Please be aware of the following holiday telephone solicitation ban for the month of March 2019. On Tuesday, March 5, 2019: Louisiana prohibits unsolicited marketing calls to residents in observance of Mardi Gras Holiday Telephone Solicitation Ban for the Month of March 2019 #goldencareagent #mutualofomaha
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(Legacy) Rate Adjustments Effective May 1, 2019 (HI, LA, OH)
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 May 1, 2018: Block of Business Impacted States NHA, LTA, HCA, LT50, NH50 Hawaii, Louisiana LTC04I Hawaii LTC04G Ohio
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Update on the Critical Advantage Rate Decrease for New Applications – OR, RI, VA, WV
Great news! Oregon, Rhode Island, Virginia and West Virginia can offer the products in the Critical Advantage portfolio with a 20% rate cut starting March 1, 2019. 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 flyer to see how our new rates compare to a competitor. At this time, the rate
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Automated Underwriting Updates
It’s pretty common to enter test cases in an e-App in order to familiarize yourself with the process, or to show a client how it will work. Please do not use the Automated Underwriting system for test cases. Consequences of doing this may include: Insurance activity recorded Underwriting reports pulled Duplicate applications recorded Our training videos feature chapters so you can go directly to the content you are looking for or watch the training video in its entirety. If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com. Automated
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GULE Illustration Update
We are pleased to announce that we no longer require illustrations on most Guaranteed Universal Life Express policies. Simply use our mobile quoting app to quote GULE to your client and complete the application. No Longer Requires An Illustration Policies with no-cost riders using monthly or annual payments. Requires An Illustration Policies with cost riders and making payments using anything other than monthly or annual payments. Policies with any payment structure other than guaranteed term periods offered on the mobile quoting tool (age 80, 85, 90, 95, 100, 120), such as short pay and dump in’s. If you have any
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Sneak Peek! LTC CEO Office, Home and Internet Selling Tools software
Get a sneak peek of the new & updated content within our exclusive LTC CEO Office, Home and Internet Selling Tools software! Learn how this Must-Have Resource can dramatically increase your LTC sales, providing sales presentations, calculators, pre-recorded training, instruction for successful Internet Selling, LTC resources, and MORE!. Thurs, Feb 21, 2019 2:00 PM to 2:30 PM CST Reserve Your Seat Now For This Special Demo! Read the Full Invitation #goldencare If you have questions or need additional information, please call us at 1-800-842-7799. Don’t forget to subscribe to our News Digest for all the latest announcements from the Top Carriers! Check
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“Seniors’ Health Costs May Be Moderating But The Need For Long-Term Care May Be Growing”
“Seniors’ Health Costs May Be Moderating But The Need For Long-Term Care May Be Growing” by Howard Gleckman, Forbes “Instead of dying of heart attacks at 60, more of us will live to 85, when we will get dementia. That’s why we need to shift resources from medical care to long-term supports and services. … While Cutler and his colleagues didn’t put it this way, their research strengthens the argument that the US needs to shift resources from medical care to long-term supports and services.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Yeah, we really
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Clippings, Industry News, and Long-Term Care.
“One state’s single-payer push now includes LTC insurance”
“One state’s single-payer push now includes LTC insurance,” by Marty Stempniak, McKnight’s LTC News “New York is taking another stab at adopting a single-payer healthcare system, and the effort includes coverage for long-term care. … The revenue to fund the bill likely would involve a progressive tax on some income, such as dividends and capital gains. A previous analysis by the Rand Corp. estimated that adding long-term care benefits would increase costs to the state by upward of $22 billion. That would amount to a total cost of about $139 billion in 2022, more than the state’s entire budget, Crain’s reported earlier
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Clippings, Industry News, and Long-Term Care.
EssentialLTC available in Hawaii February 15, 2019
National Guardian Life (NGL) is happy to announce that effective February 15, 219, EssentialLTC will be available in the state of Hawaii. There are a few variations to be aware of for EssentialLTC in Hawaii, including: The monthly modal premium factor in Hawaii is 0.085 E-APP is not available at this time Hawaii is not a LTC Partnership state — Partnership eligible policies are not available The 5% Employer Group premium discount is available. The Employer Group rate class is not available at this time. A minimum participation requirement of five (5) issued employees is required for Employer Groups On
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Medicare News – Omaha Family of Companies
Medicare Supplement: March Modernized Rate Release Please view the upcoming March Rate Release for FL, IA, IL, MS, NE, SD, and WV. #goldencareagent #mutualofomaha
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