New Fully Underwritten Life Insurance Application

Effective June 1, 2017, we are revising our Fully Underwritten Life Insurance Application. The new Fully Underwritten Application will now require two signatures — one for each part of the two-part application, if filled out. The new application packets are available for you to download from the Sales Professional Access (SPA) website. You can also order new application packets through your normal supply channels. Please discard any existing stock you have of the old Fully Underwritten Application packets as soon as possible and replace them with the new versions. Please Note:   The application packet form numbers haven’t changed but
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

“Thinking Gen X: An Overdue Look at an Overlooked Generation,” by Olivia Mellan and Sherry Christie, ThinkAdvisor

“It may be fitting that the group nestled between baby boomers and millennials is labeled “Generation X,” since its members are more of an unknown than the generations before and after. Their elders, the boomers, have virtually owned popular culture since the Beatles landed in the U.S. in 1964. Their kid brothers and sisters, the millennials, are applauded for their tech use, social consciousness and entrepreneurial gusto.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): It behooves LTCI producers to understand Generation X, born between 1961 and 1981, as they’re entering their peak-earnings and LTCI prospect
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Categories: Industry News and Long-Term Care.

“Assisted living is 16% of elder housing market: report,” by Lois A. Bowers, McKnight’s Senior Living

“Assisted living comes in second to skilled nursing in housing the elderly outside of traditional homes, according to the latest ‘SK&A U.S. Elder Care Market Summary.’ Skilled nursing centers represent 67% of the market, whereas assisted living has 16% of the market, according to the report. The SK&A report lists assisted living separately from personal care and board-and-care facilities, each of which it said represents approximately 1% of the market.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Very interesting data. Medicaid now spends more than half of its LTC expenditures on home and community-based care
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Categories: Industry News and Long-Term Care.

Priority Income Protection® – FL e-quote / e-app

Priority Income Protection® was approved in FL on May 1, 2017. However, the release date of the e-quote / e-app submission tool available on Sales Professional Access (SPA), has been delayed until May 22, 2017. You are still able to run a quick quote on the mobile quote app and there is a rate sheet available in forms and materials. Paper applications may be submitted at this time. If you still need to download the mobile quote app, it requires iOS7 or Android 4.0 and higher. In the app store, search for Mutual of Omaha Quotes for Sales Professionals. If
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

Critical Advantage Portfolio Available in Virginia on June 1, 2017

On June 1, 2017, Mutual of Omaha will be releasing the Critical Advantage portfolio in Virginia. Critical Advantage is critical illness, cancer, heart attack, and stroke insurance policies that provides a lump-sum benefit upon diagnosis. Features with Critical Advantage: Benefit amounts from $10,000-$100,000 payable upon diagnosis Issue ages of 18-89 for lifetime and 18-54 for term Individual, Individual plus child/children, or family coverage options Underwriting The Critical Advantage portfolio has the following underwriting criteria: Express Underwriting For benefit amounts $10,000 to $50,000 The application has simple “yes or no” knock-out health questions Simplified Underwriting For benefit amounts $51000 to $100,000
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).

Medicare Supplement News – Omaha Family of Companies

Upcoming Rate Adjustments Please review upcoming rate adjustments in GA, KY, MO and SC. •  Modernized Rate Adjustment – GA, MO, SC •  Standardized Rate Adjustment – KY, SC •  Plan N Rate Adjustment – KY Modernized June Rate Release Please review the upcoming rate release in CA, DC, ID, MD, UT and WY. Add Your Listing to the Online Medicare Supplement Agent Directory Add your listing to the Online Medicare Supplement Agent Directory. Take advantage of a 20 percent discount offered by Mutual of Omaha.   #goldencareagent #mutualofomaha
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Rate Adjustments Effective August 1, 2017 – OH & SC

Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha and we intend to remain a key player in this market for years to come. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective August 1, 2017: Block of Business Impacted States NHA, LTA, HCA, LT50, NH50 Ohio, South Carolina     For a
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

There’s no place like home for your clients!

Your Clients Prefer to Recover at Home $150, $300 or $450 maximum daily benefit options! Prescription benefit year maximum of 300 or 600! Complements our other great products while helping provide the financial coverage your clients need! Policyholder Access to Ask Mayo Clinic Nurseline and Critical Illness Support Available on our new e-App for Apple and Android now: App Store or Google Play HIP, Critical Accident, Dental/Vision and Ambulance riders available     Watch GTL’s Webinar Recording Now: Available in the following states: Alabama, Alaska, Arkansas, Delaware, Illinois, Indiana, Iowa, Louisiana, Michigan, Mississippi, Missouri, Montana, Nebraska, Nevada, Ohio, Oklahoma, South
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Categories: Guarantee Trust Life, Industry News, and Short-Term Care.

Omaha: How Your LTCi Policies Get Issued

Wednesday, May 24th 2:00 p.m. CT LTC Operations: How Policies Get Issued… a Behind-the-Scenes Look What happens after your client agrees to purchase a policy? Learn what items you should include with the app, what you can expect from the underwriting team and key milestones in the underwriting process. You can register for the webinar, add it to your calendar or both. On the day of the webinar, simply click the link from the confirmation email or calendar entry. There is no number to dial, just listen through your laptop or PC speakers or headphones. Add to calendar: Outlook  |
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

In-Force Rate Action Announcement: Washington (Privileged Choice® and Classic Select®)

As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. In September 2013, we began to seek premium rate increases on certain Privileged Choice® and Classic Select® policies sold between 2003 and 2012. Subsequently, we received approval for, and implemented, a 12.8% premium increase in Washington. At the time, a larger increase was justified, based on projected experience, but rate stability requirements prevented us from requesting the fully justified amount. In 2016, we began requesting the
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Categories: Genworth, Industry News, and Long-Term Care.