Haven Life
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Fabric
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Ladder
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Policygenius
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Location
Serves residents in
Omaha, NE
(855) 695-2255
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EverQuote
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Location
Serves residents in
Omaha, NE
(855) 522-3444
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State Farm Insurance: Cory Juma
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Location
15665 Harrison St., Ste. K
Omaha, NE 68136
(402) 891-6161
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AAA Life Insurance
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Location
2909 N. 118th St.
Omaha, NE 68164
(800) 684-4222
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United of Omaha Life Insurance Co.: Mutual of Omaha
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Location
3316 Farnam St.
Omaha, NE 68175
(402) 342-7600
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New York Life Insurance Company
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Location
1 Valmont Plz., Ste. 100
Omaha, NE 68154
(402) 496-6400
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American Income Life Insurance: Tiffany Roland
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Location
2809 S. 160th St., Ste. 201
Omaha, NE 68130
(402) 933-4995
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WoodmenLife: Clay Caligur
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Location
1700 Farnam St.
Omaha, NE 68102
(402) 661-6282
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Bankers Life
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Location
1055 N. 115th St., Ste. 202
Omaha, NE 68154
(402) 493-4330
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Liberty National: Jacob Harr
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Location
11128 John Galt Blvd., Ste. 120
Omaha, NE 68137
(617) 462-0820
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Life insurance ensures your loved ones are financially protected in the event of your death. The death benefit pays for the cost of outstanding debts, mortgages, lost income, college tuition and final expenses. If someone depends on your income or your death would leave someone in a financial bind, you should purchase life insurance.
Taking out a life insurance policy is a good fit for parents with young children, heads of households and business owners. Those in Omaha with elderly relatives who may need care also benefit from the security provided by life insurance. People who are close to retirement and have healthy retirement funds may need less insurance, but many use the benefits as a financial planning tool because of the tax benefits.
Individuals in Omaha with a high net worth benefit financially because life insurance benefits are generally tax exempt. Life insurance policies can help pay for estate taxes so that the full inheritance is passed down to the beneficiaries.
Types of life insurance in Omaha
Before you start comparing life insurance policies, it’s helpful to know the different types available in Omaha. Some of the most common life insurance policies include:
Nebraska Department of Insurance has a helpful guide that explains the type of life insurance you may need based on your age.
To determine the benefit amount you need, start by calculating the cost required to maintain the beneficiaries’ standard of living. The amount of life insurance coverage should be equal or close to the lost income resulting from your death for as long as the beneficiaries need to rely on that income.
The cost of life insurance in Omaha
The amount of your monthly premium depends on the type of policy, the term length and the death benefit provided by the policy. Insurance companies in Omaha also use an actuary to look at other factors that determine your costs. These factors include:
Choosing a life insurance policy in Omaha
When choosing a life insurance policy, look for ones with fixed premiums so you know what to expect to pay each month. A reputable life insurance company should offer multiple policy options and be financially stable so it has the resources to pay the death benefit to your beneficiaries. Major carriers such as State Farm, MetLife, Prudential Financial and New York Life Insurance have more than 100 years of financial stability.
Before purchasing a life insurance policy, you can look up an insurance company’s financial strength with the five independent credit rating agencies: Standard & Poor’s, AM Best, Fitch, Kroll Bond Rating Agency and Moody’s. The agencies may not always give the same ratings to companies, so you should look at a company’s rating from two or more agencies.
Omaha residents can also use the search feature on the Nebraska Department of Insurance website to see if a life insurance company or agent is licensed with the state.
Haven Life |
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Haven Life is a nationwide insurance provider that exclusively offers term life insurance policies. Its traditional term life policies range from 10 to 30 years with coverage up to $3 million, and its Simple policy, which doesn’t require a medical exam, lasts for five to 15 years with coverage up to $500,000. Haven Life’s policies also come with added benefits like guaranteed renewed coverage, an online legal service for creating wills, secure online document storage, and 15% off at CVS MinuteClinics. |
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Fabric |
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Fabric is an online-only insurance provider offering 10-, 15- or 20-year term life insurance. You can purchase between $100,000 and $5 million in coverage, but the limit is $1 million if you prefer not to take a medical exam. The company also has an accidental death policy that is available for individuals between ages 25 and 45. |
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Ladder |
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Ladder is an online insurance provider offering term life policies of 10 to 30 years with coverage from $100,000 to $8 million. The company allows you to adjust coverage at any time for free, and for an extra fee, you can get a price-lock guarantee. Its plans are issued by Allianz Life Insurance Company of New York and Fidelity Security Life Insurance Company. |
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Policygenius |
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Policygenius is an online insurance broker where Omaha residents can get free quotes from multiple life insurance providers. Policygenius has a team of financial advisers and underwriters to help with your life insurance questions. Online reviews from Omaha show customers appreciate getting multiple insurance quotes in one place. |
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EverQuote |
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EverQuote is an online insurance service that lets Omaha customers receive quotes from multiple insurance providers by filling out a short application. Companies then contact customers via email or phone call with quotes. Many Omaha customers say they are happy with the service, but others are displeased with excessive calls from insurance companies. |
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