Ethisphere Names Thrivent One of the World’s Most Ethical Companies for 13 Consecutive Years

March 18, 2024 | by | Comments Off on Ethisphere Names Thrivent One of the World’s Most Ethical Companies for 13 Consecutive Years

Ethisphere Names Thrivent One of the World’s Most Ethical Companies for 13 Consecutive Years The recognition highlights Thrivent’s commitment to business integrity through robust ethics, compliance, and governance programs March 4, 2024 MINNEAPOLIS – Thrivent, a Fortune 500 financial services organization, has received the 2024 World’s Most Ethical Companies honor from Ethisphere, a global leader in defining and advancing the standards of ethical business practices. Thrivent has now been recognized for 13 consecutive years and is one of only six honorees in the financial services industry this year. In 2024, 136 honorees were recognized spanning 20 countries and 44 industries.
Read More

Categories: Industry News, Long-Term Care, and Thrivent.
Tags: closure, holiday, holiday closing, holiday closure, insurance, Long-Term Care, long-term care insurance, LTC, LTCi, office closing, tax, tax advantages, tax deductibility, Tax Deductions, Thrivent, Thrivent Financial, and Thrivent Financial for Lutherans.

Using SPA to Access Your 1099

February 5, 2024 | by | Comments Off on Using SPA to Access Your 1099

Looking to access your 1099 for tax purposes? Look no further than Sales Professional Access. Mutual of Omaha has made it seamless, quick, and secure for you to electronically access your 1099 document. An instruction document has been created to assist you in signing up to obtain your 1099 electronically.   If you have any questions, please contact Mutual of Omaha’s Sales Support at 1-800-693-6083 or sales.support@mutualofomaha.com.   Using SPA to Access Your 1099   #goldencareagent #mutualofomaha
Read More

Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: 1099, 1099 form, 1099 tax form, 1099s, insurance, Long-Term Care, long-term care insurance, LTC, LTCi, mutual of omaha, Mutual of Omaha Insurance Company, omaha, tax, tax paperwork, and taxes.

Quote LTC with WinFlex Web

December 18, 2023 | by | Comments Off on Quote LTC with WinFlex Web

NOTE: This communication was sent to Mutual of Omaha agents not affiliated with GoldenCare or American Independent Marketing (AIM). Agents with their Mutual of Omaha LTC appointments through GoldenCare and/or AIM may continue using the MutualCare® Solutions Desktop Software to generate premium quotes.   Beginning January 1, 2024, MutualCare Solutions Desktop software will no longer be available to quote our long-term care products. If you are still using the MutualCare Solutions Desktop Software to quote our products, we encourage you to transition to the WinFlex Web platform as soon as possible. WinFlex Web is free to run quotes and on
Read More

Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: 1099, 1099 form, 1099 tax form, 1099s, insurance, Long-Term Care, long-term care insurance, LTC, LTCi, mutual of omaha, Mutual of Omaha Insurance Company, omaha, tax, tax paperwork, and taxes.

1099 Forms Available on SPA

December 18, 2023 | by | Comments Off on 1099 Forms Available on SPA

Get your 1099s Faster!! As the end of the year fast approaches, sign up to receive your 1099s electronically. If you want to have electronic access to your 2023 1099, follow the below instructions and consent prior to 12/31/2023. This will allow you to have access to your 1099 anytime during the year. Notification will be sent in January as soon as the 1099s are available. The detailed instructions for producers accessing 1099s are provided on the home page of SPA. Please note: If a producer has chosen and created a Compensation PIN for SPA already, they will not be
Read More

Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: 1099, 1099 form, 1099 tax form, 1099s, insurance, Long-Term Care, long-term care insurance, LTC, LTCi, mutual of omaha, Mutual of Omaha Insurance Company, omaha, tax, tax paperwork, and taxes.

2024 Long-Term Care Insurance Tax Deductible Limits

November 13, 2023 | by | Comments Off on 2024 Long-Term Care Insurance Tax Deductible Limits

Tax-qualified LTCi premiums are considered a medical expense. For an individual who itemizes tax deductions, medical expenses are deductible to the extent that they exceed current amount required to meet the individual’s Adjusted Gross Income (AGI). The amount of the LTCi premium treated as a medical expense is limited to the eligible LTCi premiums, as defined by Internal Revenue Code 213(d), based on the age of the insured individual. That portion of the LTCi premium that exceeds the eligible LTCi premium is not included as a medical expense. Individual taxpayers can treat premiums paid for tax-qualified long-term care insurance for
Read More

Categories: GoldenCare News, Industry News, and Long-Term Care.
Tags: AALTCI, Jesse Slome, Long-Term Care, long-term care insurance, LTC, LTCi, Partnership, premium, tax, and Tax Deductions.

Ethisphere names Thrivent as one of the 2023 World’s Most Ethical Companies for the 12th consecutive year

March 20, 2023 | by | Comments Off on Ethisphere names Thrivent as one of the 2023 World’s Most Ethical Companies for the 12th consecutive year

Ethisphere names Thrivent as one of the 2023 World’s Most Ethical Companies for the 12th consecutive year Recognition honors companies demonstrating business integrity through best-in-class ethics, compliance, and governance practices March 13, 2023 MINNEAPOLIS – Thrivent, a Fortune 500 diversified financial services organization, has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2023 World’s Most Ethical Companies. Thrivent has been recognized for 12 consecutive years and is one of only seven honorees in the financial services industry on the list. In 2023, 135 honorees were recognized spanning
Read More

Categories: Industry News, Long-Term Care, and Thrivent.
Tags: closure, holiday, holiday closing, holiday closure, insurance, Long-Term Care, long-term care insurance, LTC, LTCi, office closing, tax, tax advantages, tax deductibility, Tax Deductions, Thrivent, Thrivent Financial, and Thrivent Financial for Lutherans.

Share the tax advantages of long-term care insurance

February 16, 2023 | by | Comments Off on Share the tax advantages of long-term care insurance

Tools to enable more proactive extended care conversations There are many reasons why clients should create a long-term care strategy. One message that has resonated well with consumers, is on the tax advantages of planning with long-term care insurance. Premiums might be deductible, claims are paid tax-free and some states offer tax incentives for LTCi policyholders. These tools are designed to help you share news on these tax advantages with your clients. LTCi Tax Deductibility Guide Updated with 2023 amounts Many clients are not aware that LTC benefits are paid 100% tax-free, but some or all of the premiums might
Read More

Categories: Industry News, Long-Term Care, and Thrivent.
Tags: closure, holiday, holiday closing, holiday closure, insurance, Long-Term Care, long-term care insurance, LTC, LTCi, office closing, tax, tax advantages, tax deductibility, Tax Deductions, Thrivent, Thrivent Financial, and Thrivent Financial for Lutherans.

Download the 2023 LTCi Tax Advantages Flyers

February 6, 2023 | by | Comments Off on Download the 2023 LTCi 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. Let your clients know buying a traditional long-term care insurance policy from Mutual of Omaha offers tax advantages. Also, if you have clients that are small business owners, there may be significant tax savings if they use business dollars
Read More

Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: insurance, insurance company, long-term, Long-Term Care, long-term care insurance, LTC, LTCi, Mutual, mutual of omaha, omaha, policy, tax, tax deductibility, and Tax Deductions.

NAIC Guidelines for Brokerage General Agents in New York

December 5, 2022 | by | Comments Off on NAIC Guidelines for Brokerage General Agents in New York

** This is a reminder notification — there is no action required on your part ** To All Brokerage General Agents in New York Following the NAIC Guidelines, Companion Life Insurance Company is required to provide all of its New York producers with information about the expense allocation method used by the company in its illustrations for the state of New York. Please see the paragraph in bold below. Pursuant to the life insurance Illustration Reform legislation adopted in NY, this communication is a reminder to you that Companion Life Insurance Company uses a Generally Recognized Expense Table (“GRET”) to
Read More

Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: Allocation, express, insurance, Interest rate, IUL Express, Life Insurance, mutual of omaha, Mutual of Omaha Insurance Company, omaha, participation, participation rate, risk, simplified underwriting, tax, and United of Omaha.

Expense Allocation Method in United of Omaha Illustrations

December 5, 2022 | by | Comments Off on Expense Allocation Method in United of Omaha Illustrations

** This is a reminder notification — there is no action required on your part ** Following the NAIC Guidelines, United of Omaha Life Insurance Company is required to provide all of its producers with information about the expense allocation method used by the company in its illustrations. Please look below to see if this information pertains to your state and then, read the paragraph in bold below accordingly. This communication pertains to Illustration Reform states only, which include: AK, AL, CA, CO, CT, DE, HI, IA, IL, IN, KS, KY, LA, MA, MD, ME, MN, MO, MS, MT, NC,
Read More

Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: Allocation, express, insurance, Interest rate, IUL Express, Life Insurance, mutual of omaha, Mutual of Omaha Insurance Company, omaha, participation, participation rate, risk, simplified underwriting, tax, and United of Omaha.