A.M. Best Reaffirms Financial Strength Rating of Mutual of Omaha & Its Subsidiaries

A.M. Best performed their annual rating committee review on Mutual of Omaha and affirmed our financial strength rating of A+ (Superior) with a stable ratings outlook. The ratings reflect Mutual of Omaha’s balance sheet strength, which A.M. Best categorizes as very strong, as well as our strong operating performance, favorable business profile and appropriate enterprise risk management. Mutual of Omaha has experienced favorable capital growth, with a notable increase in 2020 as a result of closing on its sale of Mutual of Omaha Bank, reinsurance transactions and strong operating performance, which have all helped increase its risk-adjusted capital levels. The
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Categories: Industry News and Mutual of Omaha (& Affiliates).

Union Security Rate Adjustment – North Carolina

Medicare Supplement Rate Adjustment in North Carolina The following rate adjustments are effective February 1, 2021 for new and in-force business in North Carolina: Lumico Rate Adjustment State Plan A Plan C Plan F Plan G Plan N North Carolina 4.0% 4.0% 4.0% 4.0% 4.0%   Applications signed on or before December 31, 2020 will receive the current rates. Application signed on January 1, 2021, or later, will receive the new 2-1-21 rates. Applications re-dated on or after January 1, 2021 will receive the new 2-1-21 rates. Click to download the new North Carolina Rate Cards   Marketing Materials: For
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Categories: Industry News, Medicare Supp./Adv., and Union Security.

Union Security Rate Adjustment – Iowa

Medicare Supplement Rate Adjustment in Iowa The following rate adjustments are effective February 1, 2021 for new and in-force business in Iowa: Lumico Rate Adjustment State Plan A Plan F Plan G Plan N Iowa 7.0% 6.0% 7.0% 3.0%   Applications signed on or before December 31, 2020 will receive the current rates. Application signed on January 1, 2021, or later, will receive the new 2-1-21 rates. Applications re-dated on or after January 1, 2021 will receive the new 2-1-21 rates. Click to download the new Iowa Rate Cards   Marketing Materials: For your convenience, click on the blue tab
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Categories: Industry News, Medicare Supp./Adv., and Union Security.

Union Security Rate Adjustment – Virginia

Medicare Supplement Rate Adjustment in Virginia The following rate adjustments are effective February 1, 2021 for new and in-force business in Virginia: Lumico Rate Adjustment State Plan A Plan F Plan G Plan N Virginia 4.0% 5.0% 4.0% 0.0%   Applications signed on or before December 31, 2020 will receive the current rates. Application signed on January 1, 2021, or later, will receive the new 2-1-21 rates. Applications re-dated on or after January 1, 2021 will receive the new 2-1-21 rates. Click to download the new Virginia Rate Cards   Marketing Materials: For your convenience, click on the blue tab
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Categories: Industry News, Medicare Supp./Adv., and Union Security.

Union Security Rate Adjustment – Nevada

Medicare Supplement Rate Adjustment in Nevada The following rate adjustments are effective February 1, 2021 for new and in-force business in Nevada: Lumico Rate Adjustment State Plan A Plan F Plan G Plan N Nevada 4.0% 5.0% 4.0% 0.0%   Applications signed on or before December 31, 2020 will receive the current rates. Application signed on January 1, 2021, or later, will receive the new 2-1-21 rates. Applications re-dated on or after January 1, 2021 will receive the new 2-1-21 rates. Click to download the new Nevada Rate Cards   Marketing Materials: For your convenience, click on the blue tab
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Categories: Industry News, Medicare Supp./Adv., and Union Security.

Union Security Rate Adjustment – Mississippi

Medicare Supplement Rate Adjustment in Mississippi The following rate adjustments are effective February 1, 2021 for new and in-force business in Mississippi: Lumico Rate Adjustment State Plan A Plan F Plan G Plan N Mississippi 5.0% 5.0% 5.0% 0.0%   Applications signed on or before December 31, 2020 will receive the current rates. Application signed on January 1, 2021, or later, will receive the new 2-1-21 rates. Applications re-dated on or after January 1, 2021 will receive the new 2-1-21 rates. Click to download the new Mississippi Rate Cards   Marketing Materials: For your convenience, click on the blue tab
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Categories: Industry News, Medicare Supp./Adv., and Union Security.

Union Security Rate Adjustment – Georgia

Medicare Supplement Rate Adjustment in Georgia The following rate adjustments are effective February 1, 2021 for new and in-force business in Georgia: Lumico Rate Adjustment State Plan A Plan F Plan G Plan N Georgia 4.0% 4.0% 4.0% 0.0%   Applications signed on or before December 31, 2020 will receive the current rates. Application signed on January 1, 2021, or later, will receive the new 2-1-21 rates. Applications re-dated on or after January 1, 2021 will receive the new 2-1-21 rates. Click to download the new Georgia Rate Cards   Marketing Materials: For your convenience, click on the blue tab
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Categories: Industry News, Medicare Supp./Adv., and Union Security.

Union Security Rate Adjustment – Alabama

Medicare Supplement Rate Adjustment in Alabama The following rate adjustments are effective February 1, 2021 for new and in-force business in Alabama: Lumico Rate Adjustment State Plan A Plan F Plan G Plan N Alabama 6.0% 9.0% 6.0% 3.0%   Applications signed on or before December 31, 2020 will receive the current rates. Application signed on January 1, 2021, or later, will receive the new 2-1-21 rates. Applications re-dated on or after January 1, 2021 will receive the new 2-1-21 rates. Click to download the new Alabama Rate Cards   Marketing Materials: For your convenience, click on the blue tab
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Categories: Industry News, Medicare Supp./Adv., and Union Security.

Union Security Rate Adjustment – Utah

Medicare Supplement Rate Adjustment in Utah The following rate adjustments are effective February 1, 2021 for new and in-force business in Utah: Lumico Rate Adjustment State Plan A Plan F Plan G Plan N Utah 5.0% 5.0% 5.0% 0.0%   Applications signed on or before December 31, 2020 will receive the current rates. Application signed on January 1, 2021, or later, will receive the new 2-1-21 rates. Applications re-dated on or after January 1, 2021 will receive the new 2-1-21 rates. Click to download the new Utah Rate Cards   Marketing Materials: For your convenience, click on the blue tab
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Categories: Industry News, Medicare Supp./Adv., and Union Security.

Union Security Rate Adjustment – Arizona

Medicare Supplement Rate Adjustment in Arizona The following rate adjustments are effective February 1, 2021 for new and in-force business in Arizona: Lumico Rate Adjustment State Plan A Plan F Plan G Plan N Arizona 4.0% 4.0% 4.0% 0.0%   Applications signed on or before December 31, 2020 will receive the current rates. Application signed on January 1, 2021, or later, will receive the new 2-1-21 rates. Applications re-dated on or after January 1, 2021 will receive the new 2-1-21 rates. Click to download the new Arizona Rate Cards   Marketing Materials: For your convenience, click on the blue tab
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Categories: Industry News, Medicare Supp./Adv., and Union Security.