Mutual Care My Way

Mutual Care My Way

Benefit period

2, 3, 4, 5, 6, 8, years or lifetime

Maximum monthly benefit

$1,500 to $15,000 (in $500 increments)

Cash benefit amount

35% of home health care
maximum monthly benefit

Elimination period (in calendar days)

0, 30, 60, 90, 180 or 365 calendar days

Inflation protection

Lifetime (3%, 4% or 5%
compounded annually)
Lifetime (5% simple)
20-year (5% compounded annually)
No inflation protection (includes option to purchase at a later date)

Monthly benefit options
(percentage of maximum monthly benefit)

Home Health Care: 100%, 75%, 50%
Assisted Living: 100%, 75%, 50%
Nursing Home: 100%

Optional benefits

Spouse Shared Care
Spouse Security
Spouse Waiver of Premium
Spouse Survivorship
Waiver of Elimination Period for Home Health Care
Additional Benefit for Injury
Restoration of Benefits
Return of Premium
Non-forfeiture Shortened Benefit Period