Lincoln Financial has updated its year-end guidelines for life insurance products. Upcoming deadlines include submissions of 1035 exchange applications, applications and tickets requesting a Tele-App or Phone PHI, full applications and tickets requesting an online interview, and 2022 compensation income placement.
Genworth Announces In-Force Rate Increases in Pennsylvania
Genworth Financial has announced in-force rate increases in Pennsylvania for its PCS I and PCS II long-term care insurance products, effective Oct. 24, 2022. Policyholders will begin being notified of these changes starting Nov. 1, 2022.
Nationwide Announces Improvements for Life Products
Beginning Nov. 7, 2022, Nationwide is implementing a price improvement across all scenarios for the current CareMatters II product. Additionally, an increase in the maximum issue age for YourLife CareMatters has been announced in California and New York.
Note: These pricing changes do not apply to Nationwide YourLife CareMatters in New York and California.
LTCI In-Force Rate Adjustments Announced for Six States
Mutual of Omaha has announced in-force rate adjustments for certain LTCI policies in Kansas, Massachusetts, Nevada, North Carolina, Utah, and Virginia. The changes will go into effect on Jan. 1, 2023.
Genworth Announces In-Force Rate Increases in South Dakota
Genworth Financial has announced in-force rate increases in South Dakota for its Privileged Choice®, Classic Select®, PCS II, and Choice 1 long-term care insurance products, effective Oct. 17, 2022. Policyholders will begin being notified of these changes starting Oct. 25, 2022.
Thrivent Announces New Membership Benefit with Homethrive
Thrivent has announced a partnership with Dari by Homethrive to provide a new membership benefit. Dari offers online resources such as articles, videos, blogs, and more related to aging and caregiving. Users can also chat live with an expert, get personalized recommendations, and subscribe to relevant email content.
OneAmerica Announces Change to Medical Requirements for Full Underwriting
Effective immediately, OneAmerica’s laboratory vendor now requires a blood specimen to complete the panel of tests full underwriting requires. Blood specimens will be required for adults age 35 and older on products issued and underwritten by State Life for face amounts of $0 to $99,999. This change will not impact the processing time for underwriting and only applies to full underwriting. Expedited underwriting is not affected.
Lincoln Financial Implements Automated Follow-Up Email eReply Portal
Beginning Sept. 26, 2022, Lincoln Financial Group has implemented an Automated Follow-Up (AFU) Email eReply Portal. This enables users to reply directly to outstanding requirements, upload documents and forms, and more. An eSignature Agreement Protocol was also provided.
Halcom Policyholder Mailing Lists Now Available
Genworth Financial has announced that all servicing agents will be able to view a list of their clients who are Halcom Settlement Class Members on Genworth.com/PRO starting on Oct. 7, 2022.
Genworth Announces In-Force Rate Increases in California
Genworth Financial has announced in-force rate increases in California for its PCS I, PCS II, and Choice 1 long-term care insurance products, effective Oct. 3, 2022. Policyholders will begin being notified of these changes starting Oct. 11, 2022.
