Mutual of Omaha Life Insurance Company
Making a Difference with a Spirit of Philanthropy
Community involvement and charitable giving sets this 95-year-old company apart. Founded on the strong, conservative values of the American Midwest, this company has thrived. It is a proud member of the IMSA (Insurance Marketplace Standards Association), which stresses honesty and fairness in all business conduct. This company currently has total assets of over $4 billion. Its parent company is the Mutual of Omaha Group.
Mutual of Omaha offers life insurance products to both individuals and groups. Life insurance plans include term life insurance, whole life insurance, and universal life insurance. There are both employer-paid plans and voluntary plans available through the group packages. Some of these group products are portable from one employer to another.
Mutual of Omaha Group Term Life Insurance Features
- Waiver of premium rider
- Living care benefit
- Guaranteed issue amounts ranging from $10,000 to $500,000
- Dependent coverage
- Total access benefit services – a secured, interest-bearing checking account for beneficiaries
- Grief and healing support
- Accidental death and dismemberment
- Travel assistance
Voluntary term life insurance helps employees allow employees to purchase additional coverage through group rates. The business must have a minimum of ten enrolling employees. Features include:
- Waiver of premium – includes elimination periods, termination, and disability.
- Guaranteed face value of $10,000 to $500,000
- Living care benefit – options allow coverage of 20 to 80 percent, and $25,000 to $500,000.
- Dependent coverage – includes spouse and dependent children to age 21 (25 if a full-time student)
- Portability – employee and spouse options to retain the features of their current coverage when the master policy ends
- Conversion options – can convert to an individual whole life policy
- Accidental death and dismemberment, including travel, family, and catastrophe coverage.
Financial ratings for Mutual of Omaha
A.M. Best: A
Moody’s: Aa3
Standard and Poor’s: AA-
Fitch: AA-
The financial strength of a company and potential for prolonged survival are represented by the above ratings.
Mutual of Omaha Company Information
Mutual of Omaha Plaza
Omaha, NE 68175
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