Mutual of Omaha Life Insurance
published on Friday, January 20, 2012Mutual of Omaha is a provider of insurance products as well as financial services products. Founded in 1909 as Mutual Benefit Health and Accident Association, the company later changed its name to Mutual of Omaha. Many people fondly recall the company's "Mutual of Omaha's Wild Kingdom," a wildlife-focused television show that ran from the 1960s through the 1980s and received four Emmy awards.
The company's primary holdings in the United States are comprised of the Mutual of Omaha Insurance Company, the United of Omaha Life Insurance Company, the Companion Life Insurance Company, and the United World Life Insurance Company. All companies have earned ratings of A+ (Superior) from the independent rating agency A. M. Best.
In addition to Mutual of Omaha life insurance products, the company also provides Medicare supplement insurance, long-term care insurance, disability insurance, critical illness insurance, annuities, and investment products. For groups, the company offers life insurance, dental insurance, disability insurance, retirement services, group annuities, and employee assistance programs.
The range of Mutual of Omaha life insurance offerings includes term life insurance, universal life insurance, and whole life insurance. The company's website contains a number of tools and articles that individuals and families can utilize to help them plan their insurance coverage.
Term life insurance from Mutual of Omaha life insurance is available in 10, 15, 20, and 30 year terms. Some term life insurance products offer an option to convert to a permanent insurance product before the expiration of the term period.
The universal life insurance offerings from Mutual of Omaha life insurance vary somewhat by the policyholder's state of residence, but in general, universal policies can be purchased for people who are up to 85 years of age. The amount of the annual premium is flexible, and the overall policy features can be customized to meet the needs of the individual policyholder.
Mutual of Omaha also sells whole life insurance policies; these products are available for children as young as two weeks old through adults up to 85 years old. Death benefit amounts vary but can be as high as $50,000, not including the policy's accumulated cash value. In some cases, the face value of the whole life insurance policy can be increased without the policyholder having to show evidence of their insurability.
