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About Mutual of Omaha
Mutual of Omaha is a Fortune 500 mutual insurance company with over 115 years of experience serving American families. Known for their exceptional financial strength and customer service, they offer a range of annuity products designed for safety-conscious investors. As a mutual company, they are owned by their policyholders, aligning their interests with their customers.
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How we scored them
Income Options86/100
Financial Strength96/100
Fees & Costs87/100
Flexibility82/100
Customer Service94/100
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The tradeoffs
What works
- Superior AM Best A+ rating
- Over 115 years of financial stability
- Mutual company structure (policyholder-owned)
- Excellent customer service reputation
- Competitive MYGA rates
What to watch
- Fewer indexed annuity options than specialists
- Income rider payouts slightly below top competitors
- Limited online account management tools
- Smaller annuity product portfolio
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Best fit for these buyers
Safety-conscious investors prioritizing financial strength
Those who value a mutual company structure
Retirees seeking simple, guaranteed products
Ages 55-75 wanting principal protection
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Frequently asked questions
Is Mutual of Omaha a good annuity company?
Mutual of Omaha earns an average rating of 4.0/5 across the 15 products we've reviewed, and A.M. Best rates the carrier A+ for financial strength. We describe its financial position as "Superior" with $45+ Billion in total assets.
What is the surrender period for Mutual of Omaha annuities?
Surrender periods on Mutual of Omaha's current lineup run 3–10 years, depending on the product. Most products allow an annual free-withdrawal amount before charges apply — the product table above shows each product's surrender length, and each review covers the exact schedule.