Mutual of Omaha actively monitors our inforce long-term care business, filing rate adjustments when necessary to ensure we keep our promises to policyholders and remain competitive in the marketplace. We will be implementing the following inforce rate adjustments effective September 1, 2022: Impacted Policy Forms Impacted States LTC04I Arkansas, Connecticut, Louisiana, Oklahoma LTC04I7 Arkansas, Connecticut, Oklahoma LTC09M Arkansas, Connecticut, Louisiana, Oklahoma LTC06UI Arkansas, Connecticut, Oklahoma LTC09U Arkansas, Connecticut, Louisiana, Oklahoma LT50, NH50, HCA, NHA & LTA Delaware, Mississippi, Washington HCAQ, NHAQ and LTAQ Washington For details on yearly rate adjustment percentages, view the supplemental grid here. Policyholder Notification Process
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Mutual of Omaha Advanced Markets Minute
The “Golden Age” for Long-Term Care? Welcome to the Advanced Markets Minute in both print and audio form. Today’s article is called “The Golden Age for Long Term Care.” Listen Now You’ve probably heard about the State of Washington’s Cares Fund, a state long term care benefit funded by a payroll tax. If you’re not in the State of Washington, you may have thought that you didn’t need to be concerned with any of it, and that your state would never do something like that. If you thought that, it is time to think again. The Washington law was
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EssentialLTC E-APP Update & Juneteenth Office Closing
E-APP User Guide Beginning June 17, you now have the option of completing the agent statement and new business transmittal before the client portion of the E-APP. This step, which used to be contained in Step 2, will be moved into its own Pre-Step. This step can be completed at any time before moving on to Step 3. Click here to download the E-APP User Guide for more information. Office Closed Monday, June 20 In observance of Juneteenth, NGL’s EssentialLTC administration office will be closed on Monday, June 20, 2022. Regular business hours will resume on Tuesday, June 21.
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Next Steps in the LTC Application Process
Preparation is the key to a successful health interview. You just completed a long-term care application. Before ending the conversation, make sure your clients know what happens next. Preparing clients for the underwriting process can go a long way toward ensuring their applications get issued. Why? An interviewer may mistakenly assume confused applicants have cognitive issues that make them uninsurable. When in reality, an applicant may simply be distracted or not fully prepared to answer questions about their health, their doctors and their medications. Mutual of Omaha has a handy leave-behind brochure you can use to walk your clients through
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Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
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Updated marketing materials for California
Updated marketing materials for California California recently approved the re-branded consumer point-of-sale materials. Please replace any older versions with the revisions below. These materials can also be found on the Marketing tab for Thrivent’s traditional product in iPipeline’s FormsPipe tool (access available through GoldenCare’s agent website). Appointed agents may also download (or order hard copies) from www.tfltcstore.com. 31082CA – 4 Truths about Long Term Care – Consumer Product Brochure 36235CA – Strength and Commitment 33283 – What Does $100 a Month Buy Note: California materials are only available for the traditional LTCi solution. CareForward has not yet been approved by
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NGL EssentlLTC – A (Excellent) Rating Reaffirmed By AM Best
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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Thrivent CareForward Sales Incentive Happening Now
Looking forward to CareForward Earn an additional $150 for each qualifying CareForward contract* To help you more quickly get up to speed on CareForward, we are providing an additional incentive for CareForward business written during this promotion period. For each Thrivent CareForward application submitted between 6/1/22 and 9/1/22, and where the policy is paid and in-force by 12/1/22 you can earn an extra $150 per life. There is no cap to this incentive. This promotion is limited to the CareForward product. Sales of Thrivent’s traditional LTCi policies will not qualify. CareForward contracts that replace an existing LTCi policy will be
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Condition-Related Marketing: Osteoporosis
Condition-Related Marketing: Osteoporosis Just because a client received a concerning health diagnosis, that doesn’t mean they won’t qualify for long-term care insurance. Our condition-related marketing series helps you understand what clients are going through so that you can assist them in successfully applying for an LTCi policy. Check out our osteoporosis flyer. Condition-Related Marketing: Osteoporosis #goldencareagent #mutualofomaha
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Termination notices mistakenly sent to some CA producers
Some California agents may have received a notice from Thrivent about their CA license being inactive and their appointments being terminated. In late May, the CA DOI system was down while they transitioned to a new system. This then caused downstream issues with reports that let the insurance carriers know who no longer has an active CA license. Thrivent is going through all the CA agents currently appointed to correct any issues. Please reassure agents that if their licenses are not inactive, that their appointments are okay and there is nothing they need to do at this time. We’re sorry
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Do pictures speak louder than words?
The need for long-term care insurance becomes apparent when you see how it benefits real-life customers. These flyers are learning tools you can turn into powerful sales tools by describing how an LTCi policy helped both Mutual of Omaha policyholders and their families. Real People. Real Stories. How LTCi impacts people’s lives. Thomas’s Story Given a life expectancy of six months, Thomas used his policy to get home health care and hospice end-of-life services. View the Flyer John’s Story After John suffered a stroke, his wife used the care coordination provision of the policy to help her locate adult
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