“COVID-19 and Long-Term Care: LTCI Insider,” by Margie Barrie, ThinkAdvisor Quote: “I just completed a white paper that addresses the impact of COVID-19 on the long-term care continuum. To obtain this information, I surveyed numerous top people in the long-term care industry — people who have insider information. This article is an overview of what they shared.” LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: This is the “white paper” I referenced and recommended in two agent webinars in early January. Strongly recommended. Well done, Margie.
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Long-Term Care Virtual Assessments
From the Desk of Allen Gregoire Throughout the pandemic, Mutual of Omaha has been evaluating our underwriting and new business practices in efforts to support business continuity, deliver a high level of service and maintain our financial strength. As a result, your LTC Underwriting team is temporarily completing virtual assessments for applicants age 65 and over with favorable medical records. Virtual assessment qualification parameters will be based on underwriter discretion. Minimum requirements for consideration: Applicants age 65 and over with favorable medical records. * Applicants with any blood pressure, build and mobility concerns will not qualify for a virtual assessment.
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Video Interview with Chief LTC Underwriter Carol Carville
Meet Carol Carol has worked in group medical, life, disability and now long-term care, so her perspective is unique and varied. In the video, she talks about common application mistakes and why the relationships she has with producers in the field is so important to her and our business. Don’t miss it! Video Interview with Chief LTC Underwriter Carol Carville #goldencareagent #mutualofomaha
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LTCi Application Tips
Painting a picture is the best way to ensure your cases are issued quicker When underwriting your LTCi cases, Mutual of Omaha looks at the total picture, including your client’s health, cognitive status and lifestyle. So, the better job you do painting a picture of your client’s situation, the faster the underwriting process will go. Mutual of Omaha knows your LTCi clients are more than a list of diagnoses. Even people with chronic health conditions can be viewed favorably as long as they’re physically and socially active and working with a physician to manage their health. But underwriting has to
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IUL Max Illustrated Rate Change
Effective February 1, 2021, the IUL maximum illustrated rates in WinFlex Web will increase as follows: Income Advantage IUL: 100% Participation Rate with 10% Cap: Increasing from 6.17% to 6.20% 140% Participation Rate with 7% Cap: Increasing from 4.74% to 4.77% 50% Participation Rate with No Cap: Increasing from 5.80% to 5.84% Life Protection Advantage IUL: 100% Participation Rate with 8.5% Cap: Increasing from 5.42% to 5.45% 140% Participation Rate with 6% Cap: Increasing from 4.11% to 4.14% 40% Participation Rate with No Cap: Increasing from 4.66% to 4.69% IUL Express: 100% Participation Rate with 9.25% Cap: Increasing from 5.80%
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