financial strength - GoldenCare Agents

Long-Term Care Insurance Product Updates

May 6, 2024 | by V | Comments Off

Long-Term Care Insurance Product Updates Effective June 3, 2024, the Maximum Monthly Benefit will increase from $10,000 to $15,000 on our MutualCare Solutions long-term care products! This will allow clients to access additional benefits if needed and provide a greater sense of security if a long-term care event occurs. Monthly benefit amounts range from $1,500 to $15,000 per month with this new increase*. The total Maximum Monthly Benefit, including long-term care coverage from other companies, will also increase to $15,000. With this change we will be removing the 60-month benefit multiplier on our Secure product. The $500,000 policy limit cap
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Categories: Accident Insurance, Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
Tags: AM Best, financial strength, financial strength rating, insurance, mutual of omaha, Mutual of Omaha Insurance Company, omaha, Omaha affiliate, Omaha affiliates, United of Omaha, and United World.

South Carolina Tobacco Rating Change and Customer Refunds

April 22, 2024 | by V | Comments Off

Tobacco rating changes have been made in the state of South Carolina. The State of South Carolina has provided us with additional clarification on how we should be using the Tobacco rating during Open Enrollment (OE) and Guaranteed Issue (GI) situations on the Mutual of Omaha block of business. Moving forward, we will no longer be using Tobacco rating during OE/GI situations. We have updated our materials and internal system with this change. Attached is the revised Underwriting Guidelines which include those changes. Customers that were charged using this rating will receive notification letters in the mail that will state
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
Tags: AM Best, financial strength, financial strength rating, insurance, mutual of omaha, Mutual of Omaha Insurance Company, omaha, Omaha affiliate, Omaha affiliates, United of Omaha, and United World.

AM Best Affirms Mutual of Omaha’s Financial Rating

March 26, 2024 | by V | Comments Off

AM Best Affirms Mutual of Omaha’s Financial Rating AM Best performed their annual rating committee review on Mutual of Omaha and affirmed our financial strength rating of A+ (Superior) with a stable ratings outlook. The ratings reflect Mutual of Omaha’s balance sheet strength, which A.M. Best categorizes as very strong, as well as our strong operating performance, favorable business profile and appropriate enterprise risk management. Mutual of Omaha’s favorable business profile is anchored by its diversification of products and our multiple distribution channels leading to our capitalization level being very strong and considered favorable relative to our peers. For more
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New EFT/PAC Form

May 22, 2023 | by V | Comments Off

New EFT/PAC Form We are pleased to announce that we have an improved Electronic Funds Transfer/Pre-Authorized Check (EFT/PAC) form designed to help get policies placed and delivered faster and easier than before! The new form will be available for each state starting May 19, 2023. It will be available through the E-APP and in the Application and Forms option under the New Business dropdown on the Agent Resource Center. It will replace the existing Pre-Authorized Check form in all states. About the process: The Pre-Authorized Check (PAC) Premium Payment Premium Payment Service Form can be obtained at time of application
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Categories: Industry News, Long-Term Care, and National Guardian Life.
Tags: annual report, EssentialLTC, financial strength, Long-Term Care, long-term care insurance, LTC, LTCi, National Guardian Life, National Guardian Life Insurance Company, and NGL.

Upload Delivery Requirements

April 27, 2023 | by V | Comments Off

Upload Delivery Requirements Beginning Friday, April 28, 2023, you will be able to upload delivery requirements on the Agent Resource Center! Please see below for instructions. The link to upload the requirements will be located under the New Business Dropdown. You will be taken to this screen. You will need to enter the policy number, the name of the policyholder and upload the delivery requirements. Once the “Submit” button is selected, a pop up will generate letting you know the documents were transmitted to the NGL Long Term Care Administration Office. A confirmation email will also be sent to you.
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NGL’s 2022 Annual Report

April 17, 2023 | by V | Comments Off

NGL’s 2022 Annual Report The NGL 2022 Annual Report is here! It includes a message from Knut Olson, President and CEO, on NGL’s accomplishments during the last year, our excellent financial strength and what plans we have for the future. Download a copy of the report and the updated Financial Strength flyer today. Annual Report Financial Strength For agent inquires contact your dedicated NGL Agent Services Team at 888.505.2332 or status@ngl-essentialltc.com. For sales questions contact the Long Term Care Sales Team at LTC@nglic.com. NGL’s 2022 Annual Report #goldencareagent #ngl #longtermcare
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AM Best affirms Thrivent’s A++ rating

July 25, 2022 | by V | Comments Off

AM Best affirms Thrivent’s A++ rating AM Best recently affirmed our A++ (Superior) rating as well as our stable outlook. This is the highest possible rating from the agency. In its review of Thrivent, AM Best recognized our organization for continuing to maintain its balance sheet strength, strong operating performance, favorable business profile and very strong enterprise risk management. In short, Thrivent is strong and stable. We’re here to help our clients achieve financial clarity, enabling lives full of meaning and gratitude. Learn more AM Best affirms Thrivent’s A++ rating #goldencareagent #thrivent #ltc
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Categories: Industry News, Long-Term Care, and Thrivent.
Tags: AM Best, financial strength, financial strength rating, insurance, Long-Term Care, long-term care insurance, LTC, LTCi, Thrivent, Thrivent Financial, and Thrivent Financial for Lutherans.

S&P Rating Affirmation

July 8, 2022 | by V | Comments Off

S&P Global has re-affirmed Mutual of Omaha’s A+ (Strong) rating with a stable ratings outlook. The A+ rating is the second highest of 16 ratings issued by S&P Global, which assesses overall financial strength and ability to meet ongoing obligations to policyholders. S&P cited our brand recognition, strong Medicare Supplement positioning and solid capital redundancy as strengths supporting the rating. You can continue to feel confident placing your business with a company known for strength, stability, and financial security! If you have any questions, please contact Sales Support at (800) 693-6083 or e-mail sales.support@mutualofomaha.com. S&P Rating Affirmation
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Categories: Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
Tags: financial strength, financial strength rating, insurance, mutual of omaha, Mutual of Omaha Insurance Company, omaha, S & P, S&P, and United of Omaha.

NGL EssentlLTC – A (Excellent) Rating Reaffirmed By AM Best

June 6, 2022 | by V | Comments Off

A Rating Reaffirmed By AM Best We are excited to announce AM Best has reaffirmed NGL’s A (Excellent) rating! This rating reflects the excellent ability of National Guardian Life Insurance Company (NGL) to meet its ongoing insurance policy and contract obligations and further attests to its financial strength. “2021 was a pivotal year in NGL’s history. Throughout the year, NGL sold past acquisitions, as well as a variety of older blocks of acquired life insurance policies. These sales raised meaningful capital and helped NGL reach levels of capital that give it unprecedented strength in its 113-year history,” said Knut Olson,
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Categories: Consumer Marketing Materials and National Guardian Life.
Tags: AM Best, EssentialLTC, financial strength, Long-Term Care, long-term care insurance, LTC, LTCi, National Guardian Life, National Guardian Life Insurance Company, and NGL.

Reasons to use a 1035 Exchange

May 23, 2022 | by V | Comments Off

Reasons to use a 1035 Exchange Is your client looking to fund a long term care insurance (LTCi) policy but not sure how to do it? They may already have the funds and not know it! Using a 1035 Exchange allows your clients to exchange surrender value (principal and tax-deferred gains) of a life insurance or annuity contract for a LTCi policy. A new LTCi policy could be a better fit for your client’s current and future needs more than an existing life or annuity contract they may have. Download our 1035 Exchange Flyer to learn more. 1035 Exchange Flyer
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Categories: Consumer Marketing Materials and National Guardian Life.
Tags: annual report, EssentialLTC, financial strength, Long-Term Care, long-term care insurance, LTC, LTCi, National Guardian Life, National Guardian Life Insurance Company, and NGL.

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