“Short-Term Care Insurance Finding a Market,” by Cyril Tuohy, InsuranceNewsNet

“Big premium increases for long-term care insurance (LTCi) have created new opportunities for short-term care insurance (STCi), a category that has kept a relatively low profile.  Until now.  Proponents of STCi say the time has come to push hard and loud to promote the value of STCi.  New plans call for launching a dedicated STCi website as well as a marketing campaign targeted at agents and consumers. …  Detractors say STCi, which serves as a stopgap to cover the 90-day period before an LTCi or a Medicare policy kicks in, isn’t really worth it.” LTC Comment (from Stephen A. Moses,
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Categories: Industry News and Short-Term Care.

Recover Cash – Great Protection for Your Clients!

Have You Shown Your Clients A Great Way To PROTECT THEIR ASSETS? RECOVER CASH Short-Term Care Solution GTL’s Recover Cash is an affordable short-term care nursing home care solution your clients may use to protect their assets. Product Highlights    • Pay cash benefits directly to your clients    • Nursing Home and Assisted Living Facility Coverage up to 360 days    • Optional Home Health Care Rider    • 3 Levels of Care: Custodial, Intermediate and Skilled    • 0 or 20 day Elimination Period    • 10% Spouse Discount For more information contact GTL’s Sales Support at 800-323-6907 or agency@gtlic.com. This plan is available
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Categories: Guarantee Trust Life and Short-Term Care.

A Message from Bill Naylon, MedAmerica Discontinues Individual Sales

January 05, 2016 Dear Distributor, It is with great disappointment that I inform you that the MedAmerica Companies will be discontinuing sales of our long term care insurance and short term care insurance products, effective February 15, 2016. Regulatory approval of this action will be required in all 50 states. While we believe there is a growing and undeniable social need for financing long term care, economic circumstances have impacted the entire long term care industry, as evidenced by a 22% decline in 2015 industry sales, according to LIMRA. Unfortunately, these circumstances, particularly the low interest rate environment, have left
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Categories: Long-Term Care, MedAmerica, and Short-Term Care.

Notice For GTL Agents

GTL’s revised pay schedule: Deposits will be sent into the banking system on Thursday, December 24th. You will most likely see the deposit in your account on Monday, December 28th, depending on your bank. Due to the year ending, weekly statements will be run on December 31st to capture all remaining 2015 business. Deposits will be sent on Monday, January 4th and you will see the deposit in your account shortly after. If you have any questions or need more information, please call agent support at 1-800-323-6907 or email agency@gtlic.com. #goldencareagent #GTL
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Categories: Accident Insurance, Critical Illness, Guarantee Trust Life, Hospital Indemnity Plan, and Short-Term Care.

It’s Here! GTL’s New State Approval Map!

It is now easier than ever to check which products and riders are approved in the state you are selling in. Simply go to www.gtlic.com, click “Agent”, then click “State Approval List”. A map will appear and you can click on each state to see all approvals OR click here for direct access to the map! It’s as easy as 1, 2, 3! #goldencareagent
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Categories: Accident Insurance, Critical Illness, Guarantee Trust Life, Hospital Indemnity Plan, and Short-Term Care.