Effective, December 24th, 2020 the following changes will be made to the Critical Advantage application underwriting questions. With these changes, clients who previously were ineligible for coverage, may now qualify. Changes to the application: Cancer application Changed the cancer look-back question from lifetime to 10 years Modified look back treatment/testing question from 5 to 3 years Only 3 health questions Heart attack and stroke application Changed the heart attack and stroke look back question from lifetime to 10 years Modified look back treatment/testing question from 5 to 3 years Enhanced diabetes question Critical Illness application Changed the cancer look back
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New Underwriting Guidelines Booklet – Now Available
The Life Insurance Underwriting Guidelines booklet has been updated for January 1, 2021 and is now available to order. Changes effective January 1, 2021 include: The IRS Tax Transcript form number that was previously 4506T-EZ has been updated and is now 4506-C. The new 4506-C tax transcript form is available to download on SPA. The generally acceptable maximum face amount for juveniles has been increased from $100,000 to $250,000; and the maximum we will consider has been increased from $250,000 to $500,000 We will now request a pharmaceutical check (Rx) for all Juvenile policies The updated guide is available to
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New Sales and Marketing Process Brochure
Six Steps to LTCi Sales Boost your LTCi sales by furthering your product and sales process knowledge! Our new Sales and Marketing Process brochure breaks the sales process down into 6 thoughtful steps, helping you organize your approach to sales. This handy brochure also suggests other educational material for each step in the process, so it’s an invaluable resource for learning all things LTCi. Check out the steps and how they can help you jump start sales by downloading the brochure. New Sales and Marketing Process Brochure #goldencareagent #mutualofomaha #longtermcare
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Good News | Omaha Reiterates Their Commitment to Long-Term Care Insurance
Good News! Mutual of Omaha Believes In Long-Term Care Insurance We sold our first long-term care insurance policy in 1987, and since then, Mutual of Omaha has paid over $1.1 billion in benefits to our policyholders. We are committed to providing solutions that will meet the long-term care needs of your clients and prospects, and to offer you the tools and resources that make it easy to do business with us. Thank you for your continued trust in Mutual of Omaha. We believe in long-term care insurance and look forward to providing you LTC solutions for years to come. We
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GoldenCare Newsletter | December 21, 2020
Read Full GoldenCare Newsletter, December 21, 2020 Edition In this GoldenCare Newsletter Edition From GoldenCare: PROMO TIME! Perfect Portfolio Sales Incentives Get those apps in before December 31, 2020 HAPPY SELLING! Diversify your portfolio for greater sales success! Join us for product and sales live and prerecorded training. Stay up-to-date on the latest products and sales strategies. Check back for our next exciting promotion! Guest Article: “Long-Term Care Insurance Decline Rates Reported” by Jesse Slome, American Association for Long-Term Care Insurance Enjoy! Compliance: REMINDER: Updates to GoldenCare Contracting Made Easy Paperwork GoldenCare Agent Compliance Guide GoldenCare
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LTC06UI Rate Adjustments Effective March 1, 2021
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 March 1, 2021: Block of Business Impacted States LTC06UI Delaware For a complete rate history, see the state approval grid on Sales Professional Access. Policyholder Notification Process Policyholders will receive
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LTC04I, LTC04G and LTC06UI Rate Adjustments Effective April 1, 2021
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 April 1, 2021: Block of Business Impacted States LTC04I, LTC04G and LTC06UI Maine For a complete rate history, see the state approval grid on Sales Professional Access. Policyholder Notification Process
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IUL Historical Performance is Now Available for IUL Express
At Mutual of Omaha, our goal is to be as transparent as possible in our IUL renewal rate setting process. That’s why we continue to provide you with our historical index interest rates, as well as our renewal participation rates and caps. These flyers have been available for our fully-underwritten IULS; and, now that IUL Express has been available for a full year and inforce policies are hitting their anniversary, we also have a brand new flyer showing our IUL Express Historical Rates. IUL Express Historical Rate Flyer Income Advantage Historical Rates Flyer Life Protection Advantage Historical Rates Flyer These
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Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
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Medicare Solutions – Omaha Family of Companies
Medicare Supplement: Upcoming Rate Adjustment View upcoming rate adjustments for Missouri, effective February 1, 2021. January Rate Release View upcoming rate adjustments for New Hampshire, effective January 1, 2021. Plan F Available in Montana Effective December 18, 2020, Plan F is available to sell in Montana. 2021 Marketing Materials Available New copay and deductible marketing materials are now available to order or download. Dental: Dental Rate Reduction and Multi-Policy Discount Mutual of Omaha is offering a rate reduction and multi-policy discount in Washington D.C., effective January 1, 2021. #goldencareagent #mutualofomaha
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Contracting and Appointments Service Level Improvements
We previously notified you that we were experiencing delays in the processing of Contracts and Appointments. As of December 16, 2020, we have significantly reduced our processing times and are currently working on Contracting and Appointment requests that were received between December 11 and December 13. All three of our new training classes have completed training and are actively assisting us in reducing the overall pending work. The team is continuing to work hard to reduce the backlog and is forecasting additional improvements in turnaround times over the coming weeks. Please note there are still delays in receiving criminal records
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