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).

Have You Tried the IUL Look-Back Calculator?

When your clients are purchasing the new Income Advantage IUL, their policy will build cash value based on the performance of the S&P 500. Our new Indexed Universal Life Calculator provides clients with information that can help them assess the indexed interest rate potential for an allocation of each of the S&P 500 crediting options. The report includes: How often the indexed interest would have been less than or equal to the annual floor, greater than or equal to 3 percent, greater than or equal to a sample rate, and greater than or equal to the cap rate based on
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Categories: Life Insurance and Mutual of Omaha (& Affiliates).

Beneficiaries in South Carolina

On January 1, 2014, Act 100 became effective in South Carolina. It provides that in the event of a divorce or annulment, a former spouse, who was earlier listed as the beneficiary to a life insurance policy, would not receive the proceeds of the policy, unless the life insurance policy, a court order, or a marital settlement contract expressly provides for the former spouse to continue as the beneficiary. This provision was enacted as 2013 S.C. Act No. 100. To view the law please use internet address www.scstatehouse.gov/code/t62c002.php to view Section 62-2-507 of the South Carolina Code. Beneficiaries in South
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Categories: Life Insurance.

WinFlex Remains Available for Conversion Illustrations

Use WinFlex to Produce Your Conversion Illustrations WinFlex remains available for Genworth’s conversion products Life Ready℠ UL II Conversion and Life Ready℠ UL II NY Conversion, giving you and your agents a convenient and timely way to run your conversion illustrations. If you or your producers do not currently have access to WinFlex Web, this Bulletin provides some helpful information for gaining access. How to obtain access to WinFlex Web? Register at www.winflexweb.com. Click the “Register Now” link on the left hand navigation bar under New Visitor. Note: Step 2 of the registration process asks the user to select his
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Categories: Genworth and Life Insurance.