Mutual of Omaha Insurance Company vs Lincoln Financial (The Lincoln National 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
Lincoln Financial (The Lincoln National Life Insurance Company)
Founded: 1905
Radnor, Pennsylvania
Assets
$321 billion in end-of-period account balances
IUL Experience
20+ years
Products
6
Avg Cap Rate
10.00%
Key Strengths
NEW Elite Indexed Universal Life Portfolio (2025)
New Multiplier Riders for enhanced performance
Dual IUL designs for different optimization approaches
120-year-old company
Serves 17 million customers
Detailed Feature Comparison
| Feature | Mutual of Omaha Insurance Company | Lincoln Financial (The Lincoln National Life Insurance Company) |
|---|---|---|
| Founded | 1909 | 1905 |
| Headquarters | Omaha, Nebraska | Radnor, Pennsylvania |
| Assets Under Management | $42 billion (Fortune 500) | $321 billion in end-of-period account balances |
| Years in IUL Business | 15+ years | 20+ years |
| Number of IUL Products | 3 | 6 |
| Typical Cap Rate Range | 7% - 12% | 9.50% - 10.50% |
| Participation Rates | 100% | 105% |
| 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 | 2-4 weeks standard |