Genworth Enacts New Underwriting Guidelines for Type 2 Diabetics
Genworth, the nation’s largest provider of long term care insurance, issued a press release today announcing a change in underwriting guidelines for their long term care insurance policy Privileged Choice Flex 2. The change affects applicants with non-insulin dependent, Type 2 Diabetes.
Underwriting Category Eligibility
According to the press release, all applicants with non-insulin dependent, Type 2 Diabetes will no longer be eligible for the “Select” underwriting category. They will now only be eligible for the “Standard” underwriting category and applicable quotes will apply for these policies. The change in underwriting guidelines only impacts applicants for Privileged Choice Flex 2 and will[…]
Lincoln Financial Updates Hybrid Life + LTCI Product MoneyGuard Reserve Plus
Lincoln Financial announced changes this week to MoneyGuard Reserve Plus, their hybrid Life + Long Term Care Insurance product.
Changes Meant to Sustain LTCI
The recent adjustments are to the Enhanced Surrender Value Endorsement (ESVE) and will not affect the core benefits of the policy. The changes will go into effect on August 16, 2013 and will affect policies in all applicable states except New York.
In the official press release, the company described the purpose of the the changes in their press release as one to “ensure the strength and sustainability of its long-term care solution through all market environments”.
The adjustments to the policy[…]
Genworth to Stop Selling AARP Long Term Care Insurance Branded Products
Genworth announced today that they will cease new sales of AARP Long Term Care Insurance branded products.
This cessation comes nearly 6 years after the two companies joined together to provide innovative Long Term Care Insurance products specifically for AARP members. Existing Long Term Care coverage will not be affected by the change. 
Genworth (NYSE: GNW) is a Fortune 500 company that currently holds the ranking as the largest Long Term Care Insurance provider in the nation.
In 2007, Genworth joined with AARP to provide unique Long Term Care planning tools[…]
Long Term Care Changes for Transamerica in New York
A press release sent out this morning by Transamerica outlines the new changes and policies associated with the upcoming sale of TransCare II 2012 in New York.
Transamerica will make TransCare II 2012 available in New York effective May 9, 2013.
TransCare II, their previous Long Term Care insurance, will no longer be available in New York after May 8, 2013.
New York is the most recent state to acquire TransCare II 2012. California began selling TransCare II 2012 on March 22, 2013.
Several changes will go into effect and are applicable only to businesses in New York. New business rates will increase 5%. These new[…]
Prudential LTC3 Long Term Care Product
To Request a Prudential Long Term Care Quote Click Here»
Prudential Insurance Company of America is an experienced leader in the long-term care industry. In most states, Prudential’s Long-Term Care Insurance plan is LTC3. The plan is backed by Prudential, one of the largest and oldest financial institutions in the U.S.
What is covered?
The Prudential LTC3 plan covers both facility and home health care. It also gives you flexibility with optional riders to add indemnity benefits (gives you full benefit regardless of actual expenses).
Call or email us today for complete actual specifics of LTC3.
Prudential is rated A+ by AM Best[…]
Mutual of Omaha Long Term Care Insurance
Mutual of Omaha began selling Long Term Care Insurance in 1987 and continue to this day. Their flag-ship product is called Mutual Care Plus which offers various of levels of protection. We work with Mutual of Omaha and offer their product in all approved states.
If you would like to learn more about Mutual of Omaha’s Long Term Care Insurance product please fill in the request form below.
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