LTC Case Monitoring Enhancement
Mutual of Omaha is continually evaluating opportunities to improve our business processes and tools to help you get your applications issued quicker. We are excited to announce a new case monitoring enhancement.
The case monitoring dashboard on Sales Professional Access has been updated to display more accurate and detailed requirements.
Examples of the new Requirement Headings are illustrated below
As always, if you have any questions regarding your case status or any outstanding requirements, please reach out to Case Management at 800-275-5528.
LTC E-Application Training Video
Producers who have used the LTC e-App agree it’s the easiest way to submit LTC applications. Some advantages to the e-App are:
- Offers the ability to view and/or print state filed forms at any time
- Reduces application scrubbing time
- You choose the method of signature collection
To watch a tutorial about the LTC e-App, click here.
Using Inflation Protection to Reach Desired Premium
LTCi Sales Ideas
Using Inflation Protection to Reach a Desired Premium
The Need
The cost of everything from gas to groceries is certain to be higher down the road. The same is true for long-term care services. That’s an important reason to recommend your clients purchase a long-term care policy and that they include an inflation protection rider for an added measure of security.
Today’s Reality
At today’s prices, most people simply can’t afford to pay for long-term care services out of their own pockets. With the national average cost of a home health aide approaching
$60,000 per year, a one-bedroom unit in an assisted living facility costing over $52,000 and a private room in a nursing home at almost $100,000, it’s easy to see the value an LTCi policy provides. But fitting a premium payment into an already tight budget still can be challenging.
The Solution
With the variety of inflation protection options available on a MutualCare® Custom Solution policy, you can easily tailor a plan of coverage to arrive at an acceptable premium amount. Adjusting the inflation duration and inflation percentage gives you the ability to meet the needs and budget requirements of any client.
Three Inflation Protection Strategies
Let’s assume you have a client who can afford to spend $200 per month for long-term care insurance. Here are three different inflation protection strategies you could use to reach the desired premium:
