As a reminder, our Income Advantage IUL, Life Protection Advantage IUL and IUL Express products will no longer be available on WinFlex Desktop after October 31, 2020. Beginning November 1, you MUST use WinFlex Web to illustrate our IUL products. The remainder of our life and health products will remain available on WinFlex Web through the end of the year. If you are still using the Desktop software to illustrate our life and health insurance products, we encourage you to transition to the WinFlex Web platform as soon as possible. To sign up for WinFlex Web: Go to winflexweb.com and
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Important Life Underwriting Update
Throughout the pandemic, Mutual of Omaha has been continuously evaluating our underwriting and new business practices to support business continuity, deliver a high level of service and maintain our financial strength. As a result, we will be expanding the cases we will accept beginning Thursday, October 1, 2020. The following guidelines will apply to all fully-underwritten life insurance cases. This includes any newly submitted and pending in-house cases, whether formal or informal. Please note, the guidelines below are temporary. International Travel Guidelines All All fully-underwritten life insurance cases where the proposed insured plans to travel or has traveled internationally to
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System Maintenance This Weekend
Beginning this Saturday evening we will be completing required system maintenance to our servers. During the maintenance window Sales Professional Access and iPipeline e-Application will be inaccessible. The planned outage will last 7:00 p.m. (CST) Saturday, August 29, 2020 through 7:00 a.m. (CST) Sunday, August 30, 2020. For consideration of additional time zones, the outage window will be: Eastern – 8:00 p.m. Saturday through 8:00 a.m. Sunday Mountain – 6:00 p.m. Saturday through 6:00 a.m. Sunday West Coast – 5:00 p.m. Saturday through 5:00 a.m. Sunday After the brief outage you will be able to access Sales Professional Access and
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WinFlex Tip: Navigating an IUL Illustration Using the New Illustration Contents Menu
Have you spent time looking at the new IUL illustrations that were introduced in July? There were many new features, including a complete redesign to improve the look, updates to the language to make it more client-friendly, a Your Policy Highlights section that gives clients a quick overview of the key benefits, and new table layouts to make the ledgers easier to read. One enhancement that you may not have noticed is the new Table of Contents. While a Table of Contents may not seem like a ‘wow’ feature, it can definitely help you quickly navigate to where you need
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A Case Study: Accumulation, Protection or Both?
Income Advantage IUL can provide your clients with valuable life insurance protection. It also offers the opportunity to accumulate cash value* for future needs, such as supplementing the client’s retirement income. Teaming an Income Advantage policy up with a term life insurance policy may be an ideal solution for clients who want to plan ahead for retirement, but also have a larger temporary life insurance need. Learn more about how this works by looking at our Satisfy the Need for Accumulation and Protection flyer. It includes: A case study showing how this concept works A comparison of taking income immediately
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System Maintenance This Weekend
Beginning this Saturday evening we will be completing required system maintenance to our servers. During the maintenance window Sales Professional Access and iPipeline e-Application will be inaccessible. The planned outage will last 7:00 p.m. (CST) Saturday, August 15, 2020 through 7:00 a.m. (CST) Sunday, August 16, 2020. For consideration of additional time zones, the outage window will be: Eastern – 8:00 p.m. Saturday through 8:00 a.m. Sunday Mountain – 6:00 p.m. Saturday through 6:00 a.m. Sunday West Coast – 5:00 p.m. Saturday through 5:00 a.m. Sunday After the brief outage you will be able to access Sales Professional Access and
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Help Clients Preserve Their Estate with the LTC Rider
Many people work a lifetime to accumulate assets to pave the way for a comfortable retirement and to leave an inheritance for their children. The last thing anyone wants is to see their hard-earned savings depleted to pay for long-term care services. Long-term care services, however, can quickly erode a client’s assets. The Help Preserve Your Client’s Estate sales idea discusses the need for long-term care services. It also includes a case study that examines the impact a life insurance policy with a long-term care rider can have on a client’s estate using two contrasting scenarios. For even more information
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Industry News, Life Insurance, Long-Term Care, and Mutual of Omaha (& Affiliates).
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Improvements to Our Accelerated Underwriting Program
Since we introduced our Accelerated Underwriting program, we have continued to review the program and make enhancements. We are pleased to announce that we are improving our Accelerated Underwriting Program once again. Effectively immediately, we are: Increasing the Accelerated Underwriting maximum issue age from age 55 to age 60 Making the $2 million maximum that was announced in April a permanent increase Our Accelerated Underwriting program is available for Term Life Answers, Income Advantage IUL and Life Protection Advantage IUL. The process is easy. Simply submit a Speed eTicket (drop ticket), ExamOne contacts the client, and we take care of
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Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
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It’s Clear How Our IULs Are Renewing
At United of Omaha, we have a goal to be as transparent and as fair as possible in our IUL renewal rate setting process. We do this by not only providing you with our historical indexed interest crediting rates, but also with our renewal participation rates and caps. You will see there has been no difference in the participation rates and caps on our inforce policies and our new policies. Many carriers don’t publish their renewal rates. Oftentimes, it’s because they don’t want you to see when they have lowered their participation rates and caps on existing business, while continuing
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New Blood-Borne Pathogen Test Consent Form in Washington
Beginning June 11, 2020, the state of Washington is requiring the HIV Consent Form to be replaced with a new Blood-Borne Pathogen Test Informed Consent Form. The Washington fully-underwritten life insurance application packets have already been updated to include the new form. We encourage you to update your application packets as soon as possible to ensure you are using the correct forms. If you have printed versions of the Washington application packets, please replace the HIV Consent form with the new Blood-Borne Pathogen Test Informed Consent Form. If you need new fully-underwritten application kits in Washington, you can either download
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