Mutual of Omaha Life Insurance Review

Mutual of Omaha Life Insurance is a life insurance carrier based in Omaha, NE. The company was founded in 1909 and offers life insurance products in 50 states (and Washington, DC).

What types of life insurance products does Mutual of Omaha Life Insurance offer?

Life insurance companies typically offer a wide variety of life insurance options. One of the best ways to save money on life insurance products is to avoid unnecessary coverage. Only purchase life insurance policies and riders you actually need.

Here is a brief description of life insurance options Mutual of Omaha Life Insurance offers.

• Term Life Insurance - This is the simplest type of life insurance policy. Term life insurance policies are payable if the insured person dies within a specific period of time, such as 5, 10, or 30 years. Mutual of Omaha Life Insurance offers term lengths ranging from 10 to 30 years. The maximum death benefit amount forn term life insurance policies is 100000.
• Whole Life Insurance - Whole life insurance policies remain in force for the policyholder's entire life, provided premiums are paid. They have a tax deferred cash value, meaning the cash value will not be taxed until funds are withdrawn. Whole life insurance death benefit payments range from $2,000 to $25,000.
• Universal Life Insurance - This type of universal life insurance policy guarantees a fixed death benefit and an investment account. The cash value of the investment account will vary depending on the portfolio's performance.

How can you save money on a Mutual of Omaha Life Insurance life insurance policy?

When you ask for a life insurance quote with Mutual of Omaha Life Insurance, ask what discounts are available for various life insurance options.

These include:

• Being a non-smoker

What is the financial strength rating of Mutual of Omaha Life Insurance?

The financial strength rating of life insurance companies scores its ability to pay contracts and life insurance policies. SuperMoney gives Mutual of Omaha Life Insurance an A+, which is the highest available rating we give to life insurance companies.

SuperMoney's financial strength rating is primarily based on the average score from insurance rating agencies.