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Mutual of Omaha- Underwriting Update

Posted by LTCI Partners | Jul 19, 2019 9:40:46 AM

From the Desk of

Amanda Blackburn


We appreciate your business, value your relationship and always want to keep you informed.
Mutual of Omaha is currently reviewing and will begin updating the MutualCare® Solutions underwriting guidelines soon. Until then, we want to share a great new service regarding physical exams with you effective immediately!
Regardless of age, our underwriting guidelines require an applicant to have completed a favorable physical exam within the past 2 years. If no exam has been completed, clients have the following options to meet this requirement.
Option 1 – All Applicants
Schedule and complete an exam with their physician of choice while the application is in-house.  Note: LTCi applications are valid for 90 days, therefore, clients must complete their exams and underwriting must receive medical records within that timeframe.  
Option 2 – Applicants 59 and Younger*
In lieu of an established physician and physical assessment, Mutual of Omaha will provide a paramed exam and labs at no cost to the client. Note:  Please indicate this request on the application.  Note:  Preferred rating class is still possible with this type of exam.
Mutual of Omaha will not automatically decline an application if it comes in with no evidence of an exam; however, the client must understand that either option above must be satisfied, with favorable results, for underwriting to issue the LTC policy. 
Look for an updated MutualCare® Solutions Underwriting Guide reflecting these changes in the fourth quarter.
*This is an option for applicants age 59 and below that do not require medical records (we APS for cause).




Topics: Underwriting, Mutual of Omaha

Written by LTCI Partners

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