DOL Form Revised, Immediate Use Required NGL has simplified the required Department of Labor (DOL) Source of Funds Disclosure and Acknowledgement form (4100-PTE 84-24 10/17). Use of the form is required immediately. The newly revised form: Has been scaled back to align with industry standards; Is still required to be completed with your client when tax-qualified funds are used to purchase a life insurance policy or annuity; Still should NOT be submitted with new business paperwork. It is to stay with your records for six years; and, Is required to be used immediately. This newly revised form (4100-PTE 84-24 10/17)
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New Sentinel Website
It’s a new dawn, it’s a new day, it’s a NEW WEBSITE… for you! We are revamping our website to better serve our agents and clients and we are excited to share a sneak peak of the beta version with you! Click on the link below to view our beta website, and please take a few minutes to give us any feedback on how we can improve. Sentinel’s Beta Website #goldencareagent #sentinel
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TLE Portfolio Updates Approved in OR
On October 1, 2017, we updated our Term Life Express portfolio with approvals in all states, except Oregon. Oregon has now approved the portfolio updates, making the changes below approved in all states. Pricing Change Information You will see a 5% reduction in female rates and a 10% reduction in male rates for TLE 10T premiums. Portfolio Change Information We have removed the 20T/5 and 30T/5 short guarantee products. State Approvals Approved in all states. Software and Marketing Materials Updates All marketing materials have been updated and are available to order through Sales Professional Access (SPA) or your normal ordering
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Advanced Markets Minute: The Tax-Advantaged Retirement Income Plan
Most business owners would like to provide a retirement benefit to their employees, but many times they worry about the administration requirements, the contribution limits, the plan costs and the ongoing responsibility of starting a retirement plan. What if you could provide a solution that allowed your client to provide a tax advantaged income stream in retirement for their employees, with little to no administrative requirements, the flexibility to choose which employees will participate, along with when and how much will be contributed to the plan? Do you think your business owner clients would be interested in offering a benefit
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Our Term Upsell Program Gives You New Opportunities
Oftentimes, clients will select their term coverage level based on their budget, even if they may actually have a need for more coverage. If you have a client who gets approved better than applied for, this is the perfect time to use the Term Life Answers Upsell Program since they can potentially get more coverage and still be within their budget. Agents who are consistently talking to their client about the upsell offer have found great success. Since we started offering the upsell opportunities earlier this year, we’ve had a 15 percent acceptance rate with the average increase being just
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Stay Up to Date on Compensation Schedules
With year-end just around the corner, we want to remind you to validate that your correct address(es) are available on our systems. Please sign in to your Sales Professional Access (SPA) account to review and, if needed, to update your addresses and any other outdated personal information. It is especially important that your home address is updated as soon as possible as we use your home address when mailing your 1099-Misc form in early 2018. Throughout the year, we also use the email or physical address on your account to send out communications regarding Compensation Schedule changes, including commission rate
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End-of-Year Pay Schedule
Mutual of Omaha and its affiliates (United of Omaha, Companion Life Insurance Company, and United World) will be closed on the following days: Thursday, November 23, 2017 and Friday, November 24, 2017 for the Thanksgiving Holiday Monday, December 25, 2017 for the Christmas Holiday Monday, January 1, 2018 for the New Year’s Day Holiday See the grid below for the last pay cutoffs in 2017: Holiday Date Holiday Observed Life Cutoff (New issues & renewals) Health Cutoff (New issues) Health Cutoff (Renewal payments) Long Term Care Cutoff (New issues & renewals) Thanksgiving Thursday 11/23/2017 Friday 11/24/2017 Monday 11/20/2017 Friday 11/17/2017
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Protection, Growth and Simplicity – All in One IUL Policy
No doubt you have clients and prospects who need life insurance protection. Many people interested in life insurance also want the potential to grow-tax-deferred cash values they can access later for things like retirement, college tuition or emergencies. Our Income Advantage Indexed Universal Life Insurance is an attractive solution to cover those needs. What sets Income Advantage apart is its simplicity of design. At United of Omaha, we do not believe that you need fancy (and oftentimes confusing) crediting strategies in order to offer your clients upside potential. By using only one index and a straightforward, annual point-to-point crediting method,
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Learn How Our Accelerated Benefits Can Provide Value for Your Clients
At United of Omaha, we offer Accelerated Benefits for Terminal Illness and Chronic Illness, which gives your clients an option to access a portion of their death benefit early. This money can provide clients with a little more comfort during a difficult time or can be used to help cover the costs of long-term care. Watch our short video to learn more about these riders. Plus, our overview flyers will get you up to speed on: • How the Accelerated Death Benefit Riders work • What products the Riders are available on • What makes our Terminal Illness rider on
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Sentinel Underwriting Tip
Underwriting Tip: Breast Cancer Awareness Month FACTS: A woman is diagnosed with breast cancer every two minutes in the U.S. There are 316,120 new cases of breast cancer expected to be diagnosed in the year 2017, whereas 40,610 are expected to die. Breast cancer is the second leading cause of death among women. Each year it is estimated that over 220,000 women in the United States will be diagnosed with breast cancer and more than 40,000 will die. Although breast cancer in men is rare, an estimated 2,150 men will be diagnosed with breast cancer and approximately 410 will die
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