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finder.com’s rating: 3.5 / 5.0
★★★★★
Yes
Short term disability
Yes
Long term disability
Benefit period |
Simplified issue: 12, 24 or 36 months
Short-term: 3, 6, 12 or 24 months Long-term: 2, 5, or 10 years, or to age 65 or 67 |
---|---|
Waiting period |
Simplified issue: 30 days (injury) or 90 days (sickness)
Short-term: 0 (accident), 7, 14, 30, 60 or 90 days Long-term: 60, 90, 180 or 365 days |
Coverage amount |
Simplified issue: $300–$4,000
Short-term: $300–$5,000 Long-term: $300– $20,000 |
Individual credit | |
Available states | Not available in New York |
Policy riders |
Accelerated death benefit rider |
Simplified issue | Yes |
Review by
Katia Iervasi is a staff writer who hails from Australia and now calls New York home. Her writing and analysis has been featured on sites like Forbes, Best Company and Financial Advisor around the world. Armed with a BA in Communication and a journalistic eye for detail, she navigates insurance and finance topics for Finder, so you can splash your cash smartly (and be a pro when the subject pops up at dinner parties).
With both simplified issue and more comprehensive policies in its lineup, Mutual of Omaha caters to a range of disability insurance buyers. Its coverage is customizable, but is capped at $20,000 in monthly benefits, which may be too low for some high-income earners.
To find the policy that suits your needs, compare disability insurance companies.
Mutual of Omaha has been accredited with the Better Business Bureau since 1940, and has an A+ rating for its customer service, as of October 2020. The BBB records 117 complaints in the last three years, which is low given the size of the company. Customers award the insurer 1.4 out of 5 stars — but this is based on just nine reviews, and none of them focused on disability insurance.
In J.D. Power’s latest study on customer satisfaction, Mutual of Omaha ranked 5th of 23 insurers surveyed and scored “better than most.”
An insurer’s financial strength should be an important factor in your decision because you might not file a claim for years to come. Mutual of Omaha scores top ratings from the major agencies, and manages over $43 billion in assets — so it’s a financially strong choice.
Agency | Rating |
---|---|
A.M. Best | A+ (Superior) |
Moody’s | A1 (Good) |
Standard & Poor’s | AA- (Very strong) |
Fitch | N/A |
J.D. Power | 4 out of 5 circles |
You can start by getting a quote online.
Founded in 1909, Mutual of Omaha is a mutual insurer and a Fortune 500 company. Over the years, it branched out to sell a suite of insurance products, as well as supplemental Medicare policies and mortgages. It was the first company to include a rehab provision in its disability policies.
Mutual of Omaha is committed to animal conservation. It’s well-known for its Wild Kingdom show on the Animal Planet network, and the Wild Kingdom Kids Summit, an annual event that challenges children to think of ways to save endangered wildlife.
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Our experts analyze disability insurance companies to help you find the best income protection policy for you.
We assess each company’s financial strength and customer satisfaction, as well as policy features, benefit and elimination periods and available riders. We then give each insurer a score between one and five stars that reflects available options and industry reputation.