Massachusetts, Meet LifeSecure: Insurer Expands into New State, Launches Simple Long Term Care Coverage LifeSecure brings new LTC choice to Massachusetts, releases products in several states BRIGHTON, Mich. — LifeSecure Insurance Company has launched its worksite Long Term Care Insurance (LTCI) in Massachusetts, marking the first time the company is doing business in the state. With the addition of Massachusetts, LifeSecure has grown its national footprint to include 48 states and Washington, D.C. “We can’t wait to show Massachusetts our innovative approach to insurance,” said Pat Prichard, LifeSecure president and CEO. “Today’s workers have gotten a firsthand look at the
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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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Genworth, Industry News, and Long-Term Care.
Genworth, insurance, Long-Term Care, LTC, and premium increase.
Genworth, insurance, Long-Term Care, LTC, and premium increase.
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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Industry News, Long-Term Care, and Transamerica.
Long-Term Care, LTC, Transamerica, and TransCare II.
Long-Term Care, LTC, Transamerica, and TransCare II.
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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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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OneAmerica Asset Care Product Teaser
Coming in July: Updated Asset Care® By Jan. 1, 2020, all issuers of life insurance are required to reprice their products according to the 2017 CSO mortality tables. OneAmerica® has updated the benefits and pricing within our whole-life based Asset Care® product suite, and we will be launching a new product in July! Asset Care is still the same great product with the same great benefit guarantees — we’ve just simplified and enhanced the product, improved consistency while maintaining flexibility, and added options that our distribution partners have asked for over the years. Joint coverage and lifetime benefits are still
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Industry News, Linked Benefit/Hybrids, and OneAmerica.
annuity, Asset Care, hybrid, LTC, oneamerica, and training.
annuity, Asset Care, hybrid, LTC, oneamerica, and training.
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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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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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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NEW! Asset Care Training Resources
By Jan. 1, 2020, all issuers of life insurance are required to reprice their products according to the 2017 CSO mortality tables. OneAmerica® has updated the benefits and pricing within our whole-life based Asset Care® product suite, and we will be launching a new product in July. Read on to learn more about new resources to help you increase sales! Training Resources Learn and earn: National webinars We’ll be hosting national webinars every Tuesday and Thursday in June and July. Producers from all distribution channels are encouraged to participate. Register for a FREE Asset Care webinar today » Asset-Care®
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Industry News, Linked Benefit/Hybrids, and OneAmerica.
annuity, Asset Care, hybrid, LTC, oneamerica, and training.
annuity, Asset Care, hybrid, LTC, oneamerica, and training.
