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.
Hello 2020! Jan 9, 2020
NJLTC would like to thank all of you who have made this past year extremely successful for us. As we enter our 19th year in business, we are thankful not only to have a growing and thriving business, but even more thankful for the friendships and partnerships we have made with all of you along the way. NJLTC would not exist without our producers’ loyalty, trust, and constructive criticism, all of which we value greatly. Traditional LTC, Hybrid Life/LTC expansion, business DI products, Disability Income and the exciting GSI (Guaranteed Standard Issue) DI Markets continue to allow creative solutions for your clients. This first NJLTC blast of 2020 highlights disability income changes (to the positive) from several of our key carriers. READ MORE
Group DI Case Study Dec 18, 2019
In this blast we will see a case study that involves Group Disability Coverage and highlights the importance of your clients knowing the possible shortcomings of Group LTD, as well as the importance of their being educated on supplemental Individual DI. This case study shows us how crucial it is that your clients are aware that supplemental Individual DI is available to them, and demonstrates how it keeps their overall disability coverage comprehensive and complete.
At the conclusion of our case study, please also look at the following articles:
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LTC / Life Hybrid Update Dec 16, 2019
As we know, beginning January 1, 2020, any new life insurance policy issued will need to adhere to the 2017 Commissioners Standard Ordinary (CSO) Table, which is a new mortality table used in product pricing, as well as Principle-Based Reserving (PBR), which is a new way of calculating reserves to pay future claims. The effect of this on the life insurance market, and more specifically to the LTC/Life Hybrid market, was an onslaught of newly priced/remodeled products.
Due to all these changes, we thought we would roll out a brief snapshot of the current hybrid offerings from each carrier -
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