Upcoming holiday hours We hope you have a safe and healthy holiday season. Please note these upcoming important dates with special holiday hours for our office: Thursday, December 24 – Office closes at 1 p.m. PST Friday, December 25 – Closed Thursday, December 31 – Office closes at 1 p.m. PST Friday, January 1 – Closed Please contact your dedicated Long Term Care Sales Team at LTC@nglic.com with questions. Thank you. #goldencareagent #ngl #longtermcare
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EssentialLTC long term care updates
2021 COLA adjustments for Long Term Care insurance premiums The Internal Revenue Service issued Rev. Proc. 2020-45 providing the 2021 cost of living adjustments (COLAs) for certain items under the Internal Revenue Code (IRC), including “for eligible long term care premiums.” The maximum deduction that an individual who itemizes deductions may take for qualified long term care insurance premiums is set under IRC §213(d) and adjusted annual for increases in the medical care cost component of the consumer price index. The new maximum qualified long term care premium deductions under IRC §213 – for taxable years beginning in 2021 are
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COVID-19 and underwriting guidelines
COVID-19 and underwriting guidelines We reevaluated and adjusted our underwriting guidelines for applicants who have had a negative COVID-19 test. The current guidelines are: If a test is taken: There will be no waiting period for negative testing scenarios such as work, travel, visiting family or testing in advance of an elective surgery (colonoscopy, etc.). There will be a one month waiting period for a negative test result on an applicant with symptoms or direct exposure to another person who was positive. A positive test is a 6 month waiting period after a full recovery to assess any residuals. These
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Holiday Video Greetings Inside!
At the end an unprecedented year, it’s important to take time to enjoy family, friends and some downtime. There’s nothing like the holiday season to remind us what’s important and help us recharge for the new year ahead. Happy Holidays to you and your family! Enjoy these personal video greetings from your Sales Team: Holiday Video Greetings Inside! #goldencareagent #mutualofomaha
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We Believe in Long-Term Care Insurance
We sold our first long-term care insurance policy in 1987, and since then, Mutual of Omaha has paid over $1.1 billion in benefits to our policyholders. We are committed to providing solutions that will meet the long-term care needs of your clients and prospects, and to offering you the tools and resources that make it easy to do business with us. Mutual of Omaha continues to invest resources into growing and refining our LTCi business and is proud to offer you the following: Product Solutions — When it comes to long-term care insurance, there isn’t a one-size-fits-all solution. Every client
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Jamaica incentive trip dates changed
COVID-19 has certainly complicated business as usual. Yet our top LTC agents still deserve their time in the sun when they go above and beyond — now more than ever. But to ensure more of our agents are able to attend our 2021 incentive trip to Jamaica, we’ve decided to change the dates. Originally set for March 28 — April 1, 2021, the incentive trip will now take place October 17 — 21, 2021. We recognize these are difficult times for many and traveling right now may not be possible. This is our way of making sure our dedicated agents
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EssentialLTC compensation structure updates
You asked and we listened Your feedback was used to simplify and enhance National Guardian Life Insurance Company’s (NGL) EssentialLTC Long Term Care insurance compensation schedule. These changes are available starting on January 1, 2021. We encourage you to ask GoldenCare about the changes and about signing the new schedule. Simplified compensation structure Your compensation is important to us. We listened to you and heard that you wanted a simplified compensation structure, making it easier for you to understand how you will be paid. Instead of eight levels of age bands, there are now two levels: Issue ages 40-69 Issue
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Important Transamerica Update
The Transamerica companies are part of the worldwide group of Aegon companies. As an international life insurance, pensions, and asset management company based in The Hague, Aegon has businesses in over 20 markets in the Americas, Europe, and Asia. Aegon Capital Markets Day: Leader in investment, protection, and retirement solutions December 10, 2020, 07:00 CET At today’s Capital Markets Day, Aegon CEO Lard Friese announces the company’s new strategy and financial targets for the period 2021 to 2023. Financial Targets 2021 — 2023 Reduce gross financial leverage to EUR 5.0 to 5.5 billion Implement expense savings program of EUR 400
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Thrivent LTC: COVID-19 Underwriting Update
Long Term Care: COVID-19 Underwriting Update Effective 12/8/20: Applicants ages 18-60 who are positive for COVID with no hospitalization, fully recovered and are symptom free for 30 days can be considered for coverage. Applicants ages 61-69 who are positive for COVID with no hospitalization, fully recovered and are symptom free for 60 days can be considered for coverage. If the applicant has not met the 60 day requirement but has a physician’s statement noting they have been seen and are fully recovered can be considered for coverage. Applicants age 70 & up who are positive for COVID with no hospitalization,
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December LTC Claims Webinar – Register Now!
WE’RE HOSTING AN LTC WEBINAR SERIES Join your Mutual of Omaha Claims Team as we cover what happens come claim time. The event is scheduled for Thursday, December 17, 2020 Start Time: 10:30 AM Central Duration: 30 minutes REGISTER NOW! If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com. December LTC Claims Webinar – Register Now! #goldencareagent #mutualofomaha #longtermcare
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