TLE Non-ROP Issue Ages Increased

On October 1st, the new issue ages for 10T and 15T Non-ROP Term Life Express (TLE) policies have increased. We also added four new benefit triggers for the Living Benefits Rider.

New Issue Ages

  • Issues Ages 18-50: $25,000-$300,000
  • Issue Ages 51-60: $25,000-$250,000
  • Issue Ages 61-70: $25,000-$150,000

New Living Benefits Triggers for Critical Illness
As of October 1st, the Critical Illness Living Benefits Rider will now include benefit triggers for dementia (including Alzheimer’s), major burns, AIDS, and aortic aneurysm surgery in addition to the existing triggers (ALS, kidney failure, life-threatening cancer, major organ failure, heart attack, stroke)
 
Here’s What You Need to Know:

  • Sales effective date: October 1, 2018
  • Issue age/rate class change is available in all states; Living benefit trigger changes are available in all states except California

Transition Rules:

  • Application signed prior to October 1, 2018:  Must be received in the home office by October 31st to be eligible for the current issue age/face amount limits. In addition, the Critical Illness Living Benefits Rider will reflect the current triggers
  • Applications signed on or after October 1, 2018:  Will use the new issue age/face amount limits, as well as the new triggers for the Critical Illness Living Benefits Rider

For more information or if you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083.
 

TLE Non-ROP Issue Ages Increased
 

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