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A Weekly Update for Mutual of Omaha's Brokerage Sales Distribution

MAY 26, 2021

 

|   Life Insurance

Important Life Underwriting Updates

We are adjusting our temporary fully underwritten life insurance underwriting guidelines.

Income Advantage IUL allows for a client to accumulate cash value

This sales idea shows how an Income Advantage policy can team up with a term life insurance policy to help clients who want to plan ahead for retirement, but also have a larger temporary life insurance need.

IUL Express - A great fit for Simplified Issue Life Insurance

IUL Express offers permanent life insurance with growth potential and a simplified issue process.

 

|   Medicare Solutions

Don't Forget Our Comprehensive Compliance Manual

Turn to this valuable resource, located on SPA, for details on everything from getting contracted to assisting your customers.

2021 Wisconsin Med Supp Buyer's Guide Available

You can now view the 2021 Wisconsin Medicare Supplement Buyer's Guide.

Upcoming Rate Adjustments

Review upcoming rate adjustments in various states.

 

|   Long-Term Care

Washington State Underwriting and Compensation Updates

Due to the approaching WA Cares Fund deadline, we are experiencing a significant increase in application volumes. Therefore, we are instituting underwriting and commission changes for applications received from the state of Washington.

Long-Term Care Virtual Assessment Update

Effective June 1, 2021, virtual assessments will only be conducted when a nurse is not available or due to geographic location.

Reminder: LTC New Business Rate Refresh and Benefit Changes in Additional States

Effective June 1, 2021, we will be implementing new rates and benefit option changes to the MutualCare® Solutions Portfolio in Delaware, Florida, North Dakota and South Dakota.

Rate Adjustments Effective August 1, 2021

We will be implementing long-term care rate adjustments for in force business in Colorado on August 1, 2021.

Rate Adjustments Effective September 1, 2021

We will be implementing long-term care rate adjustments for in force business in Rhode Island on September 1, 2021.

 

|   Disability

Mutual Income Solutions Underwriting

How Mutual of Omaha evaluates each application based on underwriting criteria.

Mutual Income Solutions Eligibility

Does your client meet the eligibility requirements for coverage from our Mutual Income Solutions Product?

 

|   Critical Illness

What Conditions Are Covered?

Understanding what conditions your policy covers.

Tools for Success

Use all of our marketing tools to start the conversation with your clients.

 

|   Annuities

Increase to Ultra-Income and Deferred Income Protector Maximum Premium Limit

The maximum premium limit for Ultra-Income and Deferred Income Protection increase from $1 million to $3 million.

Annuity Interest Rates Effective June 1, 2021

Deferred annuity interest rates will remain unchanged for June 1, 2021.

 

|   News

Memorial Day Office Closing

Mutual of Omaha and its affiliates will be closed for Memorial Day. Get the full details on when the office will be closed, the cut-off dates and adjusted pay schedules.

 

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Mutual of Omaha Affiliate Companies: United of Omaha Life Insurance Company, United World Life Insurance Company, Omaha Insurance Company, Mutual of Omaha Medicare Advantage Company, and Omaha Health Insurance Company.

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