Preview SecureCare’s new pricing in IN, HI and NJ In response to the historically low interest rate environment, Securian Financial is implementing a pricing update to SecureCare Universal Life and increasing its maximum payment age from age 75 to age 80 in Indiana, Hawaii and New Jersey on October 10, 2020. These product updates are now available to illustrate in Indiana, Hawaii and New Jersey. To run an illustration with the new pricing or the extension of payment durations to age 80 in Indiana, Hawaii and New Jersey, you must select “yes” for “Rate update preview” when running the illustration.
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Sales Idea: A Planning Strategy to Cover Retirement Expenses
At some point in life, someone else – usually the children – may need to step in and manage their parents’ retirement expenses. Typically, this means writing checks from the parents’ checkbook. But, what happens if those funds are depleted? It may mean the child has to write checks from their own checkbook. Help your clients plan for this situation using a Life Protection Advantage IUL policy. Learn how by reading our How Will Your Client’s Retirement Expenses Get Paid? Sales Idea. Sales Idea: A Planning Strategy to Cover Retirement Expenses #goldencareagent #mutualofomaha
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System Maintenance This Weekend
Beginning this Saturday evening we will be completing required system maintenance to our servers. During the maintenance window Sales Professional Access and iPipeline e-Application will be inaccessible. The planned outage will last 7:00 p.m. (CST) Saturday, August 29, 2020 through 7:00 a.m. (CST) Sunday, August 30, 2020. For consideration of additional time zones, the outage window will be: Eastern – 8:00 p.m. Saturday through 8:00 a.m. Sunday Mountain – 6:00 p.m. Saturday through 6:00 a.m. Sunday West Coast – 5:00 p.m. Saturday through 5:00 a.m. Sunday After the brief outage you will be able to access Sales Professional Access and
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WinFlex Tip: Navigating an IUL Illustration Using the New Illustration Contents Menu
Have you spent time looking at the new IUL illustrations that were introduced in July? There were many new features, including a complete redesign to improve the look, updates to the language to make it more client-friendly, a Your Policy Highlights section that gives clients a quick overview of the key benefits, and new table layouts to make the ledgers easier to read. One enhancement that you may not have noticed is the new Table of Contents. While a Table of Contents may not seem like a ‘wow’ feature, it can definitely help you quickly navigate to where you need
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A Case Study: Accumulation, Protection or Both?
Income Advantage IUL can provide your clients with valuable life insurance protection. It also offers the opportunity to accumulate cash value* for future needs, such as supplementing the client’s retirement income. Teaming an Income Advantage policy up with a term life insurance policy may be an ideal solution for clients who want to plan ahead for retirement, but also have a larger temporary life insurance need. Learn more about how this works by looking at our Satisfy the Need for Accumulation and Protection flyer. It includes: A case study showing how this concept works A comparison of taking income immediately
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System Maintenance This Weekend
Beginning this Saturday evening we will be completing required system maintenance to our servers. During the maintenance window Sales Professional Access and iPipeline e-Application will be inaccessible. The planned outage will last 7:00 p.m. (CST) Saturday, August 15, 2020 through 7:00 a.m. (CST) Sunday, August 16, 2020. For consideration of additional time zones, the outage window will be: Eastern – 8:00 p.m. Saturday through 8:00 a.m. Sunday Mountain – 6:00 p.m. Saturday through 6:00 a.m. Sunday West Coast – 5:00 p.m. Saturday through 5:00 a.m. Sunday After the brief outage you will be able to access Sales Professional Access and
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Help Clients Preserve Their Estate with the LTC Rider
Many people work a lifetime to accumulate assets to pave the way for a comfortable retirement and to leave an inheritance for their children. The last thing anyone wants is to see their hard-earned savings depleted to pay for long-term care services. Long-term care services, however, can quickly erode a client’s assets. The Help Preserve Your Client’s Estate sales idea discusses the need for long-term care services. It also includes a case study that examines the impact a life insurance policy with a long-term care rider can have on a client’s estate using two contrasting scenarios. For even more information
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Improvements to Our Accelerated Underwriting Program
Since we introduced our Accelerated Underwriting program, we have continued to review the program and make enhancements. We are pleased to announce that we are improving our Accelerated Underwriting Program once again. Effectively immediately, we are: Increasing the Accelerated Underwriting maximum issue age from age 55 to age 60 Making the $2 million maximum that was announced in April a permanent increase Our Accelerated Underwriting program is available for Term Life Answers, Income Advantage IUL and Life Protection Advantage IUL. The process is easy. Simply submit a Speed eTicket (drop ticket), ExamOne contacts the client, and we take care of
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Reminder: Policyowner Services and Claims Phone Lines
As a reminder, on Thursday, July 30, 2020, our Policyowner Services and Claims departments will be having an all-employee meeting from 9:30 – 10:30 a.m. CST, and will be unavailable for phone calls during this time. We will be available on July 30th from 7:00 – 9:30 CST and from 10:30 – 5:30 CST and can be reached by calling 800-775-1000. We apologize for any inconvenience, and appreciate your understanding as we give our employees an opportunity to attend this live meeting. As a reminder, we provide a number of online self-service* capabilities: Life claims can now be filed online.
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It’s Clear How Our IULs Are Renewing
At United of Omaha, we have a goal to be as transparent and as fair as possible in our IUL renewal rate setting process. We do this by not only providing you with our historical indexed interest crediting rates, but also with our renewal participation rates and caps. You will see there has been no difference in the participation rates and caps on our inforce policies and our new policies. Many carriers don’t publish their renewal rates. Oftentimes, it’s because they don’t want you to see when they have lowered their participation rates and caps on existing business, while continuing
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