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. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow 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 December 1, 2019: Block of Business Impacted States LTC04G Rhode Island For a complete rate history, see the state
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Rate Adjustments Effective November 2019
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. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow 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 November 1, 2019: Block of Business Impacted States LTC04I, LTC06U Connecticut LT50, LTA, LTAR, NHA and NHAR, Ltc04I, LTC04G, LTC06U
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Rate Adjustments Effective October 2019
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. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow 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 October 1, 2019: Block of Business Impacted States LTC04I, LTC04G Colorado For a complete rate history, see the state
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Securian LTC/CI Planning Brochure
Long-term care and chronic illness strategies for every life stage Long-term care (LTC) and chronic illness (CI) coverage is a conversation many advisors reserve for older clients, but talking about LTC/CI earlier could be a game-changing opportunity for you both. So how do you begin the conversation? And how do you know what potential solutions to suggest for each life stage? Use this brochure to understand how our LTC/CI portfolio can help clients adapt to meet their evolving needs, and take one step closer to helping create customized solutions for every stage of your clients’ lives. Get the brochure
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Endorsement added to Massachusetts Policies
EssentialLTC — Additional Endorsement added to Massachusetts EssentialLTC Policies Effective immediately, an Alternate Plan of Care Endorsement will now be included in all EssentialLTC policies issued in the state of Massachusetts. Additionally, for policyholders who already have an active Massachusetts EssentialLTC policy, a letter including this endorsement will be sent letting the policyholder(s) know their existing EssentialLTC policy now includes this provision and to keep the enclosed copy of the endorsement with their policy. A specimen version of this endorsement will be available on the EssentialLTC Agent Resource Center by selecting “New Business” on the navigation bar, then selecting the
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In-Force Rate Action Announcement: Virginia (Pre-PCS, PCS I, PCS II, Choice 1)
> PCS II with Stable Premium Option > 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. Virginia has now allowed the following increases: Virginia Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Pre-PCS 39% 99% PCS I 55% 72% PCS II 55% 72% Choice 1 73%* 55%** 83%* 72%** * This rate increase applies to policies issued before 10/1/2003
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In-Force Rate Action Announcement: Virginia (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. Virginia has now allowed the following increases: Virginia non-AARP Product Series Increase Percentage Privileged Choice 24.8%* 33.9%** Classic Select 24.8%* 33.9%** Virginia AARP Product Series Increase Percentage Privileged Choice 33.9%** Classic Select 33.9%** * These rate increases apply to policies issued before 10/1/2003 ** These rate increases apply to policies issued on or after 10/1/2003 Communications Timeline Servicing agents will receive a list
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What are LTC Post Issue Requirements?
Below is an illustration of the typical LTC application process: STEP 1 Application Submission STEP 2 Risk Assessment STEP 3 Final Action STEP 4 Policy Delivery STEP 5 PIR Submissions You may think that your work is complete by Step 4: Policy Delivery; however, in some situations post issue requirements (PIRs) are needed. Awareness of potential PIRs will help you maintain customer satisfaction as well as monitor your cases until final policy delivery. So… What is a Post Issue Requirement? PIRs may include one or more of the following items: Outstanding Premium Total premium is due 60 days from
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Upcoming Teleconference: Forms That Speed Up Your Process
Join us for the third installment of our bi-monthly teleconference series with our underwriters! Our Next Teleconference is scheduled for August 22, 2019, 10 a.m. CST Topic: Forms That Speed Up Your Process When: Thursday, August 22 at 10 am Central Conference Number: 1-866-220-3018 Conference ID: 6398347 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? Email distribution.marketing@mutualofomaha.com prior to the teleconference. Upcoming Teleconference: Forms That Speed Up Your Process #goldencareagent #mutualofomaha
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United Security Assurance – ADLs vs IADLs
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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