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
Read More
SecureCare III repriced in Florida
SecureCare III is up to the challenge Effective February 13, 2023, rates for SecureCare™ III, a long-term care (LTC) and nonparticipating whole life insurance policy, were decreased by 25 percent across all case scenarios in Florida. All pending applications that have an effective date on or after February 13, 2023 will automatically be eligible for and receive the new pricing. This will result in a face amount that is higher than originally illustrated. You take pride in offering your clients the best LTC solution — we think you’ll find it with SecureCare III. SecureCare III offers: Competitive pricing and robust
Read More
Updated Life Underwriting Guidelines
The Life Underwriting Guidelines for Term and Permanent Products has been updated, new for January 1, 2023, and is now available to order. Some changes include: Inspection Reports – page 14 The Fully Underwritten Requirements Chart – pages 16 & 17 Fit Program parameters – page 23 Accelerated UW Program – page 26 Impairments – pages 34, 35 & 38 Remember, all materials are available to view/download through SPA or can be ordered through your normal channels. If you have questions, please contact your Sales Director or Account Executive. Updated Life Underwriting Guidelines #goldencareagent #mutualofomaha
Read More
Administrative alert – SecureCare III price improvement
SecureCare III price improvement Effective January 23, rates for SecureCare™ III will be reduced by 25 percent across all case scenarios in all states except AZ, CA, CT, DE, DC, FL, IN, MT, NJ, ND, NY, SC and SD. SecureCare III is a long-term care (LTC) and nonparticipating whole life insurance policy. Transition rules The new SecureCare III rates will be available January 23, 2023 in all states except AZ, CA, CT, DE, DC, FL, IN, MT, NJ, ND, NY, SC and SD. All pending applications that have an effective date on or after January 23, 2023 will automatically be
Read More
Introducing the Four Quarters Club
You work hard all year long to fulfill your clients’ expectations, and Mutual of Omaha feels you should be rewarded for your diligence. We are thrilled to introduce the Four Quarters Club, a brand-new incentive program that pays out a 10% bonus on a quarterly basis to all qualifiers. Beginning January 1, 2023, you’ll have not just one, but four opportunities to earn funds that you are able to use at your discretion. You take care of your clients throughout the year and in 2023 we will recognize your hard work and dedication throughout the year as well. Find all
Read More
Upcoming Fixed Account Rate Changes for Life Products
Fixed Account Rate Changes Effective January 1, 2023, we are increasing the fixed crediting rates as follows: Income Advantage IUL fixed account rate will increase 0.50% from 3.00% to 3.50% Life Protection Advantage IUL fixed account rate will increase 0.50% from 2.75% to 3.25% IUL Express fixed account rate will increase 0.50% from 2.75% to 3.25% These rates change will apply to newly issued policies, as well as to any new premiums received on in force policies. Your WinFlex illustration software will automatically update to reflect the new fixed account rate on January 1st. There will be no changes to
Read More
Home Life Secure Now Available in Florida
Now available in Florida on GTL’s Agent Portal. e-App availability coming soon! Introducing Home Life Secure: A unique combination of whole life insurance with chronic and terminal illness accelerated benefits, as well as a final expense feature. Couple those benefits with planning and care guidance support for your clients should they need care in their home or in a facility, and you can add another unique, niche product to your portfolio—now available on GTL’s Agent Portal and e-App! Death benefits ranging from $10,000 to $150,000. Living benefits available for Chronic and Terminal Illnesses. 10% of face amount reserved to help
Read More
Home Life Secure Now Available in North Dakota and South Dakota
Now available in North Dakota & South Dakota on GTL’s Agent Portal. e-App availability coming soon! Whole Life Insurance + Living Benefits + Final Expenses + Planning Tools and Services Introducing Home Life Secure: A unique combination of whole life insurance with chronic and terminal illness accelerated benefits, as well as a final expense feature. Couple those benefits with planning and care guidance support for your clients should they need care in their home or in a facility, and you can add another unique, niche product to your portfolio—now available on GTL’s Agent Portal and e-App! Death benefits ranging from
Read More
Why sell SecureCare III?
SecureCare™ III’s powerful LTC benefits SecureCare III, a long-term care (LTC) and nonparticipating whole life insurance policy, offers some of the largest LTC benefits in numerous scenarios But that’s not the only reason we think we stand out from the competition. SecureCare III offers: A fully guaranteed inflation benefit. If your client adds the optional LTC Inflation Agreement to their policy, the benefits for both the Acceleration for LTC Agreement and Extension of LTC Agreement will inflate each year – even after they go on claim. And if they don’t take their full maximum monthly benefit while on claim, their
Read More
Be Sure to Discuss the Living Benefits of IUL Express
Indexed Universal Life Express (IUL Express) provides a host of benefits to your clients’ loved ones. The most important one is that their beneficiaries will receive a one-time death benefit in the amount your clients choose, ranging from $25,000 to $300,000.* This death benefit is paid directly to their beneficiaries to replace lost income and maintain their standard of living. In addition to the death benefit, IUL Express policies come with living benefits at no additional cost. The Accelerated Death Benefit Riders for terminal, chronic and critical illness**, may allow your clients to access a portion of the death benefit
Read More
