Reminder of State Licensing Requirements to Receive Compensation

Please review the following state requirements to avoid delays or nonpayment of your compensation. Compensation includes any payment relating to the sale of a policy. Requirements for: MONTANA and VIRGINIA All entities (corporate and individuals) are required to have a valid state license prior to the solicitation of the application. This applies to individuals who may also have a corporate entity appointed for tax purposes. We do not recognize “designated payees.” Compensation will be held if we do not have a copy of the entities’ license and/or we have not completed the appointment with the state. Any compensation impacted will
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Categories: Mutual of Omaha (& Affiliates).

Long-Term Care to Begin Using Medical Information Bureau

To keep consistency with our other product lines, beginning June 1, 2016, the Medical Information Bureau (MIB) will be used for Mutual of Omaha’s Long-Term Care product during the underwriting process. The MIB provides: Improved underwriting decision time Reduces underwriting evidence needed for decisions No additional authorizations are needed If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or sales.support@mutualofomaha.com. Long-Term Care to Begin Using Medical Information Bureau #goldencareagent #MutualOfOmaha
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Categories: Long-Term Care and Mutual of Omaha (& Affiliates).

Try Our New Mobile Quote App Today!

Mutual of Omaha’s new mobile app is now available! Quickly run quotes for your clients whenever, wherever with our easy-to-use mobile app. Available on all Android and Apple devices, it allows you to customize the product view to products you sell. DOWNLOAD THE APP TODAY      >      Requires iOS7 or Android 4.0 and up. CURRENTLY AVAILABLE: >      Children’s Whole Life >      Guaranteed ADvantage >      Guaranteed Universal Life Express >      Living Promise >      Long-Term Care Insurance   (coming soon) >      Medicare Supplement >      Term Life Answers >      Term Life Express >      Adding More Products in 2016 Check out the announcement flyer here. For producer use only. #goldencareagent #MutualOfOmaha
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Categories: Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Medicare Supplement News – Omaha Family of Companies

SELECT Provider Directory Updated 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, GA, KY, LA, MS, MO, OH, OK, TN and TX (not all states apply to all directories). Plan N Rate Adjustment Please review information on upcoming Plan N rate adjustment in PA. Modernized Rate Adjustment Please review information on upcoming rate adjustments in CT, SC, WV and TN. Standardized Rate Adjustment Please review information on upcoming rate adjustments in SC and KS. #goldencareagent
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Categories: Medicare Supp./Adv. and Mutual of Omaha (& Affiliates).

Retirement Planning Concept Illustrations Can Help Sell IUL

Did you know… that within your Winflex illustration software, you have access to a report that helps you show your clients how a United of Omaha Income Advantage Indexed Universal Life (IUL) policy can provide supplemental income during retirement? Simply go to the ‘Reports’ tab and choose ‘Funding Retirement Using Life Insurance’. This supplemental report will: Help clients understand the need for supplemental retirement income Explain how a properly funded IUL policy can help provide supplemental income Illustrate total premiums paid during the accumulation phase, as well as projected distributions during the disbursement phase Take a look at this sample
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Categories: Life Insurance and Mutual of Omaha (& Affiliates).

Living Promise (Final Expense) Medication Exclusion Update

Effective immediately, the following medications may now be eligible for Living Promise coverage. If you have a client who is taking any of the following medications, the underwriting decision may have changed. Please reference the chart below for the timeframes in which these changes are applicable. If you have any questions, please contact your sales director. Living Promise (Final Expense) Medication Exclusion Update #goldencareagent #MutualOfOmaha
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Categories: Life Insurance and Mutual of Omaha (& Affiliates).

Agent Alert: Signed-at-State Practice for NY & MA

This message is meant to clarify LifeSecure’s position on our “signed-at-state”‘ practice related to residents of New York and Massachusetts for our Long Term Care, Personal Accident and Hospital Recovery insurance products. As a reminder, LifeSecure Insurance Company cannot accept applications from residents of the states of New York or Massachusetts, regardless of where the application is completed and signed, unless the applicant maintains a secondary residence in another state. If a resident of New York or Massachusetts maintains a secondary residence in another state, he or she may submit an application if: LifeSecure has a product available in the
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Categories: Life Secure and Long-Term Care.

“The High Cost of Ultralow Interest Rates,” by Paul H. Kupiec, Wall Street Journal

“Extended periods of ultralow rates also make it more difficult for families to build precautionary reserves—for example, life insurance and long-term care insurance become prohibitively expensive.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): We make this point about the impact of artificially imposed low interest rates frequently, but it is not made often enough in the national media. Reminder: The Wall Street Journal is gated. The High Cost of Ultralow Interest Rates #goldencareagent
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Categories: Industry News, Life Insurance, and Long-Term Care.

“Aging-in-Place Wildly Popular, Home Health Aides Less So,” by Tim Mullaney, Home Health Care News

“The vast majority of Americans would prefer to receive senior care in a home setting, but that doesn’t mean they see professional home health aides as the ideal caregivers.  When asked where they would prefer to receive ongoing care should they need it, 77% of people said their own home, according to survey findings released Friday by The Associated Press and independent research organization NORC at the University of Chicago.  A senior community was the runner-up preference, but was chosen by only 11% of respondents.  …  Yet, of the many people who said they would prefer to receive at-home care,
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Categories: Industry News and Long-Term Care.

Promises Kept: Why Mutual of Omaha Is Your Choice For LTC

Over $792 Million in Benefits Paid to LTCi Policyholders We promised to pay our first LTCi claim back in 1987. Since then, we’ve paid over $792 million in benefits to LTCi policyholders. In 2014 alone, Mutual of Omaha paid $80 million in LTCi claims. That’s an average of $6.7 million per month. Our claims paying ability reflects our continually strong financial position. At year-end 2014, Mutual of Omaha had $1.683 billion in assets backing LTCi reserves and a total of $26.2 billion in invested assets. Our status as a mutual company allows us to take a conservative approach to investment
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).