GetMoore Media
Policies We Offer That You Might Not Know About
DISABILITY INCOME PORTFOLIO
What would happen if you lost your most important asset? Your ability to earn an income? Without your income, what would happen to...your home?...your savings?...your children? The risk is real. The likelishood of you being disabled is much greater than you realize. Do you have life insurance?...Statistics show you are more likely to become disabled than die prematurely.
Other income protection options may not be abailable when you need them such as disability through your employer: Even if you are insured through your work, disablility plans through employers are usually not portable and typically cover 60% of your monthly income. Government Disability Income Insurance: More than 60% of the 2.1 million people who applied for Social Security Disability Insurance were denied. Even if you were approved, the benefits will leave you below the Federal Poverty Level. Worker's Compensation: The vast majority of disabling accidents or illnesses are not work-related, and therefor not covered by worker's compensation.
ARE YOU WILLING TO GAMBLE WITH ALL YOU'VE WORKED SO HARD TO SAVE...?
Use this chart to fill in your monthly expenses. When finished, compare the amount of money you have saved to how much you would need to cover these expenses if you were disabled for three months...how would you pay your bills?
MONTHLY EARNINGS (after taxes)......................................$__________________
CAR/TRANSPORTATION....................................................$__________________
CREDIT CARDS...............................................................$__________________
GROCERIES....................................................................$__________________
UTILITIES.....................................................................$___________________
CHILD CARE...................................................................$___________________
ENTERTAINMENT............................................................$__________________
EDUCATION...................................................................$___________________
CLOTHING.....................................................................$__________________
INSURANCE...................................................................$___________________
OTHER EXPENSES...........................................................$__________________
TOTAL..........$__________________
We offer 4 Disability Income Choice Portfolios through Mutual of Omaha that are guaranteed to work for you.
*Short Term Accident Only
*Short-Term Accident and Sickness
*Long-Term Accident and Sickness
*Business Operating Expense
You can trust Mutual of Omaha for your income protection needs...close to 100 years ago, Mutual of Omaha sold their first insurance policy. It was a disability income policy.
CRITICAL ILLNESS INSURANCE
example 1: After four months of experimental treatment in a leading breast cancer specialist's program, Bridget's prognosis is excellent. Shes' had high health care bills, becauseher medical insurance didn't cover experimental treatment. And she's looking forward to running her consulting firm at full speed again. But, Linda's going to take it easy for a few more months, just to be sure. She can afford the best medical care and to take time away from her business. LINDA HAD CRITICAL ILLNESS INSURANCE.
example 2: When his father needed a liver transplant, Brad figured the fantastic adventure the two of them had always talked about taking would never happen. He just wanted his dad to get better. But Brad was in for a surprise. After his father recovered, the whole family went away on the two-week adventure of a lifetime. The trip was an opportunity for them to spend time together in a way they hadn't been able to for a long time and for Brad, a second dream come true. BRAD'S FATHER HAD CRITICAL ILLNESS INSURANCE.
example 3: Jack was only 55 when he had a heart attack. He needed round the clock care for weeks after his surgery, which brought on many expenses none of his insurance would cover. But Karen didn't have to worry about where they would get the money to pay for these things. She was able to handle the unexpected expenses, pay off their mortgage in full and focus on how she could help Jack when he needed her. The only thing either of them had to worry about was his recovery. JACK HAD CRITICAL ILLNESS INSURANCE.
Nearly all of us know someone who understands first hand the challenges a critical illness poses. While the odds of surviving a critical illness have never been better, survival has a price. Medical treatment has never been more advanced, but it's also never been more expensive. Patients today may receive better care, but they often experience financial hardship because of the many expenses their insurance doesn't cover. Expenses like:
*Child Care
*Time away from work (possible for spouse as well)
*Domestic help like cooking, cleaning, laundry and lawn maintenance
*Necessary home modifications
*Transportation and lodging costs to seek the best treatment
In the past, people have had to come up with the money to cover expenses like these on their own. Traditional products like major medical and disability insurance, while important, aren't designed to meet needs like these. Critical Illness Insurance is.
Critical Illness Insurance pays and up-front cash benefit upon diagnosis of a covered critical illness. And best of all, how you use the money is completely up to you. Pay off your mortgage...hire some help around the house...take your family on vacation so you can spend time together. Whatever you feel is most important. You decide.
Critical Illness Insurance pays 100% of your maximum benefit amount for the following illnesses and conditions:
*Heart Attack *Life Threatening Cancer
*Stroke *Alzheimer's Disease
*Major Organ Transplant *Multiple Sclerosis
*Blindness *Paralysis
*Deafness *Kidney Failure
Your Mutual of Omaha Representative, Jeff Moore, can help you determine how much Critical Illness Insurance you need. By keeping our promises, we can help you keep your.
Did you know that in the U.S.
Every 26 seconds, someone suffers a coronary event
Every 45 seconds, someone suffers a stroke
Let's face it, the last thing you want to worry about when you need hospital care is how you will pay for it and the associated hidden costs. Even the best health insurance policy may not cover your full costs of hospitalization, such as deductibles, co-payments or the many incidental expenses.
The cost of being sick:
*In 2002, the average daily hospital cost was $1,290
*In 2002, the average hospital length of stay was 4.8 days
*Underlying health care costs are rising 2 to 3 percentage points faster than overall economic growth.
*Health care costs per privatley insured Americans have grown at an annual
rate of about 7.5 percent since 2003
Mutual of Omaha Income Insurance plan pays you a lump-sum benefit amount (up to $2,000/day during days 2-121) to spend however you wish. It is not tied to specific hospital charges, treatments or care.
Are you aware of the costs of Long-Term Care in the State of Texas?
*Nursing Home Care with a Semi-Private Room averages $42,851/annually
*Assisted Living Facility (a one bedroom unit) averages $33,197/annually
*Home Health Care averages $35,776/annually
Long Term Care refers to the many services beyond medical care and nursing care used by people who have disabilities or chronic (long-lasting) illnesses. Long-Term Care Insurance helps you pay for these services, which can be very expensive. Apolicy also ensures that you can make your own choices about what long-term care services you receive and where you receiver them.
People are living longer and longer these days. That's good news, but the flip side of that is there are more years in which there's a risk of serious health problems. And that could literally cost all of your remaining life's savings. Unfortunately, ordinary health insurance policies and Medicare usually do not pay for long-term care expenses. Medicaid, a federal/state health insurance program, will ony pay for long-term care if you've already spent most of your savings or other assets. So, there's long-term care insurance.
Long-Term Care Insurance typically covers the cost of:
*Help in your home with daily activities like bathing, dressing, eating and cleaning.
*Community programs, such as adult day care.
*Assisted living services that are provided in a special residential setting other than you own home. These services may include meals, health
monitoring, andhelp with daily activities.
*Visiting Nurses
*Care in a nursing home
WHEN IS THE RIGHT TIME TO BUY A POLICY?
Many people don't think about long-term care until they get into their 70's and 80's and their health begins to fail. At these ages, you may be too high a risk for an insurer to cover you; or if you do qualify, the premiums can be astronomical. In fact, some long-term care policies have restrictions on age and health status.
The best time to buy long-term care insurance may be middle age. It's the time when you have the highest likliehood of being eligible for a policy and, just as important, when premium costs might be lower.
IS A POLICY RIGHT FOR YOU?
Long-Term Care Insurance is probably not for everyone, but with soaring health care costs, insurers increasingly restricting coverage and eligibility, and people's need to stretch retirement savings through more years, it's a good idea to consider it seriously. Your goals should be to protect your assets, minimize your dependence on other family members, and control where and how you receive long-term care services.
