Gerber Life vs. Mutual of Omaha: Top Life Insurance in 2024
Comparing Gerber Life vs Mutual of Omaha shows that both companies have their benefits. Mutual of Omaha has more affordable term life insurance and children's whole life insurance policies and offers a plethora of other financial products. Gerber Life offers unique life insurance policies designed for every stage of life and currently holds a better NAIC complaint score.
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Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...
Farmers CSR for 4 Years
UPDATED: Mar 25, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Mar 25, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Gerber Life focuses on policies for families with options for infants, teens, adults, and seniors
- Mutual of Omaha offers policies for every age group and several other financial policies like annuities and insurance coverage types
- Mutual of Omaha offers more affordable term and child life insurance policies
- Gerber Life currently holds a lower complaint index score with the NAIC
If you are looking for life insurance from reputable companies, it can be difficult to decide who offers more. To help you decide, we’re comparing Gerber Life vs. Mutual of Omaha.
Both companies provide varied life insurance options for their customers. This includes both whole and term life insurance, as well as other financial services.
Keep reading to learn more about what makes each company great and who offers the most affordable life insurance.
Read our Gerber Life vs. Mutual of Omaha review or start comparing rates right away. Enter your ZIP code above, and we will help you find other affordable life insurance quotes in your area.
Gerber Life vs. Mutual of Omaha Review
Both Gerber Life and Mutual of Omaha offer a wide array of life insurance and other financial products. However, there are some major differences between the two companies.
Gerber Life is primarily focused on providing financial services for families.
They have options for life insurance policies for infants all the way up to seniors. Many of its other financial services revolve around putting children through school and otherwise supporting a family unit.
Mutual of Omaha has no specific leaning in their policies. However, they do provide a wider scope of products.
Mutual of Omaha offers everything from dental insurance and prescription plans to accidental death insurance and long-term care insurance. This broader view means they are more likely to have a product that fits you.
Gerber Life Insurance Basics
Despite being synonymous with baby products, Gerber Life insurance serves individuals of all ages with several life insurance options and savings accounts.
Founded in 1967 by the Gerber food and baby supply brand, Gerber Life has a strong A.M. Best rating of A and a stable financial outlook.
The company has a very positive reputation with customers. According to the National Association Of Insurance Commissioners, Gerber Life has a solid complaint index score of 0.44, well below the average score of one.
This indicates very few customer complaints, and overall customer satisfaction is a big component for many looking to make a long-term financial decision.
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Mutual of Omaha Life Insurance Basics
Mutual of Omaha was founded in 1909, making it the more established of the two companies with over 100 years in business.
The company offers many financial services, not just life insurance, making them a one-stop-shop for many financial needs.
Mutual of Omaha life insurance is known for providing some of the most affordable term life insurance options on the market, with rates starting as low as 10.02 for a 20-year policy.
In addition, Mutual of Omaha has a good reputation, with an A.M. Best rating of A+. While the customer complaint rating with the NCIS rose in 2020 to a complaint index score of 1.22, which is just above average.
Last year they had a 0.52, which shows a fairly steep increase in complaints over a year.
Gerber Life vs. Mutual of Omaha: Who offers the most affordable rates?
It will depend on the type of policy you are interested in. However, a quick review of two of the most popular policies offered by both companies has Mutual of Omaha coming out on top.
Term Life Insurance
Term life insurance is considered the most affordable life insurance on the market. Comparing a quote for a $100,000, 20-year policy for a 30-year-old female found that Mutual of Omaha offered a far lower monthly premium.
Sample Gerber Life vs. Mutual of Omaha Average Monthly Life Insurance Rates for a $100,000, 20-year policy for 30-Year-Old Woman| Gerber Life Average Monthly Rates | Mutual of Omaha Average Monthly Rates |
|---|---|
| $18.75 | $11.22 |
Children’s Life Insurance
Gerber Life is undoubtedly known for its life insurance policies specifically designed for children and teens.
However, in a head-to-head, comparing a policy for an infant, Mutual of Omaha again comes out with significantly lower rates.
Gerber Life vs. Mutual of Omaha Average Monthly Rates for $25,000 Whole Life Insurance Policy| Gerber Life Average Monthly Rates | Mutual of Omaha Average Monthly Rates |
|---|---|
| $15.70 | $10.02 |
Based on these quotes, Mutual of Omaha offers more affordable life insurance rates than Gerber Life for term and children’s policies.
Gerber Life vs. Mutual of Omaha: Who offers better life insurance policies?
Gerber Life
Gerber Life offers life insurance policies for all ages, and while they have term life insurance options, the majority of their products are permanent life insurance policies.
Currently, they offer five permanent policies:
- Gerber Grow-Up Plan
- Young Adult Plan
- Adult Plan
- Accident Protection Insurance
- Guaranteed Plan for Seniors
They also offer term life insurance terms from 10 to 30 years and coverage up to $300,000.
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Mutual of Omaha
Mutual of Omaha also offers both term and permanent policies. They currently offer three types of permanent policies:
- Guaranteed Whole Life Insurance for Seniors
- Indexed Universal Life Insurance
- Accidental Death Insurance
While Mutual of Omaha does offer fewer permanent products, they do offer the same type of policies Gerber Life does. Also, Mutual of Omaha offers three unique indexed universal life insurance policies:
- Life Protection Advantage™
- Income Advantage™
- AccumUL Answers
Mutual of Omaha also offers term life insurance with terms from 10 to 30 years and offering coverage in excess of $100,000.
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What other life insurance services are offered?
Gerber Life
Gerber life offers a savings plan designed to help parents or guardians prepare to send their children to college, called the Gerber Life College Plan.
This plan can reach up to $150,000, and unlike IRA or 529s, it can be used for college or other expenses.
Mutual of Omaha
Mutual of Omaha offers many non-life insurance products, including medicare solutions, annuities, and more.
Here’s a full list of everything they offer:
- Medicare supplement insurance
- Prescription drug plan
- Dental Insurance
- Annuities
- Investments
- Mortgages
- Reverse Mortgages
- Long-term care insurance
- Critical Illness Insurance
- Disability income insurance
- Cancer, heart attack & stroke insurance
As you can see, Mutual of Omaha offers many more services than Gerber Life.
If you want to do a lot of your financial business, all with one company, Mutual of Omaha can handle multiple accounts all under one umbrella.
Gerber Life vs. Mutual of Omaha: Which company is right for me?
If price is your main concern, Mutual of Omaha has quoted two policies considerably lower than Gerber Life.
However, it should be remembered that whole life insurance policies are considerably more complex than term life policies and life insurance policies for children.
Therefore, if you are looking for a permanent policy, it is worth your time to get a quote from both companies to ensure that you are getting the most affordable option.
If you are looking for a company that can handle not only your life insurance but also your annuities, medicare supplement insurance, and more, Mutual of Omaha is your best bet.
The ability to use your Mutual of Omaha login to look at your life insurance, long-term care insurance, and mortgage can be very convenient.
However, if you want to use multiple companies for your financial business, Gerber Life does offer a solid college savings account. This account is flexible and changes with your child’s needs.
Gerber Life currently holds a better complaint index score between the two companies. This suggests slightly higher customer satisfaction with Gerber Life, at least over the past year.
At the end of the day, Mutual of Omaha is a more affordable option between the two companies and offers more services all under one roof.
Ready to buy life insurance and compare more than just Gerber Life vs. Mutual of Omaha? Enter your ZIP code below, and we will help you find more affordable life insurance providers near you.
Read more:
- Gerber Life vs. Prosperity Life: Top Life Insurance
- Gerber Life vs. Royal Neighbors: Top Life Insurance
- Top Life Insurance Company That Price Compares
Your one-stop online guide for life insurance quotes. Get free quotes now!
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Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...
Farmers CSR for 4 Years
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.