As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Kansas has now allowed the following increases: Kansas Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods PCS I 55% 72% PCS II 55% 72% Choice 1 55% 72% Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications. Policyholder notifications will begin January
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NGL launching new LTC sales team
NGL has exciting plans for our long term care product in 2020, including enhancing our technology offerings, building and implementing robust sales and marketing plans and growing the business. New this year we have an experienced NGL team in place who are dedicated to long term care sales and marketing. If you haven’t already heard from them, Joe, Lori or Lawrence will be reaching out to you in the upcoming weeks to learn how we can best offer training and application materials, guides, etc. to make selling NGL’s EssentialLTC long term care product easier for you. Joe has more than
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Updated Personal Worksheets for Montana and North Dakota
Effective January 1st, 2020, the Montana and North Dakota paper and e-app personal worksheets have been updated. MT LTC13: M119106_MT (Potential Premium Increase form) replaces M28370 M28385_MT (MT LTC13 Outline of Coverage form) updated, same form number ND LTC13: M119106 (Potential Premium Increase form) replaces M28370 Old forms will not be accepted after January 31st, 2020. If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com. Updated Personal Worksheets for Montana and North Dakota #goldencareagent #mutualofomaha
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Video Interview: Thinking About the Future of Underwriting with Allen Gregoire
Thinking About the Future of Underwriting with Allen Gregoire We’re wrapping up the series with our Director of Underwriting, Allen Gregoire. Allen discusses the effort his LTC underwriting team puts into quick turnarounds, and wonders how the future of insurance underwriting, especially concerning genetic testing and cognitive diagnoses like Alzheimer’s and dementia. Don’t miss this chance to hear from Allen! Video Interview: Thinking About the Future of Underwriting with Allen Gregoire #goldencareagent #mutualofomaha
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LTC Teleconference Recording: Other Than Applied
We appreciate your attendance and enjoyed answering all your questions at the fifth LTC underwriting teleconference. Didn’t make it? That’s OK! We recorded it for you. Dial this number to listen to the teleconference anytime: (855) 859-2056 | Conference ID: 9182458 All teleconferences are available for download on Sales Professional Access under Sales Tools > Product Education. Please look for continued communications from us in 2020. LTC Teleconference Recording: Other Than Applied #goldencareagent #mutualofomaha
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Happy Holidays from GoldenCare!
Wishing you and yours a wonderful holiday and we look forward to striving to move the Long Term Care industry forward with you in 2020. The GoldenCare Team #goldencareagent
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Happy Holidays from United Security Assurance
We are truly grateful for for the many relationships we’ve built over the years, with the hard working producers we serve everyday. Wishing you a season of joy and look forward to our continued success in 2020. The Management and Staff of United Security Assurance #goldencareagent #unitedsecurity
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Rate Adjustments Effective March 1, 2020
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. To fulfill this commitment, we actively monitor emerging industry trends and make any adjustments necessary that enable 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 March 1, 2020: Block of Business Impacted States NHA, LTA, HCA, LT50, NH50 Illinois For a complete rate history, see the state approval grid on Sales Professional Access. Policyholder Notification
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Rate Adjustments Effective April 1, 2020
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. To fulfill this commitment, we actively monitor emerging industry trends and make any adjustments necessary that enable 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 April 1, 2020: Block of Business Impacted States LTC04G, LTC04I and LTC06UI Maine For a complete rate history, see the state approval grid on Sales Professional Access. Policyholder Notification Process
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Consumers’ Privacy Rights and Information Security
Consumers’ Privacy Rights and Information Security There have been recent changes to privacy and cybersecurity laws that will affect how you do business with Transamerica. Your relationship with Transamerica requires that you comply with certain laws, regulations and practices around how company and consumer information is processed and protected. It is important that you comply with all of these obligations, including those related to Consumers’ Rights and Information Security as detailed in the attached memo. CCPA Field Compliance Action Memo Consumer Privacy Questions? Please contact the Transamerica sales desk at 888-545-2713. Consumers’ Privacy Rights and Information Security #goldencareagent
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