Mutual of Omaha has changed long-term care insurance underwriting and agent commission rules, the company says in a bulletin sent to LTCI agents. The company’s announcement is just part of a recent wave of carriers modifying or entirely dropping out of the LTCI space.

Mutual of Omaha, a major LTCI provider, says it will cut first-year gross commissions on new LTCI policy sales by 15 percent in most states and by 10 percent in two.

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Allison Bell

Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.

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