November 24, 2020 | Long-Term Care Newsletter
ARM Home Office Holiday Hours
 
ARM's Home Office will be closed on Thursday, December 24, 2020 and Friday, December 25, 2020. The office will also be closed on Friday, January 1, 2021. Enjoy the holidays!
Simplified Compensation Structure
 
NGL’s EssentialLTC Long Term Care insurance compensation schedule has been simplified and enhanced. The new compensation plan will be available through your BGA starting on January 1, 2021.

Simplified compensation structure
Moving from eight age bands to two age bands:
• Issue ages 40-69
• Issue ages 70-79

If you have an active appointment with National Guardian Life, please reach out to your upline to sign the new schedule as soon as possible. If you have any questions about the new compensation schedule, please contact your upline.

CLICK HERE for more info
Updated Producer Convention Dates & Qualification Details
 
Transamerica has updated details about its annual producer convention. 2021's convention will now be held in Montego Bay, Jamaica from October 17 - 21, 2021. Additional, the qualification level for producers from the qualification period of January 1 - December 21, 2020 will now be $75,000 in paid premium. Click the link below for more details.

CLICK HERE to view the updated flier
Updated Overnight Address
 
Transamerica has changed its overnight address for new business and delivery requirements to the following:

Transamerica Long-Term Care
Document Management
6600 Chase Oaks Blvd, Ste 140
Plano, TX 75023
Carrier Covid-19 Reminders
Premium Rate Action
 
Effective February 1, 2021, Mutual of Omaha is implementing rate action on in-force business in Iowa, Oklahoma, and Florida. Click the link below for more info.

CLICK HERE for more info
Premium Rate Action
 
Effective November 30, 2020, Genworth implemented rate action on in-force business in Arkansas and Louisiana. Effective December 7, 2020, further rate action was implemented in Louisiana. Click the links below for more info.

CLICK HERE for more info about rate action in Arkansas
CLICK HERE, HERE, and HERE for more info about rate action in Louisiana



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