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 December 1, 2019: Block of Business Impacted States LTC04G Arkansas, Iowa LTC04I New Mexico LTC06UI Pennsylvania, Iowa, Oklahoma, Ohio, New
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The Critical Advantage℠ Products Have Coverage for the Whole Family
Almost everyone knows someone who has had one of the covered conditions in the Critical Advantage product portfolio. Unfortunately, this may include family members. All the products in the Critical Advantage portfolio; Critical Illness, Cancer and Heart Attack and Stroke, offer individual, individual plus children and family coverage. Family coverage includes your client’s partner and all dependents who are under age 26. Either partner can be the primary insured on a family policy, but the premium is based on the oldest insured. Children are eligible for a maximum amount of coverage of $50,000 each and the premium is the same
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Medicare News – Omaha Family of Companies
Medicare Supplement: Upcoming Med Supp Rate Adjustments Please view the upcoming Med Supp Rate Adjustments in AR, MT, OR, TX, and VA. October Modernized Med Supp Rate Release Please view the upcoming Med supp Modernized October Rate Release in Arkansas and Louisiana. Gearing up for Annual Enrollment Our monthly Medicare Solutions webinar – Gearing Up for Annual Enrollment – is scheduled for Tuesday, September 24 at 10:30 a.m. CST. Tune in to hear Alicia Hanson discuss tips for a successful AEP. 4th Quarter Broker Bonus Program The 4th Quarter Broker Bonus Program period is from October 1,
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Final Reminder: October 1st Updates for 2017 CSO Table Changes
As a final reminder, 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
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Coming Soon: Decreased GULE Rates
On October 1, 2019, we will be making Guaranteed Universal Life Express (GULE) even more competitive, with rate decreases between 5 and 30 percent! Here’s what you can expect beginning October 1: We will be decreasing rates – in some cases up to 30%! We will be expanding the maximum issue age for non-tobacco to age 70 (tobacco will remain at age 65) We will be changing the maximum face amounts to match Term Life Express. The maximum face amounts will now be: 18-50: $300,000 51-60: $250,000 61+: $150,000 The Disability Continuation of Planned Premium Rider will be introduced on
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Case Study: A New LTC Producer Uses Underwriting Tools to His Advantage
Don is a new long-term care insurance agent based in St. Louis. As he learns the industry and product, Don has found it useful to carry the MutualCare® Solutions Underwriting Guide as an aid while screening clients. Recently, Don was working with a 65-year-old male applying for the Custom Solution. Having already familiarized himself with the build chart before the meeting, Don knew to quote no better than Class 1 based on the client’s height and weight. However, during the prescreen Don learned of a pre-diabetes diagnosis. Unsure how to proceed, Don consulted the Underwriting Guide. Under “Diabetes” the guide
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Good News | Coming October 1st – Mutually Well!
Announcing Mutually Well, A New Fitness & Wellness Program Mutual of Omaha has partnered with Tivity Health to provide our Medicare supplement customers with a comprehensive fitness and wellness offering called Mutually Well. Effective October 1, our Medicare supplement policyholders will have access to begin using this new program. Click below for program features and Omaha’s official press release: Announcing Mutually Well Read Full Good News Announcement Questions? 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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Announcing Mutually Well
Mutual of Omaha has partnered with Tivity Health to provide our Medicare supplement customers with a comprehensive fitness and wellness offering called Mutually Well. Effective October 1, our Medicare supplement policyholders will have access to begin using this new program to tailor a fitness and wellness plan to meet their needs. Customers will have access to: Discounts of up to 30% on healthy living products and services from 20,000+ specialists (Examples of discounted services are chiropractic, acupuncture, massage therapy and nutritional programs) Flexible, budget friendly fitness program with access to 10,000+ fitness locations with no enrollment fee or contracts for
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Medicare News – Omaha Family of Companies
Medicare Supplement: Upcoming Med Supp Rate Adjustments Please view the upcoming rate adjustments in MN and TX. WI United World Outline Correction The WI UW Outline displayed incorrect rates on pg. 15. The outline has been corrected and the app book has been updated. Attention NC Med Supp Producers Under age 65 rates on United World Plan G are available for application effective dates of 1/1/20 or later. New Mutual of Omaha Medicare Supplement Plans in Ohio You may begin selling our new competitively priced Medicare supplement plans in Ohio, underwritten by Mutual of Omaha, effective September
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How Cancer Insurance Can Help your Clients
Getting a diagnosis of cancer can be devastating. Mutual of Omaha’s Cancer product provides a one-time cash benefit after a cancer diagnosis. Your clients can use the benefit for any out-of-pocket expense like replacing lost income, high deductibles, or even paying for groceries and bills. The Cancer product lets your clients focus on getting well instead of worrying about their financial situation. See more about the odds of surviving a cancer diagnosis here. If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com. How Cancer Insurance Can Help your Clients
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