Industry News

Mutual of Omaha – LTCi Modifications

The following adjustments will be made to Mutual and United of Omaha Long-term care insurance business:

  • Suspension of Lifetime Benefit option.
  • Suspension of Limited Pay options (excluding Flex to Age 85).
  • Suspension of Multi-life sales.
  • Compensation will be cut by 15% in most states.
  • Mutual of Omaha will not be able to accommodate requests for Long Term Care compensation level changes until further notice.

For the full description and statement of implementation of these changes after August 1, click here: MUTUAL OF OMAHA – Benefit & Compensation statement 7-2012.

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