Anti-Money Laundering Best Practices

What vendors do we accept AML from? LIMRA RegEd Kaplan WebCE Sandi Kruise What courses from LIMRA does Mutual of Omaha accept? First time users must complete: Anti-Money Laundering for Insurance Producers Renewal Courses 2016 renewal — Elder Financial Abuse and Money Laundering 2018 renewal — The Importance of Knowing Your Customer 2020 renewal — Money Laundering and Cybercrime How to complete AML Training through LIMRA The LIMRA course will not be available until after the producer has received confirmation and a producer number. If the producer is already enrolled in LIMRA the training will automatically update in our system.
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Care Solutions News

Product News Changes to Asset-Care® in California launching on July 25 OneAmerica is committed to the asset-based long-term care market and to offering products that bring value to both our agents and their clients. To maintain the viability of Asset-Care® in California and continue offering it until the enhanced product is available in this state, we are making key updates starting July 25.   Coming soon: Asset Care quotes are getting an upgrade Your Asset Care quote outputs will soon be much easier to understand. We heard your feedback, and we’re adding a page to Asset Care quotes that breaks
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Categories: COVID-19, Industry News, Linked Benefit/Hybrids, and OneAmerica.

Changes to Asset-Care® in California launching on July 25

Changes to Asset-Care® in California launching on July 25 OneAmerica® is committed to the asset-based long-term care market and to offering products that bring value to both our agents and the clients we serve together. To maintain the viability of our Asset-Care® product in California and continue offering it until the updated product is available in this state, we are making key updates starting July 25.   What’s changing The changes we’re making to Asset-Care in California will allow us to adjust our overall product pricing to align with current market conditions while maintaining a strong product. They also reflect
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

There for You: Presenting the OneAmerica® 2019 Annual Report

Connect with Customers by Telling Our Story We’ve faced some big challenges this year, and we can be proud of the ways in which we’ve risen to meet them together. That commitment to being there for our customers is foundational to how we do business.   Sharing Our Story Sharing our story with customers is a wonderful way to show them how we fulfill our promises. The OneAmerica® 2019 Annual Report is filled with examples of how people like you fulfilled our promise. We hope you’ll see yourself reflected in these stories, and that your customers will too. VIEW THE
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

Underwriting update: A new normal

Underwriting update: A new normal In March, we announced several temporary changes to our underwriting processes that offered flexibility while the COVID-19 environment unfolded around us. Since then, we’ve stayed in close contact with our vendors and underwriters, and we’ve seen better than expected results for the completion of in-person underwriting requirements. Our key vendors have indicated that in nearly all locations, they’re able to complete exams and provide timely data back to insurers. This is consistent with the experience we’ve seen on our business.   “New normal” for Underwriting As things begin to return to a more normal state
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Categories: COVID-19, Industry News, Linked Benefit/Hybrids, and OneAmerica.

REMINDER: Anti-Money Laundering (AML) Refresher Training

As REQUIRED by federal regulation, all producers writing permanent life or annuity products must complete the Anti-Money Laundering (AML) training. Each producer that completed AML training prior to January 1, 2020 is required to complete AML renewal training by June 30, 2020. The renewal course is titled “Money Laundering and Cybercrime – Anti-Money Laundering for Insurance Review” will automatically be assigned by LIMRA and takes approximately 30 minutes to complete. Mutual of Omaha has contracted LIMRA to provide anti-money laundering training at no cost to you. Once you’ve completed the course, LIMRA will automatically send Mutual of Omaha a notification.
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Asset Care: Bringing value to Montana and Washington, D.C.

Asset Care: Bringing value to Montana and Washington, D.C. We’re pleased to announce that our updated Asset Care® product, originally launched in 2019, will become available in Montana and Washington, D.C. on June 20.   Our updated Asset Care product provides several unique benefits, including: Optional joint coverage and lifetime benefits Single Premium Drop-In Rider (SPDR) on the Recurring Premium Whole Life funding option A new 5-pay option on the recurring premium whole life funding option – your clients will now be able to choose a 5-, 10- or 20-year pay option or a pay to 95 option Zero-day waiting
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

UPDATE: Grace period extended through July 1 for premium payments

UPDATE: Grace period extended through July 1 for premium payments At OneAmerica, we continue to monitor the financial impact of the COVID-19 pandemic on our communities and our life insurance policyowners. We understand that some policyowners may currently be struggling to pay their premiums on time. To meet this immediate need, OneAmerica has again automatically extended the grace period on all individual life insurance coverage through July 1, 2020. After July 1, 2020, OneAmerica will consider extended grace periods on a state-by-state basis.   What does this mean? Effective immediately, OneAmerica will automatically extend the grace period on all individual
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Categories: COVID-19, Industry News, Linked Benefit/Hybrids, and OneAmerica.

Care Solutions LTCG Interview Auto-Order Update

Coming soon: Care Solutions LTCG interview auto-order for ALL applications As we continue to make updates and improvements that enrich both client and agent experiences with OneAmerica®, we’re excited to announce an addition to our previously launched Care Solutions LTCG interview auto-order enhancement. In March we implemented this feature for all electronic applications (eApps). Beginning on May 22, 2020, the auto-order feature will also be implemented for non-eApps. Read below for more on how this enhancement simplifies and shortens the application process for both clients and agents, no matter which application process you choose!   What you need to know
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Categories: COVID-19, Industry News, Linked Benefit/Hybrids, and OneAmerica.

An Update on Temporary Changes to Our Business Limits

COVID-19 Update: Temporary Changes to Our Business Limits As we continue to monitor the challenges of the COVID-19 pandemic, we remain committed to operating in an informed, responsible manner that upholds our commitment to maintaining financial strength. These decisions help ensure that we continue to be there for our customers when they need us the most. With that in mind, we believe it’s prudent to make a few temporary changes to our business limits. These changes only apply to business received after May 1. Our new guidelines are as follows: Care Solutions Business For Care Solutions, the temporary changes to
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Categories: COVID-19, Industry News, Linked Benefit/Hybrids, and OneAmerica.