The IUL Express process guide takes you through the step-by-step process to sell IUL Express. This guide walks you through: How to run an IUL Express quote How to complete and submit the application packet Simplified underwriting Delivering the policy Looking for even more training on IUL Express? Check out our producer training video on MutualofOmaha.com/Simple. IUL Express in Four Simple Steps #goldencareagent #mutualofomaha #life
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Important Update from NGL
Committed to safety At National Guardian Life Insurance Company (NGL), we care deeply for the safety and well-being of our partners, agents, customers and employees. We have been closely monitoring the latest local and national reports from the Centers for Disease Control (CDC) concerning the coronavirus (COVID-19). We are committed to the health of our employees and community and that is why we decided to help reduce the spread of the coronavirus by asking employees to work remotely if possible. This resolution is the best way for us to keep our employees safe and to continue providing you with the
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Reminder: Kemper Senior Solutions Product Discontinuation 3/31/2020
REMINDER: — Kemper has made the decision to discontinue new business sales within the Kemper Senior Solutions market segment. Kemper’s Life Insurance products were already impacted, with new business no longer being accepted as of January 1, 2020. The stand-alone Home Health Care product will be discontinued March 31, 2020. Applications must be signed on or before March 31, 2020 to be accepted. Be assured, all existing in-force business will continue to receive the same high standard of service they have come to expect. We sincerely appreciate your support for the KSS products and will do everything to make this
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Thrivent 101 – Producer Reference Flyer
Thrivent Financial is not new to Long Term Care Insurance or to financial planning, but Thrivent is new to brokerage distribution. Thrivent is also one of the only fraternal insurers offering solutions outside its captive distribution. As such, many producers are not familiar with how to best position Thrivent as an option or discuss a fraternal’s unique structure to clients. Our Thrivent 101 Producer Flyer discusses: Explaining Fraternal Benefit Societies, Thrivent’s common bond, and how that common bond is outlined in the application. How simple the conversation about faith and teeing up Thrivent can be. Don’t make this complicated! How
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Thrivent LTCi – Updates to eApp
eApps are already starting to come in from Thrivent’s recently launched iGo tool. Please note a few updates designed to make the process smoother. Thrivent has created a video walkthrough of the eApp, where the Product Development team also walks producers through the built-in illustration system. Click here for the Thrivent eApp Video Walkthrough Thrivent has also revised the User Guide and Illustration guide to provide more clarity. User Guide updates: Representative’s Information (Page 17) Updated to clarify that when entering your Thrivent Agent Code, just enter the last 5 digits of your Thrivent ID – exclude the F0 part
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In-Force Rate Action Announcement: Washington DC (PCS II)
> PCS II with Stable Premium 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. Washington DC has now allowed the following increases: Washington DC Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods PCS II 10% 10% 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
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Penn Treaty Surcharge
Penn Treaty Surcharge for Active Long Term Care Policyholders Resident in California Genworth Life Insurance Company (GLIC)and Genworth Life and Annuity Insurance Company (GLAIC) (GLIC and GLAIC, collectively Genworth) recently started mailing California Resident LTC policyholders seeking recoupment for assessments made against Genworth by the California Life and Health Insurance Guarantee Association (CLHIGA) for the 2017 Penn Treaty insolvency. CLHIGA assessed all companies writing health insurance in California to make up the shortfall needed to pay Penn Treaty claims caused by that insolvency. This assessment is not unique to Genworth, and Genworth has no affiliation with Penn Treaty. California law
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Medicare Supplement Insurance Premium Rate Changes
Transamerica Premier Life Insurance Company will be implementing Medicare Supplement insurance premium rate changes in the following states for new sales and in force policies. The in force policies that are impacted were originally underwritten by Transamerica Premier Life Insurance Company. State Plan Adjusted Percentage Upload Date New Rate Effective Date District of Columbia A, F, G, N 7.5% increase 2/20/2020 4/1/2020 Delaware A, F G N 9% increase 7% increase 0% increase 2/20/2020 5/1/2020 Idaho A, F, G, N 15% increase 2/20/2020 5/1/2020 Kansas A, F, G, N 10% increase 2/20/2020 5/1/2020 Maryland A, F, G N 7.5% increase
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Supplementing Disability Income Insurance Coverage
Some consumers may have a disability income policy insurance through their employer, it’s important to ask them about how the policy would pay. Consider whether the policy’s monthly benefits would begin to pay benefits soon enough. Clients need to understand their existing coverage to help solve the protection gap. One solution is to supplement current employer coverage with an individual short-term disability income insurance. Short-term coverage can help pay monthly benefits sooner than an employer’s long-term disability insurance policy. And it can pay up until the time employer-sponsored benefits begin. As a producer, you can provide more complete income protection
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Your Guide to Selling Critical Advantage
Wondering how to get started selling Critical Illness insurance, Cancer insurance & Heart Attack/Stroke insurance from our Critical Advantage portfolio? Here’s everything you need to know. It’s easy to understand. The policy pays cash upon diagnosis. There are no medical bills to collect and submit It’s easy to sell. With only three knock-out questions for benefits up to $50,000 for Cancer coverage, you know on the spot if a policy can be issued It’s quick to issue. Express underwriting means your policies are issued in a matter of days, so you get paid quickly The Marketing Tools for Success flyer
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