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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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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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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Critical Advantage℠ Has Coverage for the Whole Family
Almost everyone knows someone who has had one of the covered conditions in the Critical Advantage portfolio. Unfortunately, many of those people may be family members. All the products in the Critical Advantage portfolio offer individual, individual plus children and family coverage. Family coverage includes your client’s partner and all dependents who are under age 26. Either partner can be the primary insured on a family policy, but the premium is based on the oldest insured. Children are eligible for a maximum amount of coverage of $50,000 each and the premium is the same regardless of the number of children
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New Extended Client Phone Interview Hours
At Mutual of Omaha, we always want to make it easy to do business with us. That’s why thanks to the success of Automated Underwriting for Living Promise e-Applications, we were able to reallocate resources and extend our underwriting client phone interview operating hours. The Client Interview team supports health history interviews for Life Express, Fully Underwritten Life, Priority Income Protection, Critical Advantage, and Fully Underwritten Disability Income products. (This team does not support the DI Tele-App process). Effective Monday, March 4, 2019 our client interview team, (800) 775-3000, will be open 1-hour longer Monday-Thursday and be open on Saturdays.
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Mobile Quotes Update
On March 1, 2019, we will be enhancing the look of Quotes for Sales Professionals, our mobile quoting tool. You can expect the same easy-to-use app, but with a fresh new look. The first time you open the app after the install on March 1, a message will pop up notifying you that a new update is available. The updated mobile app will only be compatible with the following operating systems: iPhone® – 10.0 and higher Android™ – 5.0 and higher Don’t have the new app? The Quotes for Sales Professionals mobile app is free and available on the Apple
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GTL’s Precision Care Now on the e-App in 7 More States!
Now available in Colorado, Connecticut, Maryland, Missouri, North Dakota, Ohio and Utah! Available on Paper, Portal and e-App! Please update your GTL e-App now to see these states. UPDATE FOR APPLE UPDATE FOR ANDROID Covering the High Cost of Cancer is Good… Beating Cancer is Better. Guarantee Trust Life Insurance Company (GTL) has partnered with The Translational Genomics Research Institute (TGen), a nonprofit pioneer in genome sequencing and precision cancer treatment, to design a new and groundbreaking cancer insurance product. GTL’s Precision CareTM helps policyholders afford and have access to TGen’s world-class cancer physicians and genomic sequencing services for
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Expansion of Underwriting Client Interview Hours
We are happy to announce that effective Monday, March 4th, we are expanding our client interview hours. We are staying open an hour later during the week and adding Saturday hours! The Client Interview team supports health history interviews for the Life Express, Fully Underwritten Life, Priority Income Protection, Critical Advantage, and Fully Underwritten Disability Income products. (This team does not support the DI Tele-App process). Current operating times — Central time: Monday – Thursday: 8 a.m. – 7 p.m. Friday: 8 a.m. – 5 p.m. New operating times — Central time: Monday – Thursday: 8 a.m. – 8
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Walk Through the Stages of Life with Critical Advantage℠
No matter what stage of life your clients are in, the products in the Critical Advantage portfolio are a perfect fit. Whether you’re working with young couples, retirees or business owners, we have a supplemental health policy that’s right for them. Check out this handy flyer that will help you move clients from prospect to policyholder in no time. If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or e-email sales.support@mutualofomaha.com. Walk Through the Stages of Life with Critical Advantage #goldencareagent #mutualofomaha
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Disaster Relief Notification Update: Federal Government Shutdown
Although the shutdown has ended, Mutual of Omaha is committed to working with your customers as they resolve any outstanding financial issues. Grace periods for affected customers are being extended until April 25, 2019. Delaware Only: A customer who is a resident of Delaware and was affected by the shutdown can contact us to place a hold on their policy, up to 90 days from the end of the shutdown on January 25, 2019. If you have any questions regarding this or any other Mutual of Omaha service, please reach out to our customer service team at 800-775-6000.
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