February 25, 2020 | Long-Term Care Newsletter

Updated Mutual of Omaha Applications Available Now Updated Mutual of Omaha applications are now available for download and order. The version being replaced must be signed no later than February 22, 2020 , and received by Mutual of Omaha no later than February 29, 2020 . E-Applications started prior to February 23, 2020 must be submitted no later than February 29, 2020 as well. As a reminder, effective February 23, 2020 , Mutual of Omaha will no longer accept premium at the time of application. Checks mailed with applications will be returned to the client. Monthly EFT drafts will now begin on the date of issue rather than upon receipt of the application, and all outstanding premium will be due 60-days from policy issuance.

Changes to Mutual of Omaha Application Process Effective February 2020 Effective May 1, 2020 , Mutual of Omaha will begin implementing rate adjustments in the state of Hawaii . On March 1, 2020 , any prior policyholders will be mailed a notification about the premium rate increase. Click the link below for more information, CLICK HERE to learn more about the legacy rate adjustments 

New LTC Application Requirements National Guardian Life will no longer require a premium deposit for applications for mail-in, E-Apps, and Upload Signed Paper Apps, making it easier to submit any future EssentialLTC applications. Click the link below for more information. CLICK HERE to learn more about the updated application requirements 

42% of employed Americans have provided eldercare in the last five years. The resulting lost worker productivity makes care-giving a big issue for today’s employer. A formal Long-Term Care Insurance offering in the work-site can allow people dealing with an extended care need to plan for their own future. ARM can provide your employer clients tools to allow working caregivers to operate more efficiently and alleviate some of that lost productivity. Let us show you how. CLICK HERE for an article discussing the impact of care-giving employees and their employers. 

In-Force Rate Actions Beginning in Late March John Hancock will be notifying policyholders of Fortis and John Hancock policies impacted by the new in-force rate action rates in late March with anniversaries effective on or after July 1, 2020 . For John Hancock policyholders in New Jersey, North Dakota, and Oklahoma, they will continue to receive the 2016 rate increase as long as they received an initial "capped" or "phased-in" increase. For Fortis policyholders that have issued policies from Arkansas, Georgia, North Dakota, and Oklahoma , will be impacted by these new rates. For John Hancock in Maryland and Fortis policyholders in Illinois will continue to receive the 2013 rate increase as long as the client received an initial "phase-in" increase. CLICK HERE to see complete details 

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