fbpx
Mutual of Omaha | Washington State Long-Term Care Insurance Product Offering Update

June 7, 2021

In efforts to support the Washington State Cares Fund initiativeMutual of Omaha implemented underwriting and commission changes for applications received from the state of Washington, including:

  • A 100% chargeback for policies issued May 19, 2021 – November 1, 2021, and lapsing within the first policy year.
  • Declining applications for clients not seen by a physician in the last 24 months. 
Mutual of Omaha

However, due to continually increasing application volumes from the state, Mutual of Omaha must make additional modifications. Effective immediately, we are instituting the following adjustments to the MutualCare® Solutions product offerings for the state of Washington:

  • Increasing minimum issue age to 40 
  • Increasing minimum monthly benefit to $3,000
  • Increasing minimum inflation option to 3%, lifetime duration

To process applications not meeting the minimum requirements listed, paper and e-applications must be received at Mutual of Omaha on or before June 11, 2021. No exceptions will be made. 

By taking steps to ensure Washington residents purchase a long-term care policy for the security and benefits it provides rather than a means for exemption from the payroll tax, Mutual of Omaha is upholding our responsibility as a leading LTCi provider.  

How You Can Help 

  • Help clients understand the value of a long-term care policy designed to offer peace of mind for themselves and their families by explaining key product benefits.
  • Speed up processing time by emailing completed applications directly to epsupport@LTCG.com, or faxing copies to (888) 539-4672.
For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

0 Comments

Submit a Comment

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

CallEmail