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 August 1, 2021, we will be implementing these changes in three additional states. Impacted States District of Columbia, Hawaii and New Jersey Rate Adjustments Premium adjustments may vary by age, sex and benefit selection. You may view the
Read More

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

ATTENTION FLORIDA AGENTS: Optional HHC Rider Now Available

Effective June 1, 2021, Mutual of Omaha implemented pricing and benefit changes in four additional states (DC, FL, ND & SD). In Florida, however, one additional change was made to enhance the product offering. When the MutualCare® Solutions LTCi products were launched in 2013, the Florida State Department of Insurance approved a state-specific version which did not allow the optional Waiver of Elimination Period for Home Health Care rider to be offered. Exciting News! Mutual of Omaha is pleased to announce that, as of June 1, 2021, Florida MutualCare® Solutions LTCi policies can now be sold including this optional rider!
Read More

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

LTC New Business Rate Refresh and Benefit Changes in 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 June 1, 2021, we will be implementing these changes in four additional states. Impacted States Delaware, Florida, North Dakota and South Dakota Rate Adjustments Premium adjustments may vary by age, sex and benefit selection. You may view the
Read More

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

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

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

ATTENTION AGENTS! LTC New Business Rate Refresh and Benefit Changes in 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 June 1, 2021, we will be implementing these changes in four additional states. Impacted States Delaware, Florida, North Dakota and South Dakota Rate Adjustments Premium adjustments may vary by age, sex and benefit selection. You may view the
Read More

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

On Demand Webinar Training Series

Watch our LTCi Training Series on demand! To watch on demand, follow the steps below: Click the webinar link. Register for the on-demand event (or enter your email address). View the presentation! Topics are listed below: Back to the Basics of LTCi: Go back to the basics with a product overview and the history of long-term care insurance. Sales and Marketing Process and the Tools You Can Use: Get to know your LTC sales and marketing team as they share the “Six Steps of the LTCi Sales Process” and the tools you can use. All About Underwriting: Learn more about
Read More

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

New to Long-Term Care Insurance?

Part 1: Let’s Begin the Conversation Learning about long-term care insurance is easy with with our training videos. Start by focusing on why clients need LTCi. Watch the Video   If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com.   New to Long-Term Care Insurance?   #goldencareagent #mutualofomaha
Read More

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

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
Read More

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
Read More

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

Six Steps to LTCi Sales

Boost your LTCi sales by furthering your product and sales process knowledge! Our new Sales and Marketing Process brochure breaks the sales process down into 6 thoughtful steps, helping you organize your approach to sales. This handy brochure also suggests other educational material for each step in the process, so it’s an invaluable resource for learning all things LTCi. Check out the steps and how they can help you jump start sales by downloading the brochure.   Six Steps to LTCi Sales   #goldencareagent #mutualofomaha
Read More

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