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.
LTC & DI Marketplace Update Sep 5, 2017
A common LTC question that we run into is, “will this plan pay internationally?”. Some of the older policies used to offer fairly robust benefits, however now most of the traditional LTC carriers offer very limited benefits (usually 50% of one year), if they offer any benefit at all. However, there is still an option for clients who think they may end up outside of the US when it comes time for care. Nationwide’s Care Matters policy will cover international benefits on an indemnity basis – IF the policy is properly structured. Care Matters is traditionally a single premium LTC Hybrid policy, but also offers 5 and 10 pay flexible options as well. If you have a client who plans to be (or at least wants to be covered) abroad when receiving care, let us know and we can walk you through how the benefits will work! READ MORE
Genworth News Sep 1, 2017
Virginia regulators have approved the proposed acquisition of Genworth by China Oceanwide. This represents a big next step towards the completion of this process. Please click the link here to read the Genworth press release. Virginia Regulator Approves Proposed Oceanwide Acquisition of Genworth's Virginia-Domicilied Insurance Companies READ MORE
2017 Tax Guide & One America Review Aug 21, 2017
Mutual of Omaha has recently announced changes to their LTC underwriting guidelines, many for the better. This announcement lists some of the medical conditions where changes have been made, amongst which are sleep apnea and diabetes, two conditions we run into often in the underwriting process. Please contact our office with any specific questions regarding these changes. READ MORE