November 10, 2020 | Long-Term Care Newsletter
ARM Home Office Veteran's Day Hours
ARM's Home Office will be closed on Wednesday, November 11, 2020 in observance of Veteran's Day. We will re-open at 8:30 AM EST on Thursday, November 12, 2020.
November is Long-Term Care Awareness Month!
This November marks the 20th Anniversary of Long-Term Care Awareness Month! During these challenging times, health is at the front of everyone's mind. This month further amplifies the importance of preparing for the need for long-term care.

For those looking for tools to start these conversations with clients, several carriers have put out suites of resources geared toward Long-Term Care Awareness Month. Brighthouse Financial has created a comprehensive, in-depth set of tools, ranging from agent training webinars to client-facing marketing to general education about common long-term care issues.

Mutual of Omaha has also put out a package of resources geared toward long-term care awareness and education. Click the links below to access these resources and start crafting a plan for your Long-Term Care Awareness Month conversations!

CLICK HERE to view Brighthouse Financial's LTC Awareness Month resources
CLICK HERE to view Mutual of Omaha's LTC Awareness Month resources
Rate Refresh in 5 Additional States Effective November 1, 2020
Effective November 1, 2020, Mutual of Omaha is refreshing rates for the MutualCare Solutions portfolio in 5 additional states, including Kansas, Maryland, Massachusetts, Pennsylvania, and Wisconsin.
New paper and e-Applications will be required beginning November 1, 2020. Applications must be signed BEFORE November 1, 2020, and received by ARM by 3 PM EST on Friday, November 13, 2020 to be considered for the current rates.
In these states, the Cash Benefit is being changed to 25% of the home health care benefit up to a maximum of $2,000/month, and spousal discounts are being reduced to 15% for cases in which both spouses are issued and 5% for cases in which one spouse is issued.
Updated quoting software and marketing materials are now available. Click the link below for more information.

CLICK HERE to view the official announcement
Carrier Covid-19 Reminders
New Washington State Long-Term Care Trust Act Flier
Do you have employer clients in Washington state? If so, they may have questions about the new Long-Term Care Trust Act, which will impose a new payroll tax starting in 2022 to create a publicly funded long-term care benefit. Transamerica has put out a flier to answer some of the commonly asked questions surrounding this legislation. Click the link below to download the flier.

CLICK HERE to view the flier
Premium Rate Action
Effective November 2, 2020, Genworth implemented rate action on in-force business in Mississippi and North Carolina. Effective November 9, 2020, rate action was implemented on in-force business in Georgia, Oklahoma, Pennsylvania, and Wyoming. Click the links below for more info.

CLICK HERE for more info about rate action in Mississippi
CLICK HERE for more info about rate action in North Carolina
CLICK HERE for more info about rate action in Georgia
CLICK HERE for more info about rate action in Oklahoma
CLICK HERE for more info about rate action in Pennsylvania
CLICK HERE for more info about rate action in Wyoming

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Pioneering Long-Term Care Insurance Strategies
313 Washington Street, Suite 225 Newton, MA 02458
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