Mutual of Omaha
Basic Life coverage equals 1.5 times your annual base salary + $15,000 – to a maximum benefit of $500,000.
During Open Enrollment, employees can purchase up to $60,000 of additional life insurance (over and above your Basic coverage), in increments of $10,000, without the need for evidence of insurability.
If you request an amount above $60,000, you will need to complete a Medical History Statement from Mutual of Omaha, prior to its approval. Mutual of Omaha will evaluate your request based upon your medical history, and make the determination on the approval of the additional amount of insurance.
The guarantee issue maximum amount is $300,000. Your combined Basic Life and Additional Life amounts cannot exceed a maximum of 6 times your annual earnings. During your initial enrollment as a newly eligible employee, you may apply for the guarantee issue maximum without answering health questions.