Since 1987, long-term care insurance has been – and continues to be – a core product for Mutual of Omaha. In fact, an important part of our 2018 corporate strategy focuses on providing our customers with viable long-term care planning solutions.
On July 1, we now have an additional option to help meet your clients’ long-term care planning needs. A new Long-Term Care Rider is available on our Income Advantage and Life Protection Advantage Indexed Universal Life (IUL) insurance policies.
The LTC Rider provides:
- Benefits for Nursing Home, Assisted Living, Home Health Care and Adult Day Care
- Maximum total benefits up to 100% of the initial specified death benefit
- 1%, 2% or 4% monthly acceleration percentages
- One-time, 90 calendar-day elimination period
- Automatic issue of the Chronic Illness Rider if the client doesn’t qualify for the LTC Rider coverage
Our introductory flyer covers the LTC Rider basics.
State Approvals
The new Long-Term Care Rider is currently available in all states except Arizona, California, Delaware, District of Columbia, Florida, Hawaii, Indiana, Montana, New Jersey, North Dakota, South Dakota, Virginia, and the Virgin Islands.
We will continue to notify you as additional LTC Rider state approvals are received.
Illustration Software & Marketing Materials
- The Long-Term Care Rider is now available for quoting on Winflex and Winflex Web
- Our Long-Term Care Information and Underwriting Guide provides you with all the information you need to sell the new LTC Rider
- A new Long-Term Care Rider Client Brochure has been created to provide your client with detailed information on the features and benefits of the rider
If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com.
The New Long-Term Care Rider is Here!
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> Related: LTC Rider Supplemental Applications
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