It’s important that we continually review our product portfolio and make decisions that are in the long-term best interest of our policyholders and our distribution partners.
Effective April 1, 2020, we will be updating our Term Life Answers (TLA) product pricing for new issue policies.
Our TLA product continues to provide clients with value and we will continue to offer these competitive product features:
- Age Last Birthday Underwriting
- FIT Underwriting Credit Program
- Accelerated Underwriting Program Flyer (for drop ticket applications only)
- Conversion Priviledges
- No-Cost Waiver of Premium for Unemployment Rider
In addition to the product features above, effective April 1, 2020, we are also reducing our quarterly modal factor from .275 to .265.
Transition
TLA applications signed on or after April 1, 2020 will receive the new pricing. To receive the old pricing, TLA applications need to be signed prior to April 1, 2020 and must be received in the Home Office no later than April 30, 2020. For pending applications in-house with an application signed date prior to April 1, 2020, the agent/broker will need to contact the Underwriting department if they wish to receive the new rates.
Marketing Materials
Marketing materials have been updated and are available for ordering through your normal supply channels.
Mutual of Omaha remains committed to being your Carrier for Life. If you have any questions about the TLA changes, please contact your Sales Director.
Term Life Answers Pricing Changes
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