GOLDENCARE USA - Long-Term Care & Critical Care - Product Comparison Grid NEW FROM MUTUAL OF OMAHA Custom Solution NEW FROM MUTUAL OF OMAHA Secure Solution BRAND-NEW LTC ALTERNATIVE Critical Care - Guarantee Trust Life GENWORTH Privileged Choice Flex 3 A+ Ages 30-79 30% both insured, 15% one insured, plus 15% good health A+ Ages 30-79 30% both insured, 15% one insured, plus 15% good health B+ Ages 18-84 (Dependents to age 18) N/A A Ages 40-75 First-Day Cash + Traditional Reimbursement in one policy. All benefits paid on a monthly basis, with client-oriented built-in features & benefits that emphsize flexibility, and can fit almost any budget. First-Day Cash + Traditional Reimbursement in one policy. All benefits paid on a monthly basis. Easy-to-understand benefit choices with a simple design and traditional approach. Cash Availability Cash = 40% of Monthly HHC No bills to submit. No Elimination Period Informal Care Provided by Friends & Family AM Best Rating Issue Ages Partner/Spouse Discounts Market Niche MEDAMERICA FlexCare B++ Ages 18-85 JOHN HANCOCK Custom Care III 2014 A+ Ages 18-75 35% both spouses insured Table Rates- included in policy rates based on one or both applying 15% when one / 30% when both CarePartners insured An alternative to LTCi for applicant(s) with health issues. Easier Underwriting. No Build Chart. Benefits paid upon diagnosis of covered conditions. Benefits increase when confined to ALF or NH. * Traditional Reimbursement LTCi. Now offering new FlexFit Coverage packages designed to help keep premiums lower and help applicants protect assets. FlexCare is designed as a tax-qualified product, offering a Cash Rider as an optional benefit. Submission of provider bills, proof of loss, or other info on benefit usage not required. CPI Inflation targets younger market at overall lower premium than standard 5% Compound. CPI varies each year, increases based on Consumer Price Index. Now offering Benefit Builder. Cash = 30% of Monthly HHC No bills to submit. No Elimination Period Monthly cash benefit paid upon diagnosis of covered critical illnesses, including Alzheimer’s Disease None Monthly Cash Benefit Rider (includes ALF, HHC & ADC) 30X Daily Benefit Additional Cash Benefit Rider 15% of Monthly HHC/ 4.5X Daily Benefit Monthly Cash paid, no bills to submit when partner, friends, family provide care. No EP Monthly Cash paid, no bills to submit when partner, friends, family provide care. No EP Monthly cash benefit can be used for any purpose, including informal care. No- Care must be provided by a Home Health Agency or a licensed healthcare practitioner Yes, only if receiving their cash benefit. Excluded unless family member is licensed or regular employee of HHC agency. Benefit Dollar Range $1,500-$10,000 ($50 Increments) $1,500-$10,000 $1.00 Increments Base Benefit: $500-$3,000 (LA, KS, MN, SD: $500-$6,000) * Daily: $50 to $300 or Monthly: $1,500 to $9,000 Daily: $50 to $500 ($10 Increments) Daily: $50 to $400 or Monthly: $1,500 to $12,000 Benefit Period or Maximum Policy Amount $50,000-$500,000 ($500 Increments) 2, 3, 4 or 5 Years 6, 12, 18 or 24 months 2, 3, 4 or 5 Years 1, 2, 3, 4, 5, 6, 7, 8 or 10 Years 2, 3, 4, 5 or 6 Years Elimination Period Options 0, 30, 60, 90, 180 or 365 days Calendar Day 90, 180 or 365 days Calendar Day Immediate payment of benefits, providing diagnosis is made >30 days after effective date. 30, 90, 180 or 365 days Calendar Day Rider 20, 30, 60, 90, 100, 180, 365 Calendar Days 30, 60, 90, 180 or 365 days Inflation Options Lifetime: 1% - 5% Compound in .25% increments 10, 15, 20 Year with Buy-Up Optional HHC EP Waiver, 200% Prof. HHC, Nonforfeiture, Shared Care, Joint Waiver of Premium, Survivorship, Security (Uninsured Partner), ALF & HHC Options: 50%, 75% Return of Premium Death Benefit (Less Claims): 3x MMB, Death Before Age 65, Death at Any Age Compound Inflation Lifetime: 3%, 4%, 5% 20 Years: 3%, 5% Optional HHC EP Waiver, Nonforfeiture, Shared Care, Security (Uninsured Partner), ALF & HHC Options: 50%, 75% Return of Premium Death Benefit (Less Claims): 3x MMB N/A 2%, 3%, 4%, 5% Compound 5% Simple, 3% FPO Restoration of Benefits (built-in), Return of Premium Death (Less Claims Paid) Optional HHC EP Waiver, Nonforfeiture, Monthly Benefits, Elimination Period Option: Calendar Day ALF & HHC Options: 50% Shared Benefit Rider: includes Shared Care and Joint Waiver of Premium Compound or Simple: Lifetime: 3% or 5% 2x Max: 3% or 5% 20-Day HHC EP Rider, Monthly Benefits, Nonforfeiture, Restoration of Benefits, Shared Care, Shared Waiver, Survivor Benefit, Graded ROP-to-75, ROP-to-80, ALF/HHC/ADC Options: 50%, 75%, 100%, 125%, 10-Year Pay / 20-Year Pay Benefit Builder CPI Automatic 5% Compound Optional HHC EP Waiver, Nonforfeiture, Monthly Benefits, Shared Care, Additional Cash Benefit Rider All States Except: HI, MT, NY All States Except: HI, MT, NY All States Except: FL, MN, NV All States Except: CA, CT, DC, IN, NY Optional Riders State Availability (Benefits & Options may vary by state) 10/2014 Reduced Benefit Period for illnesses with shorter recovery times * Benefit increase for ALF & NH does not apply in states offering Base Benefits up to $6,000 All States Except: CA, CT, FL, GA, MA, NH NH, NY, PA, RI, UT, VA, VT All States Except: CA, HI, IN, MD, NY, VT CT, FL & MT Launch Flex 3 11/17/2014 Abbreviations: ALF = Assisted Living Facility, HHC = Home Health Care, NH = Nursing Home, EP = Elimination Period
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