LTC Self-Insurance or Self-Delusion? Welcome to the Advanced Markets Minute in both print and audio form. Today’s article is called “LTC Self-Insurance or Self-Delusion?” Listen Now When it comes to planning for long-term care expenses some clients say they would rather self-insure, or in other words, pay the cost of care themselves. They probably don’t self-insure against auto accidents, home fires, or medical costs, but somehow self-insuring against the risk of needing long term care makes sense to them. Many who say that may not understand what the actual cost of long-term care will be and, in reality, cannot
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Wrapping Up the 2023 Advanced Markets Webinars
As we approach the end of the year, we also approach the final Mutual of Omaha Advanced Markets webinar of 2023, 2024 Tax Updates. Join the Advanced Markets team on Wednesday, December 13 for an overview of important tax and legislative changes that may impact your clients in the upcoming year. 2024 Tax Updates December 13, 2023 | 10:00am Central
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LTC Awareness Month: What You Do Matters!
The Importance of Long-Term Care Insurance: What You Do Matters November is Long-Term Care Awareness Month, and an excellent opportunity to reach out to clients about the importance of planning. Mutual of Omaha offers multiple solutions to help clients plan ahead. We offer traditional long-term care insurance as well as a life insurance product with a long-term care rider. When it comes to long-term care insurance, we want clients to know we are providing solutions to assist them throughout their care journey. We take pride in delivering on our promises when our policyholders and families need it most. The
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New LTC Wellness Program
Better Living Longer is an Aging-in-Place Platform that connects millions of families with transformative services they may need in or around their homes. What’s Included in the Helper Bees Program? Educational resource library with information on preventive care tips, fall prevention, vision care, health & fitness programs with many other articles. It also provides policyholders with a variety of in-home services. Linking them with vetted providers that allows policyholders to explore and purchase services, home accommodations, errand running, transportation, meal service, along with several other options. When Will The Helper Bees be Available? The program will be available on the
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LTC Care Coordination
Arranging for long-term care services is no easy task. When a loved one needs help with everyday activities, families often have to act quickly. Mutual of Omaha’s LTCi policies contain a care coordination benefit that helps families manage their loved one’s long-term care. Take a look at our Care Coordination Sales Idea to keep you and your client on the same page. LTC Care Coordination #goldencareagent #mutualofomaha
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Inflation Protection
Historically, the cost of long-term care services has increased by approximately 5 percent per year, and that trend is expected to continue. Adding an inflation protection rider is a good way to ensure the policy your clients purchase today provides adequate coverage 20 years down the road when they’re likely to need care. Read more on what Mutual of Omaha has to offer. Inflation Protection #goldencareagent #mutualofomaha
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Changes to LTC Underwriting
Throughout 2023, the Mutual of Omaha Long-Term Care Underwriting Team has been focused on enhancing the ease of doing business with us. Recognizing that lead time and challenges in obtaining medical information have been problematic, we are now incorporating medical claims data to assist us in our risk evaluation process. We are confident that by integrating this medical claims data into our underwriting toolbox, we will streamline processing and reduce the need for additional requirements. Ultimately, this will result in quicker decisions for you and your clients. Effective June 20, 2023, we will begin ordering medical data for all applications
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Condition-Related Marketing: Atrial Fibrillation (AFIB)
Condition-Related Marketing: Atrial Fibrillation (AFIB) AFIB is a somewhat common health condition that can raise concern during the underwriting process. We have created a brand new flyer that answers questions specific to the condition for your reference. This piece highlights the distinctions between Atrial Fibrillation and Atrial Flutter, who is at risk, evaluation methods, treatment options and a brief overview of underwriting guidelines. Check out our AFIB flyer #goldencareagent #mutualofomaha
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New Personal Worksheets Now Available
Effective May 31, 2023, new personal worksheets will be available for all states except California, New York and North Dakota. View the new worksheet. Updates include: Rate Increase History Grid Two new questions (#2 & #6) Rewording of questions and additional answer options California, New York and North Dakota will be implemented at a later date. Previous worksheets will no longer be accepted after June 30, 2023. If you have any questions, please contact Mutual of Omaha’s Sales Support Team at (800) 693-6063. New Personal Worksheets Now Available #goldencareagent #mutualofomaha
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New LTC Rider Underwriting Guidelines
We would like to inform you that we have updated our Long-term Care Rider underwriting guidelines, effective immediately. These updates have been made to ensure that we continue to provide the best possible service to your clients while maintaining the highest standards of risk management. We understand these changes may require some adjustments in your current processes, and we are here to help. If you have any questions or concerns about the updated guidelines, please do not hesitate to contact us at (800) 693-6063. New LTC Rider Underwriting Guidelines #goldencareagent #mutualofomaha
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Industry News, Life Insurance, Long-Term Care, and Mutual of Omaha (& Affiliates).
Income Advantage, Income Advantage IUL, insurance, Life Insurance, Life Protection Advantage, Life Protection Advantage IUL, long-term, Long-Term Care, long-term care insurance, LTC, LTC Rider, ltc underwriting, LTCi, mutual of omaha, and Mutual of Omaha Insurance Company.
Income Advantage, Income Advantage IUL, insurance, Life Insurance, Life Protection Advantage, Life Protection Advantage IUL, long-term, Long-Term Care, long-term care insurance, LTC, LTC Rider, ltc underwriting, LTCi, mutual of omaha, and Mutual of Omaha Insurance Company.
