Mutual of Omaha
The Mutual of Omaha was founded in 1909. Since then, it is working as a financial organization that provides its customers and massive business groups with a wide variety of insurance and financial products. The company received an A+ rating from A.M. Best Company, Inc and was applauded for its financial strength. NerdWallet also ranked the company 5th out of 18 Large Insurance companies.
Mutual of Omaha provides three basic life insurance:
- Term Life Insurance
- Whole Life Insurance
- Universal Life Insurance
Mutual of Omaha Life Insurance Policies
Years Of Experience
Whole Life Insurance
There are two whole Life Insurance policies provided by Mutual of Omaha: Guaranteed Issue and Living Promise. The premium payments remain constant and are due until the age of 100. Death benefits are exempted from the tax payment. They are either provided in a lump sum amount or used to buy a single-premium immediate annuity resulting in installment payments with a range of payout periods.
The coverage range for Guaranteed issue life insurance is from $2,000 to $25,000, whereas the coverage available for living promise is from $2,000 to $40,000. People from the age bracket of 45 to 85 can apply for the former policy, whereas people between the age of 45 to 80 or 85 can apply for the latter policy option. Both the policies can be acquired easily without any medical exam.
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