Mutual of Omaha Burial Insurance Review

Written by AssuranceLife.org

Are you looking for a life insurance policy to cover all your final expenses? Maybe you are considering leaving some monies behind for a loved one or extended family member? Regardless of your needs, Mutual of Omaha Burial Insurance is a great option for those who are wanting to buy a life insurance policy to protect themselves and their family from financial hardship. Mutual of Omaha Life Insurance is definitely one of our favorite companies to work with. Our goal with this Mutual of Omaha Burial Insurance review is to highlight their different plans in hopes to help educate you before you make a decision. Assurance Life knows that buying life insurance is an important decision for you and your family and we don’t take it lightly. This review will mainly focus on Mutual of Omaha’s Living Promise whole life insurance product since its only offered through agencies like Assurance Life. *****Mutual of Omaha WON’T sell you this plan if you contact them directly. It is only offered through insurance brokers such as Assurance Life.

If you’re looking for Instant Burial Insurance Quotes, complete the form on this page. Otherwise, read our in depth Mutual of Omaha Burial Insurance review filled with information and sample rates. Here is the Mutual of Omaha phone number if you need to reach them – 800-228-7104.

Mutual of Omaha Company Information:

  • Founded in 1909
  • Headquartered in Omaha, NE
  • Currently has over 5,000 employees
  • Offers numerous insurance and financial products
  • Financial strong with over 42 billion in total assets
  • Has many subsidiaries including United of Omaha Life Insurance Company
  • Famous for Mutual of Omaha Wild Kingdom

Mutual of Omaha – Living Promise – Whole Life Insurance

Assurance Life has access to over 25 of the best burial insurance companies in the nation. With access to so many companies, it is a testimony that Mutual of Omaha Burial Insurance is often one of our top choices for many reasons. Here are some highlights to their Living Promise plan:(Mutual of Omaha’s Whole Life Insurance) Once again this plan is ONLY available through select agencies. Mutual of Omaha WON’T sell you this plan if you contact them directly. Contact us at 800-517-0810 to find out more.

Mutual of Omaha – Living Promise Best Policy Features

  • Face amounts up to $40,000
  • Accelerated death benefit rider
  • Age coverage 45-85
  • Often the best priced burial insurance company
  • Easy online application process

Mutual of Omaha Living Promise – Level Benefit Plan

Mutual of Omaha’s level benefit plan is the best plan you can qualify for with Mutual of Omaha Burial Insurance. In fact, 90 percent of all of our customers at Assurance Life qualify for level coverage. Level coverage simply means immediate coverage without a waiting period. It starts Day 1 once you have made your first premium payment. Level coverage always has the lowest price plans compared to other programs. Our first goal always is to get ALL of our customers approved for level coverage. Here are some of the highlights of the Mutual of Omaha Living Promise Level Benefit plan:

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  • Policy can’t be cancelled due to your age or health
  • Your monthly premium will NEVER increase
  • Your death benefit will NEVER decrease
  • Policy starts immediately – NO WAITING PERIOD
  • Level Coverage is available in all 50 states
  • Some of lowest rates in the industry
  • No medical exams and simple application

Mutual of Omaha Sample Rates

MaleMaleFemaleFemale
Age5,00010,000Age5,00010,000
4514.3225.454512.9022.61
5016.1829.165013.9424.67
6022.9842.766018.0432.87
7038.4573.707028.2253.24
8067.93132.658050.8298.43
8593.18183.158569.55135.90

 

Mutual of Omaha Living Promise – Graded Benefit Plan

If you don’t qualify for Mutual of Omaha’s level benefit plan the graded benefit product is another option. However, Assurance Life doesn’t recommend this plan to our customers MOST of the time. Why is this? Well, first let me explain what the graded benefit is. The graded benefit with Mutual of Omaha burial insurance has a mandatory two year waiting period. Simply means, your death benefit won’t be paid out if you die during the first two years. However, Mutual of Omaha burial insurance will give you all your money back plus 10 percent interest if this happens. After two years, the entire death benefit/face amount would be paid. Full death benefit is paid if death results in accidently injury even during first two years.

Plus, another reason we don’t recommend their graded plan is because of their health conditions listed on their application. All of health conditions listed below, Assurance Life could find you level coverage with another company most of time. Which means more money in your pocket plus better coverage without a waiting period. Here are the conditions listed:

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  • Retinopathy
  • Nephropathy
  • Neuropathy
  • COPD
  • Cancer has 4 year look back (most companies 2 years)
  • Bipolar Depression
  • Multiple Sclerosis
  • TIA
  • Irregular Heart Rhythm

Assurance Life works with 25 different life insurance companies for this exact reason above. You see, ALL burial insurance companies view your health conditions completely different most of time. One company might not ask about a certain illness where another company would. This is why it’s important to always use an independent broker who has access to numerous companies. This is the best way to buy burial insurance if you are wanting the best price and the best coverage for your current health situation.  If you have one of the health conditions mentioned above, call Assurance Life so we can compare other choices and find you the policy best for your needs.

Mutual of Omaha Guaranteed Issue Whole Life Insurance

Raise your hand if you have gotten something in mail from Mutual of Omaha Burial Insurance regarding their guaranteed issue whole life insurance plan…   Ok we can all put our hands down now. Mutual of Omaha burial insurance is heavy in direct mail with their guaranteed issue life insurance product. So lets take a look at what they are actually offering you and you decide for yourself if it makes sense for you and your family. This plan is only available through Mutual of Omaha. So if you are interested in this product you will have to contact them directly because we can’t help you.

First, what does guaranteed issue mean? It means that ALL who apply are guaranteed acceptance. No health questions asked. You do have to be between the ages of 45-85 (50-75 in NY) to qualify for the Mutual of Omaha guaranteed issue plan. Plus, their guaranteed issue product isn’t available in all states either so you need to check with them on that. But for the most part, its like most other guaranteed issue life insurance products. It’s simply just a normal whole Life Insurance policy that can’t be cancelled unless you stop making your premium payments. Also, your payment won’t go up and the death benefit remains the same and never decreases. The application process is simple since there is no underwriting and you can signup through the mail, online or by phone.

Sounds good? Well, not so fast. Here are a couple things to consider before you buy this type of policy.

    1. ALL guaranteed issue burial insurance policies have a mandatory 2 year waiting period. Once again, if you die within the first two years your death benefit won’t be paid out. This type of policy usually is a perfect fit for those with severe health issues. Here at Assurance Life, we only offer these plans as a last resort once we have exhausted all other options. Our goal is always level coverage if possible. If you currently have any of the health conditions listed below you should consider Mutual of Omaha’s guaranteed issue plan:

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  • Currently on oxygen
  • Currently on dialysis
  • Currently receiving hospice care
  • Currently have cancer
  • Currently confined to a wheelchair
  • Diagnosed with Alzheimer’s Disease
  1. Guaranteed issue life insurance is the most expensive type of life insurance available. Sure, no health questions on the application seems easy but in reality you end up paying for it. So, you really should try to get approved FIRST from an licensed life insurance agent with a plan that asks you health questions. This will ensure you get the cheapest price and the best burial insurance coverage without a waiting period if approved.

Unfortunately, lots of people have signup for these life insurance solicitations through the mail without ever knowing what all the details are. How do you know this type of policy is best for you? Are you getting the best coverage for your current health situation? Are you getting the best burial insurance company? How do you know you got the best price? All these questions are important and best answered by an expert like Assurance Life to help you and your family through the process. We do this every day and we truly enjoy helping individuals find the best burial insurance policy to cover their end of time final expenses.

Assurance Life cannot sell you the Mutual of Omaha Guaranteed Issue plan but we do have other options.  While Mutual of Omaha has excellent insurance, this particular plan is sold as a direct sale product and you wouldn’t have the personal service that Assurance Life can provide.  Also, we can compare the rates against other excellent companies such as AIG to be sure you are getting the most coverage for the lowest payments.

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Mutual of Omaha Children’s Whole Life

Mutual of Omaha Life Insurance also offers whole life insurance for children. It’s one of the best whole life insurance plans for children in the industry. Assurance Life can assist you with this plan. We help parents and grandparents often with these children’s plans. Mutual of Omaha burial insurance has some of the lowest insurance rates for children and one huge benefit is they accept applications on children up to age 17. Gerber is another policy we also offer for children but they only will accept children up to age 14. Call us at 800-517-0810 and ask about how you can invest in your child or grandchild by starting their insurance coverage at a young age and securing the lowest rates they could ever pay.

Why Assurance Life?

Once again, Assurance Life is an independent life insurance broker. We have access to the top 25 burial insurance companies in the US. We are licensed with numerous companies meaning we work for YOU as our client.   We are able to take your individual situation based on age and health and then we find you the best price and the best coverage based on your current needs and situation. Call us at 800-517-0810 so one of our licensed insurance specialist can assist you with the BEST final expense plan and help you with Mutual of Omaha Burial Insurance.

About AssuranceLife.org
About AssuranceLife.org

Assurance Life works with individuals nationwide to secure the best life insurance rates. With access to top rated insurance companies, we always find the lowest rates regardless of medical conditions, age, or budget.

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