02/24/2022
What would happen if you were not able to work???? ....
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Mutual Income SolutionsSM, disability income insurance policy from Mutual of Omaha Insurance Company, provides
benefits to help replace a portion of your income if you’re sick or injured and unable work. It’s financial protection that
helps you focus more on your recovery and less on how you’ll cover expenses.
455814_2020
Issue Ages 18 to 61 years old
Maximum monthly benefit
The monthly amount you receive if you become sick
or injured
$300 to $20,000 per month (in $100 increments)
Benefit period
The length of time you receive benefit payments after a disability
occurs
6 months, 1 year, 2 years, 5 years, 10 years or to ages
65, 67, or 70
Elimination period
Benefits begin after an elimination period has been satisfied
when you are sick or injured and can’t work
30, 60, 90, 180, 365 or 730 days
Policy type
The type of policy you select is a key factor to your premium
payment amount
• Non-cancelable – your premiums are locked in and your coverage is
guaranteed for the duration of the benefit period you select, as long
as you pay your premiums on time
• Guaranteed renewable – your coverage is guaranteed as long as you
pay your premiums on time or within the grace period. Your rates
could be increased only if the change affects an entire class of
policyholders
Note: options may vary by state and/or age
Mutual Income Solutions at a Glance
Mutual Income
Solutions
SM
Plan Highlights for
Accident & Sickness
Disability Income Insurance
Built-in Policy Benefits
Total Disability Benefits - If you are unable to work in your regular occupation due to being sick or injured and not gainfully
employed in another occupation, you’ll receive a monthly benefit after your elimination period. Here are the disability benefits that
are part of a Mutual Income Solutions policy:
• Survivor Benefit - your beneficiary will receive a one-time payment
of three times your monthly benefit amount if you pass away while
you’re receiving your benefits
• Recurrent Disability - your elimination period is waived if you
suffer a new disability within 30 days or a recurring disability in six
months
• Waiver of Premium - your premium for your policy and the optional
benefits you select are waived after the elimination period or 90 days,
whichever is shorter, is satisfied
• Presumptive Total Disability - you’ll receive full benefits for the
length of your benefit period if you are considered to be totally and
permanently disabled without any chance of recovering to work in
your previous profession
• Transplant Donor Benefits - you’ll receive full benefits if you’re
disabled during surgery while donating an organ
or tissue
• Rehabilitation Benefit - you’ll receive vocational rehabilitation
services limitations may apply at no cost while you’re receiving
disability benefits
• Military Suspension - your coverage may be suspended if you’re
called to active duty
Extra Value with Discounts*
15%
15%
15%
10%
10%
Common employer – available to groups of three or more people working for the same employer
Self-employed – minimum of two years self-employment
Association member – be a member of an approved organization
Two-person household – receive a discount when both you and your partner are issued a policy
Multi-policy – Receive a 10% discount if you’re issued an individual disability policy within 90 days of
being issued an eligible fully underwritten life insurance or a long-term care insurance policy.
Earn up to a maximum 30% in premium discounts!
*Some discounts may have additional requirements
Optional Benefits
Many insurance products include optional benefits – or addon coverages. Optional benefits allow you to customize your
policy, providing enhanced or extended benefits. It’s important
to determine the right amount of coverage, but also consider the
options that add value to your policy.
Mutual Income Solutions Optional Benefits
(options may vary by state and/or age)
Select one or both for no cost to increase your monthly benefits.
• Automatic Increase Benefit (AIB) – Automatically increases
your monthly benefit by 4% each year.
• Future Insurability Option (FIO) – Increases your monthly
benefit every three years after you buy the policy.
Disability Definition Options
Select one occupation-based benefit option for an additional cost
to expand your opportunity to receive benefits when you’re unable
to work.
• Extended Regular Occupation – Extends your current
occupation coverage for the length of the benefit period.
• True Regular Occupation – Extends your current occupation
coverage for the length of the benefit period and allows you to
receive a full monthly benefit, if you are unable to work in your
occupation and currently working in a different occupation.
Residual Options
Select from one of the following options for an additional cost to
receive a percentage of your monthly benefits when you’re partially
disabled.
• Residual Disability – Pays a percentage of your total monthly
benefit if you’re partially disabled.
• Enhanced Residual Disability – Pays a percentage of your
total monthly benefit if you’re partially disabled and provides
a recovery benefit if you’re still experiencing a loss of income
after you return to work full time.
Additional Options
You can select from any of the following options for an additional
cost.
• Mental or Nervous and Substance Abuse Extension –Extends
your mental or nervous disorders and substance abuse
coverage for the length of the benefit period.
• Return of Premium – Returns a portion (50 or 80%) of
premiums paid less claims paid every 10 years, up to $12,000
total maximum monthly benefit. This benefit is not allowed if
AIB and/or FIO is selected
• Cash Value Benefit – Provides a percentage (15% in year six
to 100% in year 25) of all premiums paid for the policy and
riders, minus and benefits in claims, up to $12,000 total
maximum monthly benefit. This benefit is not allowed if AIB
and/or FIO is selected
• Catastrophic Disability Benefit – Pays an additional benefit
amount if you have a catastrophic disability and you’re unable
to perform two activities of daily living without substantial
assistance from another person or require substantial
supervision due to severe cognitive impairment.
• Cost-of-Living Adjustment – Increases your benefit annually
when you receive benefits.
• Social Insurance Supplement – Lowers the premium since the
benefit you receive is the amount of monthly income you
purchase, less any benefits provided by Social Security.
