Know the Basics of DI Underwriting

When you are helping clients think about income protection, you should make sure you have theses three essential pieces of information to share with underwriting. Occupation — You need to know your client’s occupation to help underwriters know the level of risk associated with the job Medical History — Knowing your client’s medical history can help underwriters make accurate and quick decisions Income — Your client’s income is the primary factor in determining the right maximum benefit amount To learn more, view the underwriting basics flyer.   Know the Basics of DI Underwriting   #goldencareagent #mutualofomaha
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

The Risk is Real

While most people don’t think twice about purchasing auto, homeowners’ or even life insurance, they often fail to realize that their most valuable asset is their ability to earn an income. Suffering a disability for any length of time because of a sickness or injury could have devastating financial consequences for clients. Here are some insights into how real the risks are: At least 51 million working adults in the United States are without disability insurance other than the basic coverage available through Social Security. Only 48 percent of American adults indicate they have enough savings to cover three months
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

Priority Income Protection® Quote & e-Application Training Video

The Priority Income Protection (PIP) quote and e-Application allows you to offer quotes, then complete and submit applications online. There are great features built-in, so you can easily navigate through the e-Application. e-App Features Visual clues allow you to track your progress Prompts will tell you if something is missed Helpful definitions are provided wherever you see a question mark symbol Auto-save function retains all information as you complete sections A dashboard shows all your e-Apps in progress Watch a video on how to run a quote and complete a PIP e-Application. The quote and e-Application link is available on
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

New Blood-Borne Pathogen Test Consent Form in Washington

Beginning June 11, 2020, the state of Washington is requiring the HIV Consent Form to be replaced with a new Blood-Borne Pathogen Test Informed Consent Form. The Washington fully-underwritten life insurance application packets have already been updated to include the new form. We encourage you to update your application packets as soon as possible to ensure you are using the correct forms. If you have printed versions of the Washington application packets, please replace the HIV Consent form with the new Blood-Borne Pathogen Test Informed Consent Form. If you need new fully-underwritten application kits in Washington, you can either download
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

LTC Riders: Understanding the Differences in Design

Our LTC Rider on Income Advantage IUL and Life Protection Advantage IUL follows what is known as a reimbursement rider model. Many other companies use an indemnity model. Knowing the difference is important. Here’s a basic definition: Indemnity — Policyowner can take rider benefits up to the maximum monthly benefit limit regardless of the actual expenses incurred. Reimbursement — Policyowner is reimbursed based on actual expenses incurred by the insured, up to the maximum monthly benefit limit. At first glance based on the definitions alone, an indemnity rider may seem like the obvious choice, that your client has access to
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Basics of DI Underwriting

Unfortunately, many Americans are totally unprepared for the financial hit that a sickness or injury can bring. If your clients don’t have disability income insurance, then their financial portfolio may be at risk. When you are helping clients think about income protection you need to understand how eligibility is determined by your client’s occupation, medical history and income. View Know the Basics flyer.   Basics of DI Underwriting   #goldencareagent #mutualofomaha
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

DI Training Webinars

As a financial professional, you’ve likely seen how much income protection helps when someone needs it the most. Disability Insurance Awareness is a great time to learn about income protection and for you to talk to your clients about how disability income insurance can protect their lifestyle, their assets and most importantly, their family. We’re hosting a series of training webinars this month, so put the webinars on your calendar today. To join simply click “join now” on the webinar schedule, no registration needed. View DIAM webinar schedule.   DI Training Webinars   #goldencareagent #mutualofomaha
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

May is Disability Insurance Awareness Month

May is Disability Insurance Awareness Month, so it’s a great time to talk with clients about income protection and what it could mean for their families when they need a real difference maker. When we think about our most valuable assets, we often think about our home or the other things we own. But for most people, their most valuable asset is actually their income. Consider this: If you were sick or injured and unable to work, how would you pay the mortgage or rent? Make your car payment? Pay health insurance premiums? Your income allows you to live your
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

Start the Disability Income Insurance Conversation Today

Disability Insurance Awareness Month is here, making it a great time to remind clients about income protection and how it helps protect their ability to earn an income. Disability income insurance is a fairly easy topic to talk about – and one your clients should quickly understand. Yet, nearly 7 out of every 10 working Americans say they can’t make it a month without a paycheck before feeling major financial strains. Here are questions you can ask to start the income protection conversations: If you become sick or injured and unable to work, who’ll pay your expenses? Do you have
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

Important Life Underwriting Update

Throughout the rapidly evolving pandemic, Mutual of Omaha has been continuously evaluating our underwriting and new business practices to support business continuity, deliver a consistently high level of service, and maintain our financial strength. As a result, effective Wednesday, April 15, 2020, we are implementing the following temporary changes to our life insurance underwriting guidelines. These changes apply to all fully-underwritten life insurance cases that are not already approved or issued. This includes any newly submitted and pending in-house cases, whether formal or informal. Postponements Due to International Travel All fully-underwritten life insurance cases where the proposed insured has plans
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Categories: COVID-19, Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).