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 that those foundational characteristics still remain true today.
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.
Before you make your final life insurance purchase decision though, we recommend looking into some other company reviews as well, such as our reviews on Zander Insurance, Primerica Life Insurance and United Home.
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. The list goes on.
Also, Mutual of Omaha also writes life insurance under the United of Omaha name.
Our Mutual of Omaha Life Insurance Review
One of the biggest benefits that comes to mind with Mutual of Omaha are 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.
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.
The company’s innovative thinking led it to creating 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 work with companies that offer no medical exam life insurance if that is what is best for your needs.
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...oh yeah, and it's really convenient when buying life insurance over the phone. We use their e-signature technology as much as clients feel comfortable with using it.
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 given the opportunity.
At Rootfin, we would love earn your business and provide you with an insurance quote from Mutual of Omaha. Please don't hesitate to contact us and one of our experienced agents will gladly answer any of your questions and find you the best rate on Mutual of Omaha life insurance.
Deciding Which Policy Is Right For You
Regardless of which company that you choose, Mutual of Omaha or one of the thousands of other companies, it’s important that you purchase the right type of coverage for you and your family. The two main types of life insurance plans are term insurance policies or whole life insurance plans. Each of them has different advantages or disadvantages that you should consider based on your specific needs.
Term life insurance plans are the most common types that people purchase. These plans are bought with a predetermined expiration date, and after that date, the plan is no longer active, which means that you won’t have life insurance coverage. Because these plans are going to expire in the future, they are going to be more affordable than other types of coverage. You can buy these plans in a variety of lengths, anywhere from 5 years to 30 years.
The other main type of coverage is whole life insurance plan. These policies are a permanent form of coverage, which means that they won’t ever expire. As long as you continue to pay the premiums for the plan, you’ll have insurance. These policies are a great option for anyone that doesn’t want to worry about having to reapply for coverage in the future. Another additional advantage of whole life policies is that they build cash value. The longer that you pay the premiums, the more value that they are going to have inside of them. You can use that value to pay the premiums for the policy.
How Much Life Insurance Do You Need?
One of the most important decisions that you’ll make for shopping for insurance is how much coverage that you’ll need to buy. The vast majority of policyholders are drastically underinsured. That means that if something were to happen to them, their loved ones would be left with additional bills and expenses that they wouldn’t have to money for. There are several key categories that you’ll need to account for to ensure that you’re getting enough life insurance for your family.
The first number that you should crunch is your debts and other bills that your family would be left with. The primary goal of your insurance policy is to pay off any outstanding debts that your loved ones would be responsible for. Before you purchase life insurance, add up your mortgage loan, student loans, business loans, and other outstanding loans. Make sure that your life insurance plan is large enough to pay off all of those bills. Losing a loved one will never be easy, but being stuck with hundreds of thousands of dollars of debt is going to make the situation a million times worse.
The next number that you should look at is your annual income. If you’re the primary income earner in your home, your family will struggle if something tragic were to happen to you, but that’s where your life insurance comes in. It will give your family the money that they need to replace your paycheck without having to sacrifice their standard of living.
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. This allows us to take a customer-first approach to insurance services. If Mutual of Omaha is the right fit for you, we won't hesitate to offer them.
Much like Mutual of Omaha life insurance reviews reflect 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.
Please contact us today for your free life insurance quote or with any of your questions regarding life insurance from Mutual of Omaha. Whether you are looking into purchasing your first life insurance policy, or looking to replace one that is not of much benefit to you, we are here to help!
We are a group of independent insurance agents, which means that we don’t work with just one single company, like Mutual of Omaha. Instead, we represent dozens of highly rated companies across the nation. We know which companies are going to give you the best rates based on your specific situation. There are thousands and thousands of companies on the insurance marketplace, which means that you could spend hours and hours calling all of those companies yourself, or you can let us do all of that work for you.
We know that nobody wants to think about his or her death, but not planning for the worst could be a dire mistake for your family. It would leave them emotionally stressed as well as financially devastated. Because you never know what’s going to happen tomorrow, you shouldn’t wait any longer to get the insurance protection that your family deserves. If you have any questions, or you’re ready to get the search process started, please contact one of our agents today. We would be happy to answer those questions and connect you with the best plan possible.