We announced last month the Critical Advantage rate decrease of 20% for current policyholders for a handful of states. Effective March 1, 2019, the following states can be added to that list: AZ, DE, GA, ID, IL, LA, ME, MS, MO, NV, NM, VT and WI Your current customers in these states will not have to do anything to get the new rates. Their premiums will be at the new 20% rate cut automatically starting on 03/01/2019. Here is what your clients can expect with the lower rates. Age Current Monthly Rate New Monthly Rates Monthly Savings Yearly Savings 35
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Priority Income Protection Approval in California
Last week we announced the approval of California for Priority Income Protection® on January 15, 2019. Now marketing material is available too. Marketing material includes a point of sale brochure, recruiting material, sales ideas and underwriting guide. Some of the great advantages of PIP are: Simple product, easy to understand (no riders) Affordable, clients choose their benefit amount up to $4,000 Convenient, easy quote and e-App with knock-out questions, no medical exams or financial documentation required Fast protection, policies are issued in just a few days No occupation classes–off the job coverage Predictable, coverage is issued as applied for (no
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Chronic Illness Rider Materials Updated
We offer Accelerated Death Benefits for Terminal Illness and Chronic Illness which give clients an option to access a portion of their death benefit early. This money can provide a little more comfort during a difficult time or can be used to help cover the costs of long-term care. For the Chronic Illness Rider, the benefit amount is capped each year by the IRS per diem limit. For 2019, this limit has increased to $370 per day (or $135,050 for the year). The following materials have been updated to reflect the extension of the per diem limit into 2018: Accelerated
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Accelerated Underwriting for TLA
Our Accelerated Underwriting program for Term Life Answers is easy. Submit a Speed eTicket (drop ticket), ExamOne contacts the client — we take care of the rest. The best part? We’ll provide an underwriting decision in 48-72 hours! Click here to find out which of your clients could qualify for Accelerated Underwriting. If you have questions, please contact your Mutual of Omaha Account Executive or Sales Director. Accelerated Underwriting for TLA #goldencareagent #mutualofomaha > Related: Accelerated Underwriting for TLA is Here! Coming Soon: Accelerated Underwriting for TLA
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Use the Critical Advantage Needs Flyer
Most of us know someone who has had cancer, a heart attack or a stroke. The products in the Critical AdvantageSM Portfolio cover all of these conditions. The Critical Advantage needs flyer gets this message to clients and gets sales leads for you. The flyer details the need for these products and the conditions they cover. A tear-off card is also included so it’s easy for potential clients to let you know when they want to hear more about this coverage. Click here to take a look at the flyer. It is available to order through normal ordering channels. If
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LTCi Tax Advantages Flyer Updates
A unique advantage of traditional LTCi is the tax benefits it offers to your clients. The LTCi tax advantages flyers are now updated with the 2019 eligible deduction amounts. Let your clients know buying a traditional long-term care insurance policy from Mutual of Omaha offers tax advantages. Also, if you have clients that are small business owners, there may be significant tax savings if they use business dollars to purchase long-term care insurance. For more information on the tax advantages of LTCi policies, review the following: For tax advantages for consumers, click here. For tax advantages for small business owners,
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Priority Income Protection Pending Approval in California
California will be approved for Priority Income Protection® on January 15, 2019. Priority Income Protection helps you serve your middle-income clients who need to protect their most important asset—their paycheck. Some of the great advantages of PIP are: Simple product, easy to understand (no riders) Affordable, clients choose their benefit amount up to $4,000 Convenient, easy quote and e-App with knock-out questions, no medical exams or financial documentation required Fast protection, policies are issued in just a few days No occupation classes–off the job coverage Predictable, coverage is issued as applied for (no exclusions, rate ups) For more information, click
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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 Adjustments — UOO-FL *See page 1 of the attachment • Modernized Rate Adjustments — MOO-HI *See page 4 of the attachment Upcoming Med Supp Rate Adjustments Scroll through the announcement for details on the following rate adjustments. • Modernized Rate Adjustments — UW-NV *See page 1 of the attachment • Modernized In-force Only Rate Adjustments — UOO-MI, NC; MOO-NC; UW-SD *See page 2 of the attachment • Standardized Rate Adjustments — MOO-MO *See page 4 of the attachment
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LTC Claims Materials
If clients go on claim, there is a good chance they may be calling you for help. Here are some materials that will help you and your client through the claims process. Agent Guide – Enhance your knowledge about the LTCI claims process. Point-of-Sale-Brochure – Show prospective clients how the policy they’re considering will work at claim time. Available in all states except FL. Policyholder Guide – Give to policyholders who contact you to initiate a claim. You can download these items now by clicking on the links above, find them on Forms and Materials on SPA, or order through
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Critical Advantage Rate Decrease for Existing Policyholders
We announced earlier this year the Critical Advantage rate decrease of 20% for new customers. Now the rate decrease will be in effect for current policyholders starting on February 1, 2019. The current customers receiving the rate decrease will not have to do anything to get the new rates. Their premiums will be at the new 20% rate cut automatically starting on 02/01/2019. Here is what your clients can expect with the lower rates. 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
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