Mutual of Omaha LTC Issue Age Restriction Lifted in Additional States

Mutual of Omaha LTC Issue Age Restriction Lifted in Additional States Mutual of Omaha is pleased to announce we are lifting restrictions for LTC applications age 65 and over in additional states effective July 6, 2020.  Please refer to the Frequently Asked Questions document for a current list of all states and effective dates.  Connecticut District of Columbia Illinois Massachusetts Michigan New Jersey New York Rhode Island We continue to evaluate lifting issue age restrictions for additional states. Until then, all states not identified must follow the guidelines and processes outlined in our temporary underwriting guideline communication. Reminder: Underwriters will
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Categories: COVID-19, GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Good News | Mutual of Omaha Can Make Your Summer a Little Cooler

  Mutual of Omaha Can Make Your Summer A Little Cooler Try our Critical AdvantageSM portfolio this summer and Mutual of Omaha will treat you to something cool! July 1 through August 31 — Earn Cash for Critical Advantage Apps! Critical Illness | Cancer | Heart Attack & Stroke Send us two or more Critical Advantage applications and you can earn an extra $150 to $500 in cool cash this summer! So, what are you waiting for? This is one delicious deal! Click Here for details   Questions? Call our Marketing Team at 800-842-7799! Don’t forget to subscribe to our
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Categories: GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

You’re Invited – July 8th Thrivent Long-TermCare Insurance!

Special guest, Craig Roers from Thrivent will share why this product is one of the most exciting offerings he’s seen in his 22 years focusing on Long-Term Care. Wed, July 8, 2020 2-2:45 p.m. CDT   Questions or help registering? Call the GoldenCare Marketing Team at 800-842-7799! Don’t forget to subscribe to our News Digest for all the latest announcements from the Top Carriers! Check out GoldenCare News  
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Categories: GoldenCare News, Industry News, Long-Term Care, and Thrivent.

“Long Term Care Insurance — Act Now!”

“Long Term Care Insurance — Act Now!,” by Terry Savage, TerrySavage.com Quote: “One of the most tragic aspects of the coronavirus pandemic is that as of June 3, 42% of all COVID-19 deaths in the U.S. have come from nursing homes or assisted-living facilities. The statistics reinforce every senior’s desire to remain at home in his or her final years, which is only possible if you have the resources to afford this very expensive home health care — or if you have long-term care (LTC) insurance. Otherwise, state Medicaid programs provide care for the impoverished, though mostly in institutions. Perhaps
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Categories: Clippings, COVID-19, Industry News, and Long-Term Care.

“Genworth Says Would-Be Buyer Is Having Trouble Closing on Financing”

“Genworth Says Would-Be Buyer Is Having Trouble Closing on Financing,” by Allison Bell, ThinkAdvisor   Quote: “Genworth Financial Inc. says China Oceanwide Holdings Group Co. Ltd. of Beijing is having trouble nailing down the financing it needs to pay to acquire Genworth. … Genworth and China Oceanwide said they will push the deal completion deadline back to Sept. 30, from June 30. … ‘We have overcome many hurdles during the past three and half years and continue to persevere because of the future value of Genworth to our vision of pursuing the significant opportunities for long term care (LTC) insurance
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Categories: Clippings, Industry News, and Long-Term Care.

“CNA to Offer Some LTCI Insureds Free Concierge Services”

“CNA to Offer Some LTCI Insureds Free Concierge Services,” by Allison Bell, ThinkAdvisor Quote: “CNA is trying to keep its long-term care insurance (LTCI) insureds in their homes longer by offering some free advice on community resources. … Live humans at The Helper Bees, the company running the program, will give the insureds personalized advice about what their situation is and what kinds of services they need. … CNA no longer sells LTCI coverage, but it was once a major LTCI issuer, and it continues to provide LTCI coverage for many longtime policyholders.” LTC Comment (from Stephen A. Moses, President,
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Categories: Clippings, Industry News, and Long-Term Care.

“Sin Taxes’ Could Help States in Pandemic Budget Slump (at Least a Little Bit)”

“‘Sin Taxes’ Could Help States in Pandemic Budget Slump (at Least a Little Bit),” by Elaine S. Povich, Quote: “Gas tax revenue plummeted this spring, income taxes won’t rebound anytime soon and some states are offering a property tax holiday because people can’t pay during the pandemic. But so-called sin taxes are rolling in as liquor stores boom, marijuana sales continue, vapers vape and smokers smoke. …Taxes on those items often are more politically palatable because they generally affect a smaller portion of the population and the purchases are seen more as a choice than a necessity.” LTC Comment (from
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Categories: Clippings, COVID-19, Industry News, and Long-Term Care.

“Long-term care facilities as a risk factor in death from COVID-19”

“Long-term care facilities as a risk factor in death from COVID-19,” by Neil Gandal, Matan Yonas, Michal Feldman, Ady Pauzner, and Avraham Tabbach, Vox Quote: “COVID-19 deaths rates vary widely across European countries, from as low as 5 deaths per million in Slovakia to as high as 760 deaths per million in Belgium (as of May 13). Using data on 32 countries from the WHO European Health Information Gateway, this column shows that the COVID -19 death rate is higher in countries with more long-term care beds. This provides evidence that living in long-term care facilities is a significant risk factor
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Categories: Clippings, COVID-19, Industry News, and Long-Term Care.

Independence Day Office Closing 2020

Mutual of Omaha and its affiliates (United of Omaha and United World) will be closed on Friday, July 3rd for Independence Day. Below are the cut-off dates and times and the adjusted pay schedules. Holiday Pay Calculation Schedule Med Supp E-App & All Life Cutoff 3:00 PM Health Cutoff 3:00 PM Long Term Care Cutoff 3:00 PM Direct Deposit (EFT) Available Independence Day, Friday 7/3/2020 Tuesday, 6/30/2020 Tuesday, 6/30/2020 Monday, 6/29/2020 Monday, 6/29/2020 Friday, 7/3/2020 Weekly and holiday pay schedules are also available on the Sales Professional Access (SPA) website. If you have any questions, please contact your Sales Director
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Categories: Accident Insurance, Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Case Study: Why Clients Get Issued “Other Than Applied”

Camila, a 63-year-old woman in Arizona, applied for MutualCare® Custom Solution. She was quoted Select; however, after underwriting review, a Class I rate was offered. How did this happen? During the application process, Camila hadn’t told her agent about a stroke she had 3 years ago, and it was discovered when the underwriter reviewed her medical records. This stroke history changed Camila’s rate class, and upon discovery the underwriter emailed the agent regarding the rate class change and encouraged the agent to call and discuss options with the client. The agent discussed the rate class change with the client and
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).