Mutual of Omaha has announced its long-term care and long-term care rider underwriting guidelines have been updated effective immediately. If there are any questions regarding the updated guidelines, contact Mutual of Omaha.
SecureCare III Repriced in New Jersey
Effective May 8, 2023, Securian Financial has announced rates for SecureCare™ III were reduced by 25 percent across all case scenarios in New Jersey. All pending applications that have an effective date on or after May 8, 2023, will automatically be eligible for and receive the new pricing. SecureCare III is a long-term care (LTC) and nonparticipating whole life insurance policy.
LTCI In-Force Rate Adjustments Announced for Arizona and West Virginia
Mutual of Omaha has announced in-force rate adjustments for certain LTCI policies in Arizona and West Virginia. The changes will go into effect on July 1, 2023.
LTCI In-Force Rate Adjustments Announced for Three States
Mutual of Omaha has announced in-force rate adjustments for certain LTCI policies in Colorado, Florida, and Missouri. The changes will go into effect on June 1, 2023.
LTCI In-Force Rate Adjustments Announced in Utah and Wyoming
Mutual of Omaha has announced in-force rate adjustments for certain LTCI policies in Utah and Wyoming. The changes will go into effect on May 1, 2023.
ELCO Mutual Announces MYGA Product Updates
Effective January 1, 2023, ELCO Mutual Life & Annuity has added a seven-year term for its Multi-Year Guaranteed Deferred Annuity (MYGA) product. The one- and four-year terms have been discontinued.
Lincoln Financial announces pricing improvements for MoneyGuard Fixed Advantage®
Effective Jan. 23, 2023, Lincoln Financial will be implementing pricing decreases to its MoneyGuard Fixed Advantage® product. The pricing improvements range from 0% to 14%.
LTCI In-Force Rate Adjustments Announced for Four States
Mutual of Omaha has announced in-force rate adjustments for certain LTCI policies in Maine, New Hampshire, New Mexico, and Ohio. The changes will go into effect on Apr. 1, 2023, with the exception of Maine, which will go into effect on May 1, 2023.
SecureCare III Price Improvement
Effective Jan. 23, 2023, Securian Financial has announced rates for SecureCare™ III will be reduced by 25 percent across all case scenarios in all states except AZ, CA, CT, DE, DC, FL, IN, MT, NJ, ND, NY, SC, and SD. SecureCare III is a long-term care (LTC) and nonparticipating whole life insurance policy.
Update for California EssentialLTC Applications
In order to comply with new requirements for Fraud Notice language, National Guardian Life (NGL) has announced an updated form required for all California EssentialLTC applications dated Jan. 1, 2023, and after. The new application will be available via the EssentialLTC Agent Resource Center starting Dec. 30, 2022.
