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. Check out the TLE product guide to learn more. TLE: Simple and Versatile #goldencareagent #mutualofomaha
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IULs Rise to the Top, Two Years Running
For the second year in a row, Mutual of Omaha has been named “Best Indexed Universal Life Insurance” by Investopedia. What Makes Mutual of Omaha’s IUL products stand out? Investopedia highlights that Mutual of Omaha policies are: Straightforward and relatively easy-to-understand Flexible, so that customers can tailor their coverage to best suits their individual goals Backed by our excellent financial strength ratings This recent announcement reinforces Mutual of Omaha as a leader in the indexed universal life insurance market. We are proud of the recognition and committed to providing strong and valuable products for you and your customers. Thank you
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Strength and Stability You Can Count On
Over the past month you have probably seen a lot of product announcements from many carriers who are required to adjust their illustrations and products to comply with the new AG-49 revisions. You may be wondering when the Mutual of Omaha announcement would show up and here it is: “no changes required.” We do not need to make any changes to our indexed universal life (IUL) product portfolio or illustration software, we are already compliant. From the very beginning, we structured our IUL products to stand the test of time by building them with the lowest cost structure – no
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Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
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New Underwriting Updates for TLE and IUL Express
We are excited to announce updates to our Underwriting Guidelines and application forms for Term Life Express and IUL Express. Effective April 22, 2023, the following changes will be implemented to help make our policies more accessible for your clients. We have lowered the age for Diabetes automatic declines. Diabetes will be automatically declined when diagnosed prior to age 45 (except in CA, the age is 50) Marijuana is no longer considered an “unlawful drug” for the purposes of the application and underwriting The lookback period for hospitalization due to High Blood Pressure or Mental Health has been reduced from
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No Hidden Caps or Participation Rate Changes With Our IULs
At Mutual of Omaha, we proudly publish our cap and participation rate history for all three of our IUL products each month—displaying our stability, with no hidden cap or participation rate changes. And, providing yet another reason why our indexed universal life products are a great choice for your clients. Life Protection Advantage IUL Historical Crediting Rates Income Advantage IUL Historical Crediting Rates IULE Historical Crediting Rates Find out more about our IUL portfolio at DiscoverIUL.com! No Hidden Caps or Participation Rate Changes With Our IULs #goldencareagent #mutualofomaha
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Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
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You’re in Luck: Issue Ages Increased on IULE and TLE
In case you missed it on March 1, 2023, we increased the maximum issue ages on IUL Express and Term Life Express Non-ROP (10T) products. These enhancements will position our Simplified Issue product options to be available in more sales scenarios and will serve a wider range of clients. Below are some of the key updates you will need to know: IUL Express: Maximum issue ages for both Tobacco and Non-Tobacco ratings will increase to age 75 Currently Non-Tobacco is age 70 and Tobacco is age 65 Maximum face amount for ages 71-75 will remain $150,000 Term Life Express
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Close the Sale Faster with Automated Underwriting
With Automated Underwriting, you receive a point-of-sale decision day or night with your clients. The process is simple — use the iPipeline iGO e-App on your IUL Express, Living Promise, and Term Life Express applications and it will automatically go through Automated Underwriting. Looking for e-App training, or simply want to understand the process better? Check out our e-App training videos. They walk you through each step of the process – or you can skip ahead to the specific section you need. IUL Express Living Promise Term Life Express Find these helpful resources and more on mutualofomaha.com/simple. No need to
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Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
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NAIC Guidelines for Brokerage General Agents in New York
** This is a reminder notification — there is no action required on your part ** To All Brokerage General Agents in New York Following the NAIC Guidelines, Companion Life Insurance Company is required to provide all of its New York producers with information about the expense allocation method used by the company in its illustrations for the state of New York. Please see the paragraph in bold below. Pursuant to the life insurance Illustration Reform legislation adopted in NY, this communication is a reminder to you that Companion Life Insurance Company uses a Generally Recognized Expense Table (“GRET”) to
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Expense Allocation Method in United of Omaha Illustrations
** This is a reminder notification — there is no action required on your part ** Following the NAIC Guidelines, United of Omaha Life Insurance Company is required to provide all of its producers with information about the expense allocation method used by the company in its illustrations. Please look below to see if this information pertains to your state and then, read the paragraph in bold below accordingly. This communication pertains to Illustration Reform states only, which include: AK, AL, CA, CO, CT, DE, HI, IA, IL, IN, KS, KY, LA, MA, MD, ME, MN, MO, MS, MT, NC,
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Help Clients Understand Their IUL Express Allocation Options
The accumulation value within an Indexed Universal Life Express (IUL Express) policy earns interest at a rate that is calculated based on the performance of a market index. If you use the IUL Express Easy Solve, the 100% participation rate crediting strategy will be selected, but your clients also have additional crediting strategy options. Your clients can choose from three crediting strategies, all based on the performance of the S&P 500, as well as a fixed account. This allows them to tailor their policy based on how they believe the index will perform. Clients can choose to allocate all of
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