The $100,000 Question How will your clients pay for long-term care services? Most people don’t have an extra $100,000 available to pay for long-term care services. But according to our current cost-of-care study, that’s approximately what a year of nursing home care would cost. We’ve recently updated our cost-of-care resources to help you demonstrate how an LTCi policy from Mutual of Omaha could be the answer to your clients’ question … “How will I pay for long-term care services?” Cost-of-Care Calculator — See the current cost of LTC services by state and view what those costs might be 5, 10
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Medicare Solutions Education Series – Don’t Be The Last To Know
Why Choose Mutual of Omaha There are a lot of good things happening these days … and a lot of good reasons for you to choose Mutual of Omaha. In the May edition of our Medicare Solutions Education Series, National Sales Director Alicia Hanson discusses everything from a modernization project and product initiatives to agent incentives and the return of Wild Kingdom. Her presentation is jam-packed with information you won’t want to miss. Here’s a rundown of topics: Modernization Project: e-App modernization Product Initiatives: Med supp state expansions | household discounts | competitive positioning campaign | dental cross-sell promotion |
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LTC Transition Rules and Best Practices
From the Desk of Corri Campbell Last Tuesday, we sent a communication outlining the transition rules, implementation dates and benefit option changes to the MutualCare Solutions Portfolio for the states of Delaware, Florida, North Dakota and South Dakota. I wanted to personally follow up reiterating how important it is to take note of our transition rules as they were outlined: Old applications signed after May 31, 2021, will not be accepted. Old applications signed by May 31, 2021, but received by Mutual of Omaha after June 11, 2021, will not be accepted. In both scenarios, new applications will be required,
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Simplified Issue Life: Weekly Time Service Update (5/21)
From the Desk of Marty Johnson Simplified Issue Life: Weekly Time Service Update Thank you for your continued support and patience as we work diligently to return to normal time service levels. We continue to increase our staff and work overtime on nights and weekends to ensure your business is handled properly, and as quickly as possible. Our current time service levels are listed below. Please note, business days do NOT include weekends. Most of the new business reviews are being handled within 2 business days Policies are issued on average 1-5 days after application review, depending on requirements needed
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Important Life Underwriting Update
From the Desk of Marty Johnson Throughout the pandemic, Mutual of Omaha has been continuously evaluating our underwriting and new business practices to support business continuity, deliver a high level of service and maintain our financial strength. I am happy to announce we will be adjusting our temporary guideline changes effective May 24, 2021. These guidelines apply to all fully underwritten life insurance cases and includes all newly submitted and pending in-house cases, whether formal or informal. Acceptance Guidelines Based on Insured’s Issue Age: If the client is age 0-59: The client is eligible for our best risk class Underwriting
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New low Med supp rates in California are here!
Rates so low you’ll want to Say it Loud! Check Our NEW California Med Supp Rates Starting May 25, United World Life Insurance Company welcomes these new incredible Medicare supplement rates. How We Stack Up* Carrier Plan G Plan N United World Life Insurance Company $122.17 $101.66 Average of Top Carriers $143.51 $110.94 * Sample rates as of 3/29/21 for age 67 female nontobacco-users in lowest ZIP area with available household discount applied. Check out our outline of coverage to see more outstanding rates and other plans Show me the California rates Tell everyone you know and
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Washington State Underwriting and Compensation Updates
The state of Washington recently passed the WA LTC Trust Act, now renamed as the WA Cares Fund. This legislation is intended to provide a limited amount of long-term care coverage for qualified Washington residents by levying an uncapped payroll tax of .58% on all wages beginning January 1, 2022. The state is allowing residents to opt-out of this long-term care payroll tax; however, the employee must attest that he or she has a long-term care insurance policy in force on or before November 1, 2021. Due to the approaching deadline, we are experiencing a significant increase in application volumes.
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New low Med supp rates in Illinois are here!
Rates so low you’ll want to Say it Loud! Check Our NEW Illinois Med Supp Rates Starting May 25, Omaha Insurance Company welcomes these new incredible Medicare supplement rates. How We Stack Up* Carrier Plan G Plan N Omaha Insurance Company $92.22 $69.76 Average of Top Carriers $100.54 $80.55 * Sample rates as of 4/1/21 for age 67 female nontobacco-users in lowest ZIP area with available household discount applied. Check out our outline of coverage to see more outstanding rates and other plans Show me the Illinois rates Tell everyone you know and start strong Earn $200
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ATTENTION AGENTS! LTC New Business Rate Refresh and Benefit Changes in Additional States
As a leading long-term care insurance carrier, Mutual of Omaha has a responsibility to our policyholders and distribution partners to ensure our pricing strategy and product offerings are in line with industry trends, internal claims data and the economic environment. Last year, Mutual of Omaha began implementing new rates and benefit option changes to the MutualCare Solutions Portfolio in approved states. Effective June 1, 2021, we will be implementing these changes in four additional states. Impacted States Delaware, Florida, North Dakota and South Dakota Rate Adjustments Premium adjustments may vary by age, sex and benefit selection. You may view the
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Important Information Regarding GUL Express
From the Desk of Tess Grace At Mutual of Omaha, we know how important it is to provide product solutions that help customers achieve their financial goals. We also know it is imperative that we make prudent business decisions to help ensure we remain profitable so we can be here when it comes time to fulfill the promises we’ve made to our policyholders. We have made the difficult decision to no longer offer our Guaranteed Universal Life Express (GUL Express) product beginning June 1, 2021. I want to assure you that we remain committed to the simplified issue marketplace and
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