What’s the Difference Between ADLs and IADLs Activities of daily living (ADLs) are a series of basic activities performed by individuals on a daily basis necessary for independent living at home or in the community. The 6 basic activities of daily living are as follows: Eating — Feeding oneself by getting food into your body from a receptacle (such as a plate, cup or table) or by a feeding tube or intravenously. Bathing — Washing oneself by sponge bath; or in either a tub or shower, including the task of getting in or out of the tub or shower. Dressing
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Genworth Financial Announces Second Quarter 2019 Results
7/30/19 Net Income Of $168 Million And Adjusted Operating Income Of $204 Million RICHMOND, Va., July 30, 2019 /PRNewswire/ — Merger Agreement With China Oceanwide Holdings Group Co., LTD (Oceanwide) Extended To No Later Than November 30, 2019; Actively Soliciting Interest In Genworth MI Canada U.S. Mortgage Insurance (MI) Adjusted Operating Income Of $147 Million With $15.8 Billion In New Insurance Written (NIW) And Continued Strong Loss Performance U.S. MI’s PMIERs1 Sufficiency Ratio At 123 Percent, In Excess Of $650 Million Above The Revised Standards That Became Effective On March 31, 2019 Continued Strong Capital Levels In Canada And Australia
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Video: Go Behind the Scenes with an LTC Underwriter
We’re excited to bring you the first in a series of video interviews with members of our underwriting team! This video interview is with the manager of our underwriting area, Demerri Bond. She’s spent the last 20 years on our long-term care underwriting team, but before that, she was a long-term care nurse. The transition from being someone providing care to someone providing benefits for those who need it has given her a unique perspective that you’ll want to see. Check it out! NEW FEATURE Not discussed in this video is a brand-new option for applicants 59 and younger. In
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Genworth’s 2019 Commission Pay Schedule
Genworth is changing the timing of the end of year paydown. October 4, 2019 will be the payout for commission payments that have not previously met the minimum payment requirement. Genworth will process all commissions due on October 4, 2019. The $50 minimum payment requirement will resume after October 4, 2019 and will continue through the next commission pay down in 2020. Therefore, there will not be an “end of year” pay down as in previous years. All commission payments, for all products, will be distributed on October 7, 2019. Genworth will resume normal commission payments that have met the
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In-Force Rate Action Announcement: Ohio (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. Ohio has now allowed the following increases: Ohio Product Series Increase Percentage Privileged Choice 15% Classic Select 15% This rate increase applies to both AARP and 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
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Start Earning LTC Marketing Credits
Your long-term care marketing credits can help build your Mutual of Omaha business. Each credit is worth $1 and can be used for things like: Leads you purchase from a vendor Purchase LTCi leads Pay postage for LTCi mailings Earn a CLTC designation Conduct LTCi seminars You start automatically earning marketing credits on your fifth LTCi application submitted and placed after October 1, 2018.* How to Redeem Your Credits Simply submit your paid invoice or receipt along with the Health Marketing Credits Reimbursement form. You must redeem your credits by December 1, 2019. *Some exclusions apply. Details about the LTC
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Are You Getting Closer to Joining Us in Montreal?
Earn An Elegant Getaway A Mutual of Omaha Incentive Trip for Long-Term Care (LTC) Producers Plan to be one of the top Long-Term Care producers (and a guest) and join us for four days in 2020 at the Ritz-Carlton Montreal. RITZ-CARLTON MONTREAL Quebec, Canada June 11 – June 15, 2020 Classic architecture, exquisite dining and impeccable amenities-the Ritz-Carlton Montreal expertly provides an experience of luxurious comfort. Celebrate your outstanding achievements, along with other sales leaders and Mutual of Omaha, while exploring a stunning city. Qualify in 2019 and join us in unforgettable Montreal. View the Incentive Trip Flyer
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In-Force Rate Action Announcement: Michigan (Classic Select®)
> 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. Michigan has now allowed the following increases: Michigan Product Series Increase Percentage Classic Select 20.3% 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 30, 2019 and will continue throughout the next year.
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In-Force Rate Action Announcement: Alaska (Classic Select®)
> 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. Alaska has now allowed the following increases: Alaska Product Series Increase Percentage Classic Select 12.2% 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 30, 2019 and will continue throughout the next year.
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New Underwriting Guideline Offering
From the Desk of Amanda Blackburn We appreciate your business, value your relationship and always want to keep you informed. Mutual of Omaha is currently reviewing and will begin updating the MutualCare® Solutions underwriting guidelines soon. Until then, we want to share a great new service regarding physical exams with you effective immediately! Regardless of age, our underwriting guidelines require an applicant to have completed a favorable physical exam within the past 2 years. If no exam has been completed, clients have the following options to meet this requirement. Option 1 — All Applicants Schedule and complete an exam with
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