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
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February is American Hearth Month
February is American Hearth Month A time when all people can focus on their cardiovascular health. GoldenCare has many heart attack and stroke products to fit any client’s budget or health. If you’re not appointed with or are unfamiliar with these niche products, give our office a call! 800-842-7799 If you are interested in donating to the American Heart Association you can do so by going to: https://www.heart.org/ Click Here to add additional carriers & products to your appointments. Questions? Call our Marketing Team at 800-842-7799! Don’t forget to subscribe to our News Digest for all the latest announcements
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Good News | LTC CEO Selling Tools Software Update Now Available!
Good News! New & Updated Content Now Available In Our LTC CEO GoldenCare’s exclusive LTC CEO Office, Home and Internet Selling Tools software was just updated to include the very latest resources, calculators, and sales tools! This is the complete sales toolkit, loaded with the most powerful sales and training tools to help you succeed in selling Long-Term Care insurance and other Perfect Portfolio products. What is included in the LTC CEO? How do you get your hands on these Selling Tools? Contract through GoldenCare or write a piece of business to receive your copy of the LTC CEO free
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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
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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
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Good News | LTC Underwriting Innovation To Minimize Potential Exposure
Good News! Long-Term Care Virtual Assessments Introduced 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. Click below to learn the minimum requirements and how virtual assessments are to be completed successfully. Long-Term Care Virtual Assessments Read Full Good News Article Click Here to
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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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COVID-19, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
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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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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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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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