February 13, 2023 “It appears the Washington State Legislature will not be considering any new changes to the WA Cares Fund during its 2023 session. CLTC has learned that the Washington Legislature does not plan to consider any of the recommended changes during its current, 2023 session. Speculation is that state lawmakers do not want to make changes that could create confusion before the plan officially starts July 1, when the new state LTC payroll tax collections begin. If the Legislature does not act on recommended changes this year, any updates to the first state-run LTC insurance program in the
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Washington State Sales Reminder | Holiday Hours
State of Washington LTC sales resume with limitations. Quote software updated to reflect WA limits. Beginning Nov. 20, Thrivent is once again accepting long-term care (LTC) applications for the state of Washington. What you need to know The $3,000 minimum monthly benefit that was in place immediately prior to suspension of Washington LTC sales will remain. The minimum contract holder age will go back to age 18. Because we cannot make the effective date a date other than the application date or issue date, LTC contracts sold in Washington going forward will not be eligible for the Washington Cares Act
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Industry News, Long-Term Care, and Thrivent.
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SecureCare UL sales in WA resume
SecureCare sales in WA resume Effective November 17, 2021, we are resuming sales of SecureCare Universal Life to Washington state residents. Please note: backdating will not be available to meet the guidelines for exemption from the WA Cares Fund. For SecureCare marketing resources, please visit our webpage. View marketing materials Contact us Questions Please call our SecureCare Sales Support Team at 1-888-900-1962. #goldencareagent #securian
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Industry News, Life Insurance, and Securian.
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Washington state commissions and upcoming holiday schedule
Washington state commissions Last week’s Washington state update contained an incorrect date range for commission charge backs. Here is the notice with the updated range: As a reminder, there will be full charge back of commissions on any Washington state applications submitted from May 24, 2021 – November 10, 2021 where the premium is not paid for the second year of coverage. We apologize for any confusion this may have caused. Upcoming holiday office hours Please see below for NGL’s EssentialLTC administration’s upcoming holiday office hours. Thank you for partnering with NGL. We wish you and your family a
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Industry News, Long-Term Care, and National Guardian Life.
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Resuming Individual LTCi Sales in the State of Washington
We are pleased to announce that effective December 1, 2021, Mutual of Omaha will once again be accepting individual long-term care insurance applications from the state of Washington. Note: We expect to provide an update on resuming LTC Rider sales in first quarter 2022. Important information to know: The MutualCare® Solutions Portfolio will resume sales without any minimum requirements. e-Applications, illustrations and quoting software will be available beginning December 1, 2021. Mutual of Omaha LTCi policies needed to be placed prior to November 1, 2021, to be eligible for the WA Cares Fund tax exemption. Any new applications will not
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Washington Update and LTC Awareness Month
Important Washington state update NGL is excited to announce that all sales restrictions in Washington state are eliminated effective immediately! We are able to lift the restrictions due to new business application submission levels returning to normal and our underwriters reaching a decision on 97% of Washington state applications as of November 1, 2021 on business that was submitted since June 1, 2021. As a reminder, there will be full charge back of commissions on any Washington state applications submitted from May 24, 2021 – November 10, 2021 where the premium is not paid into the second year of coverage.
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Resuming Washington state sales on 11/20
State of Washington long-term care applications accepted starting Nov. 20 Starting Nov. 20, we will once again begin accepting long-term care (LTC) applications for the state of Washington. What you need to know The $3,000 minimum monthly benefit that was in place immediately prior to suspension of Washington LTC sales will remain. The minimum contract holder age will go back to age 18. Because we cannot make the effective date a date other than the application date or issue date, LTC contracts sold in Washington going forward will not be eligible for the Washington Cares Act exemption. On November 20,
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Industry News, Long-Term Care, and Thrivent.
e-App, e-Application, electronic application, insurance, Long-Term Care, long-term care insurance, LTC, LTCi, Thrivent, Thrivent Financial, Thrivent Financial for Lutherans, WA Cares Act, WA Cares Fund, WA LTSS Trust Act, WA State, WA Trust Act, Washington, Washington state, and Washingtonians.
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WA long-term care application processing update
WA long-term care application processing update We would like to share an important application processing update now that the state of Washington (WA) Nov. 1st deadline has passed for individual coverage to be in place for the WA Cares Fund exemption. As you know, the volume of applications from WA put a significant strain on carriers and vendors who support this business across the industry. While OneAmerica® Underwriters and Case Managers are focused on processing as much business as possible before year-end, our processing times remain higher than normal. Unfortunately, our ability to provide and respond to status requests is
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Washington State backdating clarification
Washington State backdating clarification To clarify the last communication’s statement concerning backdating, any Washington State application received between November 1, 2021 and November 30, 2021, will not have the option to backdate. Washington State applications received on or after December 1, 2021, will once again have the option to backdate. We apologize for any confusion this may have caused. For agent inquiries contact your dedicated NGL Agent Services Team at 888.505.2332 or status@ngl-essentialltc.com. For sales questions contact the NGL Long-Term Care Sales Team at LTC@nglic.com. Washington State backdating clarification #goldencareagent #ngl
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Washington State New Business
Washington State New Business Beginning November 1, 2021, NGL will begin accepting new applications from Washington State. Due to the demand for LTC planning the Washington Cares Fund continues to generate, NGL has made the decision to place the following temporary minimums on all new Washington State applications: $3,000 annual lifetime premium – Modal equivalents – $1,560 semiannual, $810 quarterly, $263 monthly $6,000 annual 10-Year premium – Modal equivalents – $3,120 semiannual, $1,620 quarterly, $525 monthly $30,000 single premium Joint applications are subject to these minimums per application, not per applicant. Applications that do not meet the minimums listed above
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