Life insurance grace period extension update

Life insurance grace period extension update Amidst current events surrounding the Covid-19 pandemic, Securian Financial’s Individual Life Insurance Division established a grace period extension for individual life insurance policies. Policies that were set to lapse had their grace period extended as a courtesy to our policyholders and to comply with any state mandated leniency requirements. Beginning mid-June 2020, notices will be sent to policyholders: Payment Notices: For those policies with no state guidelines, or state guidelines with specific end dates, payment notices will be sent that acknowledge the grace period has come to an end, the payment amount due, and
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Categories: COVID-19, Industry News, Life Insurance, and Securian.

New Mexico requires “Coverage Options Flyer” | Updated Marketing Materials

New Mexico requires “Coverage Options Flyer” The state of New Mexico recently adopted a requirement for agents to provide the “Coverage Options Flyer” to all New Mexico applicants at time of application. The Coverage Options Flyer is available on the EssentialLTC Agent Resource Center under the New Mexico application documents. This can be accessed by selecting the “New Business” tab, then selecting the state of New Mexico from the “State-Specific Applications and Forms” drop down. You can alsoclick here to download the flyer. Updated marketing materials The Executive Carve Out flyer details benefits and advantages to implementing an executive carve
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Categories: Industry News, Long-Term Care, and National Guardian Life.

There for You: Presenting the OneAmerica® 2019 Annual Report

Connect with Customers by Telling Our Story We’ve faced some big challenges this year, and we can be proud of the ways in which we’ve risen to meet them together. That commitment to being there for our customers is foundational to how we do business.   Sharing Our Story Sharing our story with customers is a wonderful way to show them how we fulfill our promises. The OneAmerica® 2019 Annual Report is filled with examples of how people like you fulfilled our promise. We hope you’ll see yourself reflected in these stories, and that your customers will too. VIEW THE
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

Underwriting update: A new normal

Underwriting update: A new normal In March, we announced several temporary changes to our underwriting processes that offered flexibility while the COVID-19 environment unfolded around us. Since then, we’ve stayed in close contact with our vendors and underwriters, and we’ve seen better than expected results for the completion of in-person underwriting requirements. Our key vendors have indicated that in nearly all locations, they’re able to complete exams and provide timely data back to insurers. This is consistent with the experience we’ve seen on our business.   “New normal” for Underwriting As things begin to return to a more normal state
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Categories: COVID-19, Industry News, Linked Benefit/Hybrids, and OneAmerica.

REMINDER: 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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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

IUL Express and GUL Express – Now Available on e-App!

We are excited to announce IUL Express and GUL Express are now available on the iPipeline e-Application. Not only will you be able to submit your applications electronically, but both products will feature Automated Underwriting, Mutual of Omaha’s point-of-sale instant decision process. We created the producer training videos below to walk you through the different processes for both IUL Express and GUL Express. Training Videos IUL Express Email Signature Method IUL Express In Person Signature Method GUL Express Email Signature Method GUL Express In Person Signature Method Preferred Browsers Please make sure you are using the current version of one
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

The Risk is Real

While most people don’t think twice about purchasing auto, homeowners’ or even life insurance, they often fail to realize that their most valuable asset is their ability to earn an income. Suffering a disability for any length of time because of a sickness or injury could have devastating financial consequences for clients. Here are some insights into how real the risks are: At least 51 million working adults in the United States are without disability insurance other than the basic coverage available through Social Security. Only 48 percent of American adults indicate they have enough savings to cover three months
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

Administrative alert! Product updates to SecureCare Universal Life

Administrative alert! Product updates to SecureCare Universal Life Securian Financial is committed to building secure tomorrows by doing the right thing today. To deliver on this promise and in response to the historically low interest rate environment, Securian Financial will implement the following product updates to SecureCare in all Compact states1 and South Dakota on July 18, 2020. These updates will be implemented in other states as they are approved. Please note: these changes impact new business only, there are no changes to in-force policies. There is no change to the product structure, contract language, forms, compensation or types of
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Categories: Industry News, Life Insurance, and Securian.

Good News | Take A Look! We’ve Improved Our Agent Website Training Pages

  Refreshed, Modern Look To Our Website’s Training Pages We have heard your feedback and are pleased to announce enhancements to the training pages on our goldencareagent.com website! We’ve launched a new layout to improve functionality and ease of use, while incorporating an updated, modern design. We hope these changes allow you to more easily find and take advantage of our various training resources. Visit the site using the links below and let us know what you think! Upcoming Live Webinar Training Presentations Pre-Recorded Training Library Have a webinar topic you’d like covered? Send us your suggestions!   Join a
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Categories: GoldenCare News, Industry News, and Long-Term Care.

You’re Invited – Exclusive Training on GTL’s Heritage Plan

Help Protect Your Client’s Loved Ones Does your client have a plan in place to help pay for their final expenses? Who will pay medical bills, unpaid credit card balances or funeral/burial expenses? Reserve Your Seat Now – Space Is Limited Click below to register: Tues, June 23, 2020 10:00 AM  to  10:45 AM CDT Attend for exclusive Heritage Plan product training with special guest, Greg Esposito from Guarantee Trust Life. Heritage Plan requires no medical exam, and utilizes a simple application. Whole life insurance accumulates cash value, plus premiums never increase! GTL’s Heritage Plan is available in all states
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Categories: GoldenCare News, Guarantee Trust Life, Industry News, and Long-Term Care.