Policy Lapses & Surrenders

In accordance with Mutual of Omaha’s producer contracts, if a policy lapses or the policyowner surrenders their policy within the first 6 months of issue, we will charge back 100% of the commission that was paid to you for that policy. If the policy lapses or is surrendered in months 7-24, we will charge back 50% of the commissions paid to you.

This impacts the following products:

• Income Advantage IUL
• Life Protection Advantage IUL
• Professional Advantage IUL

If you have any questions, please contact the broker compensation team at 800-475-4465 or  broker.compensation@mutualofomaha.com