OMAHA, Neb. – Mutual of Omaha has introduced a new disability income insurance product featuring a fully digital experience and additional coverage options for customers who are seeking to protect their income if they become sick or injured and are unable to work.
Mutual Income Solutions℠ covers a wider range of occupations (including medical professions), offers numerous optional add-on coverages, stackable discounts up to 30%, and an increased maximum monthly benefit of $20,000.
Additionally, Mutual Income Solutions provides a non-cancelable rate option, which guarantees coverage for the duration of the benefit period and locks in premium amounts, as long as they are paid on time or within the grace period.
“Our company has more than a century’s worth of experience delivering disability income protection when customers need it the most,” said Mary Swanson, Vice President and Actuary. “Mutual Income Solutions allows us to serve more customers through a wide array of coverage choices, while also providing a more simplified, convenient way to purchase and maintain policies.”
The enhanced process includes an electronic-only experience for customers and sales professionals, complete with e-applications, e-policy delivery and an online self-service portal.
As of Oct. 15, Mutual Income Solutions is available for customers to purchase through licensed advisors and brokers in all states except California, New York and the Virgin Islands.
P/C Insurers’ Net Income Drops 26% In 1st Half Of 2020
Some Positives Came Out Of The Pandemic, Panelists Say
Advisor News
- Health-related costs are the greatest threat to retirement security
- Social Security literacy is crucial for advisors
- The $25T market opportunity in mid-market and mass-affluent households
- Advisors must lead the policy risk conversation
- Gen X more anxious than baby boomers about retirement
More Advisor NewsAnnuity News
- MetLife to Announce First Quarter 2026 Results
- CT commissioner: 70% of policyholders covered in PHL liquidation plan
- ‘I get confused:’ Regulators ponder increasing illustration complexities
- Three ways the Corebridge/Equitable merger could shake up the annuity market
- Corebridge, Equitable merge to create potential new annuity sales king
More Annuity NewsHealth/Employee Benefits News
- Women's health center opens in Arlington for people without health insurance
- Providers wait for hundreds of millions in delayed Medicaid payments
- Families worry their fragile peace could be at risk with Medicaid cuts
- Anthem again pays restitution, fine over Virginia claims delays
- Progressive think tank proposes plan to lower health care costs
More Health/Employee Benefits NewsLife Insurance News
- Virginia orders rate cuts for 16 Aflac policies
- Virginia insurance regulators order rate cuts for several Aflac policies
- Life insurers post modest gains following record 2024, S&P Global finds
- Aflac overcharging Virginians, SCC finds
- Virginia orders rate cuts for Aflac policies
More Life Insurance News