Assurity vs. Mutual of Omaha: Best Life Insurance Company in 2021

The comparison of life insurance rates between Assurity vs. Mutual of Omaha shows that Mutual of Omaha is the more affordable option. The A.M. Best financial strength rating for Mutual of Omaha (A+) is slightly higher than Assurity's (A-). You can purchase term life insurance, whole life insurance, or universal life insurance products from Assurity or Mutual of Omaha.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Aug 6, 2021

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Quick Facts

  • Mutual of Omaha’s term life insurance rates are slightly cheaper than Assurity’s
  • Assurity and Mutual of Omaha life insurance rates are average in comparison to other industry competitors
  • Assurity and Mutual of Omaha each have strong financial strength ratings, although Mutual of Omaha is superior

If you’re shopping for competitive term life insurance quotes, you may want to compare Assurity vs. Mutual of Omaha. Comparing different providers helps to find great rates and strong, safe products.

There’s a lot to look into before choosing a life insurance provider. We’ll break down everything you need including the Mutual of Omaha vs. Assurity pricing, policy options, A.M. Best rating, and more.

Soon, you’ll be able to decide if Assurity vs. Mutual of Omaha are among the best life insurance companies. In the meantime, get instant rates from life insurance providers near you using our free quote tool above.

Assurity vs. Mutual of Omaha: Who has the best life insurance?

Assurity and Mutual of Omaha are both respectable life insurance providers that have been operating for a long time. Assurity has been in business since 1890 while Mutual of Omaha was founded in 1909.

While neither company has a following like some of the largest insurance brands, both are worth looking into. That starts with finding the right life insurance product for your needs.

What types of life insurance are available?

When comparing the Assurity and Mutual of Omaha life insurance company policies, you’ll find that each company has a good variety of policies to choose from.

With either company, you’ll be able to purchase term life insurance, whole life insurance, or universal life insurance policies. Term life insurance tends to be the more affordable of the bunch since whole and universal life insurance build cash value.

For added convenience, Assurity and Mutual of Omaha both offer no medical exam term life insurance. In fact, these companies are both mentioned among the best for no medical exams.

No medical exam life insurance policies are often a bit more expensive due to the added convenience. Mutual of Omaha has a few different options such as guaranteed issue, simplified issue, and so on.

At the end of the day, the most affordable Assurity or Mutual of Omaha life insurance policy will be via a term life insurance policy. Which company is the cheapest?

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Assurity vs. Mutual of Omaha: Which company has cheaper term life insurance?

When you select a life insurance policy, you’re likely going to commit to a long-term monthly payment of up to 30 years. With this type of commitment, it’s important to find the best rate.

For example, a savings of $5 per month can save you $1,800 over the course of 30 years. Why wouldn’t you want to save money on your term life insurance policy?

Average Assurity vs. Mutual of Omaha Monthly Life Insurance Rates by Age, Gender, and Term Length for $250,000
Age and Gender10-Year Term (Assurity) Average Monthly Rates10-Year Term (Mutual of Omaha) Average Monthly Rates20-Year Term (Assurity) Average Monthly Rates20-Year Term (Mutual of Omaha) Average Monthly Rates
25 - Male$13.92$11.18$15.44$13.33
25 - Female$9.79$9.89$11.96$12.04
35 - Male$13.92$13.12$18.49$14.84
35 - Female$11.96$11.40$16.10$13.76
45 - Male$23.71$18.06$35.89$30.75
45 - Female$19.58$15.91$28.06$25.16
55 - Male$51.11$41.50$87.44$72.24
55 - Female $40.46$31.39$64.82$54.61
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Based on the sample Assurity vs. Mutual of Omaha life insurance rates above, Mutual of Omaha has the more affordable term life insurance. In this example, the difference between the two becomes more notable with age.

Average Monthly Whole Life Insurance Rates for a Male with $100,000 in Coverage
CompaniesAge 50 Average Monthly Rates Age 55 Average Monthly Rates Age 60 Average Monthly Rates Age 65 Average Monthly Rates
AAA $17.78$22.53$37.14$59.93
Accordia Life$16.91$23.36$56.07$153.53
AIG $17.01$26.62$38.22$55.07
Assurity $20.10$28.45$44.20$67.08
Foresters Financial $15.31$20.83$34.04$43.66
Liberty Mutual $40.32$55.35$95.58$141.93
MassMutual$16.97$24.10$35.50$61.68
Mutual of Omaha$18.88$27.65$41.67$59.73
Prudential$21.88$28.18$37.72$58.45
State Farm $26.54$34.45$51.50$83.09
TransAmerica $20.21$30.10$42.66$71.29
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When comparing these rates to other competitors, both companies are about average. This means your Assurity and Mutual of Omaha life insurance quotes should come back at a reasonable price.

Don’t forget that there are many variables that affect your life insurance rates. If you’re a smoker or have a dangerous job, you could pay a significantly higher price for life insurance.

Assurity vs. Mutual of Omaha: Who has better ratings and reviews?

Price is important but it shouldn’t be your only focus when shopping for life insurance. Before you buy Assurity or Mutual of Omaha life insurance, you want to know that your provider is trustworthy.

Ratings Comparison for Assurity vs. Mutual of Omaha Life Insurance
Ratings AgencyAssurity RatingMutual of Omaha Rating
A.M. BestA-A+
Better Business BureauA+A+
J.D. PowerN/A789
Standard & Poor's (S&P)N/AA+
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Assurity has a limited number of ratings from major agencies like A.M. Best, Standard & Poor (S&P), and Fitch. That said, the A.M. Best financial strength rating for Assurity (A-) falls short of the rating for Mutual of Omaha (A+).

Assurity’s A.M. Best rating isn’t a concern but there aren’t any other organizations that can affirm their financial strength. Mutual of Omaha also boasts an A+ S&P rating.

J.D. Power also ranks Mutual of Omaha favorably when compared to many other industry competitors. In this recent study, Mutual of Omaha ranked in the top five life insurance providers for customer satisfaction.

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While Assurity doesn’t have a J.D. Power rating, they do show competence with customer service based on an A+ rating from the Better Business Bureau (BBB). This means you should be able to have any complaints handled fairly and promptly.

These ratings are likely boosted by a convenient claims process. For example, you can initiate claims using the Assurity life insurance customer login or Mutual of Omaha login.

Assurity vs. Mutual of Omaha: What are the pros and cons?

Choosing the right life insurance provider is an important decision that can save you thousands of dollars or precious time. Assurity and Mutual of Omaha have each shown that they can be formidable life insurance options.

To help you determine which company is best for you, we’ll break down the key pros and cons below.

Pros:

  • Strong financial ratings (both – Mutual of Omaha rated higher)
  • Competitive rates (both – Mutual of Omaha more affordable)
  • Strong customer satisfaction (Mutual of Omaha)

Cons:

  • Few ratings available (Assurity)

When choosing between Assurity and Mutual of Omaha, it’s pretty clear which company is the better option. Even so, it’s important to get quotes to get an accurate idea of which company can get you the best rates.

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Assurity vs. Mutual of Omaha: The Bottom Line

With so many life insurance options, it’s important to compare prices, policies, and company ratings. Mutual of Omaha and Assurity are both respectable companies with reasonable life insurance rates.

By now, you should be ready to choose between Assurity vs. Mutual of Omaha. Before you go, enter your ZIP code to get personalized rates from local life insurance providers near you.

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