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, 2020: Block of Business Impacted States LTC04I and LTC06UI Massachusetts For a complete rate history, see the state approval grid on Sales Professional Access. Policyholder Notification Process Policyholders
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Instant Decision Training
We now offer Automated Underwriting on Living Promise Whole Life (Final Expense) and Term Life Express e-Applications. This flyer walks you through the simple process of how Automated Underwriting works. Looking for more detailed training? Check out our videos for both email and in-person signature methods. Living Promise In-Person Signature Method Living Promise Email Signature Method Term Life Express In-Person Signature Method Term Life Express Email Signature Method Also, don’t forget to check out all our helpful resources available on mutualofomaha.com/simple. Instant Decision Training #goldencareagent #mutualofomaha #life
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Get Maximum Benefits for Professional Home Health Care
If staying at home is your client’s top priority, here’s a way to ensure the policy provides maximum benefits for home health care. The Professional Home Health Care rider, available only on a MutualCare® Custom Solution policy, makes additional funds available for long-term care services provided by a nurse or skilled health-care professional. These extra funds allow your client the ability to get the level of care needed, even if it exceeds the policy’s maximum monthly benefit. Here’s How it Works: If the cost for professional home health care services exceeds the policy’s home health care maximum monthly benefit in
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LTCi Application Tips
Painting a picture is the best way to ensure your cases are issued quicker When underwriting your LTCi cases, Mutual of Omaha looks at the total picture, including your client’s health, cognitive status and lifestyle. So, the better job you do painting a picture of your client’s situation, the faster the underwriting process will go. Mutual of Omaha knows your LTCi clients are more than a list of diagnoses. Even people with chronic health conditions can be viewed favorably as long as they’re physically and socially active and working with a physician to manage their health. But underwriting has to
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IUL Express in Four Simple Steps
The IUL Express process guide takes you through the step-by-step process to sell IUL Express. This guide walks you through: How to run an IUL Express quote How to complete and submit the application packet Simplified underwriting Delivering the policy Looking for even more training on IUL Express? Check out our producer training video on MutualofOmaha.com/Simple. IUL Express in Four Simple Steps #goldencareagent #mutualofomaha #life
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Important Update from NGL
Committed to safety At National Guardian Life Insurance Company (NGL), we care deeply for the safety and well-being of our partners, agents, customers and employees. We have been closely monitoring the latest local and national reports from the Centers for Disease Control (CDC) concerning the coronavirus (COVID-19). We are committed to the health of our employees and community and that is why we decided to help reduce the spread of the coronavirus by asking employees to work remotely if possible. This resolution is the best way for us to keep our employees safe and to continue providing you with the
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Reminder: Kemper Senior Solutions Product Discontinuation 3/31/2020
REMINDER: — Kemper has made the decision to discontinue new business sales within the Kemper Senior Solutions market segment. Kemper’s Life Insurance products were already impacted, with new business no longer being accepted as of January 1, 2020. The stand-alone Home Health Care product will be discontinued March 31, 2020. Applications must be signed on or before March 31, 2020 to be accepted. Be assured, all existing in-force business will continue to receive the same high standard of service they have come to expect. We sincerely appreciate your support for the KSS products and will do everything to make this
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Thrivent 101 – Producer Reference Flyer
Thrivent Financial is not new to Long Term Care Insurance or to financial planning, but Thrivent is new to brokerage distribution. Thrivent is also one of the only fraternal insurers offering solutions outside its captive distribution. As such, many producers are not familiar with how to best position Thrivent as an option or discuss a fraternal’s unique structure to clients. Our Thrivent 101 Producer Flyer discusses: Explaining Fraternal Benefit Societies, Thrivent’s common bond, and how that common bond is outlined in the application. How simple the conversation about faith and teeing up Thrivent can be. Don’t make this complicated! How
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Thrivent LTCi – Updates to eApp
eApps are already starting to come in from Thrivent’s recently launched iGo tool. Please note a few updates designed to make the process smoother. Thrivent has created a video walkthrough of the eApp, where the Product Development team also walks producers through the built-in illustration system. Click here for the Thrivent eApp Video Walkthrough Thrivent has also revised the User Guide and Illustration guide to provide more clarity. User Guide updates: Representative’s Information (Page 17) Updated to clarify that when entering your Thrivent Agent Code, just enter the last 5 digits of your Thrivent ID – exclude the F0 part
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In-Force Rate Action Announcement: Washington DC (PCS II)
> PCS II with Stable Premium Option As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Washington DC has now allowed the following increases: Washington DC Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods PCS II 10% 10% Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications. Policyholder notifications will begin
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