On January 1, agents selling in Indiana 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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Quote Term Life Answers Today!
In addition to the new Term Life Answers rates we still provide strong conversion privileges. Our liberal conversion privileges help your clients get more out of their term policy and give them options for the future Convert to any permanent life insurance policy offered by United of Omaha at the time – no health questions asked Clients can convert: any time before age 75 on a 10-, 15-, or 20- year policy (even if the original term has expired) OR during the first 20 years for a 30-year policy Click here to learn more about our recent TLA reprice. New
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Continuous Improvements to 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. Overall, we have been pleased with the deployment of the new phone system and have received positive feedback. As with any change, we have also received constructive feedback. One of the major benefits of the Amazon Connect phone system is that we are able to quickly adjust the system and correct issues as they arise. Call Routing Improvements: The new system is designed to help facilitate our new operating model. Today
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New Email Notifications for Clients on Direct Bill
Beginning Thursday, December 13th, we will begin sending email notifications when a renewal premium is due for individual life and individual health customers on direct bill. There are three separate emails the customer may receive when the premium is due: An email notification 10 days prior to the premium due date. A reminder email notification 10 days after the premium due date. This reminder will only be sent if the payment has not been received. A final ‘Act Now’ email notification will be sent 5 days prior to the grace period ending. This final notification will only be sent if
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TLA is Right Up Your Alley
In addition to the new Term Life Answers rates we still offer some of the most competitive Accelerated Death Benefits in the industry. Our Accelerated Death Benefit for Terminal Illness offers one of the highest payout amounts in the industry If your client is diagnosed with a terminal illness, they can access up to 80% of the death benefit or $1 million, whichever is less Most competitors cap their benefit at $250,000 while ours goes up to $1 million Click here to learn more about our recent TLA reprice. New to TLA? Watch this short training video to learn the
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Our IUL Comes with a Guaranteed Refund Option
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 clients with an additional layer of protection – especially in an unpredictable market. Our IUL Comes with a Guaranteed Refund Option #goldencareagent #mutualofomaha
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REMINDER: Omaha 2018 Holiday Closings and End-of-Year Pay Dates
Mutual of Omaha and its affiliates (United of Omaha, Companion Life Insurance Company, and United World) will be closed on the following days: Christmas Eve: Monday, December 24, 2018 Christmas Day: Tuesday, December 25, 2018 New Year’s Eve: Monday, December 31, 2018 New Year’s Day: Tuesday, January 1, 2019 From everyone at Mutual of Omaha, we wish you happy holidays and safe travels! The past pay cutoff in 2018 is December 28 for Life and December 27 for Health. This is the last pay cycle to be paid in 2018. Holiday Date Holiday Observed Life Cutoff (New issues &
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Right Up Your Alley: New Term Life Answers Rates
Effective December 1, 2018, we knocked down our Term Life Answers rates AND reduced our monthly modal factor to .086 – saving your clients money on their monthly premium payments. Here’s where you can score big: 10-year Term, Preferred Plus and Preferred Nontobacco Ages 45-60 Face amounts of $250,000, $500,000 and $1,000,000 Male and Female Plus, we still have some of the most competitive features in the industry: Top Accelerated Death Benefit for Terminal Illness rider features up to $1,000,000 No-cost Waiver of Premium for Unemployment rider Leading conversion opportunities prior to age 75 Competitive Fit underwriting credits to keep
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Common Questions on Automated Underwriting
On November 17, we launched Automated Underwriting, our new ‘instant decision’ tool for Living Promise e-Applications. There are a few common questions being asked, so we thought we’d clarify a few things for you. After I start the HIPAA signature process, why can’t I change the client’s personal information? Part of the security protocol for the e-signature is to ensure all fields are locked and cannot be changed. This includes the client information input in the “Personal Information” and “Insurance History” questions. It is important to make sure all information is accurate before moving to the next screen. Why can’t
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IUL Historical Performance Flyers: Available on SPA
At Mutual of Omaha, our goal is to be as transparent as possible in our IUL renewal rate setting process. That’s why we continue to provide you with our historical index interest rates, as well as our renewal participation rates and caps in our Income Advantage Historical Rates Flyer and our Life Protection Advantage Historical Rates Flyer. These flyers are updated monthly and can be found on the Sales Professional Access website. Just go to the Indexed UL product page and you will find a link to the flyers within the product details columns. For even more information on our
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