A Case Study: Accumulation, Protection or Both?

Income Advantage IUL can provide your clients with valuable life insurance protection. It also offers the opportunity to accumulate cash value* for future needs, such as supplementing the client’s retirement income. Teaming an Income Advantage policy up with a term life insurance policy may be an ideal solution for clients who want to plan ahead for retirement, but also have a larger temporary life insurance need. Learn more about how this works by looking at our Satisfy the Need for Accumulation and Protection flyer. It includes: A case study showing how this concept works A comparison of taking income immediately
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Contracting and Appointments – Service Level Update

At Mutual of Omaha, we remain committed to meeting the needs of our business partners, producers and customers. Recently, you may have noticed some delays in the processing of Contracts and Appointments. Several factors have impacted our services levels, including: Significant delays in receiving criminal records from counties in nearly all states which has impacted how long our background checks are taking to complete Our transition to a remote work environment which has required us to adjust our workflow management and has resulted in processing delays Higher than normal call volumes What We Are Doing: We are making several changes
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

LTC Age Restrictions Now Lifted in All States

LTC Age Restrictions Now Lifted in All States Mutual of Omaha will begin accepting LTC applications for clients age 65 and over in California, Oregon and Washington effective immediately, August 24, 2020. Reminder: Underwriters will initiate scheduling the face-to-face assessments for LTC applicants age 65 and over after medical records have been received, reviewed and considered favorable for insurability. This new process ensures we are only requesting face-to-face assessments on individuals who are indeed insurable, subject to the completed assessment. Restrictions are now lifted for all 50 states. For a complete list of effective dates, please view the Frequently Asked
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Categories: COVID-19, GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Good News | Enhanced Rx Claims Process On GTL’s Home Health Care Plan

  Enhancements To GTL Home Health Care Rx Claims Process GTL has made an even faster option to process your clients’ Short-Term Home Health Care Prescription Drug claims! GTL now utilizes artificial intelligence when processing prescription drug claims on the Home Health Care plan! The online Rx claim form was also updated to include helpful “Do’s” and “Don’t’s.” For additional details, click the link below: An Easier Way to Submit Short-Term Home Health Care Rx Claims   Click Here to add additional carriers & products to your appointments. Questions? Call our Marketing Team at 800-842-7799! Don’t forget to subscribe to
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Categories: GoldenCare News, Guarantee Trust Life, and Industry News.

You’re Invited! Sell True Freedom Home Care Plans Remotely with e-Enrollment

GoldenCare now offers True Freedom Home Care Plans as an LTC alternative! These are field-issue plans available in all 50 states! All True Freedom Home Care Plans feature: 1-Question Field Issue | No Medical Underwriting | Available Nationwide | No Age Limit | No Elimination Period | No ADL Requirements | No Claim Forms Nationwide Home Care Plans with No Medical Underwriting Register Now To Reserve Your Space! Click below to register: Wed, August 26, 2020 1:00 PM  to 1:30 PM CDT Need one more reason to add True Freedom to your portfolio? Check out this special limited-time incentive! Questions?
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Categories: GoldenCare News, Industry News, Long-Term Care, and True Freedom.

Important Announcement | Omaha LTCi Changes Taking Effect In 32 States 9/1

Important Update LTC New Business Rate Refresh and Benefit Changes Mutual of Omaha will be refreshing our rates and implementing benefit option changes to the MutualCare® Solutions Portfolio effective September 1, 2020. IMPACTED STATES: Alabama, Alaska, Arkansas, Colorado, Georgia, Idaho, Illinois, Iowa, Kentucky, Louisiana, Maine, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, and Wyoming RATE ADJUSTMENTS – Premium adjustments may vary by age, sex and benefit selection. You may view the new rates by referring to the quoting software beginning September
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Categories: GoldenCare News, Industry News, and Mutual of Omaha (& Affiliates).

“Nearly 75% of older Americans with dementia given drugs that don’t help them despite serious risks: Study’”

“Nearly 75% of older Americans with dementia given drugs that don’t help them despite serious risks: Study,” by Mihika Basu, MEAAW News Quote: “Close to three-quarters of older adults with dementia have filled prescriptions for medicines that act on their brain and nervous system, but are not designed for dementia, according to researchers. This is despite the special risks that such drugs carry for older adults, and the lack of evidence that they actually ease the dementia-related behavior problems that often prompt a doctor’s prescription in patients with Alzheimer’s disease and related disorders, they argue. Some of the drugs have
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Categories: Clippings, Industry News, and Long-Term Care.

“Nursing Home Families Yearn to Visit Loved Ones Again’”

“Nursing Home Families Yearn to Visit Loved Ones Again,” by Paula Span, New York Times Quote: “Almost by definition, long-term care residents have limited life spans; nursing home residents are particularly fragile. Do they so value safety over quality of life that they want to spend their last months or years separated from their loved ones? Has anyone asked them?”     LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Pandemics and freedom do not mix well.        
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Categories: Clippings, Industry News, and Long-Term Care.

An Easier Way to Submit Short-Term Home Health Care Rx Claims

GTL has made an even faster option to process your clients’ Short-Term Home Health Care Prescription Drug claims!   VIEW THE NEW CLAIM FORM     GTL’s Prescription Drug underwriting now uses the power of artificial intelligence to process claims even faster! To fully take advantage of this upgrade, we’ve updated the optional Prescription Drug claim form to include some “Do’s” and “Don’t’s” for your clients to follow when submitting a claim. This new, optional Prescription Drug claim form is available for your clients on GTLIC.com by selecting “File a Claim” and clicking “Standalone Prescription Drug Claim Form (Short-Term Home
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Categories: Guarantee Trust Life, Hospital Indemnity Plan, Industry News, and Short-Term Care.

LTC New Business Rate Refresh and Benefit Changes

As a leading long-term care insurance carrier, Mutual of Omaha has a responsibility to our policyholders and distribution partners to ensure our pricing strategy and product offerings are effective. We have been monitoring industry trends, internal claims data and the economic environment over the past several years. As a result, we are refreshing our rates and implementing benefit option changes to the MutualCare® Solutions Portfolio effective September 1, 2020. The details are outlined below: Impacted States Alabama, Alaska, Arkansas, Colorado, Georgia, Idaho, Illinois, Iowa, Kentucky, Louisiana, Maine, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Mexico, North Carolina, Ohio,
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).