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.

Are you looking for free insurance quotes?

secured lock Secured with SHA-256 Encryption

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.

Full Bio →

Written by Eric Stauffer
Founder & Former Insurance Agent Eric Stauffer

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...

Full Bio →

Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years Leslie Kasperowicz

UPDATED: Jun 1, 2022

Advertiser Disclosure

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 companies please enter your ZIP code on this page 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 insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.

Financial Strength

The Highlights

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

What is Physicians Mutual Insurance?

Founded as an insurance company for medical professionals, Physicians Mutual Insurance now offers their services and coverage, including life insurance products, to any family. 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.

Ready to compare life insurance quotes before you learn more about Physicians Mutual Insurance? Enter your ZIP code above right now.

Are you looking for free insurance quotes?

Your one-stop online insurance guide. Get free quotes now!

secured lock Secured with SHA-256 Encryption

What products does Physicians Mutual Insurance offer?

This insurance provider has a wide scope of service and focuses on products that provide coverage for health, accidents, as well as future planning. The variety of coverage options they have are designed to help you and your family reduce the cost of basic care in conjunction with an existing insurance product. Their life insurance policies also help people from all walks of life with protecting their family from any out-of-pocket expense that arises when they pass away.

Does the company offer life insurance?

There are several basic from Physicians Mutual Insurance life insurance options for those who need quick coverage, and those who may have slightly more complex needs. Below, we will talk about popular plans.

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 another type of individual plan; they have Juvenile Whole Life policies that can be taken out on a minor to provide them with coverage later in life.

To get more coverage details, learn about any coverage waiting periods, or find out if you can get covered with a pre-existing condition, or even get a quote for your monthly premium, you should reach out to the company’s customer service. They can also help you connect with a local insurance agent, or provide answers to any type of question you may have.

For information on dental coverage and Physicians dental insurance reviews, read on.

Does the company medical and dental insurance?

Physicians Mutual offers a variety of medical and dental insurance plans; however, they are designed to supplement your existing health care insurance or dental insurance plan. If your health insurance policy or dental coverage offers basic service that isn’t enough, this company is dedicated to providing insurance for individuals that may struggle with their remaining out-of-pocket cost after their annual maximum has been met. If you have additional health needs or a medical condition that often leads to an additional cost that you need help covering,  this type of plan can help. Here are the available coverage options:

  • Medicare Supplement Insurance plans to cover costs not paid for by Medicare, a great added layer of insurance for seniors
  • 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. This can help you manage the additional cost of a major service or procedure that your health insurance policy won’t cover.
  • Cancer Insurance, to cover medical costs associated with the treatment of cancer

Physicians Mutual dental insurance plans are also available to cover routine and emergency costs of dental care outside of the basic care. This is a dental policy that goes beyond what your current options for dental insurance cover and can help you protect your oral health and your wallet.

Physicians Mutual Insurance dental insurance coverage is 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 insurance option does not have many, but the reviews that are out there seem to be pretty good.

Are you looking for free insurance quotes?

Your one-stop online insurance guide. Get free quotes now!

secured lock Secured with SHA-256 Encryption

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.


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

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. It’s important to understand that this is a supplemental plan and this company is not a standalone dental insurance provider.

More than 300 treatments are covered: preventive care (exams, x-rays, etc.), preventive service like cleanings, basic dental service (like simple tooth extraction), and major service (more complex dental procedures such as surgical tooth extraction, root canals, root planning, 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
Routine Exam$34$39$44
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
Get Your Rates Quote Now

Compare RatesStart Now →

Are you looking for free insurance quotes?

Your one-stop online insurance guide. Get free quotes now!

secured lock Secured with SHA-256 Encryption

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.

Are there any Physicians Mutual life insurance complaints?

Physicians Life 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’s 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

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

Are you looking for free insurance quotes?

Your one-stop online insurance guide. Get free quotes now!

secured lock Secured with SHA-256 Encryption

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.

What is 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.

Are you looking for free insurance quotes?

Your one-stop online insurance guide. Get free quotes now!

secured lock Secured with SHA-256 Encryption