ARM's Home Office will be closed all day on Wednesday, January 1 for New Year's. We will re-open at 8:30 AM ET on Thursday, January 2.
Happy New Year! Here's to a successful 2020 for all!
Premium Rate Adjustments
Effective March 1, 2020, Mutual of Omaha will implement rate adjustments on in-force business in Illinois, and effective April 1, 2020, it will implement rate adjustments on in-force business in Maine. Click the links below for more information.
CLICK HERE for more information about rate adjustments in Illinois
CLICK HERE for more information about rate adjustments in Maine
Premium Rate Action
In late January, John Hancock will begin policyholder notifications on the next round of policies impacted by in-force rate action, which will have an effective date beginning with anniversaries on or after May 1, 2020. John Hancock policies issued in Connecticut, Maryland, New Jersey, and Pennsylvania, and Fortis policies issued in Illinois will be affected. Click the link below for more information.
LifeSecure's Worksite LTCi is now available in Maine.
CLICK HERE for information about Oklahoma's recent transition to a Pre-Appointment State.
CLICK HERE for more info on changes to logins for Transamerica's Agent Resource Center.
CLICK HERE for more information about upcoming rate increases on certain LTCi policy series for John Hancock.
2020 Eligible Premiums
The Internal Revenue Service [IRS] has announced increased tax deduction limitations for Qualified LTCi policies. For taxable years beginning in 2020, the limitations under Section 213(d)(10), regarding eligible long-term care premiums included in the term "medical care," are listed below.
Effective December 18, 2019, clients can now sign and submit LifeSecure applications via text message, using LifeSecure's eLink signature option. Upon completion of the application, you can simply send your client a link via text or email to sign and submit the application. The link provided is valid for 15 days. Click the link below to view a video which explains how this process works.