NGL EssentialLTC – Underwriting Update

Underwriting Update Since the Washington Cares Fund has generated a large influx of LTC business, we wanted to provide you with an update on our processing times and expectations. Normally, most cases have an underwriting decision reached within 45 to 60 days. Due to the increase of Washington State applications, you may instead see underwriting decisions take 55 to 70 days. There are some underwriting decisions that may exceed the 70-day timeframe because of factors beyond our control, such as difficulty obtaining medical records, or in rare instances, applicants who are unwilling to conduct an interview. With these types of
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Categories: Industry News, Long-Term Care, and National Guardian Life.

What YOU Wanted to Hear About NGL’s Underwriting

Find out what NGL’s underwriting is all about Join our Chief Underwriter, Paul Weber on Wednesday, October 13, 2021, at 12 p.m. CST for an hour long session to go over National Guardian Life Insurance Company’s (NGL) overall underwriting philosophy, our ideal applicant and we’ll discuss all that YOU told us you wanted to hear. The topics we’ll be covering were either compiled from surveys or were a direct result of conversation with the field. Click here to register. Our goal is transparency — we want to be sure you know what to expect when you submit an NGL LTCi
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Categories: Industry News, Long-Term Care, and National Guardian Life.

NGL EssenitalLTC – Massachusetts Forms Update

Massachusetts Forms Update Recently the commonwealth (state) of Massachusetts revised their consumer Medicare guide, A Massachusetts Consumer’s Guide to Medicare. Additionally, there is also an update to the title of the Medigap guide, 2021 Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare. Both of these are required to be left with applicants prior to completing a Massachusetts application. In order to reflect the change, the MassHealth (Medicaid) Exemptions Acknowledgement Form NLTC-ACK-MA, which needs to be submitted with every Massachusetts application, has been updated. Beginning Friday, September 10, 2021, the updated documents must be used for
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Categories: Industry News, Long-Term Care, and National Guardian Life.

NGL EssenitalLTC – Washington State Sales Announcement

Washington State Sales Announcement As stated in previous communications, the Washington Cares Fund has generated an influx of business that has reached levels beyond NGL’s processing capacity. In order to continue to accept business for other states, restrictions were put into place only allowing certain 10-Year and Single Payment applications to be submitted. Even with these restrictions, NGL has continued to see an increased volume of Washington State applications. Due to this, NGL has made the difficult decision to stop all sales of EssentialLTC in Washington State effective immediately. There is an exception for pre-approved multi-life executive carves outs with
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Categories: Industry News, Long-Term Care, and National Guardian Life.

NGL EssentialLTC – Underwriting Presentation

EssentialLTC Underwriting Presentation Get the most out of your field underwriting with the Tips on NGL’s EssentialLTC underwriting process presentation! This presentation will help you spot any major roadblocks while field underwriting so you can give your clients the best possible outcome when it comes time to submit their application. It offers a high-level overview of the best practices, key points to remember, questions to ask every client and what materials are a must when field underwriting. Click the image above or click here to access the presentation today! Please note, the presentation is best viewed with a Chrome browser.
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Categories: Industry News, Long-Term Care, and National Guardian Life.

NGL EssentialLTC – Important Washington State Announcement

Important Washington State Announcement The Washington Cares Fund has created widespread interest in private-pay LTC as a planning option. Since NGL is committed to the LTC marketplace, we took actions so we could continue to accept Washington State business. The influx of Washington State business we have received has continued to grow and has reached a point that is beyond our processing capacity. In the last three days, from Washington alone, we have received the equivalent of three months’ worth of submissions from the entire U.S. UPDATES Effective today, August 9, 2021, at 6 p.m. EST (3 p.m. PST), we
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Categories: Industry News, Long-Term Care, and National Guardian Life.

NGL EssentialLTC – Important Washington State Update

Important Washington State Update NGL is currently processing the influx of business created by the Washington State Cares Fund as efficiently as possible; however, due to the high volume of applications, it is recommended you submit Washington State applications on or before September 3, 2021. Applications submitted on or before this date will have a greater likelihood of being issued by November 1, 2021. We will continue to accept and process business from Washington State after September 3, 2021, but those applications are less likely to be issued before November 1, 2021. Updated Premium Minimum – Applications submitted for less
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Categories: Industry News, Long-Term Care, and National Guardian Life.

NGL EssentialLTC Product Introduction Guide

EssentialLTC Product Introduction Guide If you know someone who is interested in selling EssentialLTC, the Product Introduction Guide is an excellent source of high-level information for prospective agents. The guide touches on several key points of what makes EssentialLTC a comprehensive LTC product and includes information on NGL, popular product features, popular riders and product details. See how EssentialLTC can help your clients by visiting the Agent Resource Center and downloading a copy under Reference Guides. Or download by clicking the image above.   Lifetime Benefit Rider Video Shared Benefit Rider Video   NGL EssentialLTC Product Introduction Guide    
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Categories: Industry News, Long-Term Care, and National Guardian Life.

NGL EssentialLTC Sales Guide

EssentialLTC Sales Guide With the EssentialLTC sales guide, you have the some of the most popular product features combined with case studies and product highlights all in one place. The guide gives a breakdown of when and how to recommend each product feature to your clients so you can meet their planning needs. The guide is available for download on the Agent Resource Center under Reference Guides or by clicking on the image above.   Lifetime Benefit Rider Video Shared Benefit Rider Video   #goldencareagent #ngl
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Categories: Industry News, Long-Term Care, and National Guardian Life.

NGL EssentialLTC – WA Annual Premium Clarification

Washington Annual Premium Minimum As a reminder, there is a new annual premium minimum of $2,000 in effect for Washington state. To clarify what this means for different payment options, please see below for a breakdown of this minimum based on payment mode: $2,000 – Annual Premium $1,040 – Semi-Annual Premium $540 – Quarterly Premium $175 – Monthly Premium Please note, the minimum annual premium for a joint application is only $2,000 total, not $2,000 per applicant. These minimums are only applicable to Washington applications and are only in place through November 1, 2021. New Business NGL is processing the
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Categories: Industry News, Long-Term Care, and National Guardian Life.