Final expense life insurance is one of the most important financial planning decisions for seniors. Mutual of Omaha’s Burial Insurance offers peace-of-mind protection for your family with a variety of options to choose from, whether you are looking for coverage at retirement or after you’ve already retired.

This Mutual of Omaha burial insurance review will help you understand Mutual of Omaha’s type of coverage, rates, and eligibility requirements so that you can make an informed decision about which plan is best suited for your needs.

Is the cost of a funeral something you’ve considered? Believe it or not, there is no set price for these services. The amount will depend on many factors such as age and type of coverage – but in general, expect to pay less when you compare final expense companies!

Mutual of Omaha’s Living Promise Burial life insurance coverage provides protection for family and loved ones when you die. The death benefit is available up to $40,000 and is paid to the beneficiaries Tax-Free.

A Living Promise Whole Life Insurance policy from the United of Omaha Life Insurance Company pays benefits directly to the person you choose. It can help take care of your final expenses, outstanding medical bills, or debt that may be left behind by paying it for them if needed with this type of life insurance policy.

With our application process, it only takes a few minutes to get started! We offer affordable rates with no medical exam required! Here are some additional burial insurance companies to review. Our representatives are available if you have any questions about this product or would like a free quote over the phone today!

Click here right now to get an instant Mutual of Omaha burial insurance quote.

Whole Life Insurance vs Term Insurance

Whole life insurance is a type of long-term plan that provides benefits for the rest of your life, whereas term life insurance only lasts for a certain number of years.

Term life insurance is a type of policy that provides death benefits and coverage for a specific period. It has lower premiums than whole life, but the benefit does not last as long or provide protection for your entire financial future.

There are two types of life insurance that you can apply for through Mutual of Omaha:

Whole Life Insurance

Whole life is one of the most common forms of life insurance. With this type of permanent life insurance, premiums stay level throughout your entire lifetime and coverage stays in force as long as you pay the premium each month. Ideal for Final Expense Planning.

Term Life Insurance

A term life policy provides you with a low-cost way to help protect your family from the financial burden of losing you while their lives are in a critical stage. Great for Mortgage Protection.

The Living Promise Burial Plan

The Living Promise Burial plan covers the costs of burial and funeral services, as well as paying medical bills and debts. The Mutual of Omaha plan is available to protect families from the financial burden that comes with losing a loved one who has passed away.

Level Benefit Plan Features

You can choose from face amounts ranging from $2,000 up to $40,000 (in WA, $5,000 up to $40,000). Plus they offer an optional Accidental Death Benefit Rider that will help cover funeral expenses if you die as a result of an accident. Also, there is a Terminal Illness or Nursing Home Confinement benefit option available on all policies so that your family doesn’t have any additional costs associated with your final days at home or in the hospital.

Accelerated Death Benefit Rider for Terminal Illness or Nursing Home Confinement

Allows the owner a one-time election to receive an Accelerated Benefit if they are either: (a) Diagnosed with a terminal illness and, with reasonable certainty, will die within 12 months from the date the physician signs a statement of proof; Or b) confines themselves at home 90 consecutive days more than once before being admitted into nursing homes expected lifetime there.

Graded Benefit Plan Features

This policy contains a graded benefit meaning that for death due to natural causes (any cause other than accidental) during the first two years, you will receive all premiums paid plus 10%. After this time period has passed though-in both insured and uninsured alike-the full benefits are available: For those who die from any type of bodily injury or accident which is not intentional on their behalf; they’ll still be fully covered in every way possible. Issue Ages: 45-80 and Face Amounts: $2,000 – $20,000 (In WA, $5,000 – $20,000)

Additional Features

• There is no need for a medical examination to get coverage. Just a few simple health questions.
• Premiums never go up
• Benefits never go down
• Not cancellable for any reason, as long as premiums are paid.
• Builds cash value that you may borrow against
• Under current federal tax rules, benefits paid to your beneficiary are tax-free.

Accidental Death Benefit Rider

The Living Promise Level Plan also offers an optional Accidental Death Benefit Rider that will help cover costs associated with your death if it was due to an accident. This rider provides up to $40,000 ($20,000 in WA) for death due to bodily harm or disease that was the result of an accident.

The Living Promise Graded Plan does not offer this benefit option.

FAQ: Mutual Of Omaha Burial Life Insurance

Who should get Mutual of Omaha burial insurance?

• People who have a pre-tax income under $75,000 that don’t want to worry about funeral expenses.
• Senior citizens with limited savings looking for an affordable way to protect their families from financial burdens associated with death.
• People without life or health insurance

What’s the difference between Burial Insurance and Final Expense Insurance?

The terms Burial Insurance and Final Expense Insurance are often used interchangeably. Other terms used are Life Insurance, Burial Plans, Funeral Benefits, and Cremation Policies.

How does Life Insurance work?

Life Insurance or Life Insurance Policies are issued for a period of time that the owner pays premiums. The amount of coverage is determined by factors such as age, sex, and health status.

When you die during this term your beneficiary will receive benefits to help cover final expenses like Funeral Expenses (or Casket), Burial Plot/Grave, and Headstone.

What is covered by Mutual of Omaha burial insurance?

Burial Insurance covers costs associated with your funeral and final resting place such as; Casket or Shroud; Funeral Benefit (services); Grave Site/Mausoleum Crypt; Grave Marker or Monument; Burial Plot Costs.

How long does it take Mutual of Omaha to pay life insurance?

Mutual of Omaha takes approximately 48-72 hours to process life insurance claims.

How much does Mutual of Omaha burial insurance cost?

The Living Promise plan is a highly affordable type of insurance, and the premium payments will never increase. 

Your current age at the time of issue determines what you pay in premiums; gender also factors into how much it costs for males versus females to get this coverage.

Use the instant quote life insurance calculator to find out how much Mutual of Omaha burial insurance costs.

How much life insurance Insurance coverage do I need?

One of the first things you’ll want to do before purchasing any type of burial insurance is to figure out how much coverage you need. Fortunately, Mutual of Omaha has created a very easy way for you to estimate exactly what amount will cover your funeral expenses and final wishes.

A typical funeral costs between $8000-$11000. Which covers expenses associated with the funeral, which includes casket and urn.

What other end-of-life costs will I have?

You may also want to consider other expenses associated with your final wishes. In addition to a funeral, you’ll have the following costs:

• Headstone/ Marker  ($800-$2000)
• Medical Examiner Fees ($600+)
• Funeral Home Services Fee ($900+)
• Grave Opening and Closing Fees ($600+)
• Cemetery Fees ($300+)
• Taxes/Beneficiary Designation Fee ($)  ($40-$80)

Is Final Expense Insurance permanent?

Your Final Expense Insurance plan is permanent until you cancel it.

How do I get Burial Life Insurance Rates Free Online?

If you are looking for the best life insurance rates, go to our online quote page. Fill out your zip code and how much coverage you need. We will create a quote for you and show you how much it costs.

You can use the instant life insurance rates calculator to find out how much Mutual of Omaha burial insurance costs based on your age, gender, and face amount needed. LINK

How do I apply for Mutual of Omaha burial insurance?

Whole life insurance can be a great solution for seniors who are looking to protect their families from the financial burdens associated with death.   

We have coverage for people 45 -85 years old. The Living Promise plan is a highly affordable type of coverage, and premiums will never increase.

Life insurance for children

Mutual of Omaha also offers whole life insurance for children. This ensures that you have a plan to protect your children’s future.

About Mutual Of Omaha

Mutual of Omaha is one of the largest mutual life insurance companies in America. Founded in 1909, Mutual of Omaha has been helping individuals and businesses protect their financial security for over 100 years. Mutual of Omaha’s financial rating is the highest awarded to a mutual life insurance company, A++ (Superior), from Standard & Poor’s Corporation.

Mutual of Omaha Burial Insurance: Mutual of Omaha is a leading provider that offers burial insurance for families who need peace of mind and can’t afford funeral expenses or other costs associated with death. Their policies feature no medical exam, affordable premiums, and a wide range of face amounts.

Their mission is “We help our customers protect what they care about and achieve their financial goals,” and they stand by that as a meaningful part of their company’s purpose.

Their mutual structure allows them to be more responsive to customers’ needs, provide better financial strength ratings from rating agencies, and remain committed to protecting the interests of our policyholders through mutuality.

United of Omaha Life Insurance Company, the main subsidiary of Mutual of Omaha Insurance Company has been committed to helping its customers through insurance and financial products for more than a century. With offices all around America as well as Puerto Rico they are here with you no matter what your needs might be!

Mutual of Omaha offers affordable burial insurance for people who don’t have life or health insurance coverage.

You know your family is important, and you want to protect them during difficult times. If living with uncertainty is too much on top of everything else they’re dealing with already then Planning Ahead might be the solution for helping take some weight off their shoulders while still providing coverage that will keep loved ones safe in case anything were ever to happen.