Omaha: Introducing the New Life Protection Advantage IUL

News Image 04-20-2017

Effective May 1, Omaha will be adding to their Indexed Universal Life family of products. Life Protection Advantage joins Income Advantage in their Indexed Universal Life portfolio. While Income Advantage focuses on accumulation and protection, Life Protection Advantage is designed with an even greater emphasis on the death benefit protection.

Protection That’s Guaranteed
The new Life Protection Advantage IUL provides guarantees that can help clients plan confidently for the future. For most, paying the long-term no-lapse protection premium guarantees their death benefit coverage will last up to – or even beyond – their life expectancy at issue.

Life Protection Advantage IUL is designed for clients who value protection for those they care about and who:

•Want to lock in a death benefit that is guaranteed for a meaningful number of years
•Understand the additional years of death benefit protection they need beyond the long-term no-lapse protection period may be extended on a non-guaranteed basis
•Want the potential for greater growth than a traditional fixed interest universal life policy can offer, and are comfortable with their interest rate being based on the performance of a market index
•Prefer a policy with flexibility for the future – with features such as: ◦A Guaranteed Refund Option, which provides qualifying clients with opportunities to get their premium back
◦Accelerated Death Benefit Riders, which allow clients the opportunity to access a portion of their death benefit early for terminal or chronic illness
◦A cash value* that can be accessed via loans and withdrawals

State Approvals
The new Life Protection Advantage IUL is currently approved in all states except California and New York. We will continue to notify you as additional state approvals are received.



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