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).

Important IOLI and STOLI Reminders

United of Omaha Life Insurance Company Position Statement on Insurable Interest April 2021 United of Omaha Life Insurance Company and its affiliates’ (together, “United of Omaha”) are committed to providing financial security to individuals, families and businesses through affordable insurance and financial products. We continually strive to develop life insurance and annuity products that meet our customers’ needs and provide good value at a competitive price. A fundamental principle in providing individual life insurance coverage is the existence of an insurable interest by the proposed owner in the life of the insured. Issuing life insurance coverage to persons who do
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

IULs Rise to the Top, Two Years Running

For the second year in a row, Mutual of Omaha has been named “Best Indexed Universal Life Insurance” by Investopedia. What Makes Mutual of Omaha’s IUL products stand out? Investopedia highlights that Mutual of Omaha policies are: Straightforward and relatively easy-to-understand Flexible, so that customers can tailor their coverage to best suits their individual goals Backed by our excellent financial strength ratings This recent announcement reinforces Mutual of Omaha as a leader in the indexed universal life insurance market. We are proud of the recognition and committed to providing strong and valuable products for you and your customers. Thank you
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Memorial Day Office Closing

Mutual of Omaha and its affiliates (United of Omaha and United World) will be closed on Monday, May 29th for Memorial Day. 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 Memoriald Day, Monday, 5/29/2023 Tuesday 5/30/2023 Tuesday 5/30/2023 Friday 5/26/2023 Friday 5/26/2023 Friday 6/2/2023   Weekly and holiday pay schedules are also available on the Sales Professional Access (SPA) website. If you have any questions, please contact your Sales
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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).

Important Mailing Address Change

Effective July 25, 2022 we announced a new mailing address for all paper applications. Mail sent to the previous mailing address will no longer be forwarded. Please use the following address for all mail: Mutual of Omaha 3300 Mutual of Omaha Plaza Omaha, NE 68175 Important Reminders All forms, materials and websites have been updated with the new mailing address If you have paper applications with the old mailing address, please ensure you send them to the new mailing address As a reminder, we have electronic application submission for most products as well If you have any questions, please contact
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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).