New – No premium deposit required with applications It’s easier for you to submit EssentialLTC applications. Thanks to your feedback you can now submit mailed paper applications, E-APPs and upload signed paper applications without including a premium deposit. This new feature is available now. Benefits of using E-APP You can work with clients nationwide Share your screen with clients or use it directly with the client Integrates illustration information into the application Time efficient application process Reduces “not in good order” applications Faster processing of business Click here to submit new business. NGL: Announcing LTC Application Updates #goldencareagent #ngl
Read More
Getting Into the Hearts and Minds of Long-Term Care Buyers
Getting Into the Hearts and Minds of Long-Term Care Buyers At Mutual of Omaha, our goal is to help you find the right people to talk to about long-term care insurance – those who are most likely to buy a policy from you. In an effort to identify the right people, we initiated a research project to get into the hearts and mind of long-term care insurance buyers. We wanted to know who they are, why they buy (and why they don’t) and what steps they take to educate themselves before making a buying decision. We also wanted to know
Read More
Important Dates: New LTC Compensation and Policy Dating Processes
We are making changes to how we process applications and issue your LTC policies. Here are some key dates to remember. February 23, 2020 The following will apply to all applications signed on and after 2/23/2020: Policies issued will be effective on the date of issue. Regardless of selection, date of application will no longer apply. Initial premium will no longer be accepted with application. If a check is mailed along with the application, the check will be returned to the applicant. If a check is mailed separately to the lock box, the check will be cashed, and a refund
Read More
MutualCare® Solutions Product Guide Update
The MutualCare® Solutions Product Guide has been updated to reflect the new processes effective February 23, 2020. Updated sections include: “Completing the Application” section has been updated to reflect the following changes: We have removed “Date of Application (Initial Premium Required)” as a policy effective date option Initial premium will no longer be accepted (no longer accepting cash with application) Temporary insurance agreements and conditional receipts will no longer be available “Administrative Handling” section has been updated to reflect the following changes: Added post issue requirement premium submission mailing address Oklahoma has been added as a Pre-Appointment state View the
Read More
Updates to LTC Policy Dating Process and Commission Timing
Mutual of Omaha is committed to providing you a product portfolio that meets the needs of your clients. With this goal in mind, we have made the following changes to get your LTC policies issued efficiently. Currently, compensation is paid on LTC13 policies once premium has been collected and the policy is in force, regardless of any outstanding Post Issue Requirements (PIRs). Beginning February 23, 2020, compensation will now be paid at the time all PIRs are received and the case is considered placed. Applications signed on or after this date will be effective on the date the policy is
Read More
Important Announcement from United Security Assurance
January 28, 2020 As many of you are aware, United Security entered into a reinsurance treaty in 2016 in order to improve its financial results and risk-based capital, which had been affected by blocks of business purchased in the past. During an Examination of United Security Assurance Company, the Pennsylvania Department of Insurance (“PA DOI”) determined that the Reinsurer’s assets, which back the policyholder reserves for the business transferred to the reinsurer, were substantially invested in subsidiaries and affiliates of a large private company. The PA DOI and the Company have concerns about the Reinsurer’s assets and would like them
Read More
Care Solutions Sales Desk hours of operation this week
Care Solutions Sales Desk hours of operation this week To accommodate annual training, the OneAmerica® Care Solutions Sales desk will operate at reduced hours this week as follows: Care Solutions Sales Desk Hours Monday, Jan. 20: 8:30 a.m. – 7 p.m. ET (normal hours) Tuesday, Jan. 21: 10 a.m. – 5 p.m. ET Wednesday, Jan. 22: 10 a.m. – 3:30 p.m. ET Thursday, Jan. 23: 10 a.m. – 5 p.m. ET Friday, Jan. 24: 8:30 a.m. – 7 p.m. ET (normal hours) As noted above, the sales teams will maintain normal hours on Monday and Friday. You may experience longer
Read More
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.
New minimums apply for partnership policies for 2020
New minimums apply for partnership policies for 2020 Connecticut Partnership: Daily Minimum Benefit of $291 for TransCare II. For older plans (see attached memo), it is $291 for Nursing Home Benefit, $145.50 for Home and Community Based Benefit. Indiana Partnership: Daily Minimum is still $115, Pool of Money Minimum of $409,537 in order to earn total asset protection (see page 18 of INP-2H-22410 IN.3). Questions? Please contact the Transamerica sales desk at 888-545-2713. New minimums apply for partnership policies for 2020 #goldencareagent #transamerica
Read More
New, Rebranded Transamerica Assets Now Available
We have new rebranded assets available on online! We have new rebranded assets available on online! The rebrand includes headlines that pop, lively images, and eye-catching call outs. Agent Only: Description Item # Benefit Increase Options Flyer 121103 LTC Partnership Reference Guide 125031 Consumer Pieces: Description Item # Cash Benefit Flyer 120502 Tailored BIO Flyer 119718 LTC Insurance Protection Consumer Guide 115717 To download, click the links provided above, or log in to www.taltc.com and click “Order Supplies” under the Tools menu. Questions? Please contact the Transamerica sales desk at 888-545-2713. We have new rebranded assets
Read More
Errors and Omissions Insurance
Mutual of Omaha and its affiliates (United of Omaha and United World) require Errors and Omissions Insurance in the amount of $1 million (per claim) prior to selling the following insurance products: • AccumUL Answers • AccumUL Plus • GUL • GUL Plus • GUL Survivor • Term Life Answers • Bonus Flexible Annuity • Ultra Secure Plus • Income Access • Ultra-Income product • Critical Illness • Disability • Long-Term Care • Medicare Advantage • Prescription Drug Plans As a GoldenCare producer, you have the ability to get this valuable coverage at a discount! Check out our Errors and
Read More
