Important State of Washington Long-Term Care Rider Announcement

From the Desk of Tess Grace & Marty Johnson We have been closely monitoring the sales volumes and regulatory environment with the Washington Cares Fund. Earlier this month, we announced the preferred deadline to submit applications with the Long-Term Care Rider for our Income Advantage and Life Protection Advantage IUL policies in the state of Washington. After further review, we have made the decision to suspend sales of the Long-Term Care Rider effective immediately in the state of Washington. We will continue to accept applications for the Income Advantage and Life Protection Advantage IUL policies that do not include the
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Categories: COVID-19, Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Great news! Our Med supp Alabama rates are among the lowest

We did the research so you don’t have to. It’s hard to keep track of which carrier is lowest in Alabama when Med supp rates change monthly. To help you stay as up-to-date as possible, we ran rates for two of the most popular plans, Plans G and N. And what we saw was great news. What’s the news, you say? Our Medicare supplement comes in at a competitive position in Alabama. Check it out*! Carrier Plan G Plan N Omaha Insurance Company $99.49 $75.34 Average of Top Carriers $86.17 $91.09 * Sample rates as of 7/1/21 for age 67
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Great news! Our Med supp Mississippi rates are among the lowest

We did the research so you don’t have to. It’s hard to keep track of which carrier is lowest in Mississippi when Med supp rates change monthly. To help you stay as up-to-date as possible, we ran rates for two of the most popular plans, Plans G and N. And what we saw was great news. What’s the news, you say? Our Medicare supplement comes in at a competitive position in Mississippi. Check it out*! Carrier Plan G Plan N United World Life Insurance Company $95.09 $76.97 Average of Top Carriers $104.66 $68.52 * Sample rates as of 7/1/21 for
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Great news! Our Med supp Tennessee rates are among the lowest

We did the research so you don’t have to. It’s hard to keep track of which carrier is lowest in Tennessee when Med supp rates change monthly. To help you stay as up-to-date as possible, we ran rates for two of the most popular plans, Plans G and N. And what we saw was great news. What’s the news, you say? Our Medicare supplement comes in at a competitive position in Tennessee. Check it out*! Carrier Plan G Plan N United World Life Insurance Company $97.03 $70.69 Average of Top Carriers $99.34 $83.58 * Sample rates as of 7/1/21 for
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Important changes to Gerber Life Guaranteed Life in New York

Gerber Life announces changes to Guaranteed Life effective 08/11/2021   Product Changes Include: New Policy Form Numbers New York Effective 08/11/2021, the policy form number for Guaranteed Life in New York will change. For a list of policy form numbers and product state availability, click here. Please Note: Any applications received or issued after 08/11/2021 will be issued with the new policy. A cover letter stating there is an updated policy form number will be included in the policy kit for any prior version of the application. Premiums will stay the same.   Updated Applications and Marketing Material All applications
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Categories: Gerber Life, Industry News, and Life Insurance.

Suspension of Asset Care Sales in Washington State, effective Aug. 14

Suspension of Asset Care Sales in Washington State, effective Aug. 14 We have been monitoring the sales and regulatory environment created by the WA Cares Fund. It’s important for OneAmerica® to regularly assess risk to protect our ability to deliver on promises made today and long into the future. Accordingly, we have decided to temporarily suspend sales of our Asset Care product in Washington state effective Aug. 14, 2021.   New Business Submission Rules Beginning Aug. 14, 2021, Asset Care applications in Washington will no longer be accepted. All eApp or paper applications must be received in the Home Office
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

NGL EssentialLTC – Important Washington State Announcement

Important Washington State Announcement The Washington Cares Fund has created widespread interest in private-pay LTC as a planning option. Since NGL is committed to the LTC marketplace, we took actions so we could continue to accept Washington State business. The influx of Washington State business we have received has continued to grow and has reached a point that is beyond our processing capacity. In the last three days, from Washington alone, we have received the equivalent of three months’ worth of submissions from the entire U.S. UPDATES Effective today, August 9, 2021, at 6 p.m. EST (3 p.m. PST), we
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Categories: Industry News, Long-Term Care, and National Guardian Life.

Close the Sale Faster with Automated Underwriting

With Automated Underwriting, you receive a point-of-sale decision day or night with your clients. The process is simple — use the iPipeline iGO e-App on your IUL Express, Living Promise, and Term Life Express applications and it will automatically go through Automated Underwriting. Looking for e-App training, or simply want to understand the process better? Check out our e-App training videos. They walk you through each step of the process – or you can skip ahead to the specific section you need. IUL Express Living Promise Term Life Express Find these helpful resources and more on mutualofomaha.com/simple. No need to
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Important update regarding IUL policies with the Long-Term Care rider in the state of Washington

On July 21st, 2021, we announced an increase to the minimum face amount on all Income Advantage and Life Protection Advantage IUL policies with the LTC Rider to $250,000 in the state of Washington. Your business is important to us and we will make every effort possible to issue policies as soon as possible. However, we cannot guarantee policies will be issued by the Washington deadline. To give your applications the best opportunity of being processed before Washington’s November 1st, 2021 deadline, all applications should be received in the home office no later than Friday, August 6th, 2021. Thank you
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).