Submitting a Long-Term Care (LTC) application can be tricky, and mistakes often lead to delays or denials. Here’s a quick guide to common errors and tips for a smooth submission. Common Mistakes to Avoid Incomplete Information: Ensure all required fields, like name, signature, and birthdate, are filled out. Missing info can halt processing. Incorrect Formatting: Always use the specified date format (e.g., MM/DD/YYYY). Double-check to avoid complications. Alterations or Corrections: Do not make handwritten changes on the HIPAA page. Make sure everything is complete and correct before submitting. Missing Signatures: Both the applicant and the producer must sign the application.
Read More
Tax Advantages for Public Safety Retirees Listed in LTC Agent Tax Guide
The Long-Term Care Agent Tax Guide now reflects tax advantages for public safety retirees. This information is located on page 5 of the guide. For public safety retirees, distributions from governmental plans for long-term care insurance can be excluded from gross income. The maximum exclusion from gross income is the lesser of $3,000 or the actual amount paid for insurance in the tax year. As of December 29, 2022, the exclusion from gross income applies whether the premiums are paid to the long-term care insurance carrier or to the retiree. The guide is available for digital download in the Forms
Read More
New Thrivent Consumer Prospecting Brochure available
The Foundational Plan approach—New Consumer Brochure now available We’re pleased to introduce a new piece in our 6-step Foundational Plan approach. This consumer-facing brochure is meant to help you start an extended care conversation that is simple and affordable. This two-sided flyer is used in Steps 2 and 3 of the Foundational Plan approach and provides a high-level overview of Extended Care planning and shows sample premiums for a co-funding approach on the back. This approach is meant to generate interest from a prospect to set up a meeting for a deeper discussion and customized plan design. Download a state
Read More
It’s that time of year again!
It’s that time of year again! As we approach the 4th quarter, be sure you’re following up on your conversations with business owners and key decision makers at employer groups now. Take a look at our Tax Summary for additional information on how businesses large or small may get a tax deduction for purchasing plans on their owners or their employee and their spouse, too! Get their LTCi plans in place as soon as possible so they can get their premiums paid in 2024 for 2024 tax deduction for the business. Submitting applications now will help you have as much
Read More
Help Clients Address Their Long-Term Care Needs Through an IUL
Our index universal life policies not only provide death benefit protection but can also help preserve client’s estate when an LTC rider is added. The LTC rider allows them to access their death benefit early to reimburse the policyowner for covered long-term care services, once the conditions of the rider have been met. Are you ready to learn more about our Long-Term Care Rider? Visit at MutualofOmaha.com/ltc-rider. Help Clients Address Their Long-Term Care Needs Through an IUL #goldencareagent #mutualofomaha
Read More
Why Traditional Long-Term Care Insurance
While nontraditional funding options may work for some people, a traditional LTCi policy remains the best solution for many of your clients. A traditional LTCi policy can be significantly less expensive than other funding alternatives, and benefits like a built-in cash option, provide flexibility throughout the progression of care. Learn more about traditional LTCi and our ongoing commitment with this sales idea flyer: The Changing Landscape Why Traditional Long-Term Care Insurance #goldencareagent #mutualofomaha
Read More
illumifin Phone Health Interviews Resume Regular Service Times
We are pleased to announce that illumifin has returned to normal service times for Phone Health Interviews (PHI). Previously, we experienced delays due to significant application volumes and the impact of holidays such as Memorial Day, Juneteenth, and the 4th of July. These factors caused interviews to be backed up by approximately three weeks. illumifin has worked diligently to address these delays, and is now back on track. We appreciate your patience and understanding during this period. illumifin Phone Health Interviews Resume Regular Service Times #goldencareagent #mutualofomaha
Read More
Thrivent LTCi Underwriting Enhancement
Long-Term Care Underwriting Enhancement: Statement of Good Health We are pleased to announce that effective immediately, Thrivent will no longer require a signed Statement of Good Health (SOGH) to be completed by the agent and client IF the outstanding requirements (including money) are received within 60 days of the Declaration of Insurability (DOI) being completed. The SOGH form will be required in the following circumstances: If the Declaration of Insurability is greater than 60 days from date of underwriting decision If the client(s) elect to increase coverage any time after the Declaration of Insurability is completed and before the policy
Read More
New Policy Management Tool Available in September
Today you can download a complete list of your in-force policies using Mutual of Omaha’s Book of Business tool on Sales Professional Access (SPA). We appreciate all the positive feedback on our Book of Business tool, and we are committed to offering an enhanced way of doing business with Mutual of Omaha. Life just got sweeter with a book of business display tool coming soon. The availability of viewing a PDF in the Policy Management Details Page is based on the date the PDF became available in our storage application (Mid Summer of 2020) and then by product type. The
Read More
Reminder – Advanced Markets LinkedIn is Moving!
Reminder: We are moving! The Mutual of Omaha Advanced Markets group will no longer be updated or monitored starting September 30, 2024. We encourage all members of this group to join us on the Mutual of Omaha Brokerage Sales Facebook and LinkedIn pages to stay up-to-date with all things brokerage sales. Facebook Page: https://www.facebook.com/groups/293951935405250 LinkedIn Page: https://www.linkedin.com/showcase/mutual-of-omaha-brokerage-sales/ Reminder – Advanced Markets LinkedIn is Moving! #goldencareagent #mutualofomaha
Read More
