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 for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Pre-PCS 15% 15% PCS I 15% 15% PCS II 15% 15% 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 February 4,
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In-Force Rate Action Announcement: Oregon (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. Oregon has now allowed the following increases: Oregon Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Choice 1 55% 72% 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 January 28,
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In-Force Rate Action Announcement: Kansas (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. Kansas has now allowed the following increases: Kansas Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Pre-PCS 39% 117% 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 January
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In-Force Rate Action Announcement: Kansas (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. Kansas has now allowed the following increases: Kansas Product Series Increase Percentage Privileged Choice 37.2% Classic Select 37.2% This rate increase applied 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 of policyholder notifications. Policyholder notifications will begin January 28, 2020 and will continue throughout the next year.
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In-Force Rate Action Announcement: North Carolina (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. North Carolina has now allowed the following increases: North Carolina Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Choice 1 55.13% phased 25%, 24.1% cumulative 86.56% phased 25%, 25%, 19.4% cumulative This rate increase applies to policies issued on or after 2/1/2003 Communications Timeline Servicing agents will receive a list
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In-Force Rate Action Announcement: Massachusetts (PCS I, PCS II, Choice 1)
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. Massachusetts has now allowed the following increases: Massachusetts Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods PCS I 40% phased 13.3%, 13.3%, 13.4% simple 40% phased 13.3%, 13.3%, 13.4% simple PCS II 40% phased 13.3%, 13.3%, 13.4% simple 40% phased 13.3%, 13.3%, 13.4% simple Choice 1 40% phased 13.3%, 13.3%, 13.4% simple 40% phased 13.3%, 13.3%, 13.4% simple
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Introducing: Expanded Relationship Teams
Focusing on Relationships to Enhance Your Experience Relationships are at the core of OneAmerica®. We believe in personal service, and we believe in you. We care about your relationships with your clients. We hear and validate your feedback. That’s why we’re focusing on Enhancing Your Experience in 2020. More Support for You The first enhancement is coming in January, with your Expanded Relationship Team. It’s a comprehensive crew, including Wholesalers, Account Relationship Management, Sales Development Partners, Case Managers, Underwriters, and New Business Processors. Each member is ready to embark on a relationship with you and support your business needs.
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OneAmerica Care Solutions News
Quick reads SECURE Act: Changes and opportunities abound You’ve heard the news: The Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law on Dec. 20, 2019. But do you know how it will impact Americans planning for retirement? The act tackles the gap between what Americans have for retirement and what they will actually need, and it includes these key changes: Support for new parents through penalty-free withdrawals from retirement accounts, including IRAs, for qualified births and adoptions Elimination of the IRA contribution age limit and extension of the required minimum distribution start date to age
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Industry News, Linked Benefit/Hybrids, and OneAmerica.
Asset Care, hybrid, linked benefit, LTC, oneamerica, State Life, and training.
Asset Care, hybrid, linked benefit, LTC, oneamerica, State Life, and training.
Thrivent Named One of the 2020 World’s Most Ethical Companies
THRIVENT NAMED ONE OF THE 2020 WORLD’S MOST ETHICAL COMPANIES BY ETHISPHERE February 25, 2020 | Samantha Mehrotra, Public Relations Manager Recognition honors those companies that take the long view with a purpose-based strategy and strive to create positive change throughout their global communities. Minneapolis — Thrivent, a diversified financial services organization, has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2020 World’s Most Ethical Companies. Thrivent has been recognized nine years in a row and is one of only five honorees in the financial services industry.
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Sales Professional Access Case Monitoring Enhancement
Mutual of Omaha is continually evaluating opportunities to improve our business processes and tools to help you get your applications issued quicker. We are excited to announce a new case monitoring enhancement. Effective February 16, 2020, the case monitoring dashboard on Sales Professional Access has been updated to display more accurate and detailed requirements. Examples of the new Requirement Headings are illustrated below (click to enlarge): As always, if you have any questions regarding your case status or any outstanding requirements, please reach out to Case Management at 800-275-5528. Sales Professional Access Case Monitoring Enhancement #goldencareagent #mutualofomaha
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