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Mutal of Omaha Long Term Disability Contract U- date : Why did Mutual of Omaha update our LTD contracts? To ensure that you and your employees are insured with modern, !best -in -class provisions that lead the industry; we continually look for ways to improve the, products and services we offer. With your renewal, you will receive an updated LTD contract that offers our latest language and benefit provisions. • New Earnings Definitions Our long-term disability contract now has a new standard earnings definition. Long, -term disability contracts that utilized a month prior earnings average will now include our standard earnings definition that uses earnings just prior to disability. Any averaging of commissions or bonuses will remain as previously elected. • No Earnings Loss During the Elimination Period tinder Our Definitions of Disability Our long-term disability contract now only considers a loss of at least one material duty during the elimination period. It does not require a loss of earnings. This definition of disability makes it easier for your, employees to qualify for disability.. New LTD Provision — individual Continuity of Coverage for Pre-existing Condition Provision Our new long-term disability contract now includes a provision that counts time served towards the preexisting condition provision for your new hires that had prior group long-term disability coverage that was not with you, as the ,policyholder. This is a new standard feature in every new long-term disability contract, is unique to the industry and .provides a benefit to new employees you hire into your organization. Contact your sales .representative or service team for more information. Will benefits or claims be affected by the update? There will be no change in how benefits are paid for claims submitted prior to the effective date of the upgrade. The new contract provisions are effective as sbon as the new contract becomes effective for your group. 60