An Old Friend Helps With Long Term Care Needs: Mutual of Omaha
It's typically agreed upon that in the world of insurance, Mutual of Omaha is a name to be trusted. Founded in 1909, the company has consistently provided quality insurance coverage in a variety of areas.
In addition to health insurance and life insurance, Mutual also offers more than adequate coverage for long term health care needs. Additional policies include: Medicare Supplemental, Disability, Critical Illness, and Medicare D plans.
A recent online survey that was conducted on a national level revealed that more than 67% of the company's customers who purchased the (Mutual Care) long term health insurance Mutual of Omaha offers were satisfied with their coverage and their service overall.
The plan boasts easy to understand coverage at affordable rates, and the public at large seems to agree with that assessment. Here are some of the features Mutual Care offers.
- Coverage of $100 per day for each day of eligibility, with options for up to $300 per day.
- 20-year (or lifetime) compound inflation protection. (The daily benefit amount and maximum lifetime benefit increase at 5% compounded annually.)
- A choice of coverage for a three or five year benefit period.
Additionally, the long term health insurance Mutual of Omaha introduced in 2006 grants optional features for tailor-made coverage. For instance, there are shared benefit plans for eligible spouses so one spouse can tap into the other's benefit should their own become exhausted.
Factor in Mutual Care's non-forfeiture benefit should you need to cancel your policy and you have a recipe for good, honest coverage that can be tailored to your individual needs. The plan pays for care at home, in an assisted living facility, or in a licensed nursing home.
Besides Mutual Care, there are two other highly praised long term health insurance Mutual of Omaha plans: Long Term Care 1, which is basic coverage that can be tailored to your needs; and Long Term Care 2, which offers the same benefits as LTC-one, plus additional benefits.
When it's time to consider an LTC insurance policy, it's important to look for a company that is actively committed to the market. Mutual of Omaha has demonstrated firm commitment to helping people plan for their LTC needs since 1987.
Their history and reputation speak for themselves. Study this new long term care review and find out how to control your long term care costs. The long term health insurance Mutual of Omaha provides its customers is a good, quality product that offers solutions to LTC problems.
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