Kemper Senior Solutions Product Discontinuation Announcement

12/18/2019 This announcement is to officially notify producers that after thoughtful review and consideration, Kemper has made the decision to discontinue new business sales within the Kemper Senior Solutions market segment. Our desire is to invest our resources more aggressively into our exclusive agent market as well as our worksite business, Kemper Benefits. Be assured, all existing in-force business will continue to receive the same high standard of service they have come to expect. This change will take effect January 1, 2020, for Life products. All applications for Life products received prior to December 31, 2019, with effective dates on
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Categories: Industry News, Kemper, and Short-Term Care.

GUL Express Illustrations

Last February we announced we no longer require illustrations on most Guaranteed Universal Life Express policies. This allows you to simply use our mobile quoting app to quote GUL Express and submit the application. As a reminder, below is when an illustration is required. No Illustration Required Policies with no-cost riders using monthly or annual payments. Illustration Required Policies with cost riders and making payments using anything other than monthly or annual payments. Policies with any payment structure other than guaranteed term periods offered on the mobile quoting tool (age 80, 85, 90, 100, 120), such as short pay and
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Final Reminder: Upcoming Changes to Our Life Portfolio

As a reminder, effective January 1, 2020, we will be making changes to our life product portfolio, including discontinuing our Guaranteed Universal Life product, repricing our Level and Graded Living Promise Whole Life final expense products, repricing our Term Life Express Non-ROP product and discontinuing our Term Life Express 20-Year ROP product. Read the Upcoming Changes to Our Life Portfolio article for complete details on the changes. Read the 2020 Life Product Changes: Transition Rules article to get the full transition rules. Read the FAQ document to get answers to any questions you may have regarding the upcoming changes. If
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Upcoming Life Rate and Product Changes Effective January 1, 2020

Effective January 1, 2020, we will be: Increasing the cap on our 100% Participation Rate Strategy for Life Protection Advantage IUL Decreasing our crediting rate on AccumUL Answers Repricing our AccumUL Answers product Life Protection Advantage IUL Cap Increase: The cap for the 100% Participation Strategy on Life Protection Advantage IUL will increase from 9% to 10%. This rate change 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 January 10, 2020. With the sweep feature, all money received in the home
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Living Promise e-App Now Has Bank Validation

When you enter your client’s payment information you want to ensure everything is correct. With bank validation, your client’s bank routing and account numbers will be verified to ensure they are a match. If they aren’t you’ll receive an error message so you can correct the payment information on the spot. Just one more great reason to use our Living Promise e-App. If you have any additional questions, please contact your Mutual of Omaha Life Sale Director or Account Executive.   Living Promise e-App Now Has Bank Validation   #goldencareagent #mutualofomaha
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Reminder: Upcoming Changes to Our Life Portfolio

As a reminder, effective January 1, 2020, we will be making changes to our life product portfolio, including discontinuing our Guaranteed Universal Life product, repricing our Level and Graded Living Promise Whole Life final expense products, repricing our Term Life Express Non-ROP product and discontinuing our Term Life Express 20-Year ROP product. Read the Upcoming Changes to Our Life Portfolio article for complete details on the changes. Read the 2020 Life Product Changes: Transition Rules article to get the full transition rules. Read the FAQ document to get answers to any questions you may have regarding the upcoming changes. If
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Reminder: End of Year Pay Schedule

As the holiday season quickly approaches, it’s easy to forget important dates with all the hustle and bustle. Don’t forget to mark our end of year pay dates in your calendar. Mutual of Omaha and its affiliates (United of Omaha and United World) will be closed on the following days: Christmas: Wednesday, December 25, 2019 New Year’s Day: Wednesday, January 1, 2020 The past pay cutoff in 2019 for Life is December 30 and for Health is December 27. This is the last pay cycle to be paid in 2019. Life Cutoff Dates Holiday Date Holiday Observed Cutoff – New
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Categories: Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

External Replacement Guidelines

Since September 1, 2015, United of Omaha has not accepted external replacements on simplified issue life insurance applications in Kentucky, Kansas or West Virginia. Please make sure you are aware of the external replacement guidelines below. Products impacted Term Life Express Guaranteed Universal Life Express Living Promise Whole Life (Final Expense) Children’s Whole Life Indexed Universal Life Express Any simplified issue application taken in Kentucky, Kansas or West Virginia stating an external replacement is involved, will not be accepted. External replacements will be considered on fully underwritten products in these states on a case by case basis. It is required
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Upcoming Changes to Our Life Product Portfolio

Mutual of Omaha is financially strong and we continue to focus on growing our company. Our commitment to growth is what helps ensure that we’ll be around when it comes time for us to deliver on the promises we’ve made to our policyholders. This continued growth requires an investment of capital, and as a mutual company, we rely primarily on our earnings to create new capital. Recently, statutory earnings have been impacted by several economic factors, including a prolonged low interest rate environment. We’re proactively addressing this trend in 2020 to produce positive statutory earnings and maintain our long-term financial
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

2020 Life Product Changes: Transition Rules

Effective January 1, 2020, we will be making changes to our life product portfolio, including discontinuing our Guaranteed Universal Life product, repricing our Level and Graded Living Promise Whole Life final expense products, repricing our Term Life Express Non-ROP product and discontinuing our Term Life Express 20-Year ROP product. Below is a summary of the transition rules. More information on these product changes and transition rules can be found in our 2020 Life Product Changes Frequently Asked Questions document.   GUL and TLE 20-Year ROP policies: You will still be able to submit applications for GUL and TLE 20-year ROP
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).