John Hancock Long-Term Care Insurance
Long Term Care Insurance
by John Hancock Life Insurance Company
BOSTON, March 10 /PRNewswire-FirstCall/ -- John Hancock Life Insurance Company (John Hancock) will expand its long-term care insurance (LTCI) training efforts this month by launching an
online program that will be compliant with NAIC Producer Training Regulations and state LTCI Partnership amendments and enjoy the same incentives as those for its classroom sessions. John Hancock's training programs
are open to all producers who sell LTCI.
Because regulations also require insurers to validate the status of their agents' compliance with the training regulations, John Hancock has also contracted with
ClearCert.com to assist with the validation of course content in all NAIC training states and to provide a national clearinghouse of the compliance status.
Training Program Expansion
John Hancock's new
online LTCI courses, available the end of March, will provide agents with the content they need to fulfill their obligations for compliance. In order to encourage agent participation, Hancock will offer its online
classes at a rate of $50 per class. CE credits can be purchased for an additional $15. As with the classroom sessions, agents submitting at least two applications within 60 days of taking the online class will
receive a refund of the class fee. Information on all training programs can be accessed through its training website: http://www.nltcp.com/.
A leader in long-term care insurance education, John Hancock
already has trained more than 3,000 agents in more than 90 classroom sessions. In addition, more than 70 John Hancock long-term care insurance producers have also been certified as 'trainers' within their
organizations or for recruiting purposes.
ClearCert Validation and Clearinghouse
"The implementation of mandatory LTC partnership training requirements by as many as 25 or more states this year
represents a major compliance challenge," said Catherine Dove, Partnership Training Director. "Unlike with continuing education, it is the insurers that are required by law to validate both the content of
training programs and that agents are in compliance with these new, mandatory LTCI training requirements."
ClearCert offers unbiased third party course content review of NAIC long- term care and
partnership training courses on behalf of LTCI carriers. The firm maintains a website http://www.clearcert.com/ designed to provide information on courses with certified content, and agent training requirements in
states that have mandates.
The site can be particularly helpful for agents licensed in multiple states who may be confused about how to meet each state's requirements without taking numerous courses. The site
also provides guidance concerning required follow-up training, which must be completed within 24 months of taking the initial course in most states.
ClearCert's national clearinghouse reports agent compliance
status to carriers and distributors upon demand based upon course completion data reported by training providers. Long-term care insurance carriers and distributors can confirm that an agent is in compliance with
any participating state's requirements instantly.
"ClearCert will provide carriers and distributors with a single source for validating training compliance of producers from multiple training providers,
and that's a much needed service at this time," said Dove.
About John Hancock Long-Term Care Insurance
John Hancock is one of the largest providers of LTC insurance overall with more than
1,000,000 LTC insurance clients and $1.4 billion of in-force LTC insurance premium. The company holds $8.1 billion in LTC reserves and has paid $1.8 billion in LTC insurance claims as of December 31, 2007.
Having entered the retail LTC insurance market in 1987, John Hancock is one of the largest carriers of individual coverage in the country. John Hancock began selling group LTC insurance in 1988 and today is the
largest provider of employer-sponsored group LTC insurance in the U.S.
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