Please refer to the previously released communications regarding the new MutualCare® Solutions LTC product. Arizona and North Dakota will launch March 1, 2014.
Mutual of Omaha is excited to announce a new long-term care insurance portfolio, MutualCare® Solutions (LTC13). This portfolio will be able to support you and your LTCi sales and addresses the needs of the changing LTCi marketplace. Look for MutualCare® Solutions to have new pricing strategies and various packaging; which will continue to support this valuable product lines longevity and remain a strong member in the long-term care industry.
The two products, MutualCare® Secure Solution and MutualCare® Custom Solution, are valuable options for clients who worry about relying on their families for care, staying home as long as possible, or protecting their retirement nest egg.
Features with MutualCare® Solutions:
- Compensation has been revised to be more competitive in the marketplace
- Sex-distinct rates
- Issue ages now 30-79
- Revised Benefit Levels and Periods
- Improved benefit definitions including a new definition of couples that now includes partner
Transition Rules
Please review the rules and dates regarding the transition to MutualCare® Solutions for Arizona and North Dakota:
- MutualCare® Solutions replaces Mutual Care® Plus (LTC09M) and United LTCi Solutions (LTC09U), in the states that have been approved
- February 28, 2014- Applications for Mutual Care® Plus and United LTCi Solutions (LTC09U), must be signed on or before this date
- March 7, 2014– The last date applications will be accepted in the Home Office for Mutual Care® Plus and United LTCi Solutions (LTC09U). No exceptions will be made
- Any pending applications will be processed as applied for
- To change a pending Mutual Care® Plus or United LTCi Solutions (LTC09U), application to the new MutualCare® Solutions application, a new application will be required along with a written statement advising to withdraw the current application