Mutual of Omaha actively monitors our inforce long-term care business, filing rate adjustments when necessary to ensure we keep our promises to policyholders and remain competitive in the marketplace. We will be implementing the following inforce rate adjustments in the state of Arkansas, effective May 1, 2024. Impacted Forms 2024 Increase LTC04G 15% LTC04I 15% LTC04I7 15% LTC09M 15% LTC06UI 15% LTC09U 15% Policyholder Notification Process Policyholders will receive a letter notifying them at least 60* days prior to the premium rate increase effective date as outlined above. Along with the premium rate increase notification letters, most policyholders will
Read More
LTCi Inforce Rate Increases Effective April 1, 2024
Mutual of Omaha actively monitors our inforce long-term care business, filing rate adjustments when necessary to ensure we keep our promises to policyholders and remain competitive in the marketplace. We will be implementing the following inforce rate adjustments effective April 1, 2024. Impacted Forms Impacted States LTC04I Hawaii LTC09M Hawaii LTC09U Hawaii LT50, NH50, HCA, LTA, and NHA Vermont For details on yearly rate adjustment percentages, view the supplemental grid here. Policyholder Notification Process Policyholders will receive a letter notifying them at least 60* days prior to the premium rate increase effective date as outlined above. Along with the
Read More
Reminder: Living Promise Application Update
There is a new application form for our Living Promise Whole Life product. The new paper application form number is ICC23L681A and is currently available in Forms and Materials, or through your normal ordering channels. The new application form is now required to be used for all applications. If an old form is received, you will be asked to resubmit using the new application. Here’s a list of state-specific form numbers: California (T209LCA23A) Florida (T210LFL23A) Kansas (ICC23L687A) Maine (ICC23L682A) Minnesota (T212LMN23A) Montana (T213LMT23A) North Carolina (T214LNC23A) North Dakota (T208LNA23A) Oklahoma (T215LOK23A) South Carolina (T208LNA23A) South Dakota (T208LNA23A) Virginia (ICC23L682A) Vermont
Read More
express, Express Underwriting, final expense, final expense insurance, insurance, Life Insurance, Living Promise, Living Promise Whole Life, mutual of omaha, Mutual of Omaha Insurance Company, omaha, simplified underwriting, United of Omaha, whole life, and whole life insurance.
Inforce LTCi Rate Adjustments Effective March 1, 2024
Mutual of Omaha actively monitors our inforce long-term care business, filing rate adjustments when necessary to ensure we keep our promises to policyholders and remain competitive in the marketplace. We will be implementing the following inforce rate adjustments effective March 1, 2024 impacting the states of Georgia, Alabama and Delaware. Policy Forms Impacted – Georgia & Alabama LTC04G, LTC0417, LTC04I, LTC06UI, LTC09M, LTC09U Policy Forms Impacted – Delaware LTC06UI For details on yearly rate adjustment percentages, view the supplemental grid. Policyholder Notification Process Policyholders will receive a letter notifying them at least 60* days prior to the premium rate
Read More
California Approves Living Promise Underwriting Enhancement
The state of California has approved a new underwriting enhancement for our Living Promise whole life insurance product. Effective December 6th, 2023, the following improvement have been implemented: We’ve lowered the age for diabetes for the Graded Benefit Plan to 45. For Transition Rules regarding applications: Electronic and paper applications using the old form must be signed no later than December 20th, and received at the home office by December 31st to be accepted. Electronic and paper applications signed on or after January 1st, 2024, must use the new application form If you have any questions, please contact Mutual of
Read More
express, Express Underwriting, final expense, insurance, Life Insurance, Living Promise, Living Promise Whole Life, mutual of omaha, Mutual of Omaha Insurance Company, omaha, simplified underwriting, United of Omaha, whole life, and whole life insurance.
Updates to the Book of Business Tool
The Book of Business download has been enhanced, on Sales Professional Access (SPA) to include a complete list of the inforce Mutual of Omaha policies you have sold now including Prescription Drug Plans and Mutual Income Solutions, effective December 13, 2023. This enhancement will make it even easier to figure out what types of policies your clients may have and prepare to answer any questions. To learn more about the Book of Business feature, review the Book of Business Instructional Flyer. Updates to the Book of Business Tool #goldencareagent #mutualofomaha
Read More
Book of business, business download, insurance, mutual of omaha, Mutual of Omaha Insurance Company, omaha, Omaha affiliates, United of Omaha, United World, and United World Life Insurance Company.
Legacy LTC Inforce Rate Increase Effective February 1, 2024 (HI)
We will be implementing the following inforce rate adjustments effective February 1, 2024 impacting the state of Hawaii. Policy Forms Impacted: LT50, NH50, HCA, NHA, LTA. 2024 2025 2026 Benefit Period: Non-Lifetime 3.00% 0.00% 0.00% Lifetime 20.00% 20.00% 17.36% Policyholder Notification Process Policyholders will receive a letter notifying them at least 60* days prior to the premium rate increase effective date as outlined above. Along with the premium rate increase notification letters, most policyholders will receive an adjustment offer if there are options available. The offer will provide the policyholder a benefit reduction alternative to help reduce the impact
Read More
Thanksgiving Holiday Office Closing and 2023 End of Year Pay Dates
Mutual of Omaha and its affiliates (United of Omaha and United World) will be closed on Thursday and Friday, November 23rd and 24th for the Thanksgiving holiday. Below are the cut-off dates and times and the adjusted pay schedules. Holiday Pay Calculation Schedule Med Supp E-App & All Life Cutoff 3:00 PM Health Cutoff 3:00 PM Long Term Care Cutoff 3:00 PM Direct Deposit (EFT) Available The 23rd & 24th of November, Thursday and Friday 11/23/2023-11/24/2023 Monday 11/20/2023 Monday 11/20/2023 Friday 11/17/2023 Friday 11/17/2023 Friday 11/24/2023 Weekly and holiday pay schedules are also available on the Sales Professional Access
Read More
holiday, holiday closing, holiday closure, insurance, mutual of omaha, Mutual of Omaha Insurance Company, omaha, Omaha affiliates, thanksgiving, thanksgiving holiday, United of Omaha, United World, and United World Life Insurance Company.
Inforce LTCi Rate Adjustments Effective January 1, 2024
Mutual of Omaha actively monitors our inforce long-term care business, filing rate adjustments when necessary to ensure we keep our promises to policyholders and remain competitive in the marketplace. We will be implementing the following inforce rate adjustments effective January 1, 2024: Georgia & Alabama Policy Forms Impacted 2024 Non-Lifetime Benefit Period Increase 2024 Lifetime Benefit Period Increase LT50 13.1% 15.0% NH50 13.1% 15.0% HCA 13.1% 15.0% LTA 13.1% 15.0% NHA 13.1% 15.0% Indiana Policy Forms Impacted 2024 Non-Lifetime Benefit Period Increase 2024 Lifetime Benefit Period Increase LT50 10.0% 22.0% NH50 10.0% 22.0% HCA 10.0% 22.0% LTA 10.0% 22.0%
Read More
e-Signature Enhancements Are Live
Effective October 11, 2023, the following enhancements have been made to all client signatures on our electronic application: Text message signature process is available There is less scrolling and no required pop-ups The number of clients has been reduced throughout the signature process The products available for this application process include IUL Express, Term Life Express, Living Promise Whole Life and Children’s Whole Life. Check out our job aid flyer and training video for more information. We’ve also added the text message delivery method for client signatures to our Guaranteed ADvantage Accidental Death and our Fully Underwritten Life applications. If
Read More