Mutual of Omaha Disability Income

Disability insurance can come in really handy for those people who have to take a sabbatical from work due to some form of illness, injury or other reasons. The proceeds derived from an Mutual of Omaha disability income plan could help cover a major portion of your monthly expenses. The proceeds can be derived from the plan until the investor is deemed disabled as per the terms of the contract. Expenses that include mortgage can be substantial on a monthly basis.

Hence in many ways an Mutual of Omaha disability income can be very beneficial for families in which an earning member has been incapacitated for a particular period of time. The coverage provides financial succor to the family and the proceeds from the plan could be used to address a major portion of the family’s expenses, which could include- mortgage, groceries, fuel, student tuition and other costs. Many people consider it as a form of ‘paycheck protection’ for the investor if something untoward were to happen.

The products plans that fall under this insurance are easily renewably as long as the investor keeps up his payments on his or her premiums. Renewals can be made until the age of 67. For business operating expense policies the age for renewals has been set at 65.

When is it a good time to buy Mutual of Omaha disability insurance?

The most ideal answer as to when to go in for a comprehensive disability plan would be is now. The quicker you adopt one of these products, the better protected you will be. And here are some reasons on why a disability coverage could be extremely beneficial.

Disability usually leads to loss of income for the investor. A disability plan would help the investor to meet the monthly and other lifestyle expenses. 

Injury or medical related disabilities could happen to any one and at any age.  Once the disability has occurred it would be too late to go in for a comprehensive insurance cover. 

Also the rate of premiums is highly dependent on the investor’s age during purchase. The older you get, the costlier the package becomes.

The choices that fall within Mutual of Omaha’s Disability portfolio:

Accident Only short-term disability

This type of policy can come in handy if you become disabled for a short-term basis due to an accident. However this form of cover does not provide financial assistance, if the investor’s disability was caused due to sickness or by an already inherent medical condition. As a result the premiums for this kind of plan is generally quite lower compared to the rest.

Short-term disability

In this kind of policy the disabled can draw monthly benefits from the plan. The cause for the disability could either be medical or accident related. An appropriate package with required set of premiums can be chosen after going through the many specifics of the plan. The policy has to be chosen after considering factors like benefit period, elimination period and other riders that are a part of the plan.

Long-term disability

This kind of coverage offers much better coverage to the investor as he or she would be required to pay higher premiums for a longer period of time. The plan is also more customizable and comes with several riders that can be formulated to cater to your specific needs. The long term benefits that can be derived from this package are more comprehensive and substantial than short term based disability income products.

If the person has been diagnosed with a terminal form of illness, then it is possible to accelerate up to twelve months of benefits through the disability income plan.

Business operating expense

This is another crucial form of disability insurance that can help entrepreneurs and businessmen. When you run a business enterprise there are a lot of expenses that need to be factored in. These include – employee salaries, office rent, maintenance and stationery costs, taxes and other such expenses. As an entrepreneur even if you have adequate individual insurance, managing to all these costs to ensure that your business runs smoothly could be a challenging and overwhelming task if you were to become disabled for a particular period of time. A disability income insurance of this kind will help the entrepreneur to cater to all the business needs and provides financial protection to your company.

   
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Mutual of Omaha Long Term Care Insurance

Long-term care (LTC) insurance is form of insurance plan to help provide a gamut of services to people who need help taking care of themselves. This may be due to some form of injury or medical condition that may incapacitate the person. The possibility could also include natural ageing of people who needs extra care and supervision towards the end stages of their life.

There is common perception that LTC is referred to people with plan joining an old age or nursing home. But the long-term policy s more advanced than that and provides a variety of services for people who own them. For starters the owner can avail a lot of services right from the comforts of their homes depending on the kind of insurance package they have drawn for themselves.  This kind of policy also enables ageing people to live independently on their own for as long it would be deemed possible.

Benefits of buying Mutual of Omaha long term care insurance: 

Deriving long term care services from the comforts of your homes

This kind of policy comes along with home care benefits which means that the investor can make necessary arrangements to be cared for right at his or her own home. Alternatively the policy also allows the investor to seek the care from nursing homes or other assisted facilities if its felt a greater degree of care is required.

Getting the right kind of long term insurance policy for yourself

One kind of long term insurance policy might not be apt or appropriate for every individual. Which is why in Mutual of Omaha long term care insurance, it is possible to customize the purchaser’s requirements down to specific needs. Hence it is very crucial to go through the agreement in great detail before signing on the dotted line. A complete understanding of the carious clauses pertaining to coverage and other data is important so that the right kind of policy is bought. We also have a prepackaged long term plan that covers services most often prefer to have their policy. Study both types before you decide on the one of your choice and make an informed decision based to that effect.

The investor can receive policy benefits in the from of cash

Mutual of Omaha long-term care insurance allows the purchaser to receive cash benefits as part of the policy plan. This makes it possible for the investor to enjoy greater flexibility when it comes to utilization of the product plan. 

On one hand the investor can draw cash from the plan to make way for payments of any kind of care he or she chooses.

Another option would be to go in for reimbursement to cover long-term costs that may occur.

Long-term care is a smart investment

Most people are going to age and almost are going to need some form of assistance or care in somewhere down the line. By planning ahead on your policy, it becomes possible for the investor to pick the right kind of policy so you can live your life post retirement on your terms without having to worry about money.

You do not have to touch your life’s savings

By going in for a comprehensive long-term package, it becomes possible for the person to not dig into ones life savings. Long-term care costs are going to be substantial and it makes very good sense to buy an insurance package.  By going in for a plan, the policyholder is also able to leave behind a reasonable inheritance package for his or her beneficiaries.     

Types of long term services in greater detail:

Home Health Care

A lot of elderly people prefer to live in their homes and receive some sort of assistance for tasks that are difficult for them to achieve.  A policy of holder of Mutual of Omaha long-term care can do the following:

Employ a house aid or homemaker who can help you around with daily chores required to run the household.

Employ a health maid who will take care of all your medical requirements such as timely consumption of medicines and other personalized care services.

Periodic visits from nurses who will conduct routine medical tests to check on overall health of the policyholder.

Assisted Living

This kind of arrangement is ideal for people who are unable to look after themselves entirely in their homes and yet prefer to live independently rather than join a traditional nursing home. These kinds of residents usually do not require round the clock medical attention and assisted living can be a suitable form of arrangement for these people. Policyholders from this plan can live usually in their own apartment while also having access to routine long term care services such as recreation, meals and other aspects that are part of the coverage.

Nursing Home

A lot of people may require 24 hours supervision and care from professionals. These could include people are suffering from illnesses such as Alzheimer’s or paralysis which require full time care. A lot of people also join nursing homes because of the many programs offered in these homes, which makes it possible for residents to interact with others. These homes often conduct cultural activities, gardening programs and other forms of entertainment to promote a greater sense of camaraderie among the residents, which also greatly helps to improve their quality of lives.

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Mutual of Omaha Critical Illness Insurance

Critical illness insurance packages provide the investor with a lump sum cash payment once a diagnosis has been made. The cash benefit is obtained tax deferred and the individual could choose to spend or settle the amount in any way in which he or she deems fit.

Advancements in technology has made it possible for people to gain access to best medical practices available on the planet. The average life expectancy in the year 1900, was centered around 46.3 years. By the year 2010 this number has risen to 75.7 years, which is indicative enough of the quality of treatment that is on offer to the masses. Unfortunately the cost of treatment continues to remain high making it a very expensive ordeal for those without a comprehensive insurance policy.

As a result more and more diagnosis of people suffering from some form of critical illnesses is being made. By the end of 2010, more than 1.5 million new cancer cases have been reported. With improvements in medicine, survival rate for cancer patients has increased to 50% between the years 1999 to 2005.

People with heart trouble have also shown remarkable improvement in their condition over the past few years. By the end of October 2009, it has been reported that close to 88% of patients who underwent heart transplant surgery have been able to survive past their first year of the operation while 72% have been able to survive post 5 years.

If a person were to be diagnosed with a critical form of illness, the person may still face several financial hurdles, as his or her particular insurance policy might not provide the necessary cover to avail treatment.

Going in for a comprehensive critical illness plan can be a good option for a lot of individuals when you consider the amount of costs involved once the diagnosis has been made. Since the individual receives a lump cash sum as payment, it becomes possible to cover all expenses related to the treatment of the particular illness.

Mutual of Omaha’s critical illness insurance package has been carefully drafted by the company to cater to various life threatening ailments that require extensive care and medical supervision. With a critical illness plan the investor has taken care of some of his most immediate needs. These include:-

Access to the kind of treatment that is required to treat the illness.
You do not have to sell of your assets to afford for treatment.
You can recuperate with the company of family and friends without having to worry about your financial state.


Mutual of Omaha critical insurance pays 100% of the maximum benefit that arises from your coverage for the following illnesses or medical conditions. Some of these include:

• Stroke 
• Transplant of a major organ in the body 
• Alzheimer’s disease 
• Cancer related illnesses that can be very life threatening 
• Heart attack (myocardial infarction)
• Kidney failure 
• Deafness 
• Blindness 
• Paralysis

Apart from these Mutual of Omaha critical insurance can also be used to provide maximum coverage of up till 25% from your policy for health condition such as:

• First coronary angioplasty
• First carcinoma in Situ
• First coronary artery bypass surgery

Analyzing your medical needs

There are several forms of insurance covers that are available in the market. However all these products might not satisfactorily provide adequate coverage for all essentials that form a part of your treatment. Quite often we see many cases, where the patient has experienced difficulty in making payments for services that are not part of their existing insurance policy

 Hence in many ways it makes perfect sense to go in for a comprehensive critical illness plan that can effectively satisfy all your needs and enable you to receive the best possible treatment. With an Mutual of Omaha critical illness insurance plan one could draw cash benefits once the form of illness has been diagnosed.

These proceeds could later be used by the patient to address expenses such as:

• Medical bill payments 
• Holiday outing with the family 
• Mortgage expenses 
• Hiring a professional help to you while you recuperate

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MedAmerica Transitions Short Term Care Insurance

Short term insurance is a good and affordable alternative to long term insurance policies. These policies are considerable less expensive than other traditional insurance products making it ideal for people on the lookout for cheaper but effective coverage options. It is also easier to qualify on a medical basis through short term or recovery insurance policies.

In many ways short-term care would come in handy for people to deal with the unexpected. It could act as a temporary form of arrangement and provide coverage for expense such as medical care and assisted living. Quite often we see people getting affected with some form of chronic medical condition or injury, which might have come about during an unexpected time.  Recovery from this

condition might require treatment from an assisted facility or adult day care.

  

This gives the investor space and time to plan for a more comprehensive package for the future while also having an efficient short term policy to cater to current and immediate needs.  The client can then adopt for long term care if he or she feels its necessary.

 

MedAmerica transitions products are a very popular option for short-term care insurance policies. The company has been providing comprehensive financial assistance for families since 1987 and has achieved high rating points in the insurance industry.  It is known to be offering high quality products accompanied by hassle free service for quite a while now.

Client benefits associated with MedAmerica insurance

·         Includes getting waivers of premiums

·         Comes with a daily gap along with a lifetime pool of cash value.

·         Bed reservation for a period of 21 days

·         Respite care for a period of 14 days

·         Spousal discount of up to 10% 

Agent benefits associated with MedAmerica insurance

·         Requires quick and simple underwriting

·         The application process is easy with simple yes/no types of questions

·         Rate of processing is quick and efficient.

·         Advancing available for up to 9 months

Benefits of MedAmerica Transitions Short Term Care Insurance

This form of policy makes payment of actual charges with a daily cap up to the tune of $50-300 iin the form of 10 installments.  This also comes with a lifetime pool of money which can be equaled to daily benefits  (choices of 100, 200 and 360).

The option of lifetime cap can be restored provided there is no requirement for 180 days.

There are other hosts of benefits that come with this short-term product from MedAmerica. These include 21-day bed reservation, premium waivers and 14 days of respite care.

Benefits can be derived with 2 out of 6 ADL triggers or instances resulting in severe cognitive impairment (there is no need for HIPPA 90 day trigger if that is the case).  It also needs to be ensured that the elimination period requirements are met that normally come with a choice of 23, 30 or 60 calendar days.

Married people can avail up to 10% discounts and it is not required for both spouses to apply for the same policy.

MedAmerica transitions Mycare program

·         This is usually not required if the investor has a long time policy in place.  This makes it optional for people when it is time to make a claim.

·         The program makes payments for care advise directed at the insured party. This can quite useful for the investor after he selects the vendor of his or her choice.

·         There is no requirement to meet elimination period in this program.  It is payable when the customer or the investor cognitive trigger or ADL.

Hence going in for a medAmerica transitions short-term care insurance has its own set of perks. It is useful policy to take care of your immediate and short term needs. It can provide the much needed mental peace and financial succor to families during unexpected turn of events. With the help of policies like this it becomes easier for people to plan in greater detail with regards to a more comprehensive long-term policy in the nearby future.  This makes it an ideal form of affordable insurance policy for a lot people.

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Heartland National hospital Indemnity and Cancer Care

Heartland National Insurance Company was started in 1984 and has quickly gone on to become one of the biggest brands in the insurance industry. With over twenty million people involved in its sales network country wide, the company adopts a straightforward approach to their business model. 

Their health care policy is popular within the community for being affordable and provides the policyholder access to some of the best medical services on offer in the country. One of the major benefits with their policy is that the patient can directly receive the proceeds of their plan and the coverage for their medical treatment can be readied in short span of time.

Features of Heartland National Cancer Care Policy

Through the Heartland National Cancer Cure policy, the insured can decide on how to use the face amount received from the plan. They have the liberty to ascertain and pursue the best course of treatment to treat their medical condition. Since each case is different from the other, a policy of this nature offers the cancer patient several benefits.

The application process is quick and easy to sign up for. The candidate can fill in the particulars without having to need any kind of assistance.

The proceeds from the plan can be received by the insured party directly.This helps to further speed up the application process.

The insured stand to receive up to $1000 for their expenses once the final diagnosis has been made.

As part of the policy, benefits include doctoral check ups, drugs, tests and nursing facilities.

The coverage takes care of a variety of necessary medical services, which includes chemotherapy, lab tests, surgery, prescriptions, radiation and hospice care for terminally ill patients.

Expenses related to transportation are also covered through the policy. It covers up to 100 miles from your residential address.

With the rate of monthly premiums being low, policyholders can actually make arrangements towards insuring other members of his or her immediate family.

For undiagnosed policyholders subscribed to the Heartland National Cancer Care plan, it is possible to recover as much as up to 80% of the premium payments that were made during the course of a 15-year time frame.

Policyholders who are subscribed to the HMO plan, are entitled to receive benefits without any network restrictions.

Features of Heartland National Hospital Indemnity Critical Illness

The following statistics indicate the essential coverage provided by heartland National Indemnity Critical Illness plans and how policyholders stand to benefit from them.

·         Costs of hospitalization on average cost around $9,000.

·         The average age group of patients who are admitted in hospitals is around 54.  Twenty-five percent of them fall between the age bracket of 44-65 while 40% of them are 64 years of age or older.

·         It can be ascertained that health care costs for Americans who are 65 years and older is bound it get significantly higher.  To that effect is has been estimated that health care costs for senior citizens are about four to five times higher than those of younger people.

·         According to surveys, it is estimated that the number of hospital admissions is set to double by the year 2030 as baby boomers begin to age.

·         Among men, lung cancer happens to be the most common type of cancer while breast cancer is the leading cause of death among women.  The existence of other cancers such as melanoma, liver cancers etc. have also been known to be prevalent.

·         Lack of comprehensive medical plans has led to thousands of people (about 5% approx.) being unable to receive proper medical care.

Each plan comes with features which include deductibles, copayments and other coverage options. Heartland NationalHospital Indemnity Critical Illness offers a comprehensive medical plan to its policy holders and can pave a long way towards looking after all your medical requirements.

	Silver                                   Gold                                 Platinum
Daily Benefits of Hospital Indemnity	$100-$300 as daily benefits. Benefit Period of 10 days.	$100-$300 as daily benefits. Benefit Period of 30 days.	$100-$300 as daily benefit. Benefit Period of 90 days.
Durable Medical Equipment	$200/ occurrence in a calendar year (Lifetime Maximum of $2500)	$300/ occurrence in a calendar year (Lifetime Maximum of $2500)	$400/ occurrence in a calendar year (Lifetime Maximum of $2500)
Ambulance	$100 for single occurrence ( Lifetime Maximum of $2,500)	$150 for single occurrence ( Lifetime Maximum of $2,500)	$200 for single occurrence (Lifetime Maximum of $2,500)
Benefit for Emergency Room	$150 per emergency room visit following an accident or injury	$200 per emergency room visit following an accident or injury	$250 per emergency room visit following an accident or injury
Physician Benefit	$25/ visit, Maximum of $75 in a calendar year.	$25/ visit, Maximum of $75 in a calendar year.	$25/ visit, Maximum of $75 in a calendar year.
Lump sum rider for cancer (optional)	Benefits for diagnosis of cancer between $1,000-$10,000.	Benefits for diagnosis of cancer between $1,000-$10,000.	Benefits for diagnosis of cancer between $1,000-$10,000 .

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Benefits of Foresters Final Expense Insurance

Final expense insurance deals with payment of funeral and burial costs of deceased members in your family. The policy has fixed rate of premiums and the insurance company would look after all the costs involved related to the funeral. After conducting the funeral, the remains from the proceeds can also be used by the beneficiary to pay for any outstanding debts or fund other expenses. Final expense holds very good relevance in today’s time in view of rising costs pertaining to funeral and burial expenses.

Why is final expense insurance important?

The loss of a loved one is always a tough period for all families. A lot of people are reluctant to think about final expense insurance policies when elderly members of the family are still alive.  Funeral and burial costs have seen a steep rise over last couple of decades and it would be a good idea to look at some of the benefits of final expense insurance. On an average funeral expenses these days cost a minimum of $7,500, which is a substantial amount for most families. Without a comprehensive policy, the family would have to dig into their savings to pay for the expenses. This could be burdensome for many considering the continuing volatility of today’s economy. On the other hand with final expense policy, the family can be assured that all the funeral expenses would be taken care of by the insurance company.

Foresters final expense insurance brings with it several benefits for the investor. The insurance company enjoys high ratings and has been providing financial security for families for over 130 years. Under this the plan the investor can choose between 3 different plans – Level, Graded and Modified.  The amount of face value can range anywhere between $2,000 to $35,00 and the policy comes with minimum premium rates.  The age of issue is usually around 50 to 85 and the policy offers riders as well(such as accidental death riders for instance).  The process of application is very simple and customers have to just fill up an e-form online before an agent can get in touch with them.

Foresters final expense insurance offers 3 types of plans:

Level plan: In this type of plan the death benefits equals derived is equal to the face sum issued in the certificate.

Graded Plan: The value of death benefits increases as per the tenure in the first two years of the policy. In the first year, the death benefits can be derived up to 30% of face value mentioned in the certificate. The value increases to 70% in the second year and then up to 100% in the third year and beyond.  In the event of an accidental death, the death benefits is 100% of the face value.

Modified Plan: In this type of plan the beneficiary receives death benefits with same value as that of premium rates along with 10% annual interest for the first 2 years of the policy.  Face value stands at 100% for the third year and beyond. 

There are also several fraternal benefits in buying Foresters final expense policy:

·         The insurance company provides financial assistance up to the tune of $4000 if the member is known to suffer from some form of critical illness such as cancer, stroke or heart attack.

·         Provides benefits for the youngest member of the family. The legal guardian stands to receive $300 monthly in the event both the child’s parents have died.

·         The Foresters Scholarship program offers three hundred and fifty scholarships worth $8000, where students of any age with grades above 65% (Canada) or 2.5 (US) may apply.

·         Possibility of orphan scholarship benefits can also be availed in the event one or both parents of the child have died.

·         The insured can avail loans to meet medical costs of any family member suffering from a critical condition.  The insured can get up to 70% of the face sum of the policy to meet the costs involved in treatment. Also the loaned amount can be subtracted from the payable sum upon the death of the insured.  This clause makes this policy highly beneficial during emergencies.

Foresters final expense is a necessary requirement to help bid a proper farewell to departed members. The remainder of the proceeds from the benefits can also be used to clear outstanding debts such as mortgage, car loans, medical bills and credit card renewals. This would ensure that your family members would not have to take responsibility for any of those debts. It would also be a good idea to leave behind a substantial amount to your beneficiaries which may come in handy for them some time in the future. Another alternative is direct the remains of the proceeds to your grand children which will help them cover their college fees.

With fixed premium rates, final expense policies are becoming more and more relevant and quite a lot of people have begun to realize the several benefits that come with it. Make sure to plan your policy in such a manner so that you have a correct estimate of how much your family would receive upon your death.

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