Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha, and we intend to remain a key player in this market for years to come. To fulfill this commitment, we actively monitor emerging industry trends and make any adjustments necessary that enable us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective February 1, 2020: Block of Business Impacted States HCA and HCAR Florida For a complete rate history, see the state approval grid on Sales Professional Access. Policyholder Notification Process Policyholders
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Gerber Life Insurance CSO Mortality Table Transition
Gerber Life Update Important Changes to the Gerber Life Grow-Up® Plan, Young Adult and Guaranteed Life CSO Mortality Tables. The National Association of Insurance Commissioners (NAIC) has adopted the 2017 Commissioners Standard Ordinary (2017 CSO) mortality tables. Life insurance policies are required to use the updated 2017 CSO Mortality Tables by January 1, 2020. Additionally Guaranteed Life Issue policies will continue to use the 2001 CSO Mortality Tables. As a result the following changes will be made: Grow-Up® Plan and Young Adult Grow-Up® Transitions to the 2017 CSO Mortality Tables All Grow-Up® Plan and Young Adult Grow-Up® policies issued
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