Physicians Mutual Insurance Review & Complaints: Life and Health Insurance

Physicians Mutual Insurance provides life insurance, medical, and dental insurance policies. Physicians Mutual Insurance ratings are A+ rating with the Better Business Bureau and A with A.M. Best, but our Physicians Mutual Insurance review finds that they may not be the best company if you're looking for straightforward life insurance policies or riders. Physicians Mutual insurance rates can be around $53.33/ month.

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Eric Stauffer is a former insurance agent and banker turned consumer advocate. His priority is to help educate individuals and families about the different types of insurance they need, and assist them in finding the best place to get it.

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Dec 14, 2020

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The Highlights

  • Physicians Mutual Insurance offers health, accident, life insurance, dental insurance, and more.
  • Insurance rates can vary based on age, health, and more.
  • Physicians Mutual Insurance received an “A” financial rating from AM Best.

What is Physicians Mutual Insurance? Founded as an insurance company for medical professionals, Physicians Mutual Insurance now offers coverage, including life insurance, to everyone. Today, their focus is on health, accident, life insurance, and assistance with planning for the future.

The Physicians Mutual Insurance review below will cover Physicians Mutual insurance rates, how to get a Physicians Mutual life insurance quote, and more. The information provided will help you find affordable Physicians Mutual Insurance life insurance.

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What Products Does Physicians Mutual Insurance Offer?

Physicians Mutual focuses on products that provide coverage for health, accidents, as well as future planning.

Does the Company Offer Life Insurance?

There are several basic Physicians Mutual Insurance life insurance options for those who need quick coverage, and those with slightly more complex needs.

Their term life insurance comes in two levels with different coverage amounts – a final expenses policy for up to $50,000 and a High Benefit Term Life policy that is available for up to $10,000,000. These policies offer various term lengths and level premiums.

Like the term options, Physicians Mutual offers two levels of whole life insurance. Guaranteed Whole Life is designed for final expenses planning with a benefit of up to $10,000. High Benefit Whole Life offers coverage amounts up to $2,000,000.

Physicians Mutual also offers Juvenile Whole Life policies that can be taken out on a minor to provide them with coverage later in life. For information on dental insurance and Physicians dental insurance reviews, read on.

Does the Company Medical & Dental Insurance?

Physicians Mutual offers a variety of medical and dental insurance plans designed to supplement a core basic care health insurance policy, with a variety of plans to meet specific needs or medical conditions. For those who need added protection beyond the basic health care of their health insurance plan, there are the following options:

  • Medicare Supplement plans to cover costs not paid for by Medicare
  • Smart Choice Accident Insurance to cover the costs of an accidental injury of the covered person.
  • Hospital, Medical, Surgical Treatment Insurance which covers costs of major services that fall outside basic health insurance coverage
  • Cancer Insurance, to cover medical costs associated with cancer

Physicians Mutual dental insurance plans are also available to cover routine and emergency costs of dental care outside of basic care. Physicians Mutual Insurance dental insurance plans are not reviewed often and Physicians Mutual dental reviews are harder to find than Physicians life insurance reviews.

All this being said, there are some Physicians Mutual Insurance dental reviews and Physicians Mutual dental insurance ratings out there. The Physicians Mutual dental reviews that are out there seem to be pretty good.

What Additional Products Does the Company Offer?

Below, we’ve provided information on other products, which will help you buy the best Physicians Mutual Insurance life insurance plan.

Funeral Pre-Planning

Physicians Mutual offers pre-paid funeral coverage that allows policyholders to pay for their funeral coverage ahead of time. This operates like a life insurance policy, but it is held by the funeral home for the specific purpose of paying off funeral bills.

Annuities

Physicians Mutual offers both deferred and immediate annuities to provide long-term income for retirement. These policies are a tax-deferred investment option.

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Are Physicians Mutual Insurance rates affordable?

Physicians Mutual offers a $1,000,000 term life policy with a 20-year term for $53.33/ month, based on a healthy 30-year-old non-smoking male living in California. That puts the company’s rates a little on the higher side compared to competitors, a few dollars above average.

These Physicians Mutual Insurance life insurance rates are for the company’s High Benefit Term Life, which offers higher death benefits based on requiring some medical information. We were unable to obtain Physicians Mutual Insurance life insurance quotes for the lower-benefit term policy that is available without any medical questions. It is likely that the cost per thousand dollars of insurance is higher with the no-exam or no medical questions type of policy.

Previous rate tests for this company have received quotes for the no medical exam policy at a lower benefit amount and shown the rates to be incredibly high. It appears that things have changed for the better with this company in terms of pricing, particularly with their high benefit policies.

What does Physicians Mutual dental insurance cost?

With Physicians Mutual Dental plans, you can get real dental insurance within your budget so that you can maintain a healthy smile with proper dental care. More than 300 treatments are covered: preventive care (exams, x-rays, etc.), basic Physicians Medical dental care, and major (more complex dental procedures like tooth extraction, root canals, root planing, dental implants, etc.). What’s more, with Physicians Mutual dental insurance plans you don’t have to worry about a deductible for dental care.

List of Physicians Mutual Dental Cost
TreatmentBasicMidAdvanced
Routine Exam$34$39$44
Cleaning$49$60$71
Problem-Focused Exam$19$25$32
X-Rays (periapical, first)$8$11$14
X-Rays (periapical, additional)$6$9$11
Root Canal$204$279$340
Crown$302$401$501
Pin/Core/Post$46$62$78
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How does Physicians Mutual handle claims?

Physicians Mutual accepts claims by mail or by phone, although the phone line is only available Monday through Friday during business hours. The company requests that long-term care, home health care, and accidental death claims be filed over the phone. You can also request a Physicians life insurance company death claim form.

Claim forms are available for download from the company’s website. Customers have to print the claim form to fill it out and return by mail. For those who don’t want to deal with a claim form, claims can be filed over the phone during business hours without the need to print the claim form. There is a 24-hour line available to check on claims status, which seems incongruous with the lack of a 24-hour line for reporting claims in the first place.

Beyond the contact info and a few basics, there is not a complete description available on the company’s claims process or what to expect. That’s not terribly unusual for a life insurance company, since claims are sensitive in nature and differ greatly from auto or home claims.

For information on Physicians Mutual life insurance reviews, Physicians Mutual dental complaints, Physicians Mutual dental insurance customer reviews, and more, read on.

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Are there any Physicians Mutual life insurance complaints?

PhysiciansLife insurance company reviews can be found on several websites. Physicians Mutual has been BBB accredited since 1940, and currently has an A+ rating. There are a total of 67 Physicians Mutual Insurance complaints with the BBB in the past three years, 22 of which were closed in the past 12 months. While we often see life insurance companies with very few complaints, this number isn’t out of line for a company of this size.

There are a few Physicians Mutual reviews and Physicians Mutual complaints out there, but they are few and far between. While some may be legitimate, some reflect a lack of understanding of how insurance policy contracts work. Overall, there are too few complaints and not enough substance in those complaints to be of any real concern. The same is true for Physicians Mutual dental insurance complaints.

While there are some reviews for specific Physicians Mutual products, they are rare. It can be hard to find Physicians Mutual supplemental insurance reviews, Physicians Mutual health insurance reviews, Physicians Mutual dental plan reviews, and Physicians Mutual dental insurance customer reviews.

In addition to Physicians Mutual Insurance reviews, or Physicians Mutual Insurance company reviews, it is important to be aware of Physicians Mutual Insurance’s financial ratings, which can be read about below.

What is Physicians Mutual Insurance Financial Strength?

Physicians Mutual’s ratings from top financial rating companies are quite good as can be seen in the chart below.

Rating Company Grade Financial Outlook
AM Best A Stable
Fitch N/A N/A
S&P N/A N/A

To learn about the history of Physicians Mutual Insurance, read on.

What is the history of Physicians Mutual Insurance?

Physicians Mutual was founded in 1902 in Omaha, Nebraska. The company opened its doors to the general public, and they founded the Physicians Mutual Life Insurance Company, expanding into the life insurance market. In 2012 they expanded further, adding funeral pre-planning to their lineup.

Physicians Mutual sells its products through career agents, with more than 850 such agents across the country. However, not all of their products are available in all states. Today the product lineup includes annuities, dental insurance, supplemental healthcare coverage, accident insurance, and several types of life insurance.

The Physicians Mutual Insurance address is P.O. Box 3313 Omaha, NE 68103-0313. The Physicians Mutual phone number is 800-228-9100. Your Physicians Mutual Insurance company provider phone number will be different.

For those looking to work with the company, the Physicians Mutual agent salary is competitive, and there is an easy to use Physicians Mutual provider login.

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Physician’s Mutual Insurance: The Bottom Line

So, is Physicians Mutual a good insurance company? Physicians Mutual offers some basic insurance options, with easy to obtain choices for both term and whole life insurance. Their rates come in just above average, and they seem to have a pretty good reputation to make paying a little extra worth it.

If you’re looking for insurance with a lot of options and flexibility, this might not be the company for you – they don’t offer universal life or a lot of riders on their policies. If you’re looking for straightforward life insurance, or for supplemental health insurance, Physicians Mutual is worth keeping on the comparison list. That said, most people who are healthy and don’t need quick-issue life are likely to get a better price elsewhere.

Now that you’ve completed our Physicians Mutual Insurance review, it’s time to compare rates. Enter your ZIP code below to get fast, free life insurance quotes.

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