United of Omaha Life Insurance Company
| Name: | United of Omaha Life Insurance Company |
| Description: | United of Omaha Life Insurance Company is a Mutual of Omaha company. As a mutual company, owned by policyholders, the company takes a more conservative approach to investments and business decisions, and is not driven by the short-term quarterly results that often characterize publicly traded companies. Mutual of Omaha's capital position is quite strong with more than 2.2 billion in statutory surplus. |
| Website: | http//www.mutualofomaha.com/ |
| Customer Service: | 1-800-775-7894 |
| Address: | Mutual of Omaha Plaza Omaha,NE 68175 |
| Offered by QuickQuote in: | All states except for: NY |
| Year Founded: | 1909 |
| AM Best Rating: | A+ as of 2011 |
| S&P Rating: | A+ |
Included Term Life Product Features
| Accelerated Death Benefit: | Included with no extra premium This pays 94 percent of the death benefit in a
lump sum if you provide evidence that your life expectancy is 12 months or less. In WA, this pays 88 percent of the death benefit in a lump sum if you provide evidence that your life expectancy is 24 months or less. |
| Policy Conversion: | Included with no extra premium. The 10-year policy may be converted any time up to age 75. The 15- and 20-year term policies can be converted before age 75. Term Life 30 may be converted in the first 15 policy years. |
Optional Term Life Product Features
| Dependent Children's Rider: | Available with extra premium. You can choose to purchase a small amount of term life insurance coverage for your dependent children (infant to 23 years). This rider also helps secure your children’s insurability later in life because it can be converted to permanent life insurance. |
| Waiver of Premium Rider: | Available with extra premium. If you become disabled, this rider allows for all policy fees, charges and costs of insurance to be waived as long as you remain disabled. |
Other Information
| Legal Information | Policy Forms: Term Life 10 – 6179L-0696 (or state equivalent). In ID, 6337L-0696. In NC, 6254L-0696. In OK, 6258L-0696. In OR, 6259L-0696. In PA, 5947L-0495. In TX, 5957L-0495. Term Life 15 – 6181L-0696 (or state equivalent). In ID, 6339L-0696.
In NC, 6300L-0696. In OK, 6304L-0696. In OR, 6305L-0696. In PA, 6306L-0696. In TX, 6309L-0696. Term Life 20 – 6182L-0696 (or state equivalent). In ID, 6340L-0696. In NC, 6323L-0696. In OK, 6327L-0696. In OR, 6328L-0696. In PA, 5779L-0295. In TX, 5782L-0295. Term Life 30 – 7064L-0203 (or state equivalent). In NC, 7164L-0203. In OK, 7169L-0203. In OR, 7170L-0203. In TX, 7172L-0203. Your policy includes a free-look provision. If you are not satisfied with your policy, return it to United of Omaha or QuickQuote within the free-look period. The premium paid will be refunded, and your policy will be canceled as of the date any insurance became effective. The policy face amount will not be paid if the Insured’s death results from suicide, while sane or insane, within two years of the date of issue (in CO, MO or ND, within one year). Instead, we will pay the sum of premiums paid since issue. In MO, benefits will be paid for all causes of death unless evidence shows that suicide was intended at the time of purchase. |
United of Omaha Life Insurance Company Plans
| Term Life Answers 10
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10-year term life insurance with rates guaranteed for 10 years. |
| Term Life Answers 15
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15-year term life insurance with rates guaranteed for 15 years. |
| Term Life Answers 20
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20-year term life insurance with rates guaranteed for 20 years. |
| Term Life Answers 30
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30-year term life insurance with rates guaranteed for 30 years. |