Foresters Financial vs Mutual of Omaha Insurance Company
Comprehensive side-by-side comparison of indexed universal life insurance companies
Foresters Financial
Founded: 1874
Buffalo, NY (U.S.); Ontario, Canada
Assets
$2.6+ billion AUM; RBC Ratio: 451%
IUL Experience
10+ years
Products
2
Avg Cap Rate
8.5%
Key Strengths
150+ year history
Fraternal benefit society - member benefits include scholarships, grants, wellness programs
$31.2 million in social good impact (2023)
Diabetes coverage (non-med up to Table 12)
Backed by Sumitomo Life - $330B+ combined assets
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
Detailed Feature Comparison
| Feature | Foresters Financial | Mutual of Omaha Insurance Company |
|---|---|---|
| Founded | 1874 | 1909 |
| Headquarters | Buffalo, NY (U.S.); Ontario, Canada | Omaha, Nebraska |
| Assets Under Management | $2.6+ billion AUM; RBC Ratio: 451% | $42 billion (Fortune 500) |
| Years in IUL Business | 10+ years | 15+ years |
| Number of IUL Products | 2 | 3 |
| Typical Cap Rate Range | 7% - 10% | 7% - 12% |
| Participation Rates | 110% | 100% |
| Minimum Premium | $3,600 annual | $100,000 (IUL Express Easy Solve option) |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 3-4 weeks standard | 2-3 weeks standard |