Many residents of Oakland, particularly seniors, may be familiar with the name Mutual of Omaha, either from their childhood or from watching the popular television show “Mutual of Omaha’s Wild Kingdom.”
The company, which is headquartered in Omaha, Nebraska, is a mutual insurance company, meaning it is owned by its policyholders. As a former agent, trainer, and manager at Mutual of Omaha, I can attest to the company’s expertise and reputation in the insurance industry.
United of Omaha, a subsidiary of Mutual of Omaha, offers life insurance policies for people of all ages, with a particular focus on Baby Boomers and their parents. In addition to life insurance, Mutual of Omaha is a well-known provider of Medicare Supplement policies and travel insurance.
When it comes to life insurance, Mutual of Omaha offers a variety of products, including term, whole, and universal life insurance. While their prices for permanent insurance may be higher compared to some other insurers, they remain competitive.
However, where the company truly excels is in providing life insurance for seniors. Their “Final Expense Insurance” policy, which is marketed as a “no medical exam” senior whole life insurance policy, is available to people between the ages of 45-80.
While no medical exam is required, medical history questions must be answered, and approval is not guaranteed.
For seniors in Oakland seeking a life insurance policy with a smaller face amount, Mutual of Omaha Senior Life may be a viable option. With coverage ranging from $5,000 to $25,000, it’s a great choice for those who don’t require a larger payout.
Mutual of Omaha is also recognized for its flexible underwriting and high approval rates for applications. In fact, it placed third in customer satisfaction in J.D. Power’s 2022 Life Insurance Survey.