A Fresh View on the LTC Insurance Market

Posted by CPS Insurance Services

Learning how to adjust to the changing market is crucial to the continued success of your LTC Insurance business.

Today’s market reflects an expanding, diverse clientele, so being able to respond to their unique needs and budget constraints is critical.

The first step is to understand their concerns around buying coverage, including potential objections about the cost of a policy. Adapting your approach to the new market will not only demonstrate that you are responding to changing trends, but will ultimately help to increase your LTC Insurance business.

3 important concepts to consider…

Full article

I-Pipeline – American National is terminating the agreement to support the i-Go e-platform with i-Pipeline

Special Message:  I-Pipeline – American National is terminating the agreement to support the i-Go e-platform with i-Pipeline including – illustrations effective June 30^th.  Please move your e-app life submissions to our Expert App platform for fast, easy and efficient processing.  Here’s a You Tube training video walkthrough of our Expert App: https://img.anicoweb.com/wps/portal/img/home/expertoffice/quicklinks/expertoffice_training

Click this link for Easy Access to all of American National’s Forms (no password necessary):  https://img.anicoweb.com/wps/portal/img/home/expertoffice/quicklinks/expertforms

 

Industry Article – How to Sell More by Finding What Your Clients Need

How to Sell More by Finding What Your Clients Need
The worst obstacle to closing sales is that people think they’re broke. Read more.

DIAM: Employees underestimate chances of becoming disabled, and their need for income protection

By Insurance Forums Staff

May is Disability Insurance Awareness Month, and it’s no secret that Americans could use some education about this coverage and how not having any can have severe consequences in the event of a significant non-work injury or illness.

Employees who choose not to enroll in nonmedical benefits, like disability insurance, often say they don’t need the coverage. In fact, more than one in four 20-year-olds will experience a disability for 90 days or more before they reach 67, according to the Social Security Administration.

Almost 6 in 10 workers who opt out of disability insurance claim they don’t need the coverage or that it isn’t worth the cost, according to LIMRA data, but 75% of employees say they would have trouble paying for basic living expenses after several months if they became disabled and were unable to work.

Full Article

10-Year Review Of Disability Claims Shows Trend In Workplace Absences

Business Wire

CHATTANOOGA, Tenn.–(BUSINESS WIRE)– A 10-year review of disability claims shows the effects of an aging workforce, medical advances and the power of early intervention, according to data from Unum (NYSE: UNM), a leading provider of disability benefits. Unum tracks reasons behind workplace absence in its disability data and shares results each May during Disability Insurance Awareness Month.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180503006409/en/

Key findings include:

• Short and long term disability claims for joint disorders and musculoskeletal issues have increased significantly.
• Cancer has stayed the No. 1 reason for long term disability claims, representing 17 percent of claims.
• Pregnancy continues to top the list of short term disability claims, at 28 percent.
• Long term disability claims for complicated pregnancies have decreased 47 percent.
• The percentage of Unum’s short term disability behavioral health claims that transition to long term is down 15 percent, the result of a dedicated behavioral health program implemented at Unum.

Full Article

Industry Articles

• Financial Advisors Must Talk to Clients About Health
  For a 45-year-old, simply managing high blood pressure could be like saving another $100,000. Read more.
• To Boost Sales This Year, Talk to 27-Year-Olds
  A new table from the Census Bureau shows that there are an awful lot of them out there. Read more.
• 9 Things to Talk About When Accountants Suggest a Change in Advisors
  Sometimes, accountants are not your friend. Here’s how to handle that. Read more.

Industry Articles

• For Single Women’s Confidence, Try Annuities
  LIMRA has posted survey data showing that annuity use may do more for women’s outlook than for men’s. Read more.
• 5 Factors That May Double Your Chances of Selling a Life Policy
  Analysts have sifted LIMRA survey data to find out what closes sales. Read more.
• 3 Top New Life and Annuity Ad Campaigns
  New spots from Brighthouse, Lincoln and Symetra could get consumers more interested in the idea of talking to you. Read more.