Group Supplemental Health

Long-Term Care Insurance

What to Know Before Applying for Long-Term Care Insurance

Many factors go into evaluating long-term care insurance applications and whether people are eligible for coverage. The more informed you are about those factors now, the more confident you and your agent/producer can be about your decision whether to proceed. The following is a partial list of the kinds of conditions and situations that we consider when reviewing applications and underwriting coverage. Please:

1. Read the Pre-submission Underwriting Considerations. 

2. Review the Disqualifying Conditions.

3. Discuss your health history with your agent if any of these apply to you and you’re wondering whether you would qualify for coverage.

4. If you are unsure you will qualify for coverage due to an existing health condition, talk to your agent/producer about completing a pre-health qualification questionnaire before submitting your application. These questionnaires range in conditions from diabetes, arthritis and COPD. That will help determine whether Mutual of Omaha Insurance Company would be able to insure you and at what rate class and benefits.

5. Discuss with your agent/producer what to expect during the underwriting process and personal health interview should you decide to submit an application.

When you’re considering long-term care insurance, you have a lot of options. Most policies provide similar coverage for long-term care services you receive at home, in an assisted living facility or nursing home. But in addition to these similarities, there are some significant differences. That’s why it’s so important to make sure the policy you select works the way you want and need it to work when it’s time to make a claim.

Critical Illness ( Cancer Insurance Heart Attack/Stroke Insurance)

Designed with your client’s recovery in mind The Critical Advantage portfolio pays a lump-sum benefit of diagnosis of a covered condition. And with health care premiums rising and increases in treatment costs, many of your clients will be looking to help cover the difference between expenses and existing coverage.

The Critical Advantage portfolio includes three options with numerous price points and options to fit almost any situation or budget.

THREE PRODUCTS Critical Illness Cancer Insurance Heart Attack/Stroke Insurance

SIMPLE & DIRECT Upon diagnosis of a covered condition, a check is sent to the policyholder, not the health care provider. No receipts or medical bills necessary. Payment is to them, to use any way they choose. Examples include: Replacing lost income while the client is off work Keeping up with ongoing living expenses Paying health insurance deductibles and copayments Hiring home health care or child care services Traveling to treatment facilities

CLEAR NEED Almost everyone knows someone who has been diagnosed with one of the illnesses covered under the Critical Advantage portfolio. And with the health care costs shifting in recent years, the need has never been greater. So, most people will quickly see the value of these policies. In addition, the Critical Advantage portfolio offers a number of flexible benefits and options. Coverage Options: Lifetime or Term (10, 15, 20 or 30 years) Individual, Single Parent, Family Face Amounts: $10,000 to $100,000 Simplified Underwriting.

Retiree Health Care Strategy

See how our robust and comprehensive portfolio of retiree options can match your business objectives.