Jump in and buckle up! It’s time to pull out into the fast lane! We’re excited to announce that our Indexed Universal Life Express (IUL Express) is off the showroom floor and out on the open road! As of Friday, November 1st, IUL Express peeled out into the IUL market. IUL Express has some of the same benefits of a traditional IUL policy, but does it all faster – faster underwriting, faster approvals and faster coverage for your clients. We also have a host of marketing materials to help you promote and explain IUL Express to your clients, including a
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Reminder! Product portfolio changes and 2017 CSO updates
2017 CSO Updates: Important dates and transition timelines Beginning January 1, 2020, any new life products issued must use the 2017 Commissioners Standard Ordinary (CSO) Table. In an effort to streamline our product offerings and launch new, innovative life insurance products, there will be some changes to our product lineup through the end of the year (2019). Below is a summary of current products and corresponding replacements and retirements. Products that are already 2017 CSO/PBR (Principal-Based Reserving) compliant are excluded from this list. Indexed Universal Life (IUL) Current product Replacement product (2017 CSO/PBR compliant) Orion IUL Eclipse Accumulator IUL (coming
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Have You Ordered Your IUL Express Materials?
Get ready for when IUL Express peels out into the market this Friday, November 1st. If you haven’t ordered your materials or downloaded your state-specific application packets yet, now is the time. A variety of materials are available, including a: Customer Brochure: view PDF Highlight Sheet: view PDF Allocation Option Sheet: view PDF Product Guide: view PDF Process Guide: view PDF Materials can be ordered through Sales Support or your normal supply channel, and your state-specific application packets can be downloaded through Forms & Materials Library on our Sales Professional Access producer website. Plus, we have a variety of resources
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IUL Express is Coming Your Way…
Can you hear that? That’s the sound of the new Indexed Universal Life Express (IUL Express) speeding this way! Once it’s here, you better be buckled up and ready to go, because it’s going to create some real momentum in the IUL market. Our IUL Express product has a lot of the same great features as our traditional IUL, but speeds it all up – faster underwriting, faster approvals and faster coverage for your clients. Beginning on November 1, 2019, this great new product will be available, featuring: Issue ages 18-70 with death benefits of $25,000 to $300,000* Permanent coverage
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Changes to life product portfolio: 2017 CSO updates
Important dates and transition timelines Beginning January 1, 2020, any new life products issued must use the 2017 Commissioners Standard Ordinary (CSO) Table. In an effort to streamline our product offerings and launch new, innovative life insurance products, there will be some changes to our product lineup through the end of the year (2019). Below is a summary of current products and corresponding replacements and retirements. Products that are already 2017 CSO/PBR (Principal-Based Reserving) compliant are excluded from this list. Indexed Universal Life (IUL) Current product Replacement product (2017 CSO/PBR compliant) Orion IUL Eclipse Accumulator IUL (coming December 14, 2019)*
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Our LTC Rider Helps Clients Preserve Their Independence
When the need for long-term care arises, your clients’ primary concerns will be protecting their assets and preserving their independence. Our LTC Rider on Income Advantage IUL and Life Protection Advantage IUL helps your clients to do just that. We offer benefit payment options of 1%, 2% and even as high as 4% on face amounts up to $1.25 million. This allows your clients to purchase up to $50,000 in monthly LTC Rider benefits. And what’s even better, your clients are protected by a company with a proven track record. Mutual of Omaha has offered traditional LTCi for over 30
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IUL Participation Rate and Cap Rate Changes
Effective November 10, 2019, we will be making changes to our participation rates and cap rates on our Income Advantage IUL and Life Protection Advantage IUL products. The slight decreases to the rates come as a result of the current rate environment and the increased market volatility, which causes an increase in options costs. These rate changes will apply to newly issued policies, as well as to any in force policies with a segment that is created (with new premium dollars) or renews on November 10th. With the sweep feature, all money received in the home office on or before
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Strength Must Be Earned – Even in the Insurance Industry
When we offer a product, we know we’re staking a century’s worth of hard-won reputation on it. So we know our IUL products have to be honest and simple. It may sound easy, but the IUL products that are on the market today are growing more complex and increasingly difficult for clients to understand. But not ours. We pride ourselves on having the moral strength to do what’s right for clients and provide them with an IUL that does what they were originally designed to do – offer upside potential and downside protection. Simple. Transparent. Honest. Now that’s strong —
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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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Strong IUL Products from a Company with a Strong Reputation
At Mutual of Omaha, we’ve spent more than a century earning our reputation of strength and integrity. And while the world looks pretty different than it did in 1909, our reputation endures. You don’t have to take our word for it though. Objective, third-party assessments validate and reinforce Mutual of Omaha’s financial strength. We have consistently earned strong ratings from agencies such as A.M. Best, Standard & Poor’s and Moody’s Investors Service. So, with our IUL products, you can focus on selling a strong, honest product without having to sell the company. We’re a name they know and trust, with
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