Blasts & News
There are many changes taking place in the Long Term Care and Disability Insurance industries these days. The information comes from many different sources, and it can be quite confusing at times to put all the pieces together and make sense of it all. At NJLTC we send out several email newsletters , "Blasts" as we call them, a month. We keep our clients, brokers, and producers informed of all the relevant news, topics, and product updates that take place in our industry. Feel free to browse our archive of Blasts and News articles.
The State of LTC Mar 13, 2019
On the news of Genworth's "temporary" withdrawal from the LTC marketplace the urgency to sell LTC in some form remains greater than ever. Traditional LTC continues to struggle to find profitable ground. The hybrid Life/LTC plans are an important alternative that remains claims untested. The costs associated with long term care continues to skyrocket. This edition of the NJLTC blast talks about the costs of LTC, some statistics around claims, and some facts to help your sales efforts. There has never been a more important time to address this issue than now. Please read below:
Cost of Care - Please see a recent letter from a nursing home / assisted living facility in Brick, NJ. The insured is looking at 400+ per day in care costs....and Brick, NJ is hardly NYC. READ MORE
Important LTC Industry News Mar 9, 2019
Please call your rep at NJLTC with any questions you may have.
Suspension of All Individual Long Term Care Insurance and Income
Assurance Annuity Sales Through the BGA Channel Effective March
Effective Monday, March 11, 2019, Genworth will temporarily suspend sales of individual long term care insurance and the Income Assurance annuity through the BGA channel in all states. We will continue to sell these products through other channels.
Read the entire bulletin here READ MORE
More February LTC News Feb 19, 2019
A few further Long Term Care items we would like to share with you here as February marches on -
Please find a 2019 Tax Summary guide for LTC. This guide is provided to us from National Guardian, and does a terrific job of laying out all deductions and 1035 exchange rules. A perfect piece to use when selling LTC to your business owner clients.
Also, this information about TransElite, TransAmerica's GUL product that features LTC benefits. READ MORE