Thinking about applying…
For a final expense life insurance policy, but just aren’t sure which company is going to be the best for you? Have you narrowed down your search to just a few companies such as Gerber and Mutual of Omaha?
Well if so…
Then you may find the following comparison chart quite helpful in making your final decision.
|
|
|
|---|---|---|
| Comparing ⟶ | Gerber Life | Mutual of Omaha |
Year Founded |
1967 |
1909 |
Company Structure |
Private |
Mutual |
Pricing |
$ $ $ | $ $ $ |
Types of Policies: |
||
Term Life |
✓ | ✓ |
Whole Life |
✓ | ✓ |
Universal Life |
✗ | ✓ |
Final Expense |
✓ | ✓ |
Ratings: |
||
A |
A+ |
|
| ✗ | A+ |
|
| ✗ | A1 |
|
| ✗ | ✗ | |
| ✗ | 90 |
|
Not Accredited |
A+ |
|
0.51 |
0.65 |
|
IBUSA's Overall Score |
||
Company Review |
Now as you can see…
Both Gerber and Mutual of Omaha are both very strong and stable insurance companies, offering excellent burial insurance plans for seniors.
And that is why you probably can’t go wrong choosing either assuming that you would be able to qualify for the same “rate” with each.
Just know that each has unique products and guidelines.
These guidelines are…
Also going to play a major role in determining what “price” you may pay for your insurance.
For example, a policy from Mutual of Omaha may require medical information, whereas a policy from Gerber Life is guaranteed issue insurance, which does not require any health information at all.
So, while each of these companies offering no medical exam life insurance may be the right choice for many, it’s quite possible based on your unique situation that one or both of these companies may not be “right” for you!
The good news is…
That we here at I&E work with dozens of different life insurance companies so that when it comes time to determine which company is going to be the best for you, we don’t have to rely on just one or two different options.
