United of Omaha’s Living Promise whole life insurance product helps policyholders protect their loved ones from the cost of their final expenses. And now, Living Promise provides even more protection! Effective August 16, 2023, the following changes have been implemented: Level Benefit Plan maximum face amount increased to $50,000 Graded Benefit Plan is available in Arkansas We’ve lowered the age for diabetes for the Graded Benefit Plan to 45. (except in CA, the age is 50) Marijuana is no longer considered an “unlawful drug” for the purposes of the application and underwriting For Transition Rules regarding applications: Electronic and paper
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Inflation Protection
It’s without question that the cost of healthcare will rise in the coming years. Helping your clients fight inflation is a great way to ensure they have the coverage needed as they age. Inflation Protection The current maximum monthly benefit and remaining policy limit increase annually by the percentage the insured selects The increase occurs on each policy anniversary date for the length of time the insured selects – either for the life of the policy or for a limited period of time Inflation Protection Buy-Up Option The buy-up option is only available on MutualCare® Custom Solution policies Each year,
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Medicare Solutions – Omaha Family of Companies
Medicare Supplement: Upcoming Rate Adjustments View upcoming rate adjustments for various states. Start Earning Marketing Credits for 2024 Start 2024 off on the right foot by earning Marketing Credits with Mutual of Omaha. Upcoming Rate Adjustments View upcoming rate adjustments for various states. Our e-App Training Video is Now Available Learn more about the e-App storefront with our in-depth training video. Dental: Update to Florida Dental Insurance Rates We have lowered the Florida rates in our Dental Product and Rate Guide. Prescription Drug Plans: Get Ready to Sell 2024 PDP Plans Be certified ready to
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Great News! Automatic Bill Pay is Accessible
Beginning August 7, 2023, existing policyholders will be able to sign up for Automatic Bill Pay for all modes (monthly, quarterly, semi-annually, or annually) in various ways. For policies issued between 1987 and 2003 Policyholders can log in to Customer Access and complete their billing mode change under the “Billing” tab or Call Customer Service at 1-877-845-0872 to request mode changes For policies issued 2004 and later Policyholders can complete and return the Benefit Change Request Form and Electronic Funds Transfer Authorization along with a voided check or Call Customer Service at 1-800-921-9334 to request mode changes Please note, Automatic
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Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
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LTC Sales Contest — Earn a Bonus!
An LTC Sales Bonus Is Within Reach! There’s nothing quite like earning a bonus. Knowing that you did what it takes to go above and beyond to earn a little extra for yourself feels really good. And in this case, you’ll also feel good knowing that you’re helping protect your clients from the unexpected financial burden that can result from not having long-term care insurance. It’s a win-win! So get excited, because a bonus is within your reach! We’re having an LTC Sales contest that can help you earn yourself a 5% bonus! Here’s what you need to know: Only
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Medicare Solutions – Omaha Family of Companies
Medicare Supplement: Underwriting Guide Updates Our handy underwriting guide has been updated with the latest rules and regulations pertaining to Medicare supplement. Application Requirements for Non-English Speaking and/or Reading Applicants Learn about what steps producers need to take to help ensure non-English speaking applicants understand coverage they are applying for. Dental: Enhanced Dental Solutions – Coverage Your Senior-Age Clients Want and Need Help your clients get the additional coverage they want and need with a dental insurance policy from Mutual of Omaha. Medicare Advantage Plans: Mutual of Omaha to Offer Co-Branded Medicare Advantage Plans in 2024 Two
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Medicare Solutions – Omaha Family of Companies
Medicare Supplement: Upcoming Rate Adjustments View upcoming rate adjustments for various states. e-Application Reminder Avoid slowing down the underwriting process when filling out an e-Application in the Mutual of Omaha e-Application storefront. Upcoming Rate Adjustments View upcoming rate adjustments for various states. Our Medicare Supplement Rates are Right On You will like what you see as you compare our rates against our competitors.. Dental: New Dental Marketing Materials are Available New dental insurance marketing materials highlighting the enhanced benefits are now available. Prescription Drug Plans: 2024 PDP Producer Guide Available Be prepared to sell Mutual
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Understand Elimination Periods
Lets talk about elimination periods. Its important for clients to understand long-term care insurance ins and outs and the benefit options available to them. Helping your clients understand the different types of elimination periods is key. Explain the terms: Elimination period — The short answer is, “waiting period.” It’s how long a policyholder has to wait until their coverage goes into effect. The elimination period countdown begins once the policyholder has begun receiving LTC services. Service day elimimnation period — This means only the days when the policyholder receives covered services can go towards the elimination period. Calendar day elimination
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Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
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Care Coordination Provides Real Value for Families
The need for long-term care can come on fast or over time. Family members often need help in finding appropriate care for loved ones. Help your clients understand how it works: The insured or a trusted family member calls the toll-free number in the policy to initiate a claim. A care coordinator contacts the insured or the family member to assess the need for long-term care services. The care coordinator then develops a personalized plan of care and helps to arrange for services. The care coordinator continues to monitor the insured’s progress and the quality of care received. Check out
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New Strategic Alliance with Mutual of Omaha and Wellcare
New Strategic Alliance with Mutual of Omaha and Wellcare Two leaders in the senior health market- Mutual of Omaha and Wellcare have formed a strategic alliance to offer jointly designed Medicare Advantage plans in select markets for the 2024 plan year. As a customer-focused company, Mutual of Omaha is committed to offering a comprehensive suite of senior health products. Medicare Advantage plans offered with Wellcare are a meaningful addition to our portfolio of senior health solutions designed to meet customers’ individual needs. A trusted brand among seniors with 95% brand awareness, Mutual of Omaha is the nation’s second-largest provider of
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