Improvements to Our Accelerated Underwriting Program

July 28, 2020 | by | Comments Off on Improvements to Our Accelerated Underwriting Program

Since we introduced our Accelerated Underwriting program, we have continued to review the program and make enhancements. We are pleased to announce that we are improving our Accelerated Underwriting Program once again. Effectively immediately, we are: Increasing the Accelerated Underwriting maximum issue age from age 55 to age 60 Making the $2 million maximum that was announced in April a permanent increase Our Accelerated Underwriting program is available for Term Life Answers, Income Advantage IUL and Life Protection Advantage IUL. The process is easy. Simply submit a Speed eTicket (drop ticket), ExamOne contacts the client, and we take care of
Read More

Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: Income Advantage, Income Advantage IUL, indexed universal life, insurance, IUL, Life Insurance, Life Protection Advantage, Life Protection Advantage IUL, mutual of omaha, Mutual of Omaha Insurance Company, omaha, term life, Term Life Answers, TLA, Underwriting', and United of Omaha.

It’s Clear How Our IULs Are Renewing

July 28, 2020 | by | Comments Off on It’s Clear How Our IULs Are Renewing

At United of Omaha, we have a goal to be as transparent and as fair as possible in our IUL renewal rate setting process. We do this by not only providing you with our historical indexed interest crediting rates, but also with our renewal participation rates and caps. You will see there has been no difference in the participation rates and caps on our inforce policies and our new policies. Many carriers don’t publish their renewal rates. Oftentimes, it’s because they don’t want you to see when they have lowered their participation rates and caps on existing business, while continuing
Read More

Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: Income Advantage, Income Advantage IUL, indexed universal life, insurance, IUL, IULE, Life Protection Advantage, Life Protection Advantage IUL, mutual of omaha, Mutual of Omaha Insurance Company, omaha, and United of Omaha.

The Extras on Life Protection Advantage IUL

July 20, 2020 | by | Comments Off on 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
Read More

Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: insurance, IUL, life, Life Insurance, Life Protection Advantage, Life Protection Advantage IUL, mutual of omaha, Mutual of Omaha Insurance Company, omaha, Underwriting', and United of Omaha.

Help Your Clients Get Protection Through Life

May 18, 2020 | by | Comments Off on Help Your Clients Get Protection Through Life

When clients are looking for death benefit protection, they generally want a life insurance policy that can last for their lifetime. However, a fully-guaranteed UL policy (with a level premium and death benefit to age 100 or beyond) can be expensive. With Life Protection Advantage IUL, when the client pays the long-term no-lapse protection premium, they receive a meaningful guarantee period at a competitive price. Take a look at the Protection Through Life flyer to: Learn how the premium guarantees work See how the guarantees compare to life expectancy Review a case study of how the long-term no-lapse protection guarantee
Read More

Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: indexed universal life, IUL, Life Insurance, Life Protection Advantage, Life Protection Advantage IUL, mortgage, mutual of omaha, omaha, and United of Omaha.

Paper Application Submission via Email

March 9, 2020 | by | Comments Off on Paper Application Submission via Email

In November, we streamlined the submission process for all Life products and Health products (excluding Medicare Supplement, Medicare Advantage, Prescription Drug Plans and Long Term Care) by introducing the ability to submit paper applications and additional requirements via email. As a reminder, when utilizing the email options to submit either new business or additional requirements: Attachments must be in TIF or PDP file format (pictures are not accepted) Emails or attachments cannot be password protected Email subject lines must include either “New App” or the Policy Number “XXXXXXXXX” Multiple attachments must be for the same case file in the email
Read More

Categories: Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: CHS, critical advantage, critical illness, Dental, DI Choice, disability, Income Advantage IUL, income protection, insurance, IUL, Life Insurance, Life Protection Advantage IUL, mutual of omaha, omaha, PIP, and Priority Income Protection.

Email Submission for Paper Applications

December 3, 2019 | by | Comments Off on Email Submission for Paper Applications

Sending a fax can be time-consuming and frustrating, that’s why we are pleased to announce paper applications can now be submitted via email. This update is effective immediately and available for all Life products and Health products, excluding Medicare Supplement, Medicare Advantage, Prescription Drug Plans and Long Term Care. While this new capability will streamline the submission process there are some very important steps to follow in order to make sure applications are being submitted correctly and securely. Please ensure you follow this guide when submitting new business and additional requirements via email. Thank you for your business and if
Read More

Categories: Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: CHS, critical advantage, critical illness, Dental, DI Choice, disability, Income Advantage IUL, income protection, insurance, IUL, Life Insurance, Life Protection Advantage IUL, mutual of omaha, omaha, PIP, and Priority Income Protection.

IUL Participation Rate and Cap Rate Changes

October 4, 2019 | by | Comments Off on 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
Read More

Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: Income Advantage IUL, insurance, IUL, Life Insurance, Life Protection Advantage IUL, mutual of omaha, omaha, participation, strategy, and United of Omaha.