Cost & Coverage
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Mutual of Omaha, a privately-held Fortune 500 mutual insurer, offers disability insurance designed to protect people in all occupations.
|A.M. Best rating||A+|
|Company info||“During these uncertain economic times, Mutual of Omaha is strong, stable, secure and ready to meet your insurance and financial needs.”|
|Evaluation||3.5/5 - Mutual of Omaha offers a strong contract with great underwriting, designed to protect all occupations.|
|Elimination period||60 days, 90 days, 180 days, 365 days|
|Benefit period||2 year, 5 year, 10 year, Age 67|
|Definition of disability||Two-year Own Occupation, then Any Occupation|
|Partial/residual disability||Basic Partial Disability|
|Proportionate Disability Benefit||Pays a partial benefit if you experience a loss of income due to injury or illness.|
|Survivor Benefit||A lump sum benefit paid if insured dies while disabled.|
|Terminal Illness Benefit||Option to accelerate 12 months of payments if diagnosed with a terminal illness while disabled.|
|Presumptive Total Disability||Presumes total disability if you lose sight, hearing, speech, hands, or feet. No elimination period and full benefit paid regardless of employment.|
|Waiver of Premium||No premiums once claim is approved.|
|Transplant Benefit||Pays a benefit if disability arises out of transplant.|
|Rehabilitation Benefit||Vocational training and education to help return to work.|
|Extended Own Occupation Disability||Extends the True Own Occupation definition of disability beyond two years.|
|Future Insurability Benefit||Allows future increases to the coverage without evidence of medical insurability.|
|Extended Proportionate Disability Benefit||Extends the partial disability benefit beyond two years.|
|Cost of Living Adjustment||Increases the monthly benefit while on claim.|
|Social Insurance Supplement||Part of the monthly benefit could be reduced if you qualify for social security disability.|
|Return of Premium||Refunds a portion of the premiums paid, net of the benefits paid out, when the policy is terminated.|
|Critical Illness Benefit||Pays an additional lump sum if disability is caused by a critical illness.|
|Accident Medical Expense Benefit||Reimbursement for medical expenses caused by accidents.|
|Hospital Confinement Indemnity Benefit||Reimburses for hospital rooms for injuries due to an accident.|
*Subject to availability based on individual applicant’s personal profile.
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