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Mutual of Omaha Releases New LTC Portfolio
Omaha, Neb. - (June 3, 2009) Mutual of Omaha has introduced the next generation of long-term care insurance products with more product options and enhanced features to address a variety of sales situations.
Two LTC product portfolios available from Mutual of Omaha (Mutual Care® Plus) and United of Omaha (United LTCi Solutions) offer:
- Pre-packaged plans for agents and clients who prefer the simplicity and affordability of packaged benefits.
- Customizable products that allow agents the flexibility of building a plan to meet a clients' specific needs.
- Individual and Multi-life products for those who specialize in the small business market.
Two distinctive product features include modified guaranteed issue underwriting available on multi-life products and a single premium option available on individual products. All products offer a built-in cash benefit feature, which provides cash on the first day of qualified need with no elimination period to be satisfied. This feature allows the flexibility to:
- Choose to receive policy benefits as cash or traditional reimbursement.
- Use the cash option to pay for anything - family travel expenses, lost income for a family caregiver, housekeeping services or other out-of-pocket costs.
- Stay at home longer while determining a formal plan of care.
Products are currently available in 22 states and approval is pending in several others. For more information or for appointment to sell, contact 1-800-693-6083.
Mutual of Omaha is a full-service, multi-line organization providing insurance and financial products for individuals, businesses and groups throughout the United States. For a century - through recessions, wars and even a Great Depression - Mutual of Omaha has kept our promises to our customers. That will not change. Today, despite the challenging economic environment, Mutual of Omaha is strong, stable and secure.