Underwriting and New Business have received several inquiries for processing alternatives in light of the current situation. This article provides information on the following topics: NEW: We are now allowing fully-underwritten IUL policies to be submitted using Speed eTicket (drop ticket) and using Accelerated Underwriting The status of our new business vendors Accepted ways of accepting electronic signatures for new business processing Email submission of applications and requirements Policy output options NOTE: This information pertains to our Life and Health product lines, excluding Long-Term Care, Medicare Supplement and Prescription Drug Plan (PDP). We will engage our partners at LTCG for
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“CMS waives nurse-aide training, certification requirements”
“CMS waives nurse-aide training, certification requirements,” by Danielle Brown, McKnight’s LTC News Quote: “Nursing homes in need of more direct-care workers have received a big boost from federal regulators. A rule that says new aides cannot work longer than four months without becoming certified has been waived by the Centers for Medicare & Medicaid Services. The vital staffing decision was a part of a set of blanket waivers applauded by operators, many of whom are facing staffing shortages as the pandemic continues to create thousands of new COVID-19 patients every day.” LTC Comment (from Stephen A. Moses, President,
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Clippings, Industry News, and Long-Term Care.
“Moderate drinkers have lower amyloid-beta levels, study finds”
“Moderate drinkers have lower amyloid-beta levels, study finds,” by Alicia Lasek, McKnight’s LTC News Quote: “Individuals who moderately consume alcohol throughout their lifetimes show fewer deposits of dementia-associated amyloid-beta in brain scans, according to Korean researchers. Investigators interviewed more than 400 dementia-free men and women from age 56 to 90 about their drinking habits. All participated in brain scans, physical exams and cognitive testing. Participants who drank one to 13 standard drinks a week had a 66% lower rate of amyloid-beta deposits than a cohort who abstained from drinking. Standard drinks were defined as any drink that contained 10 grams
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Clippings, Industry News, and Long-Term Care.
Upcoming Rate Changes for Life Products
We are announcing upcoming changes to our participation rates, cap rates and fixed account rates on our life products. These rate decreases come as a result of the current rate environment and the increased market volatility, which causes an increase in options costs. Effective April 1, 2020, we will be lowering the fixed crediting rate on Income Advantage IUL, Life Protection Advantage IUL, IUL Express and AccumUL Answers. Effective May 10, 2020, we will be making changes to our participation rates and cap rates on our Income Advantage IUL and Life Protection Advantage IUL products. Fixed Crediting Rate Changes Effective
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Medicare News – Omaha Family of Companies
Medicare Supplement: 2nd Quarter Broker Bonus Incentive Program View details on Mutual of Omaha’s Medicare supplement Broker Bonus Program. 2020 Med Supp Buyer’s Guides Latest update on the availability of the 2020 Med supp buyer’s guides. New Plans Available in MN and WA View upcoming High Deductible G Availability information. #goldencareagent #mutualofomaha
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2020 Med Supp Buyer’s Guides
The 2020 buyer’s guides, Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare and the Wisconsin Guide to Health Insurance for People with Medicare have been released. Regarding the Wisconsin buyers guide (337129_2020) The guide is print-on-demand and is available today for ordering. It may be ordered individually or in the Wisconsin Med supp sales kit. It will be updated in the e-App documents on March 26 It is also available now on Sales Professional Access (SPA) mutualofomaha.com/broker Forms and Materials to view and download. Regarding the Center for Medicare and Medicaid Services (CMS) Med supp
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2nd Quarter Broker Bonus Incentive Program
You can make even more bucks on your Medicare supplement underwritten business through our 2020 2nd Quarter Broker Bonus Program. Here are the nuts and bolts: Qualification Period: Bonus Program period is from April 1, 2020 to June 30, 2020. Eligible states: Payment will be made on qualified applications in the following states: Alabama Illinois Nebraska Ohio Texas Arizona Iowa Nevada Oklahoma Utah Colorado Kentucky New Jersey Oregon Virginia Florida Louisiana New Mexico Pennsylvania West Virginia Georgia Maryland North Carolina South Dakota Wyoming Idaho Mississippi North Dakota Tennessee Qualifying Apps: All Medicare supp applications, any state, any Plan
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Critical Advantage Has Express and Simplified Underwriting
With the products in the Critical Advantage Portfolio, your clients get coverage that pays a lump-sum benefit upon diagnosis of a covered condition. It also offers two underwriting options to give your clients the benefits they need fast. It also means you get paid fast. Express underwriting for Critical Advantage products covers benefit amounts from $10,000 to $50,000. It has simple yes/no knock-out questions to make applying easy and fast. Simplified underwriting is for benefit amounts from $51,000 to $100,000. Simplified underwriting also has simple yes/no knock-out questions in addition to a MIB, Pharmaceutical inquiry and possible telephone interview. No
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How to Safely Conduct Business
As we shared with you on March 16, 2020, Mutual of Omaha is practicing social distancing to help protect the health and safety of our associates and ensure uninterrupted service to our customers and you. We encourage you to also do your part to slow the spread of the coronavirus. You’re likely rethinking how you can keep yourself and others safe in a business that’s built on relationships with people and, most often, face-to-face interactions. Mutual of Omaha is offering suggestions on how to continue your business in today’s environment while keeping both you and your clients safe and healthy.
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COVID-19, Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
Coronavirus, COVID-19, critical illness, disability, disability income, insurance, life, Life Insurance, Long-Term Care, long-term care insurance, LTC, LTCi, Medicare Supplement, Medigap, mutual of omaha, omaha, and United of Omaha.
Coronavirus, COVID-19, critical illness, disability, disability income, insurance, life, Life Insurance, Long-Term Care, long-term care insurance, LTC, LTCi, Medicare Supplement, Medigap, mutual of omaha, omaha, and United of Omaha.
Anti-Money Laundering (AML) Refresher Training
As REQUIRED by federal regulation, all producers writing permanent life or annuity products must complete the Anti-Money Laundering (AML) training. Each producer that completed AML training prior to January 1, 2020 is required to complete AML renewal training by June 30, 2020. The renewal course is titled “Money Laundering and Cybercrime – Anti-Money Laundering for Insurance Review” will automatically be assigned by LIMRA and takes approximately 30 minutes to complete. Mutual of Omaha has contracted LIMRA to provide anti-money laundering training at no cost to you. Once you’ve completed the course, LIMRA will automatically send Mutual of Omaha a notification.
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