Most Fresno seniors are likely familiar with Omaha due to the popular “Mutual of Omaha’s Wild Kingdom” television show, which they may have grown up watching or enjoyed with their children.
As the name suggests, Mutual of Omaha is also a mutual (policyholder-owned) insurance company, based in Omaha, Nebraska. As a former agent, trainer, and manager with the company, I can attest to its solid reputation.
While the insurer does offer life insurance to people of all ages through its subsidiary, United of Omaha, it primarily targets Baby Boomers and their parents.
Mutual of Omaha is a top choice for seniors seeking Medicare Supplement policies, and you may have even come across their travel insurance kiosks at the airport.
In terms of life insurance, Mutual of Omaha offers a diverse range of policies, including term, whole, and universal life. Their prices for permanent insurance tend to be on the higher end, but they remain competitive.
However, where Mutual of Omaha truly excels is with their life insurance for seniors. Their “no medical exam” senior whole life insurance policy, available to individuals aged 45-80, is particularly noteworthy.
Marketed as “Final Expense Insurance,” the policy is essentially a smaller face amount whole life insurance policy that does not require a medical exam.
While no medical exam is required for the senior life policy, applicants must answer questions about their medical history, and there is no guarantee that the policy will be issued.
Despite this, Mutual of Omaha remains a popular and reliable option for Fresno seniors seeking life insurance.
For seniors in Fresno seeking life insurance policies with smaller face amounts, ranging from $5,000 to $25,000, Mutual of Omaha senior life is an exceptional option.
The insurer’s underwriting and application approval process is relatively liberal, making it more accessible for many older adults.
Moreover, Mutual of Omaha’s customer service is top-notch, as reflected in its ranking as the third-highest insurer in the 2022 Life Insurance Survey conducted by J.D. Powers