When tax season arrives, your clients are likely thinking about the past year and the one ahead. But it’s also a good time to talk about the future and their tax situation when they retire. A properly-funded Income AdvantageSM IUL policy is a good way to help your clients plan ahead and minimize their tax risks in retirement. Our newly updated Tax Bracket Risks brochure for 2019 can help you explain the advantages of an IUL policy to your clients. If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or e-mail sales.support@mutualofomaha.com. Tax
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Are Your Clients Fit?
Our Fit Underwriting Program is available on both fully underwritten term and permanent insurance. It’s a quick and easy test you can complete with every application to ensure your client receives the best table rating. Not sure what to look for? Here’s what a typical case that would qualify for our Fit Program looks like: Ages 18-75 Minimum face amount $100,000 Maximum face amount $5 million (total coverage in force and applied for per individual with United of Omaha Life Insurance Company) Nontobacco users Base Rating after normal credits of Table 4 or less If you have questions, please contact
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Medicare News – Omaha Family of Companies
Medicare Supplement: 2019 Med Supp Buyer’s Guide Available The 2019 buyer’s guide, Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare has been released by CMS. Modernized In-force Only Rate Adjustment Please view the upcoming Modernized In-force Only Rate Adjustment in Oklahoma. Medicare Advantage and Prescription Drug Plans: PDP Compensation Payments The following is information regarding the payment of compensation for Mutual of Omaha Rx (PDP) sales. #goldencareagent #mutualofomaha
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Good News | A.M. Best Reaffirms Mutual of Omaha’s A+ Rating
A.M. Best Affirms Mutual of Omaha’s Financial Rating A.M. Best performed their annual rating committee review on Mutual of Omaha and affirmed our financial strength rating of A+ (Superior) with a stable ratings outlook. The ratings reflect Mutual of Omaha’s balance sheet strength, which A.M. Best categorizes as very strong, as well as our strong operating performance, favorable business profile and appropriate enterprise risk management. Click Here for Mutual of Omaha’s announcement. Read Full Good News Article 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
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Disaster Relief Notification Update: Federal Government Shutdown
Although the shutdown has ended, Mutual of Omaha is committed to working with your customers as they resolve any outstanding financial issues. Grace periods for affected customers are being extended until April 25, 2019. Delaware Only: A customer who is a resident of Delaware and was affected by the shutdown can contact us to place a hold on their policy, up to 90 days from the end of the shutdown on January 25, 2019. If you have any questions regarding this or any other Mutual of Omaha service, please reach out to our customer service team at 800-775-6000.
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GoldenCare Newsletter | February 19, 2019
In this GoldenCare Newsletter 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 LTC CEO Office, Home and Internet Selling Tools Software has been updated! This Must-Have Resource can dramatically increase your LTC sales, providing sales presentations, calculators, pre-recorded training, instruction for successful Internet Selling, LTC resources, and MORE! Get a sneak peek demo here and find out how you can get
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Holiday Telephone Solicitation Ban for the Month of March 2019
Please be aware of the following holiday telephone solicitation ban for the month of March 2019. On Tuesday, March 5, 2019: Louisiana prohibits unsolicited marketing calls to residents in observance of Mardi Gras Holiday Telephone Solicitation Ban for the Month of March 2019 #goldencareagent #mutualofomaha
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(Legacy) Rate Adjustments Effective May 1, 2019 (HI, LA, OH)
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 May 1, 2018: Block of Business Impacted States NHA, LTA, HCA, LT50, NH50 Hawaii, Louisiana LTC04I Hawaii LTC04G Ohio
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Update on the Critical Advantage Rate Decrease for New Applications – OR, RI, VA, WV
Great news! Oregon, Rhode Island, Virginia and West Virginia can offer the products in the Critical Advantage portfolio with a 20% rate cut starting March 1, 2019. Check out how much they can save below: Age New Monthly Rate Previous Monthly Rate Monthly Savings Yearly Savings 35 $18.25 $22.81 $4.56 $54.72 45 $30.48 $38.09 $7.61 $91.32 55 $47.75 $59.69 $11.94 $143.28 65 $69.35 $86.69 $17.34 $208.08 This example is a Cancer policy with a $30,000 benefit amount and lifetime coverage. Check out this flyer to see how our new rates compare to a competitor. At this time, the rate
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Automated Underwriting Updates
It’s pretty common to enter test cases in an e-App in order to familiarize yourself with the process, or to show a client how it will work. Please do not use the Automated Underwriting system for test cases. Consequences of doing this may include: Insurance activity recorded Underwriting reports pulled Duplicate applications recorded Our training videos feature chapters so you can go directly to the content you are looking for or watch the training video in its entirety. If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com. Automated
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