Mutual of Omaha Indexed Universal Life Product Review

Today is another IUL product review day!

The Mutual of Omaha Indexed Universal Life is commonly used by large agencies for various strategies, but I am very intrigued on why.

Mutual of Omaha is a great company (A rated), but from a industry wide standpoint, this policy fails to be the best in many categories. From a lack of Indexing Diversity to the middle of the pack loan provisions, there are simply better products out there, especially if your goal is Maximum Cash Growth and Income.

The highlights of the product would be found in its riders. However, for people looking for cash growth vehicles, these riders should come just as an added bonus.

Indexed Universal Life can be done right and it can be done wrong. The most important thing is that you understand the mechanics of the policy you are considering and make sure it is designed in your favor...Not the broker.

This is why people work with us at Leveraged Wealth!

Chapters
00:00 Introduction
00:36 Indexing Options
03:00 Loan Provisions
05:01 Riders
07:06 Overall Grade

[JeffWeidner-yf]

The only way I see that the 6.2% working is because their fees are lower than most IUL's I've reviewed. So in a down year(s) the fees won't push the account negative due to excessive fees.

[jaym]

Matt, excellent review!

To expand on one item...when you spoke about the maximum illustrated rate of 6.20 percent, your viewers may not be aware that Mutual of Omaha calculates their benchmark index account using historical minimum, maximum and average crediting rates of all 25-year periods within the past 65 years for the S&P 500 Index, which conforms to both Actuarial Guideline 49 and 49A. They assume a 100 percent allocation to the one-year 100 percent participation index interest crediting strategy using the current cap. Not all carriers use this approach. Others may use a hypothetical benchmark index account that is not available in the product. For example, under Actuarial Guideline 49-A, a company may use a cap for the benchmark index account not to exceed what can be purchased with the company’s annual net investment earned rate (ANIER).

[alpesh]

Matt, Now Omaha have BofA U.S. Agitility Index .. What do you think now about mutual of Omaha

[financialprotectionagencyi]

Love it. Another great review Sir. Love to see a review of the F&G Pathsetter. Or the Execudex!

[CdotForbes]

This is the product that MPI is based on.

Can a Life Insurance company add indexes in the future or is it set in stone once it is in force? If that were the case I could see how this could improve it's overall grade.

[rachann]

Children's and newborn policy review. Thank you for sharing

[AboveAvgMan]

I don't want to corrupt the time line but you are the great great great grandfather of united federation of planets starflete commodore matt decker .

[ashleytaylor]

Can you do a F & G max accumulator review please

[howtoinvestyourself]

What are your thoughts on having a MPI IUL policy with Omaha and a Whole Life with One America to use both as a IBC

[DallinBunnell]

Can we do a similar review for a similar company, Columbus Life?