Mutual of Omaha is opening 2016 with a significant upgrade to the GRO Rider that is included at no cost on all GUL and GUL Plus policies: Effective January 1st, there will be a total of six windows allowing 100% ROP in policy years 20, 21, 22, 23, 24 and 25. This obviously offers clients the extra flexibility that just may tip the next case in Mutual of Omaha’s favor. Read on for the details.


Mutual of Omaha Upgrades GRO Rider to Six 100% ROP Windows

Mutual of Omaha is pleased to announce an enhancement to the Guaranteed Refund Option Rider. Effective January 1, 2016, the policy owner has the ability to exercise the GRO for 100% on the following anniversary dates:

  • Policy Year 20
  • Policy Year 21
  • Policy Year 22
  • Policy Year 23
  • Policy Year 24
  • Policy Year 25

As always this rider is included with no additional cost. Mutual also kept the option for the policy owner to access 50% after the 15th anniversary.

Important: To qualify for this rider, the policy must be funded to carry to age 100 and we will verify this every policy anniversary to provide assurance to the policy owner.

Transition Rules:

  • For GUL and GUL Plus, applications signed on or after January 1, 2016 will receive the new rates and the enhanced GRO rider.
  • For applications dated prior to January 1, 2016 and received by Mutual of Omaha prior to January 30, 2016, the client can choose to have the new GRO rider and pricing by contacting underwriting.
  • Please see the formal announcement from Mutual of Omaha for additional details.