Mutual of Omaha review

Mutual of Omaha sells two term products, Term Life Express and Term Life Answers, each in 10, 15, 20 and 30 year versions according to the policy form list on its term page. The company describes its term cover as replacing lost income, with payments that never increase for the length of the term, and it points the product at people just entering their prime earning years and families who need cover until children are grown. There is an option to convert to a permanent plan, and a Motor Vehicle Accidental Death Rider is offered except in Georgia and New York. Its Customer Access portal lets you pay bills, update information and review policies online. Mutual of Omaha lists the factors that set the price, including age at issue, gender, term, health and tobacco use, but publishes no rates on the page, and it describes fewer plan details than the insurers above, which is why it ranks last here.

Who it is for

families who want fixed premiums for the whole term

Price

See vendor pricing (USD check pending).

US price check pending. See the vendor pricing page.

Key features

• Term Life Express in 10, 15, 20 and 30 year versions
• Term Life Answers in 10, 15, 20 and 30 year versions
• Payments never increase during the term
• Option to convert to a permanent plan
• Motor Vehicle Accidental Death Rider (not available in GA and NY)

Strengths and weaknesses

• Strength: Fixed premiums that never increase during the term
• Strength: Conversion to permanent cover
• Strength: Online account access to pay bills and review policies
• Weakness: No published prices on its term page
• Weakness: Fewer published plan details than Banner Life or Prudential
• Weakness: Some riders are not available in every state

Key facts

• Products: Term Life Express, Term Life Answers
• Term lengths: 10, 15, 20, 30 years
• Premiums: Never increase during the term
• Published price: None

Where it ranks

Mutual of Omaha is No. 10 in our Best Life Insurance Companies verdict.