If you have clients who don’t want to end up paying premiums for something they may never use, there’s a feature of the policy that can help ease their concerns.
Mutual of Omaha Offers Three Return of Premium Options:
Add an optional Return of Premium rider to a long-term care policy. Here’s how it works: If the insured dies while the policy is in force, premiums paid minus any policy benefits received by the insured are refunded to the insured’s beneficiary.
ROP Benefit |
ROP Three Times the Maximum Monthly Benefit Less Claims Paid |
ROP if Death Occurs Before Age 65 Less Claims Paid |
ROP at Death Less Claims Paid |
How it Works: |
Refunds no more than three times the maximum monthly benefit of the policy |
Refunds premium if the insured dies prior to his or her 65th birthday |
Refunds premium upon the death of the insured |
Available On: |
MutualCare® Custom Solution, MutualCare® Secure Solution |
MutualCare® Custom Solution |
MutualCare® Custom Solution |
LTC Sales Idea: Return of Premium
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