Introducing WellabeTM: Coming June 2023 On June 26, 2023, Great Western Insurance Company (GWIC®) will unify under our new brand, Wellabe. The name Wellabe comes from the phrase, “We’ll always be” and is an extension of our promise to always be here, helping people prepare for tomorrow so they can live better today. The story behind Wellabe While our brand is changing, we’ll continue to operate as we always have. You can count on having the same: Level of support from people you know and trust Products and services Contracts and commissions Policies, premiums, and quality coverage We’ll update
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Updates to Covid-19 Underwriting Guidelines
Mutual of Omaha continues to closely monitor our new business and underwriting practices to ensure we create efficiencies and improvements when making business decisions regarding our underwriting guidelines. We are happy to announce the following changes to our COVID guidelines for Fully Underwritten Life, effective March 1, 2023. Acceptance Guidelines Based on Insured’s Issue Age: We are now accepting applications for clients through age 74 and up to table 8, an increase from the prior Table 6 limit Ages 75-79 remain capped at Table 6 Ages 80+ continue to be postponed Clients with a Positive COVID Test A Statement of
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COVID-19, Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
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New Simplified Issue Product Updates
We are excited to announce maximum issue age increases to both our IUL Express and Term Life Express Non-ROP (10T) products that will be effective March 1, 2023! These enhancements will position our Simplified Issue product options to be available in more sales scenarios and will serve a wider range of clients. Below are some of the key updates you will need to know: IUL Express Maximum issue ages for both Tobacco and Non-Tobacco ratings will increase to age 75 Currently Non-Tobacco is age 70 and Tobacco is age 65 Maximum face amount for ages 71-75 will remain $150,000 Term
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Flexibility of the Guaranteed Refund Option Rider
The flexibility of our Income Advantage IUL and Life Protection Advantage IUL can benefit your business clients with the Guaranteed Refund Option rider. This no-cost rider can help provide them with cash surrender options when planning for the future of their company, whether they are planning for: Key Person insurance Cross-Purchase Buy-Sell Arrangement Business Succession Planning These are just a few scenarios that may help business clients who need the flexibility of IULs from United of Omaha. If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com. Flexibility of
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Living Promise Provides Affordable Protection
Living Promise Whole Life Insurance may help provide affordable protection that pays benefits directly to the person clients choose to take care of their outstanding medical bills, unexpected expenses or debt they may leave behind. Learn more about Living Promise and help protect your clients and their families today. Living Promise Provides Affordable Protection #goldencareagent #mutualofomaha
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Important Reminders for Life Application Illustration Requirements
Many of our life insurance products require illustrations with the application for insurance. Underwriting and New Business want to reduce confusion and provide clarity on what is required for revised illustrations. When a Life product requires an illustration, the illustration must match how the policy is issued. When changes are made after the application is submitted, a newly signed illustration marked as revised is required to meet compliance standards. This can be accomplished one of two ways: Any time you create an illustration after the application has been submitted, make sure the “Revised” indicator on the policy options tab is
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Selling Final Expense is all in the details
Coach clients through Final Expense insurance details Explaining Final Expense insurance to clients can be a daunting task. But you know how important it is to have life insurance — and how Great Western Insurance Company’s (GWIC®) Final Expense insurance can save a loved one’s savings. Try these tips to explain just how Final Expense insurance works.
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SecureCare III repriced in Florida
SecureCare III is up to the challenge Effective February 13, 2023, rates for SecureCare™ III, a long-term care (LTC) and nonparticipating whole life insurance policy, were decreased by 25 percent across all case scenarios in Florida. All pending applications that have an effective date on or after February 13, 2023 will automatically be eligible for and receive the new pricing. This will result in a face amount that is higher than originally illustrated. You take pride in offering your clients the best LTC solution — we think you’ll find it with SecureCare III. SecureCare III offers: Competitive pricing and robust
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Help Clients Ease the Financial Burden with Living Promise
Our Living Promise Whole Life Insurance offers simplified underwriting and level and graded benefit plans for seniors to help cover final and other expenses. Whole life insurance can help your clients ease the financial burden associated with outstanding medical bills, debt and final expenses. A Living Promise Whole Life policy offers: Level and graded benefit plans for ages 45-85 Affordable rates that never increase Simplified underwriting for face amounts of $2,000-$40,000 Quick policy issue Accelerated Death Benefits for Terminal Illness or Nursing Home Confinement Learn more about Living Promise Whole Life Insurance in the Product and Underwriting Guide. Help
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GWIC’s CASH CLIMB Incentive
CASH CLIMB INCENTIVE Get rewarded for selling more first-day coverage and graded benefit plans Get your footing and start your climb with this limited-time opportunity to earn cash and prizes while selling Great Western Insurance Company (GWIC®) Final Expense products. With GWIC’s Cash Climb incentive, the more you sell, the higher you climb, and the bigger the reward. Incentive details From Jan. 1, 2023, through June 30, 2023, achieve a taken rate1 of 65% or higher with at least 40% of business issued as first-day coverage or graded benefit (Great Assurance® or Graded Benefit) policies. Earn cash and other prizes
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