Initial Premium Bank Draft Update

In April, we announced an enhancement to our payment system. On all Life products, your clients’ initial premium payments would draft their bank accounts on the day they requested it instead of a few days after. Currently, there is a production issue affecting the enhancement we installed in April and initial premium bank drafts are being processed one to two business days after the date requested. Our IT team is working on a fix to correct this issue as soon as possible. We will notify you as soon as we repair the issue.   If you have any questions, please
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Dust off that book of business

Products in the Critical Advantage Portfolio can be the missing piece to help build your business. With the quick quoting options to the simplicity of the underwriting, Critical Advantage products are a perfect fit for you and your clients. The Critical Advantage Portfolio consists of Critical Illness, Cancer and Heart Attack/Stroke. Most of us know someone who has been diagnosed with one or more of the covered conditions, so the need for these products is great. Other product benefits include: Benefits paid direct to insured Competitive rates Built-in return of premium for Critical Illness To see more benefits of Critical
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).

Medicare News – Omaha Family of Companies

Medicare Supplement: 2019 Medicare Solutions Brochure We now have a Medicare Solutions Brochure, which is a quick guide to use with your Medicare eligible consumer when discussing Mutual of Omaha’s portfolio of senior products.   Medicare Advantage and Prescription Drug Plans: MA/PDP Scope of Appointments Learn which products the Mutual of Omaha Medicare Advantage and Mutual of Omaha Rx SOA covers.   MA/PDP – AHIP Certification Please review the most popular inquires regarding AHIP training. We want to make sure you understand why certification is necessary.   #goldencareagent #mutualofomaha
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Guaranty Income Life Insurance Company: August Rates

AUGUST RATES UNCHANGED   Rates remain unchanged for all Guaranty, AnnuiCare® and FlexPlus offerings as we advance into August. Our 4-year options at 3.15% and 6-year options at 3.50% remain quite attractive. Need an app kit or marketing pieces? Visit Our Presales Page   VIEW OUR RATES HERE     August Rates   #goldencareagent #gilico
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Categories: Guaranty Income, Industry News, and Linked Benefit/Hybrids.

Exciting News from GILICO

Exciting News From GILICO   Guaranty Income Life Insurance Company is pleased to announce a new member to our family of companies, we have entered into an agreement to acquire Lincoln Benefit Life Insurance company and its affiliates. Refer to the official press release below for more details. This addition will significantly strengthen our position in the annuity industry and will provide additional capital, assets under management, recognition and talent. We happily welcome LBL to GILICO and Kuvare’s growing family of companies!   Read the official press release here.     Exciting News from GILICO   #goldencareagent #gilico
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Categories: Guaranty Income, Industry News, and Linked Benefit/Hybrids.

In-Force Rate Action Announcement: Michigan (Classic Select®)

> Classic Select® with Stable Premium Option > 1% Benefit Increase Option As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Michigan has now allowed the following increases: Michigan Product Series Increase Percentage Classic Select 20.3%   Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications. Policyholder notifications will begin July 30, 2019 and will continue throughout the next year.
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Alaska (Classic Select®)

> Classic Select® with Stable Premium Option > 1% Benefit Increase Option As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Alaska has now allowed the following increases: Alaska Product Series Increase Percentage Classic Select 12.2%   Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications. Policyholder notifications will begin July 30, 2019 and will continue throughout the next year.
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Categories: Genworth, Industry News, and Long-Term Care.

AM Best Upgrades GTL’s Financial Strength Rating to A-

  We are extremely excited to announce that AM Best has upgraded GTL’s Financial Strength Rating to A- (Excellent) from B++ (Good) by AM Best! GTL’s Long Term Issuer Credit Rating was also upgraded to “a-“. In today’s press release, AM Best noted that the upgrade reflects GTL’s strong balance sheet strength as well as our strong operating performance. It also stated that “The ratings upgrade for GTL reflects favorable long-term trend of operating results attributed to its hospital indemnity product, Medicare Supplement and its short-term care premium growth.” View the Full Press Release   From all of us at
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Categories: Guarantee Trust Life, Hospital Indemnity Plan, Industry News, Medicare Supp./Adv., and Short-Term Care.

TransCare® II To Become Exclusive Product Offering in CA, FL, DE and HI

TRANSCARE® II TO BECOME EXCLUSIVE PRODUCT OFFERING IN CA, FL, DE, and HI Effective June 27, 2019, TransCare II will be our exclusive product offering in the following states: California, Florida, Delaware, and Hawaii. After that date, TransCare III will be unavailable in those states.   Questions? Please contact the Transamerica sales desk at 888-545-2713.   TransCare® II To Become Exclusive Product Offering in CA, FL, DE and HI   #goldencareagent #transamerica
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Categories: Industry News, Long-Term Care, and Transamerica.

Holiday Telephone Solicitation Bans for the Month of August 2019

Please be aware of the following holidays requiring a holiday telephone solicitation ban for the month of August. On Monday, August 12, 2019: Rhode Island prohibits unsolicited marketing calls to residents in observance of Victory Day On Friday, August 30, 2019: Louisiana prohibits unsolicited marketing calls to residents in observance of Huey P. Long Day Holiday Telephone Solicitation Bans for the Month of August 2019   #goldencareagent #mutualofomaha
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Categories: Industry News and Mutual of Omaha (& Affiliates).