ALB Insurance Marketing > Product Comparison

Mortgage Plan Comparison

Mortgage Plan	Life Investors	Old Mutual	Mutual of Omaha	Americo
	Ultima Home Protector	HomeCertain	Mortgage Term Plus/Term Express	Home Mortgage Series
Age Limits	15 yr (5yr G) - 20-60 15 yr (15yr G) - 20-60 20 yr (5yr G) - 20-55 20 yr (20yr G) - 20-55 25 yr (5yr G) - 20-50 25 yr (25yr G) - 20-50 30 yr (5yr G) - 20-45 30 yr (30yr G) - 20-45	10 yr (10yr G) - 20-60 10 yr (5yr G) - 20-60 15 yr (15yr G) - 20-65 15 yr (5yr G) - 20-70 20 yr (20yr G) - 20-55 20 yr (5yr G) - 20-55 25 yr (20yr G) - 20-50 25 yr (5yr G) - 20-50 30 yr (30yr G) - 20-50 30 yr (15yr G) - 20-65	15 yr - 18-55 30 yr - 18-50 30 yr to age 65 with 5 yr guarantee *Check state specifics	15 yr (15yr G) - 20-65 20 yr (20yr G) - 20-60 25 yr (25yr G) - 20-55 30 yr (30yr G) - 20-50 30 yr (5yr G) - 20-60
Age Type	Age Last Birthday	Age Last Birthday	Last Birthday	Age Last Birthday
Guarantees	Full guarantee option available	Full guarantee option available	Full guarantee option	Full guarantee option
U/W	Simplified issue Underwriting	Simplified issue Underwriting	Non-med to $250K $250,001 to $400K - Saliva test and Phone Interview	Non-med to $250,000 - Saliva test to $400,000
Mortgage Certificate	180K no proof of mortgage required	250K with proof of mortgage required	No mortgage required	No mortgage required
Pipe, Cigar & Chewer smoker rate	Rated as smokers	Rated as non-smokers	Smoker	Rated as smoker
Commissions	Paid daily, on delivery receipt	Paid daily, on request	Weekly	Paid weekly
Rating	A+	A	A+	A-
Accelerated Death Benefit/Critical Illness	Free where approved	Extra prmium required	Free	Extra premium required
Accidental Death Rider	N/A	1/2 of faace amount for no charge	N/A	Available with extra premium
Face Amount	$25,000 to $180,000	Minimum: $25,000-$250,000	$50K-$400K	Minimum: $25,000 ($50,000 in WA) - Max: $400,000
Optional Riders	Return of Premium (no avail on decreasing) Mortgage payment Terminal illness Waiver of Premium Child insurance Second Mortgage Holder	Return of Premium Disability protection Child & other insured Critical illness Accidental Death Rider Waiver of premium Accidental Disability Ultimate income Extended premium guarantee	Unemployment - free Common Carrier - free Stroke/Heart Attack/Cancer - free Residential damage waiver - free Accelerated death benefit - free	Return of premium Child rider Accidental death Waiver of premium Own/occ disability Additional insured term Critical illness
States not approved	OR, NJ & WA (25, 30 yr only) FL, UT & WA ROP not approved	NY	State specific	AK, NY, NJ, VT
Special features	Separate rates for M/F Short application Accept/Reject underwriting Prescription check	Industry standard Mortgage protection product Accept/Reject underwriting	No mortgage certificate required No APS Installment payout Limited PHI's A lot of free riders - prescription check	Own occupational disability rider Renewals for 10 years No EKG under $1M