About United of Omaha Life insurance Company
United of Omaha Life insurance is a Mutual of Omaha life insurance affiliate since 1926. This is a great company that has some great life insurance products, and many unique benefits. The company’s sponsorship of the long-running Mutual of Omaha’s Wild Kingdom TV show introduced it to a generation of Americans. Recognizing that the connection remained strong, the company has revived the television series which now runs on Discovery Communications’ Animal Planet cable channel and YouTube.Any good United of Omaha Life Insurance review will need to address the company’s strong ratings. A.M. Best, the flagship rating agency, gives United of Omaha an A+ rating. Standard and Poor’s rates United of Omaha an A+ rating.
Applying for Life Insurance with United of Omaha
United of Omaha life insurance allows individuals to apply through the traditional application process with an agent face to face with a paper application. Additionally, an electronic application is available, which can be completed with an agent present or via phone with a Mutual of Omaha representative. In fact, this method is becoming very popular among clients who prefer to shop for life insurance online. Specifically, you can complete an application with one of our agents via phone, and receive an application via email ready for signature. it is, in fact, the fastest way to get approval.
Products Offered by United of Omaha Life Insurance Company
- United of Omaha Term Life Answers:
Term coverage for 10, 15, 20, and 30 years. United of Omaha Term Life Answers is one of the most complete Term life insurance products in the industry today. It not only offers some unique additional benefits at no extra cost, but it is also extremely competitive. If you have average health and need at least $100,000 of insurance coverage, Term Life Answers may be for you. As with most traditional life insurance products, Mutual of Omaha term life answers requires a complete medical exam including Blood, urine, measurements, and blood pressure reading. Additionally, other tests may be required depending on your age and the amount of life insurance you are planning to obtain.
Available benefits and Riders:
- Conversion to age 75 to any of the Company’s Universal Life products.
- Accelerated death benefit for terminal illness rider provides accelerated death benefit if the insured provides evidence that their life expectancy is 12 months or less.
- Waiver of Premium for Unemployment rider which waives premiums for the base plan and all riders if the insured becomes unemployed.
- Accidental death benefit rider.
- Dependent children’s rider is available to be converted later on.
- Another insured rider (requires full underwriting).
- Disability Waiver of premium rider if you become disabled for six months or more.
- United of Omaha Term Life Express.
Term Life Express is a great option for No Exam Term Life insurance. Best of all, you can obtain as low as $25,000 of Term life insurance or as high as $300,0000 without any complicated blood and urine examinations. There are 10, 15, 20, and 30-year term options. Also, for an additional cost, you can add the Return of premium option. This means that once you survive the term period, you will receive up to 100% percent of your premiums back. If you choose ROP, you have nothing to lose.
Benefits and Riders at no additional cost:
- Common Carrier Death Benefit
- Waiver of Premium for Unemployment Rider
- Residential Damage Waiver of Premium Rider
- Accelerated Death Benefit for Terminal, Critical and Chronic Illness
Disclaimer: These No cost benefits vary by state and age of the insured. Please review your policy carefully to find out what benefits you qualify for in your state of residence.
- Guaranteed Universal Life:
Universal Life Insurance with a fixed premium. If you are between 51 and 65 years old you can get obtain up to $250,000 of life insurance coverage. Best of all, With GUL Express you do not need a medical exam.
Guaranteed Universal Life Survivor: Universal life insurance with a fixed premium insuring both spouses. The death benefit is paid upon the death of the surviving spouse.
Available GUL Riders
- Accelerated Death Benefit
- Chronic Illness Rider
- Terminal Illness Rider
United of Omaha Life insurance has some interesting niches that help set the Company apart from its competitors. One of the best niches is the Company’s Fit Underwriting Credit Program which benefits clients who normally would be rated below standard. The Company offers 14 lifestyle and health credits. If a client possesses characteristics identified as three or more of the credits then the client will be eligible for a better rate class, up to two table ratings.
Competitive Pricing United of Omaha’s rates are priced competitively, often ranking in the top 5 spots for various term lengths for both genders ages 40-65.