United of Omaha Life Insurance Company Review [2024]

United of Omaha Life Insurance Company Overview

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United of Omaha Life Insurance Company takes a careful approach to business decisions, which reflects in their A+ A.M. Best Rating. They offer various term life insurance policies and life insurance riders that are important to consider when shopping for term life insurance quotes. 

We know there are countless life insurance companies to choose from. That’s why we’ll help inform you of the available policies, let you know how to get insured, and how to contact customer service.

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Comprehensive Life Insurance Options in Omaha

United of Omaha Life Insurance stands out as a leading provider in the market. Whether you are seeking a policy for yourself or exploring options like Mutual of Omaha life insurance for seniors, their offerings cater to a wide range of needs.

Many residents trust United of Omaha life insurance and United Mutual of Omaha for their robust coverage and reliable customer service. For those who wish to know more or need assistance, the United of Omaha life insurance phone number is always available.

Reviews and ratings from Consumer Reports consistently highlight them as one of the best term life insurance companies. When comparing United of Omaha and Mutual of Omaha, both entities offer solid choices for life insurance in Omaha, NE.

Their policies, such as the Mutual of Omaha whole life insurance, provide comprehensive coverage tailored to various life stages. Many customers find the United of Omaha Life Insurance Company reviews helpful in making informed decisions.

The Mutual of Omaha life insurance brand ensures that there is a policy for everyone, making them a top choice among the life insurance of Omaha providers. For detailed life insurance reviews on Consumer Reports, potential policyholders can gain insights into the most suitable plans.

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Understanding Mutual of Omaha and United of Omaha Insurance Options

When exploring life insurance options, Mutual of Omaha Life Insurance Company offers comprehensive policies that cater to various needs. For detailed inquiries or assistance, the Mutual of Omaha life insurance phone number is readily available.

Those considering United Mutual of Omaha insurance will find that it operates under the same trusted umbrella as Mutual of Omaha. Reviews, such as United of Omaha life insurance reviews, can provide insights into customer satisfaction and service quality.

Comparing Mutual of Omaha and United of Omaha, both provide strong life insurance options, but it’s crucial to review specific life insurance ratings on Consumer Reports to make an informed decision.

For those evaluating premium costs, the United of Omaha insurance is competitively priced, making it an attractive option. Additionally, the United of Omaha phone number offers direct access to customer support for any queries.

It’s helpful to read United of Omaha insurance reviews and Mutual of Omaha short-term disability reviews to understand the company’s performance in different insurance areas.

Many potential policyholders ask, “Is United of Omaha life insurance a good company?” Based on the United of Omaha Life Insurance Company ratings and customer feedback, it is regarded as a reliable choice.

Whether considering United Mutual of Omaha life insurance or the broader range of Mutual of Omaha insurance products, comprehensive reviews and ratings will aid in making the best decision.

Navigating Life Insurance Options with United of Omaha and Mutual of Omaha

For those seeking life insurance in Omaha, TX, there are several reputable options to consider. Among them, the United of Omaha Life Insurance Company and Mutual of Omaha insurance stands out for its comprehensive coverage and customer satisfaction.

Many life insurance companies in Omaha offer a variety of policies, but life insurance with United of Omaha is particularly well-regarded. To manage your policies efficiently, the Mutual of Omaha login agent portal provides agents with convenient access to their accounts.

Customers can also find valuable insights from United of Omaha reviews to guide their decisions. If you need to reach out for support, the United of Omaha Life Insurance Company phone number is available for inquiries. For brokers, the Mutual of Omaha broker login is an essential tool for managing client information.

Reading a detailed United of Omaha review can offer perspectives on the company’s performance and customer service. Additionally, if you need assistance with policy management, the United of Omaha Insurance phone number and the United of Omaha life insurance login provide direct access to customer service.

For billing-related queries, you can use the Mutual of Omaha billing address to ensure your payments are properly directed.

What should I know about United of Omaha?

United of Omaha Life Insurance Company, or United of Omaha Insurance Company, is a Mutual of Omaha company (not called Mutual of Omaha Life Insurance). Are United of Omaha and Mutual of Omaha the same company? Not entirely, but they are related. (For more information, read our Mutual of Omaha Life Insurance Review).

As a mutual company owned by policyholders, the company takes a more conservative approach to investments and business decisions and is not driven by the short-term quarterly results that often characterize publicly traded companies.

Their capital position is quite strong with more than 2.2 billion in statutory surplus. Mutual of Omaha is also a Fortune 500 company. Use your login to get access to your account.

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What are the ratings for United of Omaha Life Insurance?

Founded in 1909, United of Omaha Life Insurance ratings are strong. The company has well-rounded ratings from industry leaders like A.M. Best, Standard & Poor, and J.D. Power.

A.M. Best Rating:  A+ (as of 2020)

S&P Rating:  AA- (as of 2020)

J.D. Power Ranking: 795 – 3rd of 24 companies (as of 2019)

As you can see, United of Omaha Life Insurance reviews and ratings suggest good customer satisfaction. The top 153 reviews average out to be 3.8 out of 5 according to consumer affairs.

The reviews suggest that the company is good but not perfect. Mutual of Omaha reviews from the Better Business Bureau stands at a 1.4 out of 5.

There are 34 complaints against the company in the past 12 months. The Mutual of Omaha complaints and customer satisfaction are worth keeping an eye on.

How can I contact company customer service?

Should you decide to purchase a United of Omaha policy, you may need to contact their customer service department. Below are the company address and phone number.

3300 Mutual of Omaha Plaza
Omaha, NE 68175

1-866-293-8529

The United of Omaha life insurance company fax number is:

1-402-997-1800

Calling the company may be the best way to file claims. You can always visit the Mutual of Omaha website to find more specific details about the company or to speak to an agent.

What life insurance policies does the United of Omaha insurance company have?

At the end of the day, most companies rely on certain policies. The company is most well-known for its term life policies.

Term Life Express (TLE) products are issued on a simplified underwriting basis, which means you get a decision and coverage (if approved) faster.

• TLE 10: Term life with level premiums during the initial 10-year period. Premiums increase annually in years 11 and later.
• TLE 15: Term life with level premiums during the initial 15-year period. Premiums increase annually in years 16 and later.
• TLE 20: Term life with level premiums during the initial 20-year period. Premiums increase annually in years 21 and later.
• TLE 30: Term life  with level premiums during the initial 30-year period. Premiums increase annually in years 31 and later.

The company has your standard term life options. Mutual of Omaha also offers whole life and universal life if you are looking for a form of permanent life insurance.

If you aren’t sure about which policy type is better, you’ll want to learn about term vs. permanent life insurance.

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What features does United of Omaha include in their term life insurance policies?

The insurer offers an assortment of helpful riders to meet the needs of a variety of customers.

• Living Benefit Riders: Included at no extra cost. The definition of chronic, terminal, and critical illness may vary by state. Some policyholders might want term life insurance with living benefits.

• • Terminal Illness Rider: This rider provides an accelerated death benefit if the Primary Insured provides evidence that their life expectancy is 12 months or less. The sum of all requested accelerations cannot exceed 80 percent of the policy’s face amount.
  • Chronic Illness Rider: This rider provides an accelerated death benefit if the Primary Insured is unable to perform 2 of 6 Activities of Daily Living (ADLs) for 90 consecutive days, as certified by their physician. The sum of all requested accelerations cannot exceed 80 percent of the policy’s face amount.
  • Critical Illness Rider: This rider provides an accelerated death benefit if the Primary Insured has been certified by a physician as having one or more of the following conditions within the last 12 months: ALS, kidney failure, life-threatening cancer, major organ failure, heart attack, and stroke.
  • Common Carrier Death Benefit Provision: Included at no extra cost. This provides an additional death benefit equal to 100 percent of the original face amount or $250,000, whichever is less. If the base insured should die in an accident while a fare-paying passenger on a common carrier (e.g., airplane, train, bus) they will pay the beneficiary the additional amount.

• Conversion Option:  Included at no extra cost. The policy is convertible to a qualified permanent policy after policy year two through the lessor of (a) the end of the level term period or (b) the policy anniversary following the Primary Insured’s 70th birthday.

What are the optional term life insurance policy features?

• Accidental Death Benefit Rider: Available with extra premium. This rider pays an additional sum if the Primary Insured dies as the result of an accident. The rider terminates and the premiums stop at the earlier of the end of the level period or the anniversary date of the policy following the insured attaining age 65.

• Dependent Children’s Rider: Available with extra premium. This rider provides coverage for all unmarried dependent children (age 15 days through 20 years) who are members of the insured’s household and listed in the application.
  • Dependent children born or adopted after the issue of this rider are included automatically when they attain the age of 15 days. Coverage amounts are $5,000 and $10,000.
  • The Dependent Children’s rider terminates and the premiums stop at the earlier of the anniversary date following the Primary Insured’s age 65, when the youngest child attains age 23 or when the base policy terminates.

• Disability Income Rider: Available with extra premium. With this rider, the Primary Insured can apply for a maximum monthly disability income benefit equal to the lesser of:
  • 1.5 percent of the policy coverage amount at issue
  • $3,000 per month
  • 60 percent of your monthly gross income

The Primary Insured can apply for either an 18- or 30-month benefit. The monthly income amount and the benefit period cannot be changed after the policy issue. The elimination period is 90 days (in MD, 120-day elimination period.)

• Disability Waiver of Premium Rider: Available with extra premium. If the Primary Insured becomes disabled before the policy anniversary following his or her 60th birthday and the disability continues for at least six months, this rider will waive payment of the monthly deduction amount during the continuance of the disability.

As you can see, there are many additional options to consider including within any United of Omaha Life Insurance policies you might be interested in purchasing.

How much does a United of Omaha life Insurance policy cost?

The company’s rates are competitive and they have a strong financial standing to provide comfort to policyholders. This is a benefit of being a mutual company.

Mutual of Omaha Term Life Rates vs Top Life Insurance Companies

As you can see above, Mutual of Omaha has rates that are comparable to some of the best companies. These rates show that United of Omaha is more cost-efficient with higher policy face values.

Comparison of Mutual of Omaha Life Insurance Rates

Read more: Minnesota Life Insurance Review

Life insurance companies will always have higher rates for males compared to females and smokers compared to non-smokers. Above you can see how gender and smoking affect your rates.

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What is the company’s legal info?

Policy Exclusions

The policy’s face amount will not be paid if your death results from suicide, while sane or insane, within two years of the date of issue (in CO, MO, and ND, within one year). Instead, the company will pay the sum of premiums paid since the issue.

In MO, benefits will be paid for all causes of death unless evidence shows that suicide was intended at the time of purchase.

United of Omaha Policy Forms

10-year level term: D543LNA15DP, or state equivalent. ICC15L136DP in ID, LA, NC, OK, OR, PA, TX & WA. In FL, D543LNA15DP.

15-year level term: B630LNA07P, or state equivalent. ICC13L116P in ID, LA, NC, OK, OR, PA, TX & WA. In FL, B650LFL07P.

20-year level term: B628LNA07P, or state equivalent. ICC13L116P in ID, LA, NC, OK, OR, PA, TX & WA. In FL, B648LFL07P.

30-year level term: B634LNA07P, or state equivalent. ICC13L116P in ID, LA, NC, OK, OR, PA, TX & WA. In FL, B654LFL07P.

These numbers can look frightening, but they can come in handy should you need specific information at the time of purchasing a policy. If you have any questions, you can always reach out to the company and speak directly with an insurance agent.

United of Omaha Life Insurance Company: What’s the bottom line?

This company review covered their strong financial standing, mixed customer reviews, and the assortment of term life options and plentiful riders that the company offers.

Did our review answer all your questions? Ready to buy life insurance? Get started today by comparing top life insurance companies using our FREE quote tool below.