Mutual of Omaha actively monitors our inforce long-term care business, filing rate adjustments when necessary to ensure we keep our promises to policyholders and remain competitive in the marketplace. We will be implementing the following inforce rate adjustments effective September 1, 2023: Impacted Forms Impacted States LTC04G West Virginia LTC04I West Virginia LTC09M West Virginia LTC04I7 West Virginia LTC09U West Virginia LTC06UI West Virginia LT50, NH50, HCA, LTA and NHA Rhode Island For details on yearly rate adjustment percentages, view the supplemental grid here. Policyholder Notification Process Policyholders will receive a letter notifying them at least 60 days prior
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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
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Important Changes to COVID Guidelines
Mutual of Omaha continues to closely monitor our new business and underwriting practices to ensure we create efficiencies and improvements when making business decisions regarding our underwriting guidelines. We are happy to announce the following changes to our COVID guidelines for Fully Underwritten Life, effective June 1, 2023. Acceptance Guidelines Based on Insured’s Issue Age: We are now accepting applications on clients through age 79 without table rating restrictions Additionally, we are now able to consider clients aged 80-85 for Standard risk class ONLY Clients with a Positive COVID Test A Statement of Good Health continues to be required if:
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COVID-19, Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
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NGL: Unleash Your Sales Superpower!
Unleash Your Sales Superpower! From June 1 – 30, 2023 you can earn up to $750 extra just by selling NGL EssentialLTC during our Super Summer Sales Incentive! Promotion details: Each qualified application submitted between 06/01/2023 – 06/30/2023 will earn the writing producer a check for the specified amount above, with a maximum of $750 in total winnings. Applications must be received at the LTC Administrative Office by mail, E-APP or eUpload within the 06/01/2023 – 06/30/2023 time period. Payments will be made in early July after the promotional period ends. Joint applications count as one application. Credit will only
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Upcoming Thrivent Holiday Closure – June 19
Thrivent will be closed June 19th In observance of Juneteenth, Thrivent and our underwriting partners at LTCG, will be closed on 6/19/23. #goldencareagent #thrivent #ltc
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Medicare Solutions – Omaha Family of Companies
Medicare Supplement: Upcoming Rate Adjustments View upcoming rate adjustments for various states. Maryland Birthday Rule – Open Enrollment Period A new Open Enrollment period is available in Maryland starting July 1, 2023. New Addition to the Mutually Well Paid Membership – Burnalong Mutual of Omaha Medicare supplement customers with a Mutually Well paid membership will have access to an additional wellness platform, effective July 1, 2023. Upcoming Rate Adjustments View upcoming rate adjustments for various states. Dental: Dental Solutions for Your Clients Mutual of Omaha offers flexible Dental options that your clients will smile about.
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Don’t Forget to Check Out the Book of Business Download
It hasn’t taken long for Mutual of Omaha’s Book of Business download to climb the best-seller list! With the Book of Business download, you can easily download a complete list of the inforce Mutual of Omaha policies* you have sold in one easy-to-sort file. Having the sortable information in one place keep you better informed about your clients’ coverages and better positions you to answer any questions they may have about their policies. Don’t forget to check out the Book of Business Download! To learn more about the new feature, we have created a Book of Business Instructional Flyer.
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Accident Insurance, Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
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Condition-Related Marketing: Atrial Fibrillation (AFIB)
Condition-Related Marketing: Atrial Fibrillation (AFIB) AFIB is a somewhat common health condition that can raise concern during the underwriting process. We have created a brand new flyer that answers questions specific to the condition for your reference. This piece highlights the distinctions between Atrial Fibrillation and Atrial Flutter, who is at risk, evaluation methods, treatment options and a brief overview of underwriting guidelines. Check out our AFIB flyer #goldencareagent #mutualofomaha
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Important IOLI and STOLI Reminders
United of Omaha Life Insurance Company Position Statement on Insurable Interest April 2021 United of Omaha Life Insurance Company and its affiliates’ (together, “United of Omaha”) are committed to providing financial security to individuals, families and businesses through affordable insurance and financial products. We continually strive to develop life insurance and annuity products that meet our customers’ needs and provide good value at a competitive price. A fundamental principle in providing individual life insurance coverage is the existence of an insurable interest by the proposed owner in the life of the insured. Issuing life insurance coverage to persons who do
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June is Alzheimer’s Awareness Month
Critical illness insurance possesses broad appeal for a variety of reasons. Considering that it covers a number of serious conditions, Alzheimer’s Disease being one of them. According to the Alzheimer’s Association, more than 6 million Americans are living with Alzheimer’s. Our critical illness insurance policy offers direct payment to policyholders that can be used for everything from gap coverage to travel expenses, it has a little something for almost everyone. Learn more about this product and how it offers peace of mind to clients with this flyer Also, check out Mutual of Omaha Brokerage Sales’ LinkedIn page and our
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