Mutual of Omaha Policy Options
Mutual of Omaha offers two different long-term care policies. Both of which provide coverage for facility care, hospice, and in-home care; however, they differ in terms of customization.
MutualCare Secure Solution Long-Term Care Insurance
The more traditional option, Mutual of Omaha’s Secure Solution Long-Term Care Insurance, covers qualified long-term care services and helps protect your retirement savings. Depending on your preference, this type of policy can provide between $1,500 and $10,000 in monthly reimbursement for long-term care.
This policy also includes an optional 30% cash benefit, waivers for your premiums while receiving long-term care (either in-home or in a facility), and care coordination. The latter is a service that matches you with a licensed care professional who will help create a holistic approach to your care needs.
Inherently straightforward, Secure Solution is an ideal option for those who want simple coverage for care services.
MutualCare Custom Solution Long-Term Care Coverage
For those who want to customize their long-term care coverage, Custom Solution Long-Term Coverage provides greater flexibility over the type of benefits you receive. While it comes at a higher premium, this type of policy includes all of the Secure Solution benefits, as well as greater elimination of waiting periods, multiple options for inflation protection, and a 40% cash benefit.
Monthly benefits with the Custom Solution range from $1,500-$10,000. In the event that you never need to use your policy –– meaning long-term care is never needed –– this policy offers a return of premium at death. In other words, your loved ones could still benefit from your policy to pay for end-of-life expenses.
This Custom Solution coverage is ideal for those who have a specific plan for long-term care; that is, someone who potentially knows the type of care they want and how much it might cost.