Mutual of Omaha actively monitors our inforce long-term care business, filing rate adjustments when necessary to ensure we keep our promises to policyholders and remain competitive in the marketplace. We will be implementing the following inforce rate adjustments effective September 1, 2023: Impacted Forms Impacted States LTC04G West Virginia LTC04I West Virginia LTC09M West Virginia LTC04I7 West Virginia LTC09U West Virginia LTC06UI West Virginia LT50, NH50, HCA, LTA and NHA Rhode Island For details on yearly rate adjustment percentages, view the supplemental grid here. Policyholder Notification Process Policyholders will receive a letter notifying them at least 60 days prior
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Understanding your Exposure with Telephone Solicitations
Telephone solicitations are an important aspect of insurance marketing. Unfortunately, this has become a high-risk endeavor. The Telephone Consumer Protection Act of 1991, better known as the TCPA, was enacted to protect consumers from unwanted telemarketing calls and faxes. It imposes liability in the form of regulatory fines and incentivizes private plaintiffs to pursue claims with statutory damages of $500 to $1,500 per call, with no limit. Attorneys’ fees for defending TCPA actions can easily reach hundreds of thousands of dollars and multi-million dollar settlements are, unfortunately, a common occurrence. Agents and brokers are expected, and contractually required, to act
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Important Changes to COVID Guidelines
Mutual of Omaha continues to closely monitor our new business and underwriting practices to ensure we create efficiencies and improvements when making business decisions regarding our underwriting guidelines. We are happy to announce the following changes to our COVID guidelines for Fully Underwritten Life, effective June 1, 2023. Acceptance Guidelines Based on Insured’s Issue Age: We are now accepting applications on clients through age 79 without table rating restrictions Additionally, we are now able to consider clients aged 80-85 for Standard risk class ONLY Clients with a Positive COVID Test A Statement of Good Health continues to be required if:
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COVID-19, Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
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Medicare Solutions – Omaha Family of Companies
Medicare Supplement: Upcoming Rate Adjustments View upcoming rate adjustments for various states. Maryland Birthday Rule – Open Enrollment Period A new Open Enrollment period is available in Maryland starting July 1, 2023. New Addition to the Mutually Well Paid Membership – Burnalong Mutual of Omaha Medicare supplement customers with a Mutually Well paid membership will have access to an additional wellness platform, effective July 1, 2023. Upcoming Rate Adjustments View upcoming rate adjustments for various states. Dental: Dental Solutions for Your Clients Mutual of Omaha offers flexible Dental options that your clients will smile about.
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Don’t Forget to Check Out the Book of Business Download
It hasn’t taken long for Mutual of Omaha’s Book of Business download to climb the best-seller list! With the Book of Business download, you can easily download a complete list of the inforce Mutual of Omaha policies* you have sold in one easy-to-sort file. Having the sortable information in one place keep you better informed about your clients’ coverages and better positions you to answer any questions they may have about their policies. Don’t forget to check out the Book of Business Download! To learn more about the new feature, we have created a Book of Business Instructional Flyer.
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Accident Insurance, Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
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Condition-Related Marketing: Atrial Fibrillation (AFIB)
Condition-Related Marketing: Atrial Fibrillation (AFIB) AFIB is a somewhat common health condition that can raise concern during the underwriting process. We have created a brand new flyer that answers questions specific to the condition for your reference. This piece highlights the distinctions between Atrial Fibrillation and Atrial Flutter, who is at risk, evaluation methods, treatment options and a brief overview of underwriting guidelines. Check out our AFIB flyer #goldencareagent #mutualofomaha
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June is Alzheimer’s Awareness Month
Critical illness insurance possesses broad appeal for a variety of reasons. Considering that it covers a number of serious conditions, Alzheimer’s Disease being one of them. According to the Alzheimer’s Association, more than 6 million Americans are living with Alzheimer’s. Our critical illness insurance policy offers direct payment to policyholders that can be used for everything from gap coverage to travel expenses, it has a little something for almost everyone. Learn more about this product and how it offers peace of mind to clients with this flyer Also, check out Mutual of Omaha Brokerage Sales’ LinkedIn page and our
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Get to Know the Mutual Income Solutions Optional Benefits
Mutual of Omaha’s Mutual Income Solutions product is built to fit the needs of all your clients. Through the product’s option benefits available, you can customize the product to build a solution as unique as your client. Review the optional benefits in this two-part sales training video series: Mutual Income Solutions Optional Riders – Part 1: Mutual Income Solutions Optional Riders – Part 2: More information can be found on mutualincomesolutions.com. Get to Know the Mutual Income Solutions Optional Benefits #goldencareagent #mutualofomaha #disability
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IULs Rise to the Top, Two Years Running
For the second year in a row, Mutual of Omaha has been named “Best Indexed Universal Life Insurance” by Investopedia. What Makes Mutual of Omaha’s IUL products stand out? Investopedia highlights that Mutual of Omaha policies are: Straightforward and relatively easy-to-understand Flexible, so that customers can tailor their coverage to best suits their individual goals Backed by our excellent financial strength ratings This recent announcement reinforces Mutual of Omaha as a leader in the indexed universal life insurance market. We are proud of the recognition and committed to providing strong and valuable products for you and your customers. Thank you
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Memorial Day Office Closing
Mutual of Omaha and its affiliates (United of Omaha and United World) will be closed on Monday, May 29th for Memorial Day. Below are the cut-off dates and times and the adjusted pay schedules. Holiday Pay Calculation Schedule Med Supp E-App & All Life Cutoff 3:00 PM Health Cutoff 3:00 PM Long Term Care Cutoff 3:00 PM Direct Deposit (EFT) Available Memoriald Day, Monday, 5/29/2023 Tuesday 5/30/2023 Tuesday 5/30/2023 Friday 5/26/2023 Friday 5/26/2023 Friday 6/2/2023 Weekly and holiday pay schedules are also available on the Sales Professional Access (SPA) website. If you have any questions, please contact your Sales
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Accident Insurance, Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
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