Asset Care Campaign: Meet Michael

September 3, 2019 | by | Comments Off on Asset Care Campaign: Meet Michael

Using Michael’s Story Michael learned about long-term care the way many people in middle age do; he saw the effects his father’s lengthy illness had on his mother when she became a caregiver. His outlook for his own retirement changed as he watched his mother dip into her financial assets to pay for his dad’s illness. This story will help you connect with younger people who have aging parents. It shows the value of starting early to avoid the challenges paying for long-term care in retirement can create. For Michael, we highlight how Asset Care Recurring Premium Whole Life can
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.
Tags: annuity, Asset Care, hybrid, insurance, Long-Term Care, LTC, LTCi, OneAmeica, and State Life.

REMINDER: Genworth’s 2019 Commission Pay Schedule

September 3, 2019 | by | Comments Off on REMINDER: Genworth’s 2019 Commission Pay Schedule

Genworth is changing the timing of the end of year paydown. October 4, 2019 will be the payout for commission payments that have not previously met the minimum payment requirement. Genworth will process all commissions due on October 4, 2019. The $50 minimum payment requirement will resume after October 4, 2019 and will continue through the next commission pay down in 2020. Therefore, there will not be an “end of year” pay down as in previous years. All commission payments, for all products, will be distributed on October 7, 2019. Genworth will resume normal commission payments that have met the
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Categories: Genworth, Industry News, and Long-Term Care.
Tags: commission, Genworth, Genworth Life Insurance Company, insurance, Long-Term Care, LTC, and LTCi.

TLE: Versatile, Simple, Trustworthy

September 3, 2019 | by | Comments Off on TLE: Versatile, Simple, Trustworthy

Families want to protect their home and the life they’ve built for their family. That’s exactly what a Term Life Express product does. But TLE offers more than just affordable coverage. Here are some other benefits of TLE: Versatility Face amounts from $25,000 – $300,000 Living Benefit Riders – at NO additional cost Chronic Illness Rider Terminal Illness Rider Critical Illness Rider Simplicity Quick Issue Simplified underwriting (no blood or urine tests required) e-App Mobile quoting app Trustworthiness Backed by a legacy brand with outstanding financial ratings For clients who are looking to choose an affordable term product – look
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: insurance, Life Insurance, mutual of omaha, omaha, term life, Term Life Express, TLE, and United of Omaha.

We’re Strongest When We Work Together

September 3, 2019 | by | Comments Off on We’re Strongest When We Work Together

Nothing is More Powerful than Passionate People Working Together. Recently, we’ve seen the IUL industry beginning to use complex product features to enhance their hypothetical illustration values. This has taken the focus off of doing what’s right for clients and put it on to which company can manipulate their product to illustrate better values. Choosing a product based on these illustrated values might be appealing, but it may not be what’s best for our industry in the long run. We need to get back to selling IULs based on what they were designed to do and provide customers with a
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: insurance, IUL, life, Life Insurance, mutual of omaha, omaha, Underwriting', and United of Omaha.

Initial Premium Bank Draft Update

September 3, 2019 | by | Comments Off on Initial Premium Bank Draft Update

We recently informed you of a technical issue with our initial premium payment drafts. We have fixed the issue and the bank drafts for initial premium are functioning like normal. When your client requests a specific date for the first premium draft, their bank account will be drafted on the day they requested – not a few days later. If your client picks the second Tuesday of each month – their payment will come out on the second Tuesday of each month. Don’t forget to let your clients know they have options when selecting the date their payment comes out.
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: insurance, Life Insurance, mutual of omaha, omaha, premium draft, and United of Omaha.

Learn the Basics: Living Promise

September 3, 2019 | by | Comments Off on Learn the Basics: Living Promise

If you are a new agent or would just like to learn more about Living Promise (Final Expense) Whole Life Insurance, we’ve made it simple for you. We created this quick, informative video to teach you about the product features and some of the selling points of Living Promise.   Or to view in a separate window, click here.   If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com.   Learn the Basics: Living Promise   #goldencareagent #mutualofomaha
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: insurance, Life Insurance, Living Promise, mutual of omaha, omaha, and United of Omaha.

LTC Post-Issue Requirements: Amendment Scenarios

September 3, 2019 | by | Comments Off on LTC Post-Issue Requirements: Amendment Scenarios

Last week you read the overview of the three types of post issue requirements for LTC policies: amendments, outstanding premiums and Policy Delivery Acknowledgments. Amendments must be returned to Mutual of Omaha within 60 days of your client’s policy being issued. Changes made within the first sixty days from issue will also require a returned amendment. The Benefit Change form found in the issue kit may be used to request a benefit change but is not required, nor is it a replacement for an amendment. Amendments are required for a variety of situations, including: Missing Application Requirements When an application
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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, LTCi, mutual of omaha, omaha, PIR, post-issue requirements, and Underwriting'.

LTC13, Critical Advantage, TLA and Living Promise E-App Unavailable September 1st

August 26, 2019 | by | Comments Off on LTC13, Critical Advantage, TLA and Living Promise E-App Unavailable September 1st

On Sunday, September 1st, the Paperless Solutions Group e-app environment will be temporarily unavailable as we perform routine maintenance. This will affect LTC13, Critical Advantage, TLA and Living Promise product lines. The planned outage will last 5:00 a.m. (CST) Sunday through 5:00 p.m. (CST). For consideration of additional time zones, the outage window will be: Eastern — 6:00 a.m. through 6:00 p.m. Mountain — 4:00 a.m. through 4:00 p.m. West Coast — 3:00 a.m. through 3:00 p.m. We encourage you to take this outage window into consideration when arranging any appointments on Sunday, September 1st. We apologize for any inconvenience
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Categories: Critical Illness, Industry News, Life Insurance, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: compliance, critical advantage, critical illness, e-Application, insurance, Life Insurance, Living Promise, Long-Term Care, long-term care insurance, mutual of omaha, omaha, and United of Omaha.

Rate Adjustments Effective December 2019

August 26, 2019 | by | Comments Off on Rate Adjustments Effective December 2019

Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha and we intend to remain a key player in this market for years to come. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective December 1, 2019: Block of Business Impacted States LTC04G Rhode Island   For a complete rate history, see the state
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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, LTCi, mutual of omaha, omaha, and United of Omaha.

Rate Adjustments Effective November 2019

August 22, 2019 | by | Comments Off on Rate Adjustments Effective November 2019

Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha and we intend to remain a key player in this market for years to come. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective November 1, 2019: Block of Business Impacted States LTC04I, LTC06U Connecticut LT50, LTA, LTAR, NHA and NHAR, Ltc04I, LTC04G, LTC06U
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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, LTCi, mutual of omaha, omana, and United of Omaha.