PROMO TIME! Get those apps in!

Our Newest Sales Incentive To Kick Off A Successful 2021   PROMO ENDS MARCH 31ST! Let GoldenCare help launch you into what could become one of your most successful sales years yet! Between February 22nd and March 31st, earn Reward Points on qualifying Mutual of Omaha LTC and Guarantee Trust Life (GTL) business. Click the flyer image to the right or the link below for full details. GoldenCare’s Newest Sales Incentive, Ending 3/31       Click Here to add additional carriers & products to your appointments. Questions? Call our Marketing Team at 800-842-7799! Don’t forget to subscribe to our
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Categories: GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Join us in April at ILTCI 2021

Mutual of Omaha is a Diamond Sponsor for ILTCI 2021 This year, ILTCI will be held virtually over the course of three weeks in April. During this time, there will be 48 different breakout sessions covering a variety of topics. The cost of attending is free! Conference Kickoff Tuesday, April 13th, 10am — 10:50 AM CT   Breakout Session Dates Week 1 Week 2 Week 3 Tuesday April 13th, 11am-3pm CT April 20th, 11am-3pm CT April 27th, 11am-3pm CT Thursday April 15th, 11am-3pm CT April 22nd, 11am-3pm CT April 29th, 11am-3pm CT   Register for sessions now.   Join us
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Introducing Enhancements to EssentialLTC

Introducing Enhancements to EssentialLTC A product that can now do more We have been listening to your feedback and are excited to announce your suggestions were used to enhance EssentialLTC! The changes are geared toward making it easier to sell, and the new features will allow you to offer your clients a product that can do more. We’ve enhanced its features, options, underwriting classes and the rider selection has been streamlined! These changes will be effective for all new business applications received on or after April 1, 2021 in the following 38 states: AK, AL, AR, CO, GA, IA, ID,
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Categories: Industry News, Long-Term Care, and National Guardian Life.

Good News | LTCi Paid Claims In 2020 Were $600 Million Over Previous Year

Good News! 2020 Long-Term Care Insurance Paid Claim Payments Rise The nation’s long-term care insurers paid out $11.6 Billion in 2020, an increase over prior years according to the American Association for Long-Term Care Insurance (AALTCI). “Every year benefit payouts grow to individuals needing care and purchased long-term care insurance for that very real risk,” reports Jesse Slome, AALTCI’s director. ”The $11.6 billion paid in 2020 represents an increase of $600 million over the total 2019 claim benefits paid and a significant increase from the $8.65 billion paid out five years earlier in 2016.”     Read Full Good News
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Categories: GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Rate Adjustments Effective June 1, 2021

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 June 1, 2021: Block of Business Impacted States LTC06UI Idaho and Massachusetts LTC04I Massachusetts   For a complete rate history, see the state approval grid on Sales Professional Access. Policyholder Notification
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

2020 Long-Term Care Insurance Paid Claim Payments Rise

The nation’s long-term care insurers paid out $11.6 Billion in 2020, an increase over prior years according to the American Association for Long-Term Care Insurance (AALTCI). “Every year benefit payouts grow to individuals needing care and purchased long-term care insurance for that very real risk,” reports Jesse Slome, AALTCI’s director. ”The $11.6 billion paid in 2020 represents an increase of $600 million over the total 2019 claim benefits paid and a significant increase from the $8.65 billion paid out five years earlier in 2016.” The amount reported represents claims for those owning traditional or health-based long-term care insurance. The Association
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Categories: GoldenCare News, Industry News, and Long-Term Care.

On Demand Webinar Training Series

Watch our LTCi Training Series on demand! To watch on demand, follow the steps below: Click the webinar link. Register for the on-demand event (or enter your email address). View the presentation! Topics are listed below: Back to the Basics of LTCi: Go back to the basics with a product overview and the history of long-term care insurance. Sales and Marketing Process and the Tools You Can Use: Get to know your LTC sales and marketing team as they share the “Six Steps of the LTCi Sales Process” and the tools you can use. All About Underwriting: Learn more about
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Quote on the Go with the Quotes for Sales Professionals App

Mutual of Omaha’s “Quotes for Sales Professionals” free mobile quoting app makes your life easier by allowing you to quote our products on the go. No more rates sheets and manual calculators. This tool allows you to enter your client’s information and get an instant quote right on your mobile devices ( Android, iPhone, iPad, etc.). Simply search Mutual of Omaha in the App Store or in Google Play, download “Quotes for Sales Professionals” and you’re ready to start quoting! Mobile Quotes Tips You have the ability to save your preferences within the app – making it even faster for
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Categories: Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, and Mutual of Omaha (& Affiliates).

Reminder: Transamerica to Discontinue Selling LTC

TRANSAMERICA TO DISCONTINUE STANDALONE LONG TERM CARE As a reminder, Transamerica will discontinue the sale of individual, standalone long term care insurance (LTCI) products on March 31, 2021. Also, acceptance of applications under approved multi-life cases (worksite and association) will end on June 30, 2021. The impacted products are TransCare® II and TransCare® III. These changes will not affect any LTCI policies previously issued to existing customers. The administration and service of in force policies will stay the same, and customers shouldn’t see a change in their experience. LTCG, a trusted leader in the LTCI business, will remain the administrator
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Categories: Industry News and Long-Term Care.

ATTENTION TRANSAMERICA AGENTS: Transamerica is out! What are your options?

Join Tom Randall for a feature and pricing comparison between Transamerica’s TransCare III and Omaha’s MutualCare® Custom Solution products.   Thursday, March 11, 2021, 10 AM CST     Click Here to add additional carriers & products to your appointments. Questions? Call our Marketing Team at 800-842-7799! Don’t forget to subscribe to our News Digest for all the latest announcements from the Top Carriers! Check out GoldenCare News #goldencareagent
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Categories: GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).