Mutually Invested in Long-Term Care

Together, we share a mutual investment in helping people protect their families, their finances and their futures with long-term care insurance. At Mutual of Omaha, this is something we’ve been doing for over 30 years. While some companies have exited the market, re-priced their products or shifted their focus away from traditional LTCi, we remain committed to this important product line. As a mutual company, we’re not influenced by outside interests. We make product and pricing decisions independent from others in the marketplace. While we remain committed to always acting in the best interests of our policyholders, our investment in
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Categories: Long-Term Care and Mutual of Omaha (& Affiliates).

NGL: What is the Best Way to Submit Multiple Linked Applications?

What is the best way submit multiple applications when there is one check or EFT– like when spouses submit applications at the same time, or a parent and child apply at the same time? What is the best way to ensure both applications will be processed and payments drafted at the same time? Submit both applications and payment (one single check or EFT) with ONE Application Checklist or Fax Cover Sheet. Do not send the applications separately. It is beneficial to include a brief note in the “Special Instructions” of the fax cover sheet specifying there are companion policies to
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Categories: Industry News, Long-Term Care, and National Guardian Life.

“No One Wants To Be Old’: How To Put The ‘Non-Age’ in Nonagenerian”

“‘No One Wants To Be Old’: How To Put The ‘Non-Age’ in Nonagenerian,” by Sharon Jayson, Kaiser Health News “It never hurts to have longevity in your genes and few chronic health problems, but mindset plays a role in how people age, experts say. Some older adults have been termed “superagers” for mental acuity despite their years because the typical age-related decline in brain volume is much slower. . . . Researchers find that society’s focus on youth culture and negative stereotypes about aging prompts older adults’ memory loss and stress. These days, older adults who want to dispel notions
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Categories: Industry News and Long-Term Care.

“Helping elderly gain financial security”

“Helping elderly gain financial security,” by Zhang Yue, China Daily “In old age, most people need something to rely on. For the Chinese, that’s generally been family and a State pension. Yet the central government has shown it wants the commercial endowment insurance sector to help more with ensuring the nation’s seniors are financially secure in their twilight years. The State Council unveiled an array of incentives and guidelines aimed at boosting the sector at an executive meeting presided over by Premier Li Keqiang on Wednesday. . . . The government will encourage innovation in private insurance services to create
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Categories: Industry News and Long-Term Care.

Quick Tip: Quoting with MutualCare® Solutions Software

Scenario: You’re working with a couple where the male is age 76 and the female is age 64. Both are in good health, but the premiums for the male are 75% higher than the female’s! Working to stay within a budget, how can you adjust benefit options for each applicant in order to keep the overall premiums within reason? The MutualCare® Solutions software allows a husband and wife to be quoted simultaneously, however the color of the icons do not indicate gender. These icons simply differentiate what option(s) are being quoted for each applicant. Did You Know: The MutualCare® Solutions
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Categories: GoldenCare News, Long-Term Care, and Mutual of Omaha (& Affiliates).

“White Americans’ Mortality Rates Are Rising. Something Similar Happened in Russia from 1965 to 2005,”

“White Americans’ Mortality Rates Are Rising. Something Similar Happened in Russia from 1965 to 2005,” by David A. Squires and David Blumenthal, Harvard Business Review “The similarities between the mortality rate increases in Russia and the United States are striking and troubling. First, there are similarities between the affected populations. As in the United States, the Russian phenomenon occurred exclusively among working-age adults, not children or the elderly. In addition, the excess deaths in Russia appear concentrated among the less educated, and spared those with university degrees. The same is true today of the mortality crisis among U.S. whites. Second, there
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Categories: Industry News and Long-Term Care.

“Dementia patients may die sooner if family caregivers are mentally stressed”

“Dementia patients may die sooner if family caregivers are mentally stressed,” by Yasmin Anwar, Berkeley News “From 2007 until 2016, UC Berkeley researchers tracked the mortality of 176 patients with neurodegenerative diseases that are corrosive to brain function. They also measured the mental health of the family members who took care of them. Their findings, published in the Proceedings of the National Academy of Sciences journal, indicate that patients tended by caregivers with depression, anxiety and other symptoms of mental illness typically died sooner than those being looked after by caregivers in good mental health. For example, compared to patients who
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Categories: Industry News and Long-Term Care.

“New Study: Immigrants are the Future of Long-Term Care”

“New Study: Immigrants are the Future of Long-Term Care,” by Robert Espinosa, HuffPost “Immigrants are a key part of the U.S. economy and the future of long-term care, says a new study on immigrants in the direct care workforce from PHI, the nation’s leading expert on direct care. According to the study released this week, more than 1 million immigrants work in direct care, a rapidly-growing sector that includes about 4.4 million home care workers and nursing assistants employed in nursing homes. Immigrants in this workforce come from 151 countries representing many regions of the world, though more than half
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Categories: Industry News and Long-Term Care.

Independence Day Office Closing

Mutual of Omaha and its affiliates (United of Omaha, Companion Life Insurance Company, United World) will be closed on Monday, July 3rd and Tuesday, July 4th 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 (excluding LTC) 3:00 PM Long Term Care Cutoff 3:00 PM Direct Deposit (EFT) Available Independence Day, Monday 7/3/2017 & Tuesday 7/4/2017 Friday 6/30/2017 Friday 6/30/2017 Wednesday 6/28/2017 Thursday 6/29/2017 Monday 7/3/2017 Weekly and holiday pay schedules are also available on the Sales Professional Access
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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).