July 30, 2019 | Long-Term Care Newsletter

ARM Home Office Closed August 2

ARM's Home Office will be closed all day on Friday, August 2 for our annual summer outing. We will re-open at 8:30 AM ET on Monday, August 5 and handle all outstanding inquiries at that time.
Retroactive Partnership Exchange Eligibility

Effective July 19, 2019 , NGL has announced that the exchange of eligible EssentialLTC policies is scheduled to occur in Kentucky , Ohio , and Oregon . All eligible policies will be automatically exchanged for a partnership policy in these states. To learn more about the associated eligibility requirements, click the link below.

CLICK HERE for the full announcement
Mutual of Omaha Underwriting Updates

Mutual of Omaha currently requires all applicants, regardless of age, to have completed a physical exam within the past two years. If no exam has been completed, Mutual of Omaha will now offer clients the following two options:

Option 1 (All Applicants)

Applicant can schedule and complete a physical with their physician of choice after the application has been submitted. Please note, since applications are only valid for 90 days, clients must complete their exams and underwriting must receive medical records within that time-frame.

Option 2 (Only for Applicants 59 and Younger)

Mutual of Omaha will provide a paramedical exam and labs at no cost to the client. Please note, this option can only be used by clients for whom medical records are not required (Mutual of Omaha only orders medical records “for cause,” so if records wouldn’t otherwise be required, this option can be exercised).

Stay tuned for an updated underwriting guide reflecting these changes in Q4 2019.

Premium Rate Action

Effective July 22, 2019 , Genworth implemented rate action on in-force business in Alaska, Ohio and Michigan for the Classic Select ™ product series. Click the links below for more information.

CLICK HERE for more info on rate action in Alaska
CLICK HERE for more info on rate action in Ohio
CLICK HERE for more info on rate action in Michigan


Effective July 22, 2019, Genworth implemented a revised version of their rate action in Alaska, Ohio and Michigan for their Privileged Choice ™ product series. This bulletin modifies the agent and policyholder notification dates from the original bulletin distributed on July 15th, 2019 . Click the links below for more information.

CLICK HERE for more info on rate action in Alaska
CLICK HERE for more info on rate action in Ohio
CLICK HERE for more info on rate action in Michigan
Commission Pay Schedule

Genworth is changing the timing of the end of year paydown . Click the link below for more information regarding the new schedule.

CLICK HERE for more info on the new 2019 commission pay schedule





Advanced Resources Marketing
Pioneering Long-Term Care Insurance Strategies
313 Washington Street, Suite 225 Newton, MA 02458
800-269-2622 | info@armltc.com | www.armltc.com