“‘Demystifying Cash Buyouts of Long-Term Care Insurance Policies”

March 19, 2021 | by | Comments Off on “‘Demystifying Cash Buyouts of Long-Term Care Insurance Policies”

“Demystifying Cash Buyouts of Long-Term Care Insurance Policies,” Morgan Lewis   “Partner Harold Horwich teams with global professional services firm Alvarez & Marsal in a webinar highlighting the benefits of cash buyouts, the primary impediments to their broader adoption, and their perspective on why those impediments—whether financial, philosophical, legal, regulatory, or tax-related—are either more imagined than real, or can be effectively mitigated.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Last week we highlighted this webinar in an “LTC Clipping.” Now you can watch it online and view the slides here.        
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Categories: Clippings and Industry News.

Special 2 Part Event! LTC vs Hybrid – The Gloves are Coming Off!

March 19, 2021 | by | Comments Off on Special 2 Part Event! LTC vs Hybrid – The Gloves are Coming Off!

Join Jeff Clark as these two insurance products go blow-by-blow! In Part 1 of this 2-Part Series, we’ll show why traditional LTCi is still the best option in many cases, supported with premium comparisons! Tues, March 23, 2021 2-2:30 p.m. CDT View Our Full Line Up of Product and Sales Webinar Events     Questions or help registering? Call the GoldenCare Marketing Team at 800-842-7799! Don’t forget to subscribe to our News Digest for all the latest announcements from the Top Carriers! Check out GoldenCare News  
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Categories: GoldenCare News, Industry News, and Long-Term Care.

Rate Adjustments Effective June 1, 2021

March 18, 2021 | by | Comments Off on Rate Adjustments Effective June 1, 2021

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. To fulfill this commitment, we actively monitor emerging industry trends and make any adjustments necessary that enable 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 June 1, 2021: Block of Business Impacted States LTC06UI Idaho and Massachusetts LTC04I Massachusetts   For a complete rate history, see the state approval grid on Sales Professional Access. Policyholder Notification
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: insurance, Long-Term Care, long-term care insurance, LTC, LTCi, mutual of omaha, omaha, and United of Omaha.

2020 Long-Term Care Insurance Paid Claim Payments Rise

March 18, 2021 | by | Comments Off on 2020 Long-Term Care Insurance Paid Claim Payments Rise

The nation’s long-term care insurers paid out $11.6 Billion in 2020, an increase over prior years according to the American Association for Long-Term Care Insurance (AALTCI). “Every year benefit payouts grow to individuals needing care and purchased long-term care insurance for that very real risk,” reports Jesse Slome, AALTCI’s director. ”The $11.6 billion paid in 2020 represents an increase of $600 million over the total 2019 claim benefits paid and a significant increase from the $8.65 billion paid out five years earlier in 2016.” The amount reported represents claims for those owning traditional or health-based long-term care insurance. The Association
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Categories: GoldenCare News, Industry News, and Long-Term Care.
Tags: AALTCI, claim, Jesse Slome, Long-Term Care, long-term care insurance, LTC, ltc claims, LTCi, LTCi claims, paid claim, Partnership, and premium.

Express Time Service Update

March 18, 2021 | by | Comments Off on Express Time Service Update

From the Desk of Marty Johnson Recently I informed you we were experiencing processing delays for Simplified Issue business. At this time, we continue to receive unprecedented volumes of new business, which is leading to extended service levels. I want to reiterate; we remain committed to providing the quality service you have come to expect. We are addressing this issue by increasing our staff, and reallocating internal resources where applicable to assist. Additionally, our underwriting team continues to work extra time on nights and weekends to ensure your business is handled as quickly as possible. We continue to focus on
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: express, Express Underwriting, life, Life Insurance, mutual of omaha, Mutual of Omaha Insurance Company, omaha, pending cases, simplified issue, simplified underwriting, Underwriting', and United of Omaha.

Our Critical Advantage e-App is Easy to Use

March 18, 2021 | by | Comments Off on Our Critical Advantage e-App is Easy to Use

The Critical Advantage℠ Portfolio e-Application is easily accessible on Sales Professional Access (SPA) under the Electronic Applications link. We have also provided a Quick Start Guide to help you submit your Critical Advantage applications online. Reasons to Use the e-Application Allows you to quote a premium and complete an application at the same time You’re always using correct forms and your applications are completed in good order Provides a paperless “green” experience Simple e-signature process Auto-save functionality A dashboard shows all applications in process Save time- assures application is in good order at the time of submission Our Critical Advantage
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).
Tags: cancer, Cancer Heart Attack Stroke, Cancer Insurance, Cancer Lump Sum, CHS, CI, critical advantage, critical illness, e-App, e-Application, insurance, Lump Sum Cancer, Lump Sum Cancer Heart Stroke, mutual of omaha, Mutual of Omaha Insurance Company, and omaha.

The Hidden Costs of Waiting

March 18, 2021 | by | No Comments

We all know there are risks that come with waiting to purchase a life insurance policy: What happens if the client unexpectedly dies and doesn’t have the death benefit? What if the client is diagnosed with an illness that no longer allows him to be insurable? But with an accumulation-focused life insurance policy, there’s an additional consequence your clients may not be aware of. Waiting can also impact the amount of income your client can take from his or her policy down the road. Even waiting just a few years could change the income potential by thousands of dollars a
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: Cost of Waiting, Income Advantage, Income Advantage IUL, indexed universal life, insurance, IUL, Life Insurance, mutual of omaha, Mutual of Omaha Insurance Company, premium, and United of Omaha.

Medicare Solutions – Omaha Family of Companies

March 18, 2021 | by | Comments Off on Medicare Solutions – Omaha Family of Companies

Medicare Supplement: Do Your Medicare Clients Have Cancer or Heart Attack and Stroke Coverage? As the nation ages, the chances of people suffering from cancer or heart disease increases. Learn how you can help your clients fill the gap between coverage and out-of-pocket expenses.   New Medicare Supplement Plans Nevada We are pleased to announce you can begin selling our new competitively priced Medicare supplement plans in Nevada.   Upcoming Rate Adjustments View upcoming rate adjustments for Maryland, Utah, Idaho, Kansas, Alabama, Arizona, New Mexico.   2021 April Rate Release View the new rates for Georgia, Kentucky, Nebraska, Nevada, Utah,
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
Tags: Dental, dental insurance, insurance, medicare, Medicare Solutions, Medicare Supplement, Medicare Supplements, Medigap, mutual of omaha, omaha, Omaha Insurance, Omaha Supplemental Insurance Company, OSIC, PDP, Prescription Drug Plans, and Rx.

On Demand Webinar Training Series

March 18, 2021 | by | Comments Off on On Demand Webinar Training Series

Watch our LTCi Training Series on demand! To watch on demand, follow the steps below: Click the webinar link. Register for the on-demand event (or enter your email address). View the presentation! Topics are listed below: Back to the Basics of LTCi: Go back to the basics with a product overview and the history of long-term care insurance. Sales and Marketing Process and the Tools You Can Use: Get to know your LTC sales and marketing team as they share the “Six Steps of the LTCi Sales Process” and the tools you can use. All About Underwriting: Learn more about
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: insurance, Long-Term Care, long-term care insurance, LTC, LTC Planning, LTCi, mutual of omaha, Mutual of Omaha Insurance Company, omaha, planning ahead, planning options, and Underwriting'.

Quote on the Go with the Quotes for Sales Professionals App

March 18, 2021 | by | Comments Off on Quote on the Go with the Quotes for Sales Professionals App

Mutual of Omaha’s “Quotes for Sales Professionals” free mobile quoting app makes your life easier by allowing you to quote our products on the go. No more rates sheets and manual calculators. This tool allows you to enter your client’s information and get an instant quote right on your mobile devices ( Android, iPhone, iPad, etc.). Simply search Mutual of Omaha in the App Store or in Google Play, download “Quotes for Sales Professionals” and you’re ready to start quoting! Mobile Quotes Tips You have the ability to save your preferences within the app – making it even faster for
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Categories: Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: illustration, illustrations, insurance, Long-Term Care, long-term care insurance, LTC, LTCi, mobile, mobile app, mutual of omaha, Mutual of Omaha Insurance Company, omaha, and quote.