Encourage Customers to Update Their Email on Customer Access

January 25, 2021 | by | Comments Off on Encourage Customers to Update Their Email on Customer Access

Over the past several years Mutual of Omaha has made a number of enhancements to our customer-facing systems. In doing so, we’ve increased the number of email notifications sent to our customers who have an email address on file. Please encourage customers to provide an email address so they can receive important policy-related communications, including: Payment notification emails: Upcoming automatic deduction Upcoming payment due (if receiving paper billing statements) Payment past due email Payment returned notification (i.e. insufficient funds) New Medicare Supplement Explanations of Benefits available Proxy voting information (Mutual of Omaha customers only; does not pertain to United of
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Categories: Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
Tags: administrative, consumer, consumer-access, Customer Service, insurance, mutual of omaha, omaha, self-service, United of Omaha, and United World.

When You Think of Us, Think ‘Age Last Birthday’

January 25, 2021 | by | No Comments

Many companies set premium rates based on an applicant’s nearest birthday rather than using their actual age. Using age last birthday can: Save your clients when it comes to premium: The client is paying a premium based on their current age, not on the age they will be. Result in fewer underwriting tests: Underwriting requirements are based on age, so the client may have fewer tests when basing the requirements on the client’s current age. Less tests can help save your clients time. For the best possible rates, be sure you use your client’s date of birth when quoting United
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: insurance, Life Insurance, mutual of omaha, Mutual of Omaha Insurance Company, premium, Premiums, rates, Underwriting', and United of Omaha.

LTC Sales Idea: Return of Premium

January 25, 2021 | by | Comments Off on LTC Sales Idea: Return of Premium

If you have clients who don’t want to end up paying premiums for something they may never use, there’s a feature of the policy that can help ease their concerns. Mutual of Omaha Offers Three Return of Premium Options: Add an optional Return of Premium rider to a long-term care policy. Here’s how it works: If the insured dies while the policy is in force, premiums paid minus any policy benefits received by the insured are refunded to the insured’s beneficiary. ROP Benefit ROP Three Times the Maximum Monthly Benefit Less Claims Paid ROP if Death Occurs Before Age 65
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: insurance, Long-Term Care, long-term care insurance, LTC, LTC application, LTCi, mutual of omaha, MutualCare, MutualCare Solutions, omaha, return of premium, and ROP.

Medicare Solutions – Omaha Family of Companies

January 25, 2021 | by | Comments Off on Medicare Solutions – Omaha Family of Companies

Dental: Dental Insurance Applying Made Easy It’s easy to give your clients the dental coverage they need and it starts with the application.   Dental Rate Reduction and Multi-Policy Discount Release Effective in January 2021 our dental products in Pennsylvania will have a 10% rate reduction on our DNT5 product and 15% multi-policy discount when either DNT2 or DNT5 is written with our Med supp policy! Just one more reason to smile!   #goldencareagent #mutualofomaha
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Categories: Dental, Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
Tags: Dental, dental insurance, insurance, medicare, mutual of omaha, omaha, Omaha Insurance, Omaha Supplemental Insurance Company, OSIC, PDP, Prescription Drug Plans, and Rx.

Simplified Issue Underwriting Quick Reference Guide

January 25, 2021 | by | Comments Off on Simplified Issue Underwriting Quick Reference Guide

The Simplified Underwriting Reference Guide provides you with a quick overview of the underwriting requirements for Indexed Universal Life Express (IULE), Term Life Express (TLE), Guaranteed Universal Life Express (GULE) and Living Promise Whole Life (Final Expense). This downloadable one-page flyer provides the basic underwriting requirements by product, the build chart and a summary of some of the ineligible conditions. You can also download this flyer and other Simplified Issue marketing materials by visiting mutualofomaha.com/simple or by logging into Sales Professional Access (SPA).   If you have questions, please contact your Account Executive or Sales Director.   Simplified Issue Underwriting
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: express, Express Underwriting, insurance, Life Insurance, mutual of omaha, Mutual of Omaha Insurance Company, omaha, simplified underwriting, and United of Omaha.

Mass Mutual To Exit Traditional Long Term Care Insurance Market

January 22, 2021 | by | Comments Off on Mass Mutual To Exit Traditional Long Term Care Insurance Market

The traditional long term care insurance arena which once flourished with over 100 underwriters 20 years ago is now down to 9 companies. Mass Mutual has made the decision to stop offering for sale all traditional long term care insurance policies effective January 28th, 2021. Mass Mutual has made the decision to leave the traditional LTC arena due to low traction with sales on its Signature Care 600 policy series released in 2019. This is not surprising news as I thoroughly discussed the non-competitive pricing of the Mass Mutual Signature Care 600 LTC insurance policy series when it was priced
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Categories: Industry News and Long-Term Care.
Tags: insurance, Long-Term Care, long-term care insurance, LTC, LTCi, Mass Mutual, and MassMutual.

Union Security Rate Adjustment – North Carolina

January 21, 2021 | by | Comments Off on Union Security Rate Adjustment – North Carolina

Medicare Supplement Rate Adjustment in North Carolina The following rate adjustments are effective February 1, 2021 for new and in-force business in North Carolina: Lumico Rate Adjustment State Plan A Plan C Plan F Plan G Plan N North Carolina 4.0% 4.0% 4.0% 4.0% 4.0%   Applications signed on or before December 31, 2020 will receive the current rates. Application signed on January 1, 2021, or later, will receive the new 2-1-21 rates. Applications re-dated on or after January 1, 2021 will receive the new 2-1-21 rates. Click to download the new North Carolina Rate Cards   Marketing Materials: For
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Categories: Industry News and Medicare Supp./Adv..
Tags: insurance, Med Supp, medicare, Medicare Supplement, Medicare Supplements, Medigap, Union Security, Union Security Insurance Company, and USIC.

Union Security Rate Adjustment – Iowa

January 21, 2021 | by | Comments Off on Union Security Rate Adjustment – Iowa

Medicare Supplement Rate Adjustment in Iowa The following rate adjustments are effective February 1, 2021 for new and in-force business in Iowa: Lumico Rate Adjustment State Plan A Plan F Plan G Plan N Iowa 7.0% 6.0% 7.0% 3.0%   Applications signed on or before December 31, 2020 will receive the current rates. Application signed on January 1, 2021, or later, will receive the new 2-1-21 rates. Applications re-dated on or after January 1, 2021 will receive the new 2-1-21 rates. Click to download the new Iowa Rate Cards   Marketing Materials: For your convenience, click on the blue tab
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Categories: Industry News and Medicare Supp./Adv..
Tags: insurance, Med Supp, medicare, Medicare Supplement, Medicare Supplements, Medigap, Union Security, Union Security Insurance Company, and USIC.

Union Security Rate Adjustment – Virginia

January 21, 2021 | by | Comments Off on Union Security Rate Adjustment – Virginia

Medicare Supplement Rate Adjustment in Virginia The following rate adjustments are effective February 1, 2021 for new and in-force business in Virginia: Lumico Rate Adjustment State Plan A Plan F Plan G Plan N Virginia 4.0% 5.0% 4.0% 0.0%   Applications signed on or before December 31, 2020 will receive the current rates. Application signed on January 1, 2021, or later, will receive the new 2-1-21 rates. Applications re-dated on or after January 1, 2021 will receive the new 2-1-21 rates. Click to download the new Virginia Rate Cards   Marketing Materials: For your convenience, click on the blue tab
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Categories: Industry News and Medicare Supp./Adv..
Tags: insurance, Med Supp, medicare, Medicare Supplement, Medicare Supplements, Medigap, Union Security, Union Security Insurance Company, and USIC.

Union Security Rate Adjustment – Nevada

January 21, 2021 | by | Comments Off on Union Security Rate Adjustment – Nevada

Medicare Supplement Rate Adjustment in Nevada The following rate adjustments are effective February 1, 2021 for new and in-force business in Nevada: Lumico Rate Adjustment State Plan A Plan F Plan G Plan N Nevada 4.0% 5.0% 4.0% 0.0%   Applications signed on or before December 31, 2020 will receive the current rates. Application signed on January 1, 2021, or later, will receive the new 2-1-21 rates. Applications re-dated on or after January 1, 2021 will receive the new 2-1-21 rates. Click to download the new Nevada Rate Cards   Marketing Materials: For your convenience, click on the blue tab
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Categories: Industry News and Medicare Supp./Adv..
Tags: insurance, Med Supp, medicare, Medicare Supplement, Medicare Supplements, Medigap, Union Security, Union Security Insurance Company, and USIC.