Administrative Alert! Changes to Indexed Life Portfolio Due to the continuing economic impact of the COVID-19 pandemic, it is necessary to reduce cap rates and participation rates on some of the accounts within our Indexed Universal Life product portfolio. These changes will take effect for all premium received and new indexed segments created after Friday, January 15, 2021. All premium received on or before January 15 for approved and existing policies will have current rates applied. Illustrations will be updated January 15, 2021. Many considerations go into determining the cap and participation rates – and we want to make sure
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Foreign National Questionnaire Now on iPipeline e-Apps
You are no longer required to submit a paper application if your client is a non-US citizen. The required Foreign National Questionnaire is now built into our iPipeline e-App for most products! Here’s what you need to know: Available on iPipeline e-App’s for: Indexed Universal Life Express (IULE) Term Life Express (TLE) Guaranteed Universal Life Express (GULE) Term Life Answers (TLA) AccumUL Answers Income Advantage IUL Life Protection Advantage IUL Who does this affect: Clients who are non-US citizens Make sure your client has the following ready in order to complete the Foreign National Questions: Visa Permanent Resident Card If
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New Underwriting Guidelines Booklet – Now Available
The Life Insurance Underwriting Guidelines booklet has been updated for January 1, 2021 and is now available to order. Changes effective January 1, 2021 include: The IRS Tax Transcript form number that was previously 4506T-EZ has been updated and is now 4506-C. The new 4506-C tax transcript form is available to download on SPA. The generally acceptable maximum face amount for juveniles has been increased from $100,000 to $250,000; and the maximum we will consider has been increased from $250,000 to $500,000 We will now request a pharmaceutical check (Rx) for all Juvenile policies The updated guide is available to
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Reminder: Holiday Hours for Securian’s SecureCare Team
SecureCare tele-interview and underwriting holiday hours Please take note of the following holiday office closures: Christmas Eve (Dec. 24): Closed at 3 p.m. CST Christmas Day (Dec. 25): Closed Boxing Day (Dec. 26): Closed New Year’s Eve (Dec. 31): Closed at 5 p.m. CST New Year’s Day (Jan. 1): Closed We hope that you and your loved ones stay safe and healthy. #goldencareagent #minnesotalife #securian
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New SecureCare sales idea
SecureCare Funding Source: RMDs Since SecureCare Universal Life’s maximum payment age is now age 80 in most states, this allows older clients to take advantage of longer payment duration options and — potentially — a new premium funding strategy. If a client doesn’t need to rely on required minimum distributions (RMDs) from their qualified accounts for retirement income, they could use their RMDs to fund SecureCare. If you have older clients who are late to the long-term care (LTC) planning game, then this is a sales idea you’ll want in your repertoire! Get the flyer Contact Us Questions? Please
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IUL Historical Performance is Now Available for IUL Express
At Mutual of Omaha, our goal is to be as transparent as possible in our IUL renewal rate setting process. That’s why we continue to provide you with our historical index interest rates, as well as our renewal participation rates and caps. These flyers have been available for our fully-underwritten IULS; and, now that IUL Express has been available for a full year and inforce policies are hitting their anniversary, we also have a brand new flyer showing our IUL Express Historical Rates. IUL Express Historical Rate Flyer Income Advantage Historical Rates Flyer Life Protection Advantage Historical Rates Flyer These
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Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
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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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Help Your Clients Map Their Course to Retirement
Even when your clients have been smart about planning and saving, there are still risks they face during retirement. Some can’t be managed, but others can – with appropriate planning. An Income Advantage IUL policy can help clients by providing life insurance protection today, and options for the future to help clients minimize their retirement risks. Our Map Your Course materials include consumer-facing brochures that will help you cover both the risks and the “how” behind the IUL solution to those risks. They will help you knowledgeably speak to the value IUL brings to retirement planning. The main Retirement Risks
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Simplified Issue – Prescription Drug Exclusion List
Prescription drug names can be confusing and the list of prescriptions is far too long to memorize. Our Prescription Drug Exclusion flyer can be used as a quick reference guide for knock out drugs for: Indexed Universal Life Express (IULE), Term Life Express (TLE), Guaranteed Universal Life Express (GULE) and Living Promise Whole Life (Final Expense). * Please note this list is not all-inclusive. If you have questions, please contact Mutual of Omaha’s Sales Support at 800-693-6083 or email sales.support@mutualofomaha.com. Simplified Issue – Prescription Drug Exclusion List #goldencareagent #mutualofomaha
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Omaha Holiday Office Closings
Mutual of Omaha and its affiliates (United of Omaha and United World) will be closed on the following days: Friday, December 25th Friday, January 1st From everyone at Mutual of Omaha, we wish you happy holidays and safe travels! Holiday Office Closings #goldencareagent #mutualofomaha #happyholidays
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Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
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