The Internal Revenue Service (“IRS”) has announced its annual
cost-of-living and inflation adjustments for 2014. Tax laws require
the IRS to adjust the dollar amounts of dozens of tax provisions each
year to account for inflation, including adjustments for eligible
long-term care insurance (“LTCI”) premium deductions. Read the full articlefor more information.
Updated 2014 edition of Connecticut Partnership’s “Before You Buy” publication will be available December 27th
The updated “Before You Buy” publication will be available to download from www.jhltc.com on December 27th and will be updated in the Connecticut Partnership application on the same date.
New personal worksheet for Florida applications and New York Partnership Consumer Participation Agreements (CPA) update
The personal worksheets for Florida applications are changing
as a result of new requirements from the Florida DOI to include rate
increase history sections. The updated applications will be available
to order on January 6, 2014.
The New York CPAs are also being updated, and will be available to
order on January 6, 2014.
The 2014 minimum benefit levels are now available for
Connecticut, Indiana and New York Partnerships. We will communicate
California Partnership minimums when they become available. Read the articlefor complete details.
Moratorium on cancellations and other activities due to severe storms in Illinois
In response to thirteen counties being declared storm disaster
areas, the Department of Insurance issued this bulletin requesting
that insurers implement certain consumer safeguards including a 60 day
moratorium on cancellations and nonrenewals and other exceptions to
policy or contract requirements or rating or underwriting rules. Read
the bulletin now.
MARKETING NEWS
90 Days of Summer Sweepstakes winner announced
Niraj B. of California is the first winner of our 90 Days of Summer Sweepstakes and will be receiving an iPad Air(R), courtesy of John Hancock’s Sponsored Group Discount Program. Congratualtions, Niraj! Our second and final Sweepstakes winner will be announced in January.
Want to receive your compensation up to five days sooner?
With direct deposit, you can receive your compensation quickly
and easily. To sign up for direct deposit, simply fill out the
following form (LTC-1082).
2014 realLIFEstories
call for entries – deadline is today, December 16th
Each year, the LIFE Foundation sponsors the realLIFEstories
Client Service Recognition Program, which honors the work that agents
and advisors do by collecting and publicizing compelling examples of
how insurance helped provide for families and businesses at times of
great financial need.
If you’d like to opportunity to see your work honored nationally, you
can submit a personal story that demonstrates how the long-term care
insurance you helped put in place for a family made a difference in a
time of great need. Please take a minute to learn more about the
program at www.lifehappens.org/reallife. Then, submit your own success story and be part of this important public educational effort.
If your story is chosen, you and your client will be featured in a
video to be used in a national public educational awareness campaign,
as well as receive an all expense-paid-trip to San Diego to be honored
at the National Association of Insurance and Financial Advisors (NAIFA)
annual conference.
Sign up for Thursday’s LTC Captivate training webinar now
As an online system that supports an entirely paperless sales &
application process, LTC Captivate helps to eliminate the geographic
and logistical hurdles that often exist in today’s busy world. As a
result, it enables producers and their clients to conduct business in
settings and time frames that better suit both of their needs.
For financial professional use only. Not for use with the public.
Long-term care insurance is underwritten by John Hancock Life
Insurance Company (U.S.A.), Boston, MA 02117 (not licensed in New
York) and in New York by John Hancock Life & Health Insurance
Company, Boston, MA 02117.
