In the meantime we want to provide you with a few tips and workaround options should you run into any issues or receive an error message. Term Life Express and Living Promise e-Apps: For the time being, do not submit applications using Safari on Apple devices. We are currently
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Categories: COVID-19, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Now Available – New BIO for Connecticut Partnership

NEW BENEFIT INCREASE OPTION – NOW AVAILABLE As a reminder, Transamerica launched its new TransCare® II’s 3% Compound Benefit Increase Option on June 1, 2020, available to your clients starting June 1, 2020, for Connecticut Partnership. All the details on this feature (including the consumer and agent brochures) are included here. Any outstanding applications that were signed on or before May 31, 2020, will be accepted through Monday, June 8. After that time, we will only accept the updated application and ask that you submit any outstanding applications this week. If you have any questions, please give us a call
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Categories: Industry News and Long-Term Care.

New Partnership policy states and updated marketing materials

Partnership exchange mailing in Illinois Following the Partnership policy approval in Illinois in 2019, we are happy to announce that the exchange of eligible National Guardian Life Insurance Company (NGL) EssentialLTC policies issued in Illinois began on May 26, 2020. Click here for more information. Updated marketing materials Newly updated marketing materials are now available and ready for you to download from the Agent Resource Center. We will continue to share materials as new ones are created or existing ones are updated with the new NGL logo. Updated documents available: Agent Guide – Information about commissions, underwriting, agent licensing, HIPAA,
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Categories: Industry News, Long-Term Care, and National Guardian Life.

You’re Invited! Sales Strategies & Deep Dive Training on Active Care

Special guest, Mark Warnock, will outline sales strategies for utilizing the riders & modules introduced on our initial training. Sample plan designs will be included, and we’ll discuss how best to position this product for various types of clients. Wed, June 10, 2020 11:00 AM  to  12:00 PM CDT   Not yet familiar with Active Care? We highly recommend watching basic Active Care product training here prior to attending this live Deep Dive webinar. Active Care is available in all states except CT, NJ, NY, VA & WA. For agent use only. This material should not be distributed to the
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Categories: GoldenCare News, Industry News, and Long-Term Care.

“Four Ways the Coronavirus Pandemic May Affect Long-Term Care Insurance”

  “Four Ways the Coronavirus Pandemic May Affect Long-Term Care Insurance,” ElderLawAnswers Quote: “The coronavirus pandemic has had a devastating impact on the elderly, particularly those in nursing homes and other long-term care facilities. This has raised questions about how the virus has influenced the costs and provision of long-term care insurance, which covers care in facilities and sometimes at home as well. … There are lots of uncertainties regarding long-term care, insurance, and coronavirus. To read the full US News and World Report article about what we do know, click here.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
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Categories: Clippings, COVID-19, Industry News, and Long-Term Care.

“Social Security trust funds could run out even faster due to the coronavirus pandemic”

  “Social Security trust funds could run out even faster due to the coronavirus pandemic,” by Lorie Konish, CNBC Quote: “Social Security’s trust funds could run out as much as four years earlier due to the coronavirus pandemic, according to new research from the Wharton School at the University of Pennsylvania. Just how much the funds are affected will depend on how fast the U.S. economy recovers. Those planning for retirement may want to account for reduced benefits, just in case.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): The Social Security trust funds will run
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Categories: Clippings, COVID-19, Industry News, and Long-Term Care.