Mutual of Omaha Life Insurance Review 2025

Mutual of Omaha ranks first overall in our analysis of best guaranteed acceptance life insurance companies. It's also our top pick for best life insurance for children.

The company works well for older adults who need guaranteed-issue whole life coverage. The insurer accepts applicants ages 45 to 85 for whole life policies from $2,000 to $25,000 with no medical exam and no health questions. You can apply online in about five minutes and get coverage right away.

Term life covers applicants ages 18 to 80 with death benefits up to $10 million. All term policies convert to permanent coverage without requiring medical exams again. Three universal life products serve buyers who want permanent coverage with cash value growth. All three include accelerated death benefits for terminal or chronic illness at no extra cost.

Only guaranteed issue life and children's whole life allow online applications. Term and universal life require calling an agent. Buyers who want instant online quotes for term coverage may find faster options elsewhere. Those who prefer traditional whole policies should compare other whole life insurance providers.

Mutual of Omaha sells different types of life insurance products. The company emphasizes no-exam options and flexible products.

Accidental death insurance pays a benefit only if you die from a covered accident. Premiums cost less than traditional life insurance because coverage excludes deaths from illness or natural causes. This coverage works as a supplement to other life insurance.

Mutual of Omaha's accidental death insurance covers ages 18 to 70 with up to $1 million in benefits. Guaranteed approval is based on age. Renewal is available until age 80. Common carrier benefit pays up to $1 million.

Life insurance riders add benefits to your base policy. Availability varies by policy type and state.

Life insurance premiums depend on your age, health, coverage amount and policy length. Younger applicants pay less because they're statistically less likely to die during the policy term. Smokers pay more than nonsmokers for equivalent coverage. Your actual premium may differ based on underwriting results.

These rates reflect average term life quotes from MoneyGeek's 2025 survey for applicants with average weight and health ratings. Your actual premiums may be higher or lower based on your health, lifestyle and other underwriting factors.

Beneficiaries file claims by contacting Mutual of Omaha to report the death and request claim forms. The company requires a certified death certificate, the policy number and completed claim paperwork.

After submitting the claim form with required documents, beneficiaries receive payment by check or electronic transfer once the claim is approved. Processing times vary based on the completeness of documentation, case complexity and policy details.

Our Mutual of Omaha life insurance review shows that the company works well for buyers who need guaranteed-issue whole life coverage without medical exams. It also suits families looking for children life insurance coverage. The insurer also offers term, universal and indexed universal policies.

Buyers who want online quotes for term coverage should compare other insurers. Mutual of Omaha requires phone calls for term and universal life, which slows the shopping process. People who prefer traditional whole life policies should also consider other companies.

Life insurance pays your family when it matters most, so company reliability is critical. For this Mutual of Omaha life insurance review, we evaluated pricing, financial stability and product range to show you where this insurer delivers.

Our scoring weighs three factors:

• Affordability (55%): Premium costs matter most because they determine whether your family can maintain coverage long-term. MoneyGeek gathered Mutual of Omaha quotes for multiple profile types and compared them against major competitors.
• Customer Experience (30%): A.M. Best financial ratings and state complaint data reveal how Mutual of Omaha handles claims and resolves problems.
• Coverage Options (15%): Product range, availability and conversion privileges matter when your needs change. The analysis examined what Mutual of Omaha offers beyond basic term life.

How We Established Pricing Benchmarks

To compare Mutual of Omaha's rates fairly against competitors, we started with a standard profile: 40-year-old male nonsmoker, 5'9" tall, 180 pounds with an average health rating.

We then adjusted age, gender, height, weight, tobacco use and health rating to see how Mutual of Omaha handles different customer profiles.

What We Analyzed

We gathered Mutual of Omaha quotes across multiple term lengths and coverage amounts to understand how pricing scales as coverage needs increase.