Automated Underwriting Enhancements

Automated Underwriting for Living Promise e-Applications, our ‘instant decision’ tool, allows us to pull medical information automatically in the background while you complete the application with your client so you can receive an instant underwriting decision. In order to pull the medical information, a HIPAA signature is required. We know an additional signature screen isn’t always what your client or you wants to complete – even when it is required. So we wanted to make the process easier for you. Effective March 13, 2019, we streamlined the HIPPA authorization screens consolidating them for your clients. In addition, your clients are
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

The New LTC Rider is Now Approved in New Jersey

On March 15, agents selling in New Jersey will now have an additional option to help meet clients’ long-term care planning needs. The new Long-Term Care Rider will be available for you on our Income Advantage and Life Protection Advantage Indexed Universal Life (IUL) insurance policies. The LTC Rider provides: Benefits for Nursing Home, Assisted Living, Home Health Care and Adult Day Care Maximum total benefits up to 100% of the initial specified death benefit 1%, 2% or 4% monthly acceleration percentages One-time, 90 calendar-day elimination period Automatic issue of the Chronic Illness Rider if the client doesn’t qualify for
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Learn What Makes Our IUL Products Unique

When it comes to indexed universal life insurance products, there are many different designs. Our IUL Portfolio Overview flyer provides information on what makes our Income Advantage and Life Protection Advantage IUL products unique in the industry. It highlights our: Simple product design Straightforward crediting strategies Competitive participation rates and caps Our index loan option, which comes with a cap Our Guaranteed Refund Option rider, included with qualifying policies at no additional cost Our living benefit riders, including our LTC, Chronic and Terminal Illness Riders To learn even more about our IUL products, visit www.discoverIUL.com.   Learn What Makes Our
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Automated Underwriting Update (Tips)

This week’s tip is to make sure not to move too quickly through the client information screens for Living Promise e-Applications. Take your time and make sure you are entering all of your client’s personal information correctly. This includes name, address, date of birth and Social Security Number. When your client’s data is entered completely and correctly the tool can run the most efficiently and provide you with the best underwriting decision.   If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com.   Automated Underwriting Update   #goldencareagent #mutualofomaha
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Our Term Upsell Program Gives You New Opportunities

Oftentimes, clients will select their term coverage level based on their budget, even if they may actually have a need for more coverage. If you have a client who gets approved better than applied for, this is the perfect time to use the Term Life Answers Upsell Program since they can potentially get more coverage and still be within their budget. Agents who are consistently talking to their client about the upsell offer have found great success. Since we started offering the upsell opportunities, we’ve had a 15 percent acceptance rate with the average increase being just over $275,000 per
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Help Your IUL Clients Prepare for Their Annual Statements

An important part of selling an IUL policy is helping your clients prepare for what to expect when they receive their annual statement. Preparing your clients in advance will hopefully result in fewer unanswered questions when they reach their policy anniversary. We have provided the answers to a few of the questions clients typically have on their first annual statement. If the index increased, why am I not seeing any index interest credits? For life insurance policies, annual statements must be created the day prior to the anniversary date. On an IUL, index interest is not credited until the segment
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

For your older clients — life insurance with guaranteed acceptance

Gerber Life Guaranteed Life At Gerber Life, our Guaranteed Life insurance policy makes providing peace of mind to families simple. It enables your clients to obtain up to $25,0001 in coverage to pay their final expenses — and it comes with an added advantage. Acceptance is guaranteed, regardless of health. WHY YOUR CLIENTS SHOULD CONSIDER COVERING FINAL EXPENSES WITH GERBER LIFE As a reminder, we created Gerber Life’s Guaranteed Life for clients between 50 and 80 years old who are looking for insurance to cover their final expenses, whether as a late entry to life insurance, or to help offset
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Categories: Gerber Life, Industry News, and Life Insurance.

A new life insurance plan that can last a lifetime for adults from Gerber Life

Consider Gerber Life’s New Permanent Whole Life Insurance Policy Options Gerber Life’s Whole Life and Simplified Senior Life policies provide permanent life insurance protection that come with guarantees,1 simplicity and an easy buying experience for your clients. Take a look at how we compare to universal life policies and you’ll see very quickly that Gerber Life’s Whole Life and Simplified Senior Life policies check all the boxes. Questions? Contact your GoldenCare Regional Director at 800-842-7799!   1  The products offer guaranteed premiums (which are guaranteed not to increase for the life of the policy), guaranteed cash value, and guaranteed benefits
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Categories: Gerber Life, Industry News, and Life Insurance.

New Extended Client Phone Interview Hours

At Mutual of Omaha, we always want to make it easy to do business with us. That’s why thanks to the success of Automated Underwriting for Living Promise e-Applications, we were able to reallocate resources and extend our underwriting client phone interview operating hours. The Client Interview team supports health history interviews for Life Express, Fully Underwritten Life, Priority Income Protection, Critical Advantage, and Fully Underwritten Disability Income products. (This team does not support the DI Tele-App process). Effective Monday, March 4, 2019 our client interview team, (800) 775-3000, will be open 1-hour longer Monday-Thursday and be open on Saturdays.
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Categories: Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Mobile Quotes Update

On March 1, 2019, we will be enhancing the look of Quotes for Sales Professionals, our mobile quoting tool. You can expect the same easy-to-use app, but with a fresh new look. The first time you open the app after the install on March 1, a message will pop up notifying you that a new update is available. The updated mobile app will only be compatible with the following operating systems: iPhone® – 10.0 and higher Android™ – 5.0 and higher Don’t have the new app? The Quotes for Sales Professionals mobile app is free and available on the Apple
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Categories: Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).