Omaha, Neb. – (October 18, 2007) Mutual of Omaha’s new Term Life 10, 15, 20, 30 plans not only are designed to provide basic, affordable life insurance protection for every stage of life, but they offer some of the industry’s best premium rates.
Term periods offered are 10, 15, 20 and 30 years, during which consumers will receive a level death benefit and level premiums. Term 10 and 15 are available in face amounts of $100,000 and above. Term 20 and 30 are available in face amounts of $50,000 and above. Full underwriting applies.
Optional riders provide flexibility to tailor the coverage for specific needs:
- Accelerated Death Benefit – included at no additional cost in most states, pays 94 percent of the death benefit in a lump sum if life expectancy is 12 months or less.
- Accidental Death Benefit – provides for an additional death benefit amount in the event of accidental death.
- Dependent Children – option to purchase a small amount of term life coverage for children (up to age 23). Helps secure insurability later in life as it can be converted to permanent life.
- Other Insured – option to purchase coverage for another adult individual. Full underwriting required.
- Waiver of Premium – allows for the premium to be waived for the duration of the disability.
Mutual of Omaha is a full-service, multi-line provider of insurance and financial services products for individuals, businesses and groups throughout the United States. Founded in 1909, Mutual of Omaha and its affiliate companies manage assets in excess of $18 billion and are ranked among the Fortune 500.
