Living Promise (Final Expense) Medication Exclusion Update

Effective immediately, the following medications may now be eligible for Living Promise coverage. If you have a client who is taking any of the following medications, the underwriting decision may have changed. Please reference the chart below for the timeframes in which these changes are applicable. If you have any questions, please contact your sales director. Living Promise (Final Expense) Medication Exclusion Update #goldencareagent #MutualOfOmaha
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Categories: Life Insurance and Mutual of Omaha (& Affiliates).

“The High Cost of Ultralow Interest Rates,” by Paul H. Kupiec, Wall Street Journal

“Extended periods of ultralow rates also make it more difficult for families to build precautionary reserves—for example, life insurance and long-term care insurance become prohibitively expensive.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): We make this point about the impact of artificially imposed low interest rates frequently, but it is not made often enough in the national media. Reminder: The Wall Street Journal is gated. The High Cost of Ultralow Interest Rates #goldencareagent
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Categories: Industry News, Life Insurance, and Long-Term Care.

Final Expense Product Approvals in WA, IL, and HI

Transamerica has updated the Immediate Solution and 10 Pay Solution Final Expense life insurance policies for the states of Hawaii, Illinois, and Washington as follows: Hawaii Updated Final Expense application kits will be available on all essential websites on May 20, 2016. There will be a 40-day transition period. The old application will be accepted if received by June 30, 2016, with the new application required as of July 1, 2016. Illinois Illinois has approved an Amendatory Endorsement relating to the Incontestability provision. Starting on May 20, 2016, an Amendatory Endorsement letter will be sent to all clients who hold
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Categories: Life Insurance and Transamerica.

Illustrations Enhanced with GRO Required Premium

One of the great features of our GUL, GUL Plus, GUL Survivor and Income Advantage IUL is that we include a Guaranteed Refund Option (GRO) rider with all qualifying policies at no additional cost.  This rider gives your clients flexibility for the future by providing them with opportunities to surrender their policy and receive up to 50 percent of their premiums back during a 60-day window following their 15th policy anniversary, and up to 100 percent of their premiums back during a 60-day window at the end of years 20, 21, 22, 23, 24 and 25.  In order to receive
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Categories: Life Insurance and Mutual of Omaha (& Affiliates).

Learn Which Riders Are Included with IUL

United of Omaha’s new Income Advantage IUL product offers clients a death benefit, along with cash value accumulation potential. It also comes with a number of riders that are included automatically, and at no additional charge. Learn more about which riders are included with the policy at no cost and how each rider works by watching the IUL University training module Included Policy Riders. For additional information on Income Advantage IUL, including even more IUL University training modules, visit DiscoverIUL.com.   #goldencareagent #MutualOfOmaha
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Categories: Life Insurance and Mutual of Omaha (& Affiliates).

Make a Splash with our TLA Rates

Effective May 1, 2016, we have new rates in the Preferred Plus Age Last Birthday class and don’t forget we are already competitive in Preferred and Standard Nontobacco risk classes. What You Need to Know: New Preferred Plus Age Last Birthday rates (look for us at the top with ages 30-50) We are doing a flip turn on our 15 year products with some kick in premium decreases Effective May 1, 2016, all states We are still building speed in the Preferred Plus, Preferred and Standard Nontobacco risk classes, male/female ages 30-60, face amounts of $250,000/$500,000/$1,000,000. Transition Rules: Applications signed
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Categories: Life Insurance and Mutual of Omaha (& Affiliates).

Sentinel Plan Life Products: Underwriting Tip – Diabetic Neuropathy

Underwriting Tip – Diabetic Neuropathy Is your client a diabetic and taking Gabapentin, Lyrica, or Neurontin? If so, this client is eligible for New Vantage III for diabetic neuropathy. Diabetic neuropathy is nerve damage that occurs as a result of prolonged elevated levels of blood glucose due to diabetes. Diabetic neuropathy can affect different parts of the body, and symptoms can range from mild to severe. Symptoms of neuropathy may include numbness, tingling, pain, burning, and loss of sensation in the feet and legs which can increase the risk of falls, slow infection recovery, and lead to amputation. #goldencareagent #Sentinel
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Categories: Life Insurance and Sentinel Security Life.

“Upscale Planning: Leveraging Social Security benefits with life insurance,” by Russell E. Towers, Advisor Magazine

“Your clients can simply place their unneeded after-tax Social Security into low yielding money market accounts, bank CDs, bond mutual funds, or U.S. government securities. And the low historical yields on these fixed assets are taxable as well. Or they can allocate their after-tax Social Security benefits into an annual premium for a no-lapse UL or SUL policy where the death benefit for their heirs is income tax free and the Internal Rate of Return (IRR) at life expectancy is substantially greater than current fixed financial asset yields. A Long Term Care rider on the life insurance policy can offer
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Categories: Industry News, Life Insurance, and Long-Term Care.

Transamerica: Adjustments Made to Military Sales Practice Disclosure

Sales & Marketing Special Update Adjustments Made to Military Sales Practice Disclosure Effective April 22, 2016, the following Military Disclosure form will be updated in all states and will be made available on all essential websites. With this change, a new form will replace the previous disclosure forms as listed below: Old Disclosure Form New Disclosure Form Effective 4/22/2016 DISMSP0612 DIS11541008T MIL-129 U00265 DISMSP0515   The iGO e-App will show the new disclosure form on April 23, 2016. Transition Rules There will be a 30-day transition period. The old forms will be accepted by new business, if received prior to
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Categories: Industry News, Life Insurance, and Transamerica.

Policy Conservation Email Enhancements

New Policy Conservation Event Emails Available On April 19, 2016, you will be receiving enhanced email notifications for your customers that are in a policy conservation opportunity, for example, their policy is in danger of lapsing. You should already be receiving policy conservation notifications, but this enhancement will give you more information at your fingertips without having to log into SPA to view the report. What’s new? The email will contain the Client policy number, Policy Description (Long-Term Care, Life, etc.), Client Name, Client Phone and the reason for the danger of policy lapse. What you need to do: Please
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Categories: Life Insurance, Long-Term Care, and Mutual of Omaha (& Affiliates).