On October 1st, the new issue ages for 10T and 15T Non-ROP Term Life Express (TLE) policies have increased. We also added four new benefit triggers for the Living Benefits Rider. New Issue Ages Issues Ages 18-50: $25,000-$300,000 Issue Ages 51-60: $25,000-$250,000 Issue Ages 61-70: $25,000-$150,000 New Living Benefits Triggers for Critical Illness As of October 1st, the Critical Illness Living Benefits Rider will now include benefit triggers for dementia (including Alzheimer’s), major burns, AIDS, and aortic aneurysm surgery in addition to the existing triggers (ALS, kidney failure, life-threatening cancer, major organ failure, heart attack, stroke) Here’s What You
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New Email Notifications for Unsuccessful Payments
Beginning Friday, September 21, 2018, we are now sending clients email notifications whenever the renewal premium that was set to automatically withdraw from their bank account is returned to us. This enhancement to our email notification system will allow your clients to receive notification prior to receiving a letter in the mail, which will allow them an earlier opportunity to take action. In addition to notifying the client of the returned payment, the email will provide the client with options to solve the issue, including: Making secure payment online (when available). This option allows the client to make a manual
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A Sales Idea Using Both the LTC and Chronic Illness Riders
Our Income Advantage IUL and Life Protection Advantage IUL policies now offer a Long-Term Care Rider in addition to an Accelerated Death Benefit for Chronic Illness Rider. In some cases, it may benefit your clients to choose both riders. Although both riders can’t be added to the same policy, your clients have the option to split a larger policy into two. And, only one application is needed – you just need to include instructions on the application regarding the client’s intent to split the policy. Take a look at the sales idea flyer to see a case study that shows
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2018 4th Quarter Broker Bonus Program
You can make even more bucks on your Medicare supplement and SELECT underwritten business through our 4th Quarter Broker Bonus Program. Here are the nuts and bolts: Qualification Period: Bonus Program period is from October 1, 2018 to December 31, 2018. Eligible states: Alabama Iowa New Jersey Tennessee Arizona Kentucky New Mexico Texas Colorado Louisiana* North Carolina Utah Florida Maryland Ohio Virginia Georgia Mississippi Oklahoma West Virginia Idaho* Nebraska Pennsylvania Wisconsin Illinois Nevada South Carolina Indiana New Hampshire South Dakota * 2 new states added for this contest period Qualifying Apps: All Medicare supp/SELECT
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“Medicare Advantage Premiums to Decrease by 6% in 2019″
“Medicare Advantage Premiums to Decrease by 6% in 2019,” by Thomas Beaton, HealthPayerIntelligence “CMS officially announced a six-percent decrease in Medicare Advantage premiums in 2019 as the result of MA enrollment, health plan options, and benefits increase. All signs point to the MA marketplace continuing to be a lucrative market for payers. CMS stated that the average 2019 MA premium will decrease from $29.81 to $28.00 and improve health plan affordability for most beneficiaries. Eighty-three percent of MA enrollees are expected to have either the same or a lower premium in 2019. CMS estimates that 46 percent of MA beneficiaries in
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Clippings, Industry News, and Long-Term Care.
“In the Nursing Home, Empty Beds and Quiet Halls”
“In the Nursing Home, Empty Beds and Quiet Halls,” by Paula Span, New York Times “The most recent quarterly survey from the National Investment Center for Seniors Housing and Care reported that nearly one nursing home bed in five now goes unused. Occupancy has reached 81.7 percent, the lowest level since the research organization began tracking this data in 2011, when it was nearly 87 percent. … Given an aging population, you’d think nursing homes would be coping with the opposite problem — surging demand for their services.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
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Clippings, Industry News, and Long-Term Care.
“5 Things to Know About New York Life’s New LTCI Policy,” by Allison Bell, ThinkAdvisor”
“5 Things to Know About New York Life’s New LTCI Policy,” by Allison Bell, ThinkAdvisor “Here’s a look at possible answers to five questions about the NYL My Cares policy a financial professional’s clients might have about the policy, drawn from the New York Life LTCI team’s written comments.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Interesting details on the new policy. #goldencareagent #LTCI
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Clippings, Industry News, and Long-Term Care.
2019 Health Marketing Credits Program
We now have a combined Health Marketing Credits Program for the following products: Medicare Supplement Long-Term Care insurance Priority Income Protection & Critical Advantage Portfolio Did you know you can earn marketing credits just for placing applications for these products with Mutual of Omaha? Each marketing credit gives you $1 to help build your Mutual of Omaha business. Use your credits for things like: Leads Postage for mailings Office supplies that allow you to use our electronic tools (i.e., computer, laptop, tablet or smart phone) Company Collection Merchandise There’s no limit to the number of credits you can earn!
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“The U.S. Returns to Top 10 in World Economic Freedom Index”
“The U.S. Returns to Top 10 in World Economic Freedom Index,” by Ian Vasquez, Foundation for Economic Education “According to the Economic Freedom of the World: 2018 Annual Report—co-published today in the United States by the Fraser Institute (Canada) and the Cato Institute—the United States has returned to the list of the top ten freest economies in the world after an absence of many years and a decline that began around the year 2000. The United States ranks 6th on the index. … Hong Kong and Singapore, as usual, occupy the top two positions. The next highest scoring nations are New
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Clippings, Industry News, and Long-Term Care.
2019 Med Supp Marketing Credits Program
Medicare Supplement Marketing Credits are as Good as Cash Good news! This same great program is available in 2019. You earn credits each month in which you have at least five eligible issued Mutual of Omaha or affiliate Medicare supplement new-business open enrollment or underwritten applications. Then spend your credits on activities that help you grow your Medicare supplement business or redeem them for Mutual of Omaha branded promotional items. Redemption Timeline for 2019 credits
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