Colonial Penn vs Mutual of Omaha Life Insurance

  • 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
  • YEAR FOUNDED
    1968
  • CURRENT CEO
    James Prieur
  • AVAILABLE
    47 States
  • ADDRESS
    399 Market Street Philadelphia PA, 19106
  • TOP AWARDS

    Children's Scholarship Fund Philadelphia (CSFP) Corporate Citizen of the Year

  • PROS
    • No Exam and No Health Questions for the Guaranteed Issue Whole Life Insurance
    • The death benefit does not decrease over the life of the policy but remain fixed as long as one continues to make premium payments
    • Your premium is fixed for the life of the policy
  • CONS
    • Online application unavailable for all plans
    • Low coverage amounts
    • No living benefit for Guaranteed Issue plan
SOURCEMutual of OmahaColonial Penn
JD Power4/5N/A
BBBA+N/A
AM BestA+A-
Moody'sA1Baa1
FitchN/ABBB+
Standard & PoorAA-BBB+
Comdex Score9362
SOURCEMutual of OmahaColonial Penn
Total Assets$42.429 billion $30 billion(CNO Financial Group)
Life Insurance in Force$216 billion $3.2B
Mutual of OmahaColonial Penn
Term Life InsuranceColonial Penn Guaranteed Issue Whole Life Insurance
Whole Life InsuranceColonial Penn Patriot Program Whole Life and Term Life
Mutual of OmahaColonial Penn
Term Life InsuranceColonial Penn Guaranteed Issue Whole Life Insurance
Accidental Death InsuranceColonial Penn Patriot Program Whole Life and Term Life
Whole Life Insurance
Children's Whole Life
Life Protection Advantage SM
Income Advantage SM
Guaranteed Universal Life
AccumUL
Mutual of OmahaColonial Penn
Accelerated death benefitNo riders available
Accidental death benefit
Other insured extension
Waiver of premium
Children’s riders
Disability 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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