The MutualCare® Solutions Product Guide has been updated to reflect the new processes effective February 23, 2020. Updated sections include: “Completing the Application” section has been updated to reflect the following changes: We have removed “Date of Application (Initial Premium Required)” as a policy effective date option Initial premium will no longer be accepted (no longer accepting cash with application) Temporary insurance agreements and conditional receipts will no longer be available “Administrative Handling” section has been updated to reflect the following changes: Added post issue requirement premium submission mailing address Oklahoma has been added as a Pre-Appointment state View the
Read More
Updates to LTC Policy Dating Process and Commission Timing
Mutual of Omaha is committed to providing you a product portfolio that meets the needs of your clients. With this goal in mind, we have made the following changes to get your LTC policies issued efficiently. Currently, compensation is paid on LTC13 policies once premium has been collected and the policy is in force, regardless of any outstanding Post Issue Requirements (PIRs). Beginning February 23, 2020, compensation will now be paid at the time all PIRs are received and the case is considered placed. Applications signed on or after this date will be effective on the date the policy is
Read More
The Changing Landscape of Long-Term Care Planning
LTCi Remains Firmly Rooted as Viable Option When it comes to planning for LTC, consumers have more choices than ever before. But if they’re looking for the least expensive option, more comprehensive and generous benefits and other features like care coordination and inflation protection, then a traditional LTCi policy may be their best option. Traditional Policy Advantages: The least expensive way to fund long-term care services, providing strong value for the consumer Benefits are more comprehensive and generous than those provided by combined products Flexible policies provide coverage during the progression of care Provides known coverage amounts on day one
Read More
Time to Start the Conversation
Did You Know? The U.S. Department of Health and Human Services predicts that 70% of people who reach age 65 will need long-term care services at some point in their lives. There’s no better time than LTC Awareness Month to start talking to your clients about the importance of planning for their long-term care needs. Mutual of Omaha also has the tools you need to begin this important conversation, including tips on how to get people talking plus a variety of materials – flyers, brochures even a short presentation to help you highlight the importance of planning for long-term care.
Read More
