We also offer Chronic and Terminal Illness Riders on our fully-underwritten IUL policies at no additional cost and with no additional underwriting. These riders give your client an option to access a portion of their death benefit early. This money can provide a little more comfort during a difficult time or can be used to help cover the costs of long-term care. Learn more about how our Accelerated Death Benefit Riders work. No One Knows What the Future May Hold… #goldencareagent #mutualofomaha
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Our Income Advantage IUL and Life Protection Advantage IUL policies now offer a Long-Term Care Rider in addition to an Accelerated Death Benefit for Chronic Illness Rider. In some cases, it may benefit your clients to choose both riders. Although both riders can’t be added to the same policy, your clients have the option to split a larger policy into two. And, only one application is needed – you just need to include instructions on the application regarding the client’s intent to split the policy. Take a look at the sales idea flyer to see a case study that shows
Industry News, Life Insurance, and Mutual of Omaha (& Affiliates). chronic illness, Chronic Illness Rider, express, insurance, Life Insurance, Long-Term Care, long-term care insurance, LTC Rider, mutual of omaha, omaha, risk, simplified underwriting, and United of Omaha.
We offer Accelerated Death Benefits for Terminal Illness and Chronic Illness which give clients an option to access a portion of their death benefit early. This money can provide a little more comfort during a difficult time or can be used to help cover the costs of long-term care. For the Chronic Illness Rider, the benefit amount is capped each year by the IRS per diem limit. For 2020, this limit has increased to $380 per day (or $138,700 for the year). The following materials have been updated to reflect the extension of the per diem limit into 2018: Accelerated