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

November 5, 2018 | by | Comments Off on In-Force Rate Action Announcement: Alabama (Pre-PCS, 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. Alabama has now allowed the following increases: Alabama Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Pre-PCS 39% 72% PCS I 55% 72% PCS II 55% 72% Choice 1 55% 72%       This rate increase applies to Non-AARP, non-partnership policies only. Communications Timeline Servicing agents will receive a list of their impacted policyholders in
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Categories: Genworth, Industry News, and Long-Term Care.

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

November 5, 2018 | by | Comments Off on In-Force Rate Action Announcement: Alabama (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. Alabama has now allowed the following increases: Alabama Product Series Increase Percentage Privileged Choice 26.6% Classic Select 26.6%     This rate increase applies to Non-AARP policies only. 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 begin November 6, 2018 and will continue throughout the next year.
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Categories: Genworth, Industry News, and Long-Term Care.

Medicare News – Omaha Family of Companies

November 5, 2018 | by | Comments Off on Medicare News – Omaha Family of Companies

Medicare Supplement: Upcoming Med Supp Rate Adjustments Scroll through the announcement for details on the following rate adjustments. • Modernized Rate Adjustment — MOO-NH; UW-IA, NE, WV    *See page 1 of the attachment • In-force Only Rate Adjustment — UOO-NH    *See page 2 of the attachment • Plan N Rate Adjustment — UOO-NH; MOO-NH; UW-NH    *See page 4 of the attachment   Dental Insurance for Your Medicare Clients You have a built-in target market. If you are selling Medicare supplement, there are a number of reasons you should be offering your Medicare clients a dental policy.   Medicare Advantage and
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Coming Soon: Automated Underwriting for Living Promise

November 5, 2018 | by | Comments Off on Coming Soon: Automated Underwriting for Living Promise

We will soon be offering Automated Underwriting for Living Promise (Final Expense) e-Applications. Here’s why you’ll like it: Get an instant underwriting decision on your Living Promise e-Apps any time – day or night. Just follow the e-App and it will guide you through all the questions you need to ask your client – the Automated Underwriting feature will run in the background. Ever worried you’re missing something on your application? No need to worry, with the e-App the correct forms always come pre-loaded so you know you have all the correct forms when you are ready to submit. With
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Don’t Forget, Critical Advantage has Cut Rates!

November 5, 2018 | by | Comments Off on Don’t Forget, Critical Advantage has Cut Rates!

Great news! Starting on 11/1/18, the rates for all Critical Advantage℠ products will be cut by 20%! Your clients will get the same great coverage for less money, which could mean more sales for you. Check out how much they can save below. Age Current Monthly Rate New Monthly Rates Monthly Savings Yearly Savings 35 $22.81 $18.25 $4.56 $54.72 45 $38.09 $30.48 $7.61 $91.32 55 $59.69 $47.75 $11.94 $143.28 65 $86.69 $69.35 $17.34 $208.08   This example is a Cancer policy with a $30,000 benefit amount and lifetime coverage. Check out this flyer to see how our new rates compare
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).

A MutualCare Solutions Policy Gives Clients Peace of Mind

November 5, 2018 | by | Comments Off on A MutualCare Solutions Policy Gives Clients Peace of Mind

Along with the great benefits that come with a MutualCare Solutions policy, Mutual of Omaha also has fantastic customer service. Watch the video below from a customer whose mother owned a long-term care policy and how it helped keep her nest egg for her grandchildren.   If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com.   A MutualCare Solutions Policy Gives Clients Peace of Mind   #goldencareagent #mutualofomaha
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

The New LTC Rider is Now Approved in North Dakota

November 2, 2018 | by | Comments Off on The New LTC Rider is Now Approved in North Dakota

On November 1, agents selling in Florida, Hawaii, North Dakota and Virginia will now have an additional option to help meet clients’ long-term care planning needs. The new Long-Term Care Rider will be available for you on our Income Advantage and Life Protection Advantage Indexed Universal Life (IUL) insurance policies. The LTC Rider provides: Benefits for Nursing Home, Assisted Living, Home Health Care and Adult Day Care Maximum total benefits up to 100% of the initial specified death benefit 1%, 2% or 4% monthly acceleration percentages One-time, 90 calendar-day elimination period Automatic issue of the Chronic Illness Rider if the
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Omaha 2018 End-of-Year Pay Schedule

November 2, 2018 | by | Comments Off on Omaha 2018 End-of-Year Pay Schedule

Mutual of Omaha and its affiliates (United of Omaha, Companion Life Insurance Company, and United World) will be closed on the following days: Thanksgiving: Thursday, November 22, 2018 Day After Thanksgiving: Friday, November 23, 2018 Christmas Eve: Monday, December 24, 2018 Christmas Day: Tuesday, December 25, 2018 New Year’s Eve: Monday, December 31, 2018 New Year’s Day: Tuesday, January 1, 2019 The past pay cutoff in 2018 is December 28 for Life and December 27 for Health. This is the last pay cycle to be paid in 2018. Holiday Date Holiday Observed Life Cutoff (New issues & renewals) Check Distribution
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Categories: Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

South Dakota Approves Lower Inflation Rates for Partnership

November 2, 2018 | by | Comments Off on South Dakota Approves Lower Inflation Rates for Partnership

Lower inflation rates now qualify for Partnership status in South Dakota. This change will be implemented on November 1, 2018. LTC13 applications signed in South Dakota on or after September 7, 2018 will determine Partnership qualification based on these new guidelines. Software Information South Dakota partnership will be updated for MutualCare® Solutions November 1 and on Winflex January 1. Please remember to keep your Winflex or MutualCare® Solutions software up-to-date by downloading the latest version from SPA. View states with approved Partnership and details here. For additional details on Partnership policies and information visit our Partnership page on SPA. If
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Submitting Paper Enrollment Applications for PDP

November 2, 2018 | by | Comments Off on Submitting Paper Enrollment Applications for PDP

Reminder: All Mutual of Omaha Rx paper enrollment applications must be received within 48 hours of the application sign date to our processing center in Pennsylvania. The enrollment application and Scope of Appointment (SOA) are submitted to different locations; it is critical that you submit the forms via the appropriate methods noted on the Agent Checklist in your enrollment packet. Paper Enrollment Application: Enrollment applications only must be submitted to either the Fax number or mail address below. It is highly recommended that the enrollment application form be submitted via Fax. FAX to 855-867-6711, or Mail to: Mutual of Omaha
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).