Omaha Life Insurance Review

Mutual of Omaha was founded in 1909 and is headquartered in Omaha, Nebraska.

Is Mutual of Omaha a Good Life Insurance Company?

You may recognize the Mutual name through the Wild Kingdom television series.

As a Fortune 500 company,

Mutual of Omaha and its subsidiary United of Omaha are the largest life insurance companies to be considered.

Financial Powers

  • AM Best – “A+”
  • Moody’s – “A1”
  • S&P – “A+”

Ratings as of 08/2022 and subject to change

How Easy Is It to Get a Policy with Mutual of Omaha?

United of Omaha Life Insurance Company writes life insurance.

United offers writing options, including full text underwriting, accelerated writing, and simple essay writing based on your choice.

The Fit Underwriting Credit Program provides access to individuals with certain disabilities.

People who usually receive table votes can receive money that lowers the price.

For example, when you experience certain medical conditions and lifestyle,

you can get a life insurance loan.

Clinical examples include:

  • No family history of death before age 70
  • Cholesterol ratio less than 5.0
  • A1c test less than 5.7
  • Serum Albumin greater than 4.2 in 61-75 year olds
  • An official heart exam
  • GXT exercise is more important than 10
  • A blood pressure of 135/85 or higher
  • Interests – Interests in Architecture for ages 18-60
  • Standard Plus or better construction for ages 61-75
  • BNP under 100 years 61-75 years
  • Average CBC age 61-75

Lifetime Examples Include:

  • Regular preventative medicine
  • Do not smoke for ten years
  • Over $100,000 in cash
  • Assets Over $1,000,000
  • Likes or good drivers

Mutual of Omaha Height Weight Chart

Mutual of Omaha has a number of weighting charts based on your inventory and writing style.

If you can register all the documents Term Life Answers product – You can find a weight-to-height chart here:

Extended term life insurance is available with the following features:

  • Term Life Answers
  • Benefits of IUL
  • Life Saving Benefits IUL

With Mutual of Omaha’s expedited registration process, the application process includes:

  1. Completing an important task
  2. Telephone communication
  3. The accelerated writing team will focus on:
    • Your vehicle history
    • The MIB – Medical Information Bureau
    • Medical records

The underwriters will approve the application, or the file will be submitted for registration when all is complete.

A paramedic test may be required if your application is not accepted by fast-track application.

The weighted multiplier chart is different from the well-written one here.

Finally, if you are applying Term Life Express using simple notes, the weight chart is here:

We make sure you have the correct information before you apply for assistance.

Are Mutual of Omaha Policies Competitive?

Life insurance underwritten by United of Omaha includes “well-written” and “simple-talk” policies.

The main difference between a well-written essay and a simple one is that all essays are cheap,

But it requires you to complete the paramedic exam while the simple essay does not.

Mutual of Omaha is good for heart conditions, weight charts, and other high-risk health conditions.

Term Life Answers

Term Life Solutions is a well-written term plan.

The plan offers competitive pricing and offers the following features and benefits:

  • Minimum Amount – $100,000
  • Tenure – 10, 15, 20 & 30 years duration
  • Release Years:
    • 10 years – 18-80 years (smokers – 75)
    • 15 years – 18-74 years (smokers – 70)
    • 20 years – 18-68 years (smokers – 65)
    • 30 years – 18-55 years (smokers – 50)
  • Conversion to regular insurance under the law
  • End-of-life care benefits – no cost
  • Accidental Death Benefit Rider
  • Waiver of Unemployment Compensation – no cost
  • Child Rider
  • Another Passenger Insurance
  • Disability Waiver of Premium Rider
  • Writing Extreme Risks through Group 16

Term Life Express

A match for Omaha’s Term Life Express products are used in simple underwriting methods.

  • Face Money
    • $25,000 – $300,000 – 18-50 years
    • $25,000 – $250,000 – 51-60 years
    • $25,000 – $150,000 – 61-70 years
  • Tenure – 10, 15, 20 & 30 years duration
  • Release Years:
    • 10 Years – 18-70 Years
    • 15 years – 18-70 years
    • 20 years – 18-60 years
    • 30 years – 18-50 years
  • Converted to permanent insurance after 2 years
  • Passengers (some restrictions apply)
    • Quality of Life (Chronic, Chronic, Critical Illness)*
    • Home Damage Removal Premium Rider*
    • Common Carrier Death Benefit Provision*
    • Accidental Death Benefit
    • Child Dependent Rider
    • Disability Income Rider**
    • Disability Waiver of Premium
  • * = included in the schedule (other restrictions apply)
  • ROP – Return of Premium Option available

Benefits of IUL

Income Advantage IUL is underwritten by United of Omaha.

This policy offers more savings than other United IUL policies.

IUL’s competitors include Equitable, Lincoln National, and AIG.

Benefits and Features include:

  • Minimum Amount – $100,000
  • Release Years:
    • Standard rates for ages 0-17 only
    • Do not smoke, tobacco, and are at risk of 18-80 years
    • The average age is only 81-85 years
  • Guaranteed Refund Rider – no cost
  • Long Term Rider
  • The Benefits of Hastening Death for Terminal or Terminal Illnesses
  • Lapse Guard Rider
  • Guaranteed Insurability Rider
  • Accidental Death Benefit Rider
  • Continued Disability Premium Rider
  • Disability Waiver of Policy Fees
  • Child Dependent Rider
  • Additional Insured Term Rider

Life Saving Benefits IUL

This policy offers affordable life insurance with extended guaranteed death benefits.

The benefits and features of this plan are:

  • Minimum Amount – $100,000
  • Release Years:
    • Fixed prices for ages 0-17 only
    • Non-smokers, smokers, and those at high risk for 18-80 years
    • Fixed prices for 81-85 years only
  • Guaranteed Refund Rider – no cost
  • Long Term Rider
  • The Benefits of Hastening Death for Terminal or Terminal Illnesses
  • Lapse Guard Rider
  • Guaranteed Insurability Rider
  • Accidental Death Benefit Rider
  • Continued Disability Premium Rider
  • Disability Waiver of Policy Fees
  • Child Dependent Rider
  • Additional Insured Term Rider

With any permanent life insurance, especially universal life,

You should receive a full coverage life insurance policy.

This illustration provides information for you, such as

  • Display interest rate
  • The value of the price
  • Interest rate
  • More to get involved
  • Index calculation method

The Promise of Life Forever

Living Promise is a whole life insurance policy from United of Omaha.

This can be great if you’re looking for a small insurance policy that doesn’t require a medical exam.

Underwriting consists of

  • Completion of work
  • Drug database search
  • Medical Information Bureau (MIB) review.
  • Maybe a phone interview.

There are three results that can be recorded with this process.

  • Acceptance of Level Death Benefit
  • Approval of Gradual Death Benefit
  • It has been rejected for any policy

In the application, the written questions are divided into Part 1 questions and Part 2 questions.

  • Step 1 – Answers of “YES” will result in the downgrade of all articles.
  • Step 2 – “YES” answers will result in a death benefit.

If you can answer “NO” to all questions, the death benefit of the whole life rate is available.

Here is the difference between the death benefit rate and death plans that benefit the entire life.

Level Death Benefits Lifetime

The advantages and characteristics of the powder are as follows:

  • Face Amount – $2,000 – $40,000 ($5,000 min in WA)
  • Age of Release – 45-80
  • Non-Tobacco and Tobacco Classes
  • Terminal Illness Rider – no cost
  • Nursing Home Confinement Rider – no cost
  • Accidental Death Benefit Rider

Other companies that offer small whole life policies include Gerber Life, Foresters, and Assurity.

Graded Benefit for Life

Benefits and features of group death benefits for life include:

  • Face Amount – $2,000 – $20,000 ($5,000 min in WA)
  • Age of Release – 45-80
  • Rate Classes – There is only one rate
  • Passengers – No passengers available

This policy has a group benefit.

This means that death due to natural causes (any cause other than accidental) in the first two years,

the beneficiary will receive the full amount paid plus 10 percent.

After two years, the full benefit is paid on death due to all causes.

All death benefits will be paid, in all years, if death is due to accidental injury.

It is important to note that at all levels and beneficial principles,

Not all rules, features, and benefits are available in every state.

We will let you know what is available where you live.

Accidental Death Insurance

Mutual of Omaha offers accidental death insurance.

This is the best option to consider in situations where you may not have life insurance,

Or you receive a higher price.

Its advantages and features are as follows:

  • More Faces – $50,000 – $500,000
  • Release Age – 18-70
  • Reading Classes – A Case Study
  • Extended up to 80 Years
  • Premium Rider Returns (not in all states)

Underwriting is quick and easy for the process, made with an online e-application and approved within ten days.

Does Mutual of Omaha Provide Good Customer Service?

You can call customer service at 800-775-6000

Online access to your legal information is available by logging in – Here

Corporate headquarters are located at:

3300 Mutual of Omaha Plaza – Omaha, Nebraska 68175

Final Words

Mutual of Omaha is a company worth considering term life, universal life, or whole life insurance.

Please take a few minutes to complete your free application today.

Thank you.

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