Important Information Regarding LTC Underwriting and New Business

From the Desk of Marty Johnson LTC Underwriting and New Business have received several inquiries for processing alternatives in light of the current situation. The e-Application located on Sales Professional Access remains the best means to submit an application and reduce amendments; however, this email provides information on the following topics: NEW: Email submission of applications and requirements NEW: LTC Policy output options Accepted ways of accepting electronic signatures for new business processing The status of our new business vendors NOTE: This information pertains exclusively to the long-term care product portfolio.   Email Submission of LTC Applications Starting on March
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Categories: Critical Illness, Disability Income Insurance, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Important Information Regarding the Underwriting of Pending Applications

From the Desk of Marty Johnson As COVID-19 cases increase within the United States and around the world, Mutual of Omaha is issuing the following underwriting guidance on new and pending applications for life and health products (Accidental Death, Long-Term Care, Disability Income, Critical Illness, Cancer, and Heart Attack & Stroke), effective immediately: If the proposed insured or any member of his or her household has traveled or resided outside of the United States within the past 30 days, the application will be postponed until 30 days following their return. If the proposed insured or any member of his or
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Categories: Critical Illness, Disability Income Insurance, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

COVID-19 Notice for NM Residents Applying for an LTC Rider

Due to the recent spread of COVID-19, effective immediately, New Mexico is requiring an additional notice if the Long-Term Care Rider is sold with an IUL policy. The attached notice must be included and left with the client. Our Long-Term Care Rider application kits have been updated to include the new notice. If you have any New Mexico Long-Term Care Rider application packets already printed, please also include this notice. This notification impacts New Mexico only, no other states. Current policyholders in New Mexico who have an IUL policy with a Long-Term Care Rider will also be sent this notification.
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Holiday Telephone Solicitation Bans for the Month of April 2020

In addition to the state of New York*, that currently prohibits unsolicited telemarketing sales calls during a State of Emergency, please be aware of the following US holiday telephone solicitation bans for the month of April: On Friday, April 10, 2020: Louisiana and Pennsylvania prohibit unsolicited marketing calls to residents in observance of Good Friday On Sunday, April 12, 2020: Louisiana prohibits unsolicited marketing calls to residents in observance of Easter; however, state law already prohibits telephone solicitations on Sundays On Monday, April 27, 2020: Alabama and Mississippi prohibit unsolicited marketing calls to residents in observance of Confederate Memorial Day
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Categories: Industry News and Mutual of Omaha (& Affiliates).

Mutual of Omaha is Open for Business – Coronavirus Update

As you are likely aware, Mutual of Omaha’s physical location is temporarily closed. We are practicing social distancing and have asked all associates who are able, to work from home. We appreciate your patience and understanding as we take steps to protect the health and safety of our associates and ensure uninterrupted service to our customers. Please know that we are open for business in a remote capacity. Our processes and procedures are functioning and we should not experience an interruption in business for either our customers or business partners. We are able to accept and process insurance applications just
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Categories: Industry News and Mutual of Omaha (& Affiliates).

Updates to Term Life Answers Conversion Language

Effective April 1, 2020, we will be updating the conversion language for our Term Life Answers policies. Conversion Period The conversion period allowed will be as follows: 10-year Term: – For issue ages 18-72: The earlier of 10 years or age 75 – For issue ages 73+: During the first 2 policy years only 15-year Term: – The earlier of 15 years or age 75 20-year Term: – The earlier of 20 years or age 75 30-year Term: – During the first 20 policy years only   Conversion Product Beginning April 1, 2020, the language in the Term Life Answers
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Get Business Submitted Fast and Easy with the Critical Advantage e-App

The Critical Advantage e-App is the best way to submit your applications for Critical Illness, Cancer and Heart Attack and Stroke. Here are a few reasons why. Allows you to quote a premium and complete an application at the same time You’re always using correct forms and your applications are completed in good order Provides a paperless “green” experience Simple e-signature process Auto-save functionality A dashboard shows all applications in process Take a look at the Critical Advantage Quick Start Guide here for detailed instructions on using the e-App..   If you have questions, please contact your Mutual of Omaha
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).

Our LTCi e-App is so Convenient You May Never Go Back to Paper

Using the LTC e-App not only ensures everything is completed in its entirety before you hit “submit,” but also helps you keep submitting business without meeting face-to-face. When you start using the e-App, you’ll discover there’s a lot to like. Visual cues indicate your progress and prompt you for missing information. There’s a simple e-signature process. And an auto-save function means your information is never lost. Get started now and download our LTC e-App Quick Start Guide here   If you have questions, please contact your Account Executive or Sales Director.   Our LTCi e-App is so Convenient You May
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

We’re Open for Business – You Can Be Too

Our e-Application and email signature method give you the ability to complete applications for your clients, without having to meet face to face. Below you can find all the information you need to get started with an e-App today. New to using the e-App? Make sure you watch our training videos. They walk you through completing an e-App step by step. Products Available on e-App Term Life Answers and Fully-Underwritten IUL – See the Speed eTicket Flyer for details (For IUL, submit your application as if you were submitting a Term Life Answers drop-ticket application. In the Special Requests section
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

The Risk is Real

While most people don’t think twice about purchasing auto, homeowners’ or even life insurance, they often fail to realize that their most valuable asset is their ability to earn an income. Suffering a disability for any length of time because of a sickness or injury could have devastating financial consequences for clients. Here are some insights into how real the risks are: At least 51 million working adults in the United States are without disability insurance other than the basic coverage available through Social Security. Only 48 percent of American adults indicate they have enough savings to cover three months
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).