This week’s tip is to make sure not to move too quickly through the client information screens for Living Promise e-Applications. Take your time and make sure you are entering all of your client’s personal information correctly. This includes name, address, date of birth and Social Security Number. When your client’s data is entered completely and correctly the tool can run the most efficiently and provide you with the best underwriting decision. If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com. Automated Underwriting Update #goldencareagent #mutualofomaha
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Our Term Upsell Program Gives You New Opportunities
Oftentimes, clients will select their term coverage level based on their budget, even if they may actually have a need for more coverage. If you have a client who gets approved better than applied for, this is the perfect time to use the Term Life Answers Upsell Program since they can potentially get more coverage and still be within their budget. Agents who are consistently talking to their client about the upsell offer have found great success. Since we started offering the upsell opportunities, we’ve had a 15 percent acceptance rate with the average increase being just over $275,000 per
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Help Your IUL Clients Prepare for Their Annual Statements
An important part of selling an IUL policy is helping your clients prepare for what to expect when they receive their annual statement. Preparing your clients in advance will hopefully result in fewer unanswered questions when they reach their policy anniversary. We have provided the answers to a few of the questions clients typically have on their first annual statement. If the index increased, why am I not seeing any index interest credits? For life insurance policies, annual statements must be created the day prior to the anniversary date. On an IUL, index interest is not credited until the segment
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For your older clients — life insurance with guaranteed acceptance
Gerber Life Guaranteed Life At Gerber Life, our Guaranteed Life insurance policy makes providing peace of mind to families simple. It enables your clients to obtain up to $25,0001 in coverage to pay their final expenses — and it comes with an added advantage. Acceptance is guaranteed, regardless of health. WHY YOUR CLIENTS SHOULD CONSIDER COVERING FINAL EXPENSES WITH GERBER LIFE As a reminder, we created Gerber Life’s Guaranteed Life for clients between 50 and 80 years old who are looking for insurance to cover their final expenses, whether as a late entry to life insurance, or to help offset
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A new life insurance plan that can last a lifetime for adults from Gerber Life
Consider Gerber Life’s New Permanent Whole Life Insurance Policy Options Gerber Life’s Whole Life and Simplified Senior Life policies provide permanent life insurance protection that come with guarantees,1 simplicity and an easy buying experience for your clients. Take a look at how we compare to universal life policies and you’ll see very quickly that Gerber Life’s Whole Life and Simplified Senior Life policies check all the boxes. Questions? Contact your GoldenCare Regional Director at 800-842-7799! 1 The products offer guaranteed premiums (which are guaranteed not to increase for the life of the policy), guaranteed cash value, and guaranteed benefits
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New Extended Client Phone Interview Hours
At Mutual of Omaha, we always want to make it easy to do business with us. That’s why thanks to the success of Automated Underwriting for Living Promise e-Applications, we were able to reallocate resources and extend our underwriting client phone interview operating hours. The Client Interview team supports health history interviews for Life Express, Fully Underwritten Life, Priority Income Protection, Critical Advantage, and Fully Underwritten Disability Income products. (This team does not support the DI Tele-App process). Effective Monday, March 4, 2019 our client interview team, (800) 775-3000, will be open 1-hour longer Monday-Thursday and be open on Saturdays.
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Mobile Quotes Update
On March 1, 2019, we will be enhancing the look of Quotes for Sales Professionals, our mobile quoting tool. You can expect the same easy-to-use app, but with a fresh new look. The first time you open the app after the install on March 1, a message will pop up notifying you that a new update is available. The updated mobile app will only be compatible with the following operating systems: iPhone® – 10.0 and higher Android™ – 5.0 and higher Don’t have the new app? The Quotes for Sales Professionals mobile app is free and available on the Apple
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Automated Underwriting Update
In November we launched Automated Underwriting for Living Promise e-Applications – our instant decision tool. Overall we have been very pleased with the deployment of the tool and have seen increased usage of our e-Application. Since January 6th, 952 applications have been submitted. Of those applications, 63% were instantly approved and 72% of the referred cases were approved after review. As with any new system, there are opportunities for improvements. We appreciate your constructive feedback and are working on enhancements to the system. We’d like to provide you with an update on some of the recent enhancements/fixes and tips to
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Expansion of Underwriting Client Interview Hours
We are happy to announce that effective Monday, March 4th, we are expanding our client interview hours. We are staying open an hour later during the week and adding Saturday hours! The Client Interview team supports health history interviews for the Life Express, Fully Underwritten Life, Priority Income Protection, Critical Advantage, and Fully Underwritten Disability Income products. (This team does not support the DI Tele-App process). Current operating times — Central time: Monday – Thursday: 8 a.m. – 7 p.m. Friday: 8 a.m. – 5 p.m. New operating times — Central time: Monday – Thursday: 8 a.m. – 8
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Get an Underwriting Decision – Day or Night
Automated Underwriting for Living Promise e-Applications offers an instant decision while you’re with your client. In fact, during the past couple of weeks, 65% of applications submitted were instantly approved and 77% of the referred cases were approved after review. One of the best features? You can get an underwriting decision that fits with you and your clients’ schedule. New to the Automated Underwriting process? Find out how to complete the e-App. If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or e-mail sales.support@mutualofomaha.com. Get an Underwriting Decision – Day or Night
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