Mutual of Omaha: New LTC Compensation and Policy Dating Processes

Initial premium will no longer be accepted with application.

– If a check is mailed along with the application, the check will be returned to the applicant.

– If a check is mailed separately to the lock box, the check will be cashed and a refund check will be mailed to the applicant.

– In either scenario, a letter will be sent to the applicant indicating premium cannot be accepted until policy issue. A copy will be sent to the producer.