Blog Archives

Last Day For Genworth Privileged Choice Flex 2 In New York

Today is the last day to accept applications for Genworth’s LTC product, Pivileged Choice Flex 2 product. The following outlines the product changes from Flex 2 to Flex 3: Adding a new Informal Care option for Homemaker and Chore Care. This

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Genworth Launches Privileged Choice Flex 3 Long Term Care In New York

Genworth just announced the launch of their Pivileged Choice Flex 3 product effective April 4th, 2016.  The current Flex Choice 2 product will be sunset at that time. The following outlines the product changes from Flex 2 to Flex 3:

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American National Interest Rate Change for NY – Indexed & Fixed Annuities

If you have not looked at American National’s indexed annuity yet make sure you check it out.  Guaranteed 1% return plus you participate in the performance of the S&P 500 with a cap of up to 8.25%. See updated rate sheet.  Old

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Mutual of Omaha Launches New LTC Product in New York

Mutual of Omaha has launched a new LTC Product in New York called MutualCare Solutions.  The new changes are centered around sex-distinct rates, issue ages are now 30-79, and revised benefit levels and benefit periods.  A brochure for the new product

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Genworth LTC Provides Updated In Force Rate Action Bulletin

Genworth has issued an updated bulletin that now allows for additional landing options for your clients affected by the rate increase.  Clients that have already changed their policies will be afforded the options to review their changes and make adjustments

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New Forms For William Penn

Please note that effective immediately, William Penn has implemented the new New York Regulation 60 procedures. The benefit of the new procedures is that you are no longer required to wait for a response from the existing insurance company before

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Genworth Takes In Force Rate Action On LTC In New York

Genworth announced this week that New York state has approved a rate increase for inforce LTC business. Here is a link to their official Rate Action Announcement. The full details can be reviewed using the link above but a quick

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Companion/Mutual of Omaha Introduces ROP Feature On Their GUL Products

Effective May 1, 2015, all new qualified GUL and GUL Plus policies will now be issued with the Guaranteed Refund Option at no additional cost. This rider is now approved in all states! Here’s how it works: The client purchases

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New Replacement Rules (Regulation 60) For Life Insurance Applications In New York

As of April 21st 2015, the New York Replacement guidelines a.k.a. Regulation 60 have been updated. You are no longer required to complete the full replacement documentation prior to submitting an application. You can now complete a full application with

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