EssentialLTC compensation structure updates

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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 ages 79-79

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 Premium Payment Option.

Please reach out to GoldenCare to sign your new compensation schedule which is available on January 1, 2021. The signed schedule should be returned to GoldenCare as soon as possible because we will be unable to process your compensation without a signed new compensation schedule.

NGL New Compensation Schedule Flyer imageClick here for a flyer highlighting the compensation schedule changes.
Thank you

If you have any questions about the new compensation schedules, please contact GoldenCare at 800-842-7799 and speak with your Regional Director.

Thank you for your continued partnership. We are constantly looking at ways to enhance our offerings and prove to you that NGL is your partner of choice for your long term care planning needs.

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