Rate Adjustments Effective September 1, 2020

Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha, and we intend to remain a key player in this market for years to come. To fulfill this commitment, we actively monitor emerging industry trends and make any adjustments necessary that enable us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective September 1, 2020: Block of Business Impacted States LTC04I and LTC06UI Rhode Island   For a complete rate history, see the state approval grid on Sales Professional Access. Policyholder Notification Process
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Financial Advisors Help Build Wealth – You Can Help Protect It

Financial Advisors Help Build Wealth — You Can Help Protect It Leave this flyer behind when meeting with financial advisors to help them start the conversation of LTCi insurance with their clients.   Financial Advisors Help Build Wealth – You Can Help Protect It   #goldencareagent #mutualofomaha
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Video Interview with Chief LTC Underwriter Carol Carville

Go behind the scenes with Carol Carville. We’re excited to show you a candid interview with LTC underwriter, Carol Carville. 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
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Include LTCi in Retirement Planning

Most people understand the need for retirement planning. But your clients may not be thinking about how they would pay for LTC services if needed in the future. A MutualCare Solutions long-term care insurance policy may be what your clients need to complete their retirement plan. Our policies cover basic needs like housekeeping and grocery shopping to care in an assisted living center or nursing home. And, the money your clients have saved can be used to enjoy retirement or set up a college fund for grandkids. Talk to your clients who may be planning for retirement. Let them know
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Plant the Seed Early for Long-Term Care Insurance

Your clients lead busy lives and they may put off making important decisions. Plant the seed early with these clients to help plan for possible future health needs. Buying a long-term care insurance policy may be far down the list of their priorities, so let them know the benefits of getting coverage early. Advantages to buying LTCi early Insurability — clients will be more likely to be approved for coverage Affordability — rates are based on your client’s age at time of purchase Peace of Mind — clients can rest easy, they are protected for any future care they may
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

New Compound BIO for The Connecticut Partnership

GOOD IS GETTING BETTER NEW TO THE CONNECTICUT PARTNERSHIP: TRANSCARE II 3% COMPOUND BENEFIT INCREASE OPTION People are living longer, and they need competitively-priced, flexible strategies to help protect their loved ones and financial futures. Long term care insurance can help address costs stemming from qualified long term care services, so clients can help protect their quality of life with confidence knowing they’ve prepared. Introducing TransCare® II’s 3% Compound Benefit Increase Option, available to your clients starting June 1, 2020. With level premium, this Compound Benefit Increase Option automatically increases policy benefits by 3%, annually, beginning on its anniversary date.
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Categories: Industry News, Long-Term Care, and Transamerica.

Set Target Premium with MutualCare Solutions Software

When you are meeting with clients who have a desired premium in mind for long-term care coverage, we have a great tool to get you to that premium amount. Use the MutualCare Solutions software Set Target Premium feature. It allows you to enter the desired premium your clients want while building the benefits around the premium. When you open the software, look for this symbol. Now, enter the client’s state, age, gender, premium mode, inflation protection and elimination period. Once you hit Set Target Premium, you will enter the client’s desired premium. The monthly benefit will adjust to the targeted
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Advantages of a Monthly LTCi Benefit

Some insurance companies offer LTCi policies based on a daily benefit amount. Mutual of Omaha’s policies are based on a monthly benefit. A daily benefit has a per day maximum which means your clients are reimbursed up to a set amount for each day. If the cost of the service is over this amount, your client will have to pay the balance. With a monthly benefit, your clients are reimbursed for the actual costs of the services received each day up to the maximum monthly benefit – regardless of daily costs that may vary throughout the month. While both policies
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Managing Expectations When Clients Go on Claim

Your Phone is Going to Ring When the need for long-term care services arises, the producer often is the first person contacted. That’s why it’s important for you to understand your role in the LTCi claims process so you can help manage your clients’ expectations. If you become aware of a potential claim, notify the claims department as soon as possible. And be prepared to provide the following information: Insured’s name Phone number Mailing address Email address Policy number Insured’s representative/power of attorney Type of claim (i.e., home health care, assisted living, nursing home) Want to learn what happens next?
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Submit your LTC applications and watch demo

Submit your long term care applications Your business is important to us and we want to make sure you have the tools needed to serve your community. We continue to accept NGL EssentialLTC long term care applications up to the nearest age 79. Items to keep in mind: Applications will not be closed or rejected based on age. Depending on the state you are in and if you are experiencing a stay-at-home order, it might take a little longer than usual for the face-to-face interview. We are making every effort to complete the scheduled exams for applicants who are currently
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Categories: COVID-19, Industry News, Long-Term Care, and National Guardian Life.