Medicare Supplement: Upcoming Rate Adjustments View upcoming rate adjustments for Iowa and South Dakota, effective March 1, 2021. New Contact Card is Available Not sure who to contact, at Mutual of Omaha, with your questions? Check out our new, comprehensive contact card! Dental: Spotlight on Dental- Our Product Only 12% of Medicare supplement clients have dental coverage, yet 87% of that group has their natural teeth? Find out why Mutual of Omaha’s Medicare supplement and Dental plans are better together. Dental Rate Reductions and Discounts Effective February 1, 2021, New Jersey and Washington will be taking a
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Cash and Reimbursement… The Best of Both Worlds
MutualCare® Solutions policies give your clients two options on receiving long-term care benefits – cash or reimbursement. Cash Benefit The cash benefit can be used for any services that supports the plan of care. Plus, there is no elimination period to meet before receiving the cash. Reimbursement Benefit After the elimination period is met, the reimbursement benefit allows your client to access covered long-term care services, reimbursed up to the selected amount each month. Best of all, your clients have the flexibility to switch between the cash or reimbursement benefit at any time. For more details on the MutualCare® Solutions
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Encourage Customers to Update Their Email on Customer Access
Over the past several years Mutual of Omaha has made a number of enhancements to our customer-facing systems. In doing so, we’ve increased the number of email notifications sent to our customers who have an email address on file. Please encourage customers to provide an email address so they can receive important policy-related communications, including: Payment notification emails: Upcoming automatic deduction Upcoming payment due (if receiving paper billing statements) Payment past due email Payment returned notification (i.e. insufficient funds) New Medicare Supplement Explanations of Benefits available Proxy voting information (Mutual of Omaha customers only; does not pertain to United of
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Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
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LTC Sales Idea: Return of Premium
If you have clients who don’t want to end up paying premiums for something they may never use, there’s a feature of the policy that can help ease their concerns. Mutual of Omaha Offers Three Return of Premium Options: Add an optional Return of Premium rider to a long-term care policy. Here’s how it works: If the insured dies while the policy is in force, premiums paid minus any policy benefits received by the insured are refunded to the insured’s beneficiary. ROP Benefit ROP Three Times the Maximum Monthly Benefit Less Claims Paid ROP if Death Occurs Before Age 65
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Medicare Solutions – Omaha Family of Companies
Dental: Dental Insurance Applying Made Easy It’s easy to give your clients the dental coverage they need and it starts with the application. Dental Rate Reduction and Multi-Policy Discount Release Effective in January 2021 our dental products in Pennsylvania will have a 10% rate reduction on our DNT5 product and 15% multi-policy discount when either DNT2 or DNT5 is written with our Med supp policy! Just one more reason to smile! #goldencareagent #mutualofomaha
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Simplified Issue Underwriting Quick Reference Guide
The Simplified Underwriting Reference Guide provides you with a quick overview of the underwriting requirements for Indexed Universal Life Express (IULE), Term Life Express (TLE), Guaranteed Universal Life Express (GULE) and Living Promise Whole Life (Final Expense). This downloadable one-page flyer provides the basic underwriting requirements by product, the build chart and a summary of some of the ineligible conditions. You can also download this flyer and other Simplified Issue marketing materials by visiting mutualofomaha.com/simple or by logging into Sales Professional Access (SPA). If you have questions, please contact your Account Executive or Sales Director. Simplified Issue Underwriting
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Updated LTCi 2021 Tax Advantages Flyers
There are a lot of advantages to owning a traditional long-term care policy. It helps people remain in their homes as long as possible, ensures parents won’t have to rely on their kids to take care of them, and provides protection for a retirement nest egg. But there’s another important advantage…the potential to save on federal and state income taxes. The LTCi tax advantages flyers are now updated with the 2021 eligible deduction amounts. Download the flyers now: Agent Tax Guide Tax Advantages for Individuals Tax Advantages for Business Owners Updated LTCi 2021 Tax Advantages Flyers #goldencareagent #mutualofomaha
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Unbeatable Incentives for Writing MoO Med Supps!
Med Supp apps must be submitted 1/1/2021 — 3/31/2021 and issue by 4/15/2021 For Agent Use Only. Not For Public Distribution. Issued applications must be underwritten and specific to Mutual of Omaha and its affiliates. Applications must be submitted Jan 1 – March 31, 2021 and issue by April 15, 2021. Apps issued in Washington are excluded. Split compensation applications count as half. Excludes guaranteed issue and underage 65 business. Special agent awards (licensed-only agent) are awarded to the agency. Integrity Marketing Group (INTEGRITY) has the the exclusive right to change the qualifications and/or rules for this program at
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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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Errors and Omissions Insurance Reminders
Mutual of Omaha and its affiliates (United of Omaha and United World) require Errors and Omissions Insurance in the amount of $1 million (per claim) prior to selling the following insurance products: • AccumUL Answers • Term Life Answers • Income Advantage IUL • Life Protection Advantage IUL • Bonus Flexible Annuity • Ultra Secure Plus • Income Access • Ultra-Income product • Critical Illness (aka Critical Advantage) • Disability • Long-Term Care • Prescription Drug Plans As a GoldenCare producer, you have the ability to get this valuable coverage at a discount! Check out our Errors and Omissions and
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