No Hidden Caps or Participation Rate Changes With Our IULs

April 3, 2023 | by | Comments Off on No Hidden Caps or Participation Rate Changes With Our IULs

At Mutual of Omaha, we proudly publish our cap and participation rate history for all three of our IUL products each month—displaying our stability, with no hidden cap or participation rate changes. And, providing yet another reason why our indexed universal life products are a great choice for your clients. Life Protection Advantage IUL Historical Crediting Rates Income Advantage IUL Historical Crediting Rates IULE Historical Crediting Rates   Find out more about our IUL portfolio at DiscoverIUL.com!   No Hidden Caps or Participation Rate Changes With Our IULs   #goldencareagent #mutualofomaha
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: Discover IUL, express, Income Advantage IUL, Indexed UL, indexed universal life, indexed universal life express, insurance, IUL Express, life, Life Insurance, Life Protection Advantage IUL, Living Promise, mutual of omaha, omaha, and United of Omaha.

Getting Started with IUL Express

April 3, 2023 | by | Comments Off on Getting Started with IUL Express

Help your clients protect all of their meaningful moments even faster with our indexed universal life product, Indexed Universal Life Express (IUL Express). The product guide and producer training video provide an overview of the policy and walk you through quoting, indexed crediting, and more! Find out even more about IUL Express by visiting DiscoverIUL.com or MutualofOmaha.com/Simple.   If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com.   Getting Started with IUL Express   #goldencareagent #mutualofomaha #iul
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: express, indexed universal life, insurance, IUL, IULE, Life Insurance, mutual of omaha, Mutual of Omaha Insurance Company, omaha, simplified underwriting, and United of Omaha.

You’re in Luck: Issue Ages Increased on IULE and TLE

March 20, 2023 | by | Comments Off on You’re in Luck: Issue Ages Increased on IULE and TLE

In case you missed it on March 1, 2023, we increased the maximum issue ages on IUL Express and Term Life Express Non-ROP (10T) products. These enhancements will position our Simplified Issue product options to be available in more sales scenarios and will serve a wider range of clients. Below are some of the key updates you will need to know:   IUL Express: Maximum issue ages for both Tobacco and Non-Tobacco ratings will increase to age 75 Currently Non-Tobacco is age 70 and Tobacco is age 65 Maximum face amount for ages 71-75 will remain $150,000 Term Life Express
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: fit credits, IUL, IUL Express, IULE, life, Life Insurance, mutual of omaha, Mutual of Omaha Insurance Company, term life, Term Life Express, and United of Omaha.

Our new brand will launch in June 2023

March 16, 2023 | by | Comments Off on Our new brand will launch in June 2023

Introducing WellabeTM: Coming June 2023 On June 26, 2023, Great Western Insurance Company (GWIC®) will unify under our new brand, Wellabe. The name Wellabe comes from the phrase, “We’ll always be” and is an extension of our promise to always be here, helping people prepare for tomorrow so they can live better today. The story behind Wellabe   While our brand is changing, we’ll continue to operate as we always have. You can count on having the same: Level of support from people you know and trust Products and services Contracts and commissions Policies, premiums, and quality coverage We’ll update
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Categories: Great Western, Industry News, and Life Insurance.
Tags: final expense, Graded Benefit, graded benefit plan, Great Assurance, Great Assurance plan, Great Western, Great Western Insurance Company, Guaranteed Assurance, Guaranteed Assurance plan, GWIC, LIAM, Life Insurance, Wellabe, and whole life.

Updates to Covid-19 Underwriting Guidelines

March 6, 2023 | by | Comments Off on Updates to Covid-19 Underwriting Guidelines

Mutual of Omaha continues to closely monitor our new business and underwriting practices to ensure we create efficiencies and improvements when making business decisions regarding our underwriting guidelines. We are happy to announce the following changes to our COVID guidelines for Fully Underwritten Life, effective March 1, 2023. Acceptance Guidelines Based on Insured’s Issue Age: We are now accepting applications for clients through age 74 and up to table 8, an increase from the prior Table 6 limit Ages 75-79 remain capped at Table 6 Ages 80+ continue to be postponed Clients with a Positive COVID Test A Statement of
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Categories: COVID-19, Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: Coronavirus, COVID, COVID-19, Income Advantage, Income Advantage IUL, insurance, IUL, Life Insurance, Life Protection Advantage, Life Protection Advantage IUL, mutual of omaha, Mutual of Omaha Insurance Company, omaha, pandemic, Term Life Answers, Term Life Insurance, TLA, United of Omaha, and virus.

New Simplified Issue Product Updates

March 6, 2023 | by | Comments Off on New Simplified Issue Product Updates

We are excited to announce maximum issue age increases to both our IUL Express and Term Life Express Non-ROP (10T) products that will be effective March 1, 2023! These enhancements will position our Simplified Issue product options to be available in more sales scenarios and will serve a wider range of clients. Below are some of the key updates you will need to know: IUL Express Maximum issue ages for both Tobacco and Non-Tobacco ratings will increase to age 75 Currently Non-Tobacco is age 70 and Tobacco is age 65 Maximum face amount for ages 71-75 will remain $150,000 Term
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: express, Express Underwriting, indexed universal life, insurance, IUL, IULE, Life Insurance, mutual of omaha, Mutual of Omaha Insurance Company, omaha, simplified underwriting, Term Life Express, and United of Omaha.

Flexibility of the Guaranteed Refund Option Rider

March 6, 2023 | by | Comments Off on Flexibility of the Guaranteed Refund Option Rider

The flexibility of our Income Advantage IUL and Life Protection Advantage IUL can benefit your business clients with the Guaranteed Refund Option rider. This no-cost rider can help provide them with cash surrender options when planning for the future of their company, whether they are planning for: Key Person insurance Cross-Purchase Buy-Sell Arrangement Business Succession Planning These are just a few scenarios that may help business clients who need the flexibility of IULs from United of Omaha.   If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com.   Flexibility of
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: express, Express Underwriting, indexed universal life, insurance, IUL, IULE, Life Insurance, mutual of omaha, Mutual of Omaha Insurance Company, omaha, simplified underwriting, and United of Omaha.

Living Promise Provides Affordable Protection

March 6, 2023 | by | No Comments

Living Promise Whole Life Insurance may help provide affordable protection that pays benefits directly to the person clients choose to take care of their outstanding medical bills, unexpected expenses or debt they may leave behind. Learn more about Living Promise and help protect your clients and their families today.   Living Promise Provides Affordable Protection   #goldencareagent #mutualofomaha
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: final expense, Graded Benefit, insurance, Level Benefit, Life Insurance, mutual of omaha, Mutual of Omaha Insurance Company, premium, United of Omaha, and whole life.

Important Reminders for Life Application Illustration Requirements

February 20, 2023 | by | Comments Off on Important Reminders for Life Application Illustration Requirements

Many of our life insurance products require illustrations with the application for insurance. Underwriting and New Business want to reduce confusion and provide clarity on what is required for revised illustrations. When a Life product requires an illustration, the illustration must match how the policy is issued. When changes are made after the application is submitted, a newly signed illustration marked as revised is required to meet compliance standards. This can be accomplished one of two ways: Any time you create an illustration after the application has been submitted, make sure the “Revised” indicator on the policy options tab is
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: illustration, illustrations, insurance, Life Insurance, mutual of omaha, Mutual of Omaha Insurance Company, omaha, and United of Omaha.

Selling Final Expense is all in the details

February 16, 2023 | by | Comments Off on Selling Final Expense is all in the details

Coach clients through Final Expense insurance details Explaining Final Expense insurance to clients can be a daunting task. But you know how important it is to have life insurance — and how Great Western Insurance Company’s (GWIC®) Final Expense insurance can save a loved one’s savings. Try these tips to explain just how Final Expense insurance works.
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Categories: Great Western, Industry News, and Life Insurance.
Tags: final expense, Graded Benefit, graded benefit plan, Great Assurance, Great Assurance plan, Great Western, Great Western Insurance Company, Guaranteed Assurance, Guaranteed Assurance plan, GWIC, LIAM, Life Insurance, and whole life.