Physicians Mutual Life Insurance Review (2022)

Physicians Mutual is an insurance company that offers dental and life insurance, Medicare supplement, and other products such as car insurance and funeral pre-planning. With the motto "insurance for all of us", Physicians Mutual sets up their website to where anybody can access resources through their site. Customers, non-customers, and beneficiaries can find free dental insurance kits, providers' information, forms, and more.

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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: Nov 24, 2021

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Quick Facts

  • Physicians Mutual offers dental insurance, life insurance, Medicare supplement, and more
  • This insurance company helps with car insurance and funeral planning for you or a loved one
  • On their website, you can find resources for a free dental insurance kit

Are you wanting insurance, but you are unsure where to start? Physicians Mutual insurance company is an excellent insurance company and works to meet their customer’s obligations.

They offer different health insurance policies, life insurance, and medicare supplements. You can access health insurance quote forms that will help you decide if this is the place for you.

Health insurance isn’t all that is offered. Check out Physicians Mutual and see if they are the company for you. Enter your ZIP code and get a free quote today.

Who is Physicians Mutual?  

Physicians Mutual has an A rating by A.M. Best, which is considered an excellent rating. This rating is based on the financial strength and Physicians Mutual’s ability to meet their customer’s obligations.

“Insurance for all of us” is the motto that Physicians Mutual is built on. They offer dental insurance and life insurance. Physicians Mutual Medicare supplements are also available. The company helps its clients find eye doctors if they need them as well.

Physicians Mutual has $2.6 billion in assets and $269.8 million in total claims they pay annually.

What does Physicians Mutual offer?

Dental, life insurance, Medicare supplements are of the main products that are offered by Physicians Mutual. Physicians Mutual dental insurance helps pay for at least 30 different preventative services, as well as offers basic benefits after three months of coverage and major benefits after 12 months of coverage.

Physicians Mutual dental insurance reviews show that this company was rated the Best Dental Insurance for seniors by TopTenReviews. Physicians Mutual dental insurance for seniors offers special pricing and there are no deductibles or limits on coverage.

Physicians Mutual life insurance allows the insured to have a policy that builds cash value, offers lifetime protection, stays locked in with low rates, and has access to different available discounts.

As with every insurance company, Physicians Mutual insurance company has pros and cons.

ProsCons
Guaranteed Approval: acceptance is guaranteed for first life insurance policy with companyLower coverage amounts: only up to $15,000 in coverage
31-Day Satisfaction Guarantee: full refund given to insured if policy is canceled within 31-days of purchasingSmall number of plans
Coverage never canceledLimited number of products: only offer whole, term, and children's life insurance
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Available Plans Through Physicians Mutual

Whole life, another way of saying permanent life insurance, is offered by Physicians Mutual through a guaranteed renewable policy. Although it is targeted at individuals between the ages of 45 and 85, this policy cannot be canceled if your health changes or when your age changes.

The whole life death benefit caps at $15,000, but it offers an accidental death benefit up to $20,000.

No medical questionnaire or medical exam is required for this policy with Physicians Mutual.

This company offers two different term life insurance policies. There is a 10-year term for individuals between the ages of 18 and 70, and there is a 20-year term for ages 18 to 60.

Your coverage can be between $25,000 and $50,000 during your term, which is dependent on your age and the term you choose.

Unlike whole life insurance, two health questions will have to be answered before purchasing the policy, but still, no medical exam is required.

Term life means there is an expiration date on the policy. When it expires, you can purchase a new policy, or convert your term life to a whole life insurance policy. This can be done up to age 95.

Another plan that Physicians Mutual offers is known as high benefit term life. This option provides greater coverage than the standard term life, presenting as a solution for different issues, serving as temporary income replacement, or helping with extensive bills.

The last policy available is life insurance for children. Guardians of a child can purchase a policy for a child that is as young as 2-weeks old and as old as 12 years of age. This policy can have a benefit between $5,000 and $10,000. This type of coverage is not only permanent but builds cash value.

Although it is not a policy, Physicians Mutual offers funeral pre-planning options. It is prepaid coverage that is paid directly to the funeral home to be used for the insured’s funeral.

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What are some resources that could help me if I can’t speak to an agent?

There are a few different resources offered by Physicians Mutual if you need help – whether you are a customer, non-customer, or beneficiary. Whether you need help breaking down life insurance terms, or figuring out how much coverage you need, a resource is available to you.

Customers and non-customers have to go to Physicians Mutual website and follow the steps. It asks if you are a customer or a non-customer. You click on the category you fall in and follow the steps towards the assistance you need.

Beneficiaries request help through the “forms” link on the website.

Other resources include the following:

  • Free dental insurance kit
  • Providers information
  • Access to finding a dentist
  • Find a Form
  • Access to your account
  • Different ways to connect with the company

The customer service number is 1-800-228-9100 and a representative is available to speak to you Monday-Friday between 8 a.m. and 5 p.m. CST.

If you wish to get ahold of an agent directly, call 1-800-820-1761.

Physicians Mutual’s mailing address is Physicians Mutual P.O. Box 3313 Omaha, NE 68103.

Find out if Physicians Mutual insurance is the right fit for you. Enter your ZIP code and get a free quote today.

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