Our Solution for Long-Term Disability Income Insurance
Full-scale coverage with numerous options
Long-term disability income insurance is a comprehensive, flexible solution for people looking to add protection that can provide monthly benefits up to $12,000 per month. With extensive base benefits and a large selection of optional riders, long-term disability income insurance can offer coverage for two years to age 67.
Long-term disability income insurance might be right for you if…
you have resources that could cover your living expenses for the first few months of a disability
you want comprehensive, long-term benefits that would cover disability from an accident or sickness
you prefer more rider options so you can tailor coverage to meet your unique needs
you’re interested in protection that is portable throughout several years of your career, even up to age 67
- Monthly Benefit - Based on a portion of your current income. Maximum monthly base benefit is $12,000.
Elimination period*- 60, 90, 180 or 365 days
Benefit period*- 2, 5, or 10 years, or to age 67
- Issue ages - 18-61
- Premium** - Premium rate is level until age 67. (You may continue coverage until age 75. Premiums increase annually after age 67.)
to schedule an appointment call 800-388-9606
** You must be in this age range to purchase Mutual of Omaha Insurance Company’s (Mutual of Omaha) disability income insurance plans. Premiums will remain level to age 67 even if you file a claim. The only way your premium would be changed prior to age 67 is if you change your policy features or premiums are raised collectively for all people with the same Mutual of Omaha policy.
Some of the benefits included in the base policy are:
If an injury or illness prevents you from performing the duties of your regular job, and you aren’t gainfully employed in another occupation, we will pay you a monthly benefit once the elimination period has been met. After the first 24 months following the elimination period, if you have not reached your maximum benefit period, we will continue to pay a monthly benefit as long as you are unable to perform the duties of any job for which you are reasonably qualified based on education, training and experience.
If an injury prevents you from performing the duties of your regular job in the normal time it would take to do them, and your loss of monthly income is at least 20 percent, we will pay you a percentage of the total disability monthly benefit proportionate to your loss of income once the elimination period has been met. Payable for up to 24 months.
We cannot cancel this policy, up to age 67, as long as you pay the premium when due. After age 67, you may continue your coverage to age 75 if you continue to work full-time and pay the premium when due.
Premium is waived for the coverage and optional riders after you are disabled for 90 days. We will also refund any premiums you paid during this 90-day period.
You can accelerate up to 12 months of disability benefits if you are diagnosed with a terminal illness.
You may be eligible to receive vocational rehabilitation services at our expense.
If you die while you are disabled, we will pay your beneficiaries a lump-sum amount equal to three times the total disability monthly benefit, payable at the time of your death.
Increases your base monthly benefit as your income increases, regardless of changes in your health.
Increases your monthly benefit while you are disabled so your benefits aren’t degraded by inflation.
Pays up to $25,000 in a lump-sum benefit if you are diagnosed with certain specified diseases.
Pays up to $500 for each day you’re confined to a hospital. The benefit doubles for days of confinement in intensive care. Benefits are payable for a maximum of 45 days for any period of confinement.
This rider will provide you with reimbursement for medical-related expenses incurred per accident. Maximum benefit amounts per accident are $1,000, $2,000, $3,000 and $5,000. The benefit only applies to services and supplies received within 26 weeks from the date of the covered injury.
Pays you back either 50 or 80 percent of premiums minus claims paid after 10 years, depending on the option you choose.