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.
GSI Feb 6, 2017
Moving into 2017, we want to continue to give you ideas to help you satisfy the needs of your clients. One of the major focuses of our office in 2017 is the continued push towards multi-life guaranteed issue disability, which is one of the most under-utilized features offered by the disability carriers. GSI amounts and offers will vary based on the factors of the individual groups, but here are the carriers and their minimum requirements for GSI offers:
2017 Tax Limits - LTC Marketplace Changes Jan 26, 2017
As we get started on our new sales year, please refer to the below 2017 Tax Deduction Limits for Traditional Long Term Care Insurance. Also to note in 2017, all individuals may now deduct qualified medical expenses that exceed 10 percent of adjusted gross income (AGI) for the year. READ MORE
Industry Notes & Looking Ahead Jan 11, 2017
Starting things off this time - Genworth has finally released rate increases on its AARP block of individual LTC business. This signifigant block of business, which Genworth was unable to increase when initially planned due to contractural obligations, has now been revised. This will go far to Genworth's goal of rate stability. READ MORE