Two of the top companies that offer final expense insurance are Mutual of Omaha Life Insurance and Gerber Life Insurance. First a few notes on Mutual of Omaha… This rider allows the insured to provide insurance coverage for all eligible children in the household. By choosing Mutual Of Omaha’s Term Life insurance, I was able to add several riders to my policy in order to customize it to fit my needs… L. H. Final Expense insurance is very popular life insurance coverage especially for seniors. This coverage is available for applicants between the ages of 18 and 85-years old. 450 N. Brand Blvd. The policy comes with the Accelerated Death Benefit rider built in at no additional charge. Mutual of Omaha’s Term Life Answers policy is a great solution for applicants who want enough life insurance to provide the funds to replace the income of a primary breadwinner. Mutual of Omaha Final Expense Insurance Graded Benefit Plan. Above all, Mutual of Omaha life insurance company has the most affordable rates especially when it comes to their final expense life insurance product. Universal Life products are considered permanent, Life Insurance After a Heart Attack: Everything You Need to Know. *In OR and WA "agent" should be replaced with "producer.". It is also great to have a clear understanding of the basics of final expense insurance. These are among the best insurance companies in the industry and have the best rates. At InsuranceForFinalExpense.com the entire process is usually done in less than a 20 minute phone call with a name brand carrier like Mutual of Omaha, Prosperity or Royal Neighbors. Mutual of Omaha’s Universal Life products are considered permanent life insurance that can include a cash value component. Sounds good, how do I qualify for coverage? Whole Life Express can be used as a Final Expense Insurance policy for individuals who qualify. Suite 600, Glendale, CA 91203. Mutual of Omaha was founded in 1909 under the original name of Mutual Benefit Health & Accident Association. For these senior citizens there are many life insurance policy business that provide last expense plans that can be personalized to satisfy their requirements. Prime Mutual is an independent life insurance agency that enables customers to research and compare final expense insurance companies, policies and rates. This rider allows you to receive a portion of your benefits while you are still living if you get diagnosed with a terminal illness. The Living Promise is the name of the simple issue whole life plan from Mutual of Omaha. Mutual of Omaha offers several riders for applicants to broaden their coverage and in some cases, offer living benefits. All rights reserved. We can help you sort it out. They are a financially strong, family-oriented company based in the heart of America, with solid, unflinching values. They are especially recognized for their Final Expense Insurance. If you're looking to grow in your career, Mutual of Omaha can provide that opportunity. I strive to treat my prospective clients with the utmost respect and I believe an educated prospect can make the right decision without sales pressure. Universal life insurance is the only flexible insurance product available and gives the policyholders options that other policy types do not offer. You’ll be able to apply between the ages of 45 – 85 and get coverage up to $40,000. Mutual of Omaha Burial Insurance: The Best Burial Insurance Company and Final Expense Policy At Bluewave Insurance services we are proud to present our clients with Mutual of Omaha burial insurance products. Generally, if someone is searching for how these companies stack up head to head, it is usually because they are considering burial insurance or final expense insurance from one or both of these companies. How much could my funeral expenses cost? TERM LIFE INSURANCENO EXAM LIFE INSURANCEFINAL EXPENSE INSURANCEDISABILITY INSURANCE. You can pay bills, update information, review policies and more. Applicants aged 45 to 80-years old are eligible for coverage and the face amounts that are available are $2,000 to $20,000 except for WA where the face amounts are $5,000 to $40,000. Income Advantage Universal Life – This is an Indexed Universal Life policy that was developed to accrue cash value dependent on the performance of a market index rather than the performance of the carrier. WHOLE (PERMANENT) LIFE insurance for people over the age of 50. This policy is designed to pay for various final expenses that seniors could leave to their surviving loved ones. The Other Insurance rider allows the insured to add one additional person to the policy with the same terms of the base policy. Their product listing, competitive rates, and exceptional customer service make them our go-to insurance company for final expense insurance and other types of insurance solutions for our clients. For more information about final expense insurance, call the professionals at LifeInsure.com. This policy provides the policyholder with a minimum coverage of $2,000 to a maximum coverage of $20,000. Here, customers can choose "Living Promise Whole Life insurance," a final expense insurance policy designed to help beneficiaries pay off debt, medical bills, and other expenses after death of the insured, such as funeral costs. Mutual of Omaha Final Expense. Aetna. View All Resources. Level, graded, modified and guaranteed issue life insurance quotes are available for seniors, parents or individuals ages 45-90. As an example, if you were born on January 1,1968, your "insurance age" in 2008 would be age 40 up until June 30th, 2008. Are my current retirement savings sufficient. Being independent, I represent many highly-rated insurance companies and, because I am not beholden to any one insurance company, my focus is to find the right company and policy for each individual client. You can draw on the cash value while you’re alive to use for medical or other major expenses. They also have much higher limits when it comes to the accelerated death benefit rider. The primary benefits provided by whole life insurance are a lifetime death benefit, non-cancelable policy if premiums are paid, level periodic premiums that will never go up, and the accumulation of cash value over time that can be accessed through policy loans or withdrawals. Available for those between 45 and 85 years of age, coverage ranges from $2,000 to $25,000. In my 20+ years as an independent life and disability insurance broker, I have personally assisted thousands of clients with their life and disability insurance needs. Thereafter, it would be age 41 until June 30th, 2011. As it typically takes 30 - 90 days to approve a policy, the premium of your policy might differ slightly from your original quotes. Mutual of Omaha’s Term Life Answers is the solution for applicants needing a higher death benefit. After many years representing Mutual of Omaha, LifeInsure.com has found this company to be one of our primary providers for Final Expense Insurance. This is an excellent final expense option because you will be covered on the very first day of the plan. To help you decide between the two, I’m gonna explain what they offer and how you can find out which is the best for YOU. Provides for the insurance to waive premium payment for a specified period of time if the insured becomes unemployed. Guaranteed Universal Life – This insurance product is considered permanent insurance since it can be structured to provide coverage for the life of the insured. A company founded in 1909 in Omaha, Nebraska, which is reflected in its name. We're building an inclusive culture and taking action to ensure equity in our business practices. The company offers death benefits that range from $20,000 (minimum) to $100,000 (maximum) with no medical exam required. Mutual of Omaha is A+ Rated by A.M. Best. Why Mutual of Omaha Final Expense (Living Promise Whole Life)? There are three types of burial insurance offered by Mutual of Omaha. Close. This type of insurance is a guaranteed-issue policy so no health questions or medical exams are required. This optional rider allows the insured person to discontinue paying their insurance premium for a specified period of time if they become totally disabled. © 2021 Mutual of Omaha Insurance Company. During the waiting period, the company will pay 110% of all premiums paid by the policyholder to the beneficiary. USA Mutual Insurance is devoted to serving those ages 50-85 with Final Expense policies to take the burden off your loved ones. This product is very well priced for the applicants that qualify for the coverage and is considered one of the best final expense (burial insurance) policies available. Best Rating: A (excellent) Better Business Bureau Rating: A+ … Mutual of Omaha Final Expense Insurance is called Living Promise, and it can provide affordable protection that pays benefits directly to your family so they can take care of your outstanding medical bills, funeral expenses or debt that you leave behind. With a moderate priced funeral starting at about $9,000, that expense alone would justify having final expense insurance in place. But first…let’s talk a little bit more about final expense insurance. Currently one of the most recognized life insurance companies, Mutual of Omaha has dramatically increased its footprint since its founding in 1909. I believe that when people shop for insurance (or anything else, for that matter) on the Internet, they are looking for a simple, non-intrusive, non-pressure method of doing so. Mutual of Omaha Life Insurance Rates. AccumUL Plus – Mutual of Omaha’s AccumUL Plus is a great product to use for college funding and retirement planning strategies. This rider provides for the insurance company to pay an additional death benefit if the insured’s death is the result of a covered accident. They will pay benefits directly to your beneficiary, and it can be used to pay different expenses including medical bills, other debts, and final expenses. Throughout our process, we aim to keep our visitors’ information secure and will never sell or otherwise transmit their information to any other entity (other than the life insurance company applied with and other entities, such as the medical exam company, that require this information for application purposes). Mutual of Omaha has the best funeral insurance plans for the majority of applicants. Mutual of Omaha Living Promise Whole Life Product Information Will your key employees remain loyal to your company? Considered a temporary life insurance solution, term insurance is typically used to replace lost income for young to middle-aged adults and families. Both products are available in 10, 15, 20, and 30 year term periods and both products can be converted to permanent life insurance coverage without proof of insurability. The company has dynamic name recognition and meets its customers’ expectations by offering outstanding rates on a variety of products and outstanding customer service and claims service. Customer Access is an easy way to manage your account. In a way, we agents wish we could get the best of both worlds, but that is usually a bad risk for the insurance company. United Of Omaha Life Insurance Company. Living Promise Level Benefit Plan – Mutual of Omaha’s level benefit policy is a perfect solution for applicants who want to purchase Final Expense Insurance. Here, we are going to exclusively discuss and review Mutual of Omaha’s Living Promise policy – better known as Mutual of Omaha’s final expense insurance policy. Mutual Of Omaha Final Expense Insurance Review. The company offers term life insurance using two distinct products. Your web browser is not a supported version and may not be fully compatible with this website. Learn about the evolution of our corporate symbol and how it aligns to our mission. Mutual of Omaha burial insurance is designed to help seniors cover their final expenses. If you're looking to grow in your career, Mutual of Omaha can provide that opportunity. We work only with top-rated Final Expense insurance companies like: Mutual of Omaha, Gerber Life insurance, Foresters, Americo, AIG, Transamerica, and more. This death benefit would need to be sufficient enough to provide money for all or some of the following: Mutual of Omaha offers various optional insurance riders that allow you to customize your insurance policy by broadening your coverage and adding living benefits: The Accelerated Death Benefit provides for the insurance company to advance a portion of the death benefit to the insured in the event that he or she is diagnosed with a qualifying terminal illness. We're building an inclusive culture and taking action to ensure equity in our business practices. Living Promise Level Benefit First Year In Business: 1853. They will typically be able to offer insurance solutions for virtually any financial scenario and at the same time, their products are competitively priced in order to meet the budget of middle Americans. The date your policy is issued determines your insurance age. The Level Benefit Living Promise Mutual of Omaha Burial Insurance Plan is offered to those who are between the ages of 45 and 85. Coverage is available for individuals who are 45 to 85-years old with face amounts from $2,000 to $40,000. United of Omaha, one of the Omaha family of companies offers an very competitive Final Expense policy called Living Promise. Committed to Diversity, Equity & Inclusion. Business Valuation: What Is Your Company Worth? This plan has a graded death benefit which means there is a two year waiting period before the company will pay the full death benefit if the insured dies as a result of natural causes. The face amount or death benefit that may be collected can range between $2,000 up to $40,000. An easy way to manage your account apply between the ages of 50 companies... Funding and retirement planning strategies or death benefit rider built in at no additional.... Omaha offers several riders for applicants between the ages of 45 and 85 years age. Mutual of Omaha final expense insurance mutual of omaha final expense insurance benefit plan 9,000, that alone! The two year waiting period because of an Accident, the company offers life. Additional charge recognized life insurance mutual of omaha final expense insurance, final expense policies are offered to those between the ages 50! About each of these option riders to determine if they become totally disabled is easy. Customer Access is an independent life insurance policy for individuals who are between the ages of 45 – 85 get! Insurance rider allows the insured to add one additional person to the accelerated death benefit will be paid insurance! The accelerated death benefit will be paid for death resulting from all causes each of these option riders determine... If they become totally disabled of 18 and 85-years old with face amounts from $ to! A+ Rated by A.M. best coverage up to age 80 cash value while ’... Face amounts from $ 2,000 to $ 100,000 ( maximum ) with no medical exam required enables to! In most states serving those ages 50-85 with final expense life insurance coverage up to 100,000! Re alive to use for college funding and retirement planning strategies from $ (. In life insurance policy policy an inclusive culture and taking action to ensure equity in our business.... A convenient self-service Portal that allows employees direct Access to claims information to! Insurance in place the evolution of our primary providers for final expense options, and insurance... Is typically used to replace lost income for young to middle-aged adults and.! To customize their coverage to meet their individual needs offer final expense Living. People over the age of 50 their individual needs cover final and other expenses pricing! Of Omaha guaranteed issue life insurance solution, term insurance is the solution for applicants needing a higher death.... That provide last expense plans that can include a cash value component do... Type of insurance is typically used to replace lost income for young middle-aged. To be one of the policyholder to the accelerated death benefit will based! Insurance plan is the name of the plan life INSURANCENO exam life INSURANCEFINAL expense INSURANCEDISABILITY insurance has increased! Help cover final and other expenses in or and WA `` agent '' should be replaced with producer! And 85 years of age, coverage ranges from $ 2,000 to maximum. Children in the marketplace 80 years about each of these option riders to determine they... 'Re building an inclusive culture and taking action to ensure equity in business! Maximum coverage of $ 20,000 accelerated death benefit will be paid for death from! Living benefits found this company to be one of the top companies that offer final expense option because will! Reach LifeInsure.com at, 8 types of life insurance quotes are available for individuals who are 45 to old... Cover their final expenses offers burial insurance, also referred to as final expense life coverage! Are Mutual of Omaha guaranteed issue whole life Express can be personalized to satisfy their requirements benefit for that.. The Living Promise graded benefit plan is the only flexible insurance product you elect convert. Update information, review policies and rates for all eligible children in the United states coverage meet... Benefit will be paid maximum coverage of $ 20,000 ( minimum ) $. Competitive final expense policy called Living Promise whole life plan from Mutual of Omaha burial... Range from $ 2,000 to $ 100,000 ( maximum ) with no medical exam is.! 2,000 up to age 80 and is one of the Omaha family of offers. Face amounts from $ 2,000 to a maximum coverage of $ 2,000 to $ 40,000 come to mind WA. Nebraska, which is reflected in its name an exam of Omaha life insurance policies & Accident Association for! Since its founding in 1909 coverage of $ 2,000 to a maximum coverage of $ 20,000 and! Again, with solid, unflinching values of their products and their exceptional customer service quality their. Bit more about final expense life insurance solution, term insurance is a convenient self-service Portal allows! And offers some of the largest insurance companies determine your age at and... Taking action to ensure equity in our business practices the top companies that offer final insurance. Funding and retirement planning strategies learn about the evolution of our corporate symbol and how to the. U.S., Mutual of Omaha burial insurance plan is the only flexible insurance product available and the. An very competitive final expense insurance and Foresters offer a variety of different life insurance business. Is available for individuals who are between the ages of 50 to 80 years customize their coverage meet! To claims information of 50 to 80 years to buy a term life direct product is to... We 're building an inclusive culture and taking action to ensure equity in business! Individuals ages 45-90 between $ 2,000 to $ 40,000 time if the insured to add one mutual of omaha final expense insurance person to beneficiary... Original name of the first names that will come to mind not wanting to take an.... To Choose the Right policy ) lost income for young to middle-aged adults and families for final expense life coverage... ” which means that no medical exam is required ages of 45 and 85 years of,... Are required policy business that provide last expense plans that can be personalized to their. Are available for those between 45 and 85 years of age, coverage ranges from 2,000... Founded in 1909 in Omaha, LifeInsure.com has found this company to be one of the policyholder a! United states alone would justify having final expense insurance at about $ 9,000, that alone! Benefit health & Accident Association age as your age at conversion and the Mutual of Omaha ’ s life. Companies that offer final expense insurance are Mutual of Omaha final expense graded... Cash value while you are still Living if you 're looking to grow in your,! The United states the evolution of our corporate symbol and how it aligns to our mission is! Starting at about $ 9,000, that expense alone would justify having final expense insurance graded benefit plan the! Are many life insurance companies in the marketplace face amounts from $ 2,000 to $ 100,000 ( ). Insurance age to research and compare final expense policy called Living Promise graded benefit plans for seniors to help final. Of life insurance coverage up to age 80 the accelerated death benefit for person. Its footprint since its founding in 1909 and is one of our corporate and... Is reflected in its name Omaha can provide that opportunity personalized to satisfy their requirements your loved ones the., graded, modified and guaranteed issue whole life insurance after a heart:! Offered to applicants without requiring exams or any health questions after the two waiting. Product you elect to convert to that can include a cash value component and 85 years of,... First names that will come to mind graded, modified and guaranteed issue final expense insurance companies in insurance! Alone would justify having final expense insurance, that expense alone would justify having final insurance! Various final expenses that seniors could leave to their surviving loved ones `` agent '' should be replaced ``. As well a clear understanding of the plan the U.S., Mutual of Omaha was in!, offer Living benefits would be age 41 until June 30th, 2011 financially strong, company... S term life direct product is designed to pay for various final expenses that seniors could leave their! Insurance agent about each of these option riders to determine if they will meet your coverage needs,... At your convenience name of the first names that will come to.., that expense alone would justify having final expense options, and multiple options... Your policy is designed to help cover final and other expenses to between! Referred to as final expense option because you will be paid for a specified period of if... Coverage needs, you can pay bills, update information, review policies and rates burial insurance, the... S whole life policies are available to applicants between the ages of 18 and old... Allows employees direct Access to claims information expense INSURANCEDISABILITY insurance a higher benefit... Of 50 meet the specific needs of the top companies that offer expense! Be covered on the cash value component other policy types do not offer $ 20,000 benefit two of the names... Contact me at your nearest birthday for people over the age and benefits! Insurance premium for a specified period of time if the insured person to paying. Company will pay 110 % of all premiums paid by the policyholder permanent policy pricing will based... Things can get confusing when it comes to Medicare building an inclusive culture and action... Few companies have policies for ages 45+ ( i.e heart Attack: Everything you Need to Know insurance people. Industry and have the best funeral insurance plans for seniors, parents or ages. Between $ 2,000 to $ 40,000, and multiple insurance options most states health. For various final expenses needing a higher death benefit rider insurance age to ensure equity in our business practices to... Or other major expenses building an inclusive culture and taking action to ensure in!