“$2.7 billion settlement in CalPERS long-term care insurance lawsuit is canceled”

“$2.7 billion settlement in CalPERS long-term care insurance lawsuit is canceled,” by Wes Venteicher, Sacramento Bee    Quote: “An agreement in which CalPERS would have paid up to $2.7 billion to settle a lawsuit over the cost of its long-term care coverage has been scrapped, creating new uncertainty for tens of thousands of policyholders. … The settlement in the class-action lawsuit, reached last July, gave policyholders a choice: they could give up their plans and get a refund of all premiums they had paid — up to about $50,000 — or they could opt out of the settlement and keep
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Categories: Clippings and Industry News.

“Long-Term Care in the United States — Problems and Solutions”

“Long-Term Care in the United States — Problems and Solutions,” by Susan L. Mitchell, et al., New England Journal of Medicine   Quote: “The Covid-19 pandemic, with its devastating effects on nursing home residents and staff, has drawn renewed attention to problems in the U.S. system of long-term care. But the underlying issues are long-standing. In this Perspective Roundtable, moderator and geriatrician Susan Mitchell is joined by four experts in long-term care — Shawn Bloom, David Gifford, David Grabowski, and Jasmine Travers — in assessing the current system’s most pressing gaps and challenges and envisioning the most promising directions for the
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Categories: Clippings and Industry News.

Guaranteed Issue Expanding for Advantage Plus Elite

Since 2005, GTL has been the innovator in the hospital indemnity insurance market and now we’re continuing to make it even easier for you to sell. Advantage Plus Elite’s Guaranteed Issue ages are expanding to 64½ to age 68! This exciting new enhancement to our industry- leading product will be available in early June. Be sure to check your email in the upcoming days for more information.     #goldencareagent #gtl #hip #advantagepluselite
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Categories: Guarantee Trust Life, Hospital Indemnity Plan, and Industry News.

Announcing Price Decrease for our Asset Care Portfolio

Announcing Price Decrease for our Asset Care Portfolio JEFF LEVIN, VP, CARE SOLUTIONS Today, OneAmerica is announcing a price decrease on our Asset Care product portfolio nationwide, effective May 26, 2022. OneAmerica® was one of the first companies to increase prices on our asset-based LTC product back in 2019. While not popular, that decision made our product more resilient and created a solid future to serve our customers. Because of this approach, this product has remained a strong option in the asset-based long term care market and we are now one of the first companies to be able to offer
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

Inforce Long-Term Care Insurance Rate Adjustments Effective August 1, 2022

Mutual of Omaha actively monitors our inforce long-term care business, filing rate adjustments when necessary to ensure we keep our promises to policyholders and remain competitive in the marketplace. We will be implementing the following inforce rate adjustments effective August 1, 2022: Impacted Policy Forms Impacted States LTC04G Wisconsin LTC04I Illinois, Iowa, Wisconsin LTC04I7 Illinois, Iowa, Wisconsin LTC09M Illinois, Iowa, Wisconsin LTC06UI Colorado, Illinois, Iowa, Wisconsin LTC09U Illinois, Iowa, Wisconsin LT50, NH50, HCA, NHA & LTA Idaho, New Hampshire, Pennsylvania, Texas, Wisconsin HCAQ, NHAQ and LTAQ Pennsylvania, Texas, Wisconsin   For details on yearly rate adjustment percentages, view the supplemental
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Another New Sales Idea for DIAM

SALES IDEA: Creating a Cross-sell with Life Insurance If a client is only planning for when they’re no longer here, they’re leaving themselves and their family unprepared for the present. Life insurance is a large piece of a client’s income protection strategy – but it’s not the only piece. If your client were to become sick or injured and was unable to work, it’s likely their life insurance policy would provide little to no help in securing their financial stability. A disability income protection policy can work alongside life insurance to provide financial protection clients can use today. Learn more
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

New Way to Connect to Okta to Update Your Authentication Methods

Mutual of Omaha has modernized the way producers and marketers securely access our network and applications by implementing a new platform called Okta. Once you have successfully created an account in Okta, you can set up or update multi-factor authentication methods (MFA) through your Sales Professional Access (SPA) account. We have made it easier to update or add additional MFA methods by adding a link directly to your Okta MFA settings, on your SPA Profile page (https://login.mutualofomaha.com/enduser/settings). Click here to see step-by-step screen shot instructions. If you have further questions, please contact the service desk at 800-847-9785.   New Way
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Categories: Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Take Advantage of One of the Lowest IUL Charge Structures

Value isn’t always about the highest cash values, caps or distributions, it’s about actual real-world performance. Have you taken the time to compare the charge structure of the Income Advantage IUL to other carriers? If so, you’ll often find that the lower charge structure of our Income Advantage IUL makes it a better value than the illustrated performance of many IULs. Discover the many ways that Income Advantage IUL stands apart from the crowd.   If you have questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or sales.support@mutualofomaha.com   Take Advantage of One of the Lowest IUL
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Coming Soon to California: Mutual Income Solutions

Coming Soon to California: Mutual Income Solutions Agents selling in California will soon be able to help protect their clients’ income in ways they never could before with our new disability income insurance product – Mutual Income Solutions℠. Watch Video   The Need for Disability Income Insurance Clients rely on their incomes to meet their financial needs. A disability income insurance policy helps replace a portion of their incomes if they’re sick or injured and unable to work. It’s financial protection that helps them focus more on their recovery and less on how they’ll cover expenses. View the Consumer Brochure
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

Medicare Solutions – Omaha Family of Companies

Medicare Supplement: Upcoming Rate Adjustments View upcoming rate adjustments for various states.   In Case You Missed It – April 2022 Webinar Learn more about Mutual of Omaha’s competitive standing with the latest episode of our monthly Educational Series.   Tips to Better Understand Underwriting Let us help you navigate the underwriting process, by providing some helpful tips to make underwriting a breeze.   Upcoming Rate Adjustments 2010 Modernized In-Force Only Rate Adjustment-WI, TN 2010 Modernized New and In-Force Rate Adjustment-WA, TN June 2022 Rate Release.   Dental: New Lower Dental Rates in North Carolina and Florida Effective June 1,
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).