On September 1, agents selling in the District of Columbia will now have an additional option to help meet clients’ long-term care planning needs. The new Long-Term Care Rider will be available for you on our Income Advantage and Life Protection Advantage Indexed Universal Life (IUL) insurance policies.
The LTC Rider provides:
- Benefits for Nursing Home, Assisted Living, Home Health Care and Adult Day Care
- Maximum total benefits up to 100% of the initial specified death benefit
- 1%, 2% or 4% monthly acceleration percentages
- One-time, 90 calendar-day elimination period
- Automatic issue of the Chronic Illness Rider if the client doesn’t qualify for the LTC Rider coverage
Our introductory flyer covers the LTC Rider basics.
State Approvals
With the September 1st approval in the District of Columbia, the new Long-Term Care Rider will be available in all states except California.
We will continue to notify you as additional LTC Rider state approvals are received.
Illustration Software & Marketing Materials
- The Long-Term Care Rider will be available for quoting on WinFlex and WinFlex Web in the District of Columbia beginning September 1st
- Our Long-Term Care Information and Underwriting Guide provides you with all the information you need to sell the new LTC Rider
- A new Long-Term Care Rider Client Brochure has been created to provide your client with detailed information on the features and benefits of the rider
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For even more information, including sales ideas and videos, go to MutualofOmaha.com/ltc-rider.
The LTC Rider is Now Approved in the District of Columbia
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