Pro tip: maximize your client’s LTC benefit pool When you’re trying to find the best LTC product for a client, there’s often a temptation to do an apples-to-apples comparison between different carriers. But when you design a SecureCare Universal Life policy to match a competitor’s, you may miss out on the sweet spots. SecureCare tends to offer clients the most value when it uses an even-year benefit duration – and our 6-year benefit duration does the best from there. Just to give you an idea, here’s a hypothetical example for a 62 y/o male (NT, single) showing a $100K single-pay
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Simplified Issue Life: Weekly Time Service Update
From the Desk of Marty Johnson Mutual of Omaha would like to thank you for your business! We are very appreciative of the amount of business we have received, and continue to receive, due to your commitment and partnership. Due to the unprecedented volume of new business, our Simplified Issue Life Underwriting team is experiencing delays in time service. However, we remain committed to providing you the quality service you have come to expect. To accommodate this, we are increasing our staff and working overtime on nights and weekends to ensure your business is handled properly, and as quickly as
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IUL Cost Comparison Flyer: New Carriers Added
Our IUL Cost Comparison Flyer has been updated with additional carriers! Why is the information on this flyer so important? When it comes to indexed universal life (IUL) products, it can seem like all products use the same general design which makes it 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
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AM Best upgrades GWIC’s rating to A (Excellent)
AM Best upgrades GWIC’s rating to A (Excellent) AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) of American Enterprise Group’s six insurance company subsidiaries. These subsidiaries operate under the brands of American Republic®, Medico®, and Great Western Insurance Company (GWIC®). With the upgrade, the outlook of these Credit Ratings has been revised to stable from positive. As an independent, non-government company, AM Best does not recommend products or services but does provide independent opinions of a company’s overall financial strength. For the latest ratings, access www.ambest.com. Read press release #goldencareagent #gwic #greatwestern
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Ease Your Client’s Worries with Living Promise
Living Promise Whole Life Insurance is designed to help provide affordable protection that pays benefits directly to the person you choose to take care of your outstanding medical bills, unexpected expenses or debt that you may leave behind. Leaving you with nothing to worry about when you’re gone. Product Features Competitive premiums Simplified underwriting — no medical exam, coverage is based on answers to a few simple health questions Two coverage choices: Level Benefit Plan Policy issue ages: 45 – 85 Benefit amounts: $2,000 – $40,000 (in WA, $5,000 – $40,000) Accelerated Death Benefit for Terminal Illness or Nursing Home
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United of Omaha Children’s Whole Life Reprice
Effective April 1, 2021, we will be implementing rate adjustments to Children’s Whole Life. While we will be making small rate increases, Children’s Whole Life will remain an affordable and competitive express policy that allows clients to lock in low premiums and future insurability throughout the lifetime of their child or grandchild. Transition Rules The new Children’s Whole Life pricing will go into effect April 1, 2021 in all states. Applications signed prior to April 1, 2021 will receive the old pricing, regardless of the policy effective date. Applications signed on or after April 1, 2021 will receive the new
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Simplified Issue Life: Weekly Time Service Update
From the Desk of Marty Johnson First, and foremost, Mutual of Omaha would like to thank you for your business. We are very appreciative of the amount of business we have received, and continue to receive, due to your commitment and partnership. Due to unprecedented volumes of new business, our Simplified Issue Life Underwriting team is experiencing delays in time service. However, we remain committed to providing you the quality service you have come to expect. To accommodate this, we are increasing our staff and working overtime on nights and weekends to ensure your business is handled properly, and as
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Express Time Service Update
From the Desk of Marty Johnson Recently I informed you we were experiencing processing delays for Simplified Issue business. At this time, we continue to receive unprecedented volumes of new business, which is leading to extended service levels. I want to reiterate; we remain committed to providing the quality service you have come to expect. We are addressing this issue by increasing our staff, and reallocating internal resources where applicable to assist. Additionally, our underwriting team continues to work extra time on nights and weekends to ensure your business is handled as quickly as possible. We continue to focus on
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The Hidden Costs of Waiting
We all know there are risks that come with waiting to purchase a life insurance policy: What happens if the client unexpectedly dies and doesn’t have the death benefit? What if the client is diagnosed with an illness that no longer allows him to be insurable? But with an accumulation-focused life insurance policy, there’s an additional consequence your clients may not be aware of. Waiting can also impact the amount of income your client can take from his or her policy down the road. Even waiting just a few years could change the income potential by thousands of dollars a
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Gerber Life Agent Portal Updates Coming Soon
Agent Portal Updates Coming Soon We are excited to announce some updates and changes taking place within the Gerber Life Agency Portal effective March 16, 2021! Our goal is to make your daily transactions with Gerber Life as simple as possible. With that focus we have improved several areas to make it easier for you to keep track of your applications and policies. Gerber Life will no longer offer applications in Puerto Rico. We have expanded our Case Status section to include the following updates: License and/or Appointment Review: Within the case status section on the Agent Portal, if
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