Long-Term Care Virtual Assessments

February 2, 2021 | by | Comments Off on 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.
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Categories: COVID-19, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: 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

February 2, 2021 | by | Comments Off on 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
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: insurance, Long-Term Care, long-term care insurance, LTC, ltc underwriting, LTCi, mutual of omaha, Mutual of Omaha Insurance Company, omaha, and Underwriting'.

LTCi Application Tips

February 2, 2021 | by | Comments Off on 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
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: application, application tips, insurance, Long-Term Care, long-term care insurance, LTC, LTC application, LTCi, mutual of omaha, MutualCare, MutualCare Solutions, omaha, sales tips, and Underwriting'.

Good News | A.M. Best Affirms Mutual of Omaha’s Financial Rating

January 29, 2021 | by | Comments Off on Good News | A.M. Best Affirms Mutual of Omaha’s Financial Rating

Good News! A.M. Best Affirms Mutual of Omaha’s Financial Rating 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. 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 organization is a large and well-established insurer. Mutual of Omaha’s suite of products, distribution network and partnerships continue to expand and
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Categories: GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: Long-Term Care and mutual of omaha.

Transamerica Discontinues Selling LTC

January 27, 2021 | by | Comments Off on 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
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Categories: Industry News and Long-Term Care.
Tags: agent support, insurance, Long-Term Care, long-term care insurance, LTC, LTCi, operations, premium, Transamerica, and Transamerica Life Insurance Company.

National Guardian Life Acquires Everplans

January 27, 2021 | by | Comments Off on 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
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Categories: Industry News, Long-Term Care, and National Guardian Life.
Tags: digital leader, employee benefit, EssentialLTC, Everplans, insurance, Long-Term Care, long-term care insurance, LTC, LTCi, National Guardian Life, and NGL.

A.M. Best Reaffirms Financial Strength Rating of Mutual of Omaha & Its Subsidiaries

January 27, 2021 | by | Comments Off on 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
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Categories: Industry News and Mutual of Omaha (& Affiliates).
Tags: AM Best, companion life, financial strength, insurance, Life Insurance, Long-Term Care, long-term care insurance, Medicare Supplement, Medigap, mutual of omaha, Mutual of Omaha Insurance Company, omaha, United of Omaha, and United World.

LAUNCH your 2021 Thrivent LTCi Sales!

January 25, 2021 | by | Comments Off on 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
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Categories: Industry News, Long-Term Care, and Thrivent.
Tags: e-App, e-Application, electronic application, insurance, Long-Term Care, long-term care insurance, LTC, LTCi, Thrivent, Thrivent Financial, Thrivent Financial for Lutherans, and Underwriting'.

Cash and Reimbursement… The Best of Both Worlds

January 25, 2021 | by | Comments Off on Cash and Reimbursement… The Best of Both Worlds

MutualCare® Solutions policies give your clients two options on receiving long-term care benefits – cash or reimbursement. Cash Benefit The cash benefit can be used for any services that supports the plan of care. Plus, there is no elimination period to meet before receiving the cash. Reimbursement Benefit After the elimination period is met, the reimbursement benefit allows your client to access covered long-term care services, reimbursed up to the selected amount each month. Best of all, your clients have the flexibility to switch between the cash or reimbursement benefit at any time. For more details on the MutualCare® Solutions
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: cash benefit, insurance, Long-Term Care, long-term care insurance, LTC, LTC insurance, LTCi, mutual of omaha, Mutual of Omaha Insurance Company, MutualCare, MutualCare Solutions, omaha, and reimbursement.

LTC Sales Idea: Return of Premium

January 25, 2021 | by | Comments Off on LTC Sales Idea: Return of Premium

If you have clients who don’t want to end up paying premiums for something they may never use, there’s a feature of the policy that can help ease their concerns. Mutual of Omaha Offers Three Return of Premium Options: Add an optional Return of Premium rider to a long-term care policy. Here’s how it works: If the insured dies while the policy is in force, premiums paid minus any policy benefits received by the insured are refunded to the insured’s beneficiary. ROP Benefit ROP Three Times the Maximum Monthly Benefit Less Claims Paid ROP if Death Occurs Before Age 65
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: insurance, Long-Term Care, long-term care insurance, LTC, LTC application, LTCi, mutual of omaha, MutualCare, MutualCare Solutions, omaha, return of premium, and ROP.