Administrative change to SecureCare UL sales in Washington state In response to new long-term care legislation in the state of Washington, effective August 6, 2021, we are suspending sales of our SecureCare Universal Life (UL) product to residents of Washington state. Here’s what you need to know: Applications received by end of business day August 6, 2021, will be processed as normal. All currently pending SecureCare applications will be processed as normal. Any new applications received from residents of the state of Washington after August 6, 2021, will not be accepted. No exceptions will be made. We anticipate resuming sales
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NGL EssentialLTC – Important Washington State Update
Important Washington State Update NGL is currently processing the influx of business created by the Washington State Cares Fund as efficiently as possible; however, due to the high volume of applications, it is recommended you submit Washington State applications on or before September 3, 2021. Applications submitted on or before this date will have a greater likelihood of being issued by November 1, 2021. We will continue to accept and process business from Washington State after September 3, 2021, but those applications are less likely to be issued before November 1, 2021. Updated Premium Minimum – Applications submitted for less
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Temporary Asset Care product changes for WA, effective July 31
Temporary Asset Care product changes for Washington state, effective July 31 The WA Cares Fund in Washington state has opened the door to important conversations about the potential impact of a long-term care (LTC) event, resulting in increased demand for our asset-based strategies. OneAmerica® is committed to ensuring those seeking alternative or additional coverage to the Washington plan have options. Therefore, to help meet the LTC protection needs for policyholders, as well as the needs of our distribution partners, we are implementing the following temporary changes effective Saturday, July 31: Return of premium: Return of premium (ROP) option will be
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Tom Randall’s Call to Action: Start the Long-Term Care conversation NOW!
From the Desk of Tom Randall Regardless of Which State They Live In… the WA Cares Fund Program MATTERS to Your Clients! It’s Very Important You Understand the New Washington Cares Fund Program. Here’s why, and what you need to tell your clients and prospects! Effective 1/1/22, Washington workers will pay an EXTRA tax of $0.58 per every $100 of earnings… with NO Maximum Limit! If you make $100,000, you would owe an EXTRA $580 tax/year… Even at $50,000, that’s an EXTRA $290 tax/year Worked harder? If you’re at $500,000, that’s an EXTRA $2900/year! For that EXTRA $290 – $2900 tax/year,
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GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
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assessment, case submission, insurance, insurance company, long-term, Long-Term Care, long-term care insurance, LTC, LTC application, Mutual, mutual of omaha, Mutual of Omaha Insurance Company, MutualCare, MutualCare Solutions Product, omaha, policy, WA Cares Fund, WA LTSS Trust Act, and WA Trust Act.
Tom Randall’s Call to Action: Start the Long-Term Care conversation NOW!
From the Desk of Tom Randall Regardless of Which State They Live In… the WA Cares Fund Program MATTERS to Your Clients! It’s Very Important You Understand the New Washington Cares Fund Program. Here’s why, and what you need to tell your clients and prospects! Effective 1/1/22, Washington workers will pay an EXTRA tax of $0.58 per every $100 of earnings… with NO Maximum Limit! If you make $100,000, you would owe an EXTRA $580 tax/year… Even at $50,000, that’s an EXTRA $290 tax/year Worked harder? If you’re at $500,000, that’s an EXTRA $2900/year! For that EXTRA $290 – $2900 tax/year,
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GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
assessment, case submission, insurance, insurance company, long-term, Long-Term Care, long-term care insurance, LTC, LTC application, Mutual, mutual of omaha, Mutual of Omaha Insurance Company, MutualCare, MutualCare Solutions Product, omaha, policy, WA Cares Fund, WA LTSS Trust Act, and WA Trust Act.
assessment, case submission, insurance, insurance company, long-term, Long-Term Care, long-term care insurance, LTC, LTC application, Mutual, mutual of omaha, Mutual of Omaha Insurance Company, MutualCare, MutualCare Solutions Product, omaha, policy, WA Cares Fund, WA LTSS Trust Act, and WA Trust Act.
Home Care Secure Now Available in AR and PA
Home Care Secure is now available in Arkansas and Pennsylvania. This update is now available on Paper, the Agent Portal and on the e-App. Please update your e-App now to see this change. Log into the Agent Portal Home Care Secure, a new short term home health care insurance offering underwritten by GTL, was developed by Home Care Genie and is being offered exclusively as a membership benefit in the Aging at Home Association. The product is available for sales in 19 states including: AL, AR, AZ, CO, GA, IA, IL, IN, KY, LA, MI, NE, NC, OH,
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Updated Hours of Operation for the Client Interview Team
Our Client Interview Team will continue to offer expanded operating hours Monday – Thursday for your convenience. NEW Operating Hours (Effective 8/1/2021) Monday – Thursday: 8:00 a.m. to 8:00 p.m. (CT) Friday: 8:00 a.m. to 5:00 p.m. (CT) Client Interview Team The Client Interview team supports client personal health history interviews for the following product lines: Simplified Issue Life Fully Underwritten Life Critical Illness Disability Income Contact (800) 775-3000: Simplified Issue Life, Fully Underwritten Life, Critical Illness and Disability Income Interviews (800) 749-8652: Disability Income Customer-Assisted e-App Interviews ONLY If you have any questions or concerns, please contact your Sales
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Critical Illness, Disability Income Insurance, Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Agent Service, agent support, critical advantage, critical illness, Customer Service, DI, disability income, insurance, Interview Team, mutual of omaha, Mutual of Omaha Insurance Company, office hours, omaha, United of Omaha, and United World.
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Long-Term Care Rider Minimum Face Amount Increase in the State of WA
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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Who is the IUL Express Client?
People often ask us who this product is designed for or who the target market is. The truth is, the IUL Express product is versatile. It is flexible enough to work for a wide variety of your clients’ needs, but it’s one thing for us to say it and another thing for us to demonstrate it. So, we asked one of our sales directors to pull a random sampling of 10 cases all placed in one single day. Even we were surprised by the flexibility of the IUL Express product. Watch this short IUL Express video to see what we
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Call to Action: Start the Long-Term Care conversation NOW!
From the Desk of Tom Randall Regardless of Which State They Live In… the WA Cares Fund Program MATTERS to Your Clients! It’s Very Important You Understand the New Washington Cares Fund Program. Here’s why, and what you need to tell your clients and prospects! Effective 1/1/22, Washington workers will pay an EXTRA tax of $0.58 per every $100 of earnings… with NO Maximum Limit! If you make $100,000, you would owe an EXTRA $580 tax/year… Even at $50,000, that’s an EXTRA $290 tax/year Worked harder? If you’re at $500,000, that’s an EXTRA $2900/year! For that EXTRA $290 – $2900 tax/year,
Read More
GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
assessment, case submission, insurance, insurance company, long-term, Long-Term Care, long-term care insurance, LTC, LTC application, Mutual, mutual of omaha, Mutual of Omaha Insurance Company, MutualCare, MutualCare Solutions Product, omaha, policy, WA Cares Fund, WA LTSS Trust Act, and WA Trust Act.
assessment, case submission, insurance, insurance company, long-term, Long-Term Care, long-term care insurance, LTC, LTC application, Mutual, mutual of omaha, Mutual of Omaha Insurance Company, MutualCare, MutualCare Solutions Product, omaha, policy, WA Cares Fund, WA LTSS Trust Act, and WA Trust Act.
