Mutual of Omaha offers customers the opportunity to customize disability insurance to suit their needs. The company offers non-cancelable policies that allow customers to lock in their premiums for as long as they renew their policies. High earners can get the protection they need with the company's policies. They offer maximum monthly benefits of up to $20,000. Additionally, the company offers a choice of elimination periods, which can be as short as 30 days. Among its stand-out policy benefits is a Waiver of Premium, which means you will not be required to pay premiums if you are disabled for more than 90 days. You can also purchase a variety of riders including Residual Disability, which pays a percentage of your total monthly benefit if you’re partially disabled. Other policy add-ons include coverage for disabling substance abuse problems and a cash-value option that allows you to build wealth while paying your premiums.

Mutual of Omaha policies are available for a wide range of terms from 6 months to 10 years. The company offers customers flexibility in choosing a maximum monthly benefit, ranging from $300 to $20,000 monthly. Mutual of Omaha offers many riders for its disability policies. Several built-in features, including survivor, recurring disability, waiver of premium, military suspension transplant donor benefits and coverage for rehabilitation, make the company's standard policies a good value. In addition, many riders are available to help customers plan for the unexpected, including a Catastrophic Disability option. Other riders are designed to further offset the cost of an injury or illness, including a cost-of-living allowance, a residual disability benefit that continues to cover you if you're able to return to work but you're earning less, and a cash-value benefit that works like whole life insurance by allowing you to build wealth as you pay premiums and access the cash you've paid into your policy.

Additional Optional Benefits

You can customize your policy with optional benefits to enhance or extend your benefits. There is an added cost for the following optional benefits:

- Extended Regular* Occupation: Extends your current occupation coverage for the length of the benefit period
- True Regular* Occupation: Extends your current occupation coverage for the length of the benefit period and allows you to receive full monthly benefits if you are unable to work in your occupation and currently working in a different occupation
- Residual Disability: Pays a percentage of your total monthly benefit if you’re partially disabled. Enhanced Residual Disability is also available to additionally provide a recovery benefit if you’re still experiencing a loss of income after you return to work full time.
- Return of Premium: Returns a portion (50 or 80%) of the premiums paid less claims paid every 10 years, up to $12,000 total maximum monthly benefit. This benefit is not allowed if AIB and/or FIO is selected.
- Cash Value Benefit:
Provides a percentage (15% in year six to 100% in year 25) of all premiums paid for the policy and riders, minus any benefits in claims, up to $12,000 total maximum monthly benefit. This benefit is not allowed if AIB and/or FIO is selected. Mental or Nervous and Substance Abuse Extension: Extends your mental or nervous disorders and substance abuse coverage for the length of the benefit period
- Catastrophic Disability Benefit: Pays an additional benefit amount if you have a catastrophic disability and you’re unable to perform at least two activities of daily living without substantial assistance from another person or require substantial supervision due to severe cognitive impairment
- Cost-of-Living Adjustment: Increases your benefit annually when you receive benefits
- Social Insurance Supplement: Lowers the premium since the benefit you receive is the amount of monthly income you purchase, less any benefits provided by Social Security.

Discounts

- Two-person household: Receive a 10% discount when both you and your partner are issued a Mutual Income Solutions policy
- Multi-policy: Receive a 10% discount if you’re issued an individual disability policy within 90 days of being issued an eligible fully underwritten life insurance or a long-term care insurance policy.
- Self-employed: 15% discount available to individuals with a minimum of two years self-employment

Mutual of Omaha is one of the oldest insurance companies in the United States. It has very strong financial ratings from the top three credit rating agencies.

Mutual of Omaha is accredited by the BBB, holding an A+ rating. Fewer than a handful of complaints have been lodged against the company through that organization, which is remarkable for a company of its size and longevity. The company's NAIC complaint ratio, is lower than the national average, at 0.1003, with 1.0 being the mean. Users on Trustpilot give the company a rather low rating of 2.1, but the rating is based on just a dozen or so reviews and most complaints have to do with mortgages, not insurance matters. Substantive reviews elsewhere about Mutual of Omaha's insurance products were mostly 5-star.