Mutual of Omaha’s Custom Solution plan offers Monthly Benefit options ranging from $1,500 to $10,000 (in $50 increments), and Policy Limit options ranging from $50,000 to $500,000 (in $500 increments). There are countless combinations, although valid plan lengths must be between 2.08 – 8.33 years. (Years = Limit ÷ Maximum Monthly Benefit ÷ 12)
With all of the many possibilities, how can you quickly and easily identify valid benefit combinations?
Check out the “Pick Max” buttons on the MutualCare® Solutions software, to the left of the Monthly Benefit drop-down boxes. Clicking will open a pop-up box.
Within the graph, allowable options are shown. “Short & Fat” plan designs are distinguished with a light tan color, and “Long & Skinny” plan designs distinguished with a dark brown.
Premium Example: “Long & Skinny” versus “Short & Fat” Plan Designs
If you don’t have the MutualCare® Solutions software, download it here.
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