How does the insurance industry define controlled business? Insurance business over which an insurance producer is able to exercise personal influence. Some states prohibit a producer from obtaining or continuing to hold a producer license if more than a certain percentage of the producer’s business is generated through controlled business.* * https://www.naic.org/documents/prod_serv_marketreg_stl_hb.pdf How does Mutual of Omaha define controlled business? An application is considered controlled business when the producer is related to the proposed insured or owner. Additional controlled business indicators include same last name and bank account information. Our controlled business FAQ can help explain what controlled
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Updated Occupation Question in e-App
The occupation question for Indexed Universal Life Express (IUL Express) and Term Life Express (TLE) e-Applications will now feature a pick-list format with clarifying questions. When an occupation is selected from the pick-list any associated clarifying questions will populate and you will receive an instant underwriting decision based on the answer(s) given. If “Other Occupation” is selected, no clarifying questions will populate. Below is a screenshot of the new format: If you have questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083. Updated Occupation Question in e-App #goldencareagent #mutualofomaha
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Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
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Start the Life Insurance Conversation
September is Life Insurance Awareness Month, which is the perfect time to contact your clients to review their life insurance coverage to make sure their current policy aligns with their goals. For your prospects who are just starting to plan for retirement, this is an excellent opportunity to discuss our IUL products and how they can build tax-deferred cash value to help supplement retirement income. Start sharing the importance and need for life insurance protection today! Start the Life Insurance Conversation #goldencareagent #mutualofomaha #lifeinsuranceawarenessmonth #LIAM
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EFT Direct Deposit Changes Coming Soon
Get Paid Sooner! Mutual of Omaha is moving to an electronic deposit for all commission payments. Once compensation totals more than $25, we will send an electronic payment directly to the bank that is in your profile on Sales Professional Access. If you need to change or add your bank information for direct deposit we require this to be done on Sales Professional Access (SPA). Follow these steps: Step 1: Visit www.MutualofOmaha.com/broker and log in Step 2: Click on the person image in the upper right corner Step 3: Select Direct Deposit in the drop-down Step 4: Click Update Step
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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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IUL Express Product Guide
Our IUL Express product offers simplified underwriting, the potential to earn cash value in addition to a death benefit, a zero percent floor, and an Easy Solve quoting option. This product guide provides a detailed look at each of these features. Protect your client’s memorable moments even faster, with IUL Express. If you have questions, please contact your Account Executive or Sales Director. IUL Express Product Guide #goldencareagent #mutualofomaha #unitedofomaha
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Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
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September is Life Insurance Awareness Month
September is Life Insurance Awareness Month, and a great time to talk to clients about “why” — why you do what you do, why life insurance is so important, and why now is a good time to start (or check in on) their life insurance planning. Below are a few resources we’d encourage you to use as tools to guide discussions, presentations, and planning this month. Resources: LifeHappens.org: This website features articles, calculators, and videos producers can share that highlight the benefits of life insurance. 2021 Prospecting Postcard: Send this postcard to potential clients and let them know why life
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IUL Express: Protection that Lasts
IUL Express is a unique product that can protect your clients throughout their lifetime. It offers the potential to accumulate cash value, includes living benefit riders, and features a simple application process with no health exam. Send this self-mailer to potential clients to highlight the features of IUL Express. Contact our Sales Support team below for customization. Sales Support Phone: (800) 693-6083 Email: sales.support@mutualofomaha.com Mon. to Fri. 8:00 a.m. – 5:00 p.m. (CT) IUL Express: Protection that Lasts #goldencareagent #mutualofomaha #iul
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Offer Protection this School Year
Your clients are busy checking items off their kids’ back-to-school shopping list, but are they thinking about protecting their child’s future? Make sure your clients add Children’s Whole Life Insurance to their checklist. Our Children’s Whole Life product is simple, affordable, and can help protect a child’s future insurability. Get the school year off to a good start for your clients by helping them protect their children. Offer Protection this School Year #goldencareagent #mutualofomaha
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Important State of Washington Long-Term Care Rider Announcement
From the Desk of Tess Grace & Marty Johnson We have been closely monitoring the sales volumes and regulatory environment with the Washington Cares Fund. Earlier this month, we announced the preferred deadline to submit applications with the Long-Term Care Rider for our Income Advantage and Life Protection Advantage IUL policies in the state of Washington. After further review, we have made the decision to suspend sales of the Long-Term Care Rider effective immediately in the state of Washington. We will continue to accept applications for the Income Advantage and Life Protection Advantage IUL policies that do not include the
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COVID-19, Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
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Close the Sale Faster with Automated Underwriting
With Automated Underwriting, you receive a point-of-sale decision day or night with your clients. The process is simple — use the iPipeline iGO e-App on your IUL Express, Living Promise, and Term Life Express applications and it will automatically go through Automated Underwriting. Looking for e-App training, or simply want to understand the process better? Check out our e-App training videos. They walk you through each step of the process – or you can skip ahead to the specific section you need. IUL Express Living Promise Term Life Express Find these helpful resources and more on mutualofomaha.com/simple. No need to
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Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
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