Critical Illness Offers Return of Premium

Covering 11 serious health diagnoses and offering direct payment to policyholders are just some of the advantages with a Critical Illness policy. But if your client is cost-conscious about the price of the policy or possibly never using it, there is a way to address that concern. Critical Illness insurance is part of the Critical Advantage portfolio. All critical illness policies have a built-in return of premium benefit. Any premiums paid, minus any policy benefits received, will be refunded to a beneficiary upon death. It’s like a money-back guarantee if the policy is not needed. This gives clients the coverage
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).

Omaha Thanksgiving Office Closing

Mutual of Omaha and its affiliates (United of Omaha, Companion Life Insurance Company, and United World) will be closed on Thursday, Nov. 23, and Friday, Nov. 24, 2017, for the Thanksgiving holiday.   Thanksgiving Office Closing #goldencareagent #mutualofomaha #thanksgiving
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Categories: Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

AIG Names Lex Baugh as Chief Executive Officer, North America General Insurance

American International Group, Inc. (AIG) announced on Tuesday the appointment of Lex Baugh as Chief Executive Officer, North America General Insurance. In this newly created role, Mr. Baugh will oversee AIG’s U.S. and Canada General Insurance business, with responsibility for the development and execution of a profitable, client-focused strategy. He will report to Peter Zaffino, Chief Executive Officer, General Insurance, as a member of the General Insurance Executive Leadership Team. The appointment is effective immediately. Most recently, Mr. Baugh served as President of Liability and Financial Lines at AIG, overseeing the largest part of the global Commercial portfolio. Prior to
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Categories: Accident Insurance, American General, and Critical Illness.

AIG Operations: Service Improvement Plan, Final Update & What’s Next

Service Improvement Plan: Final Update, and What’s Next Earlier this year, we recognized there were challenges with our new business turnaround times and other service issues — and we committed to getting them right for you. While we’ve made great strides, we recognize that we have more work to do. We promised that by September 30 we would meet or exceed standard times for our Service Level Agreement and establish a path to future improvements. Thanks to your support and partnership, we’ve improved turnaround times across the board. We’re also positioned for additional improvements as we continue to add resources,
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Categories: Accident Insurance, American General, and Critical Illness.

Stay Up to Date on Compensation Schedules

With year-end just around the corner, we want to remind you to validate that your correct address(es) are available on our systems. Please sign in to your Sales Professional Access (SPA) account to review and, if needed, to update your addresses and any other outdated personal information. It is especially important that your home address is updated as soon as possible as we use your home address when mailing your 1099-Misc form in early 2018. Throughout the year, we also use the email or physical address on your account to send out communications regarding Compensation Schedule changes, including commission rate
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Categories: Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

End-of-Year Pay Schedule

Mutual of Omaha and its affiliates (United of Omaha, Companion Life Insurance Company, and United World) will be closed on the following days: Thursday, November 23, 2017 and Friday, November 24, 2017 for the Thanksgiving Holiday Monday, December 25, 2017 for the Christmas Holiday Monday, January 1, 2018 for the New Year’s Day Holiday See the grid below for the last pay cutoffs in 2017: Holiday Date Holiday Observed Life Cutoff (New issues & renewals) Health Cutoff (New issues) Health Cutoff (Renewal payments) Long Term Care Cutoff (New issues & renewals) Thanksgiving Thursday 11/23/2017 Friday 11/24/2017 Monday 11/20/2017 Friday 11/17/2017
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Categories: Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Critical Advantage Available In Additional States In November

On November 1st, 2017, Mutual of Omaha will be releasing the Critical Advantage portfolio in Arizona. Critical Advantage is critical illness, cancer, heart attack and stroke insurance policies that provide a lump-sum benefit upon diagnosis. And on November 11, 2017, Mutual of Omaha will be releasing the Critical Advantage portfolio in California.   Features with Critical Advantage Benefit amounts from $10,000-$100,000 payable upon diagnosis Individual, Individual plus child/children, or family coverage options Underwriting The Critical Advantage portfolio has the following underwriting criteria: Express underwriting For benefit amounts $10,000 to $50,000 The application simple “yes or no” knock-out health questions Simplified
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).

Save Time with the Critical Advantage e-Application

The Critical Advantage e-App can easily be completed at point of sale. It can be used with all products in the Critical Advantage portfolio. e-App Advantages When you use the e-App you’re showing how easy it is to do business with you and Mutual of Omaha. Saves you time, ensures accuracy Easy to understand process for you and your client Conveniently includes all required forms Provides quick-issue in days. Fast coverage for clients, fast payments for you Offers signature collection options so you can choose what’s best e-App Features There are great features built in so you can sail through
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).

Explaining the Need for Cancer, Heart Attack and Stroke Insurance

According to the American Cancer Society, Cancer Facts & Figures, 2016, 1 in 2 men and 1 in 3 women will develop cancer in their lifetime. And, according to Heart Disease and Stroke Statistics, 2016 update, someone in the U.S. has a heart attack every 42 seconds and suffers a stroke every 40 seconds. The good news is more people are surviving these diseases than ever before. The Critical Advantage portfolio provides coverage for cancer and heart attack and stroke to help with the financial burden they can have. Benefits can be used to: replace lost income if work is
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).

Important Information for Insureds Living in Florida

At American General Life Insurance Company (AGL), our first priority is the welfare of our customers. In response to challenges created for Florida residents by Hurricane Irma, we are working with state regulators to support affected clients during this difficult time. Effectively immediately, a temporary suspension is in effect on lapses, terminations, cancellations and other time-sensitive provision requirements of the insurance policies or annuity contracts for all insured AGL customers residing in the state of Florida. This suspension includes all counties in the state. This action is taken to protect the policyholders from unintentional termination. We will process other requests
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Categories: Accident Insurance, American General, and Critical Illness.