Protection When You Need It

We sold our first long-term care insurance policy in 1987, and since then, we’ve paid over $1.3 billion in benefits to long-term care policyholders. On average, we pay over $11 million per month in long-term care claims. The need for a long-term care can arise at any time. When your clients believe they may need to file a long-term care claim, they can contact you directly or reach out to the Long-Term Care Claims Department. That means the promise we make to be here when your clients need us has not, and will not change. For more information on how
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Two Policies, Same Great Features

Both policies in the MutualCare Solutions portfolio provide coverage for home health care, as well as care received in an assisted living facility and nursing home. They also contain many of the same features and benefits. Cash Benefit with No Elimination Period     • Provides cash to pay for any cost associated with LTC expenses Monthly Benefit Amount     • Allows greater flexibility to maximize policy benefits Calendar-Day Elimination Period     • Provides reimbursement benefits sooner Stay-at-Home Benefit     • Includes multiple benefits to help people stay at home as long as possible Low Inflation Protection
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Know the Difference Between MutualCare Secure Solution and MutualCare Custom Solution

Whether you’re new to selling LTCi or have been at it for years, understanding the difference is key to better serving your clients. MutualCare® Secure Solution is a traditional long-term care policy that allows people to plan ahead for their long-term care needs. By adding this measure of security to their retirement portfolio, they know that a portion of their long-term care expenses will be covered. MutualCare® Secure Solution is perfect for: Customers who are looking for easy-to-understand benefits and the security of knowing they have some measure of asset protection Agents who like a product with simple design and
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Inflation Protection

It’s without question that the cost of healthcare will rise in the coming years. Helping your clients fight inflation is a great way to ensure they have the coverage needed as they age. Inflation Protection The current maximum monthly benefit and remaining policy limit increase annually by the percentage the insured selects The increase occurs on each policy anniversary date for the length of time the insured selects – either for the life of the policy or for a limited period of time Inflation Protection Buy-Up Option The buy-up option is only available on MutualCare® Custom Solution policies Each year,
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Long-Term Care insurance Offers Inflation Protection Options

Clients have concerns about inflation and how it is impacting their budget. We understand that it can be challenging to fit a long-term care insurance premium payment into an already tight budget. That’s why our MutualCare® Custom Solution policy’s offer a variety of inflation protection options —allowing the ability to tailor a plan of coverage to meet the needs and budget requirements of any client. Read the concept flyer to learn more.   Long-Term Care insurance Offers Inflation Protection Options   #goldencareagent #mutualofomaha
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Using Inflation Protection to Reach Desired Premium

It can be challenging to fit a long-term care insurance premium payment into an already tight budget. With a variety of inflation protection options available on a MutualCare® Custom Solution policy, your agents can tailor a plan of coverage to meet the needs and budget requirements of any client. Read the concept flyer to learn more.   Using Inflation Protection to Reach Desired Premium   #goldencareagent #mutualofomaha #longtermcare
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

California Partner Allowance Guidelines

Mutual of Omaha is allowing a 6-month period for policyholders to receive the “Partner – Both Issued” allowance when partners are issued policies with two different rates (one issued pre rate refresh, one issued post rate refresh). The rule will only apply if the second partner’s policy is issued within 6 months of the rate refresh effective date. Below are scenarios based on a state with a rate refresh implementation date of April 1, 2022 and a six-month deadline of October 1, 2022. Partner A is issued a policy with old rates. The 15% “Partner – One Issued” allowance applies
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Rate Refresh Partner Allowance Guidelines

Mutual of Omaha is allowing a 6-month period for policyholders to receive the “Partner – Both Issued” allowance when partners are issued policies with two different rates (one issued pre rate refresh, one issued post rate refresh). The rule will only apply if the second partner’s policy is issued within 6 months of the rate refresh effective date. Below are scenarios based on a state with a rate refresh implementation date of September 1, 2020 and a six-month deadline of March 1, 2021. Partner A is issued a policy with old rates. The 15% “Partner – One Issued” allowance applies
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

REMINDER: Rate Refresh Partner Allowance Guidelines

Mutual of Omaha is allowing a 6-month period for policyholders to receive the “Partner – Both Issued” allowance when partners are issued policies with two different rates (one issued pre rate refresh, one issued post rate refresh). The rule will only apply if the second partner’s policy is issued within 6 months of the rate refresh effective date. Below are scenarios based on a state with a rate refresh implementation date of September 1, 2020 and a six-month deadline of March 1, 2021. Partner A is issued a policy with old rates. The 15% “Partner – One Issued” allowance applies
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

New Sales Idea: Understanding Elimination Periods

It’s important for clients to understand long-term care insurance and how it can be tailored to meet a client’s specific needs. Talking about elimination periods is part of this process. Download our NEW Sales Idea to learn more!   If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com.   New Sales Idea: Understanding Elimination Periods   #goldencareagent #mutualofomaha #longtermcare
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).