New Simplified Issue Product Updates

We are excited to announce maximum issue age increases to both our IUL Express and Term Life Express Non-ROP (10T) products that will be effective March 1, 2023! These enhancements will position our Simplified Issue product options to be available in more sales scenarios and will serve a wider range of clients.

Below are some of the key updates you will need to know:

IUL Express

  • Maximum issue ages for both Tobacco and Non-Tobacco ratings will increase to age 75
    • Currently Non-Tobacco is age 70 and Tobacco is age 65
  • Maximum face amount for ages 71-75 will remain $150,000

Term Life Express Non-ROP (10T):

  • Maximum issue age for both Tobacco and Non-Tobacco will increase to age 75
  • Maximum face amount for ages 71-75 will remain $150,000

Transition Rules:

  • Applications must be signed, and submitted with a March 1, 2023 date or after, to be eligible to apply with these increased ages.

Learn more about our entire portfolio of Simplified Issue products at mutualofomaha.com/simple.
 
If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com.
 

New Simplified Issue Product Updates
 

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