Important Update | Next Round Of Omaha Pricing & Benefit Changes Effective 11/1

Important Update Phase 2 LTC New Business Rate Refresh and Benefit Changes On September 1, 2020, Mutual of Omaha implemented new business rate refresh and benefit option changes to the MutualCare® Solutions Portfolio in 32 states. Effective November 1, 2020, we will be implementing 5 additional states for the rate refresh and benefit changes. IMPACTED STATES: Kansas, Maryland, Massachusetts, Pennsylvania and Wisconsin. TRANSITION RULES – New paper and e-Applications for MutualCare Solutions will be required beginning November 1, 2020. The new application pack cover series will end in _1120. Please discontinue use of all old applications based on the transition
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Categories: GoldenCare News, Industry News, and Mutual of Omaha (& Affiliates).

Medicare Solutions – Omaha Family of Companies

Medicare Supplement: Upcoming Rate Adjustments View upcoming rate adjustments for AZ, IL, MO, MT, ND, NE, NM, VA, VT.   Brokerage Health Webinar Series: Meet the Home Office Underwriters Join underwriters Tim Lake and Bee Wagoner as they go over enhancements to our underwriting process, as well as tips to help you have a successful AEP.   New Med Supp Customer Resource: Mutual Cares Staying connected is so important, now, more than ever. Mutual of Omaha has created a new resource hub, Mutual Cares. This hub is full of valuable resources to help your clients live their best lives.  
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Categories: Dental, Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Important Life Underwriting Update

Throughout the pandemic, Mutual of Omaha has been continuously evaluating our underwriting and new business practices to support business continuity, deliver a high level of service and maintain our financial strength. As a result, we will be expanding the cases we will accept beginning Thursday, October 1, 2020. The following guidelines will apply to all fully-underwritten life insurance cases. This includes any newly submitted and pending in-house cases, whether formal or informal. Please note, the guidelines below are temporary. International Travel Guidelines All All fully-underwritten life insurance cases where the proposed insured plans to travel or has traveled internationally to
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Categories: COVID-19, Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Suze Orman Believes in LTCi

Suze Orman Believes in Long-Term Care Insurance Suze Orman, the famous personal finance expert, has been a long-term care insurance believer for years, and recommends clients start their research on LTCi once they turn 50. Read Suze’s recent Money Monday LinkedIn articles to learn more about what she thinks, including how to justify premium adjustments.   If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com.   Suze Orman Believes in LTCi   #goldencareagent #mutualofomaha #longtermcare
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Phase 2 LTC New Business Rate Refresh and Benefit Changes

On September 1, 2020, Mutual of Omaha implemented new business rate refresh and benefit option changes to the MutualCare® Solutions Portfolio in 32 states. Effective November 1, 2020, we will be implementing 5 additional states for the rate refresh and benefit changes. The details are outlined below: Impacted States Kansas, Maryland, Massachusetts, Pennsylvania and Wisconsin. Transition Rules New paper and e-Applications for MutualCare Solutions will be required beginning November 1, 2020. The new application pack cover series will end in _1120. Please discontinue use of all old applications based on the transition rules below. The following transition rules will apply:
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Lumico looks forward to supporting you during AEP!

Annual Enrollment Period (AEP) has kicked off! Yesterday marked the start of the Annual Enrollment Period (AEP). We wish you good luck and much success. We have created a Top 5 Frequently Asked Questions guide for your reference for the new Lumico e-Application. It includes short step-by-step instructions to help you successfully navigate the following areas: eSignature process Review screen/missing information (yellow triangles) Uploading additional documentation How to make a change on the application Printing completed applications You can find the helpful guide here: Med supp e-App Top 5 FAQs   If you have any additional questions, we are here
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Categories: Industry News, Lumico, and Medicare Supp./Adv..

Good News | Be The Super Hero With Clients While Earning Maximum Rewards

Promotions To Help You Boost Production For Q4 2020 Through December 31st, we’re encouraging agents to punch their production in gear with exciting incentives surrounding our Perfect Portfolio products! Not only are we offering bonuses for issued Mutual of Omaha LTCi applicants, we’re also MATCHING Cash Bonuses from both the Guarantee Trust Life (GTL) and True Freedom incentives! Click below for full details about these promotions:   GoldenCare’s Perfect Portfolio Sales Incentives   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 our News Digest for
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Categories: GoldenCare News, Guarantee Trust Life, Industry News, Mutual of Omaha (& Affiliates), and True Freedom.

You’re Invited | We’ve Cracked the Code: Keeping LTCi Affordable

We’ve Cracked the Code: Keeping LTCi Affordable After analyzing Mutual of Omaha’s newly-refreshed LTCi premiums, we have identified the most-affected options and developed strategies to minimize the impact to your clients. Join Jeff Clark has he reviews Omaha’s refreshed rates and explains the cost-saving strategies you can begin utilizing today! Premium examples will be included, and all attendees will receive PDF copies of the presentation slides.   Thurs, Oct 22, 2020 2:00 PM  to  2:30 PM CDT     Questions or help registering? Call the GoldenCare Marketing Team at 800-842-7799! Don’t forget to subscribe to our News Digest for all
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Categories: GoldenCare News, Industry News, and Mutual of Omaha (& Affiliates).

“Medicare Advantage Plans May Have More Search Buzz”

“Medicare Advantage Plans May Have More Search Buzz,” by Allison Bell,ThinkAdvisor Quote: “Google says the Medicare plan sales season that starts today could be pretty good. Medicare Advantage plan sales could be somewhat stronger than they were last year, and all of the fuss about the Medicare plan annual election period could also pull Medicare supplement (Medigap) insurance sales out of their COVID-19 pandemic funk. We used Google’s Google Trend tool to compare search activity for the terms ‘Medicare Advantage’ and ‘Medicare supplement.’”   LTC Comment:   Seems like one silver lining on the dark pandemic cloud ought to be more
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Categories: Clippings and Industry News.

“Long-Term Care Insurance Benefits Cut Panel Drafts Principles”

“Long-Term Care Insurance Benefits Cut Panel Drafts Principles,” by Allison Bell, ThinkAdvisor Quote: “The LTCI Reduced Benefit Options Subgroup is an arm of the Long-Term Care Insurance Task Force, which, in turn, is part of the Executive Committee at the National Association of Insurance Commissioners (NAIC). …The reduced benefit options principles draft includes an introduction that states 17 state insurance departments are involved with shaping the rules for LTCI reduced benefit options. The five main sections relate to: Fairness for the policyholders that choose the reduced benefit options. Fairness for the policyholders who choose rate increases. Clarity of communications with policyholders
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Categories: Clippings and Industry News.