Our LTC Rider on Income Advantage IUL and Life Protection Advantage IUL follows what is known as a reimbursement rider model. Many other companies use an indemnity model. Knowing the difference is important. Here’s a basic definition: Indemnity — Policyowner can take rider benefits up to the maximum monthly benefit limit regardless of the actual expenses incurred. Reimbursement — Policyowner is reimbursed based on actual expenses incurred by the insured, up to the maximum monthly benefit limit. At first glance based on the definitions alone, an indemnity rider may seem like the obvious choice, that your client has access to
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An Extra Feature on Income Advantage IUL at No Extra Cost
The Guaranteed Refund Option rider is included with all qualifying Income Advantage IUL policies at no additional cost. You may be wondering why clients even need a GRO rider, when most companies illustrate a projected 6 percent (or thereabouts) indexed interest crediting rate. Read the Guaranteed Refund Option on IUL flyer to learn how the GRO rider can help provide Income Advantage IUL clients with an additional layer of protection – especially in an unpredictable market. And don’t forget – Income Advantage IUL policies can now be submitted using our Speed eTicket drop ticket process through iPipeline! An Extra
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Underwriting Tip: Owner and Beneficiary Relationships
We offer a variety of simplified issue Express life insurance products to help meet your clients’ needs. It’s important for you to be aware of the acceptable owner/beneficiary relationships. Acceptable Owner/Beneficiary Relationships include: Spouse, Fiancée, Domestic Partner Parent Child Life Insurance Trust Acceptable Beneficiary-Only Relationships (not as owner) include: Estate Siblings Grandparents and Grandchildren Close Relatives by Marriage (in-laws) Ex-spouse Any other Owner/Beneficiary relationships will not be approved. Get this information and other important underwriting information in our Underwriting Guide. And, to learn more about our simplified issue Express products, visit mutualofomaha.com/simple. Underwriting Tip: Owner and Beneficiary Relationships
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COVID-19: We are here for you
COVID-19: We are here for you As we all continue to navigate these times of uncertainty, the health and safety of our customers, partners and employees is our top priority. We are open for business and maintaining business operations. As the situation continues to evolve, know that we are committed and prepared to serve you through this disruptive time. We will continue to update this page with any new developments. What we’re doing We are continually monitoring developments surrounding COVID-19 and are working with state and local governments to support business continuity and resilience. We maintain a business continuity
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Omaha Now Ranked #300 On Fortune 500 List
We improved our position on Fortune Magazine’s 500 list. We moved up to No. 300. #fortune500 #mutualofomaha Mutual of Omaha Improves Position on Fortune 500 List #goldencareagent #mutualofomaha #fortune500
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Now available – Life insurance policies online!
Three Express Solutions – Which Should Your Client Choose?
At United of Omaha, we offer a variety of Express life insurance solutions. While each solution is a little different, they all have one thing in common – they all use simplified underwriting. Simplified underwriting means: No blood or urine No paramed exam No lengthy health inquiries This simplified process makes our Express portfolio ideal for clients who are looking to get coverage issued quickly. When it comes to the individual product solutions, it’s important to know the features and benefits of each product. Use our side-by-side comparison of Indexed Universal Life Express, Guaranteed Universal Life Express, and Term Life
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Help Your Clients Get Protection Through Life
When clients are looking for death benefit protection, they generally want a life insurance policy that can last for their lifetime. However, a fully-guaranteed UL policy (with a level premium and death benefit to age 100 or beyond) can be expensive. With Life Protection Advantage IUL, when the client pays the long-term no-lapse protection premium, they receive a meaningful guarantee period at a competitive price. Take a look at the Protection Through Life flyer to: Learn how the premium guarantees work See how the guarantees compare to life expectancy Review a case study of how the long-term no-lapse protection guarantee
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Share the IUL Express Client Video Today
Our new client-approved video helps you explain how an IUL Express product works and the benefits an IUL Express policy has to offer. Watch it now and share it with your clients. The new video is available, along with other IUL Express materials, on our new simplified issue microsite, mutualofomaha.com/simple. If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com. Share the IUL Express Client Video Today #goldencareagent #mutualofomaha #iule
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Updated Maryland CWL App Pack
Effective April 29, 2020 the Maryland Children’s Whole Life application packets were updated, please make sure you begin using the new application packet by checking the form number. App pack form numbers: Old: ICC17L663A New: ICC18L672A The new paper application packets are available and can be found on Sales Professional Access or ordered through your normal ordering channels. The electronic application is updated with the correct forms. Transition Rules: Children’s Whole Life applications submitted after June 1, 2020, must use the new Maryland application packet. Maryland application packets with the old form number will not be accepted after June 1,
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