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.
Moving Through May May 28, 2020
While May remains “Disability Awareness Month” it is time to talk long term care in this blast. We have pieces from several carriers as well as a couple of industry articles to keep you up to date. Take some time to review the following items:
Disability Awareness Month May 11, 2020
May is here and hopefully warm weather will send the Covid-19 virus away permanently, if not for a few months. Cara, Dennis, and I look forward to visiting each of you to go over the vast and ever changing landscape in both the LTC/LTC Hybrid and disability marketplaces. Keep touching base at www.njltc.com to find the latest happening in the NJLTC marketplace section. Today’s blast covers a variety of topics from Nationwide Care Matters increase (Securian, Pac Life, and Lincoln are all likely to announce similar increases in the near future as well) to info from the Council of Disability Awareness for May, as it is “Disability Insurance Awareness Month”.
Examiners are equipped with (PPE) Personal Protection Equipment:
Examiners are required to wear gloves.
Examiners are required to wear long sleeves, long pants, closed-toe shoes or scrubs.
Examiners are required to wear facial protection that protects eyes, nose and mouth.
Copies of a paramed exam and lab that were previously completed within the last 6 months.
Applicant's primary care physician may complete the exam and lab - contact our office for forms and reimbursement options for the exam and lab.
Upon receipt of a fully completed application, a conditional binder for Accident & Sickness with a full pre-existing condition exclusion can be offered for coverage for up to 60 days. Should underwriting not be completed in that 60-day time period, including but not limited to exam, lab, and medical records, the conditional binder will be canceled flat from inception.
Subject to satisfactory fully completed application.
Moving in to May May 4, 2020
As we wrap up April NJLTC felt it was important to bring you up to date on the many underwriting changes around the Covid-19 virus situation.
Almost all companies have responded in some way to either limiting underwriting or in some cases liberalizing what you can purchase without medicals. Also in here you will see information from the states of NY and NJ around grace period premium extensions. There are also similar extensions from the carriers themselves if you qualify. At NJLTC we all hope that you remain safe and your families are well. Appreciate your business and although many of us are working from home it is business as usual at NJLTC…….Thanks so much for your support in these difficult times.