Mutual of Omaha Insurance Company vs Penn Mutual Life Insurance Company
Comprehensive side-by-side comparison of indexed universal life insurance companies
Mutual of Omaha Insurance Company
Founded: 1909
Omaha, Nebraska
Assets
$42 billion (Fortune 500)
IUL Experience
15+ years
Products
3
Avg Cap Rate
10%
Key Strengths
12% cap rates (among highest in industry)
Industry-leading policy structure for cash value growth
Streamlined fees during 0% floor years
Fortune 500 company
116+ years of history
Penn Mutual Life Insurance Company
Founded: 1847
Horsham, Pennsylvania
Assets
$39.3 billion
IUL Experience
20+ years
Products
2
Avg Cap Rate
10.5%
Key Strengths
175+ year history with mutual structure
Record $265 million dividends (2025 - highest in history)
Contractually locked 6% policy loan rate for life
Guaranteed 1% minimum interest growth
Paid dividends during Great Depression and Recession
Detailed Feature Comparison
| Feature | Mutual of Omaha Insurance Company | Penn Mutual Life Insurance Company |
|---|---|---|
| Founded | 1909 | 1847 |
| Headquarters | Omaha, Nebraska | Horsham, Pennsylvania |
| Assets Under Management | $42 billion (Fortune 500) | $39.3 billion |
| Years in IUL Business | 15+ years | 20+ years |
| Number of IUL Products | 3 | 2 |
| Typical Cap Rate Range | 7% - 12% | 9% - 13% |
| Participation Rates | 100% | 120% |
| Minimum Premium | $100,000 (IUL Express Easy Solve option) | $3,600 annual |
| Issue Ages | 0-85 years | 0-80 |
| Underwriting Speed | 2-3 weeks standard | 3-5 weeks standard |