Transamerica | Final Expense and Trendsetter LB

Transamerica | Final Expense and Trendsetter LB

Transamerica | Final Expense and Trendsetter LB
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Changes Effective October 2nd

Final Expense: Higher Cash Values

Transamerica’s Final Expense Solutions Portfolio now has higher guaranteed cash values at the same cost-effective rates.

In response to the regulatory changes, we’re increasing cash values on our Immediate Solution, 10-Pay Solution, and Easy Solution effective October 2, 2021.

Final Expense Transition Details

New Applications:

  • All final expense applications submitted on or after October 2, 2021, will include cash value updates.

In-Flight Final Expense Applications:

  • Application received on or before October 1, 2021
  • Cases will issue with previous cash values
  • Need to be placed in force on or before December 31, 2021

Trendsetter® LB: New Minimum Issue Age for Band 1

Effective October 2, 2021, the minimum issue age for Trendsetter LB band 1 ($25,000–$99,999) will increase from age 18 to age 23. This means proposed insureds must be 23 years or older for a Trendsetter LB policy with a face amount less than $100,000.

Trendsetter LB Transition Details

New Applications:

  • All applications submitted on or after October 2, 2021, require minimum issue age 23 for Trendsetter LB band 1 ($25,000–$99,999).

In-Flight Trendsetter LB Band 1 Applications for Issue Ages 18 to 22:

  • Applications received at Transamerica on or before October 1
  • Cases will issue with previous minimum issue age 18
  • Cases must be placed in force on or before December 31, 2021

Questions? Please call your Transamerica sales team at 866-545-9058.

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

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Mutual of Omaha | Express – September 22nd

Mutual of Omaha | Express – September 22nd

Mutual of Omaha | Express – September 22nd
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Express

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

SEPTEMBER 22, 2021

Medicare Solutions

New Medicare Supplement Plans in Michigan
Effective October 7, 2021, you may begin selling new Medicare supplement plans in Michigan.

Here Today, Gone Tomorrow: AEP is Coming
The Annual Enrollment Period is a great opportunity to grow your business and help your clients find the Med Supp insurance plan that protects them best.

Medicare Supplement Underwriting Rules
An important reminder about CMS requirements for Open Enrollment and Guaranteed Issue Medicare supplement applications.

Upcoming Rate Adjustments
View upcoming rate adjustments for various states.

Life Insurance

There Are Risks to Waiting on Life Insurance
Understand the risks your client may face from waiting to secure their Indexed Universal Life solution.

What Can Life Insurance do for You?
During Life Insurance Awareness Month, make sure your clients are using their Life Insurance policies to the fullest by conducting an annual review.

Updated Occupation Question in e-App
The occupation section has been updated for the IUL Express and TLE iPipeline e-Applications.

Controlled Business FAQ
Controlled business is an industry term that can be confusing at times. Learn the basic definition and how Mutual of Omaha views controlled business.

Long-Term Care

Tax Advantages of LTCi
Help clients understand there are a lot of advantages to owning a traditional long-term care policy, including the potential to save on federal and state income taxes.

LTCi e-Application Training Video
If you still haven’t tried our LTC e-Application, we have a training video to get you started. Chances are you won’t go back to paper.

Disability

Optional Return of Premium Rider
Some of your clients may be reluctant to purchase a policy if they don’t think they’ll use the coverage.

Using Our Quote and e-Application Tools
The quote and e-Application tools for Mutual Income Solutions make it easy to get business issued. Watch the recorded webinar to learn more.

Critical Illness

The Perfect Complement to Existing Coverage
Our Critical Advantage products can enhance your clients’ existing coverage and give them some control when they need it most.

Sales Idea: High Deductible Plans
When faced with a serious illness, your clients may not have access to the funds they need at the most critical times. A policy from the Critical Advantage Portfolio can help.

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

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Devoted | 2 Weeks Until AEP: $50 Extra Earning Potential

Devoted | 2 Weeks Until AEP: $50 Extra Earning Potential

Devoted | 2 Weeks Until AEP: $50 Extra Earning Potential
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NEW! You can earn a $50 reward with every application with us this AEP

With AEP fast approaching in less than 2 weeks,  here are a few exciting updates and quick tips from Devoted Health on selling with us this AEP:

  • For AEP 2022, earn a $50 reward when you help enrollees complete and submit an HRA form, this includes applications on all plans in all markets!
  • If you’re RTS with Devoted Health for PY2022, go ahead and order all of our PY22 Marketing Materials on our marketing portal, we have exciting new items that will help you sell this AEP
  • Not RTS with us yet?  Get certified with us ASAP on our Agent Portal, it’s easy! (new agents should reach out to upline agency or reply to this email if you have issues)
  • Our Agent Support team has added weekend hours during AEP to help support you.  We’ll be available 9 AM – 6 PM ET between October 1st – December 15th (in addition to our regular business hours are Monday – Friday 9 AM – 8 PM ET)

Introducing our $50 Health Risk Assessment (HRA) incentive on all plans in all markets

Our PY2022 plans include lots of great tools and services to help care for our members. To help us figure out which ones might work for new members, we’re asking you to complete an HRA form with all of your enrollees. And if you do so within 5 calendar days of submitting an enrollment application, you’ll get $50.¹

We recommend completing the HRA form at the same time as enrollment to ensure completion. It takes less than 10 minutes to complete.

HRA is only used to help match members with Devoted Health services like managing medications, controlling chronic conditions like diabetes, or getting settled at home after a hospital stay. The HRA answers don’t impact an enrollee’s premium or application processing. Devoted Health will share responses with doctors to help them offer more personalized care.  And here’s the great part, members enrolling in one of our SNP plans will receive $25 in Devoted Dollars Visa® prepaid card² for completing the HRA and staying enrolled in our plan in January.

If an application is submitted by paper or third-party enrollment vendor, HRA will be available when Devoted Health processes the application. For agent portal submissions, HRA will be available immediately.

2022 Marketing Materials are ready for orders

Log onto our Marketing Portal here to order our PY22 marketing materials, we have new and exciting items such as Medicare comparison worksheets, mail direct options, enrollment kits, plan flyers, etc. to help you sell with Devoted Health!   If you are a broker and you have completed all necessary accreditation with Devoted Health, you will be able to log into our Marketing portal using your NPN and your date of birth. You do not need to pre-register. If you are an existing agency partner, please have your identified admin login. If you do not have an account or cannot locate your credentials, please reply to this email or use our contact info below for further assistance.

Looking forward to a successful AEP season with you.

Get in Touch with Us

Call Us

1 (877) 764-9446

Get in touch with our Agent Support team

Mon – Fri 9am-8pm ET

Sat – Sun 9am-6pm ET (10/1 – 12/15)

Email Us

Contact us 24/7

Meet Us

We offer in-person and virtual events

1. In order to be eligible for payment, members must be actively enrolled at the time of the HRA administrative fee payment;  payment will be made along with commissions (effective date).

2. Use your Visa Prepaid card at select merchant types anywhere Visa debit cards are accepted in the U.S. The card may not be used at any merchant, including internet and mail or telephone order merchants, outside of the U.S. Card is issued by The Bancorp Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. This is not a gift card. This card is issued for loyalty, award or promotional purposes.

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

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Humana | 2022 AEP Sales Materials

Humana | 2022 AEP Sales Materials

Humana | 2022 AEP Sales Materials
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Check out what’s new with sales materials for 2022 AEP

We strive to continually improve our sales materials year in and year out. We used consumer research as well as your feedback for opportunities to enhance our materials. Some of the enhancements you can expect for 2022 are:

Enrollment Book

  • Orderable envelopes to mail enrollment books will be available to order separately through the order site.
  • Bar code has been removed from the 2022 AEP application.
  • Important: DSNP application must be used for DSNP plans or the application will pend with potential denial.
  • DSNP specific enrollment book with new application included.
  • Option to order generic or veteran version for all MA-only plans. Please ensure you select the appropriate description for the type of enrollment book you want for these plans.
  • Use Medicare Document Library on Vantage for digital versions of all materials including enrollment books and 17+ languages.

Order Site Enhancements

  • First look added to the home page.
  • Product filtering available when ordering Enrollment books.
  • Chinese and Korean materials available for specific plans.

Need to Know Information

  • Business Reply Envelopes used for applications will be included in the enrollment book. You will receive a set of labels that will need to be placed on the business reply envelopes prior to 10/15. These labels were created to notify members that they should not mail applications prior to 10/15 and are required to be placed on any enrollment books handed out prior to 10/15.
  • The 2021 plan rating will be included in all enrollment books as a perforated document.  When the 2022 plan rating is available, you will need to remove the 2021 plan rating and replace it with the 2022 version, which will be sent out electronically.  All enrollment book orders received after the 2022 plan rating is available, will receive the 2022 plan rating as a separate piece.
  • The OTC form and Catalog will be provided in color with pictures and a description of the products available.

earn more about all the great materials we have put together for 2022 by watching the Marketing Materials Overview video.

Sales materials will be available to order on July 13th.

If you certify/recertify prior to this date, you will receive an e-mail on July 13th with a link to order materials. You can also order through certification/recertification courses, vantage, and individual links beginning July 13th. For more information access our How to order Medicare Materials job aid below.

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

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Life Insurance for Children

Life Insurance for Children

Life Insurance for Children
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What is Life Insurance for Children?

 

Children’s life insurance policies cover the life of a child and are typically purchased by a parent or grandparent. Usually, these policies are whole life products (but sometimes can be an index universal life). This means coverage lasts for the child’s entire life, as long as the premiums are paid.  Coverage amounts tend to be low, often under $50,000, and premiums are locked in, meaning they won’t go up. At certain ages, such as 18 or 21, the child can take ownership of the policy and continue coverage, buy more, or cancel the policy.

What are the Benefits of Buying Insurance for Children?

  1. Guarantees future insurability: Children’s life insurance policies typically include a guaranteed purchase option. It allows you to buy a certain amount of coverage at a locked-in health classification in the future. This means the child can purchase additional coverage without completing a medical exam.
  2. Cash value that grows: You can withdraw money from the cash value account or borrow against it. When the child reaches adulthood, he or she can surrender the policy and receive the funds in full.
  3. Covers costs if the worst were to happen: Losing a child can be extremely difficult, and you may incur unexpected costs. Children’s life insurance policies pay out a lump sum in the event of a death.
  4. Long-term protection at lower premiums: Since the cost of life insurance depends largely on age and health, purchasing a policy when they’re young can lock in a lower premium for the life of the policy.

What to Know About Buying Life Insurance for Children

Buying life insurance for a child is quick and easy. You will fill out an application, but the child won’t have to go through a medical exam. Usually, you can buy life insurance for a child who is age 17 or younger. The coverage, though, remains in effect throughout the child’s life, as long as the premiums are paid. As the owner of the child’s policy, you can transfer it to your child at any point. Most times parents transfer the policies to their kids once they’re adults and let them take over premium payments.

Who Offers These Types of Policies?

There are many companies out there that offer children’s whole life policies. Mutual of Omaha has its Children’s Whole Life policy. Gerber also offers their Grow-Up Plan. If you want to talk about index universal life policies, North American has a great product in the Builder Plus 3. To see what else is available call us here at Pinnacle Financial Services and speak to a knowledgeable Life Sales Director.

Need Leads? Final Expense Leads Program

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Director of Sales | Life & Final Expense

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

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