Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Aug 23, 2021

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The Facts of Life

  • Mutual of Omaha offers more affordable rates to men of various ages than American Amicable Life Insurance
  • Mutual of Omaha insurance rates for women are also cheaper than American Amicable

Part of what makes comparing life insurance companies difficult is the sheer number of options on the market. To simplify matters, we will be focusing on American Amicable vs. Mutual of Omaha life insurance today.

Our Mutual of Omaha and American Amicable life insurance review will cover the term life insurance rates offered to men and women of various ages. Also reviewed will be the ratings provided by A.M. Best and the BBB.

Before we dive into our American Amicable vs. Mutual of Omaha life insurance company comparison, type your ZIP code into our free and helpful tool above to find the most affordable life insurance quotes in your area.

American Amicable vs. Mutual of Omaha: Which company offers more affordable life insurance rates to men?

The simplest place to start when comparing two companies is offered pricing. Let’s take a look at a table that compares American Amicable vs. Mutual of Omaha term life insurance rates for men on a monthly basis.

American Amicable vs. Others: Male Rates
CompanyAge 30 Sample Monthly RatesAge 40 Sample Monthly RatesAge 50 Sample Monthly RatesAge 60 Sample Monthly Rates
American Amicable$20.48$27.68$51.08$128.93
Foresters$21.00$31.50$79.19$223.56
John Hancock$14.09$16.96$28.41$68.14
Liberty Mutual$33.75$55.13$144.68$399.83
Lincoln$12.34$15.22$30.96$71.95
MassMutual$13.28$16.98$35.03$82.65
Mutual of Omaha$13.33$19.35$33.33$80.84
Nationwide$16.02$21.36$53.85$180.23
North American$12.98$16.50$31.90$77.44
Securian Financial$8.81$11.04$22.17N/A
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How easy is it to find affordable American Amicable vs. Mutual of Omaha life insurance quotes? As you can see, Mutual of Omaha is over $7 cheaper per month for men in their 30s.

Is Mutual of Omaha also cheaper than American Amicable for men in their 40s? Yes, this time by over $8 per month.

Men in their 50s will be paying nearly $18 more per month with American Amicable. Lastly, for men in their 60s, Mutual of Omaha is $48 cheaper per month for a term life insurance policy.

In short, our American Amicable vs. Mutual of Omaha life insurance review has shown us that the latter company offers more affordable rates to men.

Term Life Insurance Policy Specifications

In case you are still considering getting coverage from American Amicable, let’s take a closer look at American Amicable’s Term Made Simple coverage. This policy does not require a medical exam for approval.

American Amicable Term Made Simple
American Amicable Term Made Simple
A.M. Best Rating:A = (Excellent)
Issue Ages:18 - 75
Coverage Options:Term Life Insurance
Death Benefit Amounts:Ages 18 - 75: $50,000 - $400,000
Health Classes:Preferred & Standard
Application Type:Paper
Telephone Interview:Yes
Exam Potential:None
Underwriting:Telephone Interview, MIB, MVR, Prescription
Fastest Approval Time:3 - 14 Days
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It is very much worth being aware of your specific needs prior to choosing not only a company, but a company’s specific coverage form. No two companies offer the exact same product line.

Now that we have some more details about American Amicable’s coverage, let’s see if it can hold its lead in the next section, when we analyze the rates offered to women of various ages.

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Which company offers more affordable rates to women?

Let’s now take a look at a table comparing American Amicable vs. Mutual of Omaha monthly term life insurance rates for women.

American Amicable vs. Others: Female Rates
CompanyAge 30 Sample Monthly RatesAge 40 Sample Monthly RatesAge 50 Sample Monthly RatesAge 60 Sample Monthly Rates
American Amicable$16.88$22.50$37.80$88.88
Foresters $18.81$27.13$57.75X
John Hancock$12.39$14.86$23.86$50.94
Liberty Mutual$25.20$42.53$107.78$250.65
Lincoln$16.10$21.22$37.41$74.81
MassMutual$11.98$15.23$29.15$58.73
Mutual of Omaha$11.61$16.56$27.31$57.19
Nationwide$16.02$21.36$53.85$180.23
North American$11.66$14.96$26.62$54.34
Securian Financial$8.21$9.83$17.31N/A
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Is Mutual of Omaha also more expensive for women of various ages? Women in their 30s will be paying over $5 more per month with American Amicable.

Women in their 40s will pay nearly $6 more per month with American Amicable while women in their 50s will be paying $10 more.

How about women in their 60s? These women will be paying over $31 less per month with Mutual of Omaha insurance.

In short, Mutual of Omaha offers more affordable term life insurance across the board. Let’s wrap up with Mutual of Omaha and American Amicable ratings.

Free Life Insurance Comparison

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American Amicable vs. Mutual of Omaha: Which company is more well-reviewed?

Let’s look at the ratings given to these two companies by A.M. Best. These Financial Strength Ratings (FSR) give potential insured confidence in an insurer’s ability to meet its financial obligations.

Let’s take a look at a table that compares the ratings given to major life insurance companies by A.M. Best.

A.M. Best ratings
Life Insurance CompanyA.M. Best Rating
Accordia LifeA-
AIGA
American AmicableA-
ANICOA
AssurityA-
Banner LifeA+
Cincinnati LifeA
FidelityA-
ForestersA
Gerber LifeA
John HancockA+
Lincoln FinancialA+
MetLifeA+
Midland NationalA+
Minnesota LifeA+
Mutual of OmahaA+
NationwideA+
North American CoA+
Pacific LifeA+
PrincipalA+
ProtectiveA+
PrudentialA+
SagicorA-
SBLIA+
SymetraA
TransamericaA+
VOYAA
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American Amicable received a rating of “A-” (Excellent), which is the second-highest rating tier.

What rating did A.M. Best give to Mutual of Omaha? Mutual of Omaha received a rating one tier higher of “A+” (Superior).

The Better Business Bureau is another organization that can provide security in one’s choice of insurance provider.

American Amicable received the Better Business Bureau’s highest possible rating of “A+.” Furthermore, American Amicable holds BBB accreditation.

How did Mutual of Omaha’s BBB review fare in comparison? Not only did Mutual of Omaha receive the same rating, but BBB accreditation as well.

In conclusion, Mutual of Omaha offers more affordable rates and also holds a higher A.M. Best rating.

We hope you’ve learned all you needed to decide whether to buy American Amicable vs. Mutual of Omaha life insurance. Type your ZIP code into our free and helpful tool below to find affordable quotes in your area.