For LTC policies, Case Monitoring is a great tool that can be utilized for receiving regular case status updates from your LTC case manager. Case Monitoring contains all general status information and includes details such as applicant demographics, policy numbers, premiums, benefits, case details, outstanding application requirements, requirements ordered, completed requirements, case manager details and more. Navigating Sales Professional Access (SPA) and Case Monitoring Once logged into SPA, hover over Producer Tools tab on the top navigation bar and click Case Monitoring under the Reporting column. This will bring you to a search screen where you will have a couple
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Medication approved by the US FDA (Federal Drug Administration) to treat a specific medical condition but prescribed by your doctor to treat a different condition, is off-label use. This practice is legal and common, and it does impact underwriting. While there are many drugs that are prescribed off-label, several are encountered frequently in LTC Underwriting. Check out the condition-related marketing flyer, Off-Label Medication Use in LTC Underwriting to learn some of the most common medications and their impact on underwriting. View the flyer here   Off-Label Medication Use in LTC Underwriting   #goldencareagent #mutualofomaha
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Understanding how gastrointestinal (GI) disorders are managed in long-term care underwriting is crucial for agents and clients alike. The specific GI disorder, its treatment, and the stability of the condition will determine whether coverage can be offered and the associated rating. Some GI disorders pose an increased risk for future malignancy or involve treatment methods that may impact overall health and the ability to perform daily activities, while others do not. Our underwriting process carefully evaluates each case to provide the best possible coverage options for our clients. Check out our condition-related marketing flyer, Gastrointestinal Issues in LTC Underwriting to
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Submitting a Long-Term Care (LTC) application can be tricky, and mistakes often lead to delays or denials. Here’s a quick guide to common errors and tips for a smooth submission. Common Mistakes to Avoid Incomplete Information: Ensure all required fields, like name, signature, and birthdate, are filled out. Missing info can halt processing. Incorrect Formatting: Always use the specified date format (e.g., MM/DD/YYYY). Double-check to avoid complications. Alterations or Corrections: Do not make handwritten changes on the HIPAA page. Make sure everything is complete and correct before submitting. Missing Signatures: Both the applicant and the producer must sign the application.
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The Long-Term Care Agent Tax Guide now reflects tax advantages for public safety retirees. This information is located on page 5 of the guide. For public safety retirees, distributions from governmental plans for long-term care insurance can be excluded from gross income. The maximum exclusion from gross income is the lesser of $3,000 or the actual amount paid for insurance in the tax year. As of December 29, 2022, the exclusion from gross income applies whether the premiums are paid to the long-term care insurance carrier or to the retiree. The guide is available for digital download in the Forms
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Our index universal life policies not only provide death benefit protection but can also help preserve client’s estate when an LTC rider is added. The LTC rider allows them to access their death benefit early to reimburse the policyowner for covered long-term care services, once the conditions of the rider have been met. Are you ready to learn more about our Long-Term Care Rider? Visit at MutualofOmaha.com/ltc-rider.   Help Clients Address Their Long-Term Care Needs Through an IUL   #goldencareagent #mutualofomaha
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While nontraditional funding options may work for some people, a traditional LTCi policy remains the best solution for many of your clients. A traditional LTCi policy can be significantly less expensive than other funding alternatives, and benefits like a built-in cash option, provide flexibility throughout the progression of care. Learn more about traditional LTCi and our ongoing commitment with this sales idea flyer: The Changing Landscape   Why Traditional Long-Term Care Insurance   #goldencareagent #mutualofomaha
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We are pleased to announce that illumifin has returned to normal service times for Phone Health Interviews (PHI). Previously, we experienced delays due to significant application volumes and the impact of holidays such as Memorial Day, Juneteenth, and the 4th of July. These factors caused interviews to be backed up by approximately three weeks. illumifin has worked diligently to address these delays, and is now back on track. We appreciate your patience and understanding during this period.   illumifin Phone Health Interviews Resume Regular Service Times   #goldencareagent #mutualofomaha
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Today you can download a complete list of your in-force policies using Mutual of Omaha’s Book of Business tool on Sales Professional Access (SPA). We appreciate all the positive feedback on our Book of Business tool, and we are committed to offering an enhanced way of doing business with Mutual of Omaha. Life just got sweeter with a book of business display tool coming soon. The availability of viewing a PDF in the Policy Management Details Page is based on the date the PDF became available in our storage application (Mid Summer of 2020) and then by product type. The
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Reminder: We are moving! The Mutual of Omaha Advanced Markets group will no longer be updated or monitored starting September 30, 2024. We encourage all members of this group to join us on the Mutual of Omaha Brokerage Sales Facebook and LinkedIn pages to stay up-to-date with all things brokerage sales. Facebook Page: https://www.facebook.com/groups/293951935405250 LinkedIn Page: https://www.linkedin.com/showcase/mutual-of-omaha-brokerage-sales/   Reminder – Advanced Markets LinkedIn is Moving!   #goldencareagent #mutualofomaha
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