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.

LTC Underwriting Operation: The New Underwriting Guide

June 3, 2019 | by | Comments Off on LTC Underwriting Operation: The New Underwriting Guide

Another case study as part of our ongoing Underwriting Operation. Case Study: A New LTC Producer Uses Underwriting Tools to His Advantage Don is a new long-term care insurance agent based in St. Louis. As he learns the industry and product, Don has found it useful to carry the MutualCare® Solutions Underwriting Guide as an aid while screening clients. Recently, Don was working with a 65-year-old male applying for the Secure solution. Having already familiarized himself with the build chart before the meeting, Don knew to quote no better than Class 1 based on the client’s height and weight. However,
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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'.

Online Prequalification Now Available

May 31, 2019 | by | Comments Off on Online Prequalification Now Available

In addition to calling, emailing, or faxing us your prequalifications, you can now prequalify a client by logging into the Agent Resource Center at ngl-essentialltc.com, clicking the “Underwriting Prequalification” icon, and submitting the online form. Once submitted, our underwriters will email you a response as soon as possible.   Learn more about underwriting in our recently recorded webinar: Field & Home Office Underwriting     If you have questions, please call NGL at (888) 505-2332 or email status@ngl-essentialLTC.com.   #goldencareagent #ngl
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Categories: Industry News, Long-Term Care, and National Guardian Life.
Tags: EssentialLTC, Long-Term Care, LTC, National Guardian Life, and NGL.

EssentialLTC Partnership Policy Available In Illinois

May 31, 2019 | by | Comments Off on EssentialLTC Partnership Policy Available In Illinois

Change effective May 31, 2019 National Guardian Life Insurance Company (NGL) is pleased to announce that effective May 31, 2019, the EssentialLTC policy will now be available as a partnership policy in the state of Illinois. Applications submitted in Illinois that are dated May 31, 2019 and after require the following additional application forms: Form Name Form # Action Acknowledgement Regarding Partnership Policy Qualification NLTCPRT-ACK Submitted with application   The new application forms will be available via the Agent Resource Center on May 31, 2019.   Determination of Partnership Eligibility EssentialLTC policies issued in Illinois will automatically be issued as
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Categories: Industry News, Long-Term Care, and National Guardian Life.
Tags: EssentialLTC, IL Partnership, LTC, National Guardian Life, NGL, and Partnership.

Plant the Seed Early for Long-Term Care Insurance

May 31, 2019 | by | Comments Off on Plant the Seed Early for Long-Term Care Insurance

Your clients lead busy lives and they may put off making important decisions. Plant the seed early with these clients to help plan for possible future health needs. Buying a long-term care insurance policy may be far down the list of their priorities, so let them know the benefits of getting coverage early. Advantages to buying LTCi early Insurability — clients will be more likely to be approved for coverage Affordability — rates are based on your client’s age at time of purchase Peace of Mind — clients can rest easy, they are protected for any future care they may
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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 Plan Early.

Care Solutions News, May 2019

May 29, 2019 | by | Comments Off on Care Solutions News, May 2019

Quick reads Annuity Care connections: Seasons change, reasons change Think about clients with existing annuities. Do they depend on all of their annuities for retirement income? If not, you could reposition an annuity using Annuity Care and move their money from tax-deferred to tax-free for LTC. Help clients reassess their existing annuities today with these resources: Connect with clients using our new Care Solutions Annuity video. Rest assured that the OneAmerica® commitment to stewardship through financial strength allows clients and their families to focus on care, not costs. Help clients understand the benefits the Pension Protection Act offers for extended
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.
Tags: annuity, compensation, hybrid, LTC, and oneamerica.