MutualCare® Solutions policies give your clients two options on receiving long-term care benefits – cash or reimbursement. Cash Benefit The cash benefit can be used for any services that supports the plan of care. Plus, there is no elimination period to meet before receiving the cash. Reimbursement Benefit After the elimination period is met, the reimbursement benefit allows your client to access covered long-term care services, reimbursed up to the selected amount each month. Best of all, your clients have the flexibility to switch between the cash or reimbursement benefit at any time. For more details on the MutualCare® Solutions
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Help Clients Stay at Home With an LTCi Policy
Clear up the misconceptions by walking your clients through how an LTCi policy can ease their burden and keep them in their home longer. The policy they choose today should be flexible enough to meet their needs for tomorrow. The MutualCare® Solutions portfolio offers up to four ways to help keep clients in their own home for as long as possible. Read more on what’s offered to your client. If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or e-mail sales.support@mutualofomaha.com. Help Clients Stay at Home With an LTCi Policy #goldencareagent
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Top Ten Long-Term Care Considerations
Learn more about the top ten long-term care health conditions and how Mutual of Omaha underwrites them with care and responsible underwriting. This quick guide will help you understand how we review these common health conditions. Download the Top Ten Long-Term Care Considerations guide now! If you need additional assistance, contact our LTC underwriting pre-screen team at ltcunderwriting@mutualofomaha.com or by phone at 800-551-2059. Top Ten Long-Term Care Considerations #goldencareagent #mutualofomaha
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Advanced Markets Minute – March 2023
LTCi as Asset Protection Welcome to the Advanced Markets Minute in both print and audio form. Today’s article is called “LTCi as Asset Protection.” Listen Now Your clients could face threats to their assets from taxes, creditors, lawsuits…a variety of sources. But perhaps the biggest threat to their assets is their own health. If your client needs long term care for an extended period of time, their assets could evaporate just as quickly as with any lawsuit or creditor. Luckily, there is asset protection available against the health threat. Long-term care insurance is health insurance, but it should also
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Session Recap: Long-term Care Insurance for Asset Protection
On March 8 we hosted our second Advanced Markets training webinar of 2023. The Long-term Care Insurance for Asset Protection session focused on how both traditional LTC as well as life insurance with an LTC rider can help protect your client’s independence, assets, and family by planning for long-term care needs. For those of you who were unable to attend or would like to review the information, you can listen to and watch the recording. View the Long-term Care Insurance for Asset Protection Recording View the Long-term Care Insurance for Asset Protection PowerPoint Slides *NOTE: The recording and slides are
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Long-Term Care Clients Have Choices
It’s good to have choices. Mutual of Omaha’s long-term care policies allow insureds to choose how they prefer to receive policy benefits – either cash up front or traditional reimbursement. While other companies may offer cash, Mutual of Omaha’s cash benefit has no elimination period. That makes this concept well suited for: People who worry their policy may not pay for the type of care they need in the future People who like to make sure all their bases are covered People concerned about having to satisfy an elimination period before policy benefits begins Read the Sales Idea to learn
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Paid Long-Term Care Insurance 2022 Claims Grow
Long-term care insurance companies paid out a record $13.25 Billion in 2022 according to the American Association for Long-Term Care Insurance (AALTCI). “Claim benefit payouts for policyholders with traditional long-term care insurance coverage grew from $12.3 Billion in 2021,” reports Jesse Slome, AALTCI’s director. “The increase in benefit payouts is expected as policyholders age and start to require care.” For calendar-year 2018 the Association reported that long-term care insurers paid out $10.3 Billion. According to Slome, the amount reported represents claims for those owning traditional or health-based long-term care insurance. “Data for linked-benefit policies is harder to calculate because there
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NGL EssentialLTC Updated 2023 Tax Summary
Updated 2023 Tax Summary The Tax Summary has been updated to include the changes to 2023 Eligible Long Term Care Premiums (ELTCPs). The flyer is a great way to find out the tax advantages LTCi has for individuals and businesses. Below are last year’s and this year’s ELTCPs for your reference. 2022 ELTCPs: 2023 ELTCPs: The Tax Summary will be available on the Agent Resource Center under Marketing Tools category under the Sales & Marketing tab beginning Friday, January 13, 2023. For agent inquiries contact your dedicated Agent Services Team at 888-505-2332 or status@ngl-essentialltc.com. For sales questinos contact
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Advanced Markets Minute – January 2023
SECURE 2.0 Welcome to the Advanced Markets Minute in both print and audio form. Today we’re going to discuss key provisions of Division T of the Consolidated Appropriations Act of 2023, better known as SECURE 2.0 Listen Now After widespread bipartisan support, the long discussed SECURE 2.0 has passed both houses of Congress and was signed into law by President Biden on December 29, 2022 Just like the SECURE Act of 2019 made significant changes to retirement accounts, SECURE 2.0 implements many more changes and expands on some changes made by the original Act. The new law has close
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Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
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Consolidated Appropriations Act of 2023, Division T, insurance, long-term, Long-Term Care, long-term care insurance, LTC, LTC insurance, LTCi, LTCi protection, Mutual, mutual of omaha, Mutual of Omaha Insurance Company, omaha, secure, and SECURE 2.0.
Advanced Markets Minute – December 2022
LTC Self-Insurance or Self-Delusion? Welcome to the Advanced Markets Minute in both print and audio form. Today’s article is called “LTC Self-Insurance or Self-Delusion?” Listen Now When it comes to planning for long-term care expenses some clients say they would rather self-insure, or in other words, pay the cost of care themselves. They probably don’t self-insure against auto accidents, home fires, or medical costs, but somehow self-insuring against the risk of needing long term care makes sense to them. Many who say that may not understand what the actual cost of long-term care will be and, in reality, cannot
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