Mutual of Omaha stands out in the long-term care insurance market by offering standalone policies, a rarity in today's insurance landscape. With coverage available for individuals aged 30 to 79, it provides flexible benefit periods ranging from 24 to 60 months and attractive discounts for couples and healthy individuals. One of the key advantages is the cash benefit model, allowing policyholders to receive monthly payouts without the need for receipts, which simplifies the claims process. Additionally, the policies include a waiver of elimination period for home health care, ensuring timely access to benefits. However, potential policyholders should be aware that premiums may increase over time, and hybrid policies that combine long-term care with life insurance are not available. Overall, Mutual of Omaha is an excellent choice for couples, especially those who value customer service and flexibility, but may not be ideal for those seeking hybrid options.
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