We will try to share a comprehensive Mutual of Omaha Life Insurance review to help you in this article.
Mutual of Omaha Life Insurance Overview
Mutual of Omaha Life Insurance is launched in 1990. This insurance company is also a mutual company owned by its policyholders. The company’s headquarters is located in Nebraska.
Mutual of Omaha sells insurance, mutual funds to individuals, groups, and businesses. They sponsored the television series “Mutual of Omaha’s Wild Kingdom” for many years.
Take a quick look:
- Mutual of Omaha life insurance ranks 19th in our best life insurance companies list.
- They have different life insurance options.
- Some term and whole life policies don’t require medical exams.
Mutual of Omaha Life Insurance Options
Term Life Insurance
This life insurance policy offers a coverage of $100,000 and more. Term options such as 10, 15, 20, and 30 years are available.
Unfortunately, you can’t complete the purchase process for Mutual of Omaha term life insurance policies online. It is possible to get an estimated quote online for term life insurance. But you should visit an agent to buy any term life insurance policies.
You can reach contact information for nearby agents on the Mutual of Omaha Life Insurance Website. If you want, some agents may contact you.
Whole Life Insurance
Whole life insurance product is available for applicants ages 45 to 85. However, there is an exception for New York. In New York, citizens aged 50 to 75 years can buy this product. Also, coverage is $2,000 to $25,000. For these conditions, purchasing can be done online.
A medical exam isn’t a requirement for Mutual of Omaha’s whole life insurance policies. You don’t even need to answer health questions to qualify for life insurance. In addition, whole life policies cover funeral and other final expenses.
If you need higher amounts of coverage, you can buy up to $40,000 of coverage through an agent. Answering several health questions is enough for application. However, there is no medical exam.
Mutual of Omaha Life Insurance also sells whole life policies for children.
Universal Life Insurance
Mutual of Omaha’s universal life insurance policies have larger amounts of coverage than whole life products.
There are four types of universal life products. You can visit Mutual of Omaha’s website to consider universal insurance policies.
Customer Complaints About Mutual of Omaha
There is an expected number of complaints about “Mutual of Omaha Life Insurance Company” according to data from the National Association of Insurance Commissioners.
J.D. POWER Rating And Consideration
According to a study among the 24 life insurance companies by J.D. Power, Mutual of Omaha Life Insurance was number 3. This customer satisfaction survey was performed in different categories. Mutual of Omaha Life has considered among the best insurance companies in the 2019 U.S. Life Insurance Study.
Here is the Mutual of Omaha Life Insurance Review:
|Customer satisfaction category||Mutual of Omaha’s score|
|Overall satisfaction||Better than most|
|Policy offerings||Better than most|
|Price||Among the best|
|Billing and payment||Among the best|
|Interaction||Better than most|
|Communication||Among the best|
|Application process||Among the best|
More about Mutual of Omaha Life Insurance
Mutual of Omaha provides also other products and services such as Medicare Advantage, and Medicare supplement plans, dental insurance, critical illness insurance, disability income insurance, annuities, investments, banking services, and long-term care insurance.