Automated Underwriting Enhancements

Automated Underwriting for Living Promise e-Applications, our ‘instant decision’ tool, allows us to pull medical information automatically in the background while you complete the application with your client so you can receive an instant underwriting decision. In order to pull the medical information, a HIPAA signature is required. We know an additional signature screen isn’t always what your client or you wants to complete – even when it is required. So we wanted to make the process easier for you. Effective March 13, 2019, we streamlined the HIPPA authorization screens consolidating them for your clients. In addition, your clients are
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Holiday Telephone Solicitation Bans for the Month of April 2019

Please be aware of the holiday telephone solicitation bans for the month of April 2019. On Friday, April 19, 2019: Louisiana prohibits unsolicited marketing calls to residents in observance of Good Friday On Sunday, April 21, 2019: Louisiana prohibits unsolicited marketing calls to residents in observance of Easter On Monday, April 22, 2019: Alabama prohibits unsolicited marketing calls to residents in observance of Confederate Memorial Day On Monday, April 29, 2019: Mississippi prohibits unsolicited marketing calls to residents in Observance of Confederate Memorial Day Holiday Telephone Solicitation Bans for the Month of April 2019   #goldencareagent #mutualofomaha
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Categories: Industry News and Mutual of Omaha (& Affiliates).

New Long-term Care Product and Underwriting Guides

Did you know our newly redesigned LTC marketing materials include new Product and Underwriting Guides? No longer one combined, the new LTC Product and Underwriting Guides are split into smaller sized, standalone booklets so you can take them with you while in the field.   Order your new copies today! Please discontinue use of old materials as soon as possible. You can order new materials via normal ordering channels..   New Long-term Care Product and Underwriting Guides   #goldencareagent #mutualofomaha
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Updated Critical Advantage Application Now Approved in Another State

We announced the first states to approve the updated Critical Advantage application in July, 2018. Now, the new and improved application will be available in California starting April 1, 2019. Here are the enhancements made to the application: Cancer application Changed the cancer look-back question from lifetime to 10 years Modified look back testing question from 5 to 3 years Only 3 health questions Heart attack and stroke application Changed the heart attack and stroke look back question from lifetime to 10 years Modified look back treatment/testing question from 5 to 3 years Loosened diabetes question Removed high blood pressure
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).

Update on the Critical Advantage Rate Decrease for New Applications – AK, CA, IN and MA

Great news! Alaska, California, Indiana, and Massachusetts can offer the products in the Critical Advantage portfolio with a 20% rate cut starting April 1, 2019. Your clients will get the same great coverage for less money, which could mean more sales for you. Check out how much they can save below: Age New Monthly Rate Previous Monthly Rate Monthly Savings Yearly Savings 35 $18.25 $22.81 $4.56 $54.72 45 $30.48 $38.09 $7.61 $91.32 55 $47.75 $59.69 $11.94 $143.28 65 $69.35 $86.69 $17.34 $208.08   This example is a Cancer policy with a $30,000 benefit amount and lifetime coverage. Check out this
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).

The New LTC Rider is Now Approved in New Jersey

On March 15, agents selling in New Jersey will now have an additional option to help meet clients’ long-term care planning needs. The new Long-Term Care Rider will be available for you on our Income Advantage and Life Protection Advantage Indexed Universal Life (IUL) insurance policies. The LTC Rider provides: Benefits for Nursing Home, Assisted Living, Home Health Care and Adult Day Care Maximum total benefits up to 100% of the initial specified death benefit 1%, 2% or 4% monthly acceleration percentages One-time, 90 calendar-day elimination period Automatic issue of the Chronic Illness Rider if the client doesn’t qualify for
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Learn What Makes Our IUL Products Unique

When it comes to indexed universal life insurance products, there are many different designs. Our IUL Portfolio Overview flyer provides information on what makes our Income Advantage and Life Protection Advantage IUL products unique in the industry. It highlights our: Simple product design Straightforward crediting strategies Competitive participation rates and caps Our index loan option, which comes with a cap Our Guaranteed Refund Option rider, included with qualifying policies at no additional cost Our living benefit riders, including our LTC, Chronic and Terminal Illness Riders To learn even more about our IUL products, visit www.discoverIUL.com.   Learn What Makes Our
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Automated Underwriting Update (Tips)

This week’s tip is to make sure not to move too quickly through the client information screens for Living Promise e-Applications. Take your time and make sure you are entering all of your client’s personal information correctly. This includes name, address, date of birth and Social Security Number. When your client’s data is entered completely and correctly the tool can run the most efficiently and provide you with the best underwriting decision.   If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com.   Automated Underwriting Update   #goldencareagent #mutualofomaha
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Critical Advantage Rate Decrease for Existing Policyholders – OH

Another state has approved the Critical Advantage rate decrease of 20% for current policyholders. Effective May 1, 2019, the rates for existing policyholders in Ohio will be reduced by 20%. Your current customers in Ohio will not have to do anything to get the new rates. Their premiums will be at the new 20% rate cut automatically starting on 05/01/2019. Here is what your clients can expect with the lower rates. Age Current Monthly Rate New Monthly Rates Monthly Savings Yearly Savings 35 $22.81 $18.25 $4.56 $54.72 45 $38.09 $30.48 $7.61 $91.32 55 $59.69 $47.75 $11.94 $143.28 65 $86.69 $69.35
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).