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.
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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LTC in the New Decade Nov 26, 2019
As we head into the last few weeks of 2019 and enter into a new decade, there is no time like today to be speaking with your clients about Long Term Care insurance. In this newsletter, please find industry information for 2020, as well as a number of LTC articles that address the true need for this coverage as part of your clients’ financial portfolios. READ MORE