Introducing an Enhanced EssentialLTC
NGL has enhanced its features, options, underwriting classes and the rider selection has been streamlined! These changes will be effective for all new business received on or after April 1, 2021 in the following states: AK, AL, AR, CO, GA, IA, ID, IL, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, NC, NE, NH, NM, NV, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI, WV, WY.
New Features
- Joint policies – when one passes away the premium will now decrease to an amount specified on the illustration and Policy Schedule
- Waiver of Premium Rider for Home and Community Care Services is now built-in
- 10-Pay is now fully guaranteed and will never be subject to a rate increase.
- Rate classes will be consolidated into single gender-distinct rate class called “Premier”.
- The Employer Group rate class will still be available to approved employer groups in the states where it is available.
- Streamlined rider offerings – see Full Details to learn more
Adjustments
Due to pricing for the new features and historically low interest rates, the premium for the product has changed. EssentialLTC’s rates will remain very competitive. Click here to see how NGL stacks up.
New Business Deadlines
Apps written in the 38 states above, must be dated and received in good order on or before March 31, 2021 to use the current features and premium structure. This is applicable to the E-APP, mailed paper applications and uploaded PDF applications. Applications dated or received by the LTC Administrative Office on or after April 1, 2021 must use the updated forms applicable to the client’s resident state. No exceptions will be made.
New Business Deadlines
Apps written in the 38 states above, must be dated and received in good order on or before March 31, 2021 to use the current features and premium structure. This is applicable to the E-APP, mailed paper applications and uploaded PDF applications. Applications dated or received by the LTC Administrative Office on or after April 1, 2021 must use the updated forms applicable to the client’s resident state. No exceptions will be made.
Needs Editor Review