April 6, 2021 | Long-Term Care Newsletter

New Business and Underwriting Updates   Effective immediately, Transamerica will no longer consider appeals for declined cases. They will no longer be postponing applicants, either - those with acute medical histories will be declined and will not be reconsidered. Additionally, paper applications missing signature pages, applicant date of birth, or applicant social security number will be rejected and will have to be re-submitted once corrected. Click the link below for the full list of updates.   CLICK HERE to view the full announcement

Updated Connecticut Partnership Publications   The Connecticut Partnership for Long-Term Care has updated two of it's publications - the "Frequently Asked Questions" document and the "Cost of Long-Term Care" document. Click the links below to view the updated versions. CLICK HERE to view the updated FAQ CLICK HERE to view the updated "Cost of Care" publication

Carrier Covid-19 Reminders

CLICK HERE to see Transamerica's updated announcement regarding Grace Periods and policy mail outs CLICK HERE to see National Guardian Life's announcement stating that they're accepting apps on those 66+ CLICK HERE to see Genworth's announcement about the extension of Grace Periods CLICK HERE to see John Hancock's announcement about the extension of Grace Periods

REMINDER: EssentialLTC Product Enhancements in 38 States   Effective April 1, 2021, National Guardian Life enhanced product features and refreshed rates for EssentialLTC in the following 38 states:   Alaska, Alabama, Arkansas, Colorado, Georgia, Iowa, Idaho, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, North Carolina, Nebraska, New Hampshire, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, and Wyoming.   Updated quoting software and marketing materials are now available for download. Applications for these states have been updated and must be used going forward. The new applications and forms are available on the producer portal as well.   CLICK HERE to view the full announcement from National Guardian Life

Premium Rate Action   Effective March 29, 2021, Genworth implemented rate action on in-force business in Utah and Wyoming. Effective April 5, 2021, rate action was implemented in Washington DC, Kentucky, and South Dakota. Click the links below for more info. CLICK HERE for more info about rate action in Utah CLICK HERE for more info about rate action in Wyoming CLICK HERE for more info about rate action in Washington DC CLICK HERE for more info about rate action in Kentucky CLICK HERE for more info about rate action in South Dakota

ARMLTC.com ARM LinkedIn Cost of Care LTC.gov DRA Map

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