We are pleased to announce that effective December 1, 2021, Mutual of Omaha will once again be accepting individual long-term care insurance applications from the state of Washington. Note: We expect to provide an update on resuming LTC Rider sales in first quarter 2022. Important information to know: The MutualCare® Solutions Portfolio will resume sales without any minimum requirements. e-Applications, illustrations and quoting software will be available beginning December 1, 2021. Mutual of Omaha LTCi policies needed to be placed prior to November 1, 2021, to be eligible for the WA Cares Fund tax exemption. Any new applications will not
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Inforce Long-Term Care Insurance Rate Adjustments Effective February 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 February 1, 2022: Effective Date States Impacted Policy Forms Impacted Benefit Period Overall Rate Increase Per Year 2/1/2022 Arkansas LT50, NH50, HCA, NHA and LTA Non-Lifetime 25% 2/1/2022 Arkansas LT50, NH50, HCA, NHA and LTA Lifetime 25% Policyholder Notification Process Policyholders will receive a letter notifying them at least 60 days prior to the premium rate increase. The effective date
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iPipeline Product Drop Down Update
On December 1, 2021, we are updating the iPipeline product type drop-downs. Here’s everything you need to know. What’s Changing We are adding a NEW product type drop-down, Indexed Universal Life, where you can find all Indexed Universal Life products. Beginning December 16, 2021, these products will no longer be listed under the Universal Life product drop-down. We made minor changes to the application names for Term Life, Whole Life, and Universal Life products. Please note, these changes will not affect your pending applications. For a detailed look at the changes, including screenshots of the new drop-downs, please refer to
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New EFT Direct Deposit Requirements
Effective February 1, 2022, Mutual of Omaha will require an electronic deposit for all commission payments. Enrolling in EFT will get you paid in a more timely, secure, and convenient manner with no checks needing to be deposited. Once compensation totals more than $25, we will send an electronic payment directly to the bank that is in your profile on Sales Professional Access. Failure to enroll in EFT will result in your commissions being delayed and will be paid annually in January following the end of a calendar year. Please add or update your electronic deposit information by January 31,
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Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
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2022 Copay and Deductibles
The Center for Medicare and Medicaid Services (CMS) has announced the 2022 Medicare Premiums and Copay/Deductibles. Medicare Part B Premium The Medicare Part B standard monthly premium will be $170.10 in 2022, compared to $148.50 in 2021. Note: The income-related Part B premiums for 2022 will vary depending on the extent to which an individual beneficiary’s income exceeds $91,000 (or a married couple’s income exceeds $182,000). 2022 Income Level-File Individual 2022 Income Level-File Joint 2022 Part B Premium Less than or equal to $91,000 Less than or equal to $182,000 $170.10 Greater than $91,000 and less than or equal to
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GWIC Thanksgiving Holiday Hours 2021
Holiday hours reminder Great Western Insurance Company’s (GWIC®) office will be closed Thursday, Nov. 25, and Friday, Nov. 26, for the Thanksgiving holiday. We will resume regular business hours, from 7:30 a.m. to 4:45 p.m. Central time, on Monday, Nov. 29. Happy Thanksgiving! #goldencareagent #gwic #greatwestern #finalexpense
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Washington Update and LTC Awareness Month
Important Washington state update NGL is excited to announce that all sales restrictions in Washington state are eliminated effective immediately! We are able to lift the restrictions due to new business application submission levels returning to normal and our underwriters reaching a decision on 97% of Washington state applications as of November 1, 2021 on business that was submitted since June 1, 2021. As a reminder, there will be full charge back of commissions on any Washington state applications submitted from May 24, 2021 – November 10, 2021 where the premium is not paid into the second year of coverage.
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Teaming Up for LTCi Awareness Month
The Best Players Are Part of Great Teams At Mutual of Omaha, we know that greatness isn’t achieved alone. The best players are surrounded by great teams who help them win championships. That’s why by working together, we can offer these valuable long-term care insurance products to your clients. Halftime Huddle The additional tools below will help position you for a successful second half of long-term care insurance awareness month, and ensure you remain at the top of your game. Protection That Endures Consumer Video– This inspirational video can help you convey our enduring commitment to long-term care insurance and
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Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
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Thanksgiving Office Closing 2021
Mutual of Omaha and its affiliates (United of Omaha and United World) will be closed on Thursday, Nov. 25, and Friday, Nov. 26, 2021, for the Thanksgiving holiday. Thanksgiving Office Closing #goldencareagent #mutualofomaha #happythanksgiving
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Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
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MIS Dashboard: New Payer Flow Functionality
Mutual of Omaha has added an additional payer flow for Mutual Income Solutions applicants. Applicants now have the option to provide their payment information at the time of policy acceptance as well as at the time of application. After completing Parts A and deciding to complete Part B now or send to the client, you’ll have the option to select whether you’ll complete the payment information now (during the application) or complete at policy acceptance. If you select ‘Complete Now’, the payor screen will appear in the producer e-App and the flow will match what you’re used to seeing. If
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