Mutual of omaha burial insurance

What is Mutual of Omaha’s final expense insurance and how does it work?

United of Omaha burial insurance is a whole life insurance policy with permissive underwriting, making it suitable for seniors with health problems. The cost of a policy might range from $2,000 to $40,000. The primary purpose of the final expense plans is to cover the costs of burial and other funeral expenses. You can, however, use the money on whatever you like. It’s simple to grasp because it’s a life insurance policy. Here are the pertinent policy elements you should be aware of.

  1. Premiums that are never going to go up.
  2. Policies that are indefinite and do not expire.
  3. Coverage that won’t go down in price.
  4. Over time, the cash worth of a property increases.

Your beneficiaries will get a tax-free cashier’s check equal to the amount of coverage you purchased because it is life insurance. The cash payment provides your family with the monies they need to cover your final expenses. There are no limitations on how you can use the funds. That’s a good thing because every funeral establishment in the country accepts cash. If there is any money left over, which happens rather frequently, it will be given to your recipient.

The following riders will be included with every United of Omaha last expenditure insurance policy.

  • If you are diagnosed with a terminal illness and given 12 months or fewer to live, you can obtain up to 50% of your death benefit while you are still alive.
  • Nursing Home Confinement Rider: If you are confined to a nursing home for 90 days, you can collect up to 50% of your death benefit.

You don’t have to pay for those extras. They are included in the coverage at no additional expense.

The alternative that does not require a two-year waiting period

“Living Promise” is the name given to United of Omaha’s final expense policy for seniors, which provides complete day-one coverage. There are two health ratings for Living Promise. There are two types of death benefits: level and tier. There is no waiting period if you are authorized for the level benefit. From the first day, you are fully insured. The Level Plan is broken down into the following sections. Except for New York, it’s available in every state. The issuers’ ages range from 45 to 85. The coverage amounts range from $2,000 to $40,000 (with a $5,000 minimum in Washington). Only licensed brokers, such as Choice Mutual, are allowed to sell the product (you cannot buy it directly from them) There is no waiting period for coverage, policy examples, Application example.


You can also buy the Accidental Death Rider with the level plan. It is usually only a few dollars more. If an accident is the cause of death, Mutual of Omaha will pay double the death benefit under this rider. Please keep in mind that if you don’t add this rider, your insurance will still pay out the full amount in the event of an accident. When you die in an accident, this rider doubles your compensation. To be eligible for the level plan, you must answer no to all of the health questions and have a height-to-weight ratio that falls within certain parameters. Call us at 1-800-644-2926 if you want to make things easier for yourself or if you’re not sure if you’re qualified for the no waiting period plan. Within 60 seconds, we can tell you what you’ll be eligible for.

  • The graded strategy
  • United of Omaha also offers a two-year waiting period plan. It’s known as the “graded plan.”
  • If you die during the first two years of this plan, they will return 110 percent of your payments. The waiting period ends after two years, and you are completely insured.
  • The only exemption to the waiting period is if someone dies in an accident. Accidental death would result in a total reimbursement of the death benefit even if it occurred during the waiting period.
  • The graded plan is broken down as follows:
  • Except for Arkansas, Montana, North Carolina, and New York, it’s available in every state.
  • The issuers’ ages range from 45 to 80.
  • The coverage amounts range from $2,000 to $20,000 (with a $5,000 minimum in Washington).
  • Only licensed brokers, such as Choice Mutual, are allowed to sell the product (you cannot buy it directly from them)
  • Non-accidental death has a two-year waiting period.
  • An example of an application
  • a policy examples

Take a look at the health questions to see if you’re eligible for the graded plan. Mutual of Omaha will offer you their graded program if you answer yes to any of those questions.

Advantages and disadvantages

It’s important to note that no single life insurance provider can meet everyone’s needs.

While Mutual of Omaha is undoubtedly one of the best funeral insurance companies in the country, they, too, have advantages and disadvantages.


  1. Low costs.
  2. Amounts of coverage are high (up to $40K).
  3. Option for an unintentional death rider.
  4. There is no coverage for a waiting time.
  5. Many health conditions are accepted via lenient underwriting.
  6. Diabetic-friendly, with insulin, included.
  7. New applicants as young as 85 years old are welcome to apply.
  8. This is a simple application.
  9. Underwriting in a hurry (approvals are typically less than 24 hours).
  10. Financial strength is unrivaled in the industry.
  11. You may examine and manage your policy online.
  12. The policy is mailed in both print and digital (PDF) formats.
  13. There is no limit to the number of primary and contingent (backup) beneficiaries.


  1. In New York, it is not available.
  2. For any of these health conditions, there is a two-year waiting time.
  3. This is not a guaranteed issue (you must medically qualify).
  4. Applicants will be chosen at random for a phone interview to clarify some of their medical information.
  5. Monthly payments cannot be mailed in.
  6. The use of Direct Express cards is not permitted.
  7. For diabetics under the age of 50, there is a waiting period.

If you qualify for their instant coverage plan, as we said at the beginning of this article, you should acquire it right away.