In-Force Rate Action Announcement: Missouri (PCS II)

June 17, 2019 | by | Comments Off on In-Force Rate Action Announcement: Missouri (PCS II)

> PCS II 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. Missouri has now allowed the following increases: Missouri Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods PCS II 55% 72%   This rate increase applies to non-AARP, non-partnership policies only. 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.
Tags: Genworth, insurance, Long-Term Care, LTC, and premium increase.

Important TransCare II Application and Form Changes

June 14, 2019 | by | Comments Off on Important TransCare II Application and Form Changes

Effective June 18, 2019 we are implementing updated TransCare II Application and Disclosure Packets for the various states due to adding the 3% Compound Benefit Increase Option Rider. Click here for state availability. Previous versions of the packets will need to be signed on or before June 17th and received on or before June 25th, 2019. Questions? Please contact Transamerica’s LTC sales desk at 888-545-2713.   Important TransCare II Application and Form Changes   #goldencareagent #transamerica
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Categories: Industry News, Long-Term Care, and Transamerica.
Tags: Long-Term Care, LTC, Transamerica, and TransCare II.

LTC Inflation Protection Buy-Up Option

June 14, 2019 | by | Comments Off on LTC Inflation Protection Buy-Up Option

Your clients need to be assured the LTCi policy they purchase today will be enough to help pay for services they may need in the future. And there’s good news! The Mutual Care Custom Solution policy includes an inflation protection buy-up option that allows clients to increase their inflation protection percentage annually. This important feature also enables your clients to to decrease their inflation percentage at any time. Best yet, any gains previously applied to the policy are theirs to keep. Offering a benefit with flexibility to meet your client’s changing needs could be the competitive advantage you need to
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: buy-up, Long-Term Care, LTC, mutual of omaha, and omaha.

NGL Welcomes Lori Gubash as New National Sales Vice President

June 13, 2019 | by | Comments Off on NGL Welcomes Lori Gubash as New National Sales Vice President

Lori Gubash has joined NGL as their National Sales Vice President. Many of you may know Lori from her years at Newman LTC as their National Sales Director. “I am pleased to join NGL during this time of growth and look forward to building brand recognition for the individual portfolio of products, including the EssentialLTC product,” Lori said. View the press release   We’re excited to have Lori on the EssentialLTC Team!   If you have questions, please call NGL at (888) 505-2332 or email status@ngl-essentialLTC.com.   NGL Welcomes Lori Gubash as New National Sales Vice President   #goldencareagent #ngl
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Categories: Industry News, Long-Term Care, and National Guardian Life.
Tags: insurance, Long-Term Care, LTC, National Guardian Life, NGL, and sales.

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

June 13, 2019 | by | Comments Off on In-Force Rate Action Announcement: Kentucky (Privileged Choice® and Classic Select®)

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. Kentucky has now allowed the following increases: Kentucky Non-AARP Product Series Increase Percentage Privileged Choice 35% Classic Select 35%   Kentucky Non-AARP Product Series Increase Percentage Privileged Choice 41.84% phased 20%, 18.2% cumulative Classic Select 41.84% phased 20%, 18.2% cumulative   This rate increase applies only to policies that include a simple or compound Benefit Increase Option (BIO). Communications Timeline Servicing agents will receive a list
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Categories: Genworth, Industry News, and Long-Term Care.
Tags: AARP, Genworth, insurance, Long-Term Care, and LTC.

Have You Tried the LTC Cost of Care Calculator?

June 12, 2019 | by | Comments Off on Have You Tried the LTC Cost of Care Calculator?

Do your clients realize how expensive long-term care services can be? Based on national average costs, people can expect to pay more than $91,000 per year for a semiprivate room in a nursing home** – and that figure is expected to keep rising. Use our Cost-of-Care Calculator to Help Your Clients Understand the Need Mutual of Omaha’s Cost of Care calculator on our LTC Rider site provides national and state averages for a variety of long-term care services, including those received at home, in an assisted living facility and in a nursing home. It also provides estimates of what future
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: cost of care, Long-Term Care, LTC, mutual of omaha, and omaha.

Let’s Talk About Our Underwriting Guidelines

June 12, 2019 | by | Comments Off on Let’s Talk About Our Underwriting Guidelines

Our Next “Underwriting Operation” Teleconference is scheduled for 10 a.m. CST June 20th, 2019 Topic: Let’s Talk About Our Underwriting Guidelines We invite you to talk to our leadership to talk about the underwriting guidelines Mutual of Omaha is currently reviewing. Do you agree? Share your feedback and gather more insight on what you’d like to see change in the future. When: Thursday, June 20 at 10 am CT Conference Number: 1-866-220-3018 Conference ID: 5172044 Check out this flyer for all the details.   Do you have questions on the topic, or do you have something you’d like to discuss?
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: Long-Term Care, LTC, mutual of omaha, omaha, and Underwriting'.

California Licensing Fees Increased, Effective March 3, 2019

June 3, 2019 | by | Comments Off on California Licensing Fees Increased, Effective March 3, 2019

As a reminder, per California Bulletin No. 2018-4, the California Department of Insurance (DOI) has increased its licensing fees by 10 percent for all insurance producers and insurers operating within the state of California, effective March 3, 2019. Attached is the new fee schedule for your convenience. If you have any questions, please contact the CA DOI Licensing Hotline at (800) 967-9331.   California Licensing Fees Increased, Effective March 3, 2019   #goldencareagent #genworth
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Categories: Genworth, Industry News, and Long-Term Care.
Tags: CA, California, DOI, Genworth, licensing, Long-Term Care, and LTC.

In-Force Rate Action Announcement: Missouri (Pre-PCS)

June 3, 2019 | by | Comments Off on In-Force Rate Action Announcement: Missouri (Pre-PCS)

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. Missouri has now allowed the following increases: Missouri Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Pre-PCS 39% 99%   This rate increase applies to non-AARP, non-partnership policies only. 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 June
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Categories: Genworth, Industry News, and Long-Term Care.
Tags: Genworth, Long-Term Care, LTC, and LTC Rate Increases.

LifeSecure Insurance Company Names New President and CEO

June 3, 2019 | by | Comments Off on LifeSecure Insurance Company Names New President and CEO

LifeSecure Insurance Company Names New President and CEO BRIGHTON, Mich. — LifeSecure Insurance Company has announced the appointment of Patrick J. Prichard as president and CEO, effective June 1, 2019. The move follows the resumption of former LifeSecure president and CEO Kevin Stutler’s previous position of vice president of Enterprise Ancillary Business at Blue Cross Blue Shield of Michigan, the parent company of LifeSecure. LifeSecure has also named Debbie Marcum as Senior Director of Information Technology and Operations. Prichard joined LifeSecure as Chief Operating Officer in 2016, overseeing all administrative operations, information technology, and human resources. “Over the past couple
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Categories: Industry News and Long-Term Care.
Tags: LifeSecure, Long-Term Care, LTC, LTC Worksite, and Worksite.