In addition to the 41 states that already have the lower monthly modal premium factor, on 10/11/19 the monthly modal premium factor changed from .095 to .0875 in an additional 5 states: CT, DE, IN, ND, and SD. This will affect new business and active policies retroactive to their effective date with a refund of premiums. See our release announcement for additional information regarding: Newly revised illustration software Notification to active policyholders Refund of premiums Release Announcement How to Learn More Contact NGL’s Sales Support Team at (888) 505-2332 or status@ngl-essentialLTC.com. #goldencareagent #ngl
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The Secret About 10-Year and Single Premium Payments
A Limited-Duration Premium Payment Option May Be Cheaper In The Long Run Limited-Duration Premium Payment Options In addition to a lifetime premium payment duration, EssentialLTC also offers limited duration premium payment options to provide the flexibility to design a policy for many consumers’ financial goals: 10-YEAR PREMIUM This option provides premiums to be paid over a 10-year period, after which no further premiums will be due. Premiums are only subject to change during the 10-year premium payment period. After the 10-year premium payment period, the policy will be fully paid-up, noncancelable, and not subject to rate increases. SINGLE
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EssentialLTC Product Introduction Guide Update
E-APP Enhancements This revamped version of the Product Introduction Guide was designed to provide key information regarding: • NGL’s focus on LTCi • NGL’s history & financials • EssentialLTC’s most popular features It also includes a brief explanation of all features within the EssentialLTC product. Use this as your go-to resource for initial information regarding NGL and EssentialLTC. If you have questions, please call NGL at (888) 505-2332 or email status@ngl-essentialLTC.com. EssentialLTC Product Introduction Guide Update #goldencareagent #ngl
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EssentialLTC E-APP Enhancements
E-APP Enhancements Effective 8/29, the following enhancements were made to the EssentialLTC E-APP: Additional clarity on where to enter the Primary Care Physician’s name and phone number The premium mode selection will only have to be made one time and will carry through to other sections of the E-APP You can now access PDF copies of submitted E-APPS in the Agent Resource Center in YOUR E-APP SUMMARY REPORTS in addition to accessing a PDF copy in the email sent once all required signatures are received More changes to continue to improve our E-APP experience are coming soon! Uploaded Paper Applications
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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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EssentialLTC – Partnership Exchange Mailings in 3 States (KY, OH & OR)
With the recent Partnership policy approval in select states, we are happy to announce that the exchange of eligible National Guardian Life (NGL) EssentialLTC policies is scheduled to occur in the following three states: Kentucky Ohio Oregon Exchanges of eligible EssentialLTC policies in these states are scheduled to begin July 19, 2019. Eligibility for Automatic Exchange to a Partnership Policy To be considered as eligible for an automatic exchange to a Partnership policy, the inforce EssentialLTC Long Term Care insurance policy would need to meet all of the following LTC Partnership eligibility requirements: active policy issued and inforce that
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Joe Guyotte joins NGL as National Sales Vice President
Madison-based mutual life insurance company, National Guardian Life Insurance Company (NGL), is pleased to announce that Joe Guyotte joined the Specialty Insurance Markets team as National Sales Manager – Individual Markets. Guyotte will focus on developing and implementing marketing plans with current and potential marketing organizations. He will also be working with agents for NGL’s individual products lines of business, including EssentialLTC (Long Term Care insurance) and Medicare Supplement. “We are excited for Joe to join our growing team. NGL believes in providing people the peace of mind and financial security they want in their retirement years. With the senior
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EssentialLTC Offering Policy Lifetime Renewals
Now Available: Policy Lifetime Commissions We appreciate the opinions of our valued field sales partners. To continue to build upon a mutually successful relationship, National Guardian Life Insurance Company (NGL) is thrilled to provide a comprehensive commission structure that offers: A new option with renewal commission for the life of the policy First-year commission on the premium for the Base Policy and all riders Renewal commission on the premium for the Base Policy and Inflation Protection Riders Direct deposit View the Policy Lifetime Commissions Flyer If you have questions, please call NGL at (888) 505-2332 or email status@ngl-essentialLTC.com.
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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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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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