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Life Underwriting Update from Mutual of Omaha

Mutual of Omaha will be adjusting their temporary guideline changes effective May 24, 2021. These guidelines apply to all fully underwritten life insurance cases and includes all newly submitted and pending in-house cases, whether formal or informal.

Acceptance Guidelines Based on Insured’s Issue Age

  • If the client is age 0-59:  The client is eligible for their best risk class Underwriting*
  • If the client is age 60-79:  Risk class must be Table 4 or better
  • If the client is age 80 and above:  All cases will be temporarily postponed

A current statement of health is required on all policy approvals.

An applicant’s Covid-19 vaccination status will not be considered in determining the eligibility for coverage or underwriting classification.

Fit Underwriting Program 

Mutual of Omaha will be reinstating the FIT underwriting program for ages 18-75 except for those with co-morbid conditions.

International Travel Guidelines

All fully underwritten life insurance cases where the proposed insured plans to travel or has traveled internationally to countries under a Level 4 travel advisory will be postponed until they have been back in the United States for a minimum of 30 days.

*If the individual has co-morbid conditions resulting in a rating higher than Table 4, it may be postponed