Long-Term Care Time Service Update

From the Desk of Allen Gregoire and Kathy Abbott On behalf of Mutual of Omaha, we want to first and foremost thank you for the amount of long-term care business we have been receiving here at the home office. We know this is due to your ongoing loyalty and partnership. We remain committed to providing the quality service you have come to expect, and our new business and underwriting teams are fully operational. However, due to high volumes of new business, our LTC underwriting and new business teams are experiencing delays in time service. In response, we have underwriters and
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Categories: GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Monthly modal premium factor lowered in Arizona and District of Columbia

Monthly modal premium factor lowered in Arizona and District of Columbia Effective November 20, 2020, the modal premium factor utilized to determine the monthly premium amount for EssentialLTC is being lowered in Arizona and the District of Columbia. The change will be from a current factor of .095 to a new factor of .0875. With this implementation, the monthly modal factor will now be .0875 in all states where EssentialLTC is available. The EssentialLTC State Variation document will be revised on November 20, 2020 to reflect this change.   View the Financial Strength Flyer   #goldencareagent #ngl
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Categories: Industry News, Long-Term Care, and National Guardian Life.

Good partners grow with you

Good partners grow with you Our financial strength flyer highlights how our diverse product mix and history of financial strength and stability make NGL a go-to choice for Long Term Care insurance. EssentialLTC’s popular features are included in the flyer, showcasing how you can create a personalized policy within your client’s budget. Specializing in a suite of innovative products for life’s journey, we give people the financial stability, careful guidance and peace of mind to lead a life filled with confidence, dignity and grace. We are proud to serve our partners and policyholders through connection, collaboration and compassion.   View
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Categories: Industry News, Long-Term Care, and National Guardian Life.

Larry Moore joins NGL as Regional Vice President – Individual Products

Larry Moore joins our long term care sales team We are pleased to welcome Larry Moore to the NGL long term care sales team as Regional Vice President – Individual Products. Larry has more than 30 years of LTCi experience and has been dedicated to approaching LTCi planning from an overall retirement and estate planning perspective. “I could not be more excited about my new opportunity with NGL,” shares Larry. “When I consider NGL’s position in the marketplace, I have not seen a better set of circumstances for any insurance carrier in many years. NGL is a robust and profitable
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Categories: Industry News, Long-Term Care, and National Guardian Life.

LTC06UI, HCA and HCAR Rate Adjustments Effective February 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 February 1, 2021: Block of Business Impacted States LTC06UI Iowa and Oklahoma HCA, HCAR Florida   For a complete rate history, see the state approval grid on Sales Professional Access. Policyholder
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Everyone Loves a Good Story

Real People. Real Stories. 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. 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 day care. View the Flyer
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Time to Start the Conversation

It’s Time to Start the Conversation Helping clients plan for the future is what LTC Awareness Month is all about. Looking for tools to help begin these important conversations? We’ve got them. LTC Awareness Month Flyer It’s an introduction to the tools that can help you talk to clients about the need to plan for long-term care. Cost of Care Calculator Our online calculator allows you to illustrate how much your clients can expect to pay for LTC services. Video: Protecting the Things That Matter Most This consumer video highlights the need for LTCi. A handy flyer identifies the correct
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

2021 Tax Deductibility Limits

Long-term care insurance tax-deductible limits have just been increased offering seniors as much as $420 in additional deductible benefits according to the American Association for Long-Term Care Insurance. “Tax deductibility for those purchasing certain government-approved long-term care insurance is an incredible benefit,” explains Jesse Slome, director of the American Association for Long-Term Care Insurance (AALTCI). “The tax deductibility becomes especially valuable in retirement when income decreases and health costs generally go up.” The Internal Revenue Service just announced the increased 2021 limits for tax deductibility of long-term care insurance premiums. According to IRS Revenue Procedure 2020-45, a couple age 70
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Categories: GoldenCare News, Industry News, and Long-Term Care.

Mutual of Omaha’s Logo Story

The Mutual of Omaha logo has evolved, but we continue to be the strong brand we’ve been for more than a century. For more than 100 years, Mutual of Omaha’s legacy has been a commitment to helping people protect what’s important to them. Another important part of our heritage has been interconnected with the natural world through the groundbreaking program Wild Kingdom. Just as Wild Kingdom forever changed the future of nature programming, we continue to look for ways to evolve and create positive change.   Protection and strength. These are reflections of what we’ve always been as a company.
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Categories: Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Announcing the New Mutual of Omaha Corporate Symbol

We’re proud to introduce our new logo Positive Change to Take Us Into the Next 100 Years — And Beyond For more than a century, Mutual of Omaha has been committed to listening to our customers and helping them through life’s transitions by providing an array of insurance and financial products. Earlier in July, we announced the retirement of the Native American symbol to support our strong commitment to diversity and inclusion. At this time, we are pleased to unveil the new corporate logo allowing us to progress towards the future with our customers and sales distributions. Protection and strength
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Categories: Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).