Industry News

Mutual of Omaha New ABR rider for CA

As of April 1, 2016, the new Accelerated Benefit Riders for Terminal and Chronic Illness are available for your clients in California.
The Accelerated Benefit Riders for Terminal and Chronic Illness are available on GUL, GUL Plus, GUL Express and Income Advantage IUL. TLA policies will only include the Terminal Illness Rider.

  • The Chronic Illness Rider provides benefits if the insured is unable to perform 2 of 6 Activities of Daily Living for 90 consecutive days or has severe cognitive impairment. The maximum benefit for this rider is the lesser of $500,000 or 80% of the face amount.
  • The Terminal Illness rider provides benefits if the insured provides evidence that their life expectancy is 12 months or less. The maximum benefit for this rider is the lesser of $1,000,000 or 80% of the face amount.

Both of these riders are included at no additional cost and no additional underwriting.  They are included on all risk classes.

Call us for more info! 800-990-9993

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