Supplementing Disability Income Insurance Coverage

Some consumers may have a disability income policy insurance through their employer, it’s important to ask them about how the policy would pay. Consider whether the policy’s monthly benefits would begin to pay benefits soon enough. Clients need to understand their existing coverage to help solve the protection gap. One solution is to supplement current employer coverage with an individual short-term disability income insurance. Short-term coverage can help pay monthly benefits sooner than an employer’s long-term disability insurance policy. And it can pay up until the time employer-sponsored benefits begin. As a producer, you can provide more complete income protection
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

Save Time with the DI Tele-Application!

The DI tele-app facilitates a faster application process, you don’t have to ask medical questions, and reduces the need for call-backs to your customers by allowing our trained nurses to gather your clients’ medical information. Advantages of the DI Tele-app Simplifies the sales process for both the agent and the client Don’t have to ask awkward medical questions Quicker issue time Fewer attending physician statements Client answers medical questions only once by a trained nurse regarding activities, health habits, occupation(s), and medical history Materials Available Next Steps brochure If you have any questions, please contact Mutual of Omaha’s Sales Support
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

Tax Advantages of Disability Income Insurance

The taxation of disability income insurance is straightforward – especially in individual cases. However, surprises can occur if policies are set up incorrectly as unexpected taxation of a benefit reduces available funds at precisely the wrong time. Individual DI In terms of taxes, individual DI is rather clear cut. Premiums paid by individual policyholders are non-deductible as they are not considered an eligible medical expense on Schedule A. Also, benefits are not included as income and therefore not taxable. Employer-Paid DI In disability income cases where a business entity is involved, the tax implications are varied. Here are some common
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

New Replacement Notice for DI & Critical Advantage Products (LA)

A replacement form is now required for your customers in Louisiana who wish to replace their existing Disability Income or Critical Advantage coverage with a policy from Mutual of Omaha. Please see the chart below for important effective dates. Product Name Policy Numbers Application Format Effective Date DI Choice-Long-Term Disability/Short Term Disability/Accident Only D81, D82, D83 Paper application 1-15-2020 DI Choice at Work D81M, D82M, D83M Paper application 1-15-2020 Priority Income Protection ICC15DT2 Paper application 1-15-2020 Priority Income Protection ICC15DT2 E-application 1-20-2020 Critical Advantage CP1, CP2, CP3, CP4 Paper and e-application 1-20-2020   The replacement form will be included in
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).

How to Use DI in the Business Setting

Several American workers are employed by small business owners who understand the hard work is what it takes to keep their doors open. But many small business owners fail to understand how difficult it would be to stay operational if the owner was disabled and couldn’t work. That’s where you come in. It’s your role to help them understand the consequences a disability could have on the business they’ve worked hard to make succeed. You may hear objections like “I don’t need to be there – my business runs itself” or “My employees would be able to keep things going
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

Who Buys Disability Income Insurance from Mutual of Omaha?

Our disability income insurance is designed for the middle market, it’s the perfect product to boost your cross-selling efforts, help you gain referrals and build a more robust client base. DI completes your clients’ financial protection plan. Customers who buy disability income insurance from us are identified as: Having an income between $40,000-$150,000 30-50 year olds Risk adverse Having something to protect Recently married New parents Family oriented Homeowners Self-employed Business owners Single-parent families The best part about finding people to talk to about DI is that you don’t need to look far. Almost everyone you interact with daily fits
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

Wrapping Up 2019: A Note from Steve Pike

A Note from Steve Pike It’s been a great year! Together, we’re fulfilling our shared mission to help people protect their families, their finances and their futures with long-term care insurance. Looking ahead to 2020, we remain committed to providing the products, services and support you and your agents need. Please accept our sincere thanks for the LTC business you placed with us in 2019. We look forward to helping you grow sales in the coming year. Have a safe and happy holiday season! Steve Pike National Sales Director – LTC, DI, CI   #goldencareagent #mutualofomaha #stevepike #longtermcare
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Categories: Critical Illness, Disability Income Insurance, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Real Win– Why Choose Mutual of Omaha for DI?

Planning for the Unexpected Margaret, a married 30-year-old female, lives in the Midwest. In her profession as a nurse practitioner she sees individuals becoming sick and injured daily and knows why having an income protection plan is important. Her employer does not currently offer any disability benefits to their employees, so she began to research individual coverage for herself. As a member of the medical field, she was aware of the statistics with disabilities among those in her profession and knew that this plan was important to have for her and her family should an unexpected life event happen. During
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

Disability Income Insurance Sales Update

There will be upcoming changes to certain Mutual of Omaha’s Disability Income products in December that will affect Massachusetts and Wyoming only. Due to state regulation changes we are suspending Disability Income Insurance sales in MA and WY. Any applications from these DI products signed after the dates shown below will not be accepted. Impacted DI applications in MA and WY must be processed by December 31, 2019. STATE PRODUCT NAME POLICY NUMBER EFFECTIVE DATE MA DI Choice DI Choice at Work D81, D82, D83, 150BE D81M, D82M 12.2.19 WY DI Choice DI Choice at Work D81, D82, D83, 150BE
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

DI is Smart Planning

Bill always attended New Year’s Eve events with his family, until a horrible car accident changed his life, career, and most important his income. Read the remainder of Bill’s story here, or by clicking on the image below:   DI is Smart Planning   #goldencareagent #mutualofomaha >   Related: Disability Income Protection Saves the Day
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).