This calculator helps you estimate potential rates for Mutual of Omaha's life insurance products. Please note that this is an estimation, and actual rates may vary based on your individual health, lifestyle, and specific policy details. For an accurate quote, please consult with a licensed insurance agent.
Male
Female
Select Health Class
Preferred Plus
Preferred
Select Plus
Select
Standard Plus
Standard
function calculateRate() {
var age = parseFloat(document.getElementById("age").value);
var gender = document.getElementById("gender").value;
var coverageAmount = parseFloat(document.getElementById("coverageAmount").value);
var healthClass = document.getElementById("healthClass").value;
var resultDiv = document.getElementById("result");
resultDiv.innerHTML = "";
if (isNaN(age) || isNaN(coverageAmount) || age <= 0 || coverageAmount <= 0) {
resultDiv.innerHTML = "Please enter valid numbers for age and coverage amount.";
return;
}
if (healthClass === "select") {
resultDiv.innerHTML = "Please select a health class.";
return;
}
// Base rate factors (highly simplified for demonstration)
var baseRatePer1000 = 0.5; // Example base rate
var ageFactor = 1;
if (age < 30) ageFactor = 0.8;
else if (age < 40) ageFactor = 1;
else if (age < 50) ageFactor = 1.5;
else if (age < 60) ageFactor = 2.5;
else ageFactor = 4;
var genderFactor = 1;
if (gender === "female") genderFactor = 0.9; // Generally lower rates for females
var healthClassFactor = 1;
switch (healthClass) {
case "preferredplus": healthClassFactor = 0.7; break;
case "preferred": healthClassFactor = 0.85; break;
case "selectplus": healthClassFactor = 1; break;
case "select": healthClassFactor = 1.2; break;
case "standardplus": healthClassFactor = 1.4; break;
case "standard": healthClassFactor = 1.7; break;
}
var estimatedMonthlyRate = (baseRatePer1000 * (coverageAmount / 1000)) * ageFactor * genderFactor * healthClassFactor;
// Add a small random variation for more realistic feel (optional)
var variation = Math.random() * 0.1 – 0.05; // -5% to +5%
estimatedMonthlyRate = estimatedMonthlyRate * (1 + variation);
resultDiv.innerHTML = "Estimated Monthly Rate: $" + estimatedMonthlyRate.toFixed(2);
}
.form-group {
margin-bottom: 15px;
}
.form-group label {
display: block;
margin-bottom: 5px;
font-weight: bold;
}
.form-group input[type="number"],
.form-group select {
width: 100%;
padding: 8px;
border: 1px solid #ccc;
box-sizing: border-box;
}
button {
padding: 10px 15px;
background-color: #007bff;
color: white;
border: none;
cursor: pointer;
}
button:hover {
background-color: #0056b3;
}