On August 1, agents selling in Arizona and South Dakota will now have an additional option to help meet clients’ long-term care planning needs. A 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 August 1st approvals in Arizona and South Dakota, the new Long-Term Care Rider will be available in all states except California, Delaware, District of Columbia, Florida, Hawaii, Indiana, Montana, New Jersey, North Dakota, Virginia, and the Virgin Islands.
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 beginning July 1
- 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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If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com.
AZ and SD: Are You Ready to Sell the New LTC Rider?
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