Product updates to SecureCare in AZ, CT, DE and ND

Product updates to SecureCare Universal Life Securian Financial is committed to building secure tomorrows by doing the right thing today. To deliver on this promise and in response to the historically low interest rate environment, Securian Financial will implement the following updates to SecureCare in Arizona, Connecticut, Delaware and North Dakota on September 5, 20201. Please note: these changes impact new business only, there are no changes to in-force policies. There is no change to the product structure, contract language, forms, compensation or types of benefits provided.   Pricing update Given the extremely low interest rate environment and historic volatility
Read More

Categories: Industry News, Life Insurance, and Securian.

Life insurance grace period extension update

Life insurance grace period extension update Amidst current events surrounding the Covid-19 pandemic, Securian Financial’s Individual Life Insurance Division established a grace period extension for individual life insurance policies. Policies that were set to lapse had their grace period extended as a courtesy to our policyholders and to comply with any state mandated leniency requirements. Beginning mid-June 2020, notices will be sent to policyholders: Payment Notices: For those policies with no state guidelines, or state guidelines with specific end dates, payment notices will be sent that acknowledge the grace period has come to an end, the payment amount due, and
Read More

Categories: COVID-19, Industry News, Life Insurance, and Securian.

Administrative alert! Product updates to SecureCare Universal Life

Administrative alert! Product updates to SecureCare Universal Life Securian Financial is committed to building secure tomorrows by doing the right thing today. To deliver on this promise and in response to the historically low interest rate environment, Securian Financial will implement the following product updates to SecureCare in all Compact states1 and South Dakota on July 18, 2020. These updates will be implemented in other states as they are approved. Please note: these changes impact new business only, there are no changes to in-force policies. There is no change to the product structure, contract language, forms, compensation or types of
Read More

Categories: Industry News, Life Insurance, and Securian.

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
Read More

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

GUL Express Rates Are Dropping

On October 1, 2019, we will be making Guaranteed Universal Life (GULE) even more competitive, with rate decreases between 5 and 30 percent! Product Updates We will be decreasing rates – in some cases up to 30%! We will be expanding the maximum issue age for non-tobacco to age 70 (tobacco will remain at age 65) We will be changing the maximum face amounts to match Term Life Express. The maximum face amounts will now be: 18-50: $300,000 51-60: $250,000 61-65: $150,000 61-70: $150,000 The Disability Continuation of Planned Premium Rider will be introduced on GUL Express in California at
Read More

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

Final Reminder: October 1st Updates for 2017 CSO Table Changes

As a final reminder, on October 1, 2019, United of Omaha will be modifying our GUL and GUL Express products due to the implementation of the 2017 Commissioners Standard Ordinary (CSO) Tables. Product Impacts Guaranteed Universal Life (GUL) The product will be updated with the new CSO tables, resulting in a mix of increases and decreases in premiums. The Disability Continuation of Planned Premium Rider will be introduced on GUL in California at the same time. Guaranteed Universal Life Express (GUL Express) The product will be updated with the new CSO tables, which has resulted in decreases in the lifetime
Read More

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

Coming Soon: Decreased GULE Rates

On October 1, 2019, we will be making Guaranteed Universal Life Express (GULE) even more competitive, with rate decreases between 5 and 30 percent! Here’s what you can expect beginning October 1: We will be decreasing rates – in some cases up to 30%! We will be expanding the maximum issue age for non-tobacco to age 70 (tobacco will remain at age 65) We will be changing the maximum face amounts to match Term Life Express. The maximum face amounts will now be: 18-50: $300,000 51-60: $250,000 61+: $150,000 The Disability Continuation of Planned Premium Rider will be introduced on
Read More

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

Provide Added Flexibility with Multiple GUL Policies

By choosing a Guaranteed Universal Life, your client receives life insurance protection that is guaranteed for a period up to their lifetime. The client also has flexible options for the future using the Guaranteed Refund Option rider, which is included at no additional cost on all qualifying GUL policies. Learn how purchasing multiple policies can give your clients added flexibility. View the sales idea flyer. This concept can be illustrated for your clients using our What If Report, available on the Winflex Illustration Software Reports tab.   If you have any questions, please contact Mutual of Omaha’s Sales Support at
Read More

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

New Lower GULE Rates

On October 1, 2019, we will be making Guaranteed Universal Life (GULE) even more competitive, with rate decreases between 5 and 30 percent! That’s not all, we will also be increasing the maximum issue age for non-tobacco to age 70 as well as updating the face amounts to match Term Life Express. The maximum face amounts will now be: 18-50: $300,000 51-60: $250,000 61+: $150,000 Plus GULE still offers the flexibility your clients love with our short pay and dial down features. Look for more information and updated marketing materials soon!   New Lower GULE Rates   #goldencareagent #mutualofomaha
Read More

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

October 1st Updates for 2017 CSO Table Changes

On October 1, 2019, United of Omaha will be modifying our GUL and GUL Express products due to the implementation of the 2017 Commissioners Standard Ordinary (CSO) Tables. Product Impacts Guaranteed Universal Life (GUL) The product will be updated with the new CSO tables, resulting in a mix of increases and decreases in premiums. The Disability Continuation of Planned Premium Rider will be introduced on GUL in California at the same time. Guaranteed Universal Life Express (GUL Express) The product will be updated with the new CSO tables, which has resulted in decreases in the lifetime guarantee premiums. We will
Read More

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