Compass

Mutual of Omaha- Long Term Care Rider Option (6/27/18)

From Mutual of Omaha:

On July 1, we will introduce an additional option to help meet your clients' long-term care planning needs. A new Long-Term Care Rider will be available on our Income AdvantageSM and Life Protection AdvantageSM 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. 
  • This Introductory Flyer covers the basics.