Compare Pacific Life vs. Mutual of Omaha Life Insurance

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  • Compare Pacific Life vs. Mutual of Omaha life insurance products to find out what types of policies and riders meet your needs and those of your beneficiaries.

When you're shopping for policies, you may need to compare Pacific Life vs. Mutual of Omaha life insurance offerings. Both providers are major players in the industry — they're stable and highly rated. If you're not sure which to choose, it can help to look at specific coverage options to figure out which company and policy best meets your needs.

Compare Pacific Life vs. Mutual of Omaha Life Insurance: Coverage Options

Both Pacific Life and Mutual of Omaha offer multiple types of life insurance. Mutual of Omaha has the advantage when it comes to children's whole life insurance; Pacific Life doesn't offer this type of policy. If you're interested in growth, Pacific Life offers guaranteed minimum interest crediting rates on its term and universal life insurance products.

Coverage options and prices may be different based on where you live. Policies are not available in every state.

Life Insurance From Mutual of Omaha

  • Children's Whole Life Insurance: Mutual of Omaha issues life insurance policies for kids aged 14 days to 17 years. Coverage lasts for the child's entire life. Since premiums are more affordable, this is a way to lock in cheaper prices
  • Term Life Insurance: Term life insurance offers temporary coverage for 10, 15, 20 or 30 years. Premiums never increase, and you can opt to convert the plan to a permanent life insurance policy before the term is up.
  • Whole Life Insurance: Whole life policies are active as long as you pay the premiums. Monthly payments are fixed, and your policy may grow in cash value over time. There are no medical exams if you're between the ages of 45 and 85 and looking for coverage between $2,000 and $25,000.
  • Universal Life Insurance: Universal policies are Mutual of Omaha's most flexible; they give you the freedom to adjust the death benefit and change the premium frequency or amount. Coverage lasts your whole life, and the policy increases in cash value over time. Mutual of Omaha offers universal and indexed universal policies.

Life Insurance From Pacific Life

  • Term Life Insurance: Pacific Life offers more term options for this type of insurance: 10, 15, 20, 25 or 30 years. Certain term life policies can be converted to a permanent policy. For others, you can choose the payment frequency in advance.
  • Whole Life Insurance: Whole life policies from Pacific Life come with fixed premium amounts. If you're interested in cash value, it's important to note that the company offers guaranteed minimum interest rates for each policy.
  • Universal Life Insurance: In addition to indexed universal and universal policies, Pacific Life also offers a variable universal option that Mutual of Omaha does not. Many policy types offer guaranteed minimum interest crediting rates for predictable cash-value growth. Indexed universal policies from Pacific Life also come with guaranteed protection from loss, so you won't lose money if the linked index falls.

What Riders Do Pacific Life and Mutual of Omaha Offer?

Pacific Life and Mutual of Omaha offer many similar life insurance riders, including:

  • Accelerated death benefit
  • No-lapse guarantee
  • Accidental death benefit
  • Disability waiver of premium
  • Guaranteed insurability 
  • Long-term care rider

Mutual of Omaha also offers a disability income rider and a waiver of premium rider that covers you in case of unemployment or excessive damage to your home.

While Pacific Life doesn't offer a standalone children's life insurance product, some policies are compatible with a rider that includes $10,000 in coverage for kids between 15 days and 18 years old. Mutual of Omaha offers a similar rider.

Not all riders are available with every plan, so it's important to read the fine print before you buy. Additionally, options, such as the guaranteed insurability rider, are usually good to a certain age.

Pacific Life vs. Mutual of Omaha: Ratings

Both Pacific Life and Mutual of Omaha receive strong ratings in terms of financial strength, which means they're able to meet their financial obligations to customers and contract holders. This is important for life insurance because it helps ensure that your cash value and death benefit are safe. Both companies have a stable outlook.

S&P Global

A.M. Best



Pacific Life





Mutual of Omaha





Pacific Life vs. Mutual of Omaha: Ease of Access

If you're in a hurry, Mutual of Omaha enables you to get a quote online for whole life and term life insurance products. You'll need to call an agent to get a quote for a universal life insurance policy. If you have a question, the company's website has a live chat feature that can provide quick answers.

Pacific Life doesn't offer online quotes or online applications — you'll need to work with an agent for both steps.

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