How does the insurance industry define controlled business? Insurance business over which an insurance producer is able to exercise personal influence. Some states prohibit a producer from obtaining or continuing to hold a producer license if more than a certain percentage of the producer’s business is generated through controlled business.* * https://www.naic.org/documents/prod_serv_marketreg_stl_hb.pdf How does Mutual of Omaha define controlled business? An application is considered controlled business when the producer is related to the proposed insured or owner. Additional controlled business indicators include same last name and bank account information. Our controlled business FAQ can help explain what controlled
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Updated Occupation Question in e-App
The occupation question for Indexed Universal Life Express (IUL Express) and Term Life Express (TLE) e-Applications will now feature a pick-list format with clarifying questions. When an occupation is selected from the pick-list any associated clarifying questions will populate and you will receive an instant underwriting decision based on the answer(s) given. If “Other Occupation” is selected, no clarifying questions will populate. Below is a screenshot of the new format: If you have questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083. Updated Occupation Question in e-App #goldencareagent #mutualofomaha
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Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
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Medicare Solutions – Omaha Family of Companies
Medicare Supplement: Upcoming Rate Adjustments View upcoming rate adjustments for various states. Medicare Supplement Underwriting Rules An important reminder about CMS requirements for Open Enrollment and Guaranteed Issue Medicare supplement applications. Here Today, Gone Tomorrow: AEP is Coming The Annual Enrollment Period is a great opportunity to grow your business and help your clients find the Med supp insurance plan that protects them best. New Medicare Supplement Plans in Michigan Effective October 7, 2021, you may begin selling new Medicare supplement plans in Michigan. #goldencareagent #mutualofomaha
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Revised Pre-Authorized Premium Paying Service forms
Revised Pre-Authorized Premium Paying Service forms The “Pre-Authorized Check (PAC) Premium Payment Service forms used to request ongoing PAC premium payments for the EssentialLTC Product have been revised effective October 1, 2021. There are two versions of this PAC form, which vary by state. Form Name: New Form Number: Replaced Form Number: Form utilized in: Pre-Authorized Check (PAC) Premium Payment Service ICC16-NLTCAPA 09/21 ICC16-NLTCAPA Compact Approved states: AK, AL, AR, CO, GA, IA, ID, IL, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, NC, NE, NH, NM, NV, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA,
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My Account: A modern way to provide service
My Account benefits you and your clients At Securian Financial, we know people are busy. That’s why we developed My Account — a simple, safe and secure way for your clients to access their life insurance policies with us. When clients register for My Account or download the app, they can: Pay their life insurance premiums or sign up for auto-payments Share account access with other My Account users Update contact and beneficiary information Submit transactions and more To learn more about My Account and how you and your clients can access it, visit our website. Access resources
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Are You Ready for the Annual Enrollment Period?
The Annual Enrollment Period Journey Begins Soon The upcoming Medicare Annual Enrollment Period is your chance to help meet your senior-age clients’ needs. As you prepare for this fast-paced journey – the Annual Enrollment Period begins Oct. 15 and ends on Dec. 7, 2021 – here are just some of the ways Mutual of Omaha supports your sales efforts: Easy-to-Use e-Apps Our Med supp e-App is the easiest and fastest way to get business issued. Attention-Getting Marketing Resources Make a strong first impression with our marketing and prospecting materials. Value-Added Perks for Customers All Med supp policies include perks to
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Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
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Thrivent LTC: Committed to supporting your business
Committed to supporting your long-term care business Know that our goals remains to get all LTC applications submitted prior to June 17 issued by Nov. 1. Our underwriting and case management team is currently working over-time and weekends to make this happen. We have done many things, including but not limited to adding staff, technology improvements, and offering overtime to help handle the increased volume. We are vigorously pursuing additional options to enable the team to work through the high pending volume and process this important business as quickly as possible. I’ll provide you another update early next month to
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Send HIP Quotes Directly with GTL’s Quote-to-Consumer Functionality
Send Hospital Indemnity quotes directly to your clients from the Agent Portal and have them complete the application! Watch our walk-through webinar recording by clicking the button below to learn more. Watch the Webinar Recording This easy-to-use Quote-to-Consumer functionality is also available for our NEW Advantage Plus Elite! Reach more clients and write more business faster with GTL’s new Quote-to-Consumer functionality on the Agent Portal! The Agent Portal gives you the ability to send Advantage Plus and Advantage Plus Elite quotes directly to your clients by clicking the new green button “Invite Customer to Apply” at the bottom
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Guarantee Trust Life, Hospital Indemnity Plan, and Industry News.
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Share the News: New SureBridge DVH Incentives
Earn $200 for 10 apps submitted to SureBridge for a limited time. It’s time to give your business and your bank account a boost. SureBridge DVH offers your Medicare clients the competitively priced ancillary coverage they need. And gives you the opportunity to bring in additional commissions year-round—plus, limited-time incentives right now! YOU EARN $200 FOR EVERY 10 apps you submit INCENTIVE PERIOD: AUGUST 1 — DECEMBER 1, 2021 Set yourself apart from the competition by adding sales with clients who already know you—retaining their business while improving your annual income. New SureBridge DVH Incentive Flyer Questions? Contact SureBridge
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NGL EssentialLTC – Underwriting Update
Washington State Underwriting Update We are pleased to announce that we are making good progress with Washington State applications. All cases submitted in good order are under review or actively being underwritten with completed prescription drug check reports and medical records on order. Telephone interviews Due to the volume of applications received our normal timing of telephone interviews is delayed. Please be assured that all interviews will take place in an orderly fashion. The applications received in the last two weeks of accepting Washington State business are experiencing the most delays. We ask for your patience in those cases. When
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