Earn An Elegant Getaway RITZ-CARLTON MONTREAL Quebec, Canada A Mutual of Omaha Incentive Trip for Long-Term Care (LTC) Producers It’s a new incentive travel opportunity just for LTCi producers. We’ll reward the top 10 LTCi producers of 2019 with a 4-day getaway to the Ritz-Carlton Montreal in June, 2020. Eligible business includes Mutual of Omaha’s traditional LTCi products – MutualCare® Secure Solution and MutualCare® Custom Solution. Make the most of these final weeks — the qualification period ends December 31, 2019! View the Incentive Trip Flyer #goldencareagent #mutualofomaha
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Oklahoma Now a Pre-Appointment State
Effective November 1, 2019, the state of Oklahoma updated their state regulations to move Oklahoma to a pre-appointment state. This means that if you are writing business in the state of Oklahoma you will be required to have an effective appointment prior to taking an application. All producers currently in the Mutual of Omaha system with a Just-In-Time Oklahoma appointment will be placed in an effective status as of 11/1/2019. All future triggered appointments will be placed in an effective status to meet this regulation change. If you have questions, please contact Mutual of Omaha’s Producer Services Team at
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Get Up to Speed on the IUL Express Process
An IUL Express policy is a great way to provide your clients with long-term life insurance protection using a simplified issue sales process. Our new IUL Express Process Video will take you through the step-by-step process for determining a premium, completing the application packet, understanding the underwriting process, and delivering the policy. You can also use the IUL Express Process Flyer. For even more information on our IUL Express product, as well as our other simplified issue products, visit our now Simplified Issue microsite: mutualofomaha.com/simple. Get Up to Speed on the IUL Express Process #goldencareagent #mutualofomaha #iul
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LTC Partnership Approved in New Mexico
Great news! Partnership has been approved in NM on November 12, 2019. The Partnership Program is designed to allow those who have a qualifying policy to protect their assets from Medicaid spend-down requirements on a dollar-for-dollar basis, equal to the amount of any long-term care insurance benefits received. For a policy to be eligible for Partnership, it must: Be tax-qualified (MutualCare Solutions policies meet this requirement) Be purchased in a state where Partnership is approved Have inflation protection based on specific age brackets at time of purchase LTC13 applications signed in New Mexico on or after November 12, 2019 will
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Rate Adjustments Effective March 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 March 1, 2020: Block of Business Impacted States LT50, NH50, HCA, NHA and LTA Maine For a complete rate history, see the state approval grid on Sales Professional Access. Policyholder
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Learn the Basics: Living Promise
If you are a new agent or would just like to learn more about Living Promise (Final Expense) Whole Life Insurance, we’ve made it simple for you. We created this quick, informative video to teach you about the product features and some of the selling points of Living Promise. Or to view in a separate window, click here. If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com. Learn the Basics: Living Promise #goldencareagent #mutualofomaha
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Rate Adjustments Effective February 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 February 1, 2020: Block of Business Impacted States HCA and HCAR Florida For a complete rate history, see the state approval grid on Sales Professional Access. Policyholder Notification Process Policyholders
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Gerber Life Insurance CSO Mortality Table Transition
Gerber Life Update Important Changes to the Gerber Life Grow-Up® Plan, Young Adult and Guaranteed Life CSO Mortality Tables. The National Association of Insurance Commissioners (NAIC) has adopted the 2017 Commissioners Standard Ordinary (2017 CSO) mortality tables. Life insurance policies are required to use the updated 2017 CSO Mortality Tables by January 1, 2020. Additionally Guaranteed Life Issue policies will continue to use the 2001 CSO Mortality Tables. As a result the following changes will be made: Grow-Up® Plan and Young Adult Grow-Up® Transitions to the 2017 CSO Mortality Tables All Grow-Up® Plan and Young Adult Grow-Up® policies issued
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“60 Seconds with Steve Monroe”
“60 Seconds with Steve Monroe,” by Steve Monroe, The Senior Care Investor Quote: “Are people in our nation’s capital really that out of touch with reality on the ground? Yes. “Finding quality staff is hard enough in skilled nursing facilities, but then getting reimbursed to pay for them is even harder. So, my senator from Connecticut is a co-sponsor of the Quality Care for Nursing Home Residents Act. Now, who doesn’t want quality care for nursing home residents? I assume everyone, except those who would like to put the sector out of business. “For your standard 120-bed nursing facility,
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Clippings, Industry News, and Long-Term Care.
“5 Facts About the Senate Finance Long-Term Care Hearing”
“5 Facts About the Senate Finance Long-Term Care Hearing,” by Allison Bell, ThinkAdvisor “A Republican on the Senate Finance Committee says he’s trying to do what he can to revive the market for long-term care insurance (LTCI). Sen. Pat Toomey, R-Pa., announced Wednesday, at a hearing on Alzheimer’s awareness organized by the committee’s health subcommittee, that he’s circulating a discussion draft of a plan for letting people use money from their retirement plans to pay for LTCI coverage. … Here are four other facts about what happened during the hearing: … Links to resources related to the hearing, including a video recording
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Clippings, Industry News, and Long-Term Care.
