Short Paying A UL: Provide Accelerated Benefits, Guarantees, & Return Of Premium Options

Short Paying A UL: Provide Accelerated Benefits, Guarantees, & Return Of Premium Options

“Flexible premium, adjustable life” – words which are frequently used to describe carriers’ permanent Life Insurance contracts. While policies can have flexible premium schedules, which carrier offers the most benefits in a short-pay policy?

Look no further – Mutual of Omaha’s Guaranteed No Lapse UL product offers competitive pricing and also provides a guaranteed refund option in years 15, 20, 21, 22, 23, 24 and 25.

On top of the option to get the paid premiums back, Mutual of Omaha has a accelerated benefit rider built into the policy – so if the insured is later diagnosed with a chronic illness, they can choose to accelerate the death benefit to pay medical expenses.

With a $500 monthly premium, a 45 year-old male with a standard rate class can get an initial death benefit of $400,799. View the full illustration here.

Now you can offer your clients the opportunity to pay their policies sooner, and still provide them with the peace of mind of a fully guaranteed death benefit with a guaranteed refund option and the ability to apply the death benefit towards chronic illness expenses.

Do you have clients who might find their needs met by Mutual of Omaha’s UL offering? Contact your Life Sales Rep today.