Automated Underwriting for TLE is Here

Effective Saturday, January 4, 2020, Automated Underwriting, our instant decision tool, was added to Term Life Express e-Applications. Now all your TLE e-Apps will receive an instant underwriting decision after the health questions are completed. That’s not all, you will also see streamlined e-App screens along with great new features including bank validation, address lookup and touch to sign capability. We walk you through the updated TLE e-App in the training videos below. And for more detailed information, be sure to check out our automated underwriting program flyer and frequently asked questions document. Email Signature Training In-Person Signature Training Protect
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Final Reminder: Upcoming Changes to Our Life Portfolio

As a reminder, effective January 1, 2020, we will be making changes to our life product portfolio, including discontinuing our Guaranteed Universal Life product, repricing our Level and Graded Living Promise Whole Life final expense products, repricing our Term Life Express Non-ROP product and discontinuing our Term Life Express 20-Year ROP product. Read the Upcoming Changes to Our Life Portfolio article for complete details on the changes. Read the 2020 Life Product Changes: Transition Rules article to get the full transition rules. Read the FAQ document to get answers to any questions you may have regarding the upcoming changes. If
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Reminder: Upcoming Changes to Our Life Portfolio

As a reminder, effective January 1, 2020, we will be making changes to our life product portfolio, including discontinuing our Guaranteed Universal Life product, repricing our Level and Graded Living Promise Whole Life final expense products, repricing our Term Life Express Non-ROP product and discontinuing our Term Life Express 20-Year ROP product. Read the Upcoming Changes to Our Life Portfolio article for complete details on the changes. Read the 2020 Life Product Changes: Transition Rules article to get the full transition rules. Read the FAQ document to get answers to any questions you may have regarding the upcoming changes. If
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

External Replacement Guidelines

Since September 1, 2015, United of Omaha has not accepted external replacements on simplified issue life insurance applications in Kentucky, Kansas or West Virginia. Please make sure you are aware of the external replacement guidelines below. Products impacted Term Life Express Guaranteed Universal Life Express Living Promise Whole Life (Final Expense) Children’s Whole Life Indexed Universal Life Express Any simplified issue application taken in Kentucky, Kansas or West Virginia stating an external replacement is involved, will not be accepted. External replacements will be considered on fully underwritten products in these states on a case by case basis. It is required
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Upcoming Changes to Our Life Product Portfolio

Mutual of Omaha is financially strong and we continue to focus on growing our company. Our commitment to growth is what helps ensure that we’ll be around when it comes time for us to deliver on the promises we’ve made to our policyholders. This continued growth requires an investment of capital, and as a mutual company, we rely primarily on our earnings to create new capital. Recently, statutory earnings have been impacted by several economic factors, including a prolonged low interest rate environment. We’re proactively addressing this trend in 2020 to produce positive statutory earnings and maintain our long-term financial
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

2020 Life Product Changes: Transition Rules

Effective January 1, 2020, we will be making changes to our life product portfolio, including discontinuing our Guaranteed Universal Life product, repricing our Level and Graded Living Promise Whole Life final expense products, repricing our Term Life Express Non-ROP product and discontinuing our Term Life Express 20-Year ROP product. Below is a summary of the transition rules. More information on these product changes and transition rules can be found in our 2020 Life Product Changes Frequently Asked Questions document.   GUL and TLE 20-Year ROP policies: You will still be able to submit applications for GUL and TLE 20-year ROP
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

TLE Offers Life Insurance Protection Plus Living Benefits

Term Life Express offers simplified underwriting, competitive pricing, and attractive conversion privileges. Did you know that it also includes Living Benefit Riders at no additional cost (only on the TLE non-ROP policies)? The Living Benefit package includes three Accelerated Death Benefit Riders at no additional cost to the customer. Chronic Illness Rider Terminal Illness Rider Critical Illness Rider Learn more about Term Life Express’s living benefits today using the TLE Living Benefit Rider Guide.   TLE Offers Life Insurance Protection Plus Living Benefits   #goldencareagent #mutualofomaha
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

TLE: Versatile, Simple, Trustworthy

Families want to protect their home and the life they’ve built for their family. That’s exactly what a Term Life Express product does. But TLE offers more than just affordable coverage. Here are some other benefits of TLE: Versatility Face amounts from $25,000 – $300,000 Living Benefit Riders – at NO additional cost Chronic Illness Rider Terminal Illness Rider Critical Illness Rider Simplicity Quick Issue Simplified underwriting (no blood or urine tests required) e-App Mobile quoting app Trustworthiness Backed by a legacy brand with outstanding financial ratings For clients who are looking to choose an affordable term product – look
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).