Life Underwriting Updates: Accelerated Underwriting and Statements of Good Health

As Mutual of Omaha carefully reviews our underwriting processes and procedures, which continue to evolve during this current situation, we would like to announce the following changes for Life Underwriting effective immediately.

Accelerated Underwriting Program
We are increasing the maximum face amount limit to $2 million.

Qualifications Requirements:

  • Issue Ages 18-55
  • Face Amounts: $100,000 – $2,000,000
  • Available Products: Term Life Answers 10-, 15-, 20- and 30-years, Income Advantage IUL and Life Protection Advantage IUL
  • Speed eTicket (Drop Ticket) process only
    Use Speed eTicket, our easy drop ticket process to take advantage of this program. Simply submit a drop ticket via iPipeline, if your client fits the requirements, ExamOne will contact the client and we will provide an underwriting decision within 48-72 hours.

For all the program parameters, refer to our Accelerated Underwriting Program flyer.
 
State of Good Health
ll Fully Underwritten Life products (Income Advantage IUL, Life Protection Advantage IUL, AccumUL Answers, Term Life Answers 10-, 15-, 20-, 30-years) will require a signed Statement of Good Health from the customer.

Upon approval of the life insurance policy, a Statement of Good Health will be sent with the policy as a delivery requirement and must be returned by the delivery date posted in the policy output package.

In some cases, policies are now mailed directly to the client. Please contact your client and let them know they need to sign the Statement of Good Health form and return it to Mutual of Omaha. If you are still receiving the policies at your office, you will need to obtain this signed form and return it to Mutual of Omaha.

Return the Statement of Good Health to:

  • Mail: Mutual of Omaha
    P O Box 3608
    Omaha, NE 68172-9603
  • Fax: (402) 997-1850
  • Email: liferequirements@mutualofomaha.com
    • If you are using a major email provider such as Microsoft (Outlook, Hotmail), Gmail or Yahoo, your emails are being encrypted and you are sending documents securely.
    • If you use an email address with a company domain name such as, agentname@companyname.com, make sure your company has an established TLS feed. Most do, but if you are unsure, please contact your Sales Director or Account Executive.

Please know we are here to support you and your business. If you have any questions, please contact your underwriting and new business teams at (800) 775-7896. Mutual of Omaha remains fully committed to the industry, to you and our customers. Thank you for your continued trust.
 

Life Underwriting Updates: Accelerated Underwriting and Statements of Good Health

 
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>   Related: Important Information Regarding Life Policy Output Procedures