Mutual of Omaha funeral insurance

Mutual of Omaha Funeral Insurance

Mutual of Omaha Funeral Insurance is considered by Choice Senior Life to be one of the top funeral insurance programs in the country. They have been in business for over a century and remain one of the most affordable companies for life insurance funeral plans.United of Omaha Life is a Mutual of Omaha company.

Mutual of Omaha is  a leading provider of financial and life insurance products since 1909. Mutual of Omaha boasts a strong financial reputation and above average customer ratings. Their plans provide a variety of coverage and a few optional riders. The enrollment process is very simple, and their policies are affordably priced.

United of Omaha Life offers whole life insurance. Their plans feature guaranteed level premiums and accelerated death benefits, depending on the product selected.

For seniors looking for life insurance funeral plans, Choice Senior Life recommends Mutual of Omaha “Living Promise” Whole Life Plan.

LIVING PROMISE FUNERAL INSURANCE

A Living Promise Whole Life Insurance policy from United of Omaha Life Insurance Company (United of Omaha) pays benefits directly to the person you choose. It can help take care of your final expenses, outstanding medical bills or debt that you may leave behind.

Average Cost of a Funeral is Over $10,000

Did you know that funeral expenses today can cost over $10,000? The cost of a funeral may surprise you, but if you plan ahead, Living Promise will help reduce the burden of these costs on your family and help them focus on what is most important during a very difficult and emotional time.

Mutual Of Omaha Funeral Insurance Level Benefit Plan Features

  • Issue Ages: 45-85
  • Face Amounts: $2,000 – $40,000
  • Accelerated Death Benefit for Terminal Illness Rider

Allows the owner a one-time election to receive the Accelerated Benefit if the insured is diagnosed as having a terminal illness that, with a reasonable degree of certainty, will result in the insured’s death within 12 months or less from the date a physician signs the statement of proof of terminal illness

You can see some of the sample Living Promise funeral insurance quotes in the section below.

For seniors with difficult medical conditions and seniors that may have been turned down for life insurance , United of Omaha Life’s whole life plans come with a graded death benefit.

Guaranteed and Graded Funeral Insurance From Mutual of Omaha

Graded Whole Life Insurance policies from United of Omaha Life Insurance Company feature a number of benefits designed to fit your unique needs.


Graded acceptance for applicants who are ages 45 to 85

No medical exams.
Up to $25,000 in coverage and benefits that won’t reduce due to your age or health.
Affordable Mutual of Omaha funeral insurance premiums that won’t increase.

If death occurs from natural causes in the first two years, the beneficiary will receive the premiums paid plus 20%. After the two years they will receive the full amount.

Policies also build cash value that can be borrowed in the future.

Mutual of Omaha funeral insurance is about providing for the people you care about most. It pays them a sum of money you choose and may help protect them from the financial impact of your death.

Additional Features of Mutual Of Omaha Funeral Insurance Protection Plan

  • No Medical Exam.
  • The coverage is based on your answers to a few simple health questions.
  • Premiums never increase.
  • Benefits never decrease.
  • Cannot be canceled for any reason as long as premiums are paid.
  • Builds cash value that you may borrow against.
  • Benefits paid to your beneficiary income tax free.

These funds can help your loved ones pay monthly living expenses, stay in their home and pay off debts, including final expenses. It can also help send a child to college one day, continue a family business or leave a legacy for your favorite charity.

 

What are the factors that Mutual of Omaha looks at when deciding your risk classification?

When Mutual of Omaha determines life insurance rates, or how much you pay for your policy, the main factor is the life expectancy of the applicant. Life expectancy is basically the estimate of how long you are expected to live based on proven studies.

The younger you are, the longer you are expected to live, which should result in lower insurance rates.

  • Young people are expected to live much longer lives and consequently are seen as a lower risk to Mutual of Omaha  and are charged less for their life insurance policy.
  • It’s all about risk assessment. Seniors who are closer to the end of their life expectancy, are considered higher risk. Like most, if not all insurance companies, Mutual of Omaha makes up for this increased risk by charging higher premiums for the life insurance policy.
  • On average, women live longer than men. Because of this, a 65-year-old man may have higher Mutual of Omaha funeral insurance rates than a 65 year old woman. 

However, life and living changes everything over time, doesn’t it?  There are several things that happen that may change your personal risk assessment. It is up to Choice Senior Life to help you through the process and ask the right questions. Because of our expertise , we can guide you through the minefield of medical questions and make sure you qualify for the best funeral insurance protection plan from Mutual of Omaha.

Your Health History Affects Mutual Of Omaha Funeral Insurance rates

If you’ve had multiple serious illnesses or procedures, your funeral insurance rates will often be higher than someone without a history of medical conditions. If that is your situation, then perhaps a guaranteed issue policy may be right for you.

Pre-Existing Medical Conditions

Conditions like diabetes, high blood pressure, high cholesterol, or heart disease can cause your rates to be higher.

Smoking or Non Smoking

Smokers or those who once were smokers may pay higher life insurance premiums. This is because the life expectancy for smokers is about 10 years shorter than non smokers.

REVIEW THE HEALTH QUESTIONS HERE AND FIND OUT IF YOU QUALIFY FOR A MUTUAL OF OMAHA POLICY

Call or contact Choice Senior Life today to find out more about Mutual of Omaha and how we can help you protect your family.

Mutual of Omaha Website

Funeral Insurance Quotes Ages 50 to 85

AgeFemale
$5,000
Male
$5,000
Female
$10,000
Male
$10,000
Female
$20,000
Male
$20,000
50$13$16$24$29$46$55
55$15$19$28$35$53$66
60$18$22$32$42$62$82
65$22$29$41$55$78$108
70$28$38$53$73$100144
75$37$51$72$99$137$195
80$50$67$98$132$193$262
85$69$93$135$183$268$363
No Medical Exam Required.
Easily Apply Online.
**Rates shown are for good health conditions. Rates may be higher for certain health issues.
It is your choice for their future ! It would be my privilege to provide this valuable service to you. Take a few minutes to fill out the Funeral Insurance Quotes Form and start the process of receiving your personalized funeral insurance quotes today.
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John Mooney
Managing Director - Choice Senior Life