A unique advantage of traditional LTCi is the tax benefits it offers to your clients. The LTCi tax advantages flyers are now updated with the 2020 eligible deduction amounts. Let your clients know buying a traditional long-term care insurance policy from Mutual of Omaha offers tax advantages. Also, if you have clients that are small business owners, there may be significant tax savings if they use business dollars to purchase long-term care insurance. The flyers are now available for immediate download on forms and materials. Click below to view/download directly: 2020 Consumer Tax Guide 2020 Small Business Tax Guide If
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Prepaid Debit Card Refresher
Some clients request to use a prepaid debit card or account to pay for their life insurance policy. While these cards can be convenient for the client, they can be tricky when processing recurring premium payments. Want to learn more about how prepaid debit cards work? Take a look at our FAQ below. Q: What is a prepaid debit card? A: A prepaid debit card is an alternative to a banking debit card. You load money onto the card and are only allowed to spend the money you have loaded. Q: Does Mutual of Omaha accept prepaid debit cards? A:
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Automated Underwriting for TLE is Here
Effective Saturday, January 4, 2020, Automated Underwriting, our instant decision tool, was added to Term Life Express e-Applications. Now all your TLE e-Apps will receive an instant underwriting decision after the health questions are completed. That’s not all, you will also see streamlined e-App screens along with great new features including bank validation, address lookup and touch to sign capability. We walk you through the updated TLE e-App in the training videos below. And for more detailed information, be sure to check out our automated underwriting program flyer and frequently asked questions document. Email Signature Training In-Person Signature Training Protect
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Errors and Omissions Insurance
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 • AccumUL Plus • GUL • GUL Plus • GUL Survivor • Term Life Answers • Bonus Flexible Annuity • Ultra Secure Plus • Income Access • Ultra-Income product • Critical Illness • Disability • Long-Term Care • Medicare Advantage • Prescription Drug Plans As a GoldenCare producer, you have the ability to get this valuable coverage at a discount! Check out our Errors and
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GUL Express Illustrations
Last February we announced we no longer require illustrations on most Guaranteed Universal Life Express policies. This allows you to simply use our mobile quoting app to quote GUL Express and submit the application. As a reminder, below is when an illustration is required. No Illustration Required Policies with no-cost riders using monthly or annual payments. Illustration Required Policies with cost riders and making payments using anything other than monthly or annual payments. Policies with any payment structure other than guaranteed term periods offered on the mobile quoting tool (age 80, 85, 90, 100, 120), such as short pay and
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NEW IUL Express Producer Training Video
Our new IUL Express producer training video provides you with everything you need to know about our newest simplified issue product, including the product features, who the target market is, how the indexing options work, the additional options available and more. Watch the Producer Training Video now > > Then, when you’re ready to sell, use the IUL Express process training video to learn how to illustrate the product and complete the application. Watch the Process Training Video now > > And, we even have a video that you can share with your clients to help you explain
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Chronic Illness Rider Materials Updated for 2020
We offer Accelerated Death Benefits for Terminal Illness and Chronic Illness which give clients an option to access a portion of their death benefit early. This money can provide a little more comfort during a difficult time or can be used to help cover the costs of long-term care. For the Chronic Illness Rider, the benefit amount is capped each year by the IRS per diem limit. For 2020, this limit has increased to $380 per day (or $138,700 for the year). The following materials have been updated to reflect the extension of the per diem limit into 2018: Accelerated
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Updated Product Portfolio and Underwriting Guide
The Life Insurance Underwriting Guidelines and Product Portfolio have been updated with the January 2020 product updates and are now available to order. Click below to view/download directly: Underwriting Guidelines Product Portfolio All materials are available to view/download through SPA or can be ordered through your normal channels. If you have questions, please contact your Account Executive or Sales Director. Updated Product Portfolio and Underwriting Guide #goldencareagent #mutualofomaha
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Final Reminder: Upcoming Changes to Our Life Portfolio
As a reminder, effective January 1, 2020, we will be making changes to our life product portfolio, including discontinuing our Guaranteed Universal Life product, repricing our Level and Graded Living Promise Whole Life final expense products, repricing our Term Life Express Non-ROP product and discontinuing our Term Life Express 20-Year ROP product. Read the Upcoming Changes to Our Life Portfolio article for complete details on the changes. Read the 2020 Life Product Changes: Transition Rules article to get the full transition rules. Read the FAQ document to get answers to any questions you may have regarding the upcoming changes. If
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Holiday Telephone Solicitation bans for the month of January 2020
Please be aware of the following holiday telephone solicitation bans for the month of January. On Wednesday, January 1, 2020: Alabama, Louisiana, Mississippi, Pennsylvania, Rhode Island, and Utah prohibit unsolicited marketing calls to residents in observance of the New Year’s holiday On Wednesday, January 8, 2020: Louisiana prohibits unsolicited marketing calls to residents in observance of the Battle of New Orleans On Monday, January 13, 2020: Louisiana prohibits unsolicited marketing calls to residents in observance of Inauguration Day On Sunday January 19, 2020: Louisiana prohibits unsolicited marketing calls to residents in observance of Robert E. Lee Day On Monday, January
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