On October 1, 2019, United of Omaha will be modifying our GUL and GUL Express products due to the implementation of the 2017 Commissioners Standard Ordinary (CSO) Tables. Product Impacts Guaranteed Universal Life (GUL) The product will be updated with the new CSO tables, resulting in a mix of increases and decreases in premiums. The Disability Continuation of Planned Premium Rider will be introduced on GUL in California at the same time. Guaranteed Universal Life Express (GUL Express) The product will be updated with the new CSO tables, which has resulted in decreases in the lifetime guarantee premiums. We will
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What are LTC Post Issue Requirements?
Below is an illustration of the typical LTC application process: STEP 1 Application Submission STEP 2 Risk Assessment STEP 3 Final Action STEP 4 Policy Delivery STEP 5 PIR Submissions You may think that your work is complete by Step 4: Policy Delivery; however, in some situations post issue requirements (PIRs) are needed. Awareness of potential PIRs will help you maintain customer satisfaction as well as monitor your cases until final policy delivery. So… What is a Post Issue Requirement? PIRs may include one or more of the following items: Outstanding Premium Total premium is due 60 days from
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Mandatory Phone Health Interview Removed on TLE and GULE
Want another reason to sell TLE and GULE? We no longer require a mandatory phone health interview (PHI) on our Term Life Express and Guaranteed Universal Life Express products for face amounts between $250,001-$300,000. A mandatory PHI will not be required, at any face amount applied for, effective August 1, 2019. Applications signed prior to August 1, 2019, with a face amount of $250,001-$300,000, will continue to have the mandatory PHI Applications signed August 1, 2019 and later, will no longer require a mandatory PHI to be completed Now the application process can go even faster and your clients only
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Medicare News – Omaha Family of Companies
Medicare Supplement: Med Supp In-force Only Rate Adjustment Please view the upcoming In-force Only Rate Adjustment in West Virginia. Med Supp Modernized September Rate Release Please view the upcoming rate release in DE, ME, NC, and VA. MACRA is here Webinar Questions and Answers During each broadcast, you can ask questions through the Q&A board. Here are the questions we received during the August 6th webinar, MACRA is Here. Medicare Advantage and Prescription Drug Plans: The Mutual of Omaha CareAdvantage Difference Mutual of Omaha CareAdvantage plans offer value based, coordinated care that puts your clients at the
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Get Your Clients Cash When They Need it the Most
Many of today’s health insurance plans come with a high deductible. If you have clients with these plans, talk to them about how our Critical Advantage℠ Portfolio can help. Critical Illness, Cancer and Heart Attack/Stroke products all offer a onetime cash benefit when diagnosed with a covered condition. This benefit can be used to cover your client’s high deductible, or any out of pocket expense they may have. Plus, the policies have no elimination period, so your clients get paid right away. See other tips on selling the products in the Critical Advantage Portfolio here. If you have questions,
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It’s Almost Life Insurance Awareness Month
It’s almost time for those of us in the industry to celebrate what we do every day—help clients protect their family home, their savings, their way of life and their plans for the future. It’s also a great time for your agents to start a conversation about the value of life insurance-whether they’re meeting with a new prospect or conducting an annual review with an existing client. Life insurance and retirement planning Any discussion about life insurance should include its role in retirement planning. Our Map Your Course materials can help. This suite of materials helps your agents talk with
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Strong IUL Products from a Company with a Strong Reputation
At Mutual of Omaha, we’ve spent more than a century earning our reputation of strength and integrity. And while the world looks pretty different than it did in 1909, our reputation endures. You don’t have to take our word for it though. Objective, third-party assessments validate and reinforce Mutual of Omaha’s financial strength. We have consistently earned strong ratings from agencies such as A.M. Best, Standard & Poor’s and Moody’s Investors Service. So, with our IUL products, you can focus on selling a strong, honest product without having to sell the company. We’re a name they know and trust, with
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Upcoming Teleconference: Forms That Speed Up Your Process
Join us for the third installment of our bi-monthly teleconference series with our underwriters! Our Next Teleconference is scheduled for August 22, 2019, 10 a.m. CST Topic: Forms That Speed Up Your Process When: Thursday, August 22 at 10 am Central Conference Number: 1-866-220-3018 Conference ID: 6398347 Check out this flyer for all the details. Do you have questions on the topic, or do you have something you’d like to discuss? Email distribution.marketing@mutualofomaha.com prior to the teleconference. Upcoming Teleconference: Forms That Speed Up Your Process #goldencareagent #mutualofomaha
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Living Promise e-App Will Be Unavailable on August 17th
On Saturday, August 17th, the Living Promise (Final Expense) iPipeline e-Application system will be temporarily unavailable as we perform routine maintenance. The planned outage will last 11:00 p.m. (CST) Friday, August 16th through 11:00 p.m. (CST) Saturday, August 17th. During this outage: You will not see Living Promise as an available product option when starting a new case Your producer dashboard will not display your Living Promise pending cases Any cases awaiting signatures (whether the HIPAA signature or final signature) will not be able to be signed. If someone attempts to click on a link that was sent via an
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Simple and Quick-Issue DI Coverage is Here
Haven’t sold DI recently? We have something that may interest you. Priority Income Protection® features a maximum monthly benefit up to $4,000, only knockout questions on the health section, no occupation classes, no rate-ups and an e-application that’s so easy to quote you’ll never want to fumble with a paper application again. Simple. Streamline. No hassle. For more information, click here. Simple and Quick-Issue DI Coverage is Here #goldencareagent #mutualofomaha
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