Omaha Life Insurance

Protect Your Loved Ones

Many people protect their loved ones with a policy from Mutual of Omaha life insurance. Most Mutual of Omaha Life Insurance policies offer a tax-free death benefit that can help pay for your funeral expenses and other final costs, as well as cover any outstanding debts you may leave behind. In addition to the death benefit, many policies also come with an accelerated benefits rider, allowing the insured person to access some of the death benefits while still alive. That can be helpful for those who need money to pay for long-term care costs, or if they want to leave behind a financial legacy.

Buy Life Insurance

How to Buy Life Insurance from Mutual of Omaha?

If you are looking for the perfect life insurance plan, there is no shortage of online information and quote comparisons. Using our comparison tool to help narrow down what kind may work best can be very useful.

That helps us match you up accordingly, depending on your preferences.

Kinds of Life Insurance Policies Available at Mutual of Omaha

Mutual of Omaha Life Insurance offers many kinds of life insurance policies at Mutual of Omaha to ensure that you find the perfect policy for your needs. Each of these policies has different benefits, so it is important to understand what type of coverage you are looking for before purchasing.

Life Insurance

One of the most popular life insurance policies is term life insurance.

Life Insurance

Whole life insurance is a type of permanent life insurance that provides coverage for your entire lifetime.

Life Insurance

This is a flexible type of permanent insurance that provides coverage for your entire lifetime and lets you determine the premiums and death benefit amount, cash value accumulation rate, and more.
Term Life Insurance

Policy has the following features

Available terms are 10, 15, 20, and 30 years.
Level type premiums guarantee coverage amount to $100K for applicants 18 years old or older with good health records (no medical exam required).
Conversion into a permanent policy is available. The best part? There's no medical exam required.
You can get started with an estimate from the company’s website today-just input some information about yourself so we know how big/old your family could potentially be in case something happens tomorrow.

Tax-free death benefits. In the event of death, these benefits can provide financial security for loved ones. The lump-sum payments would be paid by default, but beneficiaries may purchase an immediate annuity, which offers installment payments with various payout periods.

mutual of omaha life insurance guide
Whole Life Insurance

Features of the policy

Coverage is available at $2,000-$25K for a Guaranteed Issue policy.
Coverage for Living Policy is available at $2,000-$40K.
The premiums are fixed, so you know your cost before making this critical decision.
The cash value in whole life insurance policies accumulates on a tax-deferred basis, which means you don’t have to pay taxes on the growth until you withdraw the money. This is a major benefit over term life insurance, where cash does not accumulate.
One other advantage of whole life policies is that you can borrow against the cash value. This can come in handy if you need money for a major purchase or want to retire sooner than expected.
  • Keep in mind that if you surrender the policy, you will likely get back less than what you paid into it. This is because insurance companies expect people to keep their policies for many years.
  • Death benefits are paid out in a lump sum to the beneficiary, usually the policyholder’s spouse or child.
  • Issue-age restrictions for the Guaranteed Issue policy are ages 45 to 85 (50 to 75 in New York). The Living Promise range between 45 and 85 (level-benefit plan) and 45 and 80 ( graded-benefit plan).
  • No medical exams or health questionnaires are required for the Guaranteed Issue policy, making it a great option if you’re in poor health. However, simplified underwriting is required for the Living Promise policy.
  • The graded death benefit means that the beneficiary will receive a higher payout if the insured dies within the first few years of owning the policy.
  • Both policies offer the option of a waiver of premium, which means you don’t have to make payments if you become disabled.
  • We offer an accelerated death benefit for terminal illness or nursing home confinement, as well as accidental coverage. However, this applies to the whole life Living Promise and not the Guaranteed Issued.
Universal Life Insurance

Look at the features of the policy

Mutual of Omaha also offers universal life insurance. Mutual of Omaha universal life insurance policies include Guaranteed Universal Life, AccumUL Answers, Life Protection Advantage SM, and Income Advantage SM.

All four of the universal life policies offer lifetime coverage, from $100,000 to more than $ million.
All four policies are available through agents.
Premiums are flexible and may be paid monthly, quarterly, semi-annually or annually.
These policies are variable and not guaranteed; the death benefit and cash value accumulation rates may go up or down.
Your premiums are due until you reach 120 or 100 if you subscribe to the AccumUL Answers policy.
  • You can surrender specific Universal Life Insurance policies for a percentage of the set cash value.
  • There is no standard monthly base price, so you can choose a policy that meets your specific needs and budget.
  • Tax-free death benefit.
  • Tax-deferred cash value.
  • Insured pays no more than 0% even when the market index is negative.
  • Minimum guaranteed income of at least two percent annually, depending on the policy type.
  • Returns are not guaranteed; returns vary according to the insurer’s claims experience and the investment performance over time.
mutual omaha life insurance guides

Secure the Future with Mutual of Omaha Life Insurance

Mutual of Omaha life insurance offers a wide variety of products and services to help you protect what matters most in your life. We offer both universal and whole life policies and disability coverage, term options for young adults or seniors, plus guaranteed issue plans that can be customized. The company’s agents will work with you one-on-one to find the policy that best suits your needs and budget.

They also offer a wide range of riders, including accidental death insurance, children’s term life insurance, and more. All products are backed by financial strength and stability, as well as the company’s commitment to customer service.

Protect what matters most in your life with Mutual of Omaha life insurance. They want to help you find the right life insurance policy, which is why they offer these four universal life policies with such a variety of features. Get a quote from Mutual of Omaha and let one friendly agent help you choose the policy that’s right for you.


How Much Can You Borrow?

Most insurance companies understand that sometimes you may need access to your life insurance policy’s cash value. With most universal life products, you can borrow 90% during your surrender charge period and 100% after it if there are enough funds left to cover two -months’ monthly deductions. If you are in the market for life insurance, your maximum face amount is $65 million.