Inforce LTCI Rate Adjustments Effective October 1, 2023

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 October 1, 2023. *The state of Rhode Island requires a 90-day notification period for all policyholders. Therefore, the effective date for the affected RI policies indicated below will be November 1, 2023. For details on yearly rate adjustment percentages, view the supplemental grid here. Impacted Forms Impacted States LTC04G Arizona & Rhode Island LTC04I Arizona & Rhode Island LTC04I7 Arizona &
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Upcoming Fourth of July Office Closing — Reminder

Mutual of Omaha and its affiliates (United of Omaha and United World) will be closed on Monday, July 3rd and Tuesday, July 4th in honor of the Independence Day 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 Independence Day, Monday & Tuesday 7/03/23 – 7/04/23 Friday 6/30/2023 Thursday 6/29/2023 Thursday 6/29/2023 Wednesday 6/28/2023 Friday 7/07/2023   Weekly and holiday pay schedules are also available on the Sales Professional
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Categories: Accident Insurance, Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Upcoming Fourth of July Office Closing

Mutual of Omaha and its affiliates (United of Omaha and United World) will be closed on Monday, July 3rd and Tuesday, July 4th in honor of the Independence Day 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 Independence Day, Monday & Tuesday 7/03/23 – 7/04/23 Friday 6/30/2023 Thursday 6/29/2023 Thursday 6/29/2023 Wednesday 6/28/2023 Friday 7/07/2023   Weekly and holiday pay schedules are also available on the Sales Professional
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Categories: Accident Insurance, Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Mutual of Omaha’s Strong, Stable, Secure Brochure Updated

Mutual of Omaha’s financial position continues with our strong outlook, a surplus of $4.0 billion and very strong ratings. You can count on us for the strength, stability and security that’s important in your client’s everyday life This updated Strong, Stable, Secure brochure provides a snapshot of Mutual of Omaha’s financial strength and product portfolio while reaffirming our commitment by answering questions and reassuring your clients about Mutual of Omaha’s financial condition. The brochure can be viewed on SPA in the Forms and Materials link and ordered through your normal ordering channels.   Mutual of Omaha’s Strong, Stable, Secure Brochure
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Categories: Accident Insurance, Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Errors and Omissions Insurance

Errors and Omissions Insurance in the amount of $1 million (per claim) is required prior to selling: • Term Life Answers • Universal Life • Index Universal Life • All Annuity • Critical Advantage • Disability • Long-Term Care Errors and Omissions is not required for: • Term Life Express • Final Expense • Index Universal Life Express • Children Whole Life • Medicare Supplement • Dental • Prescription Drug Rx • Accidental Death As a GoldenCare producer, you have the ability to get this valuable coverage at a discount! Check out our Errors and Omissions and learn how easy
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Categories: GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

TLE: Simple and Versatile

Families want to protect their home and the life they’ve built for their family. That’s exactly what a Term Life Express product does. But TLE offers more than just affordable coverage. Check out the TLE product guide to learn more.   TLE: Simple and Versatile   #goldencareagent #mutualofomaha
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Inforce LTCi Rate Adjustments Effective September 1, 2023

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 September 1, 2023: Impacted Forms Impacted States LTC04G West Virginia LTC04I West Virginia LTC09M West Virginia LTC04I7 West Virginia LTC09U West Virginia LTC06UI West Virginia LT50, NH50, HCA, LTA and NHA Rhode Island   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
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

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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Categories: Industry News and Mutual of Omaha (& Affiliates).

Important Changes to COVID Guidelines

Mutual of Omaha continues to closely monitor our new business and underwriting practices to ensure we create efficiencies and improvements when making business decisions regarding our underwriting guidelines. We are happy to announce the following changes to our COVID guidelines for Fully Underwritten Life, effective June 1, 2023. Acceptance Guidelines Based on Insured’s Issue Age: We are now accepting applications on clients through age 79 without table rating restrictions Additionally, we are now able to consider clients aged 80-85 for Standard risk class ONLY Clients with a Positive COVID Test A Statement of Good Health continues to be required if:
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Categories: COVID-19, Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Don’t Forget to Check Out the Book of Business Download

It hasn’t taken long for Mutual of Omaha’s Book of Business download to climb the best-seller list! With the Book of Business download, you can easily download a complete list of the inforce Mutual of Omaha policies* you have sold in one easy-to-sort file. Having the sortable information in one place keep you better informed about your clients’ coverages and better positions you to answer any questions they may have about their policies. Don’t forget to check out the Book of Business Download! To learn more about the new feature, we have created a Book of Business Instructional Flyer.  
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Categories: Accident Insurance, Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).