When it comes to indexed universal life (IUL) products, it seems like all products use the same general design. It can be tempting to choose a product based on which illustrates best. However, when you look closer at each product illustration, you’ll start to notice some important differences you and your clients should be aware of. These differences are in the product’s charge structure and in the value-added features the products come with. In our newly updated Cost Comparison flyer, you will uncover: How our cumulative charges compare to our competitors This shows how much of the premium goes towards
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Priority Income Protection Discontinuation
Mutual of Omaha is committed to providing insurance solutions to help your clients protect their income and future. On October 15, 2020 we launched our new Disability Income product – Mutual Income Solutions. This product features expanded occupation classes, competitive product features and benefits and an all-electronic process allowing you to provide a valuable Disability Income solution to your clients. At this time, we will be discontinuing the Priority Income Protection (PIP) product. See below for more information. Effective Date March 1, 2021 Impacted States All States Transition Rules Priority Income Protection applications must be signed on or before February
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REMINDER: Rate Refresh Partner Allowance Guidelines
Mutual of Omaha is allowing a 6-month period for policyholders to receive the “Partner – Both Issued” allowance when partners are issued policies with two different rates (one issued pre rate refresh, one issued post rate refresh). The rule will only apply if the second partner’s policy is issued within 6 months of the rate refresh effective date. Below are scenarios based on a state with a rate refresh implementation date of September 1, 2020 and a six-month deadline of March 1, 2021. Partner A is issued a policy with old rates. The 15% “Partner – One Issued” allowance applies
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Medicare Solutions – Omaha Family of Companies
Medicare Supplement: 2021 March Rate Release Effective March 1, 2021, Illinois, Iowa, South Dakota, and West Virginia will be releasing new rates. 2021 Brokerage Health Webinar Series Reminder Find out how Mutual of Omaha can partner with you to manage and grow your book of business, with this month’s webinar “Service You Can Count On”. New Medicare Supplement Plans in Arizona Offer your clients in Arizona new competitive Medicare supplement rates underwritten by Mutual of Omaha. Prescription Drug Plans: New IVR Options for PDP Members There are new options available for PDP members, when they call into
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Dental, Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
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United of Omaha Products are Now Available on InsMark
United of Omaha’s Indexed Universal Life products are now available to bridge into the InsMark Illustration Software. InsMark is a third-party software designed to help create sales concepts that show the long-term benefits of purchasing permanent life insurance. If you are a current InsMark subscriber, you will see the InsMark bridge icon (shown at the right) when you run our indexed universal life insurance products in WinFlex Web. This bridge will take the data from our IUL illustrations and use it within the InsMark sales concept reports. Some examples of the available reports include: Permanent Insurance vs. Term Insurance Other
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Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
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COVID tax questions
The Consolidated Appropriations Act (“CAA”) provided coronavirus relief as well as other tax related extensions that will affect your clients. Here are some highlights that relate to individuals. Stimulus checks are back. The amount is $600 per taxpayer and $1,200 for married persons filing jointly along with $600 for each qualifying child. Income limits vary upon marital status. Teachers and instructors who teach grades K-12 are allowed a $250/$500 (Single/MFJ) above the line deduction to allow for the purchase of personal protection equipment and disinfectant. The above the line deduction for $300 of charitable gifts is extended into 2021. There
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A message from our new National Sales Director
A message from our new National Sales Director As you may have heard, we have a new National Sales Director, Corri Campbell. An insurance professional of 24 years, Corri brings enthusiasm, experience across multiple distribution channels and a passion for helping marketers like you build their business. Check out her note to learn more. Let’s work together A message from our new National Sales Director #goldencareagent #mutualofomaha
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Jump on the Express
Our Express life insurance products offer simplified underwriting and application processes, which means policies are issued faster and you get paid quicker. Plus, you can easily track your cases online anytime using our Sales Professional Access website. Learn the basics of our simplified issue product portfolio with this flyer. Want to learn even more? Check out mutualofomaha.com/simple. If you have questions, please contact your Sales Director or Account Executive. Jump on the Express #goldencareagent #mutualofomaha
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A New LTC Producer Uses Underwriting Tools to His Advantage
Don is a new long-term care insurance agent based in St. Louis. As he learns the industry and product, Don has found it useful to carry the MutualCare® Solutions Underwriting Guide as an aid while screening clients. Recently, Don was working with a 65-year-old male applying for the Custom Solution. Having already familiarized himself with the build chart before the meeting, Don knew to quote no better than Class 1 based on the client’s height and weight. However, during the prescreen Don learned of a pre-diabetes diagnosis. Unsure how to proceed, Don consulted the Underwriting Guide. Under “Diabetes” the guide
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Understanding Elimination Periods
It’s important for clients to understand long-term care insurance and how it can be tailored to meet a client’s specific needs. Talking about elimination periods is part of this process. Download our Sales Idea to learn more! Understanding Elimination Periods #goldencareagent #mutualofomaha
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