If you’re new to the LTCi market or you only sell an occasional policy, it’s time to focus your efforts on a product that has a lot of sales potential. Here are three reasons why:
- People need it – Unfortunately, when most people plan for retirement, they fail to consider how they’ll pay for LTC services. And the cost can be high – $3,300 per month for home health care and $6,300 per month for a semi-private room in a nursing home*
- People are buying it – Each year, between 325,000 and 400,000 new LTCi policies are sold. Why not be the agent who submits some of that business?
- We have contemporary, innovative products that are easy to sell – Mutual of Omaha’s LTCi policies can be tailored to meet the needs of any client. Prepackaged policies offer ease and simplicity. Customizable policies offer additional choices. And multi-life policies are perfect for small businesses and their employees. And all contain a variety of features your clients may not find from other companies, including a built-in cash benefit with no elimination period, 20-year inflation protection and a spouse security benefit.
*Based on Mutual of Omaha’s 2010 Cost-of-Care Survey conducted by Univita. Home health care costs are based on the national average of $22 per hour, five hours per day, 30 days per month. Nursing home costs are based on the national average of $210 per day, 30 days per month.