We have expanded the quoting options on our website with the addition of Principal disability and the final expense, long-term care, cancer, critical illness and express issue life insurance plans issued by Mutual of Omaha. These can all be found by clicking on Illustrations from the menu after logging in. Look for additional enhancements to our website in the coming weeks.
The Brokers Network is proud to announce our newest addition, MassMutual. Rated A++ (Superior) by A.M. Best, MassMutual is a Forbes 500 company with over $300 billion in assets and over $830 billion of protection inforce. Contact us for more information on MassMutual’s portfolio of whole life, term life, guaranteed universal life, disability and long-term care products.
Did you know that 55% say most people need long-term care insurance (LTCi), yet only 15% own it? This is according to the 2019 Insurance Barometer Study by Life Happens and LIMRA. That stat underscores how important it is to get the word out to your clients and prospects about the value of having LTCi in place before it is needed. But as we know, your clients who need it are not all alike, so the way that you communicate with them should be as distinct as they are. To help you do that, Life Happens has expanded its suite of LTCI resources that you can begin using now, for November’s Long-Term Care Insurance Awareness Month and beyond. | more
John Hancock has been a leader with their Long-Term Care rider while also rewarding customers for healthy choices with the Vitality program. And now, their Critical Illness Benefit rider is raising the bar for comprehensive coverage. The new rider pays a lump-sum income tax-free benefit that is separate from – and in addition to – the death benefit. Protecting your clients during their working years and in retirement has never been more important, so John Hancock has made it easy and affordable to do both. | more
Over the course of four phases, Genworth will be increasing premiums by 98.1% on inforce Privileged Choice and Classic Select long-term care (LTC) policies issued in Florida. The first phase will be a 25.6% premium increase and will apply only to individual policies with issue ages of 18-70.
While this is terrible news, do not let this discourage you from recommending LTC protection to your clients. We have many plans offering LTC protection with both guaranteed premiums and guaranteed benefits. Contact us for more information on the new generation of LTC options.
Join The Brokers Network with our special guest Nationwide Financial for an informative discuss on the continuing rising costs of informal caregiving. An Informal Caregiver is an unpaid individual (for example, a spouse, partner, family member, friend or neighbor) involved in assisting others with Activities of Daily Living (ADLs) and/or Instrumental Activities of Daily Living (iADLs). The need for informal care is growing much faster than other forms of senior care and is usually not covered by most traditional long-term care policies.
In this presentation, you will learn about informal caregiving and how Nationwide can help meet this growing need.
Effective April 1, 2018, Genworth suspended sales of individual long-term care insurance in Florida. Genworth is working on innovative new products in long-term care insurance, life insurance and annuities, and, in consultation with the State of Florida, will seek to re-enter the Florida market in the future. This change will not affect existing life, annuity or long-term care policyholders.
Join The Brokers Network with our special guest Nationwide Financial for an informative discuss on the continuing rising costs of informal caregiving. An Informal Caregiver is an unpaid individual (for example, a spouse, partner, family member, friend or neighbor) involved in assisting others with Activities of Daily Living (ADLs) and/or Instrumental Activities of Daily Living (iADLs). The need for informal care is growing much faster than other forms of senior care and is usually not covered by most traditional long-term care policies.
In this presentation, you will learn about informal caregiving and how Nationwide can help meet this growing need.
Moody’s Investors Service has downgraded the insurance financial strength (IFS) ratings of Genworth Financial’s long-term care (LTC) subsidiaries, Genworth Life Insurance Company and Genworth Life Insurance Company of New York to Ba3 from Ba2. The rating downgrade and continued review for downgrade reflects Genworth’s uncertainty related to future LTC margins, as reported in its year-end 2016 results, and the continued execution risk of the company’s plan to restructure and isolate its LTC operations from its remaining businesses. In addition, the profitability and margins of the LTC business are heavily supported by Genworth’s assumption of significant future rate increases. Despite the significant rate increases that the company has submitted and received, they remain concerned about the tail risk associated with the LTC business in GLIC.