Mutual of Omaha has announced in-force rate adjustments for certain LTCI policies in Alabama, Alaska, Delaware, Hawaii, Maine, Massachusetts, Nebraska, Nevada, New Jersey, New Mexico, Pennsylvania, Puerto Rico, South Carolina, and Virginia. The changes will go into effect on Feb. 1, 2023, with the exception of Maine, which will go into effect on Mar. 1, 2023.
Genworth Financial is reminding agents that anyone who has been paid at least $600 in commissions in 2022 will receive Form 1099-NEC (Non-Employee Compensation). This includes all product lines.
Genworth Financial has announced in-force rate increases in Oklahoma for its Privileged Choice® Flex long-term care insurance products, effective Nov. 14, 2022. Policyholders will begin being notified of these changes starting Nov. 22, 2022.
Genworth Financial has announced in-force rate increases in North Dakota for its Privileged Choice® and Classic Select® long-term care insurance products, effective Nov. 14, 2022. Policyholders will begin being notified of these changes starting Nov. 22, 2022.
Genworth Financial has announced in-force rate increases in Delaware for its My Future, My Plan 1.0; My Future, My Plan, 2.0; and AARP Association Group long-term care insurance products, effective Nov. 14, 2022. Certificate holders will begin being notified of these changes starting Nov. 22, 2022.
The New York Department of Financial Services (DFS) has adopted a best interests standard for those licensed to sell life insurance and annuity products in New York. Amendments were implemented to ensure all recommendations related to the sale of these products are in the consumer’s best interests.
Genworth Financial is sharing a reminder that if a multi-carrier contracting automation system is used to complete the Producer Information and Appointment Form (PIF), it is the producer’s, agency’s, and general agent’s responsibility to ensure Genworth’s specific requirements are met.
Genworth Financial has announced in-force rate increases in Tennessee for its Pre-PCS long-term care insurance product, effective Oct. 31, 2022. Policyholders will begin being notified of these changes starting Nov. 8, 2022.
California civil regulations prevent the electronic signing and transmission of certain forms; therefore, Lincoln will not accept electronic signatures on any MoneyGuard form, including but not limited to, the Part I and Long-Term Care (LTC) Replacement forms.
Effective Oct. 24, 2022, all eligible standard Lincoln MoneyGuard® cases will receive the Couples Discount underwriting class, regardless of marital status, until Dec. 30, 2022.
Agent Advantage is an exclusive program for all active agents from The Krause Agency. To see if you qualify, complete the short application form below and a member of our team will provide you the necessary enrollment paperwork. If you have any questions about the program or this form, please contact our office directly at (800) 255-1932.
