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Guest Need-For-LTC Article
Latest Industry News & Changes
Previous Issues

 

 

January 7, 2018
 


 
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The "Industry Best" illustration software for Custom & Secure Solution was recently updated to:
Version 3.54.0.0
 
Click Here to download
 


 
 
Remember, EVERYONE attending any of the webinars on our calendar will earn AT LEAST
50 GoldenCare Reward Points!*

 
PLUS... one lucky attendee of each webinar will earn 500 Points!
 
What Are GoldenCare Rewards?
Limit 1 Reward Code Per Unique Training Event. Points Are Subject To Change.  Restrictions May Apply.  Visit http://www.goldencarerewards.com/ For Details.
 


 

Current GoldenCare Promotions:

 
Check Back Soon!
 


 
Avoid Delays & Returned LTCi Applications
 
Remember to use 6Q on the MutualCare Solutions Producer Statement to avoid commission problems. If you have made other arrangements to use another commission code, please use accordingly.
 
For questions, or to verify the code you're using is correct, please call 800-842-7799!
 


 
REMINDER: Partnership Certification and 4-Hour Refresher
 
For all LTCi agents who took their initial 8-Hour Partnership Certification prior to January 2017:
 
Producer requirements for training continuation states:
"A four-hour refresher course must be completed every 2 years from the date the initial training was completed."
 
Please be sure you have completed the necessary ongoing training before submitting new long-term care business.
 
Click Here for each state's training requirements.
 
If you have any questions, please call Licensing at 800-842-7799!
 


 

Guest Article:

 
"Countdown to Retirement: 10 Years Away" by Eileen Ambrose and Sandra Block, Kiplinger
 
“You could pay the bills out of pocket (in other words, self-insure) if you have the assets. Or consider long-term-care insurance. Consumers often worry that premiums will skyrocket over time or that they will buy the insurance and never use it, says John Ryan, a CFP with Ryan Insurance Strategy Consultants in Greenwood Village, Colo. People who bought policies decades ago were shocked to see steep increases later. But today’s policies are more accurately priced—meaning premiums are higher—than those issued back then, and actuaries are not forecasting severe premium hikes in the future, says Ryan.”
 
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Take this message—that “actuaries are not forecasting severe premium hikes in the future”—to clients and prospects with Kiplinger as a trustworthy source.
 
Click Here to read the entire article.
 


 

Want More News?

 
Check out our website, www.goldencareagent.com and visit the News tab to keep up-to-date on the Industry's News and Changes.
 


 

Previous Issues:

 

 

Online Agent Training "Webinar" Presentations:

 

 

For The Week Of January 7, 2019
Click on the subject heading to learn more about the topic.
Click the date/time to register for the presentation.

 
At the time of the webinar, remember to dial in to our conference line
(866-299-7945, PIN / access code 8754#)
in order to listen to the audio part of the presentation.

 

 

 
And Wed., how easy it is to submit business!
Have A Lunch Date With Jenn!
 
NEW!! Mutual of Omaha LTCi e-App Demonstration
 
Wed, Jan 9, 2019 11:30 AM  to  12:00 PM CST

 
Please check to see that you meet the minimum system requirements and that you have the
equipment needed to attend before downloading the latest version of GoToWebinar.
Click Here for more information.

 
Click Here for the Full Schedule of All Upcoming Webinars.
Or Click Here to Access a List Of All Our Agent Training Services!

 

 

Compliance:

 

 
No Current News In The Issue...
 

 

Industry Updates:

 

 

LTC Claims Materials
 
If clients go on claim, there is a good chance they may be calling you for help. Mutual of Omaha has provided materials that will help you and your client through the claims process.
 


LTCi Tax Advantages Flyer Updates
 
A unique advantage of traditional LTCi is the tax benefits it offers to your clients. The LTCi tax advantages flyers are now updated with the 2019 eligible deduction amounts.
 
Let your clients know buying a traditional long-term care insurance policy from Mutual of Omaha offers tax advantages. Also, if you have clients that are small business owners, there may be significant tax savings if they use business dollars to purchase long-term care insurance.
 


Mutual of Omaha is Invested in Long-Term Care Solutions
 
From rolling out a Long-Term Care rider for life policies to improving the claims process, we had a lot going in 2018. To see what we have accomplished this past year (with your help), read our wrap-up letter.
 
We appreciate all the business you placed with us in 2018 and look forward to more success in 2019.
 


LTCi Underwriting Process Improvement
 
Starting on January 20, 2019, your clients can use the new online scheduling portal to schedule their telephone interview if it is needed from underwriting.
 
The online scheduling portal works like this:

  • Application is received by Mutual of Omaha that includes an email address
  • An email is sent out within 24 hours to the applicant
  • Email contains a link to an online telephone interview schedule request
  • Applicant selects the time and date of the telephone interview
  • Interview is scheduled, and confirmation sent out

If your clients do not respond to the online email option or don’t provide an email address, the usual process of outbound call scheduling will take place.
 
The Next Steps flyer has been updated to reflect this new way to schedule the telephone interview.
 


The New LTC Rider is Now Approved in Indiana
 
On January 1, agents selling in Indiana will now have an additional option to help meet clients’ long-term care planning needs. The new Long-Term Care Rider will be available for you on our Income Advantage and Life Protection Advantage Indexed Universal Life (IUL) insurance policies.
 


LTC Rider Brochure Now Available in Florida
 
On November 1, we announced the Florida approval of the new LTC Rider on Income Advantage IUL and Life Protection Advantage IUL. At that time, we were still awaiting approval in Florida on the LTC Rider client brochure.
 
This brochure has now been approved and a state specific version is available for agents selling in the state of Florida.
 


Did You Hear the News?
 
The Life Product Review has awarded the WYSIWYG Award to both of our IUL products – Income Advantage and Life Protection Advantage. This is an award that Mutual of Omaha is honored to receive, as it aligns with our IUL philosophy.
 


Accelerated Underwriting for TLA
 
Our Accelerated Underwriting program for Term Life Answers is easy — Submit a Speed eTicket (drop ticket), ExamOne contacts the client — we take care of the rest. The best part? We'll provide an underwriting decision in 48-72 hours!
 


Critical Advantage Rate Decrease for Existing Policyholders
 
We announced earlier in 2018 the Critical Advantage rate decrease of 20% for new customers. Now the rate decrease will be in effect for current policyholders starting on February 1, 2019.
 
The rate cut for current policyholders will be in effect in the states below on February 1, 2019:
AL, AR, CT, HI, IA, KS, KY, MD, MI, NE, NH, NJ, ND, OK, PA, SD, TN, TX, WY

 


Critical Advantage Rate Decrease for Existing Policyholders
 
We announced last month the Critical Advantage rate decrease of 20% for current policyholders for a handful of states. Effective March 1, 2019, the following states can be added to that list:
AZ, DE, GA, ID, IL, LA, ME, MS, MO, NV, NM, VT and WI

 


More States Approved for the Critical Advantage Rate Decrease
 
Great news! DC, MN, NC and SC can offer the products in the Critical Advantage portfolio with a 20% rate cut starting January 1, 2019! Your clients will get the same great coverage for less money, which could mean more sales for you.
 


The New and Improved Critical Advantage Application Now in More States
 
We announced improvements to the Critical Advantage application in July last year. Now the new app will be approved in Michigan and Pennsylvania starting January 1, 2019.


Use the Critical Advantage Needs Flyer
 
Most of us know someone who has had cancer, a heart attack or a stroke. The products in the Critical AdvantageSM Portfolio cover all of these conditions. The Critical Advantage needs flyer gets this message to clients and gets sales leads for you.
 

 

 

SecureCare multi-pay now available in IN, DE and NJ!
 
Thanks to our enhanced SecureCare Universal Life, your long-term care (LTC) conversation just got easier.
 
Now you can offer a long-term care insurance option that gives your clients the flexibility, simplicity and freedom they deserve. Our new-and-improved SecureCare is now available in Indiana, Delaware and New Jersey.
 

 

 

Consistently Competitive Med Supp Rates
 
GTL's Medicare Supplement Insurance has been rated in the top 5 for overall rate competitiveness by CSG Actuarial now for the past five reports!
 
GTL's Medicare Supplement Insurance plans are currently available in 27 state, with more coming soon!
 

 

 

In-Force Rate Action Announcements
 
As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed.
 
Florida AARP — Privileged Choice® and Classic Select®
Arkansas AARP — Privileged Choice® and Classic Select®
New Jersey — Choice 1 with Stable Premium Option (Alabama Group Trust Certificates)

 
Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications. Policyholder notifications will begin January 15, 2019 and will continue throughout the next year. Impacted policyholders will be notified at least 60 days in advance of their billing anniversary dates.
 

 

Medicare News - Mutual of Omaha and Affiliates:

 

 
Upcoming Med Supp Rate Adjustments
Please view the upcoming Med supp rate adjustment in FL, HI.
 
Upcoming Med Supp Rate Adjustments
Please view the upcoming rate adjustments in MI, MO, NC, NV and SD.
 
Upcoming Med Supp Rate Adjustments
Please view the upcoming rate adjustments in SD, MS and VA.
 

 

 

 

 
   

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