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 Industry News Oct 13, 2017
LTC, LTC, LTC....Whatever your personal opinion on the industry, the need is not going away. Long Term Care is a critical need that this country has to address in the coming years as the "baby boom" generation marches in to the 60+ age segment. It is difficult not to be able to make a clear case for all the need for Long Term Care coverage after reviewing the following information:
Genworth Update Oct 12, 2017
The Genworth / China Oceanwide merger remains the LTC industry's most important story of 2017. In this issue we have included several articles updating the progress of this critical transaction. The largest block of LTC business in our country, the future of traditional LTC, and quite possibly, the #1 health care crisis facing aging adults are directly impacted by this merger. Anyone who owns, sells, or is thinking of purchasing LTC should read the following items:
Deadline News Sep 11, 2017
TransAmerica new LTC rates will go in to effect in NY this Friday, September 15. NJLTC has been keeping you abreast of these rate developments and changes as they have been rolling out. New rates for both NY and NJ have been approved by both states. TransAmerica announced this past Friday, Spetember 8, that the NY rates will be active this week, read it here. The new rates are 40% - 50% higher, this illustration shows what the new rates will look like. READ MORE