The Benefits of Mutual of Omaha Burial Insurance in 2023
In the world of insurance, Mutual of Omaha Burial Insurance has always been a reputable brand.
One of America’s first life insurance and financial services companies, this business has roots that go back to 1909.
Their longevity and success are a result of their commitment to putting consumers first; they have more than 114 years of experience, excellent customer service, and affordable rates on high-quality goods and services.
There will be many more generations of Mutual of Omaha.
Even though you may have read numerous final cost insurance reviews, we hope you can benefit from our perspective on the Mutual of Omaha burial insurance review coverage.
If you meet the eligibility requirements, you will discover that Mutual of Omaha living promise is among the best options for burial insurance and/or final expense insurance currently available. If you are approved, there is no medical examination required and no waiting period of more than one year.
See what Mutual of Omaha has to offer by reading on.
Is Mutual of Omaha a Good Insurance Company
Let’s take you back in time before we analyse United of Omaha life insurance reviews.
In particular, if you are a senior and do not recognise the names United of Omaha Life, Mutual of Omaha Life, or final expense insurance, then you should be familiar with this.
If you watched TV in the 1960s, 1970s, & 1980s then you probably remember the American Documentary television program that featured wildlife and nature.
If you are wondering who was the host of Wild Kingdom it was Marlin Perkins. Marlin Perkins narrated the show until he retired in 1985.
He later died on June 14, 1986, at the age of 81.
So I hope this brought you, seniors, back to memory lane because I am sure this TV show was something that you watched with family, kids, and maybe grandkids.
Now that you are aware of who they are, let’s move on to discuss the main reason you are here.
Just How Good Is a Mutual of Omaha Insurance Policy?
Most people won’t even be close to being able to retire in 2022. In actuality, less than $10,000 has been set aside by Americans for their retirement.
Getting last expense life insurance today is the only way to guarantee that your family will have money in the future.
For more than a century, this final expense insurance policy they provide has been a pioneer in offering cost-effective protection and coverage.
To help you select the coverage that is best for you and your circumstances, they provide a choice of various types and levels of coverage.
These are the greatest since they are supported by a big business with a lot of expertise! Mutual of Omaha is among our top providers of last expense coverage.
What Types of Life Insurance Does Mutual of Omaha Sell?
Well, that’s a really good question. But rather than “What kind does Mutual of Omaha not sell,” a better query would be “What doesn’t Mutual of Omaha sell?”
Other than final expense insurance and burial insurance for seniors, Mutual of Omaha pretty much offers every life insurance product you might possibly need.
In fact, several of these can be provided with same-day coverage right away. These are a few of the goods they concentrate on:
- Children’s Whole Life (No Medical Exam)
- Critical Advantage (chronic kidney disease, congestive heart failure, systemic lupus, Heart Attack, Stroke, Cancer Policies up to age 89)
- Guaranteed Advantage (Accidental Death, up to age 70)
- Guaranteed Universal Life Express/Indexed Universal Life (No Medical Exam up to age 70)
- Living Promise (Final Expense Product) No Medical Exam, No Waiting Period
- Long Term Care (Up to age 79)
- Medicare Supplements (Ages 65-99)
- Priority Income Protection (Ages 18-61)
- Term Life Answers (Ages 18-80)
- Term Life Express (Ages 18-70) No Medical Exam
In this article, we will primarily focus on YOU, the senior, and the life insurance products that matter most to you.
How Is Mutual of Omaha Life Insurance for Seniors
After discussing the several types of insurance that Mutual of Omaha offers, let’s discuss the products that matter most for seniors 65 and older who need funeral insurance. Plans for funeral insurance for people over 65 are crucial in this case.
For instance, Mutual of Omaha’s senior insurance will include long-term care, critical care, final expense, and Medicare supplement products.
Since you read this post in order to learn more about Mutual of Omaha life insurance policies, we will concentrate more on them.
Additionally, you should pay particular attention to this post if you’re looking for funeral insurance or final expense coverage for parents.
Mutual of Omaha Living Promise
United of Omaha Burial Insurance is also known as Mutual of Omaha Burial Insurance (Living Promise).
Nothing compares to Mutual of Omaha Final Expense with Living Promise when seeking for final expense insurance.
In addition to the premium payments, the entire death benefit is a level that is guaranteed.
Most importantly, you may relax knowing that you are purchasing a premium final expense product that will pay for funeral costs.
What the Living Promise ultimate expense policy provides is as follows:
Level Benefit Plan:
- For Ages 45-85
- Face amounts from $2,000 to $40,000 (in WA, $5,000 to $40,000)
- Accelerated Death Benefit for Terminal Illness or Nursing Home Confinement
- Optional: Accidental Death Benefit Rider
- No Waiting Period
- Generates Cash Value
Graded Benefit Plan:
- For ages 45-80 (in NY, 50-75)
- Face amounts from $2,000 to $20,000 (in WA, $5000 – $20,000)
- This policy contains a graded premium life insurance benefit meaning that for death due to natural causes (any cause other than accidental) during the first two years, the beneficiary will receive all premiums paid plus 10 percent. After two years, the full benefit is paid for death due to all causes. Graded death benefits will be paid to take care of final expenses, in all years, if death results from an accidental bodily injury.
- Generates Cash Value
PLUS:
- We offer competitive premiums that fit many budgets
- Simplified underwriting. No medical exams – coverage is based on your answers to a few simple health questions.
- A great product with a strong brand and from a stable and secure company that you know
My top carrier is Mutual of Omaha, and I’m an independent national agent with clients in every state. They will be flexible with underwriting as long as our application process is highly precise.
Additionally, United of Omaha graded benefit whole life insurance has among of the most affordable premiums, particularly for smokers.
Guaranteed Whole Life Insurance
United of Omaha does provide a very competitive Guaranteed Issue Whole Life through their website, but there is a two-year waiting time and it is typically priced between 30 and 50 percent higher than the best rates.
To get the best policy and carrier, it is always advisable to consult an independent insurance agent who is educated about all the regulations. At BestBurialPolicy.com, it is our area of expertise.
Guaranteed whole life insurance should be your LAST RESORT unless you have current cancer, dementia, or recent heart surgery!
Mutual of Omaha Burial Insurance Rates
How much are the premiums for Mutual of Omaha final expense insurance?
Most importantly, United of Omaha Life Insurance Company offers the most competitive rates, particularly for its ultimate expense life insurance product.
Again, with this product, you can generally acquire coverage from 45 to 85 years old. Here is an example of rates for a male between the ages of 45 and 85, with a death benefit payout of $15,000.
This is why we chose it—it will cover both cremations and burials. (Used in conjunction with our United of Omaha Quoting Tool; see below for rates on Mutual of Omaha ultimate expenses.)
Calculator for Mutual of Omaha full life insurance for Living Promise
What Conditions Does Living Promise Cover as A Niche
Mutual Of Omaha Burial insurance for those with pre-existing medical conditions is finally available! Conditions like:
- Ankylosing Spondylitis, United of Omaha Burial Insurance (Living Promise), Level death benefit(no waiting period).
- Diabetes diagnosed 50 and over, Mutual of Omaha Burial Insurance (Living Promise), Level (no waiting period).
- Seniors with Atrial Fibrillation and on blood thinners, United of Omaha Burial Insurance (Living Promise), Level (no waiting period).
- If you have been diagnosed with cancer and treatment stopped 4+ years ago, Mutual of Omaha Burial Insurance (Living Promise), Level (no waiting period).
- Stroke over two years ago, Mutual of Omaha Burial Insurance (Living Promise), Level (no waiting period).
In addition to Mutual of Omaha, another great carrier for these health impairments are Royal Neighbors of America.
Best Burial Insurance Companies For Diabetics · Royal Neighbors of America · Mutual of Omaha.
AIG Guaranteed Issue with No Health Questions Asked will be your best alternative if you require a Guaranteed Issue owing to diabetic issues.
You can get up to 50% of the death benefit while still alive since they have living benefits.
The living benefits have an accumulating cash value and cover serious and terminal illnesses.
Overall, Mutual of Omaha final expense insurance is still the gold standard among funeral insurance plans, paying out twice as quickly as anybody else.
In fact, you must quality in order to receive the security of the death benefit in a prompt and fair manner.
Above all, making them the greatest provider of permanent life insurance and last expense life insurance.
They continue to be our top choice for whole-life insurance plans.
Mutual of Omaha Term Life Insurance Options
The term life insurance plans provided by United of Omaha are a terrific way to be safeguarded in the event of an unforeseen event. They are worth looking at because they have qualities and features that will meet your needs.
The term length options are 10, 15, 20, or 30 years. For applicants between the ages of 18 and 80, level-type premiums are assured with coverage amounts starting at $100K!
Online estimates are available, but a policy must be purchased in person through an agent.
Until they convert into any permanent alternative that best meets your financial needs, Mutual of Omaha burial insurance completely underwrites its policies.
All things considered, burial insurance is a perfect choice for individuals who wish to protect themselves and their loved ones without having to deal with the trouble or expense of getting complete coverage.
A sort of insurance that will cover final costs is a term policy. Beneficiaries can elect to receive the funds in periodic increments if they so desire, but the money will be paid all at once. You can also request a price quote online!
For many people, life insurance coverage is a challenging and frequently ignored subject.
In order to assist you cover those crucial moments in your family’s lives with peace of mind, Mutual of Omaha burial insurance offers a simple term life insurance plan that gives tax-free death benefits as well as other riders like waiver premiums, accidental death benefits, or children’s riders.
The business furthermore provides a terminal illness rider, commonly known as an expedited death benefit rider.
Guaranteed Advantage By Mutual of Omaha
What is Mutual of Omaha’s guaranteed advantage?
How valuable is accidental death insurance? Yes! Depending on your line of employment, such as driving a truck or operating an oil rig.
Above all, you can buy this up to the age of 70 with a $500k maximum face amount. The final benefit is life protection, which includes dangerous jobs.
Another accidental policy that provides a return of premium is Mutual of Omaha Guaranteed Advantage ROP. Therefore, if you keep the policy for a long enough period of time, you will receive a full refund of your premiums.
Even while getting your money back seems excellent, inflation eats away 3.5% of your purchasing power annually.
Also keep in mind that senior funerals are covered for the duration of the coverage! Of course, until you strike it rich and no longer require the coverage!
Mutual of Omaha Critical Illness Insurance
If you develop a serious disease, critical illness insurance shields you from having to spend a large sum of money.
There are many covered conditions with plans like this, and they can assist give comfort when things go wrong at work or at home.
If the insured person has cancer, dementia, a heart attack, or a stroke, this sort of insurance pays them money.
Therefore, they won’t have to worry about paying their medical bills or any other costs associated with that condition.
It also provides disability payments in addition to a death benefit that may be used in the event that a person passes away due to a severe illness or simply because not having someone to support them financially for expenses like food, housing, daycare, etc. is difficult.
Your high deductible health insurance might be paid for with the help of a critical illness insurance policy.
If you are a small business owner, it’s critical that your operations don’t collapse when a condition or course of treatment prevents you from working momentarily.
It is worthwhile to check into this kind of security because it provides peace of mind.
United of Omaha Life Insurance Company Phone Number
Mutual of Omaha Burial Insurance can be reached at (800) 228-7104. United of Omaha Life Insurance Company
Final expense data for United of Omaha is accessible to customers.
If you wish to manage your account, access is simple: http://www.mutualofomaha.com/
Address for Mutual of Omaha: 3300 Mutual of Omaha Plaza, Omaha, Nebraska 68175, USA
Mutual of Omaha Burial Insurance Payment
How do I pay my bill online?
To examine the most recent information about bill pay, CLICK HERE. Your account can be easily managed in this manner.
Call (800) 775-6000 if you want to pay bills and change information.
Life Insurance Claims
If something were to happen to you, Mutual of Omaha burial insurance would assist your family financially.
In the event that something unfortunate occurs, like death or incapacity, they make sure you have enough to survive.
If you pass away in an accident, Mutual of Omaha Accidental Death Insurance offers financial support to your loved ones.
How can I submit a claim? Call (800) 775-1000.
Call (877) 894-2478 to get a claim form for death benefits.
The Mutual of Omaha claims address:
United States, 3300 Mutual of Omaha Plaza, Omaha, Nebraska 68175
Mutual of Omaha Agent Login
Visit the agent portal after logging in and CLICK HERE for independent agents.
Producers can be reached at (800) 475-4465.
Phone number for agent support: (800) 775-7896.
Contact information for Mutual of Omaha: (800) 228-7104
Conclusion
In summary, United of Omaha is a leader in the life insurance sector for ultimate expenses.
They are a well-established business that millions of Americans trust and have done so for more than a century. Universal life insurance, whole life insurance, ultimate expense whole life insurance, term life insurance, and Medicare supplement insurance are among the products they market.
Fill out our fast quotation form if you want more information about these insurance or need assistance deciding which one is best for your circumstances. Today, an expert will assist you!
Fill out the form on the right to get a final expense quote from Omaha Mutual life insurance right away.