Heritage Whole Life Update: Social Security Drafting Information

Heritage Whole Life Update Social Security Drafting Information When selecting Social Security Drafting for GTL’s new Heritage Plan Whole Life Product, if approval date is after the selected draft option, please select an effective date for the policy to be the 1st of the following month in order to have the draft occur on the next expected Social Security payment date. Example 1 The client wants a July 1st effective date and a 2nd Wednesday drafting is requested. ► The first policy draft will occur on Wednesday, July 10th. Example 2 If the policy is effective July 15th and a
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Categories: Guarantee Trust Life, Industry News, and Life Insurance.

Attention Agents Selling New Whole Life Product

Proof of your AML completion is required in order to get your new Heritage Whole Life policies issued. If you are planning on selling GTL’s new Heritage Plan Whole Life Product and you have not yet done so, please send proof of your AML completion (e.g. an image) to agency@gtlic.com. If you have not completed AML training or have a completion date of older than 24 months, you can visit WebCE, QuestCE or Kaplan for online training. Thank you for your business!   Attention Agents Selling New Whole Life Product     #goldencareagent #gtl
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Categories: Guarantee Trust Life, Industry News, and Life Insurance.

Give Them a Gift for Life

With a Children’s Whole Life policy you can help your clients create a solid financial foundation for their children and grandchildren– all for a modest premium. Children’s Whole Life also offers flexibility with a Guaranteed Insurability Rider. This rider allows additional policies to be purchased in the future at the time of several life events, without evidence of insurability. To learn more about Children’s Whole Life and other Simplified Issue products go to 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.   Give Them a Gift for
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Automated Underwriting – Our Instant Decision Solution

The application process for our Term Life Express and Living Promise Whole Life Insurance products is simple – no medical exam and only a few health questions. But did you know when you complete the application using our e-Application you will receive an instant underwriting decision? Automated Underwriting, our instant decision solution, provides you an underwriting decision in minutes, if not seconds, while you are completing the application with your client. New to our e-Applications? Check our our producer training videos below. You can select just the chapters that you need assistance on, or if you are brand new, watch
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Term Life Answers Pricing Changes

It’s important that we continually review our product portfolio and make decisions that are in the long-term best interest of our policyholders and our distribution partners. Effective April 1, 2020, we will be updating our Term Life Answers (TLA) product pricing for new issue policies. Our TLA product continues to provide clients with value and we will continue to offer these competitive product features: Age Last Birthday Underwriting FIT Underwriting Credit Program Accelerated Underwriting Program Flyer (for drop ticket applications only) Conversion Priviledges No-Cost Waiver of Premium for Unemployment Rider In addition to the product features above, effective April 1,
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Upcoming Rate Changes for Life Products

We are announcing upcoming changes to our participation rates, cap rates and fixed account rates on our life products. These rate decreases come as a result of the current rate environment and the increased market volatility, which causes an increase in options costs. Effective April 1, 2020, we will be lowering the fixed crediting rate on Income Advantage IUL, Life Protection Advantage IUL, IUL Express and AccumUL Answers. Effective May 10, 2020, we will be making changes to our participation rates and cap rates on our Income Advantage IUL and Life Protection Advantage IUL products. Fixed Crediting Rate Changes Effective
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Express Reference Guide, Life Insurance Products

United of Omaha’s Express Life Products Reference Guide can provide you with the underwriting requirements – such as the height and weight chart as well as examples of ineligible conditions – on our Simplified Issue products. United of Omaha Simplified Underwriting products include: Term Life Express, Guaranteed Universal Life Express, Indexed Universal Life Express, Living Promise Final Expense, Children’s Whole Life, and Guaranteed Advantage. This is a great piece to download and keep with you to use as a reference guide!   If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

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

Upcoming Life Rate and Product Changes Effective January 1, 2020

Effective January 1, 2020, we will be: Increasing the cap on our 100% Participation Rate Strategy for Life Protection Advantage IUL Decreasing our crediting rate on AccumUL Answers Repricing our AccumUL Answers product Life Protection Advantage IUL Cap Increase: The cap for the 100% Participation Strategy on Life Protection Advantage IUL will increase from 9% to 10%. This rate change will apply to newly issued policies, as well as to any in force policies with a segment that is created (with new premium dollars) or renews on January 10, 2020. With the sweep feature, all money received in the home
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Living Promise e-App Now Has Bank Validation

When you enter your client’s payment information you want to ensure everything is correct. With bank validation, your client’s bank routing and account numbers will be verified to ensure they are a match. If they aren’t you’ll receive an error message so you can correct the payment information on the spot. Just one more great reason to use our Living Promise e-App. If you have any additional questions, please contact your Mutual of Omaha Life Sale Director or Account Executive.   Living Promise e-App Now Has Bank Validation   #goldencareagent #mutualofomaha
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).