Inforce LTCi Rate Adjustments Effective June 1, 2024

Mutual of Omaha actively monitors our inforce long-term care business, filing rate adjustments when necessary to ensure we keep our promises to policyholders and remain competitive in the marketplace.

We will be implementing the following inforce rate adjustments effective June 1, 2024.

Impacted Forms Impacted States
LTC04I Vermont
LTC0417 Vermont
LTC09M Vermont
LTC06UI Vermont
LTC09U Vermont
LT50, NH50, HCA, HCAQ, LTA, LTAQ, NHA and NHAQ South Carolina

For details on yearly rate adjustment percentages, view the supplemental grid here.
Policyholder Notification Process
Policyholders will receive a letter notifying them at least 60* days prior to the premium rate increase effective date as outlined above.

Along with the premium rate increase notification letters, most policyholders will receive an adjustment offer if there are options available. The offer will provide the policyholder with a benefit-reduction alternative to help reduce the impact of the premium increase.
Tools Available
Additional resources are available on Sales Professional Access, including:

  • A list of impacted policyholders on the Reports page
  • Historical rate adjustment information by policy form on the Rate Adjustment page

For a complete list of affected policy forms as well as additional key information, including quoting best practices, please review the FAQ.

Long-term care insurance is a core product for Mutual of Omaha, and we intend to remain a key player in this market for years to come.

For any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083.

Inforce LTCi Rate Adjustments Effective June 1, 2024