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Mutual of Omaha Critical Illness, Cancer, Heart Attack, Stroke

State Availability

Current as of 05/07/2020

AK AL AR AZ CA CO CT DC DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS NC ND NE NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WV WY

Plan Information

Current as of 05/04/2020

These products provide a lump-sum cash benefit upon diagnosis of cancer, heart attack or stroke, or a critical illness. Policy benefits can be used any way the beneficiary chooses, giving them extra cash to help pay medical and nonmedical expenses, including:

  • Replacing lost income while individual is off work.
  • Continuing to pay ongoing expenses, like mortgage payments, groceries and utilities.
  • Paying health insurance deductibles and copayments.
  • Hiring home health care or childcare services.
  • Traveling to receive treatment.

Issue ages 18 to 64 Critical Illness; issue ages: 18 to 89 Cancer; issue ages 18-89 Heart Attack & Stroke for lifetime coverage.

Coverage plans for an individual, single parent, or family.

Adult coverage: $10,000 to $100,000 on all plans. Coverage options: lifetime coverage, term 10, 15, 20, or 30 years, all plans. Base benefits: lump-sum payment all plans; and return of premium upon death on Critical Illness.

Lump Sum Cancer

This policy is designed to provide benefits for cancer only (internal cancer or malignant melanoma).

Coverage is not provided for other diseases or accidents.

Upon the diagnosis of cancer, the insured will receive a lump-sum payment of 100 percent of the benefit

amount selected. Once the benefit has been paid, the policy will end, unless benefits continue under an

attached rider. Available riders include: Heart Attack & Stroke, Intensive Care, Cash Value.

  • Issue Age – 18 to 89, 18-54 (Term).
  • Dependent Children – Dependent children are eligible for coverage through age 25 or until date of marriage, whichever occurs first.
  • Family Coverage – Either partner on a family plan may be the primary insured. Premiums will be based on the age of the oldest insured.
  • 30-Day Waiting Period – A 30-day waiting period for cancer coverage begins on the policy effective date.
  • Guaranteed Renewable – The coverage is guaranteed renewable for life or until the end of the term period.

Lump Sum Heart Attack & Stroke

This policy is designed to provide benefits for heart attack and stroke or the performance of coronary

angioplasty surgery or coronary artery bypass surgery only. Coverage is not provided for other diseases

or accidents. Upon the diagnosis of heart attack or stroke or the performance of coronary angioplasty surgery or coronary artery bypass surgery, the insured will receive a percentage of the benefit amount selected in a lump-sum payment:

  • 100 percent for heart attack or stroke
  • 25 percent for coronary angioplasty surgery or coronary artery bypass surgery (payable once per

insured person during the life of the policy).

Once 100 percent of the benefit has been paid, the policy will end, unless benefits continue under an

attached rider. Available riders include: Cancer, Intensive Care, Cash Value.

  • Issue Age – 18 to 89, 18-54 (Term)
  • Dependent Children – Dependent children are eligible for coverage through age 25 or until date of marriage, whichever occurs first.
  • Family Coverage – Either partner on a family plan may be the primary insured. Premiums will be based on the age of the oldest insured.
  • Guaranteed Renewable – The coverage is guaranteed renewable for life or until the end of the term period.

Lump Sum Critical Illness

This policy is designed to provide benefits for cancer, heart attack, stroke, Alzheimer’s disease, blindness, deafness, kidney failure, major organ transplant surgery, paralysis or the performance of coronary angioplasty surgery or coronary artery bypass surgery only. Coverage is not provided for other diseases or accidents.

Upon the diagnosis of cancer, heart attack or stroke, Alzheimer’s disease, blindness, deafness, kidney failure, major organ transplant surgery, paralysis or the performance of coronary angioplasty surgery or coronary artery bypass surgery, the insured will receive a percentage of the benefit amount selected in a lump-sum payment:

  • 100 percent for cancer, heart attack, stroke, Alzheimer’s disease, blindness, deafness, kidney failure, major organ transplant surgery, paralysis.
  • 25 percent for coronary angioplasty surgery or coronary artery bypass surgery (payable once per

insured person during the life of the policy).

Once 100 percent of the benefit has been paid, the policy will end, unless benefits continue under an attached rider. Available riders include: Intensive Care, Cash Value.

Return of Premium (Built-in)

If the primary insured dies while covered under this policy, we will return all premium paid under the policy minus benefits already paid under the policy or any attached riders.

  • Issue Age – 18 to 64
  • Dependent Children – Dependent children are eligible for coverage through age 25 or until date of marriage, whichever occurs first.
  • Family Coverage – Either partner on a family plan may be the primary insured. Premiums will be based on the age of the oldest insured.
  • 30-Day Waiting Period – A 30-day waiting period for cancer coverage begins on the policy effective date.
  • Guaranteed Renewable – The coverage is guaranteed renewable for life or until the end of the term period.

General Underwriting Guidelines: Express and simplified. Features and riders may not be available with all policies or approved in all states.

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