Updated Cost of Care Calculator Now Available

Mutual of Omaha has updated its online Cost of Care Calculator for sales professionals. This tool provides estimated costs of long-term-care (LTC) services based on state of residency, type of care and the year in which the care will be needed.

Mutual’s Cost of Care Calculator uses data collected in 2018 by the Long-Term Care Group (LTCG). The LTCG study examined the cost of a variety of long-term care services, including those received at home, in an assisted living facility and in a nursing home.

“Mutual of Omaha has been in the long-term care business for more than 30 years,” said Mary Swanson, Vice President and Actuary. “We are committed to providing a variety of policies to fit our customers’ needs, and our Cost of Care Calculator assists our sales professionals in recommending the best fit for each customer’s unique situation.”

Mutual of Omaha continues to offer a full suite of LTC solutions. The MutualCare Solution portfolio offers two standalone products, which include features such as a cash benefit with no elimination period, inflation protection options and cash or reimbursement benefits. In addition, Mutual offers LTC and chronic illness riders on its Indexed Universal Life policies.

“Research indicates that the majority of people over age 65 will require some form of long-term care,” Swanson said. “The cost varies, depending on where an individual lives and the type of care he or she chooses, but prices for care are rising across the board. We hope our updated Cost of Care Calculator can be a helpful resource for customers who are selecting a long-term care insurance solution.”

For more information, visit www.mutualofomaha.com/long-term-care-insurance.