REMINDER: Rate Refresh Partner Allowance Guidelines

Mutual of Omaha is allowing a 6-month period for policyholders to receive the “Partner – Both Issued” allowance when partners are issued policies with two different rates (one issued pre rate refresh, one issued post rate refresh). The rule will only apply if the second partner’s policy is issued within 6 months of the rate refresh effective date. Below are scenarios based on a state with a rate refresh implementation date of September 1, 2020 and a six-month deadline of March 1, 2021. Partner A is issued a policy with old rates. The 15% “Partner – One Issued” allowance applies
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

LTC New Business Rate Refresh and Benefit Changes for Additional States

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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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

December LTC Claims Webinar – Register Now!

WE’RE HOSTING AN LTC WEBINAR SERIES Join your Mutual of Omaha Claims Team as we cover what happens come claim time. The event is scheduled for Thursday, December 17, 2020 Start Time: 10:30 AM Central Duration: 30 minutes REGISTER NOW!   If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com.   December LTC Claims Webinar – Register Now!   #goldencareagent #mutualofomaha #longtermcare
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Recipes for LTC Success

Recipes for Success Just in time for the holiday season, Mutual of Omaha cooked up some recipes to help you begin the conversation about the importance of planning for long-term care. Recipes for LTC Success   Recipes for LTC Success   #goldencareagent #mutualofomaha #longtermcare
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Register Now: All About Underwriting Webinar

WE’RE HOSTING AN LTC WEBINAR SERIES Join your Mutual of Omaha LTC Underwriting and New Business team as we talk all about underwriting. The event is scheduled for Thursday, November 19, 2020 Start Time: 10:30 AM Central Duration: 30 minutes REGISTER NOW!   If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com.   Register Now: All About Underwriting Webinar   #goldencareagent #mutualofomaha #longtermcare
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

LTC Rate Refresh Transition Rule Best Practices

Recently, you should have received our communication outlining the transition rules, implementation dates and benefit option changes to the MutualCare® Solutions Portfolio for the states of Kansas, Maryland, Massachusetts, Pennsylvania and Wisconsin. I want to reinforce how important it is to take note of our transition rules as they were outlined: Old applications signed after October 31, 2020, will not be accepted Old applications signed by October 31st but received by Mutual of Omaha after November 13, 2020 will not be accepted In both scenarios, new applications would be required, and new rates and benefits options would apply. No exceptions
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Suze Orman Believes in LTCi

Suze Orman Believes in Long-Term Care Insurance Suze Orman, the famous personal finance expert, has been a long-term care insurance believer for years, and recommends clients start their research on LTCi once they turn 50. Read Suze’s recent Money Monday LinkedIn articles to learn more about what she thinks, including how to justify premium adjustments.   If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com.   Suze Orman Believes in LTCi   #goldencareagent #mutualofomaha #longtermcare
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Phase 2 LTC New Business Rate Refresh and Benefit Changes

On September 1, 2020, Mutual of Omaha implemented new business rate refresh and benefit option changes to the MutualCare® Solutions Portfolio in 32 states. Effective November 1, 2020, we will be implementing 5 additional states for the rate refresh and benefit changes. The details are outlined below: Impacted States Kansas, Maryland, Massachusetts, Pennsylvania and Wisconsin. Transition Rules New paper and e-Applications for MutualCare Solutions will be required beginning November 1, 2020. The new application pack cover series will end in _1120. Please discontinue use of all old applications based on the transition rules below. The following transition rules will apply:
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Webinar: Sales and Marketing Process

WE’RE HOSTING AN LTC WEBINAR SERIES Join your Mutual of Omaha LTC sales and marketing team as we share the “Tools You Can Use” along the sales and marketing process! The event is scheduled for Thursday, October 15, 2020 Start Time: 10:30 AM Central Duration: 30 minutes REGISTER NOW!   If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com.   Webinar: Sales and Marketing Process   #goldencareagent #mutualofomaha #longtermcare
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

The Changing Landscape of LTC Planning

When it comes to planning for long-term care, today’s consumers have more choices than ever before. While nontraditional funding options may work for some people, a traditional LTCi policy remains the best solution for many of your clients.   Why Traditional LTCi It’s the Best Value — A traditional LTCi policy can be significantly less expensive than other funding alternatives Coverage is More Comprehensive — Compared to other funding vehicles, it’s the best way to ensure people can get the LTC services they need Benefits Provide Flexibility — Benefits, like a built-in cash option, provide flexibility throughout the progression of
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).