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Best Life Insurance Quotes in Omaha, NE

Oct. 15, 2019, 3:22 p.m.

Life insurance protects your loved ones if you pass away. It covers lost income, final expenses and remaining debts. You want to purchase a policy from an insurance provider that is financially stable and offers a variety of policies. Our partners at ConsumerAffairs researched the best life insurance in Omaha to benefit your family’s financial well-being.

Everyone deserves to make thoughtful, informed purchase decisions. The local guides provided on this website are free for consumers. 3 News Now may receive compensation from our partners. Learn more.

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(855) 522-3444
State Farm Insurance: Cory Juma
State Farm Insurance: Cory Juma
Features
  • M-F: 9am - 5:30pm
  • Sat: By appointment
  • Closed Sun
  • coryjuma.com
Location
15665 Harrison St., Ste. K
Omaha, NE 68136
(402) 891-6161
AAA Life Insurance
AAA Life Insurance
Features
  • M-F: 8am - 10pm
  • Sat: 9am - 6pm
  • Closed Sun
  • aaalife.com
Location
2909 N. 118th St.
Omaha, NE 68164
(800) 684-4222
United of Omaha Life Insurance Co.: Mutual of Omaha
United of Omaha Life Insurance Co.: Mutual of Omaha
Features
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • mutualofomaha.com/life-insurance
Location
3316 Farnam St.
Omaha, NE 68175
(402) 342-7600
New York Life Insurance Company
New York Life Insurance Company
Features
  • M-F: 9am - 7pm
  • Closed Sat and Sun
  • nebraska.nyloffices.com
Location
1 Valmont Plz., Ste. 100
Omaha, NE 68154
(402) 496-6400
American Income Life Insurance: Tiffany Roland
American Income Life Insurance: Tiffany Roland
Features
  • M-F: 8am - 4:30pm
  • Closed Sat and Sun
  • ailife.com/products
Location
2809 S. 160th St., Ste. 201
Omaha, NE 68130
(402) 933-4995
WoodmenLife: Clay Caligur
WoodmenLife: Clay Caligur
Features
  • M-F: 7am - 5pm
  • Closed Sat and Sun
  • woodmenlife.org
Location
1700 Farnam St.
Omaha, NE 68102
(402) 661-6282
Bankers Life
Bankers Life
Features
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • bankerslife.com/products/life-insurance
Location
1055 N. 115th St., Ste. 202
Omaha, NE 68154
(402) 493-4330
Liberty National: Jacob Harr
Liberty National: Jacob Harr
Features
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • agency.libertynational.com/jacobharr
Location
11128 John Galt Blvd., Ste. 120
Omaha, NE 68137
(617) 462-0820

How to choose life insurance in Omaha

Omaha skyline

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:

  • Term life insurance covers the insured for a predetermined period, usually between 10 and 30 years. It’s common for parents with young children to have this type of life insurance policy. Term life insurance has fixed premiums that are paid monthly.
  • Whole life insurance provides coverage for the insured’s entire life. These policies have fixed premiums as well, but they tend to be more expensive than term life insurance because they have a guaranteed return on investment. Whole life policies also build up a cash value that can be borrowed from during the insured’s lifetime.
  • Universal life insurance is a type of whole life coverage and has an investment savings element that earns interest based on the current market or minimum interest rate, whichever is greater. These policies are usually less expensive and more flexible than traditional whole life policies.

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:

  • Age
  • Gender
  • Medical history
  • Current health
  • Occupation
  • Hobbies

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.

Policygenius

Policygenius

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

EverQuote

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.

Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.

Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.