In-Force Rate Action Announcement: Nevada (Privileged Choice® and Classic Select®)

May 4, 2018 | by | Comments Off on In-Force Rate Action Announcement: Nevada (Privileged Choice® and Classic Select®)

As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Nevada has now allowed the following increases: Nevada Product Series Increase Percentage Privileged Choice 55.0% phased 15%, 20%, 12.3% cumulative Classic Select 55.0% phased 15%, 20%, 12.3% cumulative     This rate increase applies to AARP® and Non-AARP policies. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications. Policyholder notifications will
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Categories: Genworth and Long-Term Care.

In-Force Rate Action Announcement: Delaware (PCS I, PCS II, Choice 1)

May 4, 2018 | by | Comments Off on In-Force Rate Action Announcement: Delaware (PCS I, PCS II, Choice 1)

As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Delaware has now allowed the following increase: Delaware Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods PCS I 59.6% phased 30%, 22.8% cumulative 80.2% phased 30%, 30%, 6.6% cumulative PCS II 58.7% phased 30%, 22.1% cumulative 78.3% phased 30%, 30%, 5.5% cumulative Choice 1 58.1% phased 30%, 21.6% cumulative 77.3% phased 30%, 30%, 4.9% cumulative  
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: North Dakota (Choice 1)

May 4, 2018 | by | Comments Off on In-Force Rate Action Announcement: North Dakota (Choice 1)

As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. North Dakota has now allowed the following increase: North Dakota Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Choice 1 72.8% phased 20%, 20%, 20% cumulative 72.8% phased 20%, 20%, 20% cumulative       This rate increase applies to Non-AARP, non-partnership policies only. Communications Timeline Servicing agents will receive a list of their impacted policyholders
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Connecticut (Choice 1)

May 4, 2018 | by | 1 Comment

As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Connecticut has now allowed the following increase: Connecticut Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Choice 1 18% 18%       This rate increase applies to partnership, non-partnership and non-AARP policies. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder
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Categories: Genworth, Industry News, and Long-Term Care.

Critical Advantage Express and Simplified Underwriting

May 4, 2018 | by | Comments Off on Critical Advantage Express and Simplified Underwriting

With a Critical Advantage policy, your clients get coverage that pays a lump-sum benefit upon diagnosis of a covered condition. It also offers two underwriting programs to give your clients the benefits they need faster. It also means you get paid faster. Express underwriting for Critical Advantage covers benefit amounts of $10,000 to $50,000. It has simple yes/no knock-out questions to make applying easy and fast. Simplified underwriting is for benefit amounts from $51,000 to $100,000. Simplified underwriting also has simple yes/no knock-out questions in addition to a MIB, Pharmaceutical inquiry and possible telephone interview. No matter which program you
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).

Disability Insurance Made Easy

May 4, 2018 | by | Comments Off on Disability Insurance Made Easy

One objection you may get from clients on DI coverage is that it’s just too complicated. Introduce these clients to Priority Income Protection®. Priority Income Protection® is basically DI made easy. It’s a straight forward product with no riders, occupation classes, medical exams or financial document needed. Coverage is usually issues in days and there is even an e-App you can use to get a quote and submit an app. You can see the other great advantages to PIP by clicking here. If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or sales.support@mutualofomaha.com.  
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

Use the LTCi Sales Ideas Flyers to Grow Your Business

May 4, 2018 | by | Comments Off on Use the LTCi Sales Ideas Flyers to Grow Your Business

Our long-term care insurance policies have several great benefits. The sales ideas flyers listed below are the way you can promote these benefits to your clients. Buy-Up Option — allows clients to increase inflation protection once a year. Only available on Mutual Care Custom Solution policies Cash and Reimbursement — let your clients choose how they want to receive benefits Return of Premium — an additional rider that can be offered to clients if they are hesitant on buying a LTC policy. There is an additional charge for this rider Care coordination — a built in benefit that will help
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Update Contact Information on SPA

May 4, 2018 | by | Comments Off on Update Contact Information on SPA

Is your contact information up to date? Ensure we have your current contact information. This information is used when completing e-Applications, for promotional mailings or email announcements we may send. It only takes a few minutes to verify/change your contact information we have on file: Log on to Sales Professional Access (www.mutualofomaha.com/broker) In the upper right-hand corner, select the image of the person Select “Profile” Review your information Update as needed your email address, mailing addresses and/or phone numbers After the change(s) are made, click “Update” It’s that easy to ensure we have your correct contact information. If you have
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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).

Medicare Supplement News – Omaha Family of Companies

May 4, 2018 | by | Comments Off on Medicare Supplement News – Omaha Family of Companies

Upcoming Rate Adjustments View upcoming rate adjustments for AZ, CT, IA, KS, KY, MI, MN, MT, NV, OK, PA, SC, SD, TN, and WV. •  2010 Modernized – CT, MN •  1990 Standardized – CT, KS, KY, SC, TN •  Plan N Rate Adjustment – AZ, KY, MI, MT, NV, OK, PA, SD, WV •  In-force Only Rate Adjustment – CT, IA, WV   Competitive Plan G Rates Did you know among the leading carriers Mutual of Omaha and its affiliates have some of the lowest Plan G rates across the nation! See how the savings add up!   New
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Good News | Mutual of Omaha Announces LTC New Business Amendment Process

May 2, 2018 | by | Comments Off on Good News | Mutual of Omaha Announces LTC New Business Amendment Process

Mutual of Omaha Announces LTC New Business Amendment Process Mutual of Omaha’s LTC New Business Team is happy to announce amendment processing on submitted applications! Currently, application corrections are required to be initialed by the client prior to policy-issue. Starting today, Omaha will accept most corrections via an email or phone call to issue the policy, with an amendment to be signed by the client upon policy delivery. Click Here for additional details. Questions? Call our Marketing Team at 800-842-7799! Read Full Good News Article #goldencareagent #omaha
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Categories: GoldenCare News, Industry News, and Mutual of Omaha (& Affiliates).