Mutual of Omaha

Mutual of Omaha was founded in 1909 by a group of Omaha-based businessmen, including its first president, John N. McGowan. Originally established as Mutual Benefit Health and Accident Association, the company aimed to provide affordable life insurance and health benefits to its policyholders. Over the decades, Mutual of Omaha expanded its offerings and evolved into a diversified financial services organization.

By the mid-20th century, the company had developed a strong reputation for its commitment to policyholder service and financial stability. In the 1960s, Mutual of Omaha entered the Medicare market, offering Medicare Supplement Insurance to address the needs of seniors seeking additional coverage beyond traditional Medicare. The company has since grown to become one of the largest providers of Medicare-related insurance products in the United States.

Mutual of Omaha specializes in a wide array of insurance products, including: Medicare Supplement Insurance, Dental Vision and Hearing, Cancer and Critical Illness, Long Term Care, Medicare Advantage, Accidental Death and Disability Income.

Mutual of Omaha has maintained a solid financial position throughout its history, backed by a robust investment portfolio and disciplined underwriting practices. The company consistently receives high ratings from independent rating agencies, reflecting its financial strength and ability to meet its obligations to policyholders.

As a mutual company, Mutual of Omaha operates with a focus on policyholder interests rather than shareholder profits. This structure allows the company to reinvest earnings into its products and services, enhancing value for its customers.

One interesting aspect of Mutual of Omaha's history is its long-standing commitment to community service and health advocacy. The company has supported various health-related initiatives and organizations, including sponsoring educational programs aimed at promoting wellness and preventive care.

Additionally, Mutual of Omaha is well-known for its television advertising featuring the iconic character, "Mutual of Omaha's Wild Kingdom," which has been a staple of American television since the 1960s. This unique branding helped the company establish a strong presence in the insurance market and reinforced its image as a trusted provider of insurance solutions.

Pros
- Diverse Product Portfolio: Mutual of Omaha offers a wide range of insurance products, catering to the various needs of its policyholders and making it a one-stop shop for insurance solutions.

- Strong Financial Ratings: The company’s financial strength and high ratings instill confidence in policyholders and agents alike, ensuring that it can meet claims obligations.

- Commitment to Customer Service: With a focus on policyholder satisfaction, Mutual of Omaha is known for its responsive customer service and comprehensive support.

Cons
- Complexity of Offerings: The broad array of products may lead to confusion for some consumers, making it challenging for them to navigate their options.

- Competition in the Medicare Market: As the Medicare insurance market becomes increasingly competitive, Mutual of Omaha faces pressure to innovate and maintain its market share.


Mutual of Omaha has established itself as a leading provider of insurance solutions, particularly in the Medicare segment. With over a century of experience, a strong financial foundation, and a diverse product portfolio, the company is well-positioned to meet the evolving needs of its policyholders. While it faces challenges in a competitive market, Mutual of Omaha's commitment to service and community remains a hallmark of its identity in the insurance industry.

• A+ rating with AM Best and an AA- rating with S&P.
• Established in 1909, Mutual of Omaha has been a household name for over a century.
• They pay 98%a of Medicare claims within 12 hours, saving clients the hassle of worrying about claim status.
• Clients receive various policy options when using Mutual of Omaha as a Medicare insurance company.
• Mutual of Omaha offers Medicare Part D prescription drug plans, dental coverage, and long-term care insurance – to name a few of their products.
• Household discounts make it beneficial to choose Mutual of Omaha if your spouse already has an active Medigap policy with this company.


Mutual of Omaha Pros:
Mutual of Omaha Medicare Supplement Plans are available in almost every state, making it one of the most widely available Medicare Supplement carriers.

Mutual of Omaha Medicare Supplement Plans are available in almost every state, making it one of the most widely available Medicare Supplement carriers.

Mutual of Omaha Cons:
For most new to Medicare, only three Medicare Supplement plans are available in most areas. (Medigap Plan A, Plan G, and Plan N).

Internet and mobile access to plans are more difficult through Mutual of Omaha than other carriers. The website can be difficult for seniors to track claims, review benefits, or make payments.