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
Read More
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
Read More
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
Read More
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:
Read More
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
Read More
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
Read More
New Sales Idea: Understanding Elimination Periods
It’s important for clients to understand long-term care insurance and how it can be tailored to meet a client’s specific needs. Talking about elimination periods is part of this process. Download our NEW Sales Idea to learn more! If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com. New Sales Idea: Understanding Elimination Periods #goldencareagent #mutualofomaha #longtermcare
Read More
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
Read More
Updated LTC Underwriting Guide
The LTC field underwriting guide has been updated. Review the Power of Attorney change on page 48 by downloading below or order the updated guide via normal ordering channels. LTC Underwriting Guide Need to order supplies? Contact GoldenCare’s Supply Team directly by calling 888-410-7766 or emailing supplies@goldecnareusa.com for updated hardcopy materials! Updated LTC Underwriting Guide #goldencareagent #mutualofomaha #longtermcare
Read More
Updated Marketing Materials Now Available
Updated marketing materials are now available for states with rate and benefit changes effective September 1, 2020. The details are outlined below. Impacted States: Alabama, Alaska, Arkansas, Colorado, Georgia, Idaho, Illinois, Iowa, Kentucky, Louisiana, Maine, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, and Wyoming Updated Materials Product Guide MutualCare Custom Brochure MutualCare Secure Brochure Please discontinue use of old materials and order through your normal ordering channels. Need to order supplies? Contact GoldenCare’s Supply Team directly by calling 888-410-7766
Read More
Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
calendar-day elimination period, care coordination, cash benefit, elimination period, inflation protection, insurance, Long-Term Care, long-term care insurance, LTC, LTC Conversation, LTC Planning, LTCi, mutual of omaha, omaha, sales idea, and sales ideas.
calendar-day elimination period, care coordination, cash benefit, elimination period, inflation protection, insurance, Long-Term Care, long-term care insurance, LTC, LTC Conversation, LTC Planning, LTCi, mutual of omaha, omaha, sales idea, and sales ideas.
