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).

AIG: Hurricane Irma: Update September 12, 2017

Hurricane Irma: Update September 12, 2017 There have been widespread reports of wind damage, flooding, and power outages in several Southeast states due to the impact of Hurricane Irma. As of Tuesday morning (9/12), the storm had been downgraded to a tropical depression and was expected to continue to lose strength as it moved northward. An immediate priority has been the safety and well-being of the small number of our employees and their families in areas where Irma has caused damages and created disruptions. We do not expect that Irma will have an impact on AIG Life Operations, or on
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Categories: Accident Insurance, American General, and Critical Illness.

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).

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
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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
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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
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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
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Categories: Industry News and Long-Term Care.

“How to cope with health care costs in retirement”

“How to cope with health care costs in retirement,” by Steve Vernon, CBS MoneyWatch “Long-term care is the wild card in your retirement planning. A lengthy stay in an assisted living facility or nursing home can quickly drain your retirement savings, even if you have substantial savings in an HSA, 401(k) or IRA. Ideally, you want to develop a thoughtful strategy to protect yourself and your family against potentially ruinous long-term care expenses, including some combination of: Buying long-term care insurance Holding home equity in reserve Taking out a reverse mortgage line of credit and holding it in reserve for
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Categories: Industry News and Long-Term Care.