At Transamerica, our commitment to service doesn’t end with just one conversation. We’re dedicated to bringing you the tools and resources to help your clients live better today and worry less about tomorrow. In this final edition of Changing the Conversation you’ll find: A link to the Wealth + Health sales toolkit website Our financial professional-facing website, New Age of Advice, for continued business-building A must-read article about remembering to take care of yourself along with your clients As you engage with clients, remember that wealth + health comes down to balance. After all, what good is one without the
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Accelerated Underwriting for TLA is Here!
Our brand new Accelerated Underwriting program uses data that can quickly be obtained to eliminate lab testing and exams for Standard, Standard Plus, Preferred and Preferred Plus applicants who qualify based on age, personal history, and face amount requirements. The Process is Easy: Submit a Speed eTicket (Drop Ticket) for Term Life Answers® ExamOne completes a phone interview with your client and obtains a voice signature or eSignature Once we have the full application in-house, we take care of the rest Basic Qualification Requirements: Products Available: Term Life Answers® (10, 15, 20 and 30 year) Application: Speed eTicket (Drop Ticket)
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Now Available: New Underwriting Guide
A new April 2018 version of the United of Omaha Life Underwriting Guidelines booklet is now available. The April 2018 version has been updated with the new Senior Assessment underwriting requirement that was announced recently. As a reminder, the new Senior Assessment requirement, which will assess a client’s cognitive ability, memory functions, mobility testing and ability to perform Activities of Daily Living, is required beginning April 1, 2018 for: Ages: 66 and over Face Amounts: $500,000 and over Products: All fully underwritten life products (IUL, GUL, AccumUL, TLA) The new underwriting guide can be ordered through your normal ordering channels,
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Anti-Money Laundering (AML) Refresher Training
As REQUIRED by federal regulation, all producers writing permanent life or annuity products are required to complete Anti-Money Laundering (AML) training on an on-going basis. All producers who completed a LIMRA Anti-Money Laundering training course prior to January 1, 2018 are required to complete the 2018 AML renewal training “The Importance of Knowing Your Customer – AML for Insurance Review”. Mutual of Omaha has contracted with LIMRA to provide anti-money laundering training at no cost to you. The renewal course will automatically be assigned through LIMRA and will take approximately 30 minutes to complete. Training must be completed by June
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Important Reminder Regarding Gerber Life’s Guaranteed Life Product Changes
Gerber Life Insurance Product Announcement Important changes to Gerber Life’s Guaranteed Life Insurance Plan went into effect December 7, 2017. These product changes include: Updated applications and marketing material New premiums As a reminder, paper applications that do not contain the 1117 revision date, must be signed and received in the home office before April 13, 2018 to obtain the old rates. Any outdated applications and/or incorrect premiums received after April 13, 2018 will be returned to the Agent. The Agent will be required to resubmit the business on the new application with the correct premium. Marketing Material:
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Reminder: Use Latest Revision of IRS Form 4506T-EZ (Rev. 7-2017)
Form 4506T-EZ is an Internal Revenue Service (IRS) document that is used to retrieve past tax transcripts on file with the IRS. The form allows the individual to send the tax transcripts to a third party, such as Transamerica. Recently, the IRS updated Form 4506T-EZ. Before completing the form, ensure you are using the correct version by checking the lower right corner. The latest version of the form is “Form 4506T-EZ (Rev. 7-2017).” The IRS will not accept any prior versions of the form. As a reminder, Form 4506T-EZ is required for all Transamerica life products that have face amounts
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New Senior Assessment Underwriting Requirement
Effective April 1, 2018, a Senior Assessment will be required in certain age/face parameters on fully underwritten life products. It will be completed at the time of the paramedical examination. This testing will assess a client’s cognitive ability, memory functions, mobility testing and ability to perform Activities of Daily Living. What you need to know: Ages: 66 and over Face Amounts: $500,000 and over Products: All fully underwritten life products (IUL, GUL, AccumUL, TLA) This change impacts all applications signed on or after April 1, 2018. If you have any questions, please contact your Mutual of Omaha Account Executive or
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Help Build Your Business with Wealth + Health
HELP DRIVE YOUR BUSINESS Client satisfaction and the success of your business often go hand in hand. Incorporating health goals into your clients’ financial strategy can help build trust and loyalty. Set yourself apart from the competition by providing a holistic view of your clients’ well-being. This week in Changing the Conversation, you’ll find: The top 5 ways wealth + health can improve your business Ideas for hosting events that will get clients talking 12 financial steps your clients can make now Put these resources to work and demonstrate your value to clients. BUILD THE FUTURE Help Build Your
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Secure Email with Gerber Life is Coming Soon
Secure Email with Gerber Life is Coming Soon Starting 3/22/18, Gerber Life will offer the ability to register for secure email through our Agent Portal. Secure Email is designed to pass confidential information only; for all other communications to Gerber Life, please continue to use current processes. To request access, log into your Agent Portal and click on the “Secure Email” tab and follow the instructions. If you have questions, please feel free to call Gerber Life’s Agency Support team at: 1-800-428-4947. Secure Email with Gerber Life is Coming Soon #goldencareagent #gerber
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Transamerica Final Expense New Business Phone Lines
The Final Expense New Business phone lines will be closed each Wednesday from 3/14/18 until 4/11/18 from noon to close central time. We will be focusing our staff on processing and placing policies. If you have an immediate need, please email Transamerica at FinalExpenseNewBus@Transamerica.com. Transamerica Final Expense New Business Phone Lines #goldencareagent #transamerica
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