Living Promise Whole Life Insurance can help ease the financial burden associated with outstanding medical bills, debt and final expenses. It offers your clients affordable premium rates that never increase, no medical exam is required and the policy can’t be canceled as long as premiums are paid and there has been no material misrepresentation. Call Mutual of Omaha’s Sales Support at 1-800-693-6083 to customize our Living Promise rate postcard today! Customize a Living Promise Postcard #goldencareagent #mutualofomaha
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Encourage Customers to Update Their Email on Customer Access
Over the past several years Mutual of Omaha has made a number of enhancements to our customer-facing systems. In doing so, we’ve increased the number of email notifications sent to our customers who have an email address on file. Please encourage customers to provide an email address so they can receive important policy-related communications, including: Payment notification emails: Upcoming automatic deduction Upcoming payment due (if receiving paper billing statements) Payment past due email Payment returned notification (i.e. insufficient funds) New Medicare Supplement Explanations of Benefits available Proxy voting information (Mutual of Omaha customers only; does not pertain to United of
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When You Think of Us, Think ‘Age Last Birthday’
Many companies set premium rates based on an applicant’s nearest birthday rather than using their actual age. Using age last birthday can: Save your clients when it comes to premium: The client is paying a premium based on their current age, not on the age they will be. Result in fewer underwriting tests: Underwriting requirements are based on age, so the client may have fewer tests when basing the requirements on the client’s current age. Less tests can help save your clients time. For the best possible rates, be sure you use your client’s date of birth when quoting United
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Simplified Issue Underwriting Quick Reference Guide
The Simplified Underwriting Reference Guide provides you with a quick overview of the underwriting requirements for Indexed Universal Life Express (IULE), Term Life Express (TLE), Guaranteed Universal Life Express (GULE) and Living Promise Whole Life (Final Expense). This downloadable one-page flyer provides the basic underwriting requirements by product, the build chart and a summary of some of the ineligible conditions. You can also download this flyer and other Simplified Issue marketing materials by visiting mutualofomaha.com/simple or by logging into Sales Professional Access (SPA). If you have questions, please contact your Account Executive or Sales Director. Simplified Issue Underwriting
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Unbeatable Incentives for Writing MoO Med Supps!
Med Supp apps must be submitted 1/1/2021 — 3/31/2021 and issue by 4/15/2021 For Agent Use Only. Not For Public Distribution. Issued applications must be underwritten and specific to Mutual of Omaha and its affiliates. Applications must be submitted Jan 1 – March 31, 2021 and issue by April 15, 2021. Apps issued in Washington are excluded. Split compensation applications count as half. Excludes guaranteed issue and underage 65 business. Special agent awards (licensed-only agent) are awarded to the agency. Integrity Marketing Group (INTEGRITY) has the the exclusive right to change the qualifications and/or rules for this program at
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Understanding your Exposure with Telephone Solicitations
Telephone solicitations are an important aspect of insurance marketing. Unfortunately, this has become a high-risk endeavor. The Telephone Consumer Protection Act of 1991, better known as the TCPA, was enacted to protect consumers from unwanted telemarketing calls and faxes. It imposes liability in the form of regulatory fines and incentivizes private plaintiffs to pursue claims with statutory damages of $500 to $1,500 per call, with no limit. Attorneys’ fees for defending TCPA actions can easily reach hundreds of thousands of dollars and multi-million dollar settlements are, unfortunately, a common occurrence. Agents and brokers are expected, and contractually required, to act
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Errors and Omissions Insurance Reminders
Mutual of Omaha and its affiliates (United of Omaha and United World) require Errors and Omissions Insurance in the amount of $1 million (per claim) prior to selling the following insurance products: • AccumUL Answers • Term Life Answers • Income Advantage IUL • Life Protection Advantage IUL • Bonus Flexible Annuity • Ultra Secure Plus • Income Access • Ultra-Income product • Critical Illness (aka Critical Advantage) • Disability • Long-Term Care • Prescription Drug Plans As a GoldenCare producer, you have the ability to get this valuable coverage at a discount! Check out our Errors and Omissions and
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Foreign National Questionnaire Now on iPipeline e-Apps
You are no longer required to submit a paper application if your client is a non-US citizen. The required Foreign National Questionnaire is now built into our iPipeline e-App for most products! Here’s what you need to know: Available on iPipeline e-App’s for: Indexed Universal Life Express (IULE) Term Life Express (TLE) Guaranteed Universal Life Express (GULE) Term Life Answers (TLA) AccumUL Answers Income Advantage IUL Life Protection Advantage IUL Who does this affect: Clients who are non-US citizens Make sure your client has the following ready in order to complete the Foreign National Questions: Visa Permanent Resident Card If
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New Underwriting Guidelines Booklet – Now Available
The Life Insurance Underwriting Guidelines booklet has been updated for January 1, 2021 and is now available to order. Changes effective January 1, 2021 include: The IRS Tax Transcript form number that was previously 4506T-EZ has been updated and is now 4506-C. The new 4506-C tax transcript form is available to download on SPA. The generally acceptable maximum face amount for juveniles has been increased from $100,000 to $250,000; and the maximum we will consider has been increased from $250,000 to $500,000 We will now request a pharmaceutical check (Rx) for all Juvenile policies The updated guide is available to
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LTC06UI Rate Adjustments Effective March 1, 2021
Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha, and we intend to remain a key player in this market for years to come. To fulfill this commitment, we actively monitor emerging industry trends and make any adjustments necessary that enable us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective March 1, 2021: Block of Business Impacted States LTC06UI Delaware For a complete rate history, see the state approval grid on Sales Professional Access. Policyholder Notification Process Policyholders will receive
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