EFT Direct Deposit Changes Coming Soon

September 13, 2021 | by | Comments Off on EFT Direct Deposit Changes Coming Soon

Get Paid Sooner! Mutual of Omaha is moving to an electronic deposit for all commission payments. Once compensation totals more than $25, we will send an electronic payment directly to the bank that is in your profile on Sales Professional Access. If you need to change or add your bank information for direct deposit we require this to be done on Sales Professional Access (SPA). Follow these steps: Step 1: Visit www.MutualofOmaha.com/broker and log in Step 2: Click on the person image in the upper right corner Step 3: Select Direct Deposit in the drop-down Step 4: Click Update Step
Read More

Categories: Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
Tags: agent commissions, agent compensation, Agent Service, agent support, commission, commissions, compensation, Customer Service, insurance, mutual of omaha, omaha, producer compensation, United of Omaha, and United World.

REMINDER: Updated NGL EssentialLTC Compensation Schedule Needed

February 19, 2021 | by | Comments Off on REMINDER: Updated NGL EssentialLTC Compensation Schedule Needed

Simplified compensation structure Your compensation is important to us. We listened to you and heard that you wanted a simplified compensation structure, making it easier for you to understand how you will be paid. Beginning January 1, 2021, instead of eight levels of age bands, there are now two levels: Issue ages 40-69 Issue ages 70-79 Items not changing include: renewals are still based on the premium for the base policy and any Inflation Protection Rider, and half of the regular first-year compensation rate is applicable to the portion of premium for a Return of Premium Rider or the 10-Year
Read More

Categories: Industry News, Long-Term Care, and National Guardian Life.
Tags: commission, commissions, compensation, compensation schedule, EssentialLTC, insurance, Long-Term Care, long-term care insurance, LTC, LTCi, National Guardian Life, NGL, and pay.

Express Pay for Mutual of Omaha business!

February 8, 2021 | by | Comments Off on Express Pay for Mutual of Omaha business!

At Mutual of Omaha getting you paid quickly is just as important as the business you place with us. We began offering a daily pay option via our Express Pay process a few years ago and many of you have taken advantage of this quick and easy service. We are excited to announce that effective immediately, a new enhancement has been made to the Interactive Voice Response system (IVR) allowing you to hear your last 2 commission amounts by simply inputting the last 4 digits of your SSN/TIN. With this enhancement, you will have access to real time commission payments
Read More

Categories: Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
Tags: agent commissions, agent compensation, commissions, compensation, express pay, insurance, mutual of omaha, Mutual of Omaha Insurance Company, omaha, pay, payment, United of Omaha, and United World.

EssentialLTC compensation structure updates

December 14, 2020 | by | Comments Off on EssentialLTC compensation structure updates

You asked and we listened Your feedback was used to simplify and enhance National Guardian Life Insurance Company’s (NGL) EssentialLTC Long Term Care insurance compensation schedule. These changes are available starting on January 1, 2021. We encourage you to ask GoldenCare about the changes and about signing the new schedule. Simplified compensation structure Your compensation is important to us. We listened to you and heard that you wanted a simplified compensation structure, making it easier for you to understand how you will be paid. Instead of eight levels of age bands, there are now two levels: Issue ages 40-69 Issue
Read More

Categories: Industry News, Long-Term Care, and National Guardian Life.
Tags: commission, commissions, compensation, compensation schedule, EssentialLTC, insurance, Long-Term Care, long-term care insurance, LTC, LTCi, National Guardian Life, NGL, and pay.

LTC Compensation Timing Update

June 1, 2020 | by | Comments Off on LTC Compensation Timing Update

To better align with our other product lines, beginning June 5, 2020, compensation for LTC policies will be paid at the time all Post Issue Requirements (PIRs) are received and the case is considered placed. As a reminder, below are the PIRs that must be received to place the policy in force: Outstanding Premium Monthly EFT drafts will occur on the first renewal date selected by the customer. For all modes other than monthly, a billing statement will be sent with the policy. Total premium is due 60 days from issue. Policy Delivery Acknowledgement A Policy Delivery Acknowledgement (PDA) is
Read More

Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: amendments, commission, compensation, insurance, Long-Term Care, long-term care insurance, LTC, LTC Planning, LTCi, mutual of omaha, omaha, PIR, PIRs, post issue requirement, and post-issue requirements.

Care Solutions News, May 2019

May 29, 2019 | by | Comments Off on Care Solutions News, May 2019

Quick reads Annuity Care connections: Seasons change, reasons change Think about clients with existing annuities. Do they depend on all of their annuities for retirement income? If not, you could reposition an annuity using Annuity Care and move their money from tax-deferred to tax-free for LTC. Help clients reassess their existing annuities today with these resources: Connect with clients using our new Care Solutions Annuity video. Rest assured that the OneAmerica® commitment to stewardship through financial strength allows clients and their families to focus on care, not costs. Help clients understand the benefits the Pension Protection Act offers for extended
Read More

Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.
Tags: annuity, compensation, hybrid, LTC, and oneamerica.