Mutual of Omaha is financially strong and we continue to focus on growing our company. Our commitment to growth is what helps ensure that we’ll be around when it comes time for us to deliver on the promises we’ve made to our policyholders. This continued growth requires an investment of capital, and as a mutual company, we rely primarily on our earnings to create new capital. Recently, statutory earnings have been impacted by several economic factors, including a prolonged low interest rate environment. We’re proactively addressing this trend in 2020 to produce positive statutory earnings and maintain our long-term financial
Read More
2020 Life Product Changes: Transition Rules
Effective January 1, 2020, we will be making changes to our life product portfolio, including discontinuing our Guaranteed Universal Life product, repricing our Level and Graded Living Promise Whole Life final expense products, repricing our Term Life Express Non-ROP product and discontinuing our Term Life Express 20-Year ROP product. Below is a summary of the transition rules. More information on these product changes and transition rules can be found in our 2020 Life Product Changes Frequently Asked Questions document. GUL and TLE 20-Year ROP policies: You will still be able to submit applications for GUL and TLE 20-year ROP
Read More
Custom and Secure Brochures Now Available in California
The redesigned MutualCare® Custom and Secure consumer brochures are now available for the state of California. Please discontinue use of old materials. To view/print the redesigned CA MutualCare® Custom Solution brochure, click the image to the left or click here. The new pieces are also available to order through your normal ordering channels. Custom and Secure Brochures Now Available in California #goldencareagent #mutualofomaha
Read More
Medicare News – Omaha Family of Companies
Medicare Supplement: Upcoming Rate Adjustments Upcoming rate adjustments for IL and MO. Medicare Advantage and Prescription Drug Plans: PDP Application Clarification See clarification regarding Mutual of Omaha RX Enrollment Form. #goldencareagent #mutualofomaha
Read More
Cancer Insurance Pays a Lump-Sum Payment for Out-of-Pocket Costs
We all know someone who has received a cancer diagnosis. But in today’s world, a diagnosis does not mean all hope is lost. With advances in medical treatment, most of the people diagnosed will survive and live several more years. With cancer insurance from Mutual of Omaha you can help your clients focus on their recovery by offering them a policy that has a lump-sum payment that can be used for any out-of-pocket expense including: Replacing last income High deductibles Everyday expenses like bills and groceries Use this flyer to show your clients how cancer insurance can help fill their
Read More
Be the First to See Our New LTC Consumer Video
We’re excited to debut something you’ve been asking for: a new consumer video designed to help you introduce the need for LTCi. Show it in a face-to-face setting. Include it as the kick-off for an LTC seminar. Attach it to an email prior to meeting with a client. Use it to generate interest so people will want to meet with you. Despite LTC Awareness Month being behind us, put this video to work for you and keep the momentum going! Be the First to See Our New LTC Consumer Video #goldencareagent #mutualofomaha
Read More
Email Submission for Paper Applications
Sending a fax can be time-consuming and frustrating, that’s why we are pleased to announce paper applications can now be submitted via email. This update is effective immediately and available for all Life products and Health products, excluding Medicare Supplement, Medicare Advantage, Prescription Drug Plans and Long Term Care. While this new capability will streamline the submission process there are some very important steps to follow in order to make sure applications are being submitted correctly and securely. Please ensure you follow this guide when submitting new business and additional requirements via email. Thank you for your business and if
Read More
Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
CHS, critical advantage, critical illness, Dental, DI Choice, disability, Income Advantage IUL, income protection, insurance, IUL, Life Insurance, Life Protection Advantage IUL, mutual of omaha, omaha, PIP, and Priority Income Protection.
CHS, critical advantage, critical illness, Dental, DI Choice, disability, Income Advantage IUL, income protection, insurance, IUL, Life Insurance, Life Protection Advantage IUL, mutual of omaha, omaha, PIP, and Priority Income Protection.
In-Force Rate Action Announcement: Idaho (Pre-PCS, PCS I, PCS II, Choice 1)
> Choice 1 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. Idaho has now allowed the following increases: Idaho Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Pre-PCS 10% 30% PCS I 10% 25% PCS II 10% 20% Choice 1 15% 20% Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to
Read More
In-Force Rate Action Announcement: Idaho (Privileged Choice® and Classic Select®)
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. Idaho has now allowed the following increases: Idaho non-AARP Product Series Increase Percentage Privileged Choice 15% Classic Select 15% Idaho AARP Product Series Increase Percentage Privileged Choice 15% 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 December 3, 2019 and will continue throughout the
Read More
Understanding your Exposure with Telephone Solicitations
Telephone solicitations are an important aspect of insurance marketing. Unfortunately, this has become a high-risk endeavor. The Telephone Consumer Protection Act of 1991, better known as the TCPA, was enacted to protect consumers from unwanted telemarketing calls and faxes. It imposes liability in the form of regulatory fines and incentivizes private plaintiffs to pursue claims with statutory damages of $500 to $1,500 per call, with no limit. Attorneys’ fees for defending TCPA actions can easily reach hundreds of thousands of dollars and multi-million dollar settlements are, unfortunately, a common occurrence. Agents and brokers are expected, and contractually required, to act
Read More
