Effective November 1, 2019, the state of Oklahoma updated their state regulations to move Oklahoma to a pre-appointment state. This means that if you are writing business in the state of Oklahoma you will be required to have an effective appointment prior to taking an application. All producers currently in the Mutual of Omaha system with a Just-In-Time Oklahoma appointment will be placed in an effective status as of 11/1/2019. All future triggered appointments will be placed in an effective status to meet this regulation change. If you have questions, please contact Mutual of Omaha’s Producer Services Team at
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LTC Partnership Approved in New Mexico
Great news! Partnership has been approved in NM on November 12, 2019. The Partnership Program is designed to allow those who have a qualifying policy to protect their assets from Medicaid spend-down requirements on a dollar-for-dollar basis, equal to the amount of any long-term care insurance benefits received. For a policy to be eligible for Partnership, it must: Be tax-qualified (MutualCare Solutions policies meet this requirement) Be purchased in a state where Partnership is approved Have inflation protection based on specific age brackets at time of purchase LTC13 applications signed in New Mexico on or after November 12, 2019 will
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Illinois Partnership Active Exchange
In October, customers with eligible policies meeting Illinois partnership requirements received notification letters informing them their LTC policy is partnership qualified. Customers with LTC13 policies not qualifying for the passive partnership exchange may choose to participate in an active exchange. An active exchange requires policyholder(s) to apply for a coverage change, modifying coverage to meet state inflation protection requirements. Both a new application and the “National Partnership Exchange Cover Letter” are required to be completed and submitted with the application to be treated as a coverage exchange. There will be full underwriting on the increased coverage. Letters notifying customers of
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Illinois Partnership Passive Exchange
In December 2018, Mutual of Omaha announced the Illinois Partnership approval. The next phase of the process begins October 2019. Impacted customers, those with relevant policy forms and meeting state inflation protection requirements, will receive notification letters beginning mid-October. This letter will inform customers their LTC policy is now partnership-approved. Click here to view the Partnership Program page on Sales Professional Access (SPA) for more information on LTC Partnership. Illinois Partnership Passive Exchange #goldencareagent #mutualofomaha
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