Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Life Insurance

Mutual Of Omaha Adds Term Policies

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

A Midwestern insurer is expanding its line of protection products.

Mutual of Omaha Insurance Company, Omaha, Neb., is introducing the Term Life Complete and Term Life Express term life insurance policies.

The Term Life Complete policy offers a traditional underwriting process and face amounts starting at $100,000.

The Term Life Express policy may cost more in some cases, but the minimum face amount is only $50,000, and consumers can qualify for the coverage by going through a simplified underwriting process, Mutual of Omaha says.

Both policies include an accelerated death benefit feature that can pay terminally ill insureds 92% of the death benefit in the form of a lump sum.

The policies also come with a built-in unemployment provision that can keep coverage in effect for up to 6 months while a policyholder is unemployed and unable to make premium payments.

One of the optional riders available with the policy provides disability income coverage, Mutual of Omaha says.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.