Important Levinson Carrier News and Updates – 06/26/23
MUTUAL OF OMAHA
Quicker Underwriting Decisions for LTC
Effective June 20, 2023, Mutual of Omaha will begin ordering medical data for all applications and review it prior to ordering any interviews or medical records.
Introducing a Fourth Crediting Strategy for IULs
On Friday, June 30, United of Omaha is adding a fourth crediting strategy option to our full IUL lineup: the BofA U.S. Agility Index: One-Year Uncapped account.
NATIONWIDE
CareMatters Together is Here!
Nationwide has officially launched the industry’s first cash-indemnity joint asset-based long-term product. Click here for the product highlights, or if you’re familiar with our CareMatters II product, you can click here to compare the two products!
PRINCIPAL
Business Market Solutions Webinar: 3 Ideas in 15 Minutes
Tuesday, June 27, 2023 @ 11:15 AM PT
Join Principal for a fast-paced sales idea session with the regional directors of business solutions. Your speakers will cover the following:
- Leverage resources to start client conversations
- Solutions to help protect businesses and their owners and deliver key employee benefits
- Underwriting and administrative services that give you an edge
PROTECTIVE
Protective is Going Paperless in NY on July 1
As of July 1, 2023, Protective will no longer accept physical (paper) applications in the state of New York, even if dated prior to June 30, 2023. Only applications submitted electronically through Protective Velocity will be accepted – no exceptions.
SECURITY MUTUAL LIFE
A Deep Dive into Whole Life Insurance Part 3
Wednesday, June 28, 2023 @ 8:00 AM PT
Whole life insurance provides guaranteed lifetime benefits with protection for families and businesses. Yet too few consumers and financial advisers fully appreciate whole life insurance and all it offers. Others have misconceptions about whole life insurance and question its value.
Join Security Mutual for the final session in this three-part series where they will explore whole life insurance and its attributes. They will dispel misconceptions about whole life insurance and show how whole life insurance can help protect consumers by delivering survivor and living benefits.
SYMETRA
Symetra has announced the following changes to the SwiftTerm digital platform’s underwriting process:
- Expanded build criteria guidelines so clients can receive even better rate classes than before. The new criteria are more aligned with other carriers in the instant or accelerated underwriting space – and even better in certain scenarios.
- Over 70% of submitted SwiftTerm applications will now go through instant coverage or accelerated underwriting paths –
that means no labs, no doctors, no needles, no fluids, and no tele-interviews.
