We announced last month the Critical Advantage rate decrease of 20% for current policyholders for a handful of states. Effective March 1, 2019, the following states can be added to that list:
AZ, DE, GA, ID, IL, LA, ME, MS, MO, NV, NM, VT and WI
Your current customers in these states will not have to do anything to get the new rates. Their premiums will be at the new 20% rate cut automatically starting on 03/01/2019.
Here is what your clients can expect with the lower rates.
Age | Current Monthly Rate | New Monthly Rates | Monthly Savings | Yearly Savings |
35 | $22.81 | $18.25 | $4.56 | $54.72 |
45 | $38.09 | $30.48 | $7.61 | $91.32 |
55 | $59.69 | $47.75 | $11.94 | $143.28 |
65 | $86.69 | $69.35 | $17.34 | $208.08 |
This example is a Cancer policy with a $30,000 benefit amount and lifetime coverage.
To see how our rates match up to a competitor, click here.
The total list of states that have been approved for the rate cut for current policyholders is shown below:
AL, AR, AZ, CT, GA, HI, IA, ID, IL, KS, KY, LA, ME, MD, MI, MS, MO, NE, NH, NJ, ND, NV, NM, OK, PA, SD, TN, TX, VT, WI and WY
Please contact Mutual of Omaha if you have any questions: (800) 693-6083 or sales.support@mutualofomaha.com.
Critical Advantage Rate Decrease for Existing Policyholders
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