Introducing Enhancements to EssentialLTC A product that can now do more We have been listening to your feedback and are excited to announce your suggestions were used to enhance EssentialLTC! The changes are geared toward making it easier to sell, and the new features will allow you to offer your clients a product that can do more. We’ve enhanced its features, options, underwriting classes and the rider selection has been streamlined! These changes will be effective for all new business applications received on or after April 1, 2021 in the following 38 states: AK, AL, AR, CO, GA, IA, ID,
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GoldenCare Newsletter | February 22, 2021
Read Full GoldenCare Newsletter, February 22, 2021 Edition In this GoldenCare Newsletter Edition From GoldenCare: TOMORROW! Mutual of Omaha LTCi e-App Demonstration Thurs, Feb. 23, 2021 10:00 AM to 10:30 AM 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: “US life expectancy dropped a full year in first half of 2020, according to CDC,” by Deidre McPhillips, CNN Enjoy! Compliance: REMINDER: Use Correct Version of MutualCare Solutions Application! GoldenCare
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REMINDER: Updated NGL EssentialLTC Compensation Schedule Needed
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. Beginning January 1, 2021, instead of eight levels of age bands, there are now two levels: Issue ages 40-69 Issue ages 70-79 Items not changing include: renewals are still based on the premium for the base policy and any Inflation Protection Rider, and half of the regular first-year compensation rate is applicable to the portion of premium for a Return of Premium Rider or the 10-Year
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GoldenCare Newsletter | February 8, 2021
Read Full GoldenCare Newsletter, February 8, 2021 Edition In this GoldenCare Newsletter Edition From GoldenCare: TOMORROW! Aetna’s Recovery Care vs GTL’s Recover Cash 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: “Want to age at home instead of a nursing home? Consider this first,” by Alessandra Malito, MarketWatch Enjoy! Compliance: REMINDER: US Holiday Telephone Solicitation Bans for the Month of
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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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EssentialLTC E-Application Coming Soon In Florida
E-Application to be available in Florida Effective January 22 We are pleased to announce the availability of E-APP for EssentialLTC Florida applicants effective January 22, 2021. The E-APP process allows the agent to submit EssentialLTC applications electronically after logging into the Agent Resource Center, as well as to obtain both applicant and agent signatures electronically. With this implementation, the E-APP process can now be utilized in all states where EssentialLTC is available. Please see the EssentialLTC State Variation for additional information relating to State Variations, noting that this will be revised on January 22, 2022 to reflect this change. E-APP
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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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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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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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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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