Mutual of Omaha is always trying to make your experience as a broker as easy and seamless as possible. We have updated the Policyholder Information page, on Sales Professional Access (SPA). On your Policyholder Information link (also located under the “Reports” drop down menu) *, you will see the following enhancements have been added:
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In-Force Rate Action Announcement: New Stable Premium Option for Privileged Choice® and Classic Select® Policyholders
To help mitigate the impact of current and future planned premium increases, we are providing an additional coverage option for most of our Privileged Choice and Classic Select policyholders to consider when faced with a premium increase. Beginning on July 1, 2019, the new Stable Premium Option Endorsement will be available in states where it’s allowed. The Stable Premium Option provides a guarantee that the new premium associated with the Stable Premium Option will not increase until at least 2024, along with the following specific set of benefits1: A three-year benefit period for individual policies and a six-year benefit period
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In-Force Rate Action Announcement: New 1% Benefit Increase Option for Privileged Choice® and Classic Select® Policyholders
As part of our continued effort to provide additional coverage options to our policyholders who are facing a premium increase, we are introducing a new coverage option for eligible Privileged Choice and Classic Select policyholders to consider. Beginning on July 1, 2019, the 1% Benefit Increase Option will be available in state where it’s allowed. The 1% Benefit Increase Option will be available for Privileged Choice and Classic Select policyholders who currently have a benefit increase option as part of their policy. If this option is selected, policyholders will retain their increased Daily Benefit Amount (DBA). The increased DBA and
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