New EFT/PAC Form We are pleased to announce that we have an improved Electronic Funds Transfer/Pre-Authorized Check (EFT/PAC) form designed to help get policies placed and delivered faster and easier than before! The new form will be available for each state starting May 19, 2023. It will be available through the E-APP and in the Application and Forms option under the New Business dropdown on the Agent Resource Center. It will replace the existing Pre-Authorized Check form in all states. About the process: The Pre-Authorized Check (PAC) Premium Payment Premium Payment Service Form can be obtained at time of application
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First Premium Payment Methods Are Changing
Effective June 28, 2023 Due to our vendor’s processing change, we will no longer be able to accept credit cards as a method of payment for the first premium payment as of June 28, 2023. For a client’s first premium payment we accept: Personal check Cashier’s check Electronic check or eCheck OneAmerica® accepts checks made payable to OneAmerica or to The State Life Insurance Company®. Pay by eCheck tip Complete the Electronic Premium Payment Authorization, I-34818. The form authorizes one-time or recurring debit payments from a checking or saving account. Make sure the client has their bank account and
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Inforce LTCi Rate Adjustments Effective August 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 August 1, 2023: Impacted Forms Impacted States LTC04G Colorado LTC04I7 Colorado LTC09M Colorado LTC09U Colorado 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 to the premium rate increase effective date as outlined above. Along with the premium rate increase notification letters,
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Help is One Phone Call Away with OneAmerica
Supporting Customers Through Long-Term Care Events Retirement comes with endless possibilities, but also added risks. The more we age, the more likely we are to need long-term care. One way for your clients to continue to be there for their loved ones is to have a plan. In case of a long-term care event, your customers can make sure not only that they will have the means to pay for it, but that their loved ones will have the support they need. Help is Only One Phone Call Away Our Care Benefit Concierge makes it easy for a power of
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Mutual of Omaha’s Wild Kingdom – Lost Coral of Key West
Lost Coral of Key West Coral reefs cover less than 1% of the ocean floor, but are home to 25% of all marine life. As climate change, pollution and disease ravage this precious resource, the scientists at the Association of Zoos and Aquarium’s Florida Reef Tract Rescue Project are racing the clock to restore these dying reefs before they are gone forever. Join host Peter Gros as he follows this incredible team defying the odds to reproduce, rebuild and restore Florida’s reefs one single piece at a time. Watch Video #goldencareagent #mutualofomaha #wildkingdom
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Alabama LTC Partnership Update
1% and 2% compound inflation now qualify for Partnership. Thrivent worked with the Alabama Insurance Department to allow for 1% and 2% compound inflations to be eligible for the state partnership program. This was approved in November. This change will be retroactive to qualifying policies issued since 11/15/22 when Alabama ‘s approval was received. Existing policyholders who qualify will receive a notification of the partnership status of their policies. The Partnership Requirements grid has been updated, as well as the Solutions Studio illustration software. Download Partnership Requirements Consumer Partnership Flyer #goldencareagent #thrivent #ltc
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At Mutual of Omaha, We Keep Our Promises
When helping clients navigate the various LTCi policies available to purchase, make sure that you provide clients with options from companies that have a long history of strength, security and stability. To help ensure the claims-paying ability of the company is there when clients need them most. As stated in this client brochure, at Mutual of Omaha, we have been keeping an important promise to our long-term care policyholders for over three decades…we’ll be here to pay their claims. For any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083. At Mutual of Omaha, We Keep
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Top Ten Long-Term Care Considerations
Learn more about the top ten long-term care health conditions and how Mutual of Omaha underwrites them with care and responsible underwriting. This quick guide will help you understand how we review these common health conditions. Download the Top Ten Long-Term Care Considerations guide now! If you need additional assistance, contact our LTC underwriting pre-screen team at ltcunderwriting@mutualofomaha.com or by phone at 800-551-2059. Top Ten Long-Term Care Considerations #goldencareagent #mutualofomaha
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Streamlining Electronic Sales with eApp
New enhancements to our eApp process are making it easier for you to submit new business with OneAmerica®. These new features and deep-dive resources are built to improve your virtual workspace experience as you continue to grow your business. They add value to your time while developing efficiencies in our current virtual environment. With eApp you can: Obtain signatures electronically. Run illustrations to prefill applications. Automatically order LTCG tele-interview. Eliminate application errors, no NIGOs. Reduce processing time by two to five days. Place your order with one click! No more calls for tele-interview orders! The new auto-order button automatically
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Save $200 on CLTC Designation with exclusive discount
Learn more, earn more According to CLTC data, graduates write over 20% more LTCi in their first year after earning the CLTC designation. Why should you invest in the designation? Watch this video from a CLTC grad to learn why he took the CLTC designation, despite having over 20 years of experience in long-term care planning. Watch Video Thrivent believes in the benefits of being Certified in Long-Term Care. This program is designed to help you have better extended care discussions with your clients. We have negotiated an exclusive $200 discount code for those looking to invest in themselves
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