Mutual of Omaha is a household name in American insurance, and among life insurance shoppers, it’s especially known for one thing: underwriting flexibility for applicants with common health conditions that other insurers rate more harshly.
Company Overview
Mutual of Omaha has operated for over a century and holds an AM Best rating of A+ (Superior), placing it firmly among the industry’s most financially stable insurers. It offers term, whole, and final expense life insurance, with a reputation for being genuinely willing to work with applicants who have manageable health issues.
Key Features
| Feature | Details |
|---|---|
| Products | Term life, whole life, final expense/guaranteed issue whole life |
| AM Best rating | A+ (Superior) |
| Underwriting reputation | Notably flexible for conditions like diabetes, high blood pressure, and mental health history |
| Age range | Broad, including strong options for older applicants and final expense buyers |
Pros
- Strong reputation for approving applicants with common, well-managed health conditions at reasonable rate classes
- Full product range, including final expense whole life for older applicants who don’t need or qualify for term
- High financial strength rating (A+) and over a century of operating history
Cons
- Not always the cheapest option for perfectly healthy applicants with no health conditions — its underwriting flexibility is most valuable if you actually have something to underwrite around
- Applying often involves an agent rather than a purely self-serve online flow
Who Mutual of Omaha Is Best For
Mutual of Omaha is worth prioritizing if you have a health condition — diabetes, high blood pressure, a history of anxiety or depression — that’s been declined or rated poorly elsewhere. See our guides on life insurance for diabetics and life insurance with depression or anxiety for how these conditions typically affect underwriting industry-wide.
Frequently Asked Questions
Is Mutual of Omaha good for perfectly healthy applicants too?
Yes, though its biggest competitive advantage shows up for applicants with a health condition to work around. Perfectly healthy applicants should still compare its pricing against other top carriers.
Does Mutual of Omaha offer no-exam coverage?
Yes, including final expense and simplified issue options that don’t require a medical exam, particularly useful for older applicants.
The Bottom Line
Mutual of Omaha’s combination of strong financial ratings and genuine underwriting flexibility makes it one of the best options for applicants who don’t fit the “perfectly healthy” mold most insurers optimize for.
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