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Broadtower Insurance

Standalone Long-Term Care: Is Now The Time For Reinsurers To Enter?

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The LTCi industry has changed drastically the past few years. Carriers have continued to launch new product, but now based off more conservative pricing models that account for lower interest rates, higher claims, and close to a zero lapse rate.  Many may view the recent volatility within the traditional LTC market as a cause for concern.  Lifecare Assurance Co.’s Vice President of Investments and Business Developments, Marc Glickman’s article, Standalone Long-Term Care: Is Now The Time For Reinsurers To Enter, addresses the question, ‘Can we quantify the safety of LTCi new business sold today?’

Read the full article from Reinsurance News here: Standalone Long-Term Care: Is Now The Time For Reinsurers To Enter?

Bad Apples

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“I’m not sure where to begin this subject.  I know it has something to do with bad apples and rotten barrels. I know it seems to remain the most serious and perpetually frustrating part of my day. I know I simply have to locate and remove the bad apples which continue to threaten the normal harmony and peaceful flow of apple-cations through our offices. Unfortunately, the bad apples remain elusive and, for the most part, very hard to properly identify so one can take appropriate remedial action.

We seem to have entered a new and precarious era of placement ratios distress. I recognize that we can now count the available storage barrels for LTCI apples on fingers alone, no toes. And I know growing claims and the persistent noise of onerous rate actions haunt…”

Click here to read the full article, originally published in Broker World Magazine.

Metamorphosis

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Broker World Magazine – April 2015 Issue

Broadtower’s President, Ron Hagelman shares his thoughts on the future of the Long Term Care industry and its products in his monthly contribution to Broker World Magazine, a national insurance magazine.

“Many of us would probably admit that the inexorable advance of technology is sometimes simply overwhelming. It’s like that recurring dream where you are running but not distancing from what is inevitably gaining on you. Escaping the lack of future long term care planning strikes me as very similar. However, the truth is that the probability of at least a marginally adequate solution to America’s lack of long term care protection is excellent…”

Read the full article from Broker World Magazine here: The Last Word On LTCi – Metamophosis

 

John Hancock Introduces Performance LTC, A New Approach To LTCI

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NEW Performance LTC – A New Approach to Long-Term Care Insurance. John Hancock is pleased to introduce Performance LTC™ – our newest long-term care insurance product. Performance LTC offers the most competitively-priced premiums on the market today, along with flexible features and options that will give your clients greater control over their premiums and benefits.

For more details about this exciting new product, including where it’s approved for sale, as well as the marketing collateral available to support your sales efforts, please click here.

Mutual Of Omaha’s LTCI Portfolio To Launch In California

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Mutual of Omaha is excited to announce a new long-term care insurance portfolio, MutualCare® Solutions. This portfolio will be able to support you and your LTCi sales and address the needs of the changing LTCi marketplace. Look for MutualCare® Solutions to have new pricing strategies and various packaging; which will continue to support this valuable product line’s longevity and mission to remain a strong member in the long-term care industry.

 

 

 

Transamerica Announces Changes To Its LTCI Benefit Increase Options

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As you know, Transamerica LTC is committed to the long term care market. We believe that providing stand-alone long term care products represents a key element of any solid financial plan. Transamerica LTC will continue to manage our products and offerings to help ensure their long term sustainability and maintain our position as a leader in the long term care industry.