LTC Compensation Timing Update

To better align with our other product lines, beginning June 5, 2020, compensation for LTC policies will be paid at the time all Post Issue Requirements (PIRs) are received and the case is considered placed. As a reminder, below are the PIRs that must be received to place the policy in force: Outstanding Premium Monthly EFT drafts will occur on the first renewal date selected by the customer. For all modes other than monthly, a billing statement will be sent with the policy. Total premium is due 60 days from issue. Policy Delivery Acknowledgement A Policy Delivery Acknowledgement (PDA) is
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Rate Adjustments Effective August 1, 2020

Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha, and we intend to remain a key player in this market for years to come. To fulfill this commitment, we actively monitor emerging industry trends and make any adjustments necessary that enable us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective August 1, 2020: Block of Business Impacted States LTC06UI Colorado   For a complete rate history, see the state approval grid on Sales Professional Access. Policyholder Notification Process Policyholders will receive
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Rate Adjustments Effective September 1, 2020

Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha, and we intend to remain a key player in this market for years to come. To fulfill this commitment, we actively monitor emerging industry trends and make any adjustments necessary that enable us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective September 1, 2020: Block of Business Impacted States LTC04I and LTC06UI Rhode Island   For a complete rate history, see the state approval grid on Sales Professional Access. Policyholder Notification Process
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

An Extra Feature on Income Advantage IUL at No Extra Cost

The Guaranteed Refund Option rider is included with all qualifying Income Advantage IUL policies at no additional cost. You may be wondering why clients even need a GRO rider, when most companies illustrate a projected 6 percent (or thereabouts) indexed interest crediting rate. Read the Guaranteed Refund Option on IUL flyer to learn how the GRO rider can help provide Income Advantage IUL clients with an additional layer of protection – especially in an unpredictable market. And don’t forget – Income Advantage IUL policies can now be submitted using our Speed eTicket drop ticket process through iPipeline!   An Extra
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Underwriting Tip: Owner and Beneficiary Relationships

We offer a variety of simplified issue Express life insurance products to help meet your clients’ needs. It’s important for you to be aware of the acceptable owner/beneficiary relationships. Acceptable Owner/Beneficiary Relationships include: Spouse, Fiancée, Domestic Partner Parent Child Life Insurance Trust Acceptable Beneficiary-Only Relationships (not as owner) include: Estate Siblings Grandparents and Grandchildren Close Relatives by Marriage (in-laws) Ex-spouse Any other Owner/Beneficiary relationships will not be approved. Get this information and other important underwriting information in our Underwriting Guide. And, to learn more about our simplified issue Express products, visit mutualofomaha.com/simple.   Underwriting Tip: Owner and Beneficiary Relationships  
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Basics of DI Underwriting

Unfortunately, many Americans are totally unprepared for the financial hit that a sickness or injury can bring. If your clients don’t have disability income insurance, then their financial portfolio may be at risk. When you are helping clients think about income protection you need to understand how eligibility is determined by your client’s occupation, medical history and income. View Know the Basics flyer.   Basics of DI Underwriting   #goldencareagent #mutualofomaha
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

Medicare Solutions – Omaha Family of Companies

Medicare Supplement: Upcoming Rate Adjustment View upcoming rate adjustment for North Dakota.   June Rate Release-DC, IN, NJ, WY View June 2020 Rate Release for District of Columbia, Indiana, New Jersey, and Wyoming.   Dental: Spotlight on Dental-Our Product View information on our Dental product.   #goldencareagent #mutualofomaha
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Categories: Dental, Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Holiday Telephone Solicitation bans for the month of June 2020

Please be aware of the following US holiday telephone solicitation bans for the month of June 2020: On Monday, June 1, 2020: Alabama prohibits unsolicited marketing calls to residents in observance of Jefferson Davis Day. On Wednesday, June 3, 2020: Louisiana prohibits unsolicited marketing calls to residents in observance of Confederate Memorial Day. On Sunday, June 14, 2020: Pennsylvania prohibits unsolicited marketing calls to residents in observance of Flag Day. Holiday Telephone Solicitation bans for the month of June 2020   #goldencareagent #mutualofomaha
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Categories: Industry News and Mutual of Omaha (& Affiliates).

Omaha Now Ranked #300 On Fortune 500 List

We improved our position on Fortune Magazine’s 500 list. We moved up to No. 300.  #fortune500   #mutualofomaha     Mutual of Omaha Improves Position on Fortune 500 List   #goldencareagent #mutualofomaha #fortune500
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Categories: Accident Insurance, Critical Illness, Dental, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

GoldenCare Newsletter | May 18, 2020

Read Full GoldenCare Newsletter, May 18, 2020 Edition In this GoldenCare Newsletter Edition From GoldenCare:   Diversify your portfolio for greater sales success! Join us for product and sales live and prerecorded training.  Stay up-to-date on all the latest and greatest in the industry.    For a list of current topics and to get in on the discussion Click Here. Update Your Contracts LTCCEO Updates: NEW UPDATE!  If you haven’t updated yet or you haven’t got your copy, contact us today to find out how! Current installs: Double click “Check for Updates” on your desktop to receive the latest update or
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Categories: GoldenCare News, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), and Securian.