United of Omaha Life Insurance Company is the annuity and life insurance subsidiary of Mutual of Omaha — one of the most recognized insurance brands in America. With an A+ (Superior) AM Best rating, over $50 billion in total assets across the Mutual of Omaha group, and deep brand recognition among the 55–75 demographic, United of Omaha is a carrier worth serious attention for annuity buyers who value institutional stability and household-name familiarity.
This review covers United of Omaha’s financial strength, annuity product lineup, current MYGA rates, and how it compares to other A+ rated carriers in 2026.
United of Omaha at a Glance
Here are the key facts about United of Omaha before we go deeper:
| Detail | Information |
|---|---|
| Full Legal Name | United of Omaha Life Insurance Company |
| Parent Company | Mutual of Omaha Insurance Company |
| Headquarters | Omaha, Nebraska |
| Founded | 1909 (Mutual of Omaha parent); United of Omaha incorporated 1926 |
| Structure | Mutual company — no outside shareholders; policyholders are owners |
| AM Best Rating | A+ (Superior) |
| S&P Rating | AA- (Very Strong) |
| Total Assets (Group) | $50+ billion |
| Comdex Score | Approx. 95 out of 100 |
| Products Offered | MYGAs, SPIAs, FIAs, term life, whole life, Medicare supplement |
| States Available | All 50 states |
| Minimum Premium | $5,000 (most annuity products) |
United of Omaha’s Financial Strength Ratings
United of Omaha holds an A+ (Superior) rating from AM Best — the second-highest possible tier. As part of the Mutual of Omaha group, it also benefits from an AA- rating from S&P Global, placing it among a select group of U.S. annuity carriers with top-tier ratings from both agencies simultaneously.
The mutual company structure matters here. Unlike stock companies with public shareholders to satisfy, Mutual of Omaha operates solely for the benefit of its policyholders. This structure has historically produced conservative financial management, low debt levels, and long-term stability — factors that AM Best heavily weighs.
Mutual of Omaha has been operating continuously since 1909 without a year of insolvency or government intervention. The company navigated the 2008 financial crisis, the 2020 pandemic, and multiple interest rate cycles while maintaining its A+ rating throughout. That track record carries weight for buyers placing $100,000 to $500,000 in a long-term annuity.
For context: Barbara, age 67, rolled over $200,000 from her 401(k) into a United of Omaha 5-year MYGA. Her primary criteria were financial strength and brand recognition — two boxes United of Omaha checks as firmly as any carrier on the market.
What Types of Annuities Does United of Omaha Offer?
United of Omaha offers a focused lineup of annuity products through the independent agent channel:
- Multi-Year Guaranteed Annuities (MYGAs) — Fixed rate locked in for a set term (typically 3–7 years). United of Omaha MYGAs are distributed through independent agents and frequently appear in multi-carrier rate comparisons.
- Single Premium Immediate Annuities (SPIAs) — Convert a lump sum into guaranteed monthly income beginning within 30 days. United of Omaha has a strong SPIA track record and competitive payout rates for income-focused buyers.
- Fixed Index Annuities (FIAs) — Interest credits linked to a market index with a guaranteed floor of zero. Available with optional guaranteed lifetime withdrawal benefit (GLWB) riders for income planning.
No rate data found for this carrier at this time.
United of Omaha MYGAs allow up to 10% free withdrawals annually beginning after the first contract year. This is a standard provision among competitive MYGA carriers and provides meaningful liquidity for buyers who may need periodic access to funds during the term.
United of Omaha Fixed Index Annuity Products
United of Omaha’s FIA lineup is designed primarily for income-focused retirement buyers rather than pure accumulation seekers. Products feature index crediting options tied to the S&P 500 and other major indices, with optional income riders providing guaranteed lifetime income regardless of market performance.
The combination of United of Omaha’s A+ financial strength and GLWB income rider availability makes their FIA products worth comparing alongside Midland National, Athene, and other top FIA carriers. An independent advisor can compare current FIA terms and income projections side by side for your specific situation.
Who Is United of Omaha Best For?
United of Omaha is a strong fit for buyers who prioritize brand recognition and financial strength alongside competitive rates:
- Brand-conscious buyers aged 60–75 who have seen Mutual of Omaha Medicare supplement commercials for decades and trust the name. This familiarity often reduces anxiety when placing large sums — a real psychological benefit that shouldn’t be dismissed.
- Income-focused retirees who want a SPIA or FIA with a GLWB rider to generate guaranteed monthly income. United of Omaha’s SPIA payout rates are consistently competitive.
- IRA rollover clients moving 401(k) or traditional IRA assets into a tax-deferred fixed annuity. United of Omaha’s $5,000 minimum is accessible for smaller rollovers as well as large ones.
- Buyers in all 50 states — full national distribution through the independent agent channel.
United of Omaha may not always offer the absolute highest MYGA rate in a given term. If maximizing yield is your sole objective, use our live rate comparison table to check all carriers. But if you want A+ financial strength, national brand recognition, and competitive (not top-of-market) rates, United of Omaha consistently delivers.
Contact United of Omaha Life Insurance Company
You can reach United of Omaha directly for customer service, policy questions, or claims:
| Contact Method | Details |
|---|---|
| Website | www.mutualofomaha.com |
| Customer Service Phone | 1-800-342-4742 |
| Mailing Address | United of Omaha Life Insurance Company Mutual of Omaha Plaza Omaha, NE 68175 |
| Hours | Monday–Friday, 7 a.m.–5:30 p.m. CT |
Working with My Annuity Store: My Annuity Store is independent — not affiliated with United of Omaha or Mutual of Omaha. We compare United of Omaha products against 20+ other carriers to find the best fit for your goals and risk tolerance. Request a free quote or call us at 855-583-1104.
