Mutual of Omaha - New Company?

[patch36]

Just to be clear, I believe these guys are now talking about Assured Life, which is a new venture. UoO is established, has rates and commissions and has been around for quite a few months in many states.

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If the commissions for UofO have not been set, then how is it I am receiving commissions for that company?

Rick

They are now talking about Assured. I too receive commission checks regularly for UoO.

 

[medicarebenefitsdirect]

If the commissions for UofO have not been set, then how is it I am receiving commissions for that company?

Rick

Rick:
PM me and I can go into more detail.

 

[Todd King]

Can't you share with all of us. I think there are quite a few on here that would love to hear your answer to the 'commissions not set-yet I get renewals' dilemma.

 

[stormtracker]

If the commissions for UofO have not been set, then how is it I am receiving commissions for that company?

Rick

They are paying like their MA cousins...

 

[djn1970]

you are saying the have better prce and good comp.....why not

I just want a product that is day one coverage, simplified issue, good price, no denial, no phone interview, paid asap, and no age limit,
Dan

 

[Norwayguy]

If the commissions for UofO have not been set, then how is it I am receiving commissions for that company?

Rick

Oh how we forget the CMS/MA fiasco

 

[The Brokerage Resource]

Did you all get your new Commission schedules yet ?. I suggest you log into SPA and see what you are going to be paid on United of Omaha business starting 5/1.

So now I can say the Commission for United of Omaha have been set. The commission have been raised 3% so if you had a 10% you now have a 13%.

 

[LBJINS]

what is the new company called

 

[Todd King]

what is the new company called

Confusing thread isn't it?
There was actually 2 different things going on in this thread, but I'll sum it up for you.

There is a new company called Woodmen of the World/Assured which is a better comp than all the rest of the Mutual of Companies (Mutual of Omaha, United of Omaha and United World). That's the new company and you can get 21% for those.

The other thing that was being debated was that whether United of Omaha was new or not and had they set their commissions.

The Answer to this is actually yes and no. United of Omaha is not a brand new company. Have their commission levels been set yet. Yes they had been set but UoO decided to raise the commissions by 3% across the board. Some, I guess, see this as a new company with new commission schedules. Well, we'll say that would be half right anyway.

 

[The Brokerage Resource]

Confusing thread isn't it?
There was actually 2 different things going on in this thread, but I'll sum it up for you.

There is a new company called Woodmen of the World/Assured which is a better comp than all the rest of the Mutual of Companies (Mutual of Omaha, United of Omaha and United World). That's the new company and you can get 21% for those.

The other thing that was being debated was that whether United of Omaha was new or not and had they set their commissions.

The Answer to this is actually yes and no. United of Omaha is not a brand new company. Have their commission levels been set yet. Yes they had been set but UoO decided to raise the commissions by 3% across the board. Some, I guess, see this as a new company with new commission schedules. Well, we'll say that would be half right anyway.

Todd,

You almost right, Woodman is its own company and is not owned by Mutual of Omaha. Mutual of Omaha does however provide re-insurance for the Woodman Medicare Sup prodcuts.