Mutual of Omaha has modified the compensation rates for Term Life Answers (TLA) policies converted to one of our permanent policies:
- Now, term conversions years 2 through 9 will receive full new business first-year commissions payable — an increase to what is currently paid!
- For term conversions in years 10+, the year 2 renewal commission rate will apply
Transition Rules: TLA term Conversion applications signed on July 23, 2022 and later and/or received by the Home Office on July 30, 2022 or later, will receive the new term conversion compensation detailed above. No exceptions will be made. Read More.