Gerber Life Discontinuing Medicare Supplement New Business Sales

July 03, 2019 Closing New Business Effective August 1, 2019 Gerber Life Insurance Company will no longer accept new business applications for Medicare supplement sales. Inforce Business There is no impact to existing business. Gerber Life will continue to service all existing Medicare supplement policies. Agent Contracting New producer contracts will no longer be accepted for Medicare supplements as of July 3, 2019. Medicare supplement contracts and appointments will be terminated. Agents contracted with Gerber Life to sell both Medicare supplement and Gerber’s other product lines will only have their Medicare supplement contract terminated. The agent’s Gerber appointment for life/health
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Categories: Gerber Life, Industry News, and Medicare Supp./Adv..

The Extras on Life Protection Advantage IUL

Life Protection Advantage IUL has competitive long-term no-lapse guarantee premiums. But that’s not all. The product also comes with value-added features that many competitors don’t offer. A Guaranteed Refund Option Rider Unlike many other IULs, qualifying Life Protection Advantage IUL policies come with a premium refund option when clients pay the ‘guarantee to 85’ premium level. With this feature, if your clients no longer need their life insurance coverage, they have seven 60-day windows in which they can surrender their policy and receive their premiums back. A Terminal and Chronic Illness Rider — at no additional cost Life Protection Advantage
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Accelerate the Underwriting Process for TLA

Accelerated Underwriting for Term Life Answers® speeds up the traditional underwriting process and can provide you with an underwriting decision in 48-72 hours. How does it work? It’s simple. Submit a Speed eTicket (drop ticket). ExamOne will contact your client to complete the health interview. If approved through Accelerated Underwriting, no other requirements are needed – that’s right, NO paramed exam. If not approved through Accelerated Underwriting, no problem, the application will continue down the traditional underwriting path like normal. Our Accelerated Underwriting Program flyer explains the program in detail and can be shared with your agents..   If you
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

SecureCare multi-pay now available in Connecticut and North Dakota!

SecureCare multi-pay now available in Connecticut and North Dakota! On June 26, 2019 SecureCare Universal Life Insurance (SecureCare) multi-pay launched in Connecticut and North Dakota. Long-Term Care (LTC) needs may be unpredictable, but SecureCare is a product clients can count on for: Cash indemnity LTC benefits Reduced paid-up benefit1 Customizable coverage Most robust international benefits in the industry2 Potential to deduct LTC premiums SecureCare marketing materials will be available to order from our fulfillment center June 26. Don’t forget to check out our SecureCare product page for sales ideas and more!   Transition rules: SecureCare Universal Life with multi-payment enhancements
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Categories: Industry News, Linked Benefit/Hybrids, and Minnesota Life.

Two-Factor Authentication – Changes

Two-Factor Authentication – Changes Effective July 1 June 27, 2019 In December 2018, Securian Financial implemented Two-Factor Authentication for access to SecurianAdvisor.com. The authentication period was configured for at least once each week. Effective July 1, 2019, the authentication period will change to 24 hours, which will require each user to authenticate using Two-Factor each day (or every 24 hours). This change provides additional security protection against malicious user impersonation, unauthorized access, and aligns with industry best practice.   For questions, please contact the Securian Enterprise Contact Center at 1-833-810-8259.   Two-Factor Authentication – Changes effective July 1   #goldencareagent
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Categories: Industry News, Life Insurance, Linked Benefit/Hybrids, and Minnesota Life.

Update to Final Expense Application Submissions

  Notable News Important update to final expense application submissions Effective Monday, July 1, 2019, the Final Expense Accelerated DB/Terminal Illness Disclosure Form (Form No. ACC-DISC-LR) must be signed, dated, and submitted at the time of the final expense application submission. In the past, the form was signed on delivery. It is now required to be signed, dated, and submitted with the application. Please note that this form is not required in all states. The form may still be obtained on delivery for applications received on or before July 31, 2019, however applications received on or after 8/1/19 must include
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Categories: Industry News, Life Insurance, and Transamerica.

Term Life Express as Mortgage Protection

A Term Life Express (TLE) policy protects your client and their family, but what if they survive the term period selected? With our return of premium option, they can receive a partial return of the premiums available at the end of their level policy term. These funds can be used to pay off their mortgage, giving them and their family peace of mind. Customize and instantly download our TLE mortgage protection client letter to mail to your leads and clients. You can find it on Sales Professional Access, by contacting Sales Support at 1-800-693-6083, or through your normal ordering channels.
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

A lot can change in a year

  A lot can change in a year Marriage, the birth of a child, buying a new house, the decision to finally get serious about saving for retirement, a new job. But if you miss what’s new in your client’s life – you may miss new ways you can help. What if you could uncover 365 days of change in just three simple steps? It could be a game-changing opportunity for your client – and your business. Our step-by-step guide walks you through how to do an effective policy review, helping to set you up for success right from the
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Categories: Industry News, Life Insurance, Linked Benefit/Hybrids, and Minnesota Life.

Have You Taken Advantage of Your TLA Upsell Opportunities?

Oftentimes, clients will select their term coverage level based on their budget, even if they may actually have a need for more coverage. If you have a client who gets approved better than applied for, this is the perfect time to use the Term Life Answers Upsell Program since they can potentially get more coverage and still be within their budget. Agents who are consistently talking to their client about the upsell offer have found great success. Since we started offering the upsell opportunities, we’ve had a 15 percent acceptance rate with the average increase being just over $275,000 per
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Important update regarding conversion application submissions

  Notable News Important update regarding conversion application submissions Effective June 6, 2019, please use the state-specific application for the policy owner’s current resident state when submitting conversion applications. The application will also need to be signed in the policy owner’s current state of residence. If the policy owner resides outside the United States, use the application for the state where the original policy was issued. Any conversion applications received after July 6, 2019 that are not specific to the policy owner’s current state of residence will not be considered in good order. Thank you for your attention to this
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Categories: Industry News, Life Insurance, and Transamerica.