Better Living Longer is an Aging-in-Place Platform that connects millions of families with transformative services they may need in or around their homes. What’s Included in the Helper Bees Program? Educational resource library with information on preventive care tips, fall prevention, vision care, health & fitness programs with many other articles. It also provides policyholders with a variety of in-home services. Linking them with vetted providers that allows policyholders to explore and purchase services, home accommodations, errand running, transportation, meal service, along with several other options. When Will The Helper Bees be Available? The program will be available on the
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LTC Care Coordination
Arranging for long-term care services is no easy task. When a loved one needs help with everyday activities, families often have to act quickly. Mutual of Omaha’s LTCi policies contain a care coordination benefit that helps families manage their loved one’s long-term care. Take a look at our Care Coordination Sales Idea to keep you and your client on the same page. LTC Care Coordination #goldencareagent #mutualofomaha
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An opportunity for inherited qualified funds
The SECURE Act An opportunity for inherited qualified funds On December 20, 2019, Congress passed into law provisions from the Setting Every Community Up for Retirement Enhancement (SECURE) Act. This landmark legislation provides the most significant changes to the retirement industry in more than a decade and makes investing for retirement more accessible to millions of Americans. How does this impact long-term care planning? First, the legislation eliminates the concept of “stretch IRAs,” which extended the tax-deferred status of an inherited IRA when it passed to a non-spouse beneficiary. The beneficiary could “stretch” the life—and the associated tax advantages—of
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Inflation Protection
Historically, the cost of long-term care services has increased by approximately 5 percent per year, and that trend is expected to continue. Adding an inflation protection rider is a good way to ensure the policy your clients purchase today provides adequate coverage 20 years down the road when they’re likely to need care. Read more on what Mutual of Omaha has to offer. Inflation Protection #goldencareagent #mutualofomaha
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Changes to LTC Underwriting
Throughout 2023, the Mutual of Omaha Long-Term Care Underwriting Team has been focused on enhancing the ease of doing business with us. Recognizing that lead time and challenges in obtaining medical information have been problematic, we are now incorporating medical claims data to assist us in our risk evaluation process. We are confident that by integrating this medical claims data into our underwriting toolbox, we will streamline processing and reduce the need for additional requirements. Ultimately, this will result in quicker decisions for you and your clients. Effective June 20, 2023, we will begin ordering medical data for all applications
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NGL’s A (Excellent) Rating Affirmed by AM Best
National Guardian Life Insurance Company (NGL) is pleased to announce AM Best has affirmed its A (Excellent) rating effective May 25, 2023. This rating reflects the excellent ability of NGL to meet its ongoing insurance policy and contract obligations and further attests to its financial strength. “We are proud to have our A rating affirmed and to be recognized for NGL’s strong capital position and operating results. It is great news for our 1.2 million policyholders* and their families. NGL’s rating further exemplifies our commitment to being a leader in the insurance industry and growing our Preneed market share as
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Mutual of Omaha’s Wild Kingdom Has Big News
Sixty years after its original debut, Mutual of Omaha’s Wild Kingdom will return to NBC this fall with an original new series produced by a major production company in an exclusive partnership with Mutual of Omaha. On Saturday, October 7, 2023, Mutual of Omaha’s Wild Kingdom Protecting the Wild will premiere on NBC’s “The More You Know” programming block, marking a return of the Wild Kingdom to the network after more than 30 years! You will also be able to view the educational series on NBC.com or NBC Video on Demand. The series will be hosted by wildlife expert and
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Errors and Omissions Insurance
Errors and Omissions Insurance in the amount of $1 million (per claim) is required prior to selling: • Term Life Answers • Universal Life • Index Universal Life • All Annuity • Critical Advantage • Disability • Long-Term Care Errors and Omissions is not required for: • Term Life Express • Final Expense • Index Universal Life Express • Children Whole Life • Medicare Supplement • Dental • Prescription Drug Rx • Accidental Death As a GoldenCare producer, you have the ability to get this valuable coverage at a discount! Check out our Errors and Omissions and learn how easy
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Help Clients Stay at Home With an LTCi Policy
Clear up the misconceptions by walking your clients through how an LTCi policy can ease their burden and keep them in their home longer. The policy they choose today should be flexible enough to meet their needs for tomorrow. The MutualCare® Solutions portfolio offers up to four ways to help keep clients in their own home for as long as possible. Read more on what’s offered to your client. If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or e-mail sales.support@mutualofomaha.com. Help Clients Stay at Home With an LTCi Policy #goldencareagent
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Inforce LTCi Rate Adjustments Effective September 1, 2023
Mutual of Omaha actively monitors our inforce long-term care business, filing rate adjustments when necessary to ensure we keep our promises to policyholders and remain competitive in the marketplace. We will be implementing the following inforce rate adjustments effective September 1, 2023: Impacted Forms Impacted States LTC04G West Virginia LTC04I West Virginia LTC09M West Virginia LTC04I7 West Virginia LTC09U West Virginia LTC06UI West Virginia LT50, NH50, HCA, LTA and NHA Rhode Island For details on yearly rate adjustment percentages, view the supplemental grid here. Policyholder Notification Process Policyholders will receive a letter notifying them at least 60 days prior
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