Do you have existing term clients who are interested in the Long-Term Care Rider? These clients can convert their life policy to an Income Advantage IUL or Life Protection Advantage IUL policy at the same class and will only need to go through underwriting for the Long-Term Care Rider.

Here’s what you need to know:

• The client will need to complete a Fully-Underwritten Life Insurance App Pack plus the LTC Rider Supplemental App Pack. The Term Conversion App Pack cannot be used when the client is requesting the LTC Rider.
• The client will need to go through full underwriting and complete all underwriting requirements; however, the information collected during the underwriting process will only be used to determine the LTC Rider risk class. The base life insurance policy will retain the same risk class as the term policy.
• If your client does not qualify for the LTC Rider, his or her new policy will still include the Accelerated Death Benefit for Chronic Illness Rider at no additional cost.

For more information on our new Long-Term Care Rider available on Income Advantage IUL and Life Protection Advantage IUL, go to MutualofOmaha.com/ltc-rider.
 

Term Conversions with the Long-Term Care Rider
 

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