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in to your Sales Professional Access (SPA) account to review and, if needed, to update your addresses and any other outdated personal information.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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Coming Soon: Updated Living Promise e-App
On October 28, 2017, we are updating our Living Promise e-Application to a new version with updated features, making it easier for you to conduct business. Coming Soon to the Living Promise e-App Consolidated Screens – Fewer screens with a cleaner design Address Prefill – Begin typing in your client’s address and prefill options will populate for you to choose from Touch-to-Sign – Your clients will have the ability to sign using a stylus or their fingertip Important Reminders To avoid delays in policy issue, please submit your current e-Apps (all signatures completed) by October 28, 2017. If you
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Transamerica: Updated Underwriting Guidelines
We’ve made available updated underwriting guidelines to include premium to income guidelines intended to provide a general formula to help you calculate suggested maximum amounts of life insurance that should meet the needs of your clients. View the new guidelines now or you can access the guidelines through your agent portal. If you have any questions, don’t hesitate to contact your sales desk. Thank you for trusting Transamerica to protect your valued clients. Updated Underwriting Guidelines #goldencareagent #transamerica
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NGL: New Indiana Final Expense Trust, Maximum Allowable Values Clarified
NGL Final Expense Trust in Indiana Effective immediately, a new state-specific trust, the NGL Final Expense Trust, has been implemented as a replacement for the Funeral Expense Trust in Indiana. A new state-specific trust form is now available for use with the Final Expense Trust. While Funeral Expense Trust forms in Indiana will still be accepted until November 1, 2017, please begin to use the new Final Expense Trust form immediately. By choosing to use the old form, you run the risk of jeopardizing your client’s eligibility to qualify for Medicaid. Clients can irrevocably assign ownership of their Indiana policies
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Coming Soon: New Living Promise e-Application Design
We are are updating our Living Promise e-Application to a new version with updated features, making it easier for you to conduct business. Coming Soon to the Living Promise e-App Consolidated Screens – Fewer screens with a cleaner design Address Prefill – Begin typing in your client’s address and prefill options will populate for you to choose from Touch-to-Sign – Your clients will have the ability to sign using a stylus or their fingertip Important Reminders To avoid delays in policy issue, please submit your current e-Apps (all signatures completed) by October 21, 2017. If you have any questions,
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