Nearly everyone knows someone who has been diagnosed with cancer or heart disease. And people who are 65 and older have a higher risk of developing these conditions. When you are meeting with your potential Medicare Supplement clients during open enrollment, try cross-selling a Cancer & Heart Attack/Stroke policy. Cancer & Heart Attack/Stroke coverage are part of Critical Advantage℠ Portfolio. These policies have a lifetime coverage option that can be issued up to age 89. Benefits are paid upon first diagnosis of any covered condition, are paid directly to your client and can be used for any expense they have.
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GUL Express Rates Are Dropping
On October 1, 2019, we will be making Guaranteed Universal Life (GULE) even more competitive, with rate decreases between 5 and 30 percent! Product Updates We will be decreasing rates – in some cases up to 30%! We will be expanding the maximum issue age for non-tobacco to age 70 (tobacco will remain at age 65) We will be changing the maximum face amounts to match Term Life Express. The maximum face amounts will now be: 18-50: $300,000 51-60: $250,000 61-65: $150,000 61-70: $150,000 The Disability Continuation of Planned Premium Rider will be introduced on GUL Express in California at
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Our LTC Rider Helps Clients Preserve Their Independence
When the need for long-term care arises, your clients’ primary concerns will be protecting their assets and preserving their independence. Our LTC Rider on Income Advantage IUL and Life Protection Advantage IUL helps your clients to do just that. We offer benefit payment options of 1%, 2% and even as high as 4% on face amounts up to $1.25 million. This allows your clients to purchase up to $50,000 in monthly LTC Rider benefits. And what’s even better, your clients are protected by a company with a proven track record. Mutual of Omaha has offered traditional LTCi for over 30
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IUL Participation Rate and Cap Rate Changes
Effective November 10, 2019, we will be making changes to our participation rates and cap rates on our Income Advantage IUL and Life Protection Advantage IUL products. The slight decreases to the rates come as a result of the current rate environment and the increased market volatility, which causes an increase in options costs. These rate changes will apply to newly issued policies, as well as to any in force policies with a segment that is created (with new premium dollars) or renews on November 10th. With the sweep feature, all money received in the home office on or before
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Case Study: Why Clients Get Issued “Other Than Applied”
Camila, a 63-year-old woman in Arizona, applied for MutualCare® Custom Solution. She was quoted Select; however, after underwriting review, a Class I rate was offered. How did this happen? During the application process, Camila hadn’t told her agent about a stroke she had 3 years ago, and it was discovered when the underwriter reviewed her medical records. This stroke history changed Camila’s rate class, and upon discovery the underwriter emailed the agent regarding the rate class change and encouraged the agent to call and discuss options with the client. The agent discussed the rate class change with the client and
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Flexible Payment Options Added to More Products
Good news! Flexible payment options will be available for your Critical Advantage&sig;, Priority Income Protection® and Guaranteed Advantage clients starting September 27, 2019, for your clients that prefer to pay by automatic bank deductions. They now have the option to select a flexible payment date when choosing their reoccurring automatic deductions The new flexible payment options are shown below: Static dates: 1st through 28th or last day of each month Flexible day: Week/day combination – client can select a combination of: First, second, third fourth or last week of the month and any day Monday through Friday Here is the
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Living Promise Instant Decision Enhancements
When you sit with your clients you want to provide them with an underwriting decision as quickly as possible. We are always looking for ways we can improve our processes to make doing business even easier for you and your clients. Last month we installed enhancements to the rules for Automated Underwriting on Living Promise e-Applications. After the install, we saw a 6% change. This resulted in decreases in referrals and increases in decisions at point-of-sale. We are continually watching trends and making adjustments to our rules to ensure you have the best experience possible for both you and your
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Medicare News – Omaha Family of Companies
Medicare Supplement: Upcoming Med Supp Rate Adjustments Please view the upcoming Med Supp Rate Adjustments in CO and PA. 2020 Med Supp and Dental Marketing Credits Program Our 2020 Marketing Credits Program will now include credits for your dental applications as well as Medicare supplement applications. And now earn 1% of ANBP on all qualified apps whether submitted via paper or e-App. Value Added Benefits- Let’s Talk Mutual has several value-added benefits with their Medicare supplement plans – EyeMed, Amplifon and Mutually Well. Now we can talk about them pre-sale and have new marketing materials to share with
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GoldenCare Newsletter | September 23, 2019
In this GoldenCare Newsletter Edition Read Full GoldenCare Newsletter, September 23, 2019 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: Be sure you’ve got the latest version! Double click “Check for Updates” on your desktop to receive the latest update or call us at 800-842-7799! Happy Selling! Current Promotion!: Mutual of Omaha DREAM BIG Promotion ONE WEEK
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LTC Underwriting Guide Update
First announced in our April 2019 Underwriting Operation teleconference, the LTC field underwriting guide has been updated to include the newest guideline improvement: TENS units are now accepted. What are TENS units? TENS units, or transcutaneous electrical nerve stimulation units, are battery-operated devices used to treat pain. They work by delivering small electrical impulses through electrodes that have adhesive pads attached to a person’s skin and are an excellent noninvasive method for relieving pain. Clients with TENS units currently in use will be rated based on specific health condition. Review the changes on page 53 here, access the guide on
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