Asset Care: Bringing value to Montana and Washington, D.C.

June 1, 2020 | by | Comments Off on Asset Care: Bringing value to Montana and Washington, D.C.

Asset Care: Bringing value to Montana and Washington, D.C. We’re pleased to announce that our updated Asset Care® product, originally launched in 2019, will become available in Montana and Washington, D.C. on June 20.   Our updated Asset Care product provides several unique benefits, including: Optional joint coverage and lifetime benefits Single Premium Drop-In Rider (SPDR) on the Recurring Premium Whole Life funding option A new 5-pay option on the recurring premium whole life funding option – your clients will now be able to choose a 5-, 10- or 20-year pay option or a pay to 95 option Zero-day waiting
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.
Tags: annuity, Annuity Care, hybrid, insurance, linked benefit, LTC, oneamerica, State Life, and training.

UPDATE: Grace period extended through July 1 for premium payments

June 1, 2020 | by | Comments Off on UPDATE: Grace period extended through July 1 for premium payments

UPDATE: Grace period extended through July 1 for premium payments At OneAmerica, we continue to monitor the financial impact of the COVID-19 pandemic on our communities and our life insurance policyowners. We understand that some policyowners may currently be struggling to pay their premiums on time. To meet this immediate need, OneAmerica has again automatically extended the grace period on all individual life insurance coverage through July 1, 2020. After July 1, 2020, OneAmerica will consider extended grace periods on a state-by-state basis.   What does this mean? Effective immediately, OneAmerica will automatically extend the grace period on all individual
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Categories: COVID-19, Industry News, Linked Benefit/Hybrids, and OneAmerica.
Tags: Asset Care, Coronavirus, COVID-19, hybrid, insurance, linked benefit, LTC, oneamerica, pandemic, State Life, training, and virus.

Have you used our new, enhanced voice signature?

June 1, 2020 | by | Comments Off on Have you used our new, enhanced voice signature?

Lumico has recently launched a new voice signature process. The new process is faster and will enable agents to complete the voice signature at the point-of-sale. This eliminates the need for a call-back to the applicant to complete the voice signature process We will be sunsetting the old voice signature process on May 29, 2020. To help get you up to speed, our tip sheet and training guide are here to help. Access the Voice Signature Tip Sheet   Access the Voice Signature Training Guide   Lumico — Insurance Made Clear.   #goldencareagent #lumico
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Categories: Industry News, Lumico, and Medicare Supp./Adv..
Tags: Lumico, Med Supp, medicare, Medicare Supplement, Medigap, and Swiss RE.

LTC Compensation Timing Update

June 1, 2020 | by | Comments Off on LTC Compensation Timing Update

To better align with our other product lines, beginning June 5, 2020, compensation for LTC policies will be paid at the time all Post Issue Requirements (PIRs) are received and the case is considered placed. As a reminder, below are the PIRs that must be received to place the policy in force: Outstanding Premium Monthly EFT drafts will occur on the first renewal date selected by the customer. For all modes other than monthly, a billing statement will be sent with the policy. Total premium is due 60 days from issue. Policy Delivery Acknowledgement A Policy Delivery Acknowledgement (PDA) is
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: amendments, commission, compensation, insurance, Long-Term Care, long-term care insurance, LTC, LTC Planning, LTCi, mutual of omaha, omaha, PIR, PIRs, post issue requirement, and post-issue requirements.

Rate Adjustments Effective August 1, 2020

June 1, 2020 | by | Comments Off on Rate Adjustments Effective August 1, 2020

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 August 1, 2020: Block of Business Impacted States LTC06UI Colorado   For a complete rate history, see the state approval grid on Sales Professional Access. Policyholder Notification Process Policyholders will receive
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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.

Rate Adjustments Effective September 1, 2020

June 1, 2020 | by | Comments Off on Rate Adjustments Effective September 1, 2020

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 September 1, 2020: Block of Business Impacted States LTC04I and LTC06UI Rhode Island   For a complete rate history, see the state approval grid on Sales Professional Access. Policyholder Notification Process
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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.

An Extra Feature on Income Advantage IUL at No Extra Cost

June 1, 2020 | by | Comments Off on An Extra Feature on Income Advantage IUL at No Extra Cost

The Guaranteed Refund Option rider is included with all qualifying Income 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 Guaranteed 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. And don’t forget – Income Advantage IUL policies can now be submitted using our Speed eTicket drop ticket process through iPipeline!   An Extra
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: express, GRO, GRO Rider, Guaranteed Refund Option, indexed universal life, indexed universal life express, IUL, IULE, Life Insurance, mutual of omaha, omaha, and United of Omaha.

Underwriting Tip: Owner and Beneficiary Relationships

June 1, 2020 | by | Comments Off on Underwriting Tip: Owner and Beneficiary Relationships

We offer a variety of simplified issue Express life insurance products to help meet your clients’ needs. It’s important for you to be aware of the acceptable owner/beneficiary relationships. Acceptable Owner/Beneficiary Relationships include: Spouse, Fiancée, Domestic Partner Parent Child Life Insurance Trust Acceptable Beneficiary-Only Relationships (not as owner) include: Estate Siblings Grandparents and Grandchildren Close Relatives by Marriage (in-laws) Ex-spouse Any other Owner/Beneficiary relationships will not be approved. Get this information and other important underwriting information in our Underwriting Guide. And, to learn more about our simplified issue Express products, visit mutualofomaha.com/simple.   Underwriting Tip: Owner and Beneficiary Relationships  
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: beneficiary, express, insurance, IUL, life, Life Insurance, mutual of omaha, omaha, owner, simplified underwriting, and United of Omaha.

Basics of DI Underwriting

June 1, 2020 | by | Comments Off on Basics of DI Underwriting

Unfortunately, many Americans are totally unprepared for the financial hit that a sickness or injury can bring. If your clients don’t have disability income insurance, then their financial portfolio may be at risk. When you are helping clients think about income protection you need to understand how eligibility is determined by your client’s occupation, medical history and income. View Know the Basics flyer.   Basics of DI Underwriting   #goldencareagent #mutualofomaha
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).
Tags: DI, DI Choice, DIAM, disability income, Disability Income Awareness Month, income protection, insurance, mortgage protection, mutual of omaha, omaha, PIP, Priority Income Protection, and protection.

Medicare Solutions – Omaha Family of Companies

June 1, 2020 | by | Comments Off on Medicare Solutions – Omaha Family of Companies

Medicare Supplement: Upcoming Rate Adjustment View upcoming rate adjustment for North Dakota.   June Rate Release-DC, IN, NJ, WY View June 2020 Rate Release for District of Columbia, Indiana, New Jersey, and Wyoming.   Dental: Spotlight on Dental-Our Product View information on our Dental product.   #goldencareagent #mutualofomaha
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Categories: Dental, Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
Tags: Dental, dental insurance, insurance, medicare, Medicare Advantage, mutual of omaha, omaha, Omaha Insurance, Omaha Supplemental Insurance Company, OSIC, PDP, Prescription Drug Plans, and Rx.