If you’re looking for a complete review of Mutual of Omaha life insurance, this is for you.
Below we will cover the history of Mutual of Omaha, their financial ratings, policies, and more. By the end of this article, you will know if Mutual of Omaha can fulfill your life insurance needs.
- Brief History of Mutual of Omaha’s Life Insurance
- Mutual of Omaha Financial Ratings
- Mutual of Omaha Offers Very Competitive Rates for Life Insurance
- Types of Life Insurance from Mutual of Omaha
- How to Apply for a Mutual of Omaha Life Insurance Policy
- Alternatives to Mutual of Omaha Life Insurance
Note: Don’t make a final decision on your life insurance coverage before you compare some of the other most popular choices. We have reviews of Zander Insurance, Primerica Life Insurance, United Home, and many more. Without comparing, you may not get the best rate possible.
Brief History of Mutual of Omaha’s Life Insurance
Mutual of Omaha opened its doors in 1909. During its early years, they laid their foundation based on innovation and a focus on superior customer service. Mutual of Omaha life insurance reviews from customers show us that those foundational characteristics still remain true today.
Throughout the years Mutual of Omaha has been on the cutting-edge of the insurance industry. For example, they extended insurance coverage to women wage-earners during World War I and became the first company to include a rehabilitation provision in their disability income protection policies in 1960. They continue to be active in their local communities.
Also, Mutual of Omaha also writes life insurance under the United of Omaha name.
Mutual of Omaha Financial Ratings
Because of the company’s “ability to meet ongoing obligations to policyholders” and because of its strong financial foundation, AM Best gives Mutual of Omaha an A+ rating.
This is the second-highest rating offered by AM Best and reflects “Superior” financial strength. This definitely makes Mutual of Omaha a great company to look into, but there are also many other top-rated life insurance carriers as well.
Mutual of Omaha Offers Very Competitive Rates for Life Insurance
One of the biggest benefits of choosing Mutual of Omaha for life insurance is the company’s highly competitive rates. These affordable insurance rates and the company’s very aggressive underwriting guidelines when it comes to various health ailments make it a very popular choice among consumers.
For example, a 50-year-old male looking for life insurance can get $500,000 in coverage for as little around $80 to $85 per month for a 20-year term. A female would only pay $60 to $65 for the same policy.
Their whole life insurance policies are also very affordable.
Their Fit Program Can Lower Your Rates Even More
The company’s innovative thinking led them to create the Fit program. Mutual of Omaha’s Fit programs provides credits to help consumers move from a “substandard” offer to a more favorable one.
Individuals are rewarded for having a good driving record, a good family health history, not smoking and other health-related items. Though do not allow poor health to hinder you from seeking a great life insurance policy, we can still find you a company who will sell you a no exam policy.
Types of Life Insurance from Mutual of Omaha
When choosing a life insurance company, you first should pick the right type of policy for you.
Permanent Life Insurance from Mutual of Omaha
Mutual of Omaha life insurance offers a range of great permanent life insurance products. One of the most popular of these products is Mutual of Omaha’s “no lapse universal life” policies.
They also offer a guaranteed acceptance life insurance policy for people with high risk conditions. This policy comes with up to $25,000 in coverage and is for people between the ages of 45 and 85.
Mutual of Omaha’s Term Life Insurance
You can purchase term life insurance through Mutual of Omaha starting at 10-year terms, up to a 30-year term policy.
Their term policy is one of the best on the market because of their low rates and the company’s financial strength. However, it is always best to compare multiple companies when searching for term life insurance since each company will view your situation differently.
How to Apply for a Mutual of Omaha Life Insurance Policy
To apply for a Mutual of Omaha life insurance policy, you must use an agent, like us. We recommend using an independent agent so you can compare their rates to other top carriers.
Start by filling out our quote tool or giving us a call!
They also have implemented e-signature technology for both their term and permanent products which means you can apply without a stack of papers staring you down. It’s really convenient when buying life insurance over the phone.
Mutual of Omaha offers great products and great service to our customers. We love working with the company and always recommend their coverage to our customers when it’s the best fit.
Why Choose Us To Represent You With Mutual of Omaha?
As an independent insurance provider, our company is not required to promote certain companies and coverages. We’ve built ties with 60 life insurance carriers. This allows us to take a customer-first approach to insurance services. If Mutual of Omaha is best for you, we won’t hesitate to offer them.
Much like our Mutual of Omaha life insurance review reflects a company that is focused on customer service, you will see the same importance placed on the customer here at Rootfin. We make it point to ensure you are informed, educated and 100% satisfied with your insurance policy.
Contact us and one of our experienced agents will gladly answer any of your questions. We’ll help you compare rates from Mutual of Omaha life insurance against other companies.
Alternatives to Mutual of Omaha Life Insurance
Want to read some of our other reviews? Check out some of the other carriers we’ve detailed below.