Banner vs Mutual of Omaha Life Insurance

  • YEAR FOUNDED
    1949
  • CURRENT CEO
    Bernard Leigh Hickman
  • AVAILABLE
    All 50 States
  • ADDRESS
    3275 Bennett Creek Avenue Frederick, MD 21704 United States
  • TOP AWARDS

    "Best Term Assurance Provider"" at the Investment Life & Pensions Moneyfacts Awards 2017

    Communitas Award for Commitment to Corporate Social Responsibility

  • PROS
    • Flexibility of payment options and term limits for each option on the policy
    • Fast-track claims
    • Electronic application
  • CONS
    • Medical exam required.
    • Strict eligibility for preferred rates.
    • Options are very limited in scope
  • YEAR FOUNDED
    1909
  • CURRENT CEO
    James Blackledge
  • AVAILABLE
    44 States
  • ADDRESS
    Mutual of Omaha Insurance Company 3300 Mutual of Omaha Plaza Omaha, Nebraska 68175
  • TOP AWARDS

    2018 Nebraska National Guard Homeland Defense Service Ribbon and the Employer Support of the Guard & Reserve (ESGR) Pro Patria Award

    2018 Mosaic Diversity & Inclusion Award from the Human Resource Association of the Midlands (HRAM)

  • PROS
    • Guaranteed acceptance available
    • Lenient preferred rates
    • Strong and stable
  • CONS
    • Top options require a call
    • Limited online account
SOURCEBannerMutual of Omaha
JD PowerN/A4/5
BBBA+A+
AM BestA+A+
Moody'sN/AA1
FitchAA-N/A
Standard & PoorAA-AA-
Comdex Score9493
SOURCEBannerMutual of Omaha
Total Assets $7.3 Billion$42.429 billion
Life Insurance in Force$658 Billion$216 billion
BannerMutual of Omaha
Term life insurance Term Life Insurance
Universal life insuranceAccidental Death Insurance
Whole Life Insurance
Children's Whole Life
Life Protection Advantage SM
Income Advantage SM
Guaranteed Universal Life
AccumUL
BannerMutual of Omaha
APPcelerateTerm Life Insurance
OPTerm Life InsuranceAccidental Death Insurance
Whole Life Insurance
Children's Whole Life
Life Protection Advantage SM
Income Advantage SM
Guaranteed Universal Life
AccumUL
BannerMutual of Omaha
Disability premium waiverAccelerated death benefit
Conversion to permanentAccidental death benefit
Flexible payment scheduleOther insured extension
Accelerated benefit riderWaiver of premium
Term laddering riderChildren’s riders
Child Protection RiderDisability and unemployment premium waivers
Jonathan Holloway
October 13, 2019
John Holloway is a licensed life insurance agent and co-founder at NoExam.com
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