External Replacement Guidelines

Since September 1, 2015, United of Omaha has not accepted external replacements on simplified issue life insurance applications in Kentucky, Kansas or West Virginia. Please make sure you are aware of the external replacement guidelines below. Products impacted Term Life Express Guaranteed Universal Life Express Living Promise Whole Life (Final Expense) Children’s Whole Life Indexed Universal Life Express Any simplified issue application taken in Kentucky, Kansas or West Virginia stating an external replacement is involved, will not be accepted. External replacements will be considered on fully underwritten products in these states on a case by case basis. It is required
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Upcoming Changes to Our Life Product Portfolio

Mutual of Omaha is financially strong and we continue to focus on growing our company. Our commitment to growth is what helps ensure that we’ll be around when it comes time for us to deliver on the promises we’ve made to our policyholders. This continued growth requires an investment of capital, and as a mutual company, we rely primarily on our earnings to create new capital. Recently, statutory earnings have been impacted by several economic factors, including a prolonged low interest rate environment. We’re proactively addressing this trend in 2020 to produce positive statutory earnings and maintain our long-term financial
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

2020 Life Product Changes: Transition Rules

Effective January 1, 2020, we will be making changes to our life product portfolio, including discontinuing our Guaranteed Universal Life product, repricing our Level and Graded Living Promise Whole Life final expense products, repricing our Term Life Express Non-ROP product and discontinuing our Term Life Express 20-Year ROP product. Below is a summary of the transition rules. More information on these product changes and transition rules can be found in our 2020 Life Product Changes Frequently Asked Questions document.   GUL and TLE 20-Year ROP policies: You will still be able to submit applications for GUL and TLE 20-year ROP
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Get Up to Speed on the IUL Express Process

An IUL Express policy is a great way to provide your clients with long-term life insurance protection using a simplified issue sales process. Our new IUL Express Process Video will take you through the step-by-step process for determining a premium, completing the application packet, understanding the underwriting process, and delivering the policy. You can also use the IUL Express Process Flyer. For even more information on our IUL Express product, as well as our other simplified issue products, visit our now Simplified Issue microsite: mutualofomaha.com/simple.   Get Up to Speed on the IUL Express Process   #goldencareagent #mutualofomaha #iul
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

IUL Express is Here!

Jump in and buckle up! It’s time to pull out into the fast lane! We’re excited to announce that our Indexed Universal Life Express (IUL Express) is off the showroom floor and out on the open road! As of Friday, November 1st, IUL Express peeled out into the IUL market. IUL Express has some of the same benefits of a traditional IUL policy, but does it all faster – faster underwriting, faster approvals and faster coverage for your clients. We also have a host of marketing materials to help you promote and explain IUL Express to your clients, including a
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Have You Ordered Your IUL Express Materials?

Get ready for when IUL Express peels out into the market this Friday, November 1st. If you haven’t ordered your materials or downloaded your state-specific application packets yet, now is the time. A variety of materials are available, including a: Customer Brochure: view PDF Highlight Sheet: view PDF Allocation Option Sheet: view PDF Product Guide: view PDF Process Guide: view PDF Materials can be ordered through Sales Support or your normal supply channel, and your state-specific application packets can be downloaded through Forms & Materials Library on our Sales Professional Access producer website. Plus, we have a variety of resources
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

What Will You Do With the Power of the Drop?

Raging rivers, towering waterfalls and roaring tidal waves all started with just one drop. It’s proof that a single drop can change the landscape. And now you have the power to change the GUL Express landscape with just one drop. On October 1, 2019, GUL Express became even more competitive with some big changes. Find GUL Express sales ideas in our updated sales solution flyer. If you have questions, contact your Sales Director or Account Executive.   What Will You Do With the Power of the Drop?   #goldencareagent #mutualofomaha
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

IUL Express is Coming Your Way…

Can you hear that? That’s the sound of the new Indexed Universal Life Express (IUL Express) speeding this way! Once it’s here, you better be buckled up and ready to go, because it’s going to create some real momentum in the IUL market. Our IUL Express product has a lot of the same great features as our traditional IUL, but speeds it all up – faster underwriting, faster approvals and faster coverage for your clients. Beginning on November 1, 2019, this great new product will be available, featuring: Issue ages 18-70 with death benefits of $25,000 to $300,000* Permanent coverage
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).