New Telephone Interview Scheduling Portal is Live

Last month we launched a time-saving online scheduling portal. This tool enables clients to easily schedule a telephone interview that works for their schedule in just a few clicks. Here is the new process: Application is received by Mutual of Omaha with valid email address Email is sent to applicant within 24 hours Email contains a link to an online telephone schedule request Applicant selects date and time of the telephone interview Confirmation email sent to applicant NOTE: If you do not have an email address for your client, or he or she does not respond to the email request,
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

The GRO Rider – An Additional Layer of Protection on Our IULs

The Guaranteed Refund Option rider is included with all qualifying Income Advantage IUL and Life Protection Advantage IUL policies at no additional cost. You may be wondering why clients even need a GRO rider, when most companies illustrate a projected 6 percent (or thereabouts) indexed interest crediting rate. Read the Guarantee Refund Option on IUL flyer to learn how the GRO rider can help provide Income Advantage IUL clients with an additional layer of protection – especially in an unpredictable market.   If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Critical Advantage Rate Decrease for Existing Policyholders – DC, MN, NC, SC

Another group of states have approved the Critical Advantage rate decrease of 20% for current policyholders. Effective April 1, 2019, the following states have been approved: DC, MN, NC, SC Your current customers in these states will not have to do anything to get the new rates. Their premiums will be at the new 20% rate cut automatically starting on 04/01/2019. Here is what your clients can expect with the lower rates. Age Current Monthly Rate New Monthly Rates Monthly Savings Yearly Savings 35 $22.81 $18.25 $4.56 $54.72 45 $38.09 $30.48 $7.61 $91.32 55 $59.69 $47.75 $11.94 $143.28 65 $86.69
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).

Make DI Easy with the Tele-Application!

The DI teleapp facilitates a faster application process, limits asking medical questions, and reduces the need for call-backs to your customers by allowing our trained nurses to gather your clients’ medical information. Advantages of the DI Teleapp Simplifies the sales process for both the agent and the client Don’t have to ask awkward medical questions Quicker issue time – can cut the underwriting process by a 1/3rd – meaning you get paid faster Fewer attending physician statements – over a 50% reduction in medical records being ordered Client answers medical questions only once by a trained nurse regarding activities, health
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

Good News | GoldenCare’s LTC CEO Selling Tools Software Update

New & Updated Content Now Available In Our LTC CEO GoldenCare’s exclusive LTC CEO Office, Home and Internet Selling Tools software was just updated to include the very latest resources, calculators, and sales tools! This is the complete sales toolkit, loaded with the most powerful sales and training tools to help you succeed in selling Long-Term Care insurance and other Perfect Portfolio products. What is included in the LTC CEO? How do you get your hands on these Selling Tools? Contract through GoldenCare or write a piece of business to receive your copy of the LTC CEO free of charge.
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Categories: GoldenCare News, Industry News, and Long-Term Care.

“The Largest Individual LTCI Claim of 2018,” by Jesse R. Slome”

“The Largest Individual LTCI Claim of 2018,” by Jesse R. Slome, ThinkAdvisor “Seven insurers told us about the largest claims they still had open as of Dec. 31, 2018. At each of those insurers, the largest open claim was for more than $1 million. At several, the largest open claim has surpassed the $2 million threshold. Most of the largest claims have been open for at least 11 years. The largest open claim of all has led to the payment of more than $2.6 million in benefits. The claim has been open for more than 15 years. When clients talk
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Categories: Clippings, Industry News, and Long-Term Care.

“The Nation’s Retirement System: A Comprehensive Re-evaluation Needed to Better Promote Future Retirement Security”

“THE NATION’S RETIREMENT SYSTEM: A Comprehensive Re-evaluation Needed to Better Promote Future Retirement Security,” Government Accountability Office “Fundamental changes over the past 40 years have led to various risks and challenges for the three main pillars supporting the U.S. retirement system. For example, current projections indicate that by 2034, the Old-Age and Survivors trust fund for Social Security’s retirement program—the first pillar—will only be sufficient to pay 77 percent of scheduled benefits, due in part to the aging of the population (see figure). Other federal government retirement-related programs also face financial uncertainty. For example, the Pension Benefit Guaranty Corporation, which
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Categories: Clippings, Industry News, and Long-Term Care.

“The Medicare Plan Market Is Alive!”

“The Medicare Plan Market Is Alive!,” by Allison Bell, ThinkAdvisor “Enrollment in all types of Medicare Advantage plans increased to 21 million in January, up 7.6% from the total for January 2018, according to the Centers for Medicare and Medicaid Services (CMS). Enrollment in the core Medicare Advantage health maintenance plans increased 6.9%, to 13.5 million. A separate CMS database shows that enrollment in the traditional Medicare program, which CMS calls Original Medicare, increased to 38.8 million in December 2018, from 38.3 million in January 2018. Total Medicare enrollment increased to 60.4 million in December, from 59.4 million in January.” LTC Comment
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Categories: Clippings, Industry News, and Long-Term Care.

“How to keep nursing home costs from devouring your life savings”

“How to keep nursing home costs from devouring your life savings,” by Lou Michael, Buffalo News “The state Health Department estimates the average annual cost of nursing home care in the Buffalo region at about $123,000, but it can be substantially more depending on the facility. Cappiello’s monthly checks to Elderwood at Lockport will add up to $144,000 by the end of this year. But he could have protected hundreds of thousands of dollars from the nursing home. Though complex, existing laws provide people with a pathway to protect their assets, become legally poor and qualify for publicly funded Medicaid
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Categories: Clippings, Industry News, and Long-Term Care.

“A change is happening in Maine with wide-ranging effects: State is seeing more deaths than births”

“A change is happening in Maine with wide-ranging effects: State is seeing more deaths than births,” by Brian MacQuarrie, Boston Globe “But across the state, the rapid aging of Maine’s population — a trend known by some as the “silver tsunami” — has reached a crucial tipping point, many say. As baby boomers head into retirement, and many young people move away in search of opportunity, Maine is one of only two states, along with West Virginia, where deaths now outnumber births. That gulf is reshaping life here in myriad ways, from shrinking the workforce to intensifying the demand for
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Categories: Clippings, Industry News, and Long-Term Care.