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Genworth LTC plan now in Ohio
In addition to Ohio, Genworth has launched Privileged Choice® Flex 2(Flex 2) in the following states: CO, DC, IL, MT, SC, WY.
MasterDex 10 Plus to be discontinued
At Allianz Life Insurance Company of North America (Allianz), we continually evaluate our product strategy and product portfolio. As a result of this evaluation, we will be discontinuing sales of Allianz MasterDex 10 PlusSM Fixed Index Annuity effective January 7, 2014.
Applications must be signed on or before Tuesday, January 7, 2014 and received on or before Tuesday, January 14, 2014 at 3:00 p.m. Central time. Contracts must be issued by March 7, 2014 at 3:00 p.m. If premium is not received, the contract will not be issued and you will be contacted by the Allianz home office to discuss whether another product is suitable or the application should be cancelled. There will be no exceptions.
Lincoln Financial Group today announced the launch of Lincoln Concierge Care Coordination, a service available to new and existing policyholders of a Lincoln life and long-term care combination product. Lincoln Concierge Care Coordination complements the long term care planning guidance of a financial professional, by providing an effective process for coordinating care before and during a long-term care event. Policyholders and their loved ones can use Lincoln Concierge Care Coordination to help simplify the process of arranging long-term care services--from finding and coordinating service providers, to filing a claim.
According to the U.S. Department of Health and Human Services, nearly 70 percent of men and women turning age 65 will need some form of long-term care at some point in their lives(1). That care may come in the form of unpaid "informal" services frequently provided by family members and friends, or from a wide variety of "formal" options, including home care, adult day care centers, respite care, hospice care, assisted living facilities and nursing homes.
Lincoln Concierge Care Coordination offers a wealth of tools to help clients choose between the many available formal and informal options, and coordinate the appropriate care:
-- Comprehensive lists of local providers and resources--from personal and home healthcare services to skilled nursing and living options -- An online needs assessment that catalogues the policyholder's current situation and needs to help create a plan for care -- An online library of articles, how-to videos and checklists related to health, aging and elder care -- Access to "Care Circle," a social network designed to aid communication between caregivers and loved ones, keeping everyone connected and informed on the well-being of the policyholder -- Customized care recommendations to help find the appropriate provider to fit client needs -- Access to a dedicated claims specialist to answer questions about policy benefits and assist in the claims process
"Facing a long term care event is challenging enough for individuals and their loved ones, so it's important that the tasks of arranging quality care and support services, or filing claims are as simple as possible," said Michael Hamilton, vice president, linked benefit product management, Lincoln Financial Group. "Lincoln Concierge Care Coordination offers resources to: design plans for receiving care; support families and informal caregivers; help those involved with organizing professional services to make informed decisions; and assist with the claims process."
Securian Financial Group, a US-based financial services holding company, has rolled out a simplified issue whole life insurance product in collaboration with Upromise by Sallie Mae.
Through the new product, Securian aims to offer life insurance protection to the US denizens whose households' annual incomes stood between $35,000 - $124,000, as it was found that half of this income group do not own a life insurance policy.
Securian Financial Group second vice president Bill Gould said that planning for the unexpected loss of a breadwinner is a factor that all families need to consider.
"Fifty eight percent of households in the $35,000 - $124,000 income range are uninsured or underinsured.
"The Securian-Upromise partnership opens a new channel to underserved households. It provides easy online access to simplified issue, permanent whole life coverage for this large segment of the market," Gould added.
Upromise members who will purchase the coverage will achieve an important financial requirement and may also earn rewards that can accumulate and help pay for college expenses or be applied to eligible student loans. For children, the minimum coverage is $10,000, while $25,000 for adults.
Securian Financial Group manages Minnesota Life Insurance Company and Securian Life Insurance Company, and offers an array of financial services in the US.
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