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Mutual of Omaha offers whole, term, and other permanent life insurance plans. Life insurance can be used for retirement, end-of-life planning, and much more.

Since its founding in 1909 (by a medical student at Nebraska’s Creighton University and his wife), Mutual of Omaha Life Insurance has evolved into a Fortune 500 company offering financial solutions and insurance coverage to over 5 million people across the country. It remains a big player in life insurance for good reason. A policy from MOH empowers individuals to leave loved ones with choices for navigating long-term financial futures, not expenses.

Types of Life Insurance Plans from Mutual of Omaha

When steered by the right company, a life insurance policy becomes an investment vehicle for death and retirement. Mutual of Omaha Life Insurance boasts a wide range of life insurance products. Here’s the rundown:

Term life insurance: This affordable choice offers coverage for a specific period (say, an individual’s critical income-earning years) or purpose, like a home mortgage. Term life insurance is simple. It comes with a death benefit for a specific “term,” carries no cash value, and remains the most affordable option. If the policy is not converted to a whole life insurance policy within the guidelines in your policy documents, it will expire, and no death benefit will apply.

Term Life Express: This is available for individuals ages 18-80 (with maximum age varying by state and risk class) in standard terms of 10, 15, 20, and 30 years. Death benefits begin at $25,000 and top out at $300,000. This option, available without a medical exam, comes with lower maximum coverage to offset the company’s risk. In addition, Term Life Express offers an accelerated death benefit rider, unlike standard term life insurance policies. If the buyer can prove they will die within 24 months, buyers can withdraw up to 92% of the value in a lump-sum payment.

Term Life Answers: This policy is available for individuals ages 18-70, depending upon the term. Choose from 10, 15, 20, and 30 years, with coverage beginning at $100,000. A medical exam is required for qualified life insurance applicants.

Whole life insurance: This option offers stability via a handful of guarantees, including a minimum …read more

Source:: Business Insider


Mutual of Omaha Life Insurance Review 2023

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