Your clients have busy lives. Between family and work obligations, they have a lot going on. So even if they understand the value of long-term care insurance, purchasing a policy often isn’t a top priority. But they may not be aware there’s cost associated with waiting. It’s easy to put things off until tomorrow. But some of life’s decisions are too important to ignore. Waiting to purchase a long-term care insurance policy is one of them. Waiting may mean paying higher premiums down the road. Procrastinating also could lead to the inability to qualify for coverage. That makes this concept
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New Personal Worksheets
Effective August 31, 2023, new personal worksheets will be available for New York and North Dakota. Here’s what you need to know. Updates include: Rate Increase History Grid Two new questions (#2 & #6) Rewording of questions and additional answer options California will be implemented at a later date. Previous worksheets will no longer be accepted after September 30, 2023. New Personal Worksheets #goldencareagent #mutualofomaha #longtermcare
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The Reality of Long-Term Care Services
We all know the need for long-term care services, but the reality is that costs are going up year after year. The national average cost for a private room in a nursing home is over $100,000 per year. Arm yourself with the tools needed to educate your clients on the rising costs and provide a solution with an LTCi policy. The Reality of Long-Term Care Services #goldencareagent #mutualofomaha #longtermcare
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There Are Costs to Waiting to Purchase LTCi
Everyone is busier than ever, including your clients. And, while purchasing a long-term care policy often isn’t a top priority, they probably don’t realize that there are true costs associated with putting off that purchase until later. Waiting to purchase a long-term care insurance policy is too important to ignore—it can lead to paying higher premiums down the road. Or even worse, procrastinating could lead to the inability to even qualify for coverage. That makes this concept well suited for: People who are inclined to put off the decision to buy People who think long-term care insurance is too expensive
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GoldenCare Tips For New Business
GoldenCare Tips for submitting New Business When submitting a new business application for insurance, we recommend submitting a matching copy of the illustration along with it. This helps reduce confusion and provide clarity on the client’s intent. When benefit election(s) and/or premium do not match between the application & illustration, the New Business Team can more readily identify and correct potential errors. Take Advantage of GoldenCare’s App-Scrub Service Our Team will check for any missing information or signatures, ensuring everything is in good order before submitting to the insurance company for processing. Questions? Call our Marketing Team at 800-842-7799!
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Long-Term Care Application Tips
Our underwriters know your LTCi clients aren’t just a list of diagnoses, and they rely on you to tell them more. They encourage you to paint a picture about your clients’ health, cognitive status and lifestyle. Because the more you can tell them, the better the chance for a positive underwriting outcome. You can do that by gathering as much information as possible from your clients, including: Recent doctors’ visits, lab tests, etc. Any diagnoses they’ve received Learning about any tests, recent surgeries or physical therapy Documenting medications they take Information about their physical and social activities Confirming they have
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Tips For Long-Term Care Applications
Our underwriters know your LTCi clients aren’t just a list of diagnoses, and they rely on you to tell them more. They encourage you to paint a picture about your clients’ health, cognitive status and lifestyle. Because the more you can tell them, the better the chance for a positive underwriting outcome. You can do that by gathering as much information as possible from your clients, including: Recent doctors’ visits, lab tests, etc. Any diagnoses they’ve received Learning about any tests, recent surgeries or physical therapy Documenting medications they take Information about their physical and social activities Confirming they have
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Making a Case for Return of Premium
Return of premium riders often are misunderstood. Sure, they may add to the cost of a policy. On the other hand, they can be just what a client needs to feel comfortable making a buying decision. With three return of premium options available on Mutual of Omaha’s MutualCare® Custom Solution policy, you are sure to find one that can turn a skeptical prospect into a confident customer. Read the Sales Idea to learn more. Making a Case for Return of Premium #goldencareagent #mutualofomaha #longtermcare
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Encourage Clients to Purchase LTCi Now, Not Later
Your clients have busy lives. Between family and work obligations, they have a lot going on. So even if they understand the value of long-term care insurance, purchasing a policy often isn’t a top priority. But they may not be aware there’s cost associated with waiting. It’s easy to put things off until tomorrow. But some of life’s decisions are too important to ignore. Waiting to purchase a long-term care insurance policy is one of them. Waiting may mean paying higher premiums down the road. Procrastinating also could lead to the inability to qualify for coverage. That makes this concept
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LTC Sales Idea: Buy-Up Option
People want to be sure the long-term care policy they purchase today will be adequate to help pay for the services they need in the future. Many state partnership programs have lowered the inflation protection requirement to 1 percent. That allows you to offer your clients the affordability of a low inflation protection option while ensuring their policy remains partnership qualified. The MutualCare® Custom Solution policy includes a buy-up option that allows insureds to increase their inflation protection percentage once each year. View the Sales Idea to learn more. LTC Sales Idea: Buy-Up Option #goldencareagent #mutualofomaha #longtermcare
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