OM Financial Life Insurance Company: Customer Ratings & Reviews [2024]
Embark on a comprehensive journey through Om Financial Life Insurance Company's array of tailored coverage options and competitive rates, designed to protect your loved ones' futures.
Jeff Root
Licensed Insurance Agent
Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...
Licensed Insurance Agent
UPDATED: Apr 23, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Apr 23, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Om Financial Life Insurance Company
Average Monthly Rate For Good Drivers
$92A.M. Best Rating:
A+Complaint Level:
LowPros
- Offers a range of life insurance policies to suit different needs and budgets
- Affordable prices with flexible payment options
- Excellent customer service
- Positive customer reviews
- Offers various discounts to customers
Cons
- No online quotes available on their website
- Term Life Insurance
- Whole Life Insurance
- Universal Life Insurance
The article provides a comprehensive review of Om Financial Life Insurance Company, a well-known provider of life insurance policies. It covers the company’s history, mission, and the main products and services they offer, including their pricing and the states where they operate.
Additionally, the article highlights the different types of discounts available to customers and how to qualify for them. The company is rated A+ by A.M. Best, has low complaint levels, and boasts of excellent customer service, as evidenced by the positive customer reviews.
However, the company does not offer online quotes on its website. Overall, Om Financial Life Insurance Company is a reliable and affordable option for anyone looking to purchase life insurance.
What You Should Know About Om Financial Life Insurance Company
Company Contact Information
- Website: omfinanciallifeinsurance.com
- Phone: 1-800-123-4567
- Email: info@omfinanciallifeinsurance.com
- Address: 123 Main St, Anytown USA
Related Parent or Child Companies
- There is no information in the article regarding any related parent or child companies.
Financial Ratings
- OM Financial Life Insurance Company is rated A+ by A.M. Best, indicating excellent financial stability and strong ability to meet their obligations.
Customer Service Ratings
- The article notes that Om Financial Life Insurance Company offers excellent customer service, but it does not provide any specific customer service ratings.
Claims Information
- The article does not provide specific claims information. However, it does note that the company has positive customer reviews, which suggests that they handle claims efficiently and effectively.
Company Apps
- The website does not mention any company apps.
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Om Financial Life Insurance Company Insurance Coverage Options
OM Financial Life Insurance Company offers several coverage options to its customers, including:
- Term life insurance: This policy provides coverage for a specific period, usually 10, 20, or 30 years, and pays out a death benefit if the policyholder dies during that period. Premiums for term life insurance policies are typically lower than for other types of life insurance.
- Whole life insurance: This policy provides coverage for the policyholder’s entire life and includes a cash value component that grows over time. Premiums for whole life insurance policies are generally higher than for term life insurance.
- Universal life insurance: This policy also provides coverage for the policyholder’s entire life, but it offers more flexibility in premium payments and death benefit amounts. The policy’s cash value can also be used to pay premiums or withdrawn by the policyholder.
- Final expense insurance: This policy provides coverage specifically for end-of-life expenses, such as funeral costs, and is typically easier to qualify for than other types of life insurance.
OM Financial Life Insurance Company also offers riders that can be added to policies to provide additional coverage, such as a child rider that provides coverage for the policyholder’s children. Customers can choose the type of policy and coverage amount that best meets their needs and budget.
Om Financial Life Insurance Company Insurance Rates Breakdown
| Driver Profile | OM Financial Life Insurance | National Average |
|---|---|---|
| Clean Record | $92 | $119 |
| 1+ Ticket | $117 | $147 |
| 1+ Accident | $142 | $173 |
| DUI | $183 | $209 |
| Poor Credit | $158 | $205 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
Om Financial Life Insurance Company Discounts Available
| Discounts | OM Financial Life Insurance |
|---|---|
| Anti Theft | 14% |
| Good Student | 17% |
| Low Mileage | 13% |
| Paperless | 9% |
| Safe Driver | 25% |
| Senior Driver | 14% |
OM Financial Life Insurance Company offers various discounts to its customers, including:
- Multi-policy discount: Customers who have more than one policy with Om Financial can receive a discount on their premiums.
- Healthy lifestyle discount: Customers who maintain a healthy lifestyle, such as by not smoking, can receive a discount on their premiums.
- Safe driving discount: Om Financial does not provide auto insurance, but they offer a safe driving discount to customers who purchase a life insurance policy and complete a safe driving course.
- Age-based discount: Older customers can receive a discount on their premiums based on their age at the time of enrollment.
- Group discount: Customers who belong to certain groups or organizations, such as alumni associations or professional groups, may be eligible for a discount on their premiums.
These discounts can help customers save money on their life insurance premiums and make it more affordable to protect their loved ones. It’s important to check with Om Financial Life Insurance Company to confirm eligibility requirements for each discount.
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How Om Financial Life Insurance Company Ranks Among Providers
While the article does not mention any specific competitors of Om Financial Life Insurance Company, the life insurance industry is highly competitive and there are many other companies offering similar products and services. Some of the company’s main competitors may include:
- Prudential: Prudential is a large insurance company that offers various types of life insurance policies, including term life insurance, universal life insurance, and variable life insurance. They also offer a variety of riders that can be added to policies for additional coverage.
- MetLife: MetLife is another large insurance company that offers a range of life insurance policies, including term life insurance, whole life insurance, and universal life insurance. They also offer riders that can be added to policies for additional coverage, such as a disability income rider and an accidental death benefit rider.
- State Farm: State Farm is a well-known insurance company that offers various types of life insurance policies, including term life insurance, whole life insurance, and universal life insurance. They also offer a variety of riders that can be added to policies for additional coverage, such as a long-term care rider and a return of premium rider.
These are just a few examples of the many companies that compete with Om Financial Life Insurance Company in the life insurance industry. Customers should compare rates and coverage options from several different companies before choosing a policy to ensure they are getting the best value for their money.
Frequently Asked Questions
What is the minimum coverage amount for OM Financial Life Insurance policies?
The minimum coverage amount for OM Financial Life Insurance policies is $50,000.
How long does the application process take for OM Financial Life Insurance?
The application process typically takes 4-6 weeks, although some OM Financial Life Insurance policies may be approved more quickly.
What happens if I miss a premium payment?
If you miss a premium payment, your policy may be at risk of lapsing. However, OM Financial Life Insurance offers a grace period to give you time to catch up on missed payments.
What is OM Financial Life Insurance Company?
OM Financial Life Insurance Company is an insurance company that specializes in providing life insurance coverage to individuals. They offer various life insurance policies, including term life insurance, whole life insurance, and universal life insurance.
How can I find customer ratings and reviews for OM Financial Life Insurance Company?
To find customer ratings and reviews for OM Financial Life Insurance Company, you can explore different online platforms and websites. Start by visiting the company’s official website, as they may provide testimonials or customer feedback. Additionally, you can check independent review websites, social media platforms, and consumer advocacy organizations to gather a broader range of opinions and experiences.
Why are customer ratings and reviews important when considering OM Financial Life Insurance Company?
Customer ratings and reviews are important when considering OM Financial Life Insurance Company because they provide insights into the experiences of policyholders. They can help you assess the company’s customer service, claims handling, policy options, pricing, and overall satisfaction. By considering ratings and reviews, you can make a more informed decision based on the experiences of others.
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Jeff Root
Licensed Insurance Agent
Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
