Effective June 3, 2024, Mutual of Omaha has announced the Maximum Monthly Benefit for its MutualCare Solutions long-term care products will increase from $10,000 to $15,000. With this change, the 60-month benefit multiplier on the Secure product will be removed, but the $500,000 policy limit cap on the Custom product is still in effect. Please also note the Maximum Monthly Benefit for Class I and Class II health risks will remain at $5,000. New applications reflecting these changes will be available June 3 and must be utilized no later than June 21.

Massachusetts has revised the Medicare documents that must be left with applicants prior to completing the application. Effective Apr. 26, 2024, the updated documents will be available on the NGL Agent Resource Center under the Massachusetts application documents. They can be accessed by selecting the “New Business” tab and selecting Massachusetts from the dropdown.

A Pre-Underwriting Inquiry (PUI) is an informal inquiry program where you can submit your applicant’s health history for review. OneAmerica recently announced a newly revised PUI form that will allow for a more complete health profile of your applicant and provide a more detailed and consistent response.

Effective Jan. 29, 2024, Securian Financial has announced rates for SecureCare™ III will decrease by 25 percent across all case scenarios in South Carolina. All pending applications in South Carolina that have an effective date on or after Jan. 29, 2024, will automatically be eligible for and receive the new pricing. SecureCare™ III will also launch in Montana on this date, making this product and its new rates available in all states.

Effective Feb. 12, 2024, Lincoln is updating its MoneyGuard Policy Dating Rules. Lincoln will no longer offer backdating 1 month from the signature date of the Part I to save age. With the new rules, the insured’s insurance age is the insured’s actual age on the date when the application is signed, the insurance age could increase if the insured has a birthday between the time of application and policy placement, and the policy must be placed and/or the 1035 replacement initiated within 1 month of the insured’s birthday.

On Feb. 12, 2024, Lincoln will launch a new user experience for producers who submit electronic life tickets and MoneyGuard® applications from the Lincoln producer website. The new eSubmission Portal will be available on Lincoln’s producer website for Life eTicket and MoneyGuard eApp cases.

Effective Jan. 22, 2024, Lincoln will be implementing pricing decreases to Lincoln MoneyGuard Fixed Advantage in all states, including California. There will be no pricing increases as a result of this update. The pricing improvements range from 0 – 22%, with an average discount of 15% where pricing changes occurred.

Effective Jan. 1, 2024, Thrivent has moved from a 10-year renewal cap to lifetime renewals on life-pay policies, including its LTCI solutions. In addition to competitive compensation, Thrivent offers multiple traditional LTCI solutions, more ages to insure, strength and stability, and decades of experience.

Mutual of Omaha has announced in-force rate adjustments for certain LTCI policies in Georgia, Alabama, and Delaware. The changes will go into effect on Mar. 1, 2024.

ELCO Mutual has announced The 4th Quarter Kick-Off Bonus for agents. Any qualifying new business submitted between October 1 and December 15, 2023, will qualify you for a bonus payment on December 27, 2023.