Mutual of Omaha vs Transamerica Life Insurance

  • YEAR FOUNDED
    1928
  • CURRENT CEO
    Mark W. Mullin
  • AVAILABLE
    All 50 States
  • ADDRESS
    Cedar Rapids, Iowa
  • TOP AWARDS

    Diversity Best Practices Inclusion Index

    2018 Thomson Reuters Lipper Fund Award

  • PROS
    • Financially secure
    • Competitive life insurance products
    • Variety of products available
  • CONS
    • Some insureds have complained of having to deal with third-party representatives instead of direct sales agents.
    • No BBB accreditation
  • 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
SOURCETransamericaMutual of Omaha
JD Power2/54/5
BBBN/AA+
AM BestAA+
Moody'sA1A1
FitchA+N/A
Standard & PoorAA-AA-
Comdex ScoreN/A93
SOURCETransamericaMutual of Omaha
Total Assets$8.63 billion$42.429 billion
Life Insurance in Force$1,018 billion$216 billion
TransamericaMutual of Omaha
Whole life insuranceTerm Life Insurance
Term life insuranceAccidental Death Insurance
Universal life insuranceWhole Life Insurance
Variable Universal life insuranceChildren's Whole Life
Life Protection Advantage SM
Income Advantage SM
Guaranteed Universal Life
AccumUL
TransamericaMutual of Omaha
Trendsetter SuperTerm Life Insurance
Trendsetter ExpressAccidental Death Insurance
Trendsetter Living BenefitsWhole Life Insurance
Transamerica Universal LifeChildren's Whole Life
Transamerica Premier Financial Foundation IULLife Protection Advantage SM
Guaranteed Whole LifeIncome Advantage SM
Guaranteed Universal Life
AccumUL
TransamericaMutual of Omaha
Children’s Insurance RiderAccelerated death benefit
Accident Indemnity RiderAccidental death benefit
Return of Premium Rider (For 20- & 30 Year Terms)Other insured extension
Waiver of Premium RiderWaiver of premium
Guaranteed Insurability Benefit RiderChildren’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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