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Banner vs Mutual of Omaha Life Insurance

Banner and Mutual of Omaha are two solid life insurance companies. Rest assured you can't make a bad choice if you have narrowed it down to Banner and Mutual of Omaha. See our side by side comparison below to see how these two companies stack up. We have included financial ratings, current leadership, assets, and premium in force for both Banner and Mutual of Omaha.
  • 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

Compare Other Options

1st place trophy
1st

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2nd place trophy
2nd

AIG, also know as American International Group, has been in business since 1919. AIG's strong financial rating, product selection and competitive pricing earns it the #2 spot.

3rd place trophy
3rd

Banner is a subsidiary of Legal & General, and have been in business since 1836. They hold an A+ financial rating and have some of the most competitive rates. This earns them the #3 spot.

SOURCE Banner Mutual of Omaha
JD Power N/A 4/5
BBB A+ A+
AM Best A+ A+
Moody's N/A A1
Fitch AA- N/A
Standard & Poor AA- AA-
Comdex Score 94 93
SOURCE Banner Mutual of Omaha
Total Assets $7.3 Billion $42.429 billion
Life Insurance in Force $658 Billion $216 billion
Banner Mutual 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
Banner Mutual 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
Banner Mutual 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
January 1, 1970
Jonathan is a licensed life insurance agent at NoExam.com that writes about insurance, personal finance, lifestyle, and sports. See our pages on term life insurance, life insurance rates and life insurance companies for more.
Disclaimer: We make every attempt to make sure our information is up to date, but since things change often it is best to double check the data. This review is an opinion. Clicking on links may result in NoExam.com being compensated.