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: May 19, 2021

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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 life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from top 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.

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The Facts of Life

  • Mutual of Omaha is a mutual company, and Oxford Life is a private company.
  • Oxford Life doesn’t have easily obtainable financial ratings or public life insurance quotes.
  • Both companies have an online presence, but Mutual of Omaha is stronger overall.

Comparing Mutual of Omaha vs. Oxford Life insurance companies is like comparing apples from a supermarket to apples from a local farm. Both companies provide reliable coverage but there are some small differences.

Are you looking for Mutual of Omaha vs. Oxford Life insurance quotes? We’re here to help. However, there are certain limitations on those who purchase Mutual of Omaha and Oxford products, such as whole life insurance.

This quick guide explores Mutual of Omaha vs. Oxford Life insurance rates, life insurance products, and third-party ratings.

Read on to learn more about how to find affordable Mutual of Omaha vs. Oxford Life insurance. Enter your ZIP code in the free online quote tool above to compare multiple life insurance companies in your area.

What are Mutual of Omaha and Oxford Life’s life insurance products?

Every good life insurance company has several life insurance products in its arsenal of services. But which company is right for you? Let’s compare Mutual of Omaha vs. Oxford Life insurance.

Mutual of Omaha vs. Oxford Life Insurance Products
Types of PoliciesMutual of Omaha AvailabilityOxford Life Availability
Term Life 
Whole Life 
Universal Life 
Final Expense 
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As you can see, Mutual of Omaha offers four types of life insurance policies, while Oxford Life Insurance Company is limited to just two.

Oxford Life focuses on annuities, whole life insurance (called Prosperity Select), final expense burial insurance (Oxford Assurance and Assurance One), and health insurance supplements.

Meanwhile, Mutual of Omaha provides a number of life insurance products, as well as Mutual of Omaha Medicare supplement insurance, annuities, and even mortgage services.

Which life insurance company has more riders?

Both companies offer life insurance riders you can add to expand your coverage. Mutual of Omaha has the accelerated death benefit and child life insurance riders.

Oxford Life has accelerated benefit riders, such as:

  • Chronic illness rider
  • Terminal illness rider
  • Nursing home rider

Mutual of Omaha life insurance appears to have more riders, but consider your personal needs and which company might best be able to fulfill them.

What about costs? Read on to learn more.

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Mutual of Omaha vs. Oxford Life: What are their insurance rates?

Although it is a private life insurance company, we found sample rates for Oxford Life’s final expense burial insurance program for 50-80-year-old policyholders.

Let’s look at how much life insurance costs for men and women with Oxford Life’s final expense life insurance.

Oxford Life Insurance Rates w/ $30K Final Expense Burial Insurance Limit
Age of PolicyholderOxford Monthly Final Expense Life Insurance Rates (Females w/ $30,000 Limit)Oxford Monthly Final Expense Life Insurance Rates (Males w/ $30,000 Limit)
50-Year-Old$57$68
60-Year-Old$92$115
70-Year-Old$151$200
80-Year-Old$305$403
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Rates for Oxford Life’s final expense insurance are about average for females, but male policyholders receive higher rates. Age is also a factor — the cost of life insurance increases as you get older.

But does that happen with Mutual of Omaha term life insurance? Let’s compare rates for a 20-year term with a $250,000 death benefit.

Mutual of Omaha Monthly 20-Year Term Life Insurance Rates with $250K Death Benefit
Age of PolicyholdersMutual of Omaha Monthly 20-Year Term Life Insurance Rates (Males w/ $250K Limit)Mutual of Omaha Monthly 20-Year Term Life Insurance Rates (Females w/ $250K Limit)
25$13$12
30$14$12
35$15$14
40$21$18
45$31$25
50$46$36
55$72$55
60$135$102
65$267$172
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Mutual of Omaha has cheaper life insurance options with term life insurance. Also, Mutual of Omaha provides coverage for customers as young as 18.

Of course, there’s more to consider than just your monthly premium. Continue reading to learn more about Oxford Life and Mutual of Omaha reviews.

Mutual of Omaha vs. Oxford Life: Which life insurance company has better ratings?

Before you buy Mutual of Omaha or Oxford life insurance, it’s a good idea to look at the financial strength and customer satisfaction ratings of each company.

Learning about insurance company ratings can raise your confidence before you purchase a policy. So how well do Mutual of Omaha and Oxford Life perform? Let’s compare their ratings.

Mutual of Omaha vs. Oxford Life: Financial Strength, Credit, & Customer Review Ratings
Rating AgenciesMutual of Omaha RatingsOxford Life Ratings
A.M. Best Rating A+A-
S&P Rating A+
Moody's Rating A1
Fitch Rating 
Comdex Rating 90
BBB Rating A+Not Accredited
NAIC complaint Index 0.650.69
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Mutual of Omaha has better ratings than Oxford Life across the board.

Mutual of Omaha also ranks fifth in the J.D. Power 2020 Life Insurance Study.

How do you file a life insurance claim at Mutual of Omaha and Oxford Life?

The best way to file a claim is to contact Mutual of Omaha or Oxford Life Insurance Company customer service. Here are the toll-free numbers of both companies:

  • Mutual of Omaha phone number: 800-228-7104
  • Oxford Life Insurance Company phone number: 866-641-9999

Mutual of Omaha and Oxford Life both have an online presence, so you may be able to get some of the claims forms through their websites or over email.

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Mutual of Omaha vs. Oxford Life Insurance: What’s the bottom line?

Oxford Life is good for customers who specifically need annuity, retirement, or final expense life insurance. However, Mutual of Omaha is a one-stop shop for all your life insurance needs.

Under the right circumstances, you can save hundreds on life insurance through Mutual of Omaha. Oxford targets a particular age group, which makes it more expensive.

Now that you’ve compared whether to buy Mutual of Omaha vs. Oxford Life insurance, you’re ready to see what your local insurance companies have to offer. Enter your ZIP code in the tool below to start comparing free life insurance quotes.