Underwriting Tip: Owner and Beneficiary Relationships

We offer a variety of simplified issue Express life insurance products to help meet your clients’ needs. It’s important for you to be aware of the acceptable owner/beneficiary relationships. Acceptable Owner/Beneficiary Relationships include: Spouse, Fiancée, Domestic Partner Parent Child Life Insurance Trust Acceptable Beneficiary-Only Relationships (not as owner) include: Estate Siblings Grandparents and Grandchildren Close Relatives by Marriage (in-laws) Ex-spouse Any other Owner/Beneficiary relationships will not be approved. Get this information and other important underwriting information in our Underwriting Guide. And, to learn more about our simplified issue Express products, visit mutualofomaha.com/simple.   Underwriting Tip: Owner and Beneficiary Relationships  
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Share the IUL Express Client Video Today

Our new client-approved video helps you explain how an IUL Express product works and the benefits an IUL Express policy has to offer. Watch it now and share it with your clients. The new video is available, along with other IUL Express materials, on our new simplified issue microsite, mutualofomaha.com/simple.   If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com.   Share the IUL Express Client Video Today   #goldencareagent #mutualofomaha #iule
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

The Living Benefits of IUL Express

Indexed Universal Life Express (IUL Express) provides a host of benefits to your clients’ loved ones. The most important one is that their beneficiaries will receive a one-time death benefit in the amount your clients choose, ranging from $25,000 to $300,000.* This death benefit is paid directly to their beneficiaries to replace lost income and maintain their standard of living. In addition to the death benefit, IUL Express policies come with living benefits at no additional cost. The Accelerated Death Benefit Riders for terminal, chronic and critical illness**, may allow your clients to access a portion of the death benefit
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Critical Advantage Has Express and Simplified Underwriting

With the products in the Critical Advantage Portfolio, your clients get coverage that pays a lump-sum benefit upon diagnosis of a covered condition. It also offers two underwriting options to give your clients the benefits they need fast. It also means you get paid fast. Express underwriting for Critical Advantage products covers benefit amounts from $10,000 to $50,000. It has simple yes/no knock-out questions to make applying easy and fast. Simplified underwriting is for benefit amounts from $51,000 to $100,000. Simplified underwriting also has simple yes/no knock-out questions in addition to a MIB, Pharmaceutical inquiry and possible telephone interview. No
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).

Updates to Term Life Answers Conversion Language

Effective April 1, 2020, we will be updating the conversion language for our Term Life Answers policies. Conversion Period The conversion period allowed will be as follows: 10-year Term: – For issue ages 18-72: The earlier of 10 years or age 75 – For issue ages 73+: During the first 2 policy years only 15-year Term: – The earlier of 15 years or age 75 20-year Term: – The earlier of 20 years or age 75 30-year Term: – During the first 20 policy years only   Conversion Product Beginning April 1, 2020, the language in the Term Life Answers
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

We’re Open for Business – You Can Be Too

Our e-Application and email signature method give you the ability to complete applications for your clients, without having to meet face to face. Below you can find all the information you need to get started with an e-App today. New to using the e-App? Make sure you watch our training videos. They walk you through completing an e-App step by step. Products Available on e-App Term Life Answers and Fully-Underwritten IUL – See the Speed eTicket Flyer for details (For IUL, submit your application as if you were submitting a Term Life Answers drop-ticket application. In the Special Requests section
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Instant Decision Training

We now offer Automated Underwriting on Living Promise Whole Life (Final Expense) and Term Life Express e-Applications. This flyer walks you through the simple process of how Automated Underwriting works. Looking for more detailed training? Check out our videos for both email and in-person signature methods. Living Promise In-Person Signature Method Living Promise Email Signature Method Term Life Express In-Person Signature Method Term Life Express Email Signature Method Also, don’t forget to check out all our helpful resources available on mutualofomaha.com/simple.   Instant Decision Training   #goldencareagent #mutualofomaha #life
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

IUL Express in Four Simple Steps

The IUL Express process guide takes you through the step-by-step process to sell IUL Express. This guide walks you through: How to run an IUL Express quote How to complete and submit the application packet Simplified underwriting Delivering the policy Looking for even more training on IUL Express? Check out our producer training video on MutualofOmaha.com/Simple.   IUL Express in Four Simple Steps   #goldencareagent #mutualofomaha #life
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

New Authorization for Release of Individual Tax Return Transcript Form

United of Omaha has previously asked for tax returns and 3rd party verified financials when a client was applying for a life insurance policy with a face amount exceeding $5 million. Beginning March 1, 2020, a new Authorization for Release of Individual Tax Return Transcript form and an IRS 4506T-EZ form will now need to be filled out and signed by the client when applying for a United of Omaha life insurance policy when the face amount exceeds $5 million. The authorization form will automatically be included when downloading an IRS 4506T-EZ form on our Sales Professional Access producer website.
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

iGO e-App Training

If you’re looking for an even faster way to submit business, use our iGO (in Good Order) e-App featuring Automated Underwriting for Living Promise and Term Life Express. Both of these online applications ensure you have the right forms and all required fields are highlighted in yellow preventing mistakes and saving you time. Even better? We also offer Automated Underwriting on Living Promise and Term Life Express e-Apps so you will receive an instant underwriting decision while you’re with the client. Want to learn more? Watch our agent training videos below. > Living Promise Email Signature Method > Living Promise
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).