(Legacy) Rate Adjustments Effective December 1, 2017 – PA

Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha and we intend to remain a key player in this market for years to come. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective December 1, 2017: Block of Business Impacted States NHA, LTA, HCA, LT50 & NH50 Pennsylvania     For a complete
Read More

Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Count on Mutual of Omaha for Life

We’re right in the middle of Life Insurance Awareness Month. And, at Mutual of Omaha we want to take care of your clients’ life insurance needs. For example, did you know we offer the following three complimentary underwriting services? Age last birthday pricing The Fit credit program Liberal retention, autobind and jumbo limits These services are just one of the ways we are there for both you and your clients. Learn more about our products and services and how we can be your partner for life. If you have questions please contact Mutual of Omaha’s Sales Support at 800-693-6083.  
Read More

Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Upcoming Changes to Our Term Life Express Portfolio

Mutual of Omaha is committed to providing insurance solutions to help you protect your customers and prepare them for the future. Effective October 1, 2017, we will be adjusting our pricing and updating the products available in the Term Life Express portfolio Pricing Change Information You will see a 5% reduction in female rates and a 10% reduction in male rates for TLE 10T premiums. Portfolio Change Information We will be removing the 20T/5 and 30T/5 short guarantee products. Transition Rules Term Life Express 10T applications signed October 1, 2017 and later will get the new rates Applications signed before
Read More

Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Critical Advantage Insurance Lump Sum Payment

The lump sum benefit in the Critical Advantage policy can be used to fill gaps in your client’s current coverage. Most health coverage issued through employers does not cover all the costs associated with a critical illness and disability insurance is meant to provide people with ongoing income replacement when they are unable to work due to illness or injury. Since critical advantage pays a lump sum payment upon diagnosis, it can be used to fill gaps like specialized treatments not included in standard health insurance, elimination periods, reduced income and tax implications. For more information on how Critical Advantage
Read More

Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).

Long-Term Care Insurance Home Health Care Benefits

Many people equate long-term care with a nursing home. Since that is a place your clients may not want to go, they may think they don’t need long-term care insurance. Here is how you can show them how a Mutual of Omaha LTCi policy can help them get care in their own homes. Home health care benefits are built in to our LTCi policies. These benefits will help your client stay at home for as long as possible if the need for long-term care services arises. Included in home health care benefits are: Personal care service to assist with the
Read More

Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Medicare Supplement News – Omaha Family of Companies

One Company/One State – MI, MO, NC and SC Effective October 14, 2017 only Medicare supplement in Michigan, North Carolina and South Carolina underwritten by United World and Missouri underwritten by Omaha Insurance Company will be available for new business and conversions through individual agents. In-force Only Rate Adjustment 2010 Modernized Rate Adjustment – Effective December 1, 2017, Montana Medicare supplement rate adjustments apply to in-force business only – Plans A, B, F, G and M. Modernized Rate Release Please review the upcoming October rate release in AR, IN, KS, MT, NY and OR. Corrected Application in CO and MD
Read More

Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Flexible Payment Form Update

Last month we announced we offer flexible payment date options for your customers on their reoccurring automatic deductions. We have been in the process of updating the application packets for each product with the new form. At this time, all application packets have been updated, except for NY for Children’s Whole Life. See below for additional product information. Living Promise (Final Expense): Available on e-App and paper application The application packets have been updated with the new payment authorization form. The e-App screens have been updated to allow you to select flexible payment dates. Children’s Whole Life (CWL): Available for
Read More

Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Medicare Supplement News – Omaha Family of Companies

SELECT Directory Updates Updates have been made to the Mutual of Omaha, United World, United of Omaha and Omaha Insurance Company Medicare SELECT Provider directories for the states of AR, AZ, FL, GA, IL, IN, KY, LA, MO, TN, TX, and UT (not all states apply to all directories). There are a number of additions and terminations of network hospitals. Click to view the list of changes. Marketing Materials: The SELECT provider directories have been attached for your convenience. You can save the PDF’s and print as needed. All materials are available to view/ download immediately on SPA in the
Read More

Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

NGL – EssentialLTC News

The EssentialLTC Agent Guide has been updated – make sure to download the current version. The Agent Guide contains important information pertaining to the EssentialLTC product, including the Underwriting and New Business Process, Agent Appointment and Commissions, 1035 Exchanges, and HIPAA Privacy and Security. EssentialLTC social media sites are now live!   #goldencareagent #ngl
Read More

Categories: Industry News, Long-Term Care, and National Guardian Life.

“SNF occupancy continues to hit new lows, NIC report shows”

“SNF occupancy continues to hit new lows, NIC report shows,” by Emily Mongan, McKnight’s LTC News “Skilled nursing facility occupancy dropped to 81.7% — its lowest point in five years — in the second quarter of 2017, according to a report released Thursday by the National Investment Center for Seniors Housing & Care. . . . Medicaid mix, on the other hand, increased to nearly peak levels, at 65.9%, the report found.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Can Medicaid save nursing homes while paying less than the cost of care? When you’re losing
Read More

Categories: Industry News and Long-Term Care.