Effective Thursday, July 22, 2021, for the State of Washington ONLY, Mutual of Omaha is increasing the minimum face amount required on all IUL insurance policy applications that include the long-term care rider to $250,000. This action is being taken to prevent individuals from applying for a life insurance policy with LTC to avoid the Washington State’s Long-Term Care Trust Act payroll tax deduction with no intention of keeping the policy in force. Mutual of Omaha has a responsibility to our policyholders and distribution partners to ensure our product offerings are used as designed, offering lasting life insurance and LTC
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Exciting News Regarding Income Advantage IUL – 7702 & GRO Rider
Have you heard the news? Mutual of Omaha’s Income Advantage IUL product is now compliant with section 7702 as of July 8, 2021. This change has dramatically increased our competitive position in the “Cash Accumulation/Income” IUL marketplace. In addition, to our competitive position, the Income Advantage has some of the lowest internal costs in the industry. When you combine the GRO rider, low cost structure, competitive income values and our no cost Chronic/Terminal Illness or available LTC rider, the Income Advantage IUL should be considered one of your top “go to” IUL products. This change comes as a result of
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Iowa Insurance Department Product Training Requirements
All insurance producers selling Annuities, Long-Term Care or Indexed products in the state of Iowa are required to complete an online continuing education course prior to solicitation of the following products: Product Line Course Requirement Indexed UL One time — 4-hour CE course Annuity One time — 4-hour CE course Long-Term Care One time — 8-hour CE course and thereafter, satisfying the states annual requirements Approved training courses to fulfill these requirements can be found on www.sircon.com. Click on the link “Lookup Education Courses or Transcript” Select Approved Courses Then, select Iowa and click Submit After, you can select
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Industry News, Life Insurance, Long-Term Care, and Mutual of Omaha (& Affiliates).
Income Advantage, Income Advantage IUL, Indexed UL, insurance, IUL, Life Protection Advantage, Life Protection Advantage IUL, Long-Term Care, long-term care insurance, LTC, LTCi, mutual of omaha, MutualCare, MutualCare Solutions, and omaha.
Income Advantage, Income Advantage IUL, Indexed UL, insurance, IUL, Life Protection Advantage, Life Protection Advantage IUL, Long-Term Care, long-term care insurance, LTC, LTCi, mutual of omaha, MutualCare, MutualCare Solutions, and omaha.
