An Update on Temporary Changes to Our Business Limits

May 1, 2020 | by | Comments Off on An Update on Temporary Changes to Our Business Limits

COVID-19 Update: Temporary Changes to Our Business Limits As we continue to monitor the challenges of the COVID-19 pandemic, we remain committed to operating in an informed, responsible manner that upholds our commitment to maintaining financial strength. These decisions help ensure that we continue to be there for our customers when they need us the most. With that in mind, we believe it’s prudent to make a few temporary changes to our business limits. These changes only apply to business received after May 1. Our new guidelines are as follows: Care Solutions Business For Care Solutions, the temporary changes to
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Categories: COVID-19, Industry News, Linked Benefit/Hybrids, and OneAmerica.
Tags: Asset Care, Coronavirus, COVID-19, hybrid, insurance, linked benefit, LTC, oneamerica, pandemic, State Life, training, and virus.

Important Long Term Care COVID-19 Update

May 1, 2020 | by | Comments Off on Important Long Term Care COVID-19 Update

LONG TERM CARE PRODUCT GRACE AND LAPSE PERIOD CHANGES Amid the changes we’re making to help agents conduct business during the COVID-19 pandemic, we’ve received guidance regarding how long we can extend grace and lapse periods for long term care policies. We are extending premium payment due dates by an additional 30 or 60 days.* Customers have 90 days from the due date to pay premiums and keep their insurance coverage. Customers should know: Existing policy holders will receive a one-time mailing outlining this extension — please see the non-TFLICNY state-specific letter, and the TFLICNY New York letter for reference
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Categories: COVID-19, Industry News, and Long-Term Care.
Tags: Agent Resource Center, ARC, insurance, Long-Term Care, long-term care insurance, LTC, LTCi, and Transamerica.

Precision Care Now Available in Washington!

May 1, 2020 | by | Comments Off on Precision Care Now Available in Washington!

Precision CareTM now available in Washington! Available on Paper — Agent Portal and e-App coming soon! GTL’s Precision CareTM Cancer Insurance is a revolutionary lump sum cancer plan that also pays for your clients’ access to TGen’s world-class genomic sequencing services and one-on-one consultations. Watch Video View Website Order Supplies On GTLink   Watch the recording now for an in-depth look at GTL’s Precision CareTM Cancer Insurance! WATCH RECORDING     GTL’s New Precision CareTM is currently available for the following states. More coming soon!   Precision Care Now Available in Washington   #goldencareagent #gtl #tgen
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Categories: Critical Illness, Guarantee Trust Life, and Industry News.
Tags: cancer, genomic sequencing, GTL, Guarantee Trust Life, insurance, Precision Care, and TGen.

Medicare Supplement COVID-19 UPDATE

May 1, 2020 | by | Comments Off on Medicare Supplement COVID-19 UPDATE

MEDICARE SUPPLEMENT COVID-19 UPDATE POLICY MAILING AND GRACE PERIOD EXTENSION We hope this email finds you and your loved ones doing well. Unprecedented times call for agile solutions. As COVID-19 concerns continue to grow, we want you to know we’re working hard for your business and your clients. Click the link below to see some of the steps we’re taking to respond, including mailing policies directly to clients and extending grace and lapse periods. We’ll update this page regularly, so please bookmark it to stay up to date. View More   Medicare Supplement COVID-19 UPDATE   #goldencareagent #transamerica
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Categories: COVID-19, Industry News, and Medicare Supp./Adv..
Tags: Agent Resource Center, ARC, insurance, Long-Term Care, long-term care insurance, LTC, LTCi, Med Supp, medicare, Medigap, and Transamerica.

New Partnership policy states and updated marketing materials

April 20, 2020 | by | Comments Off on New Partnership policy states and updated marketing materials

EssentialLTC now available as Partnership policy in four additional states We are pleased to announce effective April 17, 2020, National Guardian Life Insurance Company’s (NGL) EssentialLTC is now available as a Partnership policy in Maryland, New Mexico, Pennsylvania and Virginia. Click here for more information and a list of new or additional application forms required for these states. The forms for each state will be available on the Agent Resource Center​​​ on Friday, April 17. Updated marketing materials Newly updated marketing materials are now available and ready for you to download from the Agent Resource Center​​​. We will continue to
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Categories: COVID-19, Industry News, Long-Term Care, and National Guardian Life.
Tags: EssentialLTC, insurance, Long-Term Care, long-term care insurance, LTC, LTCi, National Guardian Life, and NGL.

Important Life Underwriting Update

April 20, 2020 | by | Comments Off on Important Life Underwriting Update

Throughout the rapidly evolving pandemic, Mutual of Omaha has been continuously evaluating our underwriting and new business practices to support business continuity, deliver a consistently high level of service, and maintain our financial strength. As a result, effective Wednesday, April 15, 2020, we are implementing the following temporary changes to our life insurance underwriting guidelines. These changes apply to all fully-underwritten life insurance cases that are not already approved or issued. This includes any newly submitted and pending in-house cases, whether formal or informal. Postponements Due to International Travel All fully-underwritten life insurance cases where the proposed insured has plans
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Categories: COVID-19, Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: DI, disability income, income protection, insurance, mutual of omaha, omaha, PIP, Priority Income Protection, tax, and tax advantages.

From our Advanced Markets Team: LTCi – Self-Insurance or Self-Delusion?

April 20, 2020 | by | Comments Off on From our Advanced Markets Team: LTCi – Self-Insurance or Self-Delusion?

LTC: Self-Insurance or Self-Delusion? Hear from our Advanced Markets Team! Some clients say they would prefer to self-insure instead of purchasing a long-term care policy. And while that may sound like the cheaper option, there are a lot of moving parts here that clients often don’t consider. You can learn more about the pitfalls of self-insurance from Stephen Alloy on our Advanced Markets team here.   From our Advanced Markets Team: LTCi – Self-Insurance or Self-Delusion?   #goldencareagent #mutualofomaha #longtermcare
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: inflation protection, inflation rider, insurance, Long-Term Care, long-term care insurance, LTC, LTC Conversation, LTC Planning, LTCi, mutual of omaha, omaha, and premium.

Policyholder Rerate Letter Update

April 20, 2020 | by | Comments Off on Policyholder Rerate Letter Update

Mutual of Omaha and its affiliates provide notification to our Medicare supplement policyholders of their upcoming rate adjustments. Notification letters are sent in accordance with state regulations 30 or more days in advance of the effective date of the rate change. As we adjust business practices in response to the Covid-19 virus, we want to assure our Medicare supplement policyholders we are aware that many may be economically impacted. Currently, we are adding the following copy to our re-rate notification letters.   “If you are experiencing hardship due to the coronavirus (COVID-19) pandemic and need additional time to pay your
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Categories: COVID-19, Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
Tags: insurance, medicare, Medicare Advantage, Medigap, mutual of omaha, omaha, Omaha Insurance, Omaha Supplemental Insurance Company, OSIC, PDP, Prescription Drug Plans, and Rx.

Increased Simplified Underwriting Amounts for Disability Income

April 20, 2020 | by | Comments Off on Increased Simplified Underwriting Amounts for Disability Income

Mutual of Omaha is committed to helping you continue to meet the income protection needs of your clients. We have good news to share, to make it easier to sell disability income insurance. Effective immediately, we are making the following enhancement to new applications for simplified underwriting guidelines: Increasing the amount from $3,000 to $6,000 of monthly benefit Advantages of Simplified Underwriting: Ages 18-45, no labs up to and including $6,000 Age 46+ blood urine, physical data No financial requirements up to and including $6,000 monthly benefit, all benefit periods* *If requesting the self-employed discount, two-year financial documentation will be
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Categories: COVID-19, Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).
Tags: DI, disability income, income protection, insurance, mutual of omaha, omaha, PIP, Priority Income Protection, tax, and tax advantages.

Medicare News – Omaha Family of Companies

April 20, 2020 | by | Comments Off on Medicare News – Omaha Family of Companies

Medicare Supplement: Upcoming Rate Adjustments View upcoming Med supp rate adjustments in Connecticut, Missouri and Nebraska.   May Rate Releases View new Med supp rates effective May 1, 2020 in Colorado, Florida and Maryland.   2020 Marketing Credits Program Learn how you can earn credits to pay for business expenses that help build your Medicare supplement and dental business.   Policyholder Rerate Letter Update Medicare supplement policyholder rerate letters now provide for customer service contact for individuals impacted by Covid-19 to discuss their premium payment options.   #goldencareagent #mutualofomaha
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
Tags: insurance, medicare, Medicare Advantage, mutual of omaha, omaha, Omaha Insurance, Omaha Supplemental Insurance Company, OSIC, PDP, Prescription Drug Plans, and Rx.