With the products in the Critical Advantage Portfolio, your clients get coverage that pays a lump-sum benefit upon diagnosis of a covered condition. It also offers two underwriting options to give your clients the benefits they need fast. It also means you get paid fast. Express underwriting for Critical Advantage products covers benefit amounts from $10,000 to $50,000. It has simple yes/no knock-out questions to make applying easy and fast. Simplified underwriting is for benefit amounts from $51,000 to $100,000. Simplified underwriting also has simple yes/no knock-out questions in addition to a MIB, Pharmaceutical inquiry and possible telephone interview. No
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How to Safely Conduct Business
As we shared with you on March 16, 2020, Mutual of Omaha is practicing social distancing to help protect the health and safety of our associates and ensure uninterrupted service to our customers and you. We encourage you to also do your part to slow the spread of the coronavirus. You’re likely rethinking how you can keep yourself and others safe in a business that’s built on relationships with people and, most often, face-to-face interactions. Mutual of Omaha is offering suggestions on how to continue your business in today’s environment while keeping both you and your clients safe and healthy.
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COVID-19, Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
Coronavirus, COVID-19, critical illness, disability, disability income, insurance, life, Life Insurance, Long-Term Care, long-term care insurance, LTC, LTCi, Medicare Supplement, Medigap, mutual of omaha, omaha, and United of Omaha.
Coronavirus, COVID-19, critical illness, disability, disability income, insurance, life, Life Insurance, Long-Term Care, long-term care insurance, LTC, LTCi, Medicare Supplement, Medigap, mutual of omaha, omaha, and United of Omaha.
Anti-Money Laundering (AML) Refresher Training
As REQUIRED by federal regulation, all producers writing permanent life or annuity products must complete the Anti-Money Laundering (AML) training. Each producer that completed AML training prior to January 1, 2020 is required to complete AML renewal training by June 30, 2020. The renewal course is titled “Money Laundering and Cybercrime – Anti-Money Laundering for Insurance Review” will automatically be assigned by LIMRA and takes approximately 30 minutes to complete. Mutual of Omaha has contracted LIMRA to provide anti-money laundering training at no cost to you. Once you’ve completed the course, LIMRA will automatically send Mutual of Omaha a notification.
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Important Information Regarding LTC Underwriting and New Business
From the Desk of Marty Johnson LTC Underwriting and New Business have received several inquiries for processing alternatives in light of the current situation. The e-Application located on Sales Professional Access remains the best means to submit an application and reduce amendments; however, this email provides information on the following topics: NEW: Email submission of applications and requirements NEW: LTC Policy output options Accepted ways of accepting electronic signatures for new business processing The status of our new business vendors NOTE: This information pertains exclusively to the long-term care product portfolio. Email Submission of LTC Applications Starting on March
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Important Information Regarding the Underwriting of Pending Applications
From the Desk of Marty Johnson As COVID-19 cases increase within the United States and around the world, Mutual of Omaha is issuing the following underwriting guidance on new and pending applications for life and health products (Accidental Death, Long-Term Care, Disability Income, Critical Illness, Cancer, and Heart Attack & Stroke), effective immediately: If the proposed insured or any member of his or her household has traveled or resided outside of the United States within the past 30 days, the application will be postponed until 30 days following their return. If the proposed insured or any member of his or
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COVID-19 Notice for NM Residents Applying for an LTC Rider
Due to the recent spread of COVID-19, effective immediately, New Mexico is requiring an additional notice if the Long-Term Care Rider is sold with an IUL policy. The attached notice must be included and left with the client. Our Long-Term Care Rider application kits have been updated to include the new notice. If you have any New Mexico Long-Term Care Rider application packets already printed, please also include this notice. This notification impacts New Mexico only, no other states. Current policyholders in New Mexico who have an IUL policy with a Long-Term Care Rider will also be sent this notification.
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Holiday Telephone Solicitation Bans for the Month of April 2020
In addition to the state of New York*, that currently prohibits unsolicited telemarketing sales calls during a State of Emergency, please be aware of the following US holiday telephone solicitation bans for the month of April: On Friday, April 10, 2020: Louisiana and Pennsylvania prohibit unsolicited marketing calls to residents in observance of Good Friday On Sunday, April 12, 2020: Louisiana prohibits unsolicited marketing calls to residents in observance of Easter; however, state law already prohibits telephone solicitations on Sundays On Monday, April 27, 2020: Alabama and Mississippi prohibit unsolicited marketing calls to residents in observance of Confederate Memorial Day
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Mutual of Omaha is Open for Business – Coronavirus Update
As you are likely aware, Mutual of Omaha’s physical location is temporarily closed. We are practicing social distancing and have asked all associates who are able, to work from home. We appreciate your patience and understanding as we take steps to protect the health and safety of our associates and ensure uninterrupted service to our customers. Please know that we are open for business in a remote capacity. Our processes and procedures are functioning and we should not experience an interruption in business for either our customers or business partners. We are able to accept and process insurance applications just
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Updates to Term Life Answers Conversion Language
Effective April 1, 2020, we will be updating the conversion language for our Term Life Answers policies. Conversion Period The conversion period allowed will be as follows: 10-year Term: – For issue ages 18-72: The earlier of 10 years or age 75 – For issue ages 73+: During the first 2 policy years only 15-year Term: – The earlier of 15 years or age 75 20-year Term: – The earlier of 20 years or age 75 30-year Term: – During the first 20 policy years only Conversion Product Beginning April 1, 2020, the language in the Term Life Answers
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Get Business Submitted Fast and Easy with the Critical Advantage e-App
The Critical Advantage e-App is the best way to submit your applications for Critical Illness, Cancer and Heart Attack and Stroke. Here are a few reasons why. Allows you to quote a premium and complete an application at the same time You’re always using correct forms and your applications are completed in good order Provides a paperless “green” experience Simple e-signature process Auto-save functionality A dashboard shows all applications in process Take a look at the Critical Advantage Quick Start Guide here for detailed instructions on using the e-App.. If you have questions, please contact your Mutual of Omaha
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