“Bill Gates says there could be a way to predict Alzheimer’s using a voice app that listens for ‘warning signs’”

“Bill Gates says there could be a way to predict Alzheimer’s using a voice app that listens for ‘warning signs’,” by Aria Bendix, Business Insider “Scientists have yet to find a cure for Alzheimer’s, a disease whose symptoms include memory loss, impaired judgment, and difficulty speaking. About 14 million Americans are expected to be living with Alzheimer’s by 2050. Doctors rely mostly on physical symptoms to diagnose the disease, though they can also use spinal taps and brain scans to detect it. But Bill Gates envisions a future in which people can predict Alzheimer’s before symptoms manifest using a voice app on their
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Categories: Clippings, Industry News, and Long-Term Care.

“’Generation Alpha’ Babies Arrive With Caregiving Obligations”

“’Generation Alpha’ Babies Arrive With Caregiving Obligations,” by Allison Bell, ThinkAdvisor “About 47% of Millennial caregivers who have children, or plan to have children, say they expect those children to help pay for their long-term care, according to survey results released recently by Northwestern Mutual. … Only about 16% of the Baby Boomer caregivers surveyed, and 35% of the Generation X caregivers surveyed, are counting on their children to help pay for long-term care, according to Northwestern Mutual.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): What would “The Who” have to say about Gen A?
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Categories: Clippings, Industry News, and Long-Term Care.

“Agenda For Seniors”

“Agenda For Seniors,” by John Goodman, Forbes Senior citizens are discriminated against by a number of unwise public policies. People on Social Security lose benefits if they earn even a modest amount of wage income. Medicare is paying doctors the way it did in the last century – long before the existence of email or iPhones. Seniors are the only people in our society who can’t have a Health Savings Account – from which to pay bills not covered by health insurance. Double taxation of senior savings is unfair. Forced withdrawal of senior citizen savings makes no economic sense. And
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Categories: Clippings, Industry News, and Long-Term Care.

Medicare News – Omaha Family of Companies

Medicare Supplement: Upcoming Med Supp Rate Adjustments Please view the upcoming rate adjustments in MI, MS, NC, ND, NE, OH, TX and WY.   2019 Medicare Supplement Conference Discount During April, there is a First Time Attendee Discount code to receive $200 off your registration.   New Medicare Supplement Plan in Georgia! You may begin selling our new competitively priced Medicare supplement plans in Georgia underwritten by Mutual of Omaha.   Medicare Advantage and Prescription Drug Plans: PDP Commission Announcement The first commission payment for our Prescription Drug Plan product, will be made April 26, 2019.   #goldencareagent #mutualofomaha
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Critical Advantage Rate Decrease for Existing Policyholders – OR, RI, VA, WV

Another group of states have approved the Critical Advantage rate decrease of 20% for current policyholders. Effective June 1, 2019, the following states have been approved: Oregon, Rhode Island, Virginia and West Virginia. 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 06/01/2019. 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
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).

Critical Advantage Underwriting Guide Updates

To ensure you always have the most accurate information available from us, the Critical Advantage underwriting guide has been updated with the following: Reminder: Dependent children 18 years of age and older will need to sign and date the MIB/HIPAA form for plans including children Expanded information on the ease of using the e-App to submit business Included more information on downloading and using the mobile quote app Under appealing an underwriting decision section, the following has been added: Three years of medical records are required if a health question is answered yes on the application and the client now
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).

DI Choice Success Tips-Common Medical Conditions

When your client has a medical condition, it does not necessarily mean they won’t be considered for Disability Income Insurance. Here are some common medical conditions that can still be covered. Alcohol and Drug Addiction — client may be considered five years post treatment, if there is no alcohol or drug use of any kind and has no arrests, additional treatment or related health conditions. Sleep Apnea — clients will be considered two years post diagnosis with well-controlled condition if they are following prescribed treatment or treatment is no longer needed. Weight Issue — ratings are based on our build
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

New LTC Marketing Materials Update

With a product this flexible and popular, we didn’t need to make any changes to it. So we didn’t. But we are excited to let you know that our materials have been updated to better reflect the Mutual of Omaha brand, are easier to understand and are more consumer-friendly. The materials below are newly redesigned and available to order in the following states: Partnership Brochure AK, AL, AZ, CO, DE, FL, GA, IA, ID, IL, KS, KY, LA, MA MD, ME, MI, MN, MO, MS, MT, NC, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD,
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Automated Underwriting Update

An important tip to keep in mind – in order to get the most accurate underwriting decision, please take your time while completing the health questions on the e-App. The ‘instant decision’ tool needs to have enough time to run the health checks in the background while the questions are completed. If you are new to Living Promise or e-Apps watch our training videos for the in-person signature method and email signature method. They walk you step-by-step through completing the e-App for Living Promise.   If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800)
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

The Advantages of a Reimbursement Model LTC Rider

Our LTC Rider on Income Advantage IUL and Life Protection Advantage IUL follows what is known as a reimbursement rider model. Many other companies use an indemnity model. Knowing the difference is important. Here’s a basic definition: Indemnity – Policyowner can take rider benefits up to the maximum monthly benefit limit regardless of the actual expenses incurred. Reimbursement – Policyowner is reimbursed based on actual expenses incurred by the insured, up to the maximum monthly benefit limit. At first glance based on the definitions alone, an indemnity rider may seem like the obvious choice, that your client has access to
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).