A Low-Cost Product Offering High Value

When it comes to indexed universal life (IUL) products, it seems like all products use the same general design. It can be tempting to choose a product based on which illustrates best. However, when you look closer at each product illustration, you’ll start to notice some important differences you and your clients should be aware of. These differences are in the product’s charge structure and in the value-added features the products come with. In our newly updated Cost Comparison flyer, you will uncover: How our cumulative charges compare to our competitors This shows how much of the premium goes towards
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

United of Omaha Products are Now Available on InsMark

United of Omaha’s Indexed Universal Life products are now available to bridge into the InsMark Illustration Software. InsMark is a third-party software designed to help create sales concepts that show the long-term benefits of purchasing permanent life insurance. If you are a current InsMark subscriber, you will see the InsMark bridge icon (shown at the right) when you run our indexed universal life insurance products in WinFlex Web. This bridge will take the data from our IUL illustrations and use it within the InsMark sales concept reports. Some examples of the available reports include: Permanent Insurance vs. Term Insurance Other
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Tax Bracket Risks Brochure Updated for 2021

When tax season arrives, your clients are likely thinking about the past year and the one ahead. But it’s also a good time to talk about the future and their tax situation when they retire. A properly-funded Income AdvantageSM IUL policy is a good way to help your clients plan ahead and minimize their tax risks in retirement. Our newly updated Tax Risks Brochure for 2021 can help you explain the advantages of an IUL policy to your clients. The updated brochure can be ordered through your normal supply channels beginning Friday, February 12, 2021.   Tax Bracket Risks Brochure
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Changes to Section 7702

Changes to Section 7702 in COVID relief legislation Changes drive by low interest rate environment As part of The Consolidated Appropriations Act of 2021, signed into law on December 27, 2020, a change was made to Section 7702 of the Internal Revenue Code. This change outlined several requirements permanent life insurance policies must meet in order to qualify as a life insurance contract for tax purposes. Given the ultra-low interest rate environment, the change assists the life insurance industry by replacing the statutory interest rate assumptions (from 1984) from a previously hard coded 4% rate to a floating rate. These
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Categories: Industry News, Life Insurance, and Securian.

Action needed: Get email notifications for online documents

Action needed: Get email notifications for online documents Coming soon, Securian Financial will stop sending life in-force client service documents by mail and instead send email notifications, when documents are available online. Clients, however, will continue to receive their documents by mail as they do today. To make sure you receive these email notifications, here’s what we need from you: Please email idgwebaccess@securian.com with a preferred email address for life in-force communications for your firm. Contact Securian With Questions For any related questions, please call (833) 365-0322 or email idgwebaccess@securian.com.   #goldencareagent #minnesotalife #securian
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Categories: Industry News, Life Insurance, and Securian.

IUL Max Illustrated Rate Change

Effective February 1, 2021, the IUL maximum illustrated rates in WinFlex Web will increase as follows: Income Advantage IUL: 100% Participation Rate with 10% Cap: Increasing from 6.17% to 6.20% 140% Participation Rate with 7% Cap: Increasing from 4.74% to 4.77% 50% Participation Rate with No Cap: Increasing from 5.80% to 5.84% Life Protection Advantage IUL: 100% Participation Rate with 8.5% Cap: Increasing from 5.42% to 5.45% 140% Participation Rate with 6% Cap: Increasing from 4.11% to 4.14% 40% Participation Rate with No Cap: Increasing from 4.66% to 4.69% IUL Express: 100% Participation Rate with 9.25% Cap: Increasing from 5.80%
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Administrative Alert! Changes to Indexed Life Portfolio

Administrative Alert! Changes to Indexed Life Portfolio Due to the continuing economic impact of the COVID-19 pandemic, it is necessary to reduce cap rates and participation rates on some of the accounts within our Indexed Universal Life product portfolio. These changes will take effect for all premium received and new indexed segments created after Friday, January 15, 2021. All premium received on or before January 15 for approved and existing policies will have current rates applied. Illustrations will be updated January 15, 2021. Many considerations go into determining the cap and participation rates – and we want to make sure
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Categories: Industry News, Life Insurance, and Securian.

Reminder: Holiday Hours for Securian’s SecureCare Team

SecureCare tele-interview and underwriting holiday hours Please take note of the following holiday office closures: Christmas Eve (Dec. 24): Closed at 3 p.m. CST Christmas Day (Dec. 25): Closed Boxing Day (Dec. 26): Closed New Year’s Eve (Dec. 31): Closed at 5 p.m. CST New Year’s Day (Jan. 1): Closed We hope that you and your loved ones stay safe and healthy.   #goldencareagent #minnesotalife #securian
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Categories: Industry News, Life Insurance, and Securian.

IUL Historical Performance is Now Available for IUL Express

At Mutual of Omaha, our goal is to be as transparent as possible in our IUL renewal rate setting process. That’s why we continue to provide you with our historical index interest rates, as well as our renewal participation rates and caps. These flyers have been available for our fully-underwritten IULS; and, now that IUL Express has been available for a full year and inforce policies are hitting their anniversary, we also have a brand new flyer showing our IUL Express Historical Rates. IUL Express Historical Rate Flyer Income Advantage Historical Rates Flyer Life Protection Advantage Historical Rates Flyer These
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Help Your Clients Map Their Course to Retirement

Even when your clients have been smart about planning and saving, there are still risks they face during retirement. Some can’t be managed, but others can – with appropriate planning. An Income Advantage IUL policy can help clients by providing life insurance protection today, and options for the future to help clients minimize their retirement risks. Our Map Your Course materials include consumer-facing brochures that will help you cover both the risks and the “how” behind the IUL solution to those risks. They will help you knowledgeably speak to the value IUL brings to retirement planning. The main Retirement Risks
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).