Value isn’t always about the highest cash values, caps or distributions, it’s about actual real-world performance. Have you taken the time to compare the charge structure of the Income Advantage IUL to other carriers? If so, you’ll often find that the lower charge structure of our Income Advantage IUL makes it a better value than the illustrated performance of many IULs. Discover the many ways that Income Advantage IUL stands apart from the crowd. If you have questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or sales.support@mutualofomaha.com Take Advantage of One of the Lowest IUL
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Memorial Day Office Closing 2022
Mutual of Omaha and its affiliates (United of Omaha and United World) will be closed on Monday, May 30th for Memorial Day. 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 Memorial Day, Monday 5/30/2022 Tuesday 5/31/2022 Tuesday 5/31/2022 Friday 5/27/2022 Friday 5/27/2022 Friday 6/3/2022 Weekly and holiday pay schedules are also available on the Sales Professional Access (SPA) website. If you have any questions, please contact your Sales
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Accident Insurance, Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
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Inforce Rate Adjustment New Quote Request Best Practices
After notification letters are sent, policyholders may choose to learn more about the options available to them for lowering premium. They should do so by contacting their agent or Mutual of Omaha’s customer service team. For policies issued 1987-2004, please call 1 (800) 228-7104 For policies issued 2004-2013, please call 1 (877) 894-2478 or email mutualofomahaltc@ltcg.com The expected turnaround time for quotes is 6-10 business days. If submitting a request through email on behalf of your client, please adhere to the following process: Submit the request to mutualofomahaltc@ltcg.com Ensure the subject line reads “Quote Request” followed by requester’s last name
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Inforce Long-Term Care Insurance Rate Adjustments Effective July 1, 2022
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 July 1, 2022: Impacted Policy Forms Impacted States LTC04I Georgia, Minnesota and South Dakota LTC04G Georgia, Minnesota and South Dakota LTC04I7 Georgia, Minnesota and South Dakota LTC09M Georgia, Minnesota and South Dakota LTC06UI Georgia, Minnesota and South Dakota LTC09U Georgia, Minnesota and South Dakota LT50, NH50, HCA, NHA & LTA Connecticut, Louisiana and Minnesota HCAQ, NHAQ and LTAQ Louisiana and Minnesota
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A Real-Life Solution with No Additional Underwriting Requirements
Most people have no idea how expensive long-term care services are. According to a 2017 report from the U.S. Department of Health and Human Services, almost 70 percent of people over age 65 will require chronic care later in life. And, these long-term care services can quickly erode a client’s savings. But what if your client doesn’t qualify for long-term care? We understand that they still need some form of protection. And, that is one of the reasons, we automatically issue a Chronic Illness Rider on all of our Income Advantage and Lifetime Protection Advantage IULs—with NO additional underwriting requirements!
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Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
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Simplified Issue Time Service Update
Mutual of Omaha would like to thank you for the business we have received, and continue to receive, due to your commitment and partnership! Our Simplified Issue Life Underwriting team is currently experiencing an unprecedented volume of new business, and in turn is experiencing delays in time service. We are committed to keeping you updated on our service times. Our current time service levels are listed below. Please note, business days do not include weekends. Current Simplified Issue Life Service Levels: New Business Reviews: 3-4 business days from receipt Policy Issue: On average 5 business days, depending on requirements needed
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Simplified Issue Time Service Update
Mutual of Omaha would like to thank you for the business we have received, and continue to receive, due to your commitment and partnership! Our Simplified Issue Life Underwriting team is currently experiencing an unprecedented volume of new business, and in turn is experiencing delays in time service. We are committed to keeping you updated on our service times. Our current time service levels are listed below. Please note, business days do not include weekends. Current Simplified Issue Life Service Levels: New Business Reviews: 3-4 business days from receipt Policy Issue: On average 5 business days, depending on requirements needed
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Inforce Long-Term Care Insurance Rate Adjustments Effective June 1, 2022
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 June 1, 2022: Impacted Policy Forms Impacted States LTC04I Kentucky and Missouri LTC04G Kentucky LTC04I7 Kentucky and Missouri LTC09M Kentucky and Missouri LTC06UI Kentucky, Massachusetts and Missouri LTC09U Kentucky and Missouri LT50, NH50, HCA, NHA & LTA Iowa and Illinois For details on yearly rate adjustment percentages, view the supplemental grid here. Policyholder Notification Process Policyholders will receive a letter
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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, 2022 is required to complete AML renewal training by June 30, 2022. The renewal course titled “Anti-Money Laundering for Insurance Review – AML and Cryptocurrency” 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. You will
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Reminders for Adding Authorized Users on Sales Professional Access
Recently, Mutual of Omaha modernized the way producers and marketers securely access our network and applications by implementing a new platform called Okta. In addition to providing instruction on how to set up Okta, we also provided instruction on adding authorized users to your Sales Professional Access (SPA) account. Because Mutual of Omaha has seen an increase in authorized user requests, we wanted to communicate some reminders, as well as provide a time service estimate, for these requests. If you missed the instructions on how to add an authorized user, click here. Reminders: Once a request to add an authorized
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Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
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