How to name beneficiaries and fund a trust at Mutual of Omaha
Covers 15 insurance accounts — beneficiaries can be managed online
Customer Service
Phone800-775-6000
Fax402-997-1984
Mailing Address
Mutual of Omaha, 3300 Mutual of Omaha Plaza, Omaha, NE 68175
Individual Policy Service & Beneficiary Changes
Employer-Sponsored Group Life Policies
Individual Annuities
Claims Department
Phone888-493-6902
Fax402-997-1984
Mailing Address
Mutual of Omaha, 3300 Mutual of Omaha Plaza, Omaha, NE 68175
Individual Policy Service & Beneficiary Changes
Employer-Sponsored Group Life Policies
WebsiteLearn more→
Claims Department
Phone888-493-6902
Fax402-997-1984
Mailing Address
Mutual of Omaha Insurance Company, Claims Department, 3300 Mutual of Omaha Plaza, Omaha, NE 68175
WebsiteNotify online→
Verified May 2026
Beneficiary designations are the foundation of estate planning for Mutual of Omaha policies. Unlike bank accounts, insurance products cannot be retitled into a trust. Instead, the beneficiary designation itself determines who receives the proceeds and how quickly they're paid. Naming a trust as beneficiary is an option when more control over distributions is needed.
With 15 product types, Mutual of Omaha offers a range of transfer options. Some policies support beneficiary designations, others can be retitled into a trust, and some require probate if no beneficiary is designated. The sections below break down each step.
Term Life ExpressTerm Life AnswersLiving Promise Whole Life InsuranceAccumUL Answers Universal LifeLife Protection Advantage IULIncome Advantage IULIndexed Universal Life ExpressChildren's Whole Life InsuranceUltra Premier Fixed AnnuityUltra Advantage Fixed Index AnnuityUltra Income AnnuityMutualCare Custom SolutionMutualCare Secure SolutionMedicare Supplement InsuranceCritical Advantage
1
Log in to your Mutual of Omaha account at mutualofomaha.com
2
Navigate to your policy details and select the beneficiary management option
3
Designate beneficiaries:
- Add or update primary beneficiaries with full legal names, dates of birth, relationships, and percentage allocations totaling 100%
- Optionally add contingent beneficiaries with their own percentage allocations totaling 100%
- For trusts: select trust as beneficiary type and provide the full trust name, date established, and trust EIN
4
Review and confirm your beneficiary designations
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Trusts can be named as beneficiaries on life insurance and annuity policies
- Primary and contingent beneficiaries allowed with percentage allocations totaling 100%
- Per stirpes designations are available
- If an irrevocable beneficiary was previously named, their written consent is required for any change
- The form must be signed by the person who has the right to change the beneficiary under the policy terms
- Beneficiary designations override instructions in a will
- Changing a beneficiary does not change the ownership of the policy
Customer Service
Phone800-775-6000
Fax402-997-1984
Mailing Address
Mutual of Omaha, 3300 Mutual of Omaha Plaza, Omaha, NE 68175
Individual Policy Service & Beneficiary Changes
Employer-Sponsored Group Life Policies
Individual Annuities
Claims Department
Phone888-493-6902
Fax402-997-1984
Mailing Address
Mutual of Omaha, 3300 Mutual of Omaha Plaza, Omaha, NE 68175
Individual Policy Service & Beneficiary Changes
Employer-Sponsored Group Life Policies
WebsiteLearn more→
Claims Department
Phone888-493-6902
Fax402-997-1984
Mailing Address
Mutual of Omaha Insurance Company, Claims Department, 3300 Mutual of Omaha Plaza, Omaha, NE 68175
WebsiteNotify online→
Verified May 2026
Estate planning articles
Learn how to protect your Mutual of Omaha accounts and other assets with trusts, beneficiary designations, and estate planning documents.
