Long-Term Care Insurance Product Updates

Long-Term Care Insurance Product Updates Effective June 3, 2024, the Maximum Monthly Benefit will increase from $10,000 to $15,000 on our MutualCare Solutions long-term care products! This will allow clients to access additional benefits if needed and provide a greater sense of security if a long-term care event occurs. Monthly benefit amounts range from $1,500 to $15,000 per month with this new increase*. The total Maximum Monthly Benefit, including long-term care coverage from other companies, will also increase to $15,000. With this change we will be removing the 60-month benefit multiplier on our Secure product. The $500,000 policy limit cap
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Categories: Accident Insurance, Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Important Password Reminder

Attention Agents: Recently, we’ve noticed a surge in brute-force cyber attacks across the insurance industry, where hackers attempt to gain access using repeated login attempts with various passwords. According to recent reports from Cyber News, in the first quarter of 2024, over 26 billion records were breached and combined in an easy-to-use directory for attackers. While we haven’t experienced any breaches, it’s crucial for everyone to remain vigilant. Please ensure that your GTL e-App password is unique and avoid using it elsewhere. Remember, using different passwords for different websites adds an extra layer of security.   Login to GTL Agent
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Categories: Accident Insurance, Critical Illness, Guarantee Trust Life, Hospital Indemnity Plan, Industry News, Life Insurance, Medicare Supp./Adv., and Short-Term Care.

AM Best Affirms Mutual of Omaha’s Financial Rating

AM Best Affirms Mutual of Omaha’s Financial Rating AM Best performed their annual rating committee review on Mutual of Omaha and affirmed our financial strength rating of A+ (Superior) with a stable ratings outlook. The ratings reflect Mutual of Omaha’s balance sheet strength, which A.M. Best categorizes as very strong, as well as our strong operating performance, favorable business profile and appropriate enterprise risk management. Mutual of Omaha’s favorable business profile is anchored by its diversification of products and our multiple distribution channels leading to our capitalization level being very strong and considered favorable relative to our peers. For more
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Categories: Accident Insurance, Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Mutual of Omaha Celebrating 115 Years

March 05, 2024 Today marks Mutual of Omaha’s 115th anniversary. On this day in 1909, Dr. C.C. Criss acquired the charter of Mutual Benefit Health and Accident Association, along with his wife, Mabel, and his brother, Neil. The Criss family had a vision to offer affordable, simplified insurance policies that helped protect policyholders from financial loss. They reached new customers who had previously been underserved by the insurance industry. And they backed their policies with superior customer service. Those same founding ideals remain hallmarks of our noble purpose today. The Criss family’s legacy has been carried on by tens of
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Categories: Accident Insurance, Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

New Jersey: Critical Advantage Changes

Effective Thursday, February 1st, Critical Illness (CP4) and Heart Attack/Stroke (CP2) policy sales will be discontinued in the state of New Jersey. Cancer Insurance will still be available as part of the Critical Advantage portfolio. Transition Rules Any Critical Illness or Heart Attack/Stroke applications in New Jersey must be signed by the customer and received in the home office by January 24, 2024. Any applications signed or received after January 24, will not be accepted. We will not make any exceptions to these dates. Applications for Critical Illness or Heart Attack/Stroke in NJ must be signed on or before and
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).

Reminder: Critical Advantage Sales in New Mexico to be Discontinued

Reminder, effective Monday, January 1, 2024, the sale of the Critical Advantage portfolio will be discontinued in the state of New Mexico. Effective Date January 1, 2024 Impacted States New Mexico Transition Rules Critical Advantage applications in New Mexico must be signed by the customer and received in the home office by December 22, 2023. Any applications signed or received after December 22, 2023 (regardless of date received) will not be accepted. We will not make any exceptions to these dates. Applications for Critical Advantage in NM must be signed on or before and received in the home office by
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).

GTL’s End of the Year Insider

Short on time? Podcasts under 10 minutes! Earlier this year we introduced a mini podcast series designed specifically for busy agents like you! Tune in to GTL’s Quick Cast episodes for 5-10 minutes of training, sales tips, product information, interviews and more. Access all episodes from the e-App or Agent Portal home screen. TUNE IN TO GTL QUICKCAST HERE     New Mexico Product Updates: The New Mexico Department of Insurance has made significant changes to the minimum standards for supplemental health insurance products which will take effect on January 1, 2024. Until further notice, we are unable to accept
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Categories: Critical Illness, Guarantee Trust Life, Hospital Indemnity Plan, Industry News, and Short-Term Care.

Updates to the Book of Business Tool

The Book of Business download has been enhanced, on Sales Professional Access (SPA) to include a complete list of the inforce Mutual of Omaha policies you have sold now including Prescription Drug Plans and Mutual Income Solutions, effective December 13, 2023. This enhancement will make it even easier to figure out what types of policies your clients may have and prepare to answer any questions. To learn more about the Book of Business feature, review the Book of Business Instructional Flyer.   Updates to the Book of Business Tool   #goldencareagent #mutualofomaha
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Categories: Accident Insurance, Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Earn extra cash for the holidays by selling GTL!

For each Advantage Plus®, Advantage Plus® Elite, Indemnity Plus® Elite, Precision Care™ Cancer Insurance, Recover Cash®, GTL Life Select, Home Care Secure, and/or Short-Term Home Health Care applications submitted between Oct 1, 2023, and Dec 31, 2023.*   View PDF for Bonus Details       Submit 5-10 Applications During Q4 $50 per application Submit 11-25 Applications During Q4 $75 per application Submit 26+ Applications During Q4 $100 per application   View PDF for Bonus Details   Contact GTL’s Sales Support with any questions at (800) 323-6907, or email agency@gtlic.com. * Please view the Bonus PDF for full details and
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Categories: Critical Illness, Guarantee Trust Life, Hospital Indemnity Plan, Industry News, Life Insurance, and Short-Term Care.

Thanksgiving Holiday Office Closing and 2023 End of Year Pay Dates

Mutual of Omaha and its affiliates (United of Omaha and United World) will be closed on Thursday and Friday, November 23rd and 24th for the Thanksgiving holiday. Below are the cut-off dates and times and the adjusted pay schedules. Holiday Pay Calculation Schedule Med Supp E-App & All Life Cutoff 3:00 PM Health Cutoff 3:00 PM Long Term Care Cutoff 3:00 PM Direct Deposit (EFT) Available The 23rd & 24th of November, Thursday and Friday 11/23/2023-11/24/2023 Monday 11/20/2023 Monday 11/20/2023 Friday 11/17/2023 Friday 11/17/2023 Friday 11/24/2023   Weekly and holiday pay schedules are also available on the Sales Professional Access
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Categories: Accident Insurance, Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).