Mutual of Omaha - Whole Life Express Highlights
Product Information: (Brochures and Material vary by state)
Issue Ages - (Age Last Birthday):
- 0-80
- Age last birthday
Target Market:
- Individuals who want small face amounts of insurance protection for needs such as final expenses
- Juveniles to guarantee future insurability and to build cash values.
Needs:
- Small face amount of permanent insurance
- Fully guaranteed death benefit
- Level premiums
- Covers final expenses
Underwriting Classes:
- Tobacco
- Non-Tobacco
Table Rate-Up Percentage:
- N/A
Premuim Modes (Modal Factors)
- Annual (1.00)
- Quarterly (.275)
- Semi-Annual (.52)
- Monthly BSP (.089)
Policy Fee
- $36 Annual Policy Fee
- Commissionable
Riders:
- None: (Please refer to product guidelines for more details)
Guaranteed Interest Rate:
- N/A
Low-Cost Loans
- A 7.4% interest rate is payable in advance, 8% effective annual rate.
Partial Withdrawals:
- None
Death Benefit Guarantees:
- Policy is guaranteed to endow at age 100 as long as premium is paid.
Other Product Features:
- Simplified Underwriting
- Small Face Amounts
- No death benefit reductions in the early years