November is LTC Awareness Month

In anticipation for Long Term Care Awareness Month in November, MVP has partnered with Transamerica to bring you 4 timely LTC webinars.

Tune in every Tuesday at 10:00 AM CST, starting November 8th for a quick one-hour webinar:

November 8th 10AM CST: TranCare II- The Right Product for the Right Time
November 15th 10AM CST: Transamerica Underwriting-Flexibility with Responsibility-The Best Combination
November 22nd 10AM CST: Transamerica Multi-Life- The Way Multi Life Should be Done
November 29th 10AM CST: Executive Carve Out LTC- Start at the Top

Just click the corresponding link above to register for each webinar. You will receive a confirmation from Transamerica with the dial in information and link to the webinar.

MVP's News2Use: CLASS Dismissed

Federal Long-Term Care Program (CLASS) Dismissed

On Friday, Oct. 14, 2011, Health and Human Services Secretary, Kathleen Sebelius, announced in a letter to Senate Majority Leader, Harry Reid, that the Community Living Assistance Services and Supports (CLASS) Act, a long-term care program created by the federal health reform law, will not be implemented.

In the letter, Sebelius states, "By 2020, we know that an estimated 15 million Americans will need some kind of long-term care and fewer than three percent have a long-term care policy."

As the need for long-term care continues to grow in the years that lie ahead, so too will the need for private long-term care insurance. While the federal CLASS Program proved not to be viable, Prudential LTC3SM and LTC EvolutionSM continue to be viable options for your clients' long-term care solutions.

Click here to view a copy of the letter.

Please note that this letter from Secretary Sebelius is for your information only. Please do not use it as a prospecting or advertising tool as it is not approved as such.

Who owns your business?

You just placed a policy with XYZ Insurance Company for your client through your favorite brokerage agency. Now should XYZ Ins. be allowed to solicit that policy owner to sell other products and/or services? What if you get a piece of the commission and you don't have to do anything to earn it?

We want to hear your thoughts on this issue. Is it OK for the carrier to solicit your client? Why or why not?