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United of Omaha Health Insurance Company

A review of United of Omaha Health Insurance Company review leads to the United of Omaha Life Insurance Company. First created in 1909 under the name Mutual Benefit Health and Accident Association, United of Omaha Life Insurance (aka United of Omaha) its parent company has been in the industry for over a century. United of Omaha is a subsidiary of Mutual of Omaha, which together combined the best of health and life insurance in the 1920s.

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Offering a large amount of both individual and group products, United of Omaha has insurance for a variety of needs.

With two large companies offering a variety of insurance, the combined assets are $12,879,237,328, with a net surplus of $1,187,272,238 and capital of $9,000,000.

United of Omaha Company History

Created in 1909, the company had some challenges before it was officially incorporated. Needing 250 applications before it was licensed by the state, member receipts were issued until they became licensed. It took 10 months, but eventually policyholders were given a certificate of membership.

In the 1920s, United of Omaha and Mutual of Omaha combined their specialties in order to have a better all around company. During the Great Depression, Mutual of Omaha and United of Omaha expanded and took over several other companies. In 1939, the company was licensed in all 48 states and the two U.S. territories at that time.

In 1997, Mutual of Omaha launched its first website on the internet. In 2007, Mutual of Omaha created a holding company for banking operations. Omaha Financial Holdings Inc. opened Mutual of Omaha Bank with an additional 13 locations and seven hundred million in total assets acquired from the following community banks:

  • Nebraska State Bank, Omaha, Nebraska
  • Peak National Bank, Golden, Colorado
  • Security Federal Bank, Lincoln, Nebraska

United of Omaha Company Products and Services

Offering a wide range of products, United of Omaha focuses on both individual and group products. Their individual products include the following:

  • Life Insurance
  • Critical Illness Insurance
  • Disability Insurance
  • Medicare Supplement Insurance
  • Annuities
  • Long Term Care Insurance
  • Investments

As for their group insurance products and retirement solutions United of Omaha offers the following:

  • Employee Assistance Program
  • Group Annuities
  • Retirement Services
  • Life Insurance
  • Dental Insurance
  • Disability Insurance
  • DentaBenefits
  • Special Risk Insurance
  • Institutional Investments
  • TPA Stop Loss Insurance

With the group insurance products and retirement services also comes a flexible plan design, commitment from employees of United of Omaha and Mutual of Omaha and comprehensive product portfolios. Some of the benefits of these products are the following:

  • Support for management teams and HR teams
  • Help for employers who are trying to attract and keep great employees
  • Employers have an edge in achieving bottom line success
  • Helping to find ways for employers to keep benefit costs low
  • Protection for members from financial loss while also helping them to build a secure future
  • Education for plan members in order to make good use out of benefit dollars

United of Omaha Company Ratings

A.M. Best gave a rating of A+ to United of Omaha. A+ is considered “Superior” in comparison to other companies. Their financial strength outlook was also given a positive rating of “Stable,” which is also the best rating given by A.M. Best.

A.M. Best gave a long-term credit rating of “aa-” to United of Omaha. This is considered a positive rating meaning “Very Strong.” The outlook as far as credit rating was given a score of “Stable.” These ratings are recent with an effective date of November 22, 2010.

Even more ratings that are positive have been given for United of Omaha. Moody’s Investors Service gave them an “A1” rating, which is termed “Good.” Standard & Poor’s rating was “A+” which is considered “Strong.”

Another positive rating given to United of Omaha was by Better Business Bureau (BBB). BBB gave United of Omaha an “A+” rating, which is their highest rating offered. United of Omaha has been accredited by BBB since February of 1940.

United of Omaha Overall Results

With the best rating possible by BBB, positive ratings from A.M. Best, Moody’s Investors Service and Standard & Poor’s, United of Omaha is an excellent company to look at when researching health insurance rates.

To receive more information on United of Omaha and Mutual of Omaha Company’s health insurance rates type in your zip code and compare. By doing, this you can find the best company that meets both your financial needs and goals.


One Comment to “United of Omaha Health Insurance Company”

  1. Sue Harris says:

    “I need to retract on my last review. I finally found the number of the insurance company and they explained everything to me. So I am giving them a chance as the gentleman was very nice and knowledgeable. Just wanted to correct myself.

    thank you, Sue harris”


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