LTC Sales Idea: Return of Premium
If you have clients who don’t want to end up paying premiums for something they may never use, there’s a feature of the policy that can help ease their concerns.
Mutual of Omaha Offers Three Return of Premium Options:
Add an optional Return of Premium rider to a long-term care policy.
Here’s how it works: If the insured dies while the policy is in force, premiums paid minus any policy benefits received by the insured are refunded to the insured’s beneficiary.
| ROP Benefit | ROP Three Times the Maximum Monthly Benefit Less Claims Paid | ROP if Death Occurs Before Age 65Less Claims Paid | ROP at Death Less Claims Paid |
|---|---|---|---|
| How it Works: | Refunds no more than three times the maximum monthly benefit of the policy | Refunds premium if the insured dies prior to his or her 65th birthday | Refunds premium upon the death of the insured |
| Available On: | MutualCare® Custom Solution MutualCare® Secure Solution | MutualCare® Custom Solution | MutualCare® Custom Solution |