Mutual of Omaha Insurance Company vs Symetra 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
Symetra Life Insurance Company
Founded: 1957
Bellevue, Washington
Assets
$58+ billion
IUL Experience
10+ years
Products
3
Avg Cap Rate
9.5%
Key Strengths
May 2023: higher caps, participation rates, bonuses; lower premiums
Fastest approvals: 18-25 minutes
Cancer Care Compass Rider (multi-cancer detection)
2% lookback guarantee (Accumulator)
GoodLife rewards for healthy lifestyle
Detailed Feature Comparison
| Feature | Mutual of Omaha Insurance Company | Symetra Life Insurance Company |
|---|---|---|
| Founded | 1909 | 1957 |
| Headquarters | Omaha, Nebraska | Bellevue, Washington |
| Assets Under Management | $42 billion (Fortune 500) | $58+ billion |
| Years in IUL Business | 15+ years | 10+ years |
| Number of IUL Products | 3 | 3 |
| Typical Cap Rate Range | 7% - 12% | 8% - 11% |
| Participation Rates | 100% | 140% |
| Minimum Premium | $100,000 (IUL Express Easy Solve option) | $3,600 annual |
| Issue Ages | 0-85 years | 20-85 (Accumulator/Protector); 20-60 (SwiftProtector) |
| Underwriting Speed | 2-3 weeks standard | SwiftProtector 18-25 minutes; SwiftTerm 18 minutes |