Our Accelerated Underwriting program can speed up the underwriting process for your clients if they fit the program requirements. It’s an easy process that could provide an underwriting decision in 48-72 hours! Recently the program got even better: We made the program available for Income Advantage IUL and Life Protection Advantage IUL in addition to Term Life Answers. We increased the maximum face amount from $1 million to $2 million. Here are the basic program requirements: Application: Speed eTicket (Drop Ticket) Issue Ages: 18-55 Face Amounts: $100,000 – $2,000,000 Products Available: Term Life Answers (10-, 15-, 20- and 30- year),
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Medicare News – Omaha Family of Companies
Medicare Supplement: Upcoming Rate Adjustment View upcoming rate adjustments. Avoiding Processing Delays Tips for avoiding processing delays of Medicare supplement applications. Medicare Advantage and Prescription Drug Plans: PDP Request for Information Making sure your PDP enrollment form is complete and accurate helps to assure there are no delays in processing due to request for information (RFIs). #goldencareagent #mutualofomaha
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LTC Underwriting Issue Age FAQ
We have received questions regarding our temporary underwriting guideline changes effective April 16, 2020. In response, we have developed a Frequently Asked Questions document. Mutual of Omaha remains committed to the long-term care insurance marketplace. Please continue to reach out to your Sales Directors if you have any questions. Thank you for your flexibility and understanding. LTC Underwriting Issue Age FAQ #goldencareagent #mutualofomaha > Related: Important LTC Underwriting Update
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Important Life Underwriting Update
Throughout the rapidly evolving pandemic, Mutual of Omaha has been continuously evaluating our underwriting and new business practices to support business continuity, deliver a consistently high level of service, and maintain our financial strength. As a result, effective Wednesday, April 15, 2020, we are implementing the following temporary changes to our life insurance underwriting guidelines. These changes apply to all fully-underwritten life insurance cases that are not already approved or issued. This includes any newly submitted and pending in-house cases, whether formal or informal. Postponements Due to International Travel All fully-underwritten life insurance cases where the proposed insured has plans
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From our Advanced Markets Team: LTCi – Self-Insurance or Self-Delusion?
LTC: Self-Insurance or Self-Delusion? Hear from our Advanced Markets Team! Some clients say they would prefer to self-insure instead of purchasing a long-term care policy. And while that may sound like the cheaper option, there are a lot of moving parts here that clients often don’t consider. You can learn more about the pitfalls of self-insurance from Stephen Alloy on our Advanced Markets team here. From our Advanced Markets Team: LTCi – Self-Insurance or Self-Delusion? #goldencareagent #mutualofomaha #longtermcare
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Policyholder Rerate Letter Update
Mutual of Omaha and its affiliates provide notification to our Medicare supplement policyholders of their upcoming rate adjustments. Notification letters are sent in accordance with state regulations 30 or more days in advance of the effective date of the rate change. As we adjust business practices in response to the Covid-19 virus, we want to assure our Medicare supplement policyholders we are aware that many may be economically impacted. Currently, we are adding the following copy to our re-rate notification letters. “If you are experiencing hardship due to the coronavirus (COVID-19) pandemic and need additional time to pay your
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Email Address on Submitted Applications
This is a reminder to please fill-out your client’s applications completely before submitting for all Mutual of Omaha products. This includes capturing the customer’s email address. We encourage you to use an e-App if it is available for your products. e-Apps are an easy and fast way to submit business and have a field for email address. Most paper applications also have a field for an email address so if you prefer to use a paper application, please make sure you are including the client’s email address if applicable. Thank you for your business. Email Address on Submitted Applications
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Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
critical illness, disability, health, Life Insurance, Long-Term Care, long-term care insurance, LTC, LTCi, Med Supp, Medicare Supplement, Medigap, MS, mutual of omaha, omaha, pending cases, and Underwriting'.
critical illness, disability, health, Life Insurance, Long-Term Care, long-term care insurance, LTC, LTCi, Med Supp, Medicare Supplement, Medigap, MS, mutual of omaha, omaha, pending cases, and Underwriting'.
Increased Simplified Underwriting Amounts for Disability Income
Mutual of Omaha is committed to helping you continue to meet the income protection needs of your clients. We have good news to share, to make it easier to sell disability income insurance. Effective immediately, we are making the following enhancement to new applications for simplified underwriting guidelines: Increasing the amount from $3,000 to $6,000 of monthly benefit Advantages of Simplified Underwriting: Ages 18-45, no labs up to and including $6,000 Age 46+ blood urine, physical data No financial requirements up to and including $6,000 monthly benefit, all benefit periods* *If requesting the self-employed discount, two-year financial documentation will be
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IUL Express Keeps Getting Faster – For Apps and Illustrations
In November, we introduced our new IUL Express product. This product took IUL products into the fast lane by using a simplified-issue process. We provided new videos showing how DocuSign can speed up the application process in the current environment. And this week, we are unveiling new changes that result in your IUL Express illustrations running even faster. Applications: In the past few weeks, we began allowing the submission of IUL Express paper applications electronically using one of our accepted electronic signature methods and our paper application submission via email process. This process has a substantial impact on how quickly
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Medicare News – Omaha Family of Companies
Medicare Supplement: Upcoming Rate Adjustments View upcoming Med supp rate adjustments in Connecticut, Missouri and Nebraska. May Rate Releases View new Med supp rates effective May 1, 2020 in Colorado, Florida and Maryland. 2020 Marketing Credits Program Learn how you can earn credits to pay for business expenses that help build your Medicare supplement and dental business. Policyholder Rerate Letter Update Medicare supplement policyholder rerate letters now provide for customer service contact for individuals impacted by Covid-19 to discuss their premium payment options. #goldencareagent #mutualofomaha
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