Mutual of Omaha has announced that it has increased the maximum face amount on its children’s whole life product from $30,000 to $50,000.
AIG has introduced new lower rates on its Select-a-Term product for bands above $250,000. New products were available effective January 22. Applications issued on or before January 22 automatically received the old products. Products issued after January 22 will automatically receive the new rates. Requests for reissue with new rates will not be honored.
Effective January 1 Protective increased the price on its Survivor UL product. Applications signed before December 31 and received before January 1 received the old rates. Applications signed and received after January 1 will be issued the new rates.