Automated Underwriting for TLE is Here

Effective Saturday, January 4, 2020, Automated Underwriting, our instant decision tool, was added to Term Life Express e-Applications. Now all your TLE e-Apps will receive an instant underwriting decision after the health questions are completed. That’s not all, you will also see streamlined e-App screens along with great new features including bank validation, address lookup and touch to sign capability. We walk you through the updated TLE e-App in the training videos below. And for more detailed information, be sure to check out our automated underwriting program flyer and frequently asked questions document. Email Signature Training In-Person Signature Training Protect
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Securian Financial Expanded Hours Of Service

We are expanding our hours of service! At Securian Financial, we are always looking for ways to better serve you and your clients. That’s why we are happy to announce that our Enterprise Contact Center for Individual life and annuity is expanding its hours of service! Beginning January 2, 2020, the following hours of operation will go into effect: Monday through Thursday, 7 a.m. to 6 p.m. CT Friday, 7 a.m. to 4:30 P.m. CT With our new hours, we can help elevate the service experience you deserve.   Contact Us Questions? Please call the SecureCare Sales Support Team at
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Categories: Industry News, Life Insurance, and Securian.

Now more of your clients can qualify. Here’s why.

At Securian Financial, we’re always looking for ways to help you make the sale and offer your clients competitive offers. Here’s what you need to know about our recent underwriting sweet spot enhancements: Individuals with type 2 diabetes, pre-diabetes or a history of gestational diabetes can now qualify for non-tobacco plus, and in some cases, even preferred rates. Family history preferred guideline changes: Death of a family member before age 60 due to diabetes no longer eliminates applicants from consideration of non-tobacco plus, preferred or preferred select rate classes Death of a parent or sibling before age 60 due to
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Categories: Industry News, Life Insurance, and Securian.

GUL Express Illustrations

Last February we announced we no longer require illustrations on most Guaranteed Universal Life Express policies. This allows you to simply use our mobile quoting app to quote GUL Express and submit the application. As a reminder, below is when an illustration is required. No Illustration Required Policies with no-cost riders using monthly or annual payments. Illustration Required Policies with cost riders and making payments using anything other than monthly or annual payments. Policies with any payment structure other than guaranteed term periods offered on the mobile quoting tool (age 80, 85, 90, 100, 120), such as short pay and
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

NEW IUL Express Producer Training Video

Our new IUL Express producer training video provides you with everything you need to know about our newest simplified issue product, including the product features, who the target market is, how the indexing options work, the additional options available and more. Watch the Producer Training Video now > >   Then, when you’re ready to sell, use the IUL Express process training video to learn how to illustrate the product and complete the application. Watch the Process Training Video now > >   And, we even have a video that you can share with your clients to help you explain
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Chronic Illness Rider Materials Updated for 2020

We offer Accelerated Death Benefits for Terminal Illness and Chronic Illness which give clients an option to access a portion of their death benefit early. This money can provide a little more comfort during a difficult time or can be used to help cover the costs of long-term care. For the Chronic Illness Rider, the benefit amount is capped each year by the IRS per diem limit. For 2020, this limit has increased to $380 per day (or $138,700 for the year). The following materials have been updated to reflect the extension of the per diem limit into 2018: Accelerated
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Updated Product Portfolio and Underwriting Guide

The Life Insurance Underwriting Guidelines and Product Portfolio have been updated with the January 2020 product updates and are now available to order. Click below to view/download directly: Underwriting Guidelines Product Portfolio All materials are available to view/download through SPA or can be ordered through your normal channels.   If you have questions, please contact your Account Executive or Sales Director.   Updated Product Portfolio and Underwriting Guide   #goldencareagent #mutualofomaha
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Final Reminder: Upcoming Changes to Our Life Portfolio

As a reminder, effective January 1, 2020, we will be making changes to our life product portfolio, including discontinuing our Guaranteed Universal Life product, repricing our Level and Graded Living Promise Whole Life final expense products, repricing our Term Life Express Non-ROP product and discontinuing our Term Life Express 20-Year ROP product. Read the Upcoming Changes to Our Life Portfolio article for complete details on the changes. Read the 2020 Life Product Changes: Transition Rules article to get the full transition rules. Read the FAQ document to get answers to any questions you may have regarding the upcoming changes. If
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Additional suitability & training requirements for life insurance sales in New York

Important information for financial professionals currently selling, or intending to sell, life insurance to New York residents Amended New York Regulation 187: Additional suitability and training requirements for life insurance sales in New York The amended version of New York (NY) Regulation 187 (Reg. 187) will become effective on February 1, 2020, for life insurance sales. Reg. 187 adopts a best interest standard for annuity and life insurance transactions in NY. Annuity recommendations have been required to comply with the Regulation since August 1, 2019. Securian Financial’s goal is to effectively support your business with us, while also ensuring that
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Categories: Industry News, Life Insurance, and Securian.

Upcoming Life Rate and Product Changes Effective January 1, 2020

Effective January 1, 2020, we will be: Increasing the cap on our 100% Participation Rate Strategy for Life Protection Advantage IUL Decreasing our crediting rate on AccumUL Answers Repricing our AccumUL Answers product Life Protection Advantage IUL Cap Increase: The cap for the 100% Participation Strategy on Life Protection Advantage IUL will increase from 9% to 10%. This rate change will apply to newly issued policies, as well as to any in force policies with a segment that is created (with new premium dollars) or renews on January 10, 2020. With the sweep feature, all money received in the home
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).