Lincoln vs. Mutual of Omaha: Top Life Insurance in 2024
In a comparison of Lincoln vs. Mutual of Omaha life insurance companies, it was a tie. Looking at Lincoln and Mutual of Omaha life insurance rates, you see Lincoln is more affordable to men than Mutual of Omaha. However, Mutual of Omaha offers more affordable rates to women than Lincoln. Lastly, A.M. Best gave an identical Financial Strength Rating to Lincoln and Mutual of Omaha.
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Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...
Farmers CSR for 4 Years
UPDATED: Dec 4, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Dec 4, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Lincoln National offers more affordable rates to men of various ages
- Mutual of Omaha offers more affordable rates to women of various ages
- A.M. Best gave an identical rating to both companies
Part of what makes comparing life insurance companies difficult is the sheer number of options on the market. To simplify matters, we will be focusing on Lincoln vs. Mutual of Omaha life insurance today.
Our Mutual of Omaha and Lincoln life insurance review will cover pricing and A.M. Best ratings.
Before we dive into our Lincoln vs. Mutual of Omaha life insurance comparison, type your ZIP code into our free and helpful tool above to find the most affordable life insurance quotes in your area.
Lincoln vs. Mutual of Omaha: Which company offers more affordable life insurance rates to men?
The simplest place to start when comparing two companies is pricing. Let’s look at a table that compares Lincoln vs. Mutual of Omaha monthly term life insurance rates for men.
Lincoln vs. Others: Sample Rates for Males
| Companies | Male Age: 30 Average Monthly Rates | Male Age: 40 Average Monthly Rates | Male Age: 50 Average Monthly Rates | Male Age: 60 Average Monthly Rates |
|---|---|---|---|---|
| Lincoln National | $12.34 | $15.22 | $30.96 | $71.95 |
| Mutual of Omaha | $13.33 | $19.35 | $33.33 | $80.84 |
| Nassau Life | $17.43 | $26.15 | $51.69 | $119.78 |
| Nationwide | $13.56 | $16.41 | $32.59 | $86.41 |
| North American | $12.98 | $16.50 | $31.90 | $77.44 |
| Principal | $12.69 | $15.80 | $31.15 | $71.97 |
| Protective | $11.62 | $14.78 | $30.07 | $69.90 |
| Prudential | $21.88 | $25.60 | $38.07 | $79.41 |
| Sagicor | $12.60 | $17.07 | $43.59 | $103.05 |
| SBLI | $11.80 | $14.53 | $31.88 | $75.61 |
| Transamerica | $13.33 | $20.21 | $40.21 | $101.91 |
How easy is it to find affordable Lincoln vs. Mutual of Omaha life insurance quotes? As you can see, Lincoln is consistently the cheaper company.
Look at Lincoln vs. Mutual of Omaha life insurance rates for men in their 60s, where Mutual of Omaha is nearly $9 more per month.
In short, our Lincoln vs. Mutual of Omaha life insurance review has shown us that Lincoln is the cheaper company for men of various ages.
Let’s move on and see if the companies’ offered rates to women can balance the scale.
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Which company offers more affordable rates to women?
Let’s now take a look at a table that compares Lincoln vs. Mutual of Omaha monthly life insurance rates for women.
Lincoln vs. Others: Sample Rates for Females
| Companies | Female Age: 30 Average Monthly Rates | Female Age: 40 Average Monthly Rates | Female Age: 50 Average Monthly Rates | Female Age: 60 Average Monthly Rates |
|---|---|---|---|---|
| Lincoln National | $16.10 | $21.22 | $37.41 | $74.81 |
| Mutual of Omaha | $11.61 | $16.56 | $27.31 | $57.19 |
| Nassau Life | $16.14 | $22.52 | $42.11 | $89.06 |
| Nationwide | $13.34 | $16.19 | $27.13 | $61.69 |
| North American | $11.66 | $14.96 | $26.62 | $54.34 |
| Principal | $11.27 | $14.39 | $25.94 | $51.41 |
| Protective | $10.43 | $13.31 | $25.12 | $49.88 |
| Prudential | $17.72 | $21.22 | $37.63 | $59.07 |
| Sagicor | $10.95 | $15.10 | $36.75 | $63.78 |
| SBLI | $10.38 | $13.08 | $26.72 | $53.85 |
| Transamerica | $12.26 | $17.63 | $32.25 | $81.06 |
As you can see, this time, Lincoln is the more expensive company. Women in their 30s and 40s will pay about $5 more per month with Lincoln.
Lincoln is $10 more per month for women in their 50s. How much more expensive is Lincoln for women in their 60s? For this category, Lincoln is $17 more per month.
Let’s wrap up with A.M. Best ratings and see if the tie can be broken.
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Lincoln vs. Mutual of Omaha: Which company is more well-reviewed?
Finally, let’s look at the ratings given to these two companies by A.M. Best. These Financial Strength Ratings (FSR) give potential insured confidence in an insurer’s ability to meet its financial obligations.
Lincoln received a rating of “A+” (Superior), which is the second-highest rating given by A.M. Best.
What is the A.M. Best rating given to Mutual of Omaha? As it turns out, Mutual of Omaha received the same rating.
In conclusion, our Lincoln vs. Mutual of Omaha life insurance review has shown us that Lincoln is cheaper for men, Mutual of Omaha is cheaper for women, and the two companies hold an identical A.M. Best rating.
We hope you’ve learned all you needed to decide whether to buy Lincoln vs. Mutual of Omaha life insurance. Type your ZIP code into our free and helpful tool below to find affordable quotes in your area.
Frequently Asked Questions: Lincoln vs. Mutual of Omaha
What follows are a few commonly asked questions about these two companies.
#1 – What is the Mutual of Omaha phone number?
Mutual of Omaha can be reached at (800) 228-7104.
#2 – Is there Mutual of Omaha whole life insurance?
Amongst other forms of coverage, Mutual of Omaha does offer whole life insurance.
#3 – How can I access my Lincoln policy information?
You can use your Lincoln Life Insurance login information on the app.
Your one-stop online guide for life insurance quotes. Get free quotes now!
Secured with SHA-256 Encryption
Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...
Farmers CSR for 4 Years
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.