Mutual of Omaha Insurance Company vs American General Life Insurance (Corebridge Financial)
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
American General Life Insurance (Corebridge Financial)
Founded: 1926
Houston, Texas
Assets
$393 billion (Corebridge consolidated)
IUL Experience
15+ years
Products
3
Avg Cap Rate
9.5%
Key Strengths
4.4 million policyholders, $393B assets
18 duration options (most flexible in industry)
AU+ accelerated underwriting (60%+ qualify, some approved in 24 hours)
Strong high-risk underwriting history
Multiple index crediting with safeguards
Detailed Feature Comparison
| Feature | Mutual of Omaha Insurance Company | American General Life Insurance (Corebridge Financial) |
|---|---|---|
| Founded | 1909 | 1926 |
| Headquarters | Omaha, Nebraska | Houston, Texas |
| Assets Under Management | $42 billion (Fortune 500) | $393 billion (Corebridge consolidated) |
| Years in IUL Business | 15+ years | 15+ years |
| Number of IUL Products | 3 | 3 |
| Typical Cap Rate Range | 7% - 12% | 8% - 11% |
| Participation Rates | 100% | 115% |
| Minimum Premium | $100,000 (IUL Express Easy Solve option) | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-3 weeks standard | 24 hours to 4 weeks (60%+ qualify for accelerated) |