LTCi Underwriting Update for October 2017

In an effort to increase customer satisfaction with a Long-Term Care policy issued by Mutual of Omaha and align ourselves with other Mutual of Omaha Underwriting Departments, we plan to implement a new process effective October 1, 2017. Effective October 1, 2017, when a case has been approved, other than applied (except for a better rate), underwriting will reach out to the producer via email and inquire whether the producer will be able to place the policy with the rate and benefit changes (if any) proposed by underwriting. Underwriting will hold the policy for 14 calendar days for the producer
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Quick Tip: Quoting with MutualCare® Solutions Software

Scenario: You’re working with clients interested in long-term care insurance. You are about to present a MutualCare® Custom Solution quote you feel would be affordable for the couple, with a plan design customized for their needs. How can you be sure your quote reflects current and correct premiums? If running quotes with the MutualCare® Solutions software, there’s no more second-guessing! The software shows you whether you’re using the latest version!   Did You Know? When updates to the MutualCare® Solutions software become available, the yellow notification button (below) will appear in the far upper right corner of your open software.
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Categories: GoldenCare News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Holiday Telephone Solicitation Ban for the Month of October 2017

Please be aware of the following holiday requiring a U.S. holiday telephone solicitation ban for the month of October. On Monday, October 9, 2017: Alabama, Louisiana, Rhode Island and Utah prohibit unsolicited marketing calls to residents in observance of Columbus Day Holiday Telephone Solicitation Ban for the Month of October 2017 #goldencareagent #mutualofomaha
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Categories: Industry News and Mutual of Omaha (& Affiliates).

Omaha: DI Tele-application Update (CT)

Effective October 1, 2017, Connecticut will no longer be accepting DI applications through the tele-application process. Paper applications will still be accepted as usual. If you have any questions, please contact Sales Support at (800) 693-6083 or e-mail sales.support@mutualofomaha.com.   DI Tele-application Update (CT)   #goldencareagent #mutualofomaha
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

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