Mutual of Omaha and its affiliates (United of Omaha and United World) will be closed on Thursday, Nov. 26, and Friday, Nov. 27, 2020, for the Thanksgiving holiday. Thanksgiving Office Closing #goldencareagent #mutualofomaha #thanksgiving
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LTC06UI, HCA and HCAR Rate Adjustments Effective February 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 February 1, 2021: Block of Business Impacted States LTC06UI Iowa and Oklahoma HCA, HCAR Florida For a complete rate history, see the state approval grid on Sales Professional Access. Policyholder
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Living Promise Paper App Update – Arkansas Only
Effective November 1, 2020 we will be discontinuing the Arkansas state special version of the Living Promise paper application (form number: D389LAR12A). Arkansas will now use the Living Promise interstate compact application (form number: ICC14L643A). Please note, Arkansas only allows the Living Promise Level benefit product. Arkansas does not allow the Living Promise Graded benefit product. Transition Rules Living Promise paper applications using the old Arkansas application (form number: D389LAR12A) must have a signed date on or before November 15, 2020 and must be received in the home office by November 30, 2020. After November 30, 2020 all Living
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Can You Keep All the AG49-A Changes Straight?
It’s been happening for a while now. Carriers have been designing products to get around the original AG49 illustration regulations introduced in 2015. Competitors developed all kinds of complex features just to allow their IUL products to illustrate better on paper. You’ve probably heard it referred to as ‘the illustration wars’. The problem is: clients didn’t understand what they were buying and there’s a good chance many of these policies won’t live up to their illustrated performance. And, these complex features also came with increased charges. So, if these products aren’t client-friendly, why are they still being sold? Simple. Because
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Telephone Solicitation Bans for the Month of November 2020
Please be aware of the following US holiday telephone solicitation bans for the month of November 2020: On Wednesday, November 11, 2020: Alabama, Louisiana, Mississippi, Pennsylvania, Rhode Island, and Utah prohibit unsolicited marketing calls to residents in observance of Veterans’ Day. On Thursday, November 26,2020: Alabama, Louisiana, Mississippi, Pennsylvania, Rhode Island, and Utah prohibit unsolicited marketing calls to residents in observance of Thanksgiving. On Friday, November 27, 2020: Louisiana may prohibit unsolicited marketing calls to residents in observance of Acadian Day (may be declared by the governor). On Friday, November 27, 2020: Pennsylvania prohibits unsolicited marketing calls to residents in
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Transfer Guidelines Update
Mutual of Omaha has recently updated the Transfer Guidelines so all transfer requests relating to Simplified Issue products follow the same process. You can find both the Transfer Guidelines and the Transfer Request Form on Sales Professional Access (SPA), or click the links below: > Transfer Guidelines > Transfer Request Form If you have questions, please contact your Sales Director or Account Executive. Transfer Guidelines Update #goldencareagent #mutualofomaha
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Sales Support Has New Hours
Our Sales Support Unit can assist you with product questions, run illustrations, order marketing materials and more! Below you will find their contact number and NEW operating hours. Sales Support Phone: (800) 693-6083 Hours of Operation: Monday – Friday 8:00 a.m. — 5:00 p.m. (CT) Sales Support Has New Hours #goldencareagent #mutualofomaha
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When Your Final Expense Clients Need a Little More Death Benefit
A final expense product is a great solution for clients who are looking to cover their funeral expenses, as well as other end-of-life expenses their families could incur. For clients who need a little more death benefit than a final expense policy typically allows, you may want to consider Indexed Universal Life Express as an alternative. IUL Express offers higher face amounts, which will allow your clients to be better prepared for the end-of-life expenses their loved ones may incur. Learn more in the IUL Express as an Alternative When Clients Need More Death Benefit than a Final Expense Policy
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Life Changes – Can Your Clients’ Life Insurance Policies Adapt?
Your clients’ lives are full of changes. And with retirement looming, there may be even more. Our Change of Situation brochure shows clients how an Income Advantage IUL policy can help clients plan ahead for retirement while remaining flexible enough to accommodate life’s changes. These changes include: Changing Products Changing Situations Changing Market Environments The brochure also explains how the Guaranteed Refund Option Rider and Accumulation Values work. Plus, it provides three client case studies demonstrating how an IUL policy can help weather life’s changes – whether life goes as planned, whether a new, better product comes along or whether
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Important Life Underwriting Update
Throughout the pandemic, Mutual of Omaha has been continuously evaluating our underwriting and new business practices to support business continuity, deliver a high level of service and maintain our financial strength. As a result, we will be expanding the cases we will accept beginning Thursday, October 1, 2020. The following guidelines will apply to all fully-underwritten life insurance cases. This includes any newly submitted and pending in-house cases, whether formal or informal. Please note, the guidelines below are temporary. International Travel Guidelines All All fully-underwritten life insurance cases where the proposed insured plans to travel or has traveled internationally to
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