Manage clients’ information through digital self-service

Manage clients’ information through digital self-service Nationwide® will soon be making it simpler for you to manage your clients’ documents through digital self-service. This change not only will reduce unwanted clutter and paper waste, but it will also make it easier to access and maintain your client information. Here’s what to expect: Copies of client statements, confirmations and systematic letters will no longer be sent by mail to their financial professional When you log in to nationwidefinancial‍.‍com, you will have secure 24/7 access to these materials through the Document Center You may still eceive some of these documents via mail,
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Categories: Industry News, Linked Benefit/Hybrids, and Nationwide.

Nationwide CareMatters® II Product Updates

Nationwide CareMatters® II Product Updates — December 18, 2023 On December 18, 2023, Nationwide implemented a price improvement across all scenarios for the current CareMatters II product in the states of Indiana and New Jersey. There is a price decrease for all scenarios, which varies by the characteristics of the case. We’re pleased that the repricing is now effective in all states except for California. YourLife CareMatters® in New York will not be affected by this change. In addition, to make CareMatters II more accessible to more clients, Nationwide has lowered the current minimum LTC benefit from $2,500 a month
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Categories: Industry News, Linked Benefit/Hybrids, and Nationwide.

Nationwide CareMatters Together launching in AZ and DC

Nationwide CareMatters Together launching in AZ and DC on Sept. 11, 2023 Beginning September 11, 2023, CareMatters Together will be available in the state of Arizona (AZ) and the District of Columbia (DC). After September 11, 2023, CareMatters Together will not yet be available in California, Montana and New York. CareMatters Together will not be filed outside of the 50 states and the District of Columbia (DC). We will continue to offer Nationwide CareMatters® II for individuals seeking long-term care coverage for a single life. For pending applicants who wish to transition to CareMatters Together, additional paperwork or requirements could
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Categories: Industry News, Linked Benefit/Hybrids, and Nationwide.

Important Changes to COVID Guidelines

Mutual of Omaha continues to closely monitor our new business and underwriting practices to ensure we create efficiencies and improvements when making business decisions regarding our underwriting guidelines. We are happy to announce the following changes to our COVID guidelines for Fully Underwritten Life, effective June 1, 2023. Acceptance Guidelines Based on Insured’s Issue Age: We are now accepting applications on clients through age 79 without table rating restrictions Additionally, we are now able to consider clients aged 80-85 for Standard risk class ONLY Clients with a Positive COVID Test A Statement of Good Health continues to be required if:
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Categories: COVID-19, Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

COVID-19 Public Health Emergency Ends May 11, 2023

The Public Health Emergency for COVID-19 ends on May 11, 2023. What does this mean for your clients? Medicare will continue to cover COVID-19 vaccines at no cost. Individuals will be able to get COVID-19 PCR and antigen tests with no out-of-pocket costs when ordered by a doctor. Expanded telehealth services will continue through December 31, 2024. More Info   After May 11, 2023, Medicare will no longer cover or pay for over-the-counter (OTC) COVID-19 tests. Individuals enrolled in a Medicare Advantage Plan may have more access to tests, depending on their benefits. Recommend your clients check with their plan.
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Categories: COVID-19 and Industry News.

Updates to Covid-19 Underwriting Guidelines

Mutual of Omaha continues to closely monitor our new business and underwriting practices to ensure we create efficiencies and improvements when making business decisions regarding our underwriting guidelines. We are happy to announce the following changes to our COVID guidelines for Fully Underwritten Life, effective March 1, 2023. Acceptance Guidelines Based on Insured’s Issue Age: We are now accepting applications for clients through age 74 and up to table 8, an increase from the prior Table 6 limit Ages 75-79 remain capped at Table 6 Ages 80+ continue to be postponed Clients with a Positive COVID Test A Statement of
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Categories: COVID-19, Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

CareMatters COVID guidelines have been updated

CareMatters COVID guidelines have been updated Proposed Insureds with a history of COVID with no hospitalization, no tobacco use, maximum BMI of 35, and no co-morbid conditions may be able to be considered without medical records for CareMatters after 1 month of full recovery if age 49 or younger, and after 2 months of full recovery if age 50 or older. Proposed Insureds who do not meet the above and have not been hospitalized will be postponed until 3 months of full recovery is achieved and is demonstrated by a documented visit post-COVID in medical records provided at no expense
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Categories: COVID-19, Industry News, Linked Benefit/Hybrids, and Nationwide.

Fully Underwritten Life COVID-19 Updates

Mutual of Omaha has been closely monitoring our new business and underwriting practices from the beginning of the COVID-19 Pandemic. Throughout this time, we have periodically made business decisions regarding our underwriting guidelines. We are pleased to announce that we will be changing our temporary guideline changes effective August 1, 2022. These guidelines apply to all fully underwritten life insurance cases and includes all newly submitted and pending in-house cases, whether formal or informal. Acceptance Guidelines Based on Insured’s Issue Age: We will now accept applications for clients through age 79 and up to table 6 If the client is
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Categories: COVID-19, Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

LTC COVID-19 Underwriting Guidelines Update

From the Desk of Allen Gregoire Mutual of Omaha has been closely monitoring our new business and underwriting practices since the beginning of the COVID-19 pandemic, periodically making business decisions regarding our underwriting guidelines. We are pleased to announce that we are updating our long-term care insurance guidelines effective immediately. The following updates apply to all submitted and pending in-house LTCi cases: If the proposed insured, or any member of their household, has come into close contact with anyone known to the insured to have tested positive for COVID-19 and is asymptomatic, there is no required waiting period if the
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Categories: COVID-19, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

No April Fool’s Stunt Here- Our Game Time Incentive Begins TODAY

  New GoldenCare Sales Incentive STARTS TODAY! This is no April Fool’s stunt – GoldenCare is starting Q2 2022 with a little fun! Between April 1st – May 15th, get your name entered into a drawing to win cash prizes! How To Enter: For each qualifying MutualCare® Custom Solution applicant written, your name gets entered. The more you write, the better your chances of winning! Cash Prizes Include: Don’t wait too long! The drawing will take place on Tuesday, May 24th! It’s Game On!     Get Promo Details!   #goldencareagent
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Categories: GoldenCare News, Industry News, and Long-Term Care.