7.6 million individuals currently receive care at home because of acute illnesses, long-term health conditions, permanent disability, or terminal illness. And today, someone turning age 65 has almost 70% chance of needing some type of long-term care services and support in their remaining years. Read our Sales Idea to better understand how you can help clarify the misconception that an LTCi policy only covers care in facilities like nursing homes. And discuss the multiple care options that long-term care insurance offers clients as they age. If you have any questions, please contact Mutual of Omaha’s Sales Support at (800)
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Help Clients Plan for the Rising Costs of Long-Term Care Services
Historically, the cost of long-term care services has increased approximately 5% per year—a trend that isn’t expected to end anytime soon. Clients may be concerned that a policy today may not have adequate funding to address their increased costs in the future, that’s why we offer an Inflation Protection rider on the MutualCare® Custom Solution policy. This allows clients to tailor a plan of coverage to meet their current budget requirements while adjusting for the future increased expenses of LTC services. Read the concept flyer to learn more. Help Clients Plan for the Rising Costs of Long-Term Care Services
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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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Inforce LTCi Rate Adjustments Effective June 1, 2024
Mutual of Omaha actively monitors our inforce long-term care business, filing rate adjustments when necessary to ensure we keep our promises to policyholders and remain competitive in the marketplace. We will be implementing the following inforce rate adjustments effective June 1, 2024. Impacted Forms Impacted States LTC04I Vermont LTC0417 Vermont LTC09M Vermont LTC06UI Vermont LTC09U Vermont LT50, NH50, HCA, HCAQ, LTA, LTAQ, NHA and NHAQ South Carolina For details on yearly rate adjustment percentages, view the supplemental grid here. Policyholder Notification Process Policyholders will receive a letter notifying them at least 60* days prior to the premium rate
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New Long-Term Care Insurance Application in New York
The New York MutualCare® Solutions application has been updated to reflect changes in the outline of coverage disclosure issued by the New York Department of Financial Services. This is to comply with Chapter 655 of the Laws of 2023. As of March 18, 2024, the new application is available via e-application and paper on Forms and Materials within Sales Professional Access. If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or e-mail sales.support@mutualofomaha.com. New Long-Term Care Insurance Application in New York #goldencareagent #mutualofomaha
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AM Best Affirms Mutual of Omaha’s Financial Rating
AM Best Affirms Mutual of Omaha’s Financial Rating AM Best performed their annual rating committee review on Mutual of Omaha and affirmed our financial strength rating of A+ (Superior) with a stable ratings outlook. The ratings reflect Mutual of Omaha’s balance sheet strength, which A.M. Best categorizes as very strong, as well as our strong operating performance, favorable business profile and appropriate enterprise risk management. Mutual of Omaha’s favorable business profile is anchored by its diversification of products and our multiple distribution channels leading to our capitalization level being very strong and considered favorable relative to our peers. For more
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Accident Insurance, Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
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Mutual of Omaha Celebrating 115 Years
March 05, 2024 Today marks Mutual of Omaha’s 115th anniversary. On this day in 1909, Dr. C.C. Criss acquired the charter of Mutual Benefit Health and Accident Association, along with his wife, Mabel, and his brother, Neil. The Criss family had a vision to offer affordable, simplified insurance policies that helped protect policyholders from financial loss. They reached new customers who had previously been underserved by the insurance industry. And they backed their policies with superior customer service. Those same founding ideals remain hallmarks of our noble purpose today. The Criss family’s legacy has been carried on by tens of
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Accident Insurance, Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
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New Episodes Available on Mutual of Omaha’s Wild Kingdom: Protecting the Wild
Sixty years after its original debut, Mutual of Omaha’s Wild Kingdom has been one of the most loved and respected wildlife programs in television history. During the Saturday “The More You Know” programming block, on NBC, you can find the next generation of wildlife enthusiasts that highlight species under threat of extinction in our modern world. “Mutual of Omaha’s Wild Kingdom: Protecting the Wild” showcases episodes that feature the work of caring and compassionate conservationists including scientists, wildlife experts and even members of the public; in a format that is easy to understand and can be enjoyed by the whole
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Your Clients Want to Stay at Home to Receive Care
Did you know that someone turning age 65 today has almost a 70% chance of needing some type of long-term care services in their future? Most people prefer to have their care in their own home rather than a facility. Mutual of Omaha’s Long Term Care product offers up to four different ways to help keep clients in their home for as long as possible. Help Your Clients Stay at Home Sales Idea. If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or e-mail sales.support@mutualofomaha.com. Your Clients Want to Stay at Home
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The Next Steps After Submitting the Application
Preparation is the key to a successful health interview. You just completed a long-term care application. Before ending the conversation, make sure your clients know what happens next. Preparing clients for the underwriting process can go a long way toward ensuring their applications get issued. Why? An interviewer may mistakenly assume confused applicants have cognitive issues that make them uninsurable. When in reality, an applicant may simply be distracted or not fully prepared to answer questions about their health, their doctors and their medications. Mutual of Omaha has a handy leave-behind brochure you can use to walk your clients through
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Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
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