Inforce LTCi Rate Adjustments Effective November 1, 2022

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 November 1, 2022:

Impacted Policy Forms Impacted States
LTC04G Mississippi, Wyoming
LTC04I Mississippi, Washington, Wyoming
LTC04I7 Mississippi, Washington, Wyoming
LTC09M Mississippi, Washington, Wyoming
LTC06UI Mississippi, Washington, Wyoming
LTC09U Mississippi, Washington, Wyoming
LT50, NH50, HCA, NHA & LTA North 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 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 will be available on or before Friday, 7/22
  • 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, 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 Long-Term Care Insurance Rate Adjustments Effective November 1, 2022