A whole life Omaha term plan review provides lifelong coverage, a guaranteed death benefit and cash value. It’s a great option for those who want to build their wealth, plan for long-term financial goals and provide security for loved ones.
USAA has partnered with Mutual of Omaha to offer their members a guaranteed issue whole life insurance solution, which includes the opportunity to add riders to customize coverage. This is a great way to cover a specific need like mortgage protection, final expense coverage or disability income protection. Mutual of Omaha is rated highly for customer service and has higher than average age limits for their whole life policies.
Mutual of Omaha’s Guaranteed Whole Life Insurance is available online or through an agent. It does not require a medical exam and is available to those between 45-85 (50-75 in New York). This policy has a graded death benefit for the first two years, but will eventually pay out the full death benefit.
Detailed Review of Omaha Term Life Plans
Other whole life policies offered by Mutual of Omaha include Life Answers and Term Life Express, which are available for those between 30-85, do not require a medical exam and have an unlimited amount of death benefits. The company also offers two indexed universal life insurance options, including Income Advantage Indexed Universal Life, which can accumulate cash value based on performance of an index such as the S&P 500.
Mutual of Omaha has a variety of other products and services, such as retirement planning, college savings plans, mortgage protection, long-term care and disability insurance, supplemental Medicare, auto and home insurance and investment services. They have an A+ rating with the Better Business Bureau and receive a lower share of complaints than the industry average.