Of course, for those of us in the insurance business, every month is Life Insurance Awareness Month. But each September, you have a special opportunity to share what you do with clients, prospects and your communities in general. Throughout September, advertising for Life Insurance Awareness Month will appear in national media coverage, so that makes it a perfect time for you to contact clients and prospects to perform a review of their life insurance coverage. Use our Life Insurance for Living brochure to illustrate the many ways that life insurance can help protect them. It’s a simple, conversational piece dedicated
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TLE: Versatile, Simple, Trustworthy
Families want to protect their home and the life they’ve built for their family. That’s exactly what a Term Life Express product does. But TLE offers more than just affordable coverage. Here are some other benefits of TLE: Versatility Face amounts from $25,000 – $300,000 Living Benefit Riders – at NO additional cost Chronic Illness Rider Terminal Illness Rider Critical Illness Rider Simplicity Quick Issue Simplified underwriting (no blood or urine tests required) e-App Mobile quoting app Trustworthiness Backed by a legacy brand with outstanding financial ratings For clients who are looking to choose an affordable term product – look
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We’re Strongest When We Work Together
Nothing is More Powerful than Passionate People Working Together. Recently, we’ve seen the IUL industry beginning to use complex product features to enhance their hypothetical illustration values. This has taken the focus off of doing what’s right for clients and put it on to which company can manipulate their product to illustrate better values. Choosing a product based on these illustrated values might be appealing, but it may not be what’s best for our industry in the long run. We need to get back to selling IULs based on what they were designed to do and provide customers with a
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Initial Premium Bank Draft Update
We recently informed you of a technical issue with our initial premium payment drafts. We have fixed the issue and the bank drafts for initial premium are functioning like normal. When your client requests a specific date for the first premium draft, their bank account will be drafted on the day they requested – not a few days later. If your client picks the second Tuesday of each month – their payment will come out on the second Tuesday of each month. Don’t forget to let your clients know they have options when selecting the date their payment comes out.
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Learn the Basics: Living Promise
If you are a new agent or would just like to learn more about Living Promise (Final Expense) Whole Life Insurance, we’ve made it simple for you. We created this quick, informative video to teach you about the product features and some of the selling points of Living Promise. Or to view in a separate window, click here. If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com. Learn the Basics: Living Promise #goldencareagent #mutualofomaha
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LTC Post-Issue Requirements: Amendment Scenarios
Last week you read the overview of the three types of post issue requirements for LTC policies: amendments, outstanding premiums and Policy Delivery Acknowledgments. Amendments must be returned to Mutual of Omaha within 60 days of your client’s policy being issued. Changes made within the first sixty days from issue will also require a returned amendment. The Benefit Change form found in the issue kit may be used to request a benefit change but is not required, nor is it a replacement for an amendment. Amendments are required for a variety of situations, including: Missing Application Requirements When an application
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LTC13, Critical Advantage, TLA and Living Promise E-App Unavailable September 1st
On Sunday, September 1st, the Paperless Solutions Group e-app environment will be temporarily unavailable as we perform routine maintenance. This will affect LTC13, Critical Advantage, TLA and Living Promise product lines. The planned outage will last 5:00 a.m. (CST) Sunday through 5:00 p.m. (CST). For consideration of additional time zones, the outage window will be: Eastern — 6:00 a.m. through 6:00 p.m. Mountain — 4:00 a.m. through 4:00 p.m. West Coast — 3:00 a.m. through 3:00 p.m. We encourage you to take this outage window into consideration when arranging any appointments on Sunday, September 1st. We apologize for any inconvenience
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Rate Adjustments Effective December 2019
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. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow 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 December 1, 2019: Block of Business Impacted States LTC04G Rhode Island For a complete rate history, see the state
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Rate Adjustments Effective October 2019
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. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow 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 October 1, 2019: Block of Business Impacted States LTC04I, LTC04G Colorado For a complete rate history, see the state
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Tips for Selling DI – Young Couples: Important Prospects for Income Protection
Individuals in this age group have a lifetime of earning potential. Income is their most important asset. Their lifestyle and long-term financial plans depend on it. An illness or injury that keeps your client from working can quickly impact other assets such as savings and retirement funds. These resources could be depleted depending on the time needed for recovery and return to work. To learn more about Mutual of Omaha for Disability Income Insurance click here. Tips for Selling DI – Young Couples: Important Prospects for Income Protection #goldencareagent #mutualofomaha
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