Most seniors in Bakersfield are likely familiar with Mutual of Omaha from growing up or watching the “Mutual of Omaha’s Wild Kingdom” TV show.
Mutual of Omaha is a mutual insurance company based in Omaha, Nebraska, which primarily targets Baby Boomers and their parents. I know this company well, having worked there for five years as an agent, trainer, and manager.
While United of Omaha, a subsidiary of Mutual of Omaha, sells life insurance to people of all ages, the company is best known for its life insurance for seniors. They also provide popular Medicare Supplement policies to seniors, and their travel insurance kiosks are often seen at the airport.
Mutual of Omaha offers a variety of life insurance options, including term, whole, and universal life, and their prices for permanent insurance are on the higher side, but still competitive.
However, they excel in the senior life insurance market, offering a “no medical exam” senior whole life insurance policy marketed as “Final Expense Insurance” to people between the ages of 45 and 80 in Bakersfield.
Although the policy doesn’t require a medical exam, you will need to answer questions about your medical history, and there is no guarantee that the policy will be issued.
For seniors seeking life insurance coverage with smaller face amounts ranging from $5,000 to $25,000 and lenient underwriting and application approval, Mutual of Omaha Senior Life is a great option. Additionally, the company’s customer service received high marks, ranking third in J.D. Power’s 2022 Life Insurance Survey..