On October 1, 2019, we will be making Guaranteed Universal Life (GULE) even more competitive, with rate decreases between 5 and 30 percent! Product Updates 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 61-65: $150,000 61-70: $150,000 The Disability Continuation of Planned Premium Rider will be introduced on GUL Express in California at
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Our LTC Rider Helps Clients Preserve Their Independence
When the need for long-term care arises, your clients’ primary concerns will be protecting their assets and preserving their independence. Our LTC Rider on Income Advantage IUL and Life Protection Advantage IUL helps your clients to do just that. We offer benefit payment options of 1%, 2% and even as high as 4% on face amounts up to $1.25 million. This allows your clients to purchase up to $50,000 in monthly LTC Rider benefits. And what’s even better, your clients are protected by a company with a proven track record. Mutual of Omaha has offered traditional LTCi for over 30
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IUL Participation Rate and Cap Rate Changes
Effective November 10, 2019, we will be making changes to our participation rates and cap rates on our Income Advantage IUL and Life Protection Advantage IUL products. The slight decreases to the rates come as a result of the current rate environment and the increased market volatility, which causes an increase in options costs. These rate changes will apply to newly issued policies, as well as to any in force policies with a segment that is created (with new premium dollars) or renews on November 10th. With the sweep feature, all money received in the home office on or before
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GTL’s New 4th Quarter Bonus Programs | HIP and Precision Care
GTL’s Writing Agent 4th Quarter Bonus Programs are back and bigger than ever! For qualified Hospital Indemnity and/or Precision Care™ Cancer Insurance applications submitted between October 1, 2018 and December 31, 2018.* Submit 4-9 Applications Per Month Hospital Indemnity & Precision Care™ Bonus $25 per app For each Advantage Plus®, Indemnity Plus®, and/or Precision Care™ application submitted, signed and dated within the qualification period. Only 1 bonus payable per household per product. Submit 10+ Applications Per Month Hospital Indemnity & Precision Care™ Bonus $50 per app For each Advantage Plus®, Indemnity Plus®, and/or Precision Care™ application submitted, signed and
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What Can I Do Between Now and October 15th?
What Can I Do Between Now and October 15th? Do find yourself asking this question? As you start to gear up for AEP 2020, remember to keep your marketing activities compliant. Below is some information that should help you do just that, when it comes to marketing for the upcoming Annual Enrollment Period. During Pre-AEP (Oct 1 – Oct 14), You CAN: Educate consumers by providing plan information Conduct marketing activities as long as you don’t “receive” or “solicit” an application Leave an application with the client for them to fill out and submit on/after Oct 15th (don’t write your
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Case Study: Why Clients Get Issued “Other Than Applied”
Camila, a 63-year-old woman in Arizona, applied for MutualCare® Custom Solution. She was quoted Select; however, after underwriting review, a Class I rate was offered. How did this happen? During the application process, Camila hadn’t told her agent about a stroke she had 3 years ago, and it was discovered when the underwriter reviewed her medical records. This stroke history changed Camila’s rate class, and upon discovery the underwriter emailed the agent regarding the rate class change and encouraged the agent to call and discuss options with the client. The agent discussed the rate class change with the client and
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Flexible Payment Options Added to More Products
Good news! Flexible payment options will be available for your Critical Advantage&sig;, Priority Income Protection® and Guaranteed Advantage clients starting September 27, 2019, for your clients that prefer to pay by automatic bank deductions. They now have the option to select a flexible payment date when choosing their reoccurring automatic deductions The new flexible payment options are shown below: Static dates: 1st through 28th or last day of each month Flexible day: Week/day combination – client can select a combination of: First, second, third fourth or last week of the month and any day Monday through Friday Here is the
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Living Promise Instant Decision Enhancements
When you sit with your clients you want to provide them with an underwriting decision as quickly as possible. We are always looking for ways we can improve our processes to make doing business even easier for you and your clients. Last month we installed enhancements to the rules for Automated Underwriting on Living Promise e-Applications. After the install, we saw a 6% change. This resulted in decreases in referrals and increases in decisions at point-of-sale. We are continually watching trends and making adjustments to our rules to ensure you have the best experience possible for both you and your
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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 CO and PA. 2020 Med Supp and Dental Marketing Credits Program Our 2020 Marketing Credits Program will now include credits for your dental applications as well as Medicare supplement applications. And now earn 1% of ANBP on all qualified apps whether submitted via paper or e-App. Value Added Benefits- Let’s Talk Mutual has several value-added benefits with their Medicare supplement plans – EyeMed, Amplifon and Mutually Well. Now we can talk about them pre-sale and have new marketing materials to share with
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GTL’s New 4th Quarter Bonus Programs | Medicare Supplement
GTL’s Writing Agent 4th Quarter Bonus Programs are back and bigger than ever! For qualified Medicare Supplement applications submitted between October 1, 2018 and December 31, 2018.* Submit a Minimum of 4 Applications Per Month $50 per underwritten application. Medicare Supplement Bonus For each underwritten Medicare Supplement application submitted, signed and dated within the qualification period. Applies to GTL Medicare Supplement Plans F, G and N only. Download PDF for More Information Contact GTL’s Sales Support with any questions at (800) 323-6907, or email agency@gtlic.com. GTL’s New 4th Quarter Bonus Programs | Medicare Supplement #goldencareagent #gtl
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