LTCI covers care provided outside of hospitals, Health insurance does not cover LTC. Medicaid does, but only for impoverished
|
|
- Theodora Wade
- 5 years ago
- Views:
Transcription
1 LONG TERM CARE INSURANCE
2 Why Long Term Care Insurance? LTCI covers care provided outside of hospitals, for chronic conditions Health insurance does not cover LTC Medicare does not cover LTC Medicaid does, but only for impoverished individuals (more about Partnership policies later)
3 What should you consider? How likely are you to need long term care? Are caregivers available? What is the cost of care in your area? Can you afford premiums for long term care insurance over the long term? Is it a tax qualified or non-tax qualified policy? Does offered policy meet your needs?
4 Outline of Coverage Premium Issues Renewability Waiver of premium Insurer s s right to change premium Free look
5 Outline of Coverage Benefits Covered services including deductibles, waiting periods, elimination periods and benefit maximums Institutional benefits by skill level Non-institutional benefits by skill level Eligibility for Payment of Benefits (benefit triggers) Limitations and exclusions
6 Personal Worksheet Designed to determine financial suitability Discloses insurer s right to raise premiums Insurer s rate increase history Discloses insurer s rate increase history Agent must ask applicant to complete Income/asset questions Inflation protection/elimination period questions Completion is voluntary but important Insurer may not complete sale without the information
7 Rate Increase Disclosure Form Rate schedule Potential rate revisions Options in the event of a rate increase Continue policy Reduce policy benefits Exercise nonforfeiture option Exercise contingent nonforfeiture option
8 Contingent Nonforfeiture Is available if cumulative premium increase exceeds specified amount Varies by age, i.e. % is 90% for issue ages 55-59, 20% for issue age 80 Provides paid up policy benefit CNF Benefit is the total amount paid in premiums before CNF exercised
9 Long Term Care Insurance Partnership (LTC-P) What is Asset Disregard? How does it work? Insured purchases a policy with $100 daily room benefit, 2 year benefit period Insured enters Assisted Living Facility (a covered facility), stays for 2 years Policy pays $ 73,000 in benefits
10 Insured applies for SoonerCare All SoonerCare eligibility criteria apply, except that $73,000 of assets that would ordinarily be counted are disregarded Insured retains $73,000 that would ordinarily have to be spent down For more information:
11 LTC Partnership Requirements Insured must be an Oklahoma resident (or resident of another Partnership state) when coverage first becomes effective Policy must: be tax-qualified and issued no earlier than July 1, 2008 comply with current Oklahoma law and NAIC Model requirements include inflation protection p Insurer must comply with reporting requirements
12 LTC-P Inflation Protection Requirements Insured less than 61 at time of purchase, 3% per year compounded annually, or a rate, compounded annually, that is based upon changes in the Consumer Price Index Insured age 61-75, 3% per year or CPI Insured 76+, inflation protection not required
13 LTC-P Disclosures Prospective applicants must be given a Partnership Program Notice that outlines the requirements and benefits of a Partnership Policy At issue, policy must include a Partnership Disclosure Notice LTC-P disclosures are in addition to other required disclosures
14 LTC-P Exchange Once an insurer begins to offer Partnership Policies, insurer must offer the opportunity to exchange an existing LTC policy for Partnership Policy Insurer must make offer to persons whose LTCs were issued on or after February 8, 2006 Insurer only required to make offer for LTC that is the type certified by the insurer
15 LTC-P Exchange Effective date of Partnership policy is that of the new policy Insured will not lose any rights, benefits or built- up value that has accrued under original policy Exchange may be a new policy or an endorsement to existing policy
16 LTC-P Optional Exchanges For policies issued before February 8, 2006, insurers may offer insureds an option to exchange If insurer does so, all exchange requirements apply, including time limits, underwriting, and rate requirements
17 LTC-P Reporting Requirements LTC Partnership insurers must report to Department of Health and Human Services when Insurance benefits have been paid and the amount of those benefits Partnership policy terminates t
18 Reporting Requirements Upon request of an insured, LTC Partnership insurer must provide insured with LTC Partnership Program Policy Summary. That document includes where the policy was issued, the inflation protection option included in the policy, the amount of benefits paid, and the total dollar amount of insurance benefits remaining.
19 Producer Training Requirements Producers must complete a one-time training course of no less than 8 hours Producers licensed for LTC on July 14, 2008, have one year to complete the one-time training course After the one-time training, producers must complete ongoing training of 4 hours every 24 months
20 Producer Training Requirements LTC insurers shall obtain verification that producer has received training before permitting producer to sell LTC Insurer must maintain verification and make it available to the Department upon request
21 Questions? Please contact ok Or visit our website, Select Consumers, then Senior Issues, then Learn More about SHIP
Selling Long-Term Care Insurance in Ohio (2012)
Selling Long-Term Care Insurance in Ohio (2012) Overview This section of the course is the opportunity to learn about the consumer suitability standards and guidelines for selling long-term care insurance
More informationEnclosure. Qualified Long-Term Care Partnerships Under the Deficit Reduction Act of 2005
Enclosure Qualified Long-Term Care Partnerships Under the Deficit Reduction Act of 2005 Centers for Medicare & Medicaid Services Center for Medicaid and State Operations July 27, 2006 Enclosure Highlights
More informationCustom Care II. the right protection at any age. the solution Custom Care II. the risk
Custom Care II the right protection at any age A common misconception about long-term care has been that only seniors need to plan for it. However, more young people than ever are incorporating long-term
More informationAPPENDIX A RESCISSION REPORTING FORM FOR LONG-TERM CARE POLICIES FOR THE STATE OF FOR THE REPORTING YEAR. Company Name: Address: Phone Number:
APPENDIX A RESCISSION REPORTING FORM FOR LONG-TERM CARE POLICIES FOR THE STATE OF FOR THE REPORTING YEAR Company Name: Address: Phone Number: Due: March 1 annually Instructions: The purpose of this form
More informationAdditional Details Comparision Worksheet 07/21/ /21/ /21/2014
Product Information Current as of: Inforce Premium Plan Description 7052CA 07/21/2014 07/21/2014 07/21/2014 $2.51 Billion LIMRA 2013 LTC Sales Tax qualified Reimbursement $211.4 Million LIMRA 2013 LTC
More informationNEW YORK STATE BAR ASSOCIATION. LEGALEase. Long-Term Care Insurance
NEW YORK STATE BAR ASSOCIATION LEGALEase Long-Term Care Insurance What is long-term care? Long-term care is ongoing custodial or skilled care for persons in need of assistance in caring for themselves.
More informationBerea College Group Long Term Care Insurance Program
Berea College Group Long Term Care Insurance Program Employee Presentation for Enrollment Period March 17, 2014 to April 11, 2014 Underwritten by Genworth Life Insurance Company. 2011 Genworth Financial,
More informationA plan for tomorrow that takes care of you today
John Hancock Life Insurance Company (U.S.A.) (John Hancock) Florida A plan for tomorrow that takes care of you today LTC-5001-2FL 7/06 Rev. 1/10 John Hancock Leading Edge Long-Term Care Insurance John
More informationProtecting your family, your assets and yourself with long-term care planning
A guide to long-term care for AICPA members Protecting your family, your assets and yourself with long-term care planning What you want to know today about your options for tomorrow. Table of Contents
More informationGettysburg College Group Long Term Care Insurance Program
Gettysburg College Group Long Term Care Insurance Program Employee Presentation for Enrollment Period 2/22/2016 to 3/18/2016 45145VPA 01/29/15 Underwritten by Genworth Life Insurance Company. 2014 Genworth
More informationTennessee Long-Term Care Partnership 1-Hour State Specific Course
Tennessee Long-Term Care Partnership 1-Hour State Specific Course Presented by: Sandi Kruise Insurance Training A division of Sandi Kruise Inc 1-800-517-7500 www.kruise.com Page 1 of 13 CONSUMER HANDOUT
More information9DISABILITY INCOME AND LONG-TERM CARE INSURANCE
9DISABILITY INCOME AND LONG-TERM CARE INSURANCE Disability income insurance and long-term care insurance provide important financial protection for American families. Disability income insurance serves
More informationMUTUAL OF OMAHA INSURANCE COMPANY MUTUAL OF OMAHA PLAZA, OMAHA, NE
MUTUAL OF OMAHA INSURANCE COMPANY MUTUAL OF OMAHA PLAZA, OMAHA, NE 68175 1-877-894-2478 INDIVIDUAL LONG-TERM CARE INSURANCE OUTLINE OF COVERAGE FOR POLICY SERIES LTC13 TAX-QUALIFIED NOTICE TO BUYER: This
More informationLong-Term Care Insurance Best Practices: Clients & Claims. Bill Comfort, CSA, CLTC, LTCCP
1 Long-Term Care Insurance Best Practices: Clients & Claims Bill Comfort, CSA, CLTC, LTCCP www.comfortltc.com 2 3 4 5 Marketing to LTCI Policyholders LTC insurance = private-pay ability Market your care
More informationA Shopper s Guide to. Long-Term Care Insurance
A Shopper s Guide to Long-Term Care Insurance About the NAIC The National Association of Insurance Commissioners (NAIC) is the oldest association of state government officials. Its members are the chief
More informationFREQUENTLY ASKED QUESTIONS
FREQUENTLY ASKED QUESTIONS Office of Policy and Management April 2016 The Connecticut Partnership for Long-Term Care is a program of the State of Connecticut, conducted in cooperation with the private
More informationHelp protect your future and your family s well-being
New York Partnership Total Asset Protection Plans Help protect your future and your family s well-being LTC-8000NYP TAP 11/11 Custom Care III New York Partnership Long-Term Care Insurance John Hancock
More informationHighlight. Product. Simplicity Long Term Care Insurance. Simplicity makes LTCi work the way it should easy to sell, easy to use.
Simplicity Long Term Care Insurance Product Highlight Tool Simplicity makes LTCi work the way it should easy to sell, easy to use. For Agent Use Only S604 (12-04) MEDAMERICA GROUP At MedAmerica, the group
More informationHelp protect your future and your family s well-being
John Hancock Life Insurance Company (U.S.A.) Connecticut Help protect your future and your family s well-being LTC-8000CT 11/11 Custom Care III Long-Term Care Insurance John Hancock A name people know
More information2016 LTC Individual Policy
2016 LTC Individual Policy Rate Action Information Guide Long-Term Care Insurance For financial professional use only. Not for use with the public. Long-term care insurance is underwritten by John Hancock
More informationOptions for Long Term Care Financing. Jedd Hampton, LeadingAge California
Options for Long Term Care Financing Jedd Hampton, LeadingAge California Among persons age 65 and over, an estimated 70 percent will use Long Term Services and Supports (LTSS) 85% of LTSS needs last less
More informationLTC Individual Policy Rate Action Information Guide
EDITION 1 2010-2011 LTC Individual Policy Rate Action Information Guide LTC-1105 9/10 For financial professional use only. Not for use with the public. Long-term care insurance is underwritten by John
More informationHelp protect your future and your family s well-being
John Hancock Life Insurance Company (U.S.A.) Indiana Partnership Help protect your future and your family s well-being LTC-8000INP 5/11 Custom Care III Indiana Partnership Long-Term Care Insurance John
More informationSTANDARDS FOR FORMS REQUIRED TO BE USED WITH AN INDIVIDUAL LONG-TERM CARE INSURANCE APPLICATION
STANDARDS FOR FORMS REQUIRED TO BE USED WITH AN INDIVIDUAL LONG-TERM CARE INSURANCE APPLICATION SUITABILITY FORMS POTENTIAL RATE INCREASE DISCLOSURE FORM REPLACEMENT NOTICE HIPAA MEDICAL AUTHORIZATION
More informationHelping You Meet Your Needs For Long-Term Care
Helping You Meet Your Needs For Long-Term Care Planning for long-term care requires important decisions. Let Bankers help design an insurance plan which fits your needs. The purpose of this advertisement
More informationIt s about living life on your terms.
A Solutions Guide for Individuals It s about living life on your terms. SignatureCare 500 Partnership Programs insure Insurance invest Strategies retire LTC52000P Contents 1 The need for long term care
More informationA Shopper s Guide to Long-Term Care Insurance
A Shopper s Guide to Long-Term Care Insurance Published by the December 2013 Getting Help from TDI If you believe an insurance company has treated you unfairly, first contact your company and try to resolve
More informationLifetime Loss Ratio ( LLR ) Without/with proposed rate increase of 32.25% (actuarially equivalent to two 15% increases) Nationwide experience
June 13, 2018 Re: LTC-FAC, LTC-VAL, LTC-IDEAL and LTC-PREM Issued by Metropolitan Life Insurance Company (MetLife) Attached is the filing for the captioned forms. This letter provides an overview of the
More informationCustom Care II and Essential Care II Product Comparison Chart
Custom Care II and Essential Care II Product Comparison Chart Benefit Trigger 2/6 ADLs Same Same Same Cognitive impairment Hands-on or standby assistance 90-day certification NH/HHC Pools 1 Pool 1 Pool
More informationLong-Term Care Insurance
Formed in 1871, the National Association of Insurance Commissioners (NAIC) is a voluntary organization of the chief insurance regulatory officials of the 50 states, the District of Columbia and five U.S.
More informationOklahoma Health Care Authority
Oklahoma Health Care Authority SOONERCARE 1115(a) Research and Demonstration Waiver Demonstration Project No. 11-W-0048/6 Proposed through December 31, 2018 Attachment B, BUDGET NEUTRALITY May 2017 Budget
More informationIt s about living life on your terms.
A Solutions Guide for Individuals It s about living life on your terms. SignatureCare 500 Partnership Programs insure invest retire Insurance Strategies LTC54000P Contents 1 The need for long term care
More informationSEAC. Would You Like LTC/Critical Illness With That? June 23, LTC/CI with
SEAC Would You Like LTC/Critical Illness With That? June 23, 2005 Carl Friedrich, FSA, MAAA Consulting Actuary Milliman, Inc. 1 Individual life products continue to evolve UL focus on flexibility and interest
More informationTroy University Long-Term Care Insurance Plan
LTCi Plan Overview Troy University Troy University is pleased to offer Long-Term Care Insurance (LTCi) from LifeSecure: the leader in worksite longterm care insurance. People of any age could have an extended
More informationHelp protect your future and your family s well-being
John Hancock Life Insurance Company (U.S.A.) Florida Help protect your future and your family s well-being LTC-8000FL 9/11 Custom Care III Long-Term Care Insurance John Hancock A name people know and trust
More informationLONG TERM CARE INSURANCE OUTLINE OF COVERAGE
Unum Life Insurance Company of America 2211 Congress Street Portland, Maine 04122 (207) 575-2211 LONG TERM CARE INSURANCE OUTLINE OF COVERAGE Policy Form No.: RGLTC04 FOR THE EMPLOYEES OF ATRIUS HEALTH
More informationLong-Term Care Protection
Long-Term Care Protection UW Retirement Association - March 20, 2007 Presented by: Thomas G. Buresh, CPA, CFP, PFS Suby, Von Haden & Associates, S.C. (800) 279-2616 What are we here to talk about? What
More informationTips for Successful Selling
SELLER S GUIDE Tips for Successful Selling Performance LTC LTC-5642 4/15 For financial professional use only. Not for use with the public. Long-Term Care Insurance Performance LTC For over 25 years, John
More informationHelping you protect your financial security and your family s well-being.
Helping you protect your financial security and your family s well-being. LTC-3701 9/05 Custom Care II Long Term Care Insurance Choosing a leader in long term care insurance. A John Hancock long term
More informationLTC PROTECTION. Rider Seller s Guide. What you need to know about Long-Term Care and John Hancock s LTC Rider SELLER S GUIDE
SELLER S GUIDE LTC Rider Seller s Guide PROTECTION What you need to know about Long-Term Care and John Hancock s LTC Rider LIFE-4225 10/16 For agent use only. This material may not be used with the public.
More informationLong-Term Care Insurance Basics
Raymond James & Associates, Inc. Margaret Starner, CFP The Starner Group 2525 Ponce de Leon Blvd Suite 600 Coral Gables, FL 33134 305-461-6660 800-523-3295 margaret.starner@raymondjames.com Long-Term Care
More informationYOU HAVE QUESTIONS. WE HAVE ANSWERS.
YOU HAVE QUESTIONS. WE HAVE ANSWERS. Explaining the issues currently affecting long-term care insurance. What s going on? Why are carriers such as MetLife discontinuing new sales? Why are we bullish about
More informationA Shopper s Guide to
A Shopper s Guide to LONG-TERM CARE INSURANCE NAIC National Association of Insurance Commissioners Table of Contents A Shopper s Guide to Long-Term Care Insurance About This Shopper s Guide 2 What Is Long-Term
More informationhelp Preserve freedom of
TLC PBR 0608 CMR Even the most carefully laid out fi nancial plan can be negatively impacted by a long term care need. For this reason, Transamerica Life Insurance Company has designed an insurance plan
More information2017 WORKBOOK. Mandatory LTC Training
2017 WORKBOOK Mandatory LTC Training ABOUT THE AUTHOR EDUCATION CREDIT AND YOUR CERTIFICATE OF COMPLETION LTC Connection specializes exclusively in LTC insurance training and education and has been working
More informationIt s about living life on your terms.
A Solutions Guide for Individuals It s about living life on your terms. SignatureCare 500 insure Insurance invest Strategies retire LTC52000 Contents 1 The need for long term care affects the entire family.
More informationTHE LONG-TERM CARE PARTNERSHIP PROGRAM: What Role Will It Play in Broader Long-Term Care Policy?
THE LONG-TERM CARE PARTNERSHIP PROGRAM: What Role Will It Play in Broader Long-Term Care Policy? Mark R. Meiners Ph. D. Director, Center for Health Policy Research and Ethics George Mason University The
More informationTOI: LTC03I Individual Long Term Care Sub-TOI: LTC03I.001 Qualified
SERFF Tracking Number: MULF-126856968 State: Oregon Filing Company: John Hancock Life Insurance Company (USA) State Tracking Number: HL 0047 08, HL 0086 09, HL 0647 01, HL 0169 03, Company Tracking Number:
More informationSELLER S GUIDE LTC. Rider Seller s Guide. What you need to know about Long-Term Care and John Hancock s LTC Rider
SELLER S GUIDE LTC Rider Seller s Guide What you need to know about Long-Term Care and John Hancock s LTC Rider 2 Will Your Clients Be Ready for Long-Term Care (LTC) Needs? UNDERSTANDING THE FACTS FACT:
More informationCOPYRIGHT 2007 CLIENTELL CONTINUING EDUCATION 2 Corporate Plaza Drive, Suite 100 Newport Beach, CA (949) (A member of the Success CE
OREGON PARTNERSHIP LONG TERM CARE 8 HOUR COPYRIGHT 2007 CLIENTELL CONTINUING EDUCATION 2 Corporate Plaza Drive, Suite 100 Newport Beach, CA 92660 (949) 706-9425 (A member of the Success CE family of Companies.)
More informationLifetime Loss Ratio ( LLR ) Without/with proposed rate increase of 32.25% (actuarially equivalent to two 15% increases) Nationwide experience
June 12, 2018 Re: 1LTC-97-MD-1, 1LTC-97-MD-2, 2LTC-97-MD-1, 2LTC-97-MD-2 Issued by Metropolitan Life Insurance Company (MetLife) Attached is the filing for the captioned forms. This letter provides an
More informationUnderstand And Explain LTCi Rate Increases
Understand And Explain LTCi Rate Increases LTCi Producers Summit February 25, 2008 Amy Pahl, FSA, MAAA Milliman, Inc Minneapolis (952) 820-2419 amy.pahl@milliman.com Claude Thau, FSA, MAAA Target Insurance
More informationSTATE OF MINNESOTA DEPARTMENT OF COMMERCE
STATE OF MINNESOTA DEPARTMENT OF COMMERCE Bulletin 2007-10 Issued this 8th day of October, 2007 TO: All Insurers Writing Long Term Care Insurance in Minnesota SUBJECT: Long Term Care Partnership Inflation
More informationLong-Term Care Insurance Disclosures
Long-Term Care Insurance Disclosures Disclosure Requirements from Long-Term Care Insurance Model Act (#640) **** Section 6. Disclosure and Performance Standards for Long-Term Care Insurance A. The commissioner
More informationOFFERED BY. What Is the MedAmerica Insurance Company?
Welcome to OFFERED BY S502-For Agent Use Only 1 What Is the MedAmerica Insurance Company? A passionate, enthusiastic, committed financially successful, and stable company with a not for profit focus. We
More informationUnderstanding the Key Retirement Issues that are Avoided and Misunderstood
Understanding the Key Retirement Issues that are Avoided and Misunderstood Bob Carlson AAII-DC Editor, Retirement Watch February 28, 2015 800-552-1152 1 Conflicts and Confusion Two issues: Secure lifetime
More informationA Shopper s Guide To. Long-Term Care Insurance
A Shopper s Guide To Long-Term Care Insurance A Shopper s Guide to LONG-TERM CARE INSURANCE About the NAIC The National Association of Insurance Commissioners (NAIC) is the oldest association of state
More informationA Unique Chronic Care Financing Solution. Care made easy! TRL-364
A Unique Chronic Care Financing Solution TM Care made easy! TRL-364 TM Designed for today s recovery care needs. We ve all seen it happen An unexpected accident or sudden illness turns the world on its
More informationPrivileged Choice Flex
Privileged Choice Flex I Long Term Care Insurance Privileged Choice Flex Long Term Care Insurance 134242CAREV 06/09/15 Underwritten by Genworth Life Insurance Company, Richmond, VA 1 What Is Long Term
More informationUnited of Omaha Life Insurance Company A Mutual of Omaha Company. Living Care Annuity SETTING YOUR RISK BOUNDARIES PRODUCT GUIDE LC6576_1209
United of Omaha Life Insurance Company A Mutual of Omaha Company Living Care Annuity SETTING YOUR RISK BOUNDARIES PRODUCT GUIDE LC6576_1209 Setting Risk Boundaries You can t control the future, but you
More informationLONG TERM CARE INSURANCE FORMS BOOK
LONG TERM CARE INSURANCE FORMS BOOK North Carolina Underwritten by Genworth Life Insurance Company 38778NC 05/01/09 List of Contents: HIPAA Form Acknowledgment of Release Suitability Form Rate Disclosure
More informationGroup Long Term Care Insurance as an Employee Benefit
Group Long Term Care Insurance as an Employee Benefit A presentation for Coalition Member Institutions 140044 2018 Underwritten by Genworth Life Insurance Company. Genworth Financial, Inc. All rights reserved.
More informationICB Presents: Win at the LTCi Game in Hosted by: Your ICB Marketing Team
ICB Presents: Win at the LTCi Game in 2015 Hosted by: Your ICB Marketing Team Average LTCi Policy in NJ 55 year old couple $4,500 monthly benefit 3-year benefit period 3% compound inflation $295.31 monthly
More informationONG-TERM ARE NEEDS OCTOBER 04, PRESENTED BY: Bill Whitman Pinehill Financial 123 Main Street, Suite 33 Greenwood, NE phone:
PREPARED FOR: Neil and Judy Saunders 526 Bloom Circle Greenwood, NE 68366 phone: 854-558-6654 PRESENTED BY: Bill Whitman Pinehill Financial 123 Main Street, Suite 33 Greenwood, NE 68366 phone: 888-999-6655
More informationCorporate Solutions Custom Care II California
Corporate Solutions Custom Care II California PARADIGM INSURANCE MARKETING October 8, 2009 Presented by: Teresa B. Campama, MBA, CLTC Western Vice President, Corporate LTC Sales LTC-CS4049CA 7/09 Long-term
More informationAn Agent s Introduction to Long Term Care Insurance
An Agent s Introduction to Long Term Care Insurance The Long Term Care Solution Center October 2013 Table of Contents Introduction... 1 Daily Nursing Home & Health Aide Costs... 2 Section 1: Start Selling
More informationLong-Term Care Partnership Overview & Training Requirements Guide
Long-Term Care Partnership Overview & Training Requirements Guide Version Sept. 12, 2012 M28108 Contents LONG-TERM CARE PARTNERSHIP OVERVIEW & TRAINING REQUIREMENTS GUIDE Long-Term Care Partnership Overview...4
More informationLong Term Care Planning Solutions
Long Term Care Planning Solutions Helping Make Sense of It All Jack Morrone, CPA, CFP, PFS Today s Agenda When Is Long Term Care Insurance Right for You? Most Asked Questions about LTC What is LTC? Facts
More informationA SOURCE OF INCOME IN CASE OF CHRONIC OR TERMINAL ILLNESS
CREATED ECLUSIVELY FOR FINANCIAL PROFESSIONALS ADD MORE LIFE Navigating the Life Insurance and Healthcare Client Conversation PRUDENTIAL S PERMANENT, CASH VALUE POLICIES OFFER YOUR CLIENT SOME OPTIONS
More informationESSENTIAL CRITERIA TO CONSIDER IN LONG-TERM CARE REFORM
ESSENTIAL CRITERIA TO CONSIDER IN LONG-TERM CARE REFORM LINDA CHOW, FSA, MAAA PRESENTER; MEMBER, LTC CRITERIA WORK GROUP CHRIS GIESE, FSA, MAAA PRESENTER; MEMBER, LTC CRITERIA WORK GROUP DAVID LINN MODERATOR;
More informationA new approach to LTC insurance
PRODUCER GUIDE A new approach to LTC insurance Performance LTC LTC-5641 3/15 For professional use only. Not for use with the public. Long-Term Care Insurance Important Notice to Producers Please note that
More informationProtect your financial security and your family s well-being
Vermont Protect your financial security and your family s well-being LTC-4701VT 6/10 Custom Care II Enhanced Long-Term Care Insurance John Hancock A name people know and trust Backed by one of the most
More informationLong-Term Care Partnership Overview & Training Requirements Guide
Long-Term Care Insurance Mutual of Omaha Insurance Company SM Long-Term Care Partnership Overview & Training Requirements Guide 75014 Version November 16, 2015 For producer use only. Not for use with the
More informationSociety of Actuaries 2010 Health Meeting June 29, 2010
Society of Actuaries 2010 Health Meeting June 29, 2010 Presented by Monica Rutkowski 1 The purpose of this presentation is to provide a general overview of regulatory climate surrounding Long Term Care
More informationGenworth Life Insurance Company Page 1 of 43 Partnership Expansion Program Status Summary
Genworth Life Insurance Company Page 1 of 43 Version Date: 07/21/14 Important Updates are Highlighted Launched States are Shaded Definitions and Table Entries Key State Name Has the state passed the laws
More informationReport of the American Academy of Actuaries Long Term Care Risk Based Capital Work Group. NAIC Capital Adequacy Task Force
Supplement to the Report of the American Academy of Actuaries Long Term Care Risk Based Capital Work Group To the NAIC Capital Adequacy Task Force September 2004 The American Academy of Actuaries is the
More informationNationwide Life and Annuity Insurance Company
Helping clients plan for the costs of Understanding and planning Long-term care for long-term care ICC18-NRM-15379AO Nationwide Life and Annuity Insurance Company 1 Today s Agenda Why long-term care cost
More informationState of the Long-term Care Insurance Market
State of the Long-term Care Insurance Market Shift to a New Generation of Products Vincent L. Bodnar, Chief Actuary February 2, 2017 Long Long Term Term Care Care Group, Inc. 2017 Funding of US LTC Expenses
More informationYou d do anything to protect the ones you love. And we re ready to help. New York Life Insurance Company
You d do anything to protect the ones you love. And we re ready to help. New York Life Insurance Company 1640638 Decisions you make today may affect someone you love tomorrow. There s a good chance many
More information2015 Comprehensive Brochure. California Partnership for Long-Term Care
2015 Comprehensive Brochure California Partnership for Long-Term Care Table of Contents Introduction... 2 Section One: The Risks of Needing Long-Term Care... 2-5 A. What is long-term care?... 2 B. Will
More informationFacts-at-a-Glance. Performance LTC. Long-Term Care Insurance. LTC /16 Rev. 10/16. For producer use only. Not for use with consumers.
Facts-at-a-Glance Performance LTC LTC-5643 3/16 Rev. 10/16 a For producer use only. Not for use with consumers. Long-Term Care Insurance Facts-at-a-glance Performance LTC Policy Design Options 1 Issue
More informationLong-Term Care Policy Design
In the preceding chapter we learned why personal savings and assets, Medicare, and Medicaid are for most people not good ways to fund long-term care. But there is another approach to funding these expenses:
More informationCA$H-First. UNITED LTCi SOLUTIONS Assured Solutions GOLD Long-Term Care Insurance. United of Omaha Life Insurance Company FEATURING THE ADVANTAGE
UNITED LTCi SOLUTIONS Assured Solutions GOLD Long-Term Care Insurance United of Omaha Life Insurance Company A Mutual of Omaha Company FEATURING THE CA$H-First SM ADVANTAGE GC660_ID_0111 Your Life... Your
More informationStatistics. Fact 70% of persons age 65 or older Will need longterm. Custodial Care Activities of Daily Living. What is Long-Term Care?
The Long-Term Care Partnership Insurance Program in Montana Revised March 2017 What is Long-Term Care? Services & Support: Chronic illness Disabilities Other conditions that be limiting physically or mentally
More informationAgent Tax Guide. Long-Term Care Insurance. The Unique Tax Advantages of Traditional LTCi. For producer use only. Not for use with the general public.
Long-Term Care Insurance Agent Tax Guide The Unique Tax Advantages of Traditional LTCi For producer use only. Not for use with the general public. Mutual of Omaha Insurance Company 420290 There are a lot
More informationPaying for Long-Term Care
Paying for Long-Term Care Fact and Fiction about How to Pay for Long-Term Care Services Raymond S. Perkins, CLU Director of Brokerage Services Capitol Financial Solutions Member John Hancock Financial
More informationPreparing for Potential Long-Term Care Costs
Preparing for Potential Long-Term Care Costs Overview: Because of the costs involved, an argument could be made that all individuals should prepare for potential long-term care needs. Generally, individuals
More informationShort Term Recovery Care Insurance. Care made easy! TR-364
Short Term Recovery Care Insurance TM Care made easy! TR-364 TM Designed for today s short-term care needs. We ve all seen it happen An unexpected accident or sudden illness turns the world on its end.
More informationCA$H-First. UNITED LTCi SOLUTIONS Assured Solutions GOLD. Long-Term Care Insurance. United of Omaha Life Insurance Company A Mutual of Omaha Company
UNITED LTCi SOLUTIONS Assured Solutions GOLD Long-Term Care Insurance United of Omaha Life Insurance Company A Mutual of Omaha Company FEATURING THE CA$H-First SM ADVANTAGE GC812 Your Life... Your Way
More informationUnum Life Insurance Company of America 2211 Congress Street Portland, Maine (207)
Unum Life Insurance Company of America 2211 Congress Street Portland, Maine 04122 (207) 575-2211 QUALIFIED LONG TERM CARE INSURANCE OUTLINE OF COVERAGE FOR THE EMPLOYEES OF SIRIUS COMPUTER SOLUTIONS, INC.
More informationKemper Senior Solutions
Kemper Senior Solutions Offered by: Insurance Benefits Provided by Reserve National Insurance Company PP-KSS (6/13) For agent use only. Not for use in sales presentations Kemper Corporate Overview Multi-line
More informationCOPYRIGHT 2008 CLIENTELL CONTINUING EDUCATION 2 Corporate Plaza Drive, Suite 100 Newport Beach, CA (949) (A member of the Success CE
OHIO PARTNERSHIP LONG TERM CARE 8 HOUR COPYRIGHT 2008 CLIENTELL CONTINUING EDUCATION 2 Corporate Plaza Drive, Suite 100 Newport Beach, CA 92660 (949) 706-9425 (A member of the Success CE family of Companies.)
More informationLong-Term Care Insurance
producer guide Long-Term Care Insurance Custom Care II, Essential Care II, FamilyCare Benefit Commitment, innovation, and leadership in the long-term care insurance market Giving you greater access to
More informationTHE STATE LIFE INSURANCE COMPANY a ONEAMERICA company One American Square, P.O. Box 406 Indianapolis, IN
Asset-Care I Single Premium Whole Life Insurance with Long-Term Care Benefits for Either or Both Insureds Presented On: April 17, 2017 Prepared for: Prepared by: ADVANTAGE INSURANCE NOT A DEPOSIT NOT FDIC
More informationWhat s New in True Group? 2006 LTCi National Producers Summit November 6, 2006 Austin, Texas
What s New in True Group? 2006 LTCi National Producers Summit November 6, 2006 Austin, Texas Panelists Cathi-Lynne Ames National Sales Director MetLife Long-Term Care Group Chuck Breen Regional Sales Vice
More informationYOU ARE LOOKING FORWARD TO RETIREMENT BUT WHAT IF YOU NEED LONG-TERM CARE?
YOU ARE LOOKING FORWARD TO RETIREMENT...... BUT WHAT IF YOU NEED LONG-TERM CARE? WHAT IS LONG-TERM CARE? Do you think you will need it? If so, how long do you think you will need it? How much do you think
More informationProduct Introduction Guide
Product Introduction Guide Phone: (888) 505-2332 www.ngl-essentialltc.com For agent and broker use only. Not for distribution to the public. The Company Behind EssentialLTC National Guardian Life Insurance
More informationLong-term Care Primer. Your Guide to LTC Insurance and the State Partnership Program
Long-term Care Primer Your Guide to LTC Insurance and the State Partnership Program People age 65 face at least a 40% chance of entering a nursing home during their lifetime. - America s Health Insurance
More informationAsset-based LTC solutions
Care Solutions Asset-based LTC solutions Product overview and training guide OneAmerica is the marketing name for the companies of OneAmerica For use with financial professionals only. Not for public distribution.
More informationChapter Eleven LEARNING OBJECTIVES OVERVIEW Medicare Overview. Primary vs. Secondary Payor
Chapter Eleven Senior Needs LEARNING OBJECTIVES Upon the completion of this chapter, you will be able to: 1. Identify when Medicare is the primary or secondary payor 2. Explain both types of enrollment
More information