1099 Form(s) Available on SPA

April 17, 2023 | by | Comments Off on 1099 Form(s) Available on SPA

Starting today, April 5th, 2023, Mutual of Omaha will now make 1099s available electronically through Sales Professional Access (SPA) for all producers going forward, starting with 2022 1099s. Producers’ 2022 1099s were already mailed in January. The detailed instructions for producers accessing 1099s are provided on the home page of SPA. Please note: If a producer has chosen and created a Compensation PIN for SPA already, they will not be able to view their 1099 without their Compensation PIN. For producers consenting (on SPA) to receive 1099s electronically, 1099s for 2023 reporting in 2024 will not have their 1099s mailed.
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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).
Tags: 1099, 1099 form, 1099 tax form, 1099s, insurance, mutual of omaha, Mutual of Omaha Insurance Company, omaha, Omaha affiliates, United of Omaha, United World, and United World Life Insurance Company.

Customer Access Transitioning to Okta Login

April 3, 2023 | by | Comments Off on Customer Access Transitioning to Okta Login

Mutual of Omaha is committed to keeping your customers’ information safe. We will be transitioning the Customer Access login screen to utilize Okta technology. When your customers access Customer Access, they will be asked to log in with their username instead of email address. In addition, the log in screen will also look different, but your customers will still have the same 24/7 online access to their information. Beginning April 19, 2023, your customers will be required to change their password on Customer Access. To assist in the transition, your customers will be receiving 3 separate emails, throughout the transition
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Categories: Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
Tags: administrative, consumer, consumer portal, consumer-access, customer portal, Customer Service, insurance, mutual of omaha, Mutual of Omaha Insurance Company, Okta, omaha, self-service, United of Omaha, and United World.

No Hidden Caps or Participation Rate Changes With Our IULs

April 3, 2023 | by | Comments Off on No Hidden Caps or Participation Rate Changes With Our IULs

At Mutual of Omaha, we proudly publish our cap and participation rate history for all three of our IUL products each month—displaying our stability, with no hidden cap or participation rate changes. And, providing yet another reason why our indexed universal life products are a great choice for your clients. Life Protection Advantage IUL Historical Crediting Rates Income Advantage IUL Historical Crediting Rates IULE Historical Crediting Rates   Find out more about our IUL portfolio at DiscoverIUL.com!   No Hidden Caps or Participation Rate Changes With Our IULs   #goldencareagent #mutualofomaha
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: Discover IUL, express, Income Advantage IUL, Indexed UL, indexed universal life, indexed universal life express, insurance, IUL Express, life, Life Insurance, Life Protection Advantage IUL, Living Promise, mutual of omaha, omaha, and United of Omaha.

Getting Started with IUL Express

April 3, 2023 | by | Comments Off on Getting Started with IUL Express

Help your clients protect all of their meaningful moments even faster with our indexed universal life product, Indexed Universal Life Express (IUL Express). The product guide and producer training video provide an overview of the policy and walk you through quoting, indexed crediting, and more! Find out even more about IUL Express by visiting DiscoverIUL.com or MutualofOmaha.com/Simple.   If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com.   Getting Started with IUL Express   #goldencareagent #mutualofomaha #iul
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: express, indexed universal life, insurance, IUL, IULE, Life Insurance, mutual of omaha, Mutual of Omaha Insurance Company, omaha, simplified underwriting, and United of Omaha.

You’re in Luck: Issue Ages Increased on IULE and TLE

March 20, 2023 | by | Comments Off on You’re in Luck: Issue Ages Increased on IULE and TLE

In case you missed it on March 1, 2023, we increased the maximum issue ages on IUL Express and Term Life Express Non-ROP (10T) products. These enhancements will position our Simplified Issue product options to be available in more sales scenarios and will serve a wider range of clients. Below are some of the key updates you will need to know:   IUL Express: Maximum issue ages for both Tobacco and Non-Tobacco ratings will increase to age 75 Currently Non-Tobacco is age 70 and Tobacco is age 65 Maximum face amount for ages 71-75 will remain $150,000 Term Life Express
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: fit credits, IUL, IUL Express, IULE, life, Life Insurance, mutual of omaha, Mutual of Omaha Insurance Company, term life, Term Life Express, and United of Omaha.

Inforce LTCi Rate Adjustments Effective June 1, 2023

March 20, 2023 | by | Comments Off on Inforce LTCi Rate Adjustments Effective June 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 June 1, 2023: Impacted Forms Impacted States LTC04G Florida LTC04I Florida LTC09M Florida LTC06UI Florida LTC09U Florida LT50, NH50, HCA, NHA, LTA Colorado and Missouri   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 to the premium rate increase effective date as
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: adjustment, insurance, Long-Term Care, long-term care insurance, LTC, LTCi, mutual of omaha, Mutual of Omaha Insurance Company, omaha, premium adjustment, rate adjustment, and United of Omaha.

Updates to Covid-19 Underwriting Guidelines

March 6, 2023 | by | Comments Off on Updates to Covid-19 Underwriting 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 March 1, 2023. Acceptance Guidelines Based on Insured’s Issue Age: We are now accepting applications for clients through age 74 and up to table 8, an increase from the prior Table 6 limit Ages 75-79 remain capped at Table 6 Ages 80+ continue to be postponed Clients with a Positive COVID Test A Statement of
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Categories: COVID-19, Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: Coronavirus, COVID, COVID-19, Income Advantage, Income Advantage IUL, insurance, IUL, Life Insurance, Life Protection Advantage, Life Protection Advantage IUL, mutual of omaha, Mutual of Omaha Insurance Company, omaha, pandemic, Term Life Answers, Term Life Insurance, TLA, United of Omaha, and virus.

New Simplified Issue Product Updates

March 6, 2023 | by | Comments Off on New Simplified Issue Product Updates

We are excited to announce maximum issue age increases to both our IUL Express and Term Life Express Non-ROP (10T) products that will be effective March 1, 2023! These enhancements will position our Simplified Issue product options to be available in more sales scenarios and will serve a wider range of clients. Below are some of the key updates you will need to know: IUL Express Maximum issue ages for both Tobacco and Non-Tobacco ratings will increase to age 75 Currently Non-Tobacco is age 70 and Tobacco is age 65 Maximum face amount for ages 71-75 will remain $150,000 Term
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: express, Express Underwriting, indexed universal life, insurance, IUL, IULE, Life Insurance, mutual of omaha, Mutual of Omaha Insurance Company, omaha, simplified underwriting, Term Life Express, and United of Omaha.

Flexibility of the Guaranteed Refund Option Rider

March 6, 2023 | by | Comments Off on Flexibility of the Guaranteed Refund Option Rider

The flexibility of our Income Advantage IUL and Life Protection Advantage IUL can benefit your business clients with the Guaranteed Refund Option rider. This no-cost rider can help provide them with cash surrender options when planning for the future of their company, whether they are planning for: Key Person insurance Cross-Purchase Buy-Sell Arrangement Business Succession Planning These are just a few scenarios that may help business clients who need the flexibility of IULs from United of Omaha.   If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com.   Flexibility of
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: express, Express Underwriting, indexed universal life, insurance, IUL, IULE, Life Insurance, mutual of omaha, Mutual of Omaha Insurance Company, omaha, simplified underwriting, and United of Omaha.

Living Promise Provides Affordable Protection

March 6, 2023 | by | No Comments

Living Promise Whole Life Insurance may help provide affordable protection that pays benefits directly to the person clients choose to take care of their outstanding medical bills, unexpected expenses or debt they may leave behind. Learn more about Living Promise and help protect your clients and their families today.   Living Promise Provides Affordable Protection   #goldencareagent #mutualofomaha
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: final expense, Graded Benefit, insurance, Level Benefit, Life Insurance, mutual of omaha, Mutual of Omaha Insurance Company, premium, United of Omaha, and whole life.