Some insurance companies offer LTC policies based on a daily benefit amount. Mutual of Omaha’s policies are based on a monthly benefit. While there are similarities between daily and monthly benefits, there are also significant differences.

A daily benefit has a per day maximum which means your clients are reimbursed up to a set amount for each day. If the cost of the service is over this amount your client will have to pay the balance.

With a monthly benefit, your clients are reimbursed for the actual costs of the services received each day up to the maximum monthly benefit – regardless of daily costs varying throughout the month. This allows your client to get the maximum benefits from their policy and the ability to pay for different types of LTC services if needed.

To learn more about the difference between daily and monthly benefits, click here.

If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or e-mail sales.support@mutualofomaha.com.

Getting the Most from LTC Insurance Policies

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