Effective 10/16/17, when the full modal premium is not received, the policy will terminate as of the paid to date and the partial payment will be refunded. The following disclosures will be added to the final billing notice and also the billing statement in order to ensure that your clients are put on notice of this handling.
Final Billing Notice
Important: If the full balance due is not received by the end of the grace period, your coverage will terminate as of the date the premium was due (except in Maryland which will cancel as of the last day of the grace period). Any partial payments or late payments will be refunded.
*IMPORTANT: Full premium due is required to be paid during the grace period to avoid your policy being terminated. The grace period begins as of the earliest coverage period shown above.
Any questions please contact Mutual of Omaha’s Service Office at 877-894-2478, or contact Sales Support at (800) 693-6083 or e-mail email@example.com.
LTCi Premium Paid to Date and Termination Date Changes