Mutual of Omaha is out to make purchasing long term care insurance coverage easier for consumers. The company introduced Mutual Care, a new addition to its LTCI portfolio. Mutual of Omaha took the most popular facets of basic LTCI coverage and put them into Mutual Care:
- Choice of three- or five-year benefit period
- Coverage of $100 per day for eligible LTC services for home health care, assisted living or nursing home care
- 20-year compound inflation protection
Customers can choose from a limited number of options:
- A different daily amount, up to $300
- Lifetime compound inflation protection or no inflation protection
- Shared benefit feature for spouses
Discounts and preferred rates are available, too. Based on the following criteria, consumers can pay less for a policy:
- Good health
- Members of qualifying associations
- Workplace purchases
- If a spouse or other adult living in the household purchases a policy
- People who are married
- People who own Mutual of Omaha Medicare supplement policies
For more information, visit www.mutualofomaha.com.
