Mutual of Omaha
Mutual of Omaha is one of the nation’s top long-term care insurance providers, backed by a solid financial rating and more than 100 years’ experience in the insurance industry. As a privately-held mutual insurance company, it is owned by its policyholders. This allows it to focus on the needs of its customers, and it is this dedication to customer service that has helped it thrive for more than a century. In addition to long-term care insurance, Mutual of Omaha offers life insurance, disability income insurance, Medicare supplement coverage, financial services products, and more. They are licensed to sell insurance in almost every state.
Long-Term Care Insurance Policies
The long-term care insurance policies offered by Mutual of Omaha are some of the most flexible on the market and provide clients with plenty of options to help meet their unique needs. Notable features and options include inflation protection, shared care, alternate care, cash benefits, a cash alternative payout of up to 40%, and a zero-day waiting period for in-home health benefits. They also offer a spouse security benefit option as well as some nice discounts. Mutual of Omaha’s prices are generally fair, and their policies are definitely worthy of consideration.
Reputation and Financial Strength
Mutual of Omaha is a financially solid company which enjoys good scores from some of the leading independent rating agencies: it received an A+ (superior) from A.M. Best, an AA- (very strong) from Standard & Poor’s, and an A1 (good) from Moody’s Investors Service. These ratings are important because a company’s financial strength helps to determine its ability to pay out future claims. Reviews.com rated it the best company for “robust” long-term care coverage thanks to its policies’ flexibility, quick access to benefits, and coverage of independent home caregivers. Mutual of Omaha also has reasonably good customer feedback, especially in terms of customer service, though some people do report difficulties in getting their claims paid in a timely manner.
Be sure to take a look at our other articles to learn more about insurance companies offering long-term care policies. Remember – every policy and every company is different, and it pays to do your research and shop around.
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