Mutual of Omaha offers four types of life insurance to meet a wide range of financial planning needs:

• Term life
• All the life
• universal life
• Indexed universal life

Omaha Term Life Mutual

If you’re interested in life insurance coverage for a specific period, such as earning years, or to cover a specific debt such as a mortgage, term life insurance is an effective and affordable choice. It is a simple type of life insurance that provides a guaranteed death benefit. There is no cash value in term life insurance policies. It’s the most affordable life insurance per dollar of coverage.

Omaha Mutual Express Term Life Insurance is available to buyers between the ages of 18 and 80 (maximum issue age varies by state and risk class) for terms of 10, 15, 20 and 30 years. There’s a level premium for the initial term you choose, and the death benefit amount available starts at $25,000 and goes up to $300,000. Since Mutual of Omaha takes more risk with this product by not requiring a medical exam, it is offered with lower maximum coverage amounts to compensate for their risk.

Answers to temporary life is another term life insurance policy option from Mutual of Omaha, offered in terms of 10, 15, 20 and 30 years. This option requires a medical exam and coverage amounts start at $100,000. Depending on the term chosen, Answers to temporary life is available to buyers between the ages of 18 and 70.

Omaha Whole Life Mutual

Whole life insurance is an option for people looking for a life insurance policy with certain guarantees and cash value growth. Some of these whole life guarantees include a minimum rate of return on cash value, premiums that do not increase, and a death benefit that does not decrease. You can’t survive a whole life insurance policy as long as you pay the premiums.

Omaha Mutual Guaranteed whole life insurance offers guaranteed coverage with no medical exams required or health questions. Buyers between the ages of 45 and 85 (or 50 and 75 in New York) can choose benefits ranging from $2,000 to $25,000 (or $5,000 to $25,000 in Washington) and their premiums don’t never increase. With this whole life insurance policy, you can also access cash value.

Mutual of Omaha’s Guaranteed Whole Life Insurance has a graduated death benefit. This means that if an insured person dies from a non-accidental cause (such as illness) within the first two years of the policy, their beneficiary will only receive the premiums paid plus 10%. After the initial two-year period, the beneficiary will receive the full death benefit.

Omaha Universal Life Mutual

Universal life insurance is similar to whole life insurance in some ways and in other ways quite different. Like whole life, universal life is a type of permanent life insurance that provides a lifetime death benefit with a cash value. However, universal life offers the flexibility (and increased risk) to change the amount of the premium and the amount of the death benefit within certain limits.

AccumUL Answers is Mutual of Omaha’s universal life insurance policy that provides a lifetime death benefit to purchasers between the ages of 18 and 85 for amounts ranging from $25,000 to over $1 million. One of its other primary purposes is to accumulate cash value (potentially tax-sheltered) to provide higher future income potential. These policies are guaranteed to earn a minimum of 2% per year. You may be subject to redemption fees if you cancel or resubmit a AccumUL Answers politics in the first nine years.

Omaha Indexed Universal Life Mutual

Indexed universal life (IUL) is another type of permanent life insurance that provides coverage for life. These are often flexible but risky policies that may have few guarantees. If your living situation changes and you need to adjust premiums and death benefits, you may be able to do so with an IUL.

IUL policies tie your cash value to a specific index, so your cash value will rise and fall with that index, such as the S&P 500. There are floors and caps in IUL policies that limit the amount you can win or lose. Indexed universal life accounts require more careful management than other life insurance products and often carry higher account management fees.

Mutual of Omaha offers two indexed universal life insurance products: Life Protection Advantage and Income advantage.

Life Protection Advantage includes a fixed interest cash value component with at least 0% downside protection. This protection means that although you can lose your investment, you cannot lose more than what you have invested. This death benefit, starting at a minimum of $100,000, is guaranteed until age 90.

If you cancel this policy within the first 14 years, you may be subject to surrender charges.

Income benefit is available to buyers between the ages of 18 and 85 and has no limit on how long you can keep coverage. It places more emphasis on the potential for cash value growth than Life Protection Advantage and is linked to the performance of the S&P 500. However, it also offers no less than 0% downside protection and a guaranteed interest rate on fixed accounts of at least 2%.

As the Life Protection Advantageif you cash out and complete a Income benefit policy in the first 14 years, you may be subject to surrender charges.