Advanced Markets Minute – February 2024

LTC Self-Insurance or Self-Delusion? Welcome to the Advanced Markets Minute in both print and audio form. Today’s article is called “LTC Self-Insurance or Self-Delusion?” Listen Now   When it comes to planning for long-term care expenses some clients say they would rather self-insure, or in other words, pay the cost of care themselves. They probably don’t self-insure against auto accidents, home fires, or medical costs, but somehow self-insuring against the risk of needing long term care makes sense to them. Many who say that may not understand what the actual cost of long-term care will be and, in reality, cannot
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Coming soon: SecureCare III new reprice and state launch

SecureCare III repricing in SC and launching in MT Give your long-term care (LTC) clients a benefit boost with SecureCare™ III, an LTC and nonparticipating whole life insurance policy. Mark your calendars for Monday, January 29, 2024: SecureCare III rates will decrease by 25 percent across all case scenarios in South Carolina SecureCare III will launch in Montana including the pricing decrease of 25 percent across all case scenarios Learn more about SecureCare III   Please note: All licensing and LTC certification training must be in good order before the sale of any LTC products. Review LTC licensing and training
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Categories: Industry News, Life Insurance, and Securian.

Reminder: Living Promise Application Update

There is a new application form for our Living Promise Whole Life product. The new paper application form number is ICC23L681A and is currently available in Forms and Materials, or through your normal ordering channels. The new application form is now required to be used for all applications. If an old form is received, you will be asked to resubmit using the new application. Here’s a list of state-specific form numbers: California (T209LCA23A) Florida (T210LFL23A) Kansas (ICC23L687A) Maine (ICC23L682A) Minnesota (T212LMN23A) Montana (T213LMT23A) North Carolina (T214LNC23A) North Dakota (T208LNA23A) Oklahoma (T215LOK23A) South Carolina (T208LNA23A) South Dakota (T208LNA23A) Virginia (ICC23L682A) Vermont
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

California Approves Living Promise Underwriting Enhancement

The state of California has approved a new underwriting enhancement for our Living Promise whole life insurance product. Effective December 6th, 2023, the following improvement have been implemented: We’ve lowered the age for diabetes for the Graded Benefit Plan to 45. For Transition Rules regarding applications: Electronic and paper applications using the old form must be signed no later than December 20th, and received at the home office by December 31st to be accepted. Electronic and paper applications signed on or after January 1st, 2024, must use the new application form If you have any questions, please contact Mutual of
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Updates to the Book of Business Tool

The Book of Business download has been enhanced, on Sales Professional Access (SPA) to include a complete list of the inforce Mutual of Omaha policies you have sold now including Prescription Drug Plans and Mutual Income Solutions, effective December 13, 2023. This enhancement will make it even easier to figure out what types of policies your clients may have and prepare to answer any questions. To learn more about the Book of Business feature, review the Book of Business Instructional Flyer.   Updates to the Book of Business Tool   #goldencareagent #mutualofomaha
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Categories: Accident Insurance, Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Earn extra cash for the holidays by selling GTL!

For each Advantage Plus®, Advantage Plus® Elite, Indemnity Plus® Elite, Precision Care™ Cancer Insurance, Recover Cash®, GTL Life Select, Home Care Secure, and/or Short-Term Home Health Care applications submitted between Oct 1, 2023, and Dec 31, 2023.*   View PDF for Bonus Details       Submit 5-10 Applications During Q4 $50 per application Submit 11-25 Applications During Q4 $75 per application Submit 26+ Applications During Q4 $100 per application   View PDF for Bonus Details   Contact GTL’s Sales Support with any questions at (800) 323-6907, or email agency@gtlic.com. * Please view the Bonus PDF for full details and
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Categories: Critical Illness, Guarantee Trust Life, Hospital Indemnity Plan, Industry News, Life Insurance, and Short-Term Care.

Wrapping Up the 2023 Advanced Markets Webinars

As we approach the end of the year, we also approach the final Mutual of Omaha Advanced Markets webinar of 2023, 2024 Tax Updates. Join the Advanced Markets team on Wednesday, December 13 for an overview of important tax and legislative changes that may impact your clients in the upcoming year. 2024 Tax Updates December 13, 2023 | 10:00am Central
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Thanksgiving Holiday Office Closing and 2023 End of Year Pay Dates

Mutual of Omaha and its affiliates (United of Omaha and United World) will be closed on Thursday and Friday, November 23rd and 24th for the Thanksgiving holiday. Below are the cut-off dates and times and the adjusted pay schedules. Holiday Pay Calculation Schedule Med Supp E-App & All Life Cutoff 3:00 PM Health Cutoff 3:00 PM Long Term Care Cutoff 3:00 PM Direct Deposit (EFT) Available The 23rd & 24th of November, Thursday and Friday 11/23/2023-11/24/2023 Monday 11/20/2023 Monday 11/20/2023 Friday 11/17/2023 Friday 11/17/2023 Friday 11/24/2023   Weekly and holiday pay schedules are also available on the Sales Professional Access
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Categories: Accident Insurance, Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

What are your clients saying about GTL?

For nearly 90 years, GTL has been committed to providing you and your clients the best service in the industry. We pride ourselves in keeping that a core value on how we do business.     But don’t just take our word for it… Below is just a very small samping of the positive feedback we have received from your clients recently.   We sincerely appreciate your business and the opportunity to serve your clients. We wish you much success this Open Enrollment!   Contact GTL’s Sales Support with any questions by texting or calling (800) 323-6907, or email agency@gtlic.com.
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Categories: Accident Insurance, Guarantee Trust Life, Hospital Indemnity Plan, Industry News, Life Insurance, and Short-Term Care.

Full Legal Signature Required for Application Processing

Attention Agents! In order to avoid application processing delays, please make sure that you obtain full legal signatures on all submitted applications. Visit the Agent Portal       To expedite and ensure the smooth processing of applications, we can only accept the full legal signature on all submitted applications.   Please inform your client that the following examples of signatures including scribbles, initials, or incomplete signatures will not be acceptable. Initials are not acceptable. Random letters or characters are not acceptable. Scribbles are not acceptable. Please make sure that your client writes their signature as legibly as possible with
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Categories: Accident Insurance, Guarantee Trust Life, Hospital Indemnity Plan, Industry News, Life Insurance, and Short-Term Care.