Mutual of Omaha Insurance Company vs Securian Financial (Minnesota Life)
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
Securian Financial (Minnesota Life)
Founded: 1880
St. Paul, Minnesota
Assets
$5.5 billion+
IUL Experience
10+ years
Products
4
Avg Cap Rate
9%
Key Strengths
140+ year history
Eclipse Accumulator II with new Hindsight Account (60/40/0 split)
Low charges and transparency
Nearly $2B annuity sales (2023)
IPA Flex rider for customization
Detailed Feature Comparison
| Feature | Mutual of Omaha Insurance Company | Securian Financial (Minnesota Life) |
|---|---|---|
| Founded | 1909 | 1880 |
| Headquarters | Omaha, Nebraska | St. Paul, Minnesota |
| Assets Under Management | $42 billion (Fortune 500) | $5.5 billion+ |
| Years in IUL Business | 15+ years | 10+ years |
| Number of IUL Products | 3 | 4 |
| Typical Cap Rate Range | 7% - 12% | 8% - 10% |
| Participation Rates | 100% | 120% |
| 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 |