In-Force Rate Action Announcement: Michigan (Privileged Choice®)

> Privileged Choice® with Stable Premium Option > 1% Benefit Increase Option 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. Michigan has now allowed the following increases: Michigan Product Series Increase Percentage Privileged Choice 20.3%   This rate increase applies only to non-AARP policies. 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 July 23,
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Alaska (Privileged Choice®)

> Privileged Choice® with Stable Premium Option > 1% Benefit Increase Option 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. Alaska has now allowed the following increases: Alaska Non-AARP Product Series Increase Percentage Privileged Choice 12.2%   Alaska AARP® Product Series Increase Percentage Privileged Choice 12%   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
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Iowa (Privileged Choice® and Classic Select®)

> Privileged Choice® and Classic Select® with Stable Premium Option > 1% Benefit Increase Option 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. Iowa has now allowed the following increases: Iowa non-AARP Product Series Increase Percentage Privileged Choice 27.3% phased 17.9%, 8.0% cumulative Classic Select 27.3% phased 17.9%, 8.0% cumulative   Iowa AARP® Product Series Increase Percentage Privileged Choice 30% phased 17.9%, 10.26% cumulative Classic Select 30% phased 17.9%, 10.26% cumulative   These rate
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Categories: Genworth, Industry News, and Long-Term Care.

Have you tried the LTC e-App?

If you haven’t tried the LTC e-App yet, what are you waiting for? Producers that have used the LTC e-App agree it’s the easiest way to submit LTC applications. Some great features of the e-App include: Mistake-proof visual cues let you know your progress and prompt you for missing information Simple e-signature process Auto-save function so none of your information is lost A dashboard shows all applications in process Try the e-App on your next sale and you may never go back to paper. To access the LTC e-App now, click here (login required).   Have you tried the LTC
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Two Ways to See Your State’s Cost of LTC Services

Mutual of Omaha has been providing you with long-term care costs for years, but if you aren’t sure how much your clients may need, use our Cost of Care calculator or Cost of Care Brochure to find out. In fact, they’ve just updated with 2018 numbers! Each tool reflects the costs for Home Health Care, Assisted Living Facility and Nursing Home for private and semi-private room by state.   Two Ways to See Your State’s Cost of LTC Services   #goldencareagent #mutualofomaha #costofcare
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

TRANSCARE II 3% Compound Benefit Increase Option

TRANSCARE II 3% COMPOUND BENEFIT INCREASE OPTION Introducing TransCare II‘s 3% Compound Benefit Increase Option Rider*, available to your clients starting June 18. This benefit increase option automatically increases policy benefits by 3% annually on its anniversary date. To learn about the 3% Compound Benefit Increase Option Rider or to get a quote, please contact the Transamerica sales desk at 888-545-2713.   TRANSCARE II 3% Compound Benefit Increase Option   #goldencareagent #transamerica
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Categories: Industry News, Long-Term Care, and Transamerica.

Transamerica Agent Resource Center Shared Accounts

ARC Shared Accounts On June 30, 2019 all guest accounts on Transamerica’s Agent Resource Center (ARC) will no longer be active (see list below for impacted accounts). Once disabled, only those individuals who are associated with a Transamerica LTC-appointed Agent or Agency will be eligible to receive this access. If you are an eligible user as described above and will require future access, please call 1-888-458-2786 to submit a request for a new guest account through our LTC Technical Support Team. 000003VIEW EJ0012VIEW 000097VIEW 000099VIEW 000059VIEW 000012VIEW 000021VIEW EJ0047VIEW 000059PLTC 0000210SIA 000007VIEW 000020VIEW 000098VIEW 000059QAMF 000005VIEW 000097WFG1 000021AMLC 000047VIEW 000029VIEW
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Categories: Industry News, Long-Term Care, and Transamerica.

In-Force Rate Action Announcement: Nevada (Choice 1)

> Choice 1 with Stable Premium Option 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. Nevada has now allowed the following increases: Nevada Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Choice 1 64.3% phased 18%, 18%, 18% cumulative 82.48% phased 22%, 22%, 22% cumulative   Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: New Mexico (Privileged Choice® and Classic Select®)

> Privileged Choice® and Classic Select® with Stable Premium Option > 1% Benefit Increase Option 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. New Mexico has now allowed the following increases: New Mexico Product Series Increase Percentage Privileged Choice 6% Classic Select 6%   This rate increase applies to non-AARP and AARP policies. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: New Stable Premium Option for Privileged Choice® and Classic Select® Policyholders

To help mitigate the impact of current and future planned premium increases, we are providing an additional coverage option for most of our Privileged Choice and Classic Select policyholders to consider when faced with a premium increase. Beginning on July 1, 2019, the new Stable Premium Option Endorsement will be available in states where it’s allowed. The Stable Premium Option provides a guarantee that the new premium associated with the Stable Premium Option will not increase until at least 2024, along with the following specific set of benefits1: A three-year benefit period for individual policies and a six-year benefit period
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Categories: Genworth, Industry News, and Long-Term Care.