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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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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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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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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Upcoming Holiday Hours for Securian’s SecureCare Team
SecureCare tele-interview and underwriting holiday hours As challenging as this 2020 year has been, we still want to take a moment to count our blessings this Thanksgiving season and say “Thank You!” for your business and loyalty. Please take note of the following holiday office closures: Thanksgiving Eve (Nov. 25): Closed at 5 p.m. CST Thanksgiving Day (Nov. 26): Closed Black Friday (Nov. 27): Closed 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
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Securian LTC Awareness Month
Long-term care (LTC) consumer social media e-toolkit Long-Term Care Insurance Awareness Month is already under way — use this toolkit to help educate and engage prospects. Leverage the kit’s pre-built posts to help prospects get the facts about long-term care and motivate them to start making a plan of their own — with your guidance. Each post includes lead-in text and an animated image to help drive engagement. Facebook & LinkedIn campaigns How it works: Open the animated image and save the mp4 file to your computer by clicking the three dots in the right-hand corner and selecting download. Copy
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Can You Keep All the AG49-A Changes Straight?
It’s been happening for a while now. Carriers have been designing products to get around the original AG49 illustration regulations introduced in 2015. Competitors developed all kinds of complex features just to allow their IUL products to illustrate better on paper. You’ve probably heard it referred to as ‘the illustration wars’. The problem is: clients didn’t understand what they were buying and there’s a good chance many of these policies won’t live up to their illustrated performance. And, these complex features also came with increased charges. So, if these products aren’t client-friendly, why are they still being sold? Simple. Because
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AG 49-A illustration changes effective November 21, 2020
Illustration Regulation AG 49-A The National Association of Insurance Commissioners (NAIC) has made enhancements to Actuarial Guideline 49 (now referred to as AG 49-A). All carriers are required to comply with these new indexed universal life (IUL) illustration regulations by December 14, 2020. The following are Securian Financial’s transition details and deadlines: Products impacted: Eclipse Accumulator IUL Eclipse Protector II IUL Eclipse Survivor II IUL Eclipse IUL-NY Important dates: Friday, November 20, 2020 — Illustrations based on the old AG 49 guidelines will no longer be available after this date. Saturday, November 21, 2020 noon – Central Time — Updated,
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IUL Desktop Illustration Software Discontinuation
As a reminder, our Income Advantage IUL, Life Protection Advantage IUL and IUL Express products will no longer be available on WinFlex Desktop after October 31, 2020. Beginning November 1, you MUST use WinFlex Web to illustrate our IUL products. The remainder of our life and health products will remain available on WinFlex Web through the end of the year. If you are still using the Desktop software to illustrate our life and health insurance products, we encourage you to transition to the WinFlex Web platform as soon as possible. To sign up for WinFlex Web: Go to winflexweb.com and
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Important Life Underwriting Update
Throughout the pandemic, Mutual of Omaha has been continuously evaluating our underwriting and new business practices to support business continuity, deliver a high level of service and maintain our financial strength. As a result, we will be expanding the cases we will accept beginning Thursday, October 1, 2020. The following guidelines will apply to all fully-underwritten life insurance cases. This includes any newly submitted and pending in-house cases, whether formal or informal. Please note, the guidelines below are temporary. International Travel Guidelines All All fully-underwritten life insurance cases where the proposed insured plans to travel or has traveled internationally to
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