Effective February 1, 2021, the IUL maximum illustrated rates in WinFlex Web will increase as follows: Income Advantage IUL: 100% Participation Rate with 10% Cap: Increasing from 6.17% to 6.20% 140% Participation Rate with 7% Cap: Increasing from 4.74% to 4.77% 50% Participation Rate with No Cap: Increasing from 5.80% to 5.84% Life Protection Advantage IUL: 100% Participation Rate with 8.5% Cap: Increasing from 5.42% to 5.45% 140% Participation Rate with 6% Cap: Increasing from 4.11% to 4.14% 40% Participation Rate with No Cap: Increasing from 4.66% to 4.69% IUL Express: 100% Participation Rate with 9.25% Cap: Increasing from 5.80%
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Transamerica Discontinues Selling LTC
TRANSAMERICA TO DISCONTINUE STANDALONE LONG TERM CARE As announced December 10, 2020, on Capital Markets Day by Aegon CEO Lard Friese, Transamerica will discontinue sales of our individual, standalone Long Term Care (LTC) business on March 31, 2021. In addition, acceptance of applications under approved multi-life cases (worksite and association) will end on June 30, 2021. LTC riders on life insurance policies are not affected. The only impacted products are TransCare® II and TransCare® III. It’s important that you know your clients with existing policies are not impacted. Their customer experience will stay the same, and they will not experience
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National Guardian Life Acquires Everplans
NGL acquires Everplans, laying a foundation for expansion to become a digital leader in the insurance and employee benefit landscape We are pleased to announce the acquisition of Everplans, a New York City-based digital life-planning and organization company. Everplans will remain a separate entity and operate as a wholly owned subsidiary of NGL. Together these companies will be able to provide families across the country with easy, affordable and accessible ways to prepare for the unexpected, and be able to securely track and manage vital information throughout their lives, and during challenging times. “We have been helping people face life’s
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A.M. Best Reaffirms Financial Strength Rating of Mutual of Omaha & Its Subsidiaries
A.M. Best performed their annual rating committee review on Mutual of Omaha and affirmed our financial strength rating of A+ (Superior) with a stable ratings outlook. The ratings reflect Mutual of Omaha’s balance sheet strength, which A.M. Best categorizes as very strong, as well as our strong operating performance, favorable business profile and appropriate enterprise risk management. Mutual of Omaha has experienced favorable capital growth, with a notable increase in 2020 as a result of closing on its sale of Mutual of Omaha Bank, reinsurance transactions and strong operating performance, which have all helped increase its risk-adjusted capital levels. The
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LAUNCH your 2021 Thrivent LTCi Sales!
Thrivent LTCi incentive through 3/31/21 GoldenCare is now offering a producer incentive for business submitted in the first quarter and in-force by 5/31/2021. For Thrivent long term care insurance applications submitted between 1/1/2021 and 3/31/2021 and in-force by 5/31/2021 RULES: For each Thrivent LTCI application submitted during this incentive, you will earn an extra $150 per life (if policy in-force and paid by 5/31/21). There is no cap to this incentive. Incentive will be paid in June 2021, as an additional compensation and 1099 income. This is not a carrier-sponsored incentive. It is promoted independently by GoldenCare. Questions? Contact GoldenCare
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Helpful How-To Videos for GTL’s e-App
Need help walking through the e-App quoting and application process? Need an overview on the new GTLink or supply ordering? See below for new how-to videos! Are you using the GTL e-App this AEP? Our e-App is your digital assistant for all that you need to sell GTL this AEP! If you need help walking through how to use the e-App or Agent Portal, tap the “Agent Help” button on the login screen. By clicking on the button you will have access to every step-by-step video that addresses the most common questions agents have regarding the e-App.
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How Section 7702 Changes Will Impact the Life Insurance Industry
In this Advanced Markets Minute, we look at the changes that were made to the definition of life insurance under Section 7702 of the Internal Revenue Code. Perhaps some of you have heard about the changes that were made. If you have, you may have even heard that this will allow more money to go into the cash value of life insurance. Or maybe you’ve heard that it is a good thing for whole life insurance. Maybe you’ve heard nothing or are just confused about the whole thing. This article should help you understand the changes and how they affect
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Customize a Living Promise Postcard
Living Promise Whole Life Insurance can help ease the financial burden associated with outstanding medical bills, debt and final expenses. It offers your clients affordable premium rates that never increase, no medical exam is required and the policy can’t be canceled as long as premiums are paid and there has been no material misrepresentation. Call Mutual of Omaha’s Sales Support at 1-800-693-6083 to customize our Living Promise rate postcard today! Customize a Living Promise Postcard #goldencareagent #mutualofomaha
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Medicare Solutions – Omaha Family of Companies
Medicare Supplement: Upcoming Rate Adjustments View upcoming rate adjustments for Iowa and South Dakota, effective March 1, 2021. New Contact Card is Available Not sure who to contact, at Mutual of Omaha, with your questions? Check out our new, comprehensive contact card! Dental: Spotlight on Dental- Our Product Only 12% of Medicare supplement clients have dental coverage, yet 87% of that group has their natural teeth? Find out why Mutual of Omaha’s Medicare supplement and Dental plans are better together. Dental Rate Reductions and Discounts Effective February 1, 2021, New Jersey and Washington will be taking a
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Cash and Reimbursement… The Best of Both Worlds
MutualCare® Solutions policies give your clients two options on receiving long-term care benefits – cash or reimbursement. Cash Benefit The cash benefit can be used for any services that supports the plan of care. Plus, there is no elimination period to meet before receiving the cash. Reimbursement Benefit After the elimination period is met, the reimbursement benefit allows your client to access covered long-term care services, reimbursed up to the selected amount each month. Best of all, your clients have the flexibility to switch between the cash or reimbursement benefit at any time. For more details on the MutualCare® Solutions
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