Upcoming Changes to Our Life Product Portfolio

Mutual of Omaha is financially strong and we continue to focus on growing our company. Our commitment to growth is what helps ensure that we’ll be around when it comes time for us to deliver on the promises we’ve made to our policyholders. This continued growth requires an investment of capital, and as a mutual company, we rely primarily on our earnings to create new capital. Recently, statutory earnings have been impacted by several economic factors, including a prolonged low interest rate environment. We’re proactively addressing this trend in 2020 to produce positive statutory earnings and maintain our long-term financial
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

2020 Life Product Changes: Transition Rules

Effective January 1, 2020, we will be making changes to our life product portfolio, including discontinuing our Guaranteed Universal Life product, repricing our Level and Graded Living Promise Whole Life final expense products, repricing our Term Life Express Non-ROP product and discontinuing our Term Life Express 20-Year ROP product. Below is a summary of the transition rules. More information on these product changes and transition rules can be found in our 2020 Life Product Changes Frequently Asked Questions document.   GUL and TLE 20-Year ROP policies: You will still be able to submit applications for GUL and TLE 20-year ROP
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

What Will You Do With the Power of the Drop?

Raging rivers, towering waterfalls and roaring tidal waves all started with just one drop. It’s proof that a single drop can change the landscape. And now you have the power to change the GUL Express landscape with just one drop. On October 1, 2019, GUL Express became even more competitive with some big changes. Find GUL Express sales ideas in our updated sales solution flyer. If you have questions, contact your Sales Director or Account Executive.   What Will You Do With the Power of the Drop?   #goldencareagent #mutualofomaha
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

GUL Express Rates Are Dropping

On October 1, 2019, we will be making Guaranteed Universal Life (GULE) even more competitive, with rate decreases between 5 and 30 percent! Product Updates We will be decreasing rates – in some cases up to 30%! We will be expanding the maximum issue age for non-tobacco to age 70 (tobacco will remain at age 65) We will be changing the maximum face amounts to match Term Life Express. The maximum face amounts will now be: 18-50: $300,000 51-60: $250,000 61-65: $150,000 61-70: $150,000 The Disability Continuation of Planned Premium Rider will be introduced on GUL Express in California at
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Provide Added Flexibility with Multiple GUL Policies

By choosing a Guaranteed Universal Life, your client receives life insurance protection that is guaranteed for a period up to their lifetime. The client also has flexible options for the future using the Guaranteed Refund Option rider, which is included at no additional cost on all qualifying GUL policies. Learn how purchasing multiple policies can give your clients added flexibility. View the sales idea flyer. This concept can be illustrated for your clients using our What If Report, available on the Winflex Illustration Software Reports tab.   If you have any questions, please contact Mutual of Omaha’s Sales Support at
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).