EssentialLTC E-APP Enhancements

E-APP Enhancements Effective 8/29, the following enhancements were made to the EssentialLTC E-APP: Additional clarity on where to enter the Primary Care Physician’s name and phone number The premium mode selection will only have to be made one time and will carry through to other sections of the E-APP You can now access PDF copies of submitted E-APPS in the Agent Resource Center in YOUR E-APP SUMMARY REPORTS in addition to accessing a PDF copy in the email sent once all required signatures are received More changes to continue to improve our E-APP experience are coming soon! Uploaded Paper Applications
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Categories: Industry News, Long-Term Care, and National Guardian Life.

LTC Post-Issue Requirements: Outstanding Premium

Over the past few weeks you’ve learned the basics about long-term care post issue requirements (PIRs), including an overview of the types, as well as different amendment scenarios. Today we will discuss outstanding premium. If there is any outstanding premium due, below are things to note to meet the post-issue requirements as quickly as possible. Post-Issue Benefit Changes If a benefit change is made post-issue, the original premium is still due by day 60 from issue. The new Premium Statement sent in the new policy kit will list the date the premium is due as “Upon Receipt.” Completed Checks When
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

The LTC Rider is Now Approved in the District of Columbia

On September 1, agents selling in the District of Columbia will now have an additional option to help meet clients’ long-term care planning needs. The new Long-Term Care Rider will be available for you on our Income Advantage and Life Protection Advantage Indexed Universal Life (IUL) insurance policies. The LTC Rider provides: Benefits for Nursing Home, Assisted Living, Home Health Care and Adult Day Care Maximum total benefits up to 100% of the initial specified death benefit 1%, 2% or 4% monthly acceleration percentages One-time, 90 calendar-day elimination period Automatic issue of the Chronic Illness Rider if the client doesn’t
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

LTC Post-Issue Requirements: Amendment Scenarios

Last week you read the overview of the three types of post issue requirements for LTC policies: amendments, outstanding premiums and Policy Delivery Acknowledgments. Amendments must be returned to Mutual of Omaha within 60 days of your client’s policy being issued. Changes made within the first sixty days from issue will also require a returned amendment. The Benefit Change form found in the issue kit may be used to request a benefit change but is not required, nor is it a replacement for an amendment. Amendments are required for a variety of situations, including: Missing Application Requirements When an application
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

LTC13, Critical Advantage, TLA and Living Promise E-App Unavailable September 1st

On Sunday, September 1st, the Paperless Solutions Group e-app environment will be temporarily unavailable as we perform routine maintenance. This will affect LTC13, Critical Advantage, TLA and Living Promise product lines. The planned outage will last 5:00 a.m. (CST) Sunday through 5:00 p.m. (CST). For consideration of additional time zones, the outage window will be: Eastern — 6:00 a.m. through 6:00 p.m. Mountain — 4:00 a.m. through 4:00 p.m. West Coast — 3:00 a.m. through 3:00 p.m. We encourage you to take this outage window into consideration when arranging any appointments on Sunday, September 1st. We apologize for any inconvenience
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Categories: Critical Illness, Industry News, Life Insurance, Long-Term Care, and Mutual of Omaha (& Affiliates).

Rate Adjustments Effective December 2019

Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha and we intend to remain a key player in this market for years to come. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective December 1, 2019: Block of Business Impacted States LTC04G Rhode Island   For a complete rate history, see the state
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Rate Adjustments Effective November 2019

Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha and we intend to remain a key player in this market for years to come. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective November 1, 2019: Block of Business Impacted States LTC04I, LTC06U Connecticut LT50, LTA, LTAR, NHA and NHAR, Ltc04I, LTC04G, LTC06U
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Rate Adjustments Effective October 2019

Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha and we intend to remain a key player in this market for years to come. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective October 1, 2019: Block of Business Impacted States LTC04I, LTC04G Colorado   For a complete rate history, see the state
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Securian LTC/CI Planning Brochure

Long-term care and chronic illness strategies for every life stage Long-term care (LTC) and chronic illness (CI) coverage is a conversation many advisors reserve for older clients, but talking about LTC/CI earlier could be a game-changing opportunity for you both. So how do you begin the conversation? And how do you know what potential solutions to suggest for each life stage? Use this brochure to understand how our LTC/CI portfolio can help clients adapt to meet their evolving needs, and take one step closer to helping create customized solutions for every stage of your clients’ lives. Get the brochure  
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Categories: Industry News, Life Insurance, and Securian.

Endorsement added to Massachusetts Policies

EssentialLTC — Additional Endorsement added to Massachusetts EssentialLTC Policies Effective immediately, an Alternate Plan of Care Endorsement will now be included in all EssentialLTC policies issued in the state of Massachusetts. Additionally, for policyholders who already have an active Massachusetts EssentialLTC policy, a letter including this endorsement will be sent letting the policyholder(s) know their existing EssentialLTC policy now includes this provision and to keep the enclosed copy of the endorsement with their policy. A specimen version of this endorsement will be available on the EssentialLTC Agent Resource Center by selecting “New Business” on the navigation bar, then selecting the
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Categories: Industry News, Long-Term Care, and National Guardian Life.