Products in the Critical Advantage Portfolio may be the missing piece to help build your business. With the quick quoting options to the simplicity of the underwriting, Critical Advantage products are a perfect fit for you and your clients. The Critical Advantage Portfolio includes Critical Illness insurance, Cancer insurance & Heart Attack/Stroke insurance. Most of us know someone who has been diagnosed with one or more of the covered conditions, so the need for these products is great. All products in the portfolio offer: Benefits paid direct to insured Competitive rates No reduction of benefits at any age To see
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Give Your Clients Credit using Our Fit Underwriting Program
Our Fit Underwriting Program offers your clients the potential for a better rate class and a lower premium. Here are some examples of what it means to be physically or financially fit. Great family history — no deaths from any disease prior to age 70 Optimal blood pressure control (treated or untreated) with an average of 135/85 or better Preferred or better build, ages 18-60; Standard Plus or better build, ages 61-75 Regular preventative medical care and compliant follow-up for treated impairments (within the past 12 months) Income > $100,000, or net worth > $1,000,000 Preferred or better driving record
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IUL Max Illustrated Rate Change
Effective February 1, 2020, the IUL maximum illustrated rates in WinFlex Web will increase as follows: Income Advantage IUL: 100% Participation Rate with 11% Cap: Increasing from 6.58% to 6.62% 140% Participation Rate with 8% Cap: Increasing from 5.33% to 5.36% 60% Participation Rate with No Cap: Increasing from 6.58% to 6.62% Life Protection Advantage IUL: 100% Participation Rate with 10% Cap: Increasing from 6.13% to 6.16% 140% Participation Rate with 7% Cap: Increasing from 4.72% to 4.74% 50% Participation Rate with No Cap: Increasing from 5.76% to 5.80% IUL Express: 100% Participation Rate with 10% Cap: Increasing from 6.13%
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Updates to LTC Policy Dating Process and Commission Timing
Mutual of Omaha is committed to providing you a product portfolio that meets the needs of your clients. With this goal in mind, we have made the following changes to get your LTC policies issued efficiently. Currently, compensation is paid on LTC13 policies once premium has been collected and the policy is in force, regardless of any outstanding Post Issue Requirements (PIRs). Beginning February 23, 2020, compensation will now be paid at the time all PIRs are received and the case is considered placed. Applications signed on or after this date will be effective on the date the policy is
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TLE e-App Updates
Important TLE e-App Transition Update Beginning Wednesday, January 22, 2020, you will begin seeing a blocker page if you try to start a new application in the TLE – Traditional e-App on iPipeline. You can no longer start new applications using the TLE – Traditional e-App. To start a new e-App, please use the updated e-App, TLE – Point of Sale Decision. The blocker page will include the instructions below for completing a new application: Go to the Case Information page Select the “Find Available Products” button Select “Term Life Express Point of Sale Decision” as the product Complete the
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Tax Advantages of Disability Income Insurance
The taxation of disability income insurance is straightforward – especially in individual cases. However, surprises can occur if policies are set up incorrectly as unexpected taxation of a benefit reduces available funds at precisely the wrong time. Individual DI In terms of taxes, individual DI is rather clear cut. Premiums paid by individual policyholders are non-deductible as they are not considered an eligible medical expense on Schedule A. Also, benefits are not included as income and therefore not taxable. Employer-Paid DI In disability income cases where a business entity is involved, the tax implications are varied. Here are some common
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Medicare News – Omaha Family of Companies
Medicare Supplement: High Deductible G in HI, IN, ME, PA Effective January 24, 2020 the new High Deductible Plan G will be available for sale in Hawaii, Indiana, Main and Pennsylvania. Rate Adjustment-MS and NC United of Omaha policy holders will notice a rate adjustment for the states of Mississippi and North Carolina. Florida Med Supp Outline Change With MACRA changes, the Florida outline of coverage now only displays monthly rates. Spotlight on Dental- Taking an App It’s easy to give your clients the dental coverage they need and it starts with the application. Explanation of
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The Critical Advantage® Portfolio Refreshed Material is Here
The new Critical Advantage marketing material is here! Time for you to kick the year off right and start selling now. Not only does the marketing material have a new look, it’s been updated to be more customer friendly and have the latest statics and product details. The Critical Advantage products; Critical Illness insurance, Cancer insurance & Heart Attack/Stroke insurance, pay the expenses health insurance does not cover. Things like copays, deductibles and any other out-of-pocket expense. To view the new material, click here for Sales Professional Access. You can also order the new material through your normal ordering channels.
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A Fresh New Look for Our IUL Materials
Our IUL products provide your clients with life insurance protection while also offering upside potential by linking the product’s accumulation value to the upside performance of a market index. On Life Protection Advantage, our protection-focused product, the accumulation value can help extend the death benefit beyond the no-lapse protection period. On Income Advantage, our accumulation-focused product, the cash value can help provide future supplemental income for retirement, college funding, or other expenses. We have just updated our IUL materials with a fresh, new look for the new year! The new materials are available for download on the Sales Professional Access
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Express Reference Guide, Life Insurance Products
United of Omaha’s Express Life Products Reference Guide can provide you with the underwriting requirements – such as the height and weight chart as well as examples of ineligible conditions – on our Simplified Issue products. United of Omaha Simplified Underwriting products include: Term Life Express, Guaranteed Universal Life Express, Indexed Universal Life Express, Living Promise Final Expense, Children’s Whole Life, and Guaranteed Advantage. This is a great piece to download and keep with you to use as a reference guide! If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email
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