guarateed uiversal life Uited of Omaha Life Isurace Compay A Mutual of Omaha Compay product guide L8416_0314 For Producer use oly. Not for use with the geeral public. 1
Guaratee your cliets future. Guarateed Uiversal Life ca help you provide solid, secure protectio that will allow your cliets to focus o today rather tha worry about their future. This Product Provides: Flexibility: Adjust premium stream Adjust guarateed period Adjust the face amout Guaratees: Dial-a-guaratee feature Face amout reductio Exted coverage for a lifetime Dial-A-Guaratee The guarateed coverage ca be a maximum of lifetime coverage to age 120 or miimum of age 80 (20 years for ages 61 ad above). Features Product base pla, provisios, features ad riders may ot be available i all states. Miimum Face Amouts/Issue Ages Based O Age Last Birthday $50,000 $99,999 Ages 66-85 Stadard Notobacco ad Stadard Tobacco risks oly $100,000+ Ages 18-80 All Risk Classes Ages 81-85 Stadard Notobacco ad Stadard Tobacco risks oly (First Year Premium over $1,000,000 requires home office approval) Risk Classes Preferred Plus (otobacco) Preferred (otobacco tobacco) Stadard Plus (otobacco) Stadard (otobacco tobacco) Table rated (otobacco tobacco) Iterest Rate A miimum iterest rate of 2 percet is guarateed o the cash accumulatio value. Death Beefit Optio Optio 1 level death beefit oly. Maturity Age Age 120 Mothly Deductios A mothly deductio is take from the cash accumulatio value, ad icludes the followig: A $5 per moth admiistrative fee i all moths A mothly charge per $1,000 of the specified amout of isurace Cost of isurace for the curret moth Cost of ay riders for curret moth Premium Charge A 10 percet premium charge for all years for each paymet Loas Years 2+ Charge 4.76 percet i advace Credit 2 percet The miimum loa amout is $100 (may ot apply i all states). Partial Withdrawals Partial withdrawals are available after the first policy aiversary ad carry a $100 hadlig fee. The miimum withdrawal is $500. The maximum partial withdrawal is a percetage of the cash surreder value, less ay outstadig loa balace, less a amout ecessary to keep the policy ad ay riders i force for three moths. The maximum partial withdrawal percetages are: Years 2-19 90 percet Years 20+ 100 percet I policy years 2-19 oly oe partial withdrawal is allowed per year. Surreder charges will apply if partial withdrawals are take from the policy. No-Lapse Protectio The umber of years the death beefit will be guarateed depeds upo paymet of sufficiet premium to satisfy the o-lapse protectio requiremet of the policy. As log as the isured s o-lapse protectio has bee met to age 120, the specified amout will be guarateed to age 120. Specified amout chages, withdrawals, loas, ad premium paymets that are less tha plaed, paid late or skipped will impact the o-lapse protectio selected. This meas the protectio could be lost if you take these actios. If the o-lapse protectio selected has bee lost, the cash value may be zero, ad higher premium paymets may be ecessary to keep the policy i force. There is o explicit charge for the death beefit protectio. Flexible Premiums The plaed premium is flexible ad may be chaged by the isured oce durig the policy year, begiig i policy year two ad thereafter. The isured may also make additioal premium paymets at ay time. Premiums are payable to age 120. Missed or late premiums ca affect the o-lapse protectio. 2
Catch-Up Optio This allows the isured to catch up if the premiums are less tha plaed, paid late or skipped. These evets cause the selected Death Beefit Protectio period to be reduced. To catch up to the origially selected o-lapse protectio period, the isured must pay more total premium provided the o-lapse protectio is i effect. Riders icluded i the base policy (subject to state approval): Accelerated Death Beefit for Termial ad Chroic Illess Rider These riders are available at issue o all policies. The defiitio of chroic or termial illess may vary by state. Termial Illess Rider: This rider provides a accelerated death beefit if the isured provides evidece that their life expectacy is 12 moths or less. The requested beefit amout may ot exceed the lesser of $1,000,000 or 80 percet of the curret death beefit. Chroic Illess Rider: This rider provides a accelerated death beefit if the isured is uable to perform 2 of 6 Activities of Daily Livig (ADLs) for 90 cosecutive days, as certified by their physicia, ad requires substatial supervisio to protect him or herself from threats to health ad safety due to severe cogitive impairmet. The requested beefit amout may ot exceed the lesser of $1,000,000 or 80 percet of the death beefit at the time of the first accelerated death beefit paymet request. Waiver of Surreder Charges for Partial Withdrawals A portio of the fuds may be withdraw with o surreder charges i evet the isured is: Hospitalized or cofied to a ursig home Uemployed ad receivig uemploymet beefits for at least 60 days Disabled ad has bee approved for Social Security disability beefits Diagosed with termial illess that will result i death withi the ext 12 moths Faced with the death of a spouse, civil uio parter or mior depedet Determied to have physical damage of $50,000 or more to his/her primary residece Udergoig trasplat surgery as a orga door or recipiet of liver, lug, kidey, pacreas, or boe marrow (recipiets oly) Additioal Riders available for purchase (subject to state approval): Guarateed Isurability Rider The rider ca oly be added at issue, ad is available for the base policyower oly. Not available o rated cases. At issue, the isured must elect a amout betwee $10,000 ad $50,000 ad will remai costat for each electio. While this rider is i force, you will have the optio to icrease the Specified Amout of the policy. You may elect to icrease the Specified Amout up to 90 days followig: (a) marriage of the isured; (b) the birth of the isured s child; (c) the adoptio of a child by the isured; ad (d) the 3rd policy aiversary ad every three years thereafter util the rider expires. Your ability to icrease the Specified Amout uder item (d) will termiate if you do ot exercise a Specified Amout icrease for five cosecutive years. This rider will termiate o the earliest of the followig: (a) the policy aiversary date followig the isured s 50th birthday; (b) the date the curret Specified Amout is double the amout of the isured s iitial Specified Amout; (c) the date the isured s curret Specified Amout reaches $1,000,000; or (d) the date the policy eds. Accidetal Death Beefit Rider The rider ca oly be added at issue, ad is available for the base policyower oly. It is available to issue ages 18-60 with reewal ages 19-64. The miimum amout is $10,000 ad the maximum amout applies to: Issue ages 18-25 = $100,000 Issue ages 26-60 = $250,000 Or two times the face amouts, whichever is less Disability Waiver of Policy Charges Rider* The rider ca oly be added at issue, ad is available for the base policyower oly. Available to issue ages 18-55 with reewal ages 19-59. Whe we receive proof that the disability of the Isured bega while this rider was i force ad has cotiued for six moths or more, we will: (a) icrease the isured cash value by ay mothly deductio amouts that had bee paid for the period of disability after the policy moth i which disability bega. Iterest for these amouts will be added to the cash value. (b) waive future paymets of the mothly deductio amout for the policy durig the time the Isured is disabled util the maturity date of this policy. Mothly deductio amouts paid for a period more tha 12 moths before the date otice of disability is received by us will ot be waived. If disability begis durig a grace period while this rider is i force ad eds i the death of the Isured before the disability has cotiued for six moths, we, upo receipt of proof of such disability ad death, will cotiue this policy i force util the time of death. Ay upaid mothly deductio amouts will be deducted from the death beefit. DEFINITION OF DISABILITY Disability meas icapacity which: (a) results from either bodily ijury sustaied or disease first maifested while this rider is i force; (b) begis after the date of issue of this rider ad before the policy aiversary date followig the Isured s 60th birthday; ad (c) prevets the Isured from doig for pay or profit ay activity for which they have educatio or experiece. *Oly oe Disability rider may be added 3
EXCLUSIONS This rider is ot effective if disability results from: (a) a act of declared or udeclared war; or (b) itetioal self-iflicted ijuries. TERMINATION This rider will termiate: (a) o the policy aiversary followig the Isured s 60th birthday; or (b) at the expiratio of the grace period, or (c) writte request of the ower. Associatio Group Disability Rider This is icluded at o additioal charge for qualifyig associatio members. Disability Cotiuatio of Plaed Premium Rider* Available to issue ages 18-55 with reewal ages 19-64. If the isured becomes disabled before the policy aiversary followig the isured s 65th birthday ad the disability cotiues for at least six moths, this rider will cotribute a specified mothly amout of premium to the policy durig the cotiuace of the disability, eve if the disability exteds beyod age 65. Depedet Childre s Rider The rider ca oly be added at issue. Available to issue ages 18-55. This rider provides coverage to each covered child s 23rd birthday or to the policy aiversary followig the isured s 65th birthday, if earlier. The rider termiates ad the premium stops at the earlier of the aiversary date followig the isured s age 65 or the yougest child attais age 23. The Childre s Rider covers all umarried childre (age 15 days through 20 years (i.e., caot be added after 20 years of age)) who are members of the isured s household ad listed i the applicatio. *Oly oe Disabilty rider may be added Childre bor or adopted after issue of this rider are icluded automatically whe they attai the age of 15 days. Whe the coverage o a child expires, the child may, without evidece of isurability, covert to ay form of permaet isurace up to $5,000 for every $1,000 of term coverage. This rider is available i amouts of $5,000 ad $10,000. Policy Exclusio The face amout will ot be paid if the isured s death results from suicide, while sae or isae, withi two years from the date of cotestability* (withi oe year i CO, MO ad ND). Istead, we will pay the sum of premiums paid sice issue mius the sum of ay loa ad ay partial withdrawals. I MO, beefits are paid for all causes of death uless evidece shows that suicide was iteded at the time of purchase. It is possible coverage may ot cotiue to the maturity date eve if plaed premiums are paid i a timely maer. This restrictio will ot apply whe the o-lapse protectio is i effect. If the policy does cotiue i force to the maturity date, it is possible that there will be little or o cash surreder value at that time. Policy values will be affected to the extet iterest credits ad cost of isurace charges are more favorable tha guarateed credits ad charges. *I AZ, date of issue. Limitatios Durig the first three policy years, the Specified Amout may ot be decreased to be less tha 50 percet of the Iitial Specified Amout. 4
Uderwritte by: Uited of Omaha Life Isurace Compay A Mutual of Omaha Compay Mutual of Omaha Plaza Omaha, NE 68175 mutualofomaha.com For Producer use oly. Not for use with the geeral public.