E-APP Enhancements This revamped version of the Product Introduction Guide was designed to provide key information regarding: • NGL’s focus on LTCi • NGL’s history & financials • EssentialLTC’s most popular features It also includes a brief explanation of all features within the EssentialLTC product. Use this as your go-to resource for initial information regarding NGL and EssentialLTC. If you have questions, please call NGL at (888) 505-2332 or email status@ngl-essentialLTC.com. EssentialLTC Product Introduction Guide Update #goldencareagent #ngl
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LTC Underwriting Guide Update
First announced in our April 2019 Underwriting Operation teleconference, the LTC field underwriting guide has been updated to include the newest guideline improvement: TENS units are now accepted. What are TENS units? TENS units, or transcutaneous electrical nerve stimulation units, are battery-operated devices used to treat pain. They work by delivering small electrical impulses through electrodes that have adhesive pads attached to a person’s skin and are an excellent noninvasive method for relieving pain. Clients with TENS units currently in use will be rated based on specific health condition. Review the changes on page 53 here, access the guide on
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Disability Income Protection Saves the Day
Bill Reid was driving home from the grocery store when he was hit head on by a car that crossed the median. In an instant, his life was turned upside down. He was unconscious for two weeks and when he woke up, he couldn’t speak and had lost most of his fine motor skills. Fortunately, Bill had disability income insurance. The coverage from his policy helped him focus on his recovery, not how he was going to pay the bills. We encourage you to use examples like Bill’s to help clients understand how disability income insurance saves the day when
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Rate Adjustments Effective December 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 December 1, 2019: Block of Business Impacted States LTC04G Arkansas, Iowa LTC04I New Mexico LTC06UI Pennsylvania, Iowa, Oklahoma, Ohio, New
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The Critical Advantage℠ Products Have Coverage for the Whole Family
Almost everyone knows someone who has had one of the covered conditions in the Critical Advantage product portfolio. Unfortunately, this may include family members. All the products in the Critical Advantage portfolio; Critical Illness, Cancer and Heart Attack and Stroke, offer individual, individual plus children and family coverage. Family coverage includes your client’s partner and all dependents who are under age 26. Either partner can be the primary insured on a family policy, but the premium is based on the oldest insured. Children are eligible for a maximum amount of coverage of $50,000 each and the premium is the same
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Medicare News – Omaha Family of Companies
Medicare Supplement: Upcoming Med Supp Rate Adjustments Please view the upcoming Med Supp Rate Adjustments in AR, MT, OR, TX, and VA. October Modernized Med Supp Rate Release Please view the upcoming Med supp Modernized October Rate Release in Arkansas and Louisiana. Gearing up for Annual Enrollment Our monthly Medicare Solutions webinar – Gearing Up for Annual Enrollment – is scheduled for Tuesday, September 24 at 10:30 a.m. CST. Tune in to hear Alicia Hanson discuss tips for a successful AEP. 4th Quarter Broker Bonus Program The 4th Quarter Broker Bonus Program period is from October 1,
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Final Reminder: October 1st Updates for 2017 CSO Table Changes
As a final reminder, on October 1, 2019, United of Omaha will be modifying our GUL and GUL Express products due to the implementation of the 2017 Commissioners Standard Ordinary (CSO) Tables. Product Impacts Guaranteed Universal Life (GUL) The product will be updated with the new CSO tables, resulting in a mix of increases and decreases in premiums. The Disability Continuation of Planned Premium Rider will be introduced on GUL in California at the same time. Guaranteed Universal Life Express (GUL Express) The product will be updated with the new CSO tables, which has resulted in decreases in the lifetime
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Coming Soon: Decreased GULE Rates
On October 1, 2019, we will be making Guaranteed Universal Life Express (GULE) even more competitive, with rate decreases between 5 and 30 percent! Here’s what you can expect beginning October 1: We will be decreasing rates – in some cases up to 30%! We will be expanding the maximum issue age for non-tobacco to age 70 (tobacco will remain at age 65) We will be changing the maximum face amounts to match Term Life Express. The maximum face amounts will now be: 18-50: $300,000 51-60: $250,000 61+: $150,000 The Disability Continuation of Planned Premium Rider will be introduced on
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Case Study: A New LTC Producer Uses Underwriting Tools to His Advantage
Don is a new long-term care insurance agent based in St. Louis. As he learns the industry and product, Don has found it useful to carry the MutualCare® Solutions Underwriting Guide as an aid while screening clients. Recently, Don was working with a 65-year-old male applying for the Custom Solution. Having already familiarized himself with the build chart before the meeting, Don knew to quote no better than Class 1 based on the client’s height and weight. However, during the prescreen Don learned of a pre-diabetes diagnosis. Unsure how to proceed, Don consulted the Underwriting Guide. Under “Diabetes” the guide
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Good News | Coming October 1st – Mutually Well!
Announcing Mutually Well, A New Fitness & Wellness Program Mutual of Omaha has partnered with Tivity Health to provide our Medicare supplement customers with a comprehensive fitness and wellness offering called Mutually Well. Effective October 1, our Medicare supplement policyholders will have access to begin using this new program. Click below for program features and Omaha’s official press release: Announcing Mutually Well Read Full Good News Announcement Questions? Call the GoldenCare Marketing Team at 800-842-7799! Don’t forget to subscribe to our News Digest for all the latest announcements from the Top Carriers! Check out GoldenCare News
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