OM Financial Life Insurance Company: Customer Ratings & Reviews [2023]

Is Om Financial Life Insurance Company a Good Choice?

Company contact information:

• Website: omfinanciallifeinsurance.com
• Phone: 1-800-123-4567
• Email: [email protected]
• 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 Discounts Available

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.

Om Financial Life Insurance Company 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 vs. Competitors

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.

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