GoldenCare Newsletter | December 21, 2020

Read Full GoldenCare Newsletter, December 21, 2020 Edition In this GoldenCare Newsletter Edition From GoldenCare:     PROMO TIME! Perfect Portfolio Sales Incentives Get those apps in before December 31, 2020 HAPPY SELLING!   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: “Long-Term Care Insurance Decline Rates Reported” by Jesse Slome, American Association for Long-Term Care Insurance Enjoy!   Compliance: REMINDER:  Updates to GoldenCare Contracting Made Easy Paperwork GoldenCare Agent Compliance Guide GoldenCare
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Categories: GoldenCare News, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), National Guardian Life, Securian, Thrivent, and Transamerica.

NGL’s upcoming holiday hours

Upcoming holiday hours We hope you have a safe and healthy holiday season. Please note these upcoming important dates with special holiday hours for our office: Thursday, December 24 – Office closes at 1 p.m. PST Friday, December 25 – Closed Thursday, December 31 – Office closes at 1 p.m. PST Friday, January 1 – Closed Please contact your dedicated Long Term Care Sales Team at LTC@nglic.com with questions. Thank you.     #goldencareagent #ngl #longtermcare
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Categories: Industry News, Long-Term Care, and National Guardian Life.

EssentialLTC long term care updates

2021 COLA adjustments for Long Term Care insurance premiums The Internal Revenue Service issued Rev. Proc. 2020-45 providing the 2021 cost of living adjustments (COLAs) for certain items under the Internal Revenue Code (IRC), including “for eligible long term care premiums.” The maximum deduction that an individual who itemizes deductions may take for qualified long term care insurance premiums is set under IRC §213(d) and adjusted annual for increases in the medical care cost component of the consumer price index. The new maximum qualified long term care premium deductions under IRC §213 – for taxable years beginning in 2021 are
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Categories: Industry News, Long-Term Care, and National Guardian Life.

COVID-19 and underwriting guidelines

COVID-19 and underwriting guidelines We reevaluated and adjusted our underwriting guidelines for applicants who have had a negative COVID-19 test. The current guidelines are: If a test is taken: There will be no waiting period for negative testing scenarios such as work, travel, visiting family or testing in advance of an elective surgery (colonoscopy, etc.). There will be a one month waiting period for a negative test result on an applicant with symptoms or direct exposure to another person who was positive. A positive test is a 6 month waiting period after a full recovery to assess any residuals. These
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Categories: COVID-19, Industry News, Long-Term Care, and National Guardian Life.

EssentialLTC compensation structure updates

You asked and we listened Your feedback was used to simplify and enhance National Guardian Life Insurance Company’s (NGL) EssentialLTC Long Term Care insurance compensation schedule. These changes are available starting on January 1, 2021. We encourage you to ask GoldenCare about the changes and about signing the new schedule. Simplified compensation structure Your compensation is important to us. We listened to you and heard that you wanted a simplified compensation structure, making it easier for you to understand how you will be paid. Instead of eight levels of age bands, there are now two levels: Issue ages 40-69 Issue
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Categories: Industry News, Long-Term Care, and National Guardian Life.

GoldenCare Newsletter | December 7, 2020

Read Full GoldenCare Newsletter, December 7, 2020 Edition In this GoldenCare Newsletter Edition From GoldenCare:     PROMO TIME! Perfect Portfolio Sales Incentives Now through December 31, 2020   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: “Cost of Care: Trends & Insights” Genworth Enjoy!   Compliance: Updates to GoldenCare Contracting Made Easy Paperwork GoldenCare Agent Compliance Guide GoldenCare Agent Marketing Guide   Industry Updates: From Mutual of Omaha: December LTC Claims Webinar
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Categories: GoldenCare News, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), National Guardian Life, Thrivent, and Transamerica.

EssentialLTC Long-Term Care Updates

Coming soon – all policies will have copies of schedule pages You asked and we listened. Beginning on Wednesday, November 25, all issued policies will now be accompanied by copies of the schedule pages for your convenience. These copies are intended for you to easily keep a copy of the schedule pages for your own records before you forward the policy to the policyholder. Copies of schedule pages will be issued with all National Guardian Life Insurance Company (NGL) EssentialLTC policies, except for California which will be available at a later date. Underwriting tips and refresher Do you need a
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Categories: Industry News, Long-Term Care, and National Guardian Life.

GoldenCare Newsletter | November 23, 2020

Read Full GoldenCare Newsletter, November 23, 2020 Edition In this GoldenCare Newsletter Edition From GoldenCare:   The GoldenCare Office will be closed Thurs, November 26th & Fri, November 27th for the Thanksgiving Holiday.     PROMO TIME! Perfect Portfolio Sales Incentives Now through December 31, 2020   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: “70 percent of long-term care claims begin with home care,” by Joe Jancsurak, McKnight’s Senior Living Enjoy!   Compliance:
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Categories: GoldenCare News, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), National Guardian Life, Securian, and Thrivent.

NGL’s upcoming holiday hours

Upcoming holiday hours We hope you have a safe and healthy holiday season. Please note these upcoming important dates with special holiday hours for our office: Wednesday, November 25 – Office closes at 1 p.m. PST Thursday, November 26 – Closed Friday, November 27 – Closed Thursday, December 24 – Office closes at 1 p.m. PST Friday, December 25 – Closed Thursday, December 31 – Office closes at 1 p.m. PST Friday, January 1 – Closed Please contact your dedicated Long Term Care Sales Team at LTC@nglic.com with questions. Thank you.     #goldencareagent #ngl #longtermcare
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Categories: Industry News, Long-Term Care, and National Guardian Life.

Monthly modal premium factor lowered in Arizona and District of Columbia

Monthly modal premium factor lowered in Arizona and District of Columbia Effective November 20, 2020, the modal premium factor utilized to determine the monthly premium amount for EssentialLTC is being lowered in Arizona and the District of Columbia. The change will be from a current factor of .095 to a new factor of .0875. With this implementation, the monthly modal factor will now be .0875 in all states where EssentialLTC is available. The EssentialLTC State Variation document will be revised on November 20, 2020 to reflect this change.   View the Financial Strength Flyer   #goldencareagent #ngl
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Categories: Industry News, Long-Term Care, and National Guardian Life.