There are many important reasons to buy life insurance for a child, including: To cover the costs associated with an unexpected loss, AND To help protect a child’s future insurability Here’s a look at how affordable coverage can be: Use our Children’s Whole Life Insurance tri-fold brochure to talk with parents and grandparents about why it’s important to purchase life insurance on a child, as well as how easy it is to apply for. This brochure can be ordered through your normal supply channels.   Help Protect Your Littlest Clients   #goldencareagent #mutualofomaha
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Our new LTC Rider on Income Advantage IUL and Life Protection Advantage IUL follows what is known as a reimbursement rider model. Many other companies use an indemnity model. Knowing the difference is important. Here’s a basic definition: Indemnity – Policyowner can take rider benefits up to the maximum monthly benefit limit regardless of the actual expenses incurred. Reimbursement – Policyowner is reimbursed based on actual expenses incurred by the insured, up to the maximum monthly benefit limit. At first glance based on the definitions alone, an indemnity rider may seem like the obvious choice, that your client has access
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Some insurance companies offer LTC policies based on a daily benefit amount. Mutual of Omaha’s policies are based on a monthly benefit. A daily benefit has a per day maximum which means your clients are reimbursed up to a set amount for each day. If the cost of the service is over this amount your client will have to pay the balance. With a monthly benefit, your clients are reimbursed for the actual costs of the services received each day up to the maximum monthly benefit – regardless of daily costs that may vary throughout the month. While both policies
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Your client’s life insurance needs change. Shouldn’t their coverage change with them? Our strong conversion privileges give them options. Take a look at our new Strong Conversion Privileges flyer to learn: How the liberal conversion privileges on Term Life Answers work The flexibility these privileges can offer your clients For even more information on Term Life Answers, visit our Sales Professional Access producer site.   Help Clients Plan for the Future with Strong Conversion Privileges   #goldencareagent #mutualofomaha
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In April, we announced that a Senior Assessment would be required for all fully-underwritten life insurance policies when the client was age 66 and over and was applying for a face amount of $500,000 and above. Beginning August 1, 2018, we have revised this requirement. The Senior Assessment will only be needed for clients ages 66 to 70 with coverage amounts of $500,000 to $1 million when the client is applying for the Long-Term Care Rider. The Senior Assessment will be completed at the time of the paramedical examination. Since the paramedical companies will not know if an LTC rider
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New July 2018 versions of the Product Portfolio and Underwriting Guidelines booklets are available for ordering. The July 2018 versions have been updated with: The new Long-Term Care Rider — This new rider has been added to our Income Advantage IUL and Life Protection Advantage IUL products. It is designed to give clients an additional option to help prepare for their long-term care planning needs. The product portfolio and life underwriting guide have been updated to include the availability of the rider; however, it’s important to note that complete information on the LTC Rider can be found in our LTC
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