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United of Omaha Guaranteed Whole Life Insurance Review

Reviews 875
Mutual of Omaha
Visit Site
Mutual of Omaha
Mutual of Omaha
Excellent
Reviews 875
Bestmoney Staff
Feb. 22, 2024
3 min read
BestMoney Staff
Mutual of Omaha Summary
United of Omaha Guaranteed Whole Life Insurance provides permanent life insurance with varying coverage amounts and set benefits for beneficiaries. Founded in its namesake city in 1926, it has a reputation of nearly 100 years for aiding people in protecting their families.

Pros

  • Affordable whole life policies
  • Convertible policies

Cons

  • Whole life policies have somewhat low payouts

Mutual of Omaha at a glance

9.2
Editorial score

Coverage type

Offers both term and whole life insurance with no medical exams required.
10.0

Customization of policies

Customizable rates and deductibles, some upgrades and downgrades available
8.0

Customer services and support

Multiple communication options and a dedicated agent
10.0

Online experience

Site is easy to use, but doesn't display all relevant information
8.0

Direct insurer?

Yes, direct insurer
10.0

Mutual of Omaha Mutual of Omaha Visit Site

Who Can Benefit From United of Omaha Guaranteed Whole Life Insurance?

Policyholders seeking an inexpensive guaranteed whole life insurance policy from a reputable provider with a J.D. Power index score of 817 for customer satisfaction will be happy with United of Omaha Guaranteed Whole Life Insurance. 

Features

United of Omaha Guaranteed Whole Life Insurance is a permanent lifetime policy that offers death benefits and cash value. No medical exam requirement or inquiries about health status. The benefit varies from $2,000-$25,000. Benefits are never reduced because of age or health and your rates are locked for the duration of your policy. 

Application Process

To acquire a United of Omaha Guaranteed Whole Life policy, you will need to complete a simple 4-step application. 

  1. Choose whether you want to apply online or over the phone. 
  2. If applying online, you can easily complete the 4-step application, including your personal information, naming beneficiaries, paying, and signing. 
  3. If you apply by phone, you will be connected to a licensed agent from United of Omaha, who will assist you in completing the simple, 4-step application. 

United of Omaha’s Guaranteed Whole Life Insurance policy does not require a medical exam. 

As a guaranteed issue product, there is no waiting period. Your first payment can be collected at the time of your application, and because it's a guaranteed issue product, the policy will be in force as soon as your first payment is received. 

Policy Terms

United of Omaha Guaranteed Whole Life Insurance is a permanent policy that covers the holder’s lifetime, given that the premium is paid continuously, and accrues cash value over the length of the policy. A policy for the whole life of children is also available. 

  • Coverage from $2,000- $25,000 ($5,000-$25,000 in Washington.)

 Requirements: 

  •  Must be aged 45-85 (50-75 in New York)
  •  Consultation with an advisor/agent 


How Safe Is It?

United of Omaha is in compliance with the Gramm Leach Bliley Act (GLBA), state privacy laws, and the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”) to respect customer information and privacy. 

Residents of specific states may also have additional privacy rights.

Mutual of Omaha Mutual of Omaha Visit Site

Help & Support

Articles that address frequent customer concerns such as Coverage & Benefits, Claims, Payment & Billings can be found via the site’s Help Finder feature. Policyholders can manage their policies and make payment transactions through their accounts.

Customer service is available via telephone from Monday to Thursday, 7AM to 5:30PM, and until 5:00 PM on Fridays. The insurer also offers the option to get a call back from a customer service agent.

Bottom Line

United of Omaha Guaranteed Whole Life Insurance is designed to help bear the financial burden of end-of-life expenses. Its quick access to agents also ensures that customers are matched with policies best suited for their needs, while also receiving accurate breakdowns of their costs and benefits. 

United of Omaha Guaranteed Whole Life Insurance may be preferable because it does not require a medical exam and you can lock in your payments and coverage, so your premiums will never go up and your benefits will not decrease as you age. 

Its impressive financial strength sends United of Omaha Life Insurance to the top of the list of reliable insurance companies.

Physical Address

3300 Mutual of Omaha Plaza Omaha, NE 68175 United States 

Ad number D611110 

Disclaimer: 

This life insurance does not specifically cover funeral goods or services, and may not cover the entire cost of your funeral at the time of your death. The beneficiary of this life insurance may use the proceeds for any purpose, unless otherwise directed. 

During the first two years, if you die from natural causes (any cause other than accidental), your beneficiaries will receive all premiums paid, plus 10%. After two years, the full benefit is paid for death due to any cause. 

Policy form ICC18L198P or state equivalent. In FL, D787LFL19P. In NY, 1002Y-0119. United of Omaha Life Insurance Company is licensed nationwide. 

Life insurance policies are underwritten by United of Omaha Life Insurance Company, 3300 Mutual of Omaha Plaza, Omaha, NE 68175. United of Omaha is licensed nationwide except in New York and does not solicit business in New York. In New York, Companion Life Insurance Company, Melville, NY 11747. 

Mutual of Omaha and its affiliated companies are committed to protecting your privacy. We do not sell, rent or lease your information to others. Learn more about our privacy policy.













BestMoney Staff
Written by
Bestmoney Staff
Our editorial staff consists of writers who are knowledgeable about financial services. We specialize in simplifying the process of choosing the right provider for your needs.
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Trustpilot reviews
See what some customers are saying about Mutual of Omaha
Excellent • Reviews 875
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Excellent
87%
Great
5%
Average
2%
Poor
1%
Bad
6%
We upload 100 to 400 Trustpilot reviews to our website daily, displaying them by default from "best" to "worst". You have the option to adjust the sorting criteria. If you wish to see all reviews, you can visit Trustpilot's website here.
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Jack Ivy
4 months ago
The very best in his field!
Mr. Dominique Sinsay is the number one agent in his career field. He’s the sole reason my disabled sister can now remain in her home. My sister faced losing her home because her income was being reduced by a third. She would not be able to make her mortgage payments. Her only hope was to apply for a HECM reverse mortgage that would eliminate her mortgage payments. However, this was a complex undertaking because of her bad credit score and extreme indebtedness. I worked on her behalf in an attempt to secure a reverse mortgage through Mutual of Omaha, the top-rated company for HECMs. We were put into contact with Mr. Sinsay who devoted hours of his time and walked us through the process and suggested ways we could improve her credit and debt to income ratio. Along the way we ran into many obstacles that Mr. Sinsay worked hard to overcome for her. For example, he personally contacted some of my sister’s biggest creditors to determine if they’d accept payment from this HECM loan should it be approved, further reducing her debt to income ratio to the point that it was acceptable. Through years of experience, skill, and determination he secured approval from Mutual of Omaha as well as the loan underwriters and the FHA. This was a Herculean task that I was afraid couldn’t be accomplished. Mr. Sinsay deserves all the credit for my sister being able to stay in her home. Many, many thanks! Jack M. Ivy, Jr. Colonel (ret), USAF
Dorothy Gutierrez
5 months ago
Reverse Mortgage review.
We were satisfied with the attention and professional of the people that helped us get our Reverse Mortgage. Dominique Sinsay was our go to person with everything we needed to do.
GG
Grace Navarrete Gonzales
6 months ago
Very helpful!
Very helpful!
JH
Jordon H
6 months ago
Levi was super helpful!
I started the conversation off of knowing nothing about how to get a loan or what you need to get a loan and ended the conversation completely confident in buying a house!
Naomi Akita
6 months ago
Mark is the best mortgage broker in the…
Mark is the best mortgage broker in the business. Best rates and best service,
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