We’ve seen a 650% increase in long-term care costs over the past 14 years.1 Unfortunately, costs aren’t going down, either. As you’ll see in our newly updated Cost of Care Study, prices continue to rise in every US state, for every level of care. View Cost of Care Study → With these statistics, the evidence is clear: long-term care insurance is essential to protect the financial future of your clients and their families. Not to mention, it keeps them happy, in their home, and surrounded by those they love. To see how these rising costs are
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Coming in July: Updated Asset Care®
By Jan. 1, 2020, all issuers of life insurance are required to reprice their products according to the 2017 CSO mortality tables. OneAmerica® has updated the benefits and pricing within our whole-life based Asset Care® product suite, and we will be launching a new product in July! State approvals Click on the Asset Care Product Lunch and Advertising Approval tracking spreadsheet for the most current state availability information. After the initial launch, you may continue to sell the current product in states where the new product has not launched. Transition rules Paper apps for the current product must be received
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EssentialLTC Product & Materials Update
Updated Tax Summary New & improved! Updated information for 2019 and additional information across the board. Updated Tax Summary Updated Agent Guide Updated Employer/Association Group Guideline section to include Employer Group rate class (where available) and minimum participation requirements. Be sure you have the most recent version of this go-to administrative guide and check for a 3/19 revision date on the bottom of the content pages. Updated Agent Guide Other Recently Updated Marketing Materials Product Features & Sales Ideas — learn about the highlights of the EssentialLTC product with corresponding sales ideas Product Summary — updated
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California Fair Claims Settlement Practices Regulation
The state of California requires that insurers communicate standards for the prompt handling of claims to all individuals that may be in contact with our customers and could receive notice of a claim. On an annual basis, the company’s Chief Compliance Officer must certify compliance with the California Fair Claims Settlement Practices regulations. Although you do not process claims, you play a very important role in supporting the Claims area to meet the standards set by California. This communication is intended to serve as a reminder of the California requirements, which state: Upon receiving notice of claim (written or oral)
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Holiday Telephone Solicitation Bans for the Month of June 2019
Please be aware of the following telephone solicitation bans for the month of June. On Monday, June 3, 2019: Louisiana prohibits unsolicited marketing calls to residents in observance of Confederate Memorial Day On Monday, June 3, 2019: Alabama prohibits unsolicited marketing calls to residents in observance of Jefferson Davis Day Holiday Telephone Solicitation Bans for the Month of June 2019 #goldencareagent #mutualofomaha
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Rate Adjustments Effective September 2019
Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha and we intend to remain a key player in this market for years to come. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective September 1, 2019: Block of Business Impacted States LTC04UI and LTC06UI Rhode Island For a complete rate history, see
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Rate Adjustments Effective August 2019
Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha and we intend to remain a key player in this market for years to come. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective August 1, 2019: Block of Business Impacted States LTC06UI Colorado For a complete rate history, see the state approval
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Now Available – Updated Product and Underwriting Guides
The Life Insurance Underwriting Guidelines and Product Portfolio have been updated and are now available to order. Click below to view/download directly: Underwriting Guidelines Product Portfolio All materials are available to view/download through SPA or can be ordered through your normal channels. If you have questions, please contact your Account Executive or Sales Director. Now Available – Updated Product and Underwriting Guides #goldencareagent #mutualofomaha
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It’s Disability Insurance Awareness Month!
Whether you are brand new, seasoned in DI sales, or a life producer ready to cross-sell, start talking DI. Here are tips to get you going: To start the DI conversation, focus on the need, not the product. You can start by asking questions like: What is most important to you? How do you spend your money? Once you’ve learned what interests them, get clients to think about what would happen to the things they value in the event an illness or injury puts them out of work and stops their income. Ask: What would happen if you could no
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Update on the Critical Advantage Rate Decrease for New Applications – WA
Great news! Washington can offer the products in the Critical Advantage portfolio with a 20% rate cut starting June 1, 2019. Your clients in WA 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 New Monthly Rate Previous Monthly Rate Monthly Savings Yearly Savings 35 $18.25 $22.81 $4.56 $54.72 45 $30.48 $38.09 $7.61 $91.32 55 $47.75 $59.69 $11.94 $143.28 65 $69.35 $86.69 $17.34 $208.08 This example is a Cancer policy with a $30,000 benefit amount and lifetime coverage. Check out this flyer to
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