TRADEMARK USAGE FOR GERBER LIFE INSURANCE AND BABY LOGO As you know, Gerber Life Insurance Company was acquired by Western & Southern Financial Group, effective December 31, 2018. As part of the acquisition, Western & Southern entered into a formal trademark license agreement with Société des Produits Nestlé S.A. and Gerber Products Company for the right to use the name Gerber Life and the iconic Gerber baby logo. As stated in your Agent Agreement and the Compliance Manual, you must obtain prior permission and consent from Gerber Life Insurance Company on any materials you might create that contain the Gerber
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The New LTC Rider is Now Approved in Montana
On February 1, agents selling in Montana will now have an additional option to help meet clients’ long-term care planning needs. The new Long-Term Care Rider will be available for you on our Income Advantage and Life Protection Advantage Indexed Universal Life (IUL) insurance policies. The LTC Rider provides: Benefits for Nursing Home, Assisted Living, Home Health Care and Adult Day Care Maximum total benefits up to 100% of the initial specified death benefit 1%, 2% or 4% monthly acceleration percentages One-time, 90 calendar-day elimination period Automatic issue of the Chronic Illness Rider if the client doesn’t qualify for the
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IUL Performance in the Current Markets
We always like to see clients’ policies being credited at their cap rates; however, in a down market we also like to see that your clients are protected. Down markets are often where the value proposition of an IUL product is truly revealed – they show how your client can not only experience upside potential, but also have downside protection. Our client-approved historical performance flyers for Income Advantage IUL and Life Protection Advantage IUL show how clients have received credits when the S&P 500 has been up (equivalent to the cap rate in most months), and now based on December
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IUL Max Illustrated Rate Change
Effective February 1, 2019, the IUL maximum illustrated rates in WinFlex Web will increase as follows: Income Advantage IUL: 100% Participation Rate with 11.50% Cap: Increasing from 6.76% to 6.80% 140% Participation Rate with 8.50% Cap: Increasing from 5.59% to 5.62% 65% Participation Rate with No Cap: Increasing from 6.76% to 6.80% Life Protection Advantage IUL: 100% Participation Rate with 9.50% Cap: Increasing from 5.85% to 5.89% 140% Participation Rate with 7.50% Cap: Increasing from 5.00% to 5.02% 55% Participation Rate with No Cap: Increasing from 5.85% to 5.89% Please note, only the maximum illustrated rate is changing. The IUL
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Enhancements to the New Amazon Connect Phone System
In late November, we announced our new implementation of our Amazon Connect phone system for Life and Health Service and Claims. The Call Experience visual depicts the new experience. Our producers and customers are very important to us, and we sincerely appreciate the feedback you have provided throughout the transition to our new phone system. We continue to make improvements based on your feedback and are working to correct issues as they arise. We are also reallocating resources and hiring additional associates in some areas to improve wait times. We are confident that as we work to smooth out the
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Our LTC Rider Helps Clients Maximize Their Benefits
When the need for long-term care arises, your clients’ primary concerns will be protecting their assets and preserving their independence. Our LTC Rider on Income Advantage IUL and Life Protection Advantage IUL helps your clients to do just that. We offer benefit payment options of 1%, 2% and even as high as 4% on face amounts up to $1.25 million. This allows your clients to purchase up to $50,000 in monthly LTC Rider benefits. And what’s even better, your clients are protected by a company with a proven track record. Mutual of Omaha has offered traditional LTCi for over 30
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Chronic Illness Rider Materials Updated
We offer Accelerated Death Benefits for Terminal Illness and Chronic Illness which give clients an option to access a portion of their death benefit early. This money can provide a little more comfort during a difficult time or can be used to help cover the costs of long-term care. For the Chronic Illness Rider, the benefit amount is capped each year by the IRS per diem limit. For 2019, this limit has increased to $370 per day (or $135,050 for the year). The following materials have been updated to reflect the extension of the per diem limit into 2018: Accelerated
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Accelerated Underwriting for TLA
Our Accelerated Underwriting program for Term Life Answers is easy. Submit a Speed eTicket (drop ticket), ExamOne contacts the client — we take care of the rest. The best part? We’ll provide an underwriting decision in 48-72 hours! Click here to find out which of your clients could qualify for Accelerated Underwriting. If you have questions, please contact your Mutual of Omaha Account Executive or Sales Director. Accelerated Underwriting for TLA #goldencareagent #mutualofomaha > Related: Accelerated Underwriting for TLA is Here! Coming Soon: Accelerated Underwriting for TLA
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LTC Rider Brochure Now Available in Florida
On November 1, we announced the Florida approval of the new LTC Rider on Income Advantage IUL and Life Protection Advantage IUL. At that time, we were still awaiting approval in Florida on the LTC Rider client brochure. This brochure has now been approved and a state specific version is available for agents selling in the state of Florida. This new brochure helps provide your client with detailed information on the features and benefits of the rider. For even more information on the LTC Rider, including sales ideas and videos, go to MutualofOmaha.com/ltc-rider. LTC Rider Brochure Now Available
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Did You Hear the News?
The Life Product Review has awarded the WYSIWYG Award to both of our IUL products – Income Advantage and Life Protection Advantage. This is an award that Mutual of Omaha is honored to receive, as it aligns with our IUL philosophy. In the industry, IUL products have become extremely complex. We encourage you to ask yourself ‘Are these complex products really what is best for my clients?’ At Mutual of Omaha, we believe there is value in having straightforward IUL products where clients have upside potential and downside protection without all the complexity that you will find in many
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