As a leading long-term care insurance carrier, Mutual of Omaha has a responsibility to our policyholders and distribution partners to ensure our pricing strategy and product offerings are in line with industry trends, internal claims data and the economic environment. Last year, Mutual of Omaha began implementing new rates and benefit option changes to the MutualCare Solutions Portfolio in approved states. Effective March 1, 2021, we will be implementing these changes in four additional states. Impacted States Arizona, Connecticut, Indiana and Vermont Rate Adjustments Premium adjustments may vary by age, sex and benefit selection. You may view the new rates
Read More
LTC Sales Idea: Inflation Protection
Sales Idea Learn how benefits of a standalone LTCi policy can grow with inflation protection. The cost of long-term care services is likely to be higher years down the road when the insured needs care. An optional inflation protection rider allows policy benefits to increase to assist with potential rising costs. Here’s how it works: The current maximum monthly benefit and remaining policy limit increase annually by the percentage the insured selects The increase occurs on each policy anniversary date for the length of time the insured selects – either for the life of the policy or for a limited
Read More
Six Steps to LTCi Sales
Boost your LTCi sales by furthering your product and sales process knowledge! Our new Sales and Marketing Process brochure breaks the sales process down into 6 thoughtful steps, helping you organize your approach to sales. This handy brochure also suggests other educational material for each step in the process, so it’s an invaluable resource for learning all things LTCi. Check out the steps and how they can help you jump start sales by downloading the brochure. Six Steps to LTCi Sales #goldencareagent #mutualofomaha
Read More
Long-Term Care Virtual Assessments
From the Desk of Allen Gregoire Throughout the pandemic, Mutual of Omaha has been evaluating our underwriting and new business practices in efforts to support business continuity, deliver a high level of service and maintain our financial strength. As a result, your LTC Underwriting team is temporarily completing virtual assessments for applicants age 65 and over with favorable medical records. Virtual assessment qualification parameters will be based on underwriter discretion. Minimum requirements for consideration: Applicants age 65 and over with favorable medical records. * Applicants with any blood pressure, build and mobility concerns will not qualify for a virtual assessment.
Read More
COVID-19, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
assessment, Coronavirus, insurance, insurance company, long-term, Long-Term Care, long-term care insurance, LTC, LTCi, Mutual, mutual of omaha, Mutual of Omaha Insurance Company, omaha, pandemic, policy, underwriting assessment, virtual assessment, and virus.
assessment, Coronavirus, insurance, insurance company, long-term, Long-Term Care, long-term care insurance, LTC, LTCi, Mutual, mutual of omaha, Mutual of Omaha Insurance Company, omaha, pandemic, policy, underwriting assessment, virtual assessment, and virus.
Video Interview with Chief LTC Underwriter Carol Carville
Meet Carol Carol has worked in group medical, life, disability and now long-term care, so her perspective is unique and varied. In the video, she talks about common application mistakes and why the relationships she has with producers in the field is so important to her and our business. Don’t miss it! Video Interview with Chief LTC Underwriter Carol Carville #goldencareagent #mutualofomaha
Read More
LTCi Application Tips
Painting a picture is the best way to ensure your cases are issued quicker When underwriting your LTCi cases, Mutual of Omaha looks at the total picture, including your client’s health, cognitive status and lifestyle. So, the better job you do painting a picture of your client’s situation, the faster the underwriting process will go. Mutual of Omaha knows your LTCi clients are more than a list of diagnoses. Even people with chronic health conditions can be viewed favorably as long as they’re physically and socially active and working with a physician to manage their health. But underwriting has to
Read More
Transamerica Discontinues Selling LTC
TRANSAMERICA TO DISCONTINUE STANDALONE LONG TERM CARE As announced December 10, 2020, on Capital Markets Day by Aegon CEO Lard Friese, Transamerica will discontinue sales of our individual, standalone Long Term Care (LTC) business on March 31, 2021. In addition, acceptance of applications under approved multi-life cases (worksite and association) will end on June 30, 2021. LTC riders on life insurance policies are not affected. The only impacted products are TransCare® II and TransCare® III. It’s important that you know your clients with existing policies are not impacted. Their customer experience will stay the same, and they will not experience
Read More
National Guardian Life Acquires Everplans
NGL acquires Everplans, laying a foundation for expansion to become a digital leader in the insurance and employee benefit landscape We are pleased to announce the acquisition of Everplans, a New York City-based digital life-planning and organization company. Everplans will remain a separate entity and operate as a wholly owned subsidiary of NGL. Together these companies will be able to provide families across the country with easy, affordable and accessible ways to prepare for the unexpected, and be able to securely track and manage vital information throughout their lives, and during challenging times. “We have been helping people face life’s
Read More
A.M. Best Reaffirms Financial Strength Rating of Mutual of Omaha & Its Subsidiaries
A.M. Best performed their annual rating committee review on Mutual of Omaha and affirmed our financial strength rating of A+ (Superior) with a stable ratings outlook. The ratings reflect Mutual of Omaha’s balance sheet strength, which A.M. Best categorizes as very strong, as well as our strong operating performance, favorable business profile and appropriate enterprise risk management. Mutual of Omaha has experienced favorable capital growth, with a notable increase in 2020 as a result of closing on its sale of Mutual of Omaha Bank, reinsurance transactions and strong operating performance, which have all helped increase its risk-adjusted capital levels. The
Read More
LAUNCH your 2021 Thrivent LTCi Sales!
Thrivent LTCi incentive through 3/31/21 GoldenCare is now offering a producer incentive for business submitted in the first quarter and in-force by 5/31/2021. For Thrivent long term care insurance applications submitted between 1/1/2021 and 3/31/2021 and in-force by 5/31/2021 RULES: For each Thrivent LTCI application submitted during this incentive, you will earn an extra $150 per life (if policy in-force and paid by 5/31/21). There is no cap to this incentive. Incentive will be paid in June 2021, as an additional compensation and 1099 income. This is not a carrier-sponsored incentive. It is promoted independently by GoldenCare. Questions? Contact GoldenCare
Read More
