Life Insurance

The Types of Life Insurance From United of Omaha Life Insurance Company or Companion Life Insurance Company

United of Omaha divides life insurance policies into three main categories - whole life insurance, term life insurance and universal life insurance. Within each of these areas, we offer multiple products and variations. With this offering, you have options to find a type of life insurance that suits your individual needs and requirements.

Term Life Insurance

Term life insurance covers you for a specific period of time. We offer policies that range from 10 years of coverage to 30 years. If the policyholder passes away during that term, then death benefits are paid directly to the beneficiary. One of our agents can provide you with all the details. We offer three main types of term life insurance at United of Omaha:

Term Life Express

Term Life Express helps you and your family achieve peace of mind with a simplified application for life insurance. Term Life Express insurance policies feature, simplified underwriting and face amounts of up to $400,000.

Term Life Complete

After working hard to establish a home and lifestyle for your family, don’t you think it is time to protect it? Term Life Complete offers you protection for your family. With face amounts starting at $100,000, this policy helps provide funds to help protect your family and their financial future. See one of our agents for information about optional riders and features that may be available.

Term Life Answers

Featuring terms of 10, 15, 20 or 30 years, Term Life Answers is there for you at any stage of life. Whether it’s your first policy or additional coverage to enhance your portfolio, Term Life Answers features the flexibility to match your situation and unique personal needs.

Whole Life Insurance

Whole life insurance policies provide coverage until your death, and also feature a cash value component. The policy builds cash value the longer it is in effect - in turn, that cash value may be borrowed against and used for various expenditures throughout your life. We offer three whole life insurance options:

Whole Life Guaranteed

You can help protect your family’s financial future with up to $20,000 in coverage through the Whole Life Guaranteed insurance policy. This policy guarantees acceptance if you are between the ages of 45-85* years (in most states), and there is no medical exam required.

Whole Life Express

Similar to Whole Life Guaranteed, Whole Life Express cannot be canceled for any reason as long as your premiums are paid. Death benefits are paid directly to the person you choose, helping them pay outstanding medical bills, unexpected expenses and debts that have been left behind.

Children’s Whole Life

Children’s Whole Life Insurance enables you to purchase whole life insurance coverage for your child or grandchild (age 15 days to 25 years old). This coverage provides the option to purchase additional coverage in the future without additional underwriting. Once your child has this coverage, it cannot be canceled at any point as long as premiums are paid.

Universal Life Insurance

Universal life insurance features flexible-premiums, adjustable-benefits and cash value accumulation. Universal life insurance, like whole life insurance, is a permanent life insurance solution with no expiration.

AccumUL Plus

This policy might be right for those seeking a product which combines life insurance and cash accumulation. This policy can help you supplement retirement income, pay for college expense and more.

Guaranteed Universal Life Express

This universal life insurance policy features a simplified application process with no lengthy health inquiries. If you are seeking coverage quickly, this policy may be the right one for you.

Guaranteed Universal Life

This life insurance option helps your family to continue their daily lives and lifestyle. Featuring locked-in death benefits, Guaranteed Universal Life can help provide income protection for your family.

Guaranteed Universal Life Plus

Featuring larger face amounts and a cash accumulation feature, Guaranteed Universal Life Plus meets many needs. This policy offers competitive dump in and short pay premiums. It is also ideal for 1035 exchanges.

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