Pacific Life vs. Mutual of Omaha life insurance

Learn the difference between the life insurance options offered by Pacific Life and Mutual of Omaha.

Pat Howard 1600


Pat Howard

Pat Howard

Senior Editor & Licensed Home Insurance Expert

Pat Howard is a senior editor and licensed home insurance agent at Policygenius, where he specializes in homeowners insurance. His work and expertise has been featured in MarketWatch, Real Simple, Fox Business, VentureBeat, This Old House, Investopedia, Fatherly, Lifehacker, Better Homes & Garden, Property Casualty 360, and elsewhere.

Published July 26, 2018 | 3 min read

Policygenius content follows strict guidelines for editorial accuracy and integrity. Learn about our editorial standards and how we make money.

Pacific Life and Mutual of Omaha are two of the most established life insurance companies on the market, both with well over 1,000,000 policyholders nationwide. Both have great consumer grades and offer competitive term life insurance rates.

So, how do you decide which company is best for you? Well, individual standards and needs differ from person to person, but the best ways to judge a life insurance company are third-party ratings, company strength, company features, and policy details.

Luckily for you, we did our homework. Read on to learn more about the term life insurance policies offered by Pacific Life and Mutual of Omaha.

Pacific Life vs. Mutual of Omaha term life insurance cost comparison

If you’re looking for the most affordable life insurance option, here are the average monthly premiums for Pacific Life and Protective term life insurance policies.

Pacific LifeMutual of Omaha
MaleAge 30$20.84$21.66
Age 40$29.59$33.47
Age 50$77.09$85.53
FemaleAge 30$19.18$23.41
Age 40$26.68$28.66
Age 50$61.67$64.09

Average premium cost based on $500,000/20-year term life insurance policies for health, nonsmoking applicants in California

Pacific Life vs. Mutual of Omaha health pricing

Life insurance company premium costs are largely based off an individual’s health and health history. But there isn’t a one-size-fits-all method for underwriting or determining an individual’s probability of staying healthy and well, so in terms of pricing, some companies are lenient toward certain illnesses and lifestyle trends while being more critical of others

Here’s how Pacific Life and Mutual of Omaha rate the most common life insurance health concerns:

Pacific LifeMutual of Omaha
Cancer Survivor/Family HistoryExcellentExcellent
Recent Weight LossGoodGood
Heart AttackGoodGood
Sleep ApneaExcellentExcellent
Former Tobacco UseFairFair
High Blood PressureFairGood
High CholesterolExcellentGood

Learn more about the best life insurance companies for every scenario.

Ready to shop for life insurance?

Start calculator

Pacific Life vs. Mutual of Omaha insurance rider availability

Sometimes, a carrier’s base policy just isn’t enough. This is where riders come in to play.

Riders allow you to customize your life insurance policy so that it covers more circumstances. Most fall under one of these four categories — family riders, long-term care riders, benefit structure riders and accidental death or dismemberment riders — and are worth looking into before making a final decision.

Here are the riders offered by Pacific Life and Mutual of Omaha.

Pacific LifeMutual of Omaha
Child Protection RiderXX
Accelerated Death Benefit RiderXX
Accidental Death Benefit Rider X
Disability Waiver of Premium RiderXX

Learn more about life insurance riders.

Pacific Life vs. Mutual of Omaha company ratings

Ratings agencies often feature different rating criteria, so it’s important to understand how each one functions. A.M. Best focuses on the financial strength of the company, while J.D. Power rankings are based on customer service surveys. The Better Business Bureau (BBB) gives letter grades based on consumer feedback.

How do Pacific Life and Mutual of Omaha grade out in terms of financial and customer service ratings?

Pacific LifeMutual of Omaha
A.M. BestA+A+
J.D. PowerN/A4 out of 5

Compare life insurance companies

Find more head-to-head comparisons between top-rated life insurance companies to help you make the right decision.

Choosing the right life insurance company

So which life insurance company is best for you? Are you leaning toward the cost-friendly Pacific Life? Or is the rider availability of Mutual of Omaha too hard to pass up?

Well, as we said at the top, it depends on the individual and which aspects of a policy they find most important and which aspects they can comfortably do without. This is where a little cost-benefit analysis comes in handy, and hopefully we did our part to make you to feel confident in whichever company you go with.

Ready to begin your search and start looking for the best policies that Pacific Life, Mutual of Omaha, and other top life insurance companies have to offer? Try out our coverage calculator to find plans and companies tailored to your needs.