Rate Adjustments Effective November 2019

Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha and we intend to remain a key player in this market for years to come. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective November 1, 2019: Block of Business Impacted States LTC04I, LTC06U Connecticut LT50, LTA, LTAR, NHA and NHAR, Ltc04I, LTC04G, LTC06U
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Rate Adjustments Effective October 2019

Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha and we intend to remain a key player in this market for years to come. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective October 1, 2019: Block of Business Impacted States LTC04I, LTC04G Colorado   For a complete rate history, see the state
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Tips for Selling DI – Young Couples: Important Prospects for Income Protection

Individuals in this age group have a lifetime of earning potential. Income is their most important asset. Their lifestyle and long-term financial plans depend on it. An illness or injury that keeps your client from working can quickly impact other assets such as savings and retirement funds. These resources could be depleted depending on the time needed for recovery and return to work. To learn more about Mutual of Omaha for Disability Income Insurance click here.   Tips for Selling DI – Young Couples: Important Prospects for Income Protection   #goldencareagent #mutualofomaha
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

Medicare News – Omaha Family of Companies

Medicare Supplement: Upcoming Med Supp Rate Adjustments Please view the upcoming Med supp rate adjustments in AR, LA, and NV.   2019 High Deductbile G – NC and OR Effective August 23, 2019, Mutual of Omaha is pleased to announce the availability of a High Deductible Plan G for effective dates of January 1, 2020 or later in North Carolina and Oregon.   Medicare Advantage and Prescription Drug Plans: Brokerage Sales MA/PDP Plans 2020 Webinar Mark your calendars to join us for our eighth webinar – MA/PDP Plans 2020 – that is scheduled for Tuesday, August 27 at 10:30 a.m.
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

GoldenCare Newsletter | August 19, 2019

In this GoldenCare Newsletter Edition Read Full GoldenCare Newsletter, August 19, 2019 Edition From GoldenCare: Diversify your portfolio for greater sales success! Join us for product and sales live and prerecorded training.  Stay up-to-date on all the latest and greatest in the industry.    For a list of current topics and to get in on the discussion Click Here. Update Your Contracts LTCCEO Updates: Be sure you’ve got the latest version!  Double click “Check for Updates” on your desktop to receive the latest update or call us at 800-842-7799! Happy Selling!   Our Guest Article in this Edition is “More Seniors
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Categories: GoldenCare News, Guarantee Trust Life, Industry News, Kemper, Long-Term Care, Minnesota Life, Mutual of Omaha (& Affiliates), and National Guardian Life.

Holiday Telephone Solicitation Ban for the Month of September 2019

Please be aware of the following holiday telephone solicitation ban for the month of September. On Monday, September 2, 2019: Alabama, Louisiana, Mississippi, Rhode Island and Utah prohibit unsolicited marketing calls to residents in observance of Labor Day Holiday Telephone Solicitation Ban for the Month of September 2019 #goldencareagent #mutualofomaha
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Categories: Industry News and Mutual of Omaha (& Affiliates).

October 1st Updates for 2017 CSO Table Changes

On October 1, 2019, United of Omaha will be modifying our GUL and GUL Express products due to the implementation of the 2017 Commissioners Standard Ordinary (CSO) Tables. Product Impacts Guaranteed Universal Life (GUL) The product will be updated with the new CSO tables, resulting in a mix of increases and decreases in premiums. The Disability Continuation of Planned Premium Rider will be introduced on GUL in California at the same time. Guaranteed Universal Life Express (GUL Express) The product will be updated with the new CSO tables, which has resulted in decreases in the lifetime guarantee premiums. We will
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

What are LTC Post Issue Requirements?

Below is an illustration of the typical LTC application process: STEP 1 Application Submission STEP 2 Risk Assessment STEP 3 Final Action STEP 4 Policy Delivery STEP 5 PIR Submissions   You may think that your work is complete by Step 4: Policy Delivery; however, in some situations post issue requirements (PIRs) are needed. Awareness of potential PIRs will help you maintain customer satisfaction as well as monitor your cases until final policy delivery. So… What is a Post Issue Requirement? PIRs may include one or more of the following items: Outstanding Premium Total premium is due 60 days from
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Mandatory Phone Health Interview Removed on TLE and GULE

Want another reason to sell TLE and GULE? We no longer require a mandatory phone health interview (PHI) on our Term Life Express and Guaranteed Universal Life Express products for face amounts between $250,001-$300,000. A mandatory PHI will not be required, at any face amount applied for, effective August 1, 2019. Applications signed prior to August 1, 2019, with a face amount of $250,001-$300,000, will continue to have the mandatory PHI Applications signed August 1, 2019 and later, will no longer require a mandatory PHI to be completed Now the application process can go even faster and your clients only
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Medicare News – Omaha Family of Companies

Medicare Supplement: Med Supp In-force Only Rate Adjustment Please view the upcoming In-force Only Rate Adjustment in West Virginia.   Med Supp Modernized September Rate Release Please view the upcoming rate release in DE, ME, NC, and VA.   MACRA is here Webinar Questions and Answers During each broadcast, you can ask questions through the Q&A board. Here are the questions we received during the August 6th webinar, MACRA is Here.   Medicare Advantage and Prescription Drug Plans: The Mutual of Omaha CareAdvantage Difference Mutual of Omaha CareAdvantage plans offer value based, coordinated care that puts your clients at the
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).