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Looking through burial insurance reviews is the best way to make informed purchasing decisions. It is also great to have a clear understanding of the basics of final expense insurance.
Mutual of Omaha has the best funeral insurance plans for the majority of applicants.
Mutual Of Omaha Final Expense Insurance Review
Mutual of Omaha was founded in 1909 under the original name of Mutual Benefit Health & Accident Association. The company currently offers a wide range of financial service products and has a network of subsidiaries, including the following companies:
- United of Omaha Life Insurance Company
- United World Life Insurance Company
- Mutual of Omaha Investor Services Inc.
- East Campus Realty LLC
For this article, our attention will be set specifically on life insurance for the senior market and the United of Omaha Life Insurance Company.
Company Details
- Established: 1909
- A.M. Best Finacial Rating: A+ (superior)
- Headquarters: Omaha, Nebraska
Plan Types
Mutual of Omaha has three senior life insurance plans.
- Plan 1: Level Living Promise
- Plan 2: Graded Living Promise
- Plan 3: Guaranteed Issue
Each of the plans comes with three guaranteed benefits.
Coverage Is Permanent: The coverage will never expire. As long as the monthly premiums are paid, you and your family will have peace of mind knowing the payout will be available when needed the most.
Price Never Increases: Along with permanent coverage comes a price lock. This means your price is never going to change. For seniors on a fixed income, this feature is a top priority. Knowing that you will never be surprised by a rate increase makes this plan a wonderful funeral expenses option.
Builds Cash Value: With every payment made, a portion will go towards the Mutual of Omaha Living Promise cash value. Over time this account will grow and can be borrowed from for whatever the policyholder chooses.


Plan 1: Living Promise – Level
The Level plan is the top plan on the market, offering immediate coverage for low premiums. Qualifying for this plan can be difficult for some due to the strict medical questions.
Level Plan Details
- Age Eligibility: 45 – 85
- Coverage Amounts: $2,000 – $40,000 (WA $5,000 – $40,000)
- State Availability: All 50
- Medical Exam: No
- Health Questions: Yes
- Waiting Period: No
- Permanent Coverage: Yes
- Builds a Cash Value: Yes
- Smoking Rates: Yes
Low Premiums and Immediate Coverage
This plan has extremely low monthly prices. The Mutual of Omaha company can offer low premiums due to the high standards of qualifying for coverage. Included with the low premiums is burial insurance with no waiting period, which is a feature every senior should attempt to receive. If seniors can qualify, this plan is the best on the market.
Additional Rider Options
A rider is an additional benefit that is either included with your policy or added for a small additional fee. This plan has two riders.
Accelerated Death Benefit: This allows the policy owner to accelerate the death benefit if they are either diagnosed with a terminal illness or are confined to a nursing home for 90 days or more and expected to live out life there. This provision will payout the entire death benefit to the insured. This rider is included with the Level plan at no additional charge.
Accidental Death Benefit: With this option, the payout doubles if the policyholder dies due to accidental death. This is defined as an accidental bodily injury and independently of sickness and all other causes. An additional premium will be required for this coverage.
Underwriting for the Mutual of Omaha Burial Insurance Level Plan
The underwriting process is rigorous and will ask a wide range of medical questions. If you have any of the following medical conditions, your coverage will be denied.
- Activities of daily living
- AIDS, HIV, or ARC
- ALS (Lou Gehrig’s Disease)
- Alzheimer’s/Dementia
- Bedridden
- Cancer treatment or diagnosis within 4 years or recurrent (excluding basal or squamous cell)
- Chronic kidney disease
- Chronic lung disease
- Cirrhosis
- Congestive heart failure
- Diabetes diagnosis before age 50
- Diabetic complications
- Dialysis
- Down’s Syndrome
- Drug or alcohol abuse
- Felony conviction
- Heart attack
- Heart disease
- Heart procedure
- Hepatitis C
- Hospice
- Hospital or nursing home confinement
- Huntington’s Disease
- Lupus
- MDS (Myelodysplastic Syndrome)
- Mental disorders
- MS (Multiple Sclerosis)
- Organ or bone marrow transplant
- Oxygen equipment to assist with breathing
- Paraplegia
- Parkinson’s Disease
- Quadriplegia
- Scleroderma
- Sickle cell anemia
- Stroke or TIA
- Terminal diagnosis
- Unexplained weight loss
- Unknown diagnosis
- Unlawful drug use
- Wheelchair-bound
Mutual of Omaha Whole Life Insurance Calculator
The Living Promise Level plan has rock-bottom final expense insurance prices and will be lower than almost any other company.
FemaleMonthly Premium Non-Smoking Rates | |||
---|---|---|---|
Age | $10,000 | $15,000 | $20,000 |
45 | $23 | $32 | $42 |
50 | $24 | $35 | $45 |
55 | $28 | $40 | $52 |
60 | $33 | $48 | $63 |
65 | $41 | $60 | $79 |
70 | $53 | $78 | $103 |
75 | $72 | $107 | $142 |
80 | $98 | $146 | $194 |
85 | $136 | $202 | $269 |
MaleMonthly Premium Non-Smoking Rates | |||
---|---|---|---|
Age | $10,000 | $15,000 | $20,000 |
45 | $27 | $39 | $51 |
50 | $31 | $44 | $58 |
55 | $36 | $52 | $69 |
60 | $44 | $64 | $84 |
65 | $56 | $83 | $110 |
70 | $75 | $110 | $146 |
75 | $100 | $148 | $197 |
80 | $140 | $208 | $276 |
85 | $193 | $288 | $382 |


Plan 2: Living Promise – Graded
The Graded plan has a two-year waiting period with higher premiums than the Level plan. This is due to the lenient medical questions and more risk the insurance carrier will be taking on.
Graded Plan Details
- Age Eligibility: 45 – 80
- Coverage Amounts: $2,000 – $20,000 (WA $5,000 – $20,000)
- State Availability: 47 States (AR, MT, NC Not Included)
- Medical Exam: No
- Health Questions: Yes
- Waiting Period: 2-Years
- Permanent Coverage: Yes
- Builds a Cash Value: Yes
- Smoking Rates: Yes
Two-Year Waiting Period
The Graded plan has a more restricted waiting period because of the higher risk applicant receiving coverage. If death were to occur in the first or second policy year, all premiums paid would be returned to the beneficiary plus 10 percent. If the policyholder passes away after the two-year mark, the beneficiary will be awarded the entire coverage amount.
Higher Premiums
Due to the more lenient underwriting, Mutual of Omaha funeral insurance policyholders will be required to pay more for the monthly premium costs. Lower prices can be found from other companies like Aetna, with potential for immediate coverage.
Underwriting for the United of Omaha Burial Insurance Graded Plan
The medical questions are not as detailed and easier to qualify for. However, there is still a list of conditions that will result in denial.
The following are medical conditions that will result in denial of coverage.
- Activities of daily living
- AIDS, HIV, or ARC
- ALS (Lou Gehrig’s Disease)
- Alzheimer’s/Dementia
- Amputation due to diabetes
- Bedridden
- Cancer treatment or diagnosis within 2 years or recurrent (excluding basal or squamous cell)
- Cirrhosis
- Congestive heart failure
- Diabetic coma or Insulin shock
- Dialysis
- Down’s Syndrome
- Hospice
- Hospital or nursing home confinement
- Huntington’s Disease
- MDS (Myelodysplastic Syndrome)
- Mental incapacity
- Organ or bone marrow transplant
- Oxygen equipment to assist with breathing
- Paraplegia
- Quadriplegia
- Sickle cell anemia
- Terminal diagnosis
- Unknown diagnosis
- Wheelchair-bound
Graded Life Insurance Rates
The Graded Living Promise plan is at a higher price point than some of its competitors and actually has more strict underwriting guidelines than other carriers.
FemaleMonthly Premium Non-Smoking Rates | |||
---|---|---|---|
Age | $10,000 | $15,000 | $20,000 |
45 | $26 | $39 | $52 |
50 | $29 | $43 | $57 |
55 | $36 | $53 | $71 |
60 | $44 | $66 | $88 |
65 | $52 | $78 | $104 |
70 | $68 | $102 | $135 |
75 | $94 | $141 | $187 |
80 | $119 | $178 | $236 |
85 | NA | NA | NA |
MaleMonthly Premium Non-Smoking Rates | |||
---|---|---|---|
Age | $10,000 | $15,000 | $20,000 |
45 | $35 | $52 | $69 |
50 | $40 | $59 | $79 |
55 | $47 | $70 | $93 |
60 | $54 | $80 | $107 |
65 | $65 | $97 | $128 |
70 | $84 | $125 | $167 |
75 | $109 | $163 | $217 |
80 | $143 | $214 | $285 |
85 | NA | NA | NA |


Plan 3: Guaranteed Issue
The Mutual of Omaha Guaranteed Acceptance plan asks no questions and has very competitive prices. This plan is designed for anyone with a chronic or terminal illness.
Guaranteed Issue Plan Details
- Age Eligibility: 45 – 85 (NY 50 – 75)
- Coverage Amounts: $2,000 – $25,000 (WA $5,000 – $25,000)
- State Availability: All 50
- Medical Exam: No
- Health Questions: No
- Waiting Period: 2-Years
- Permanent Coverage: Yes
- Builds a Cash Value: Yes
- Smoking Rates: No
No Medical Questions
Asking no medical questions and approving every applicant, this plan is designed for those with chronic or recent serious medical conditions.
This plan is right for seniors with the following medical conditions:
- AIDS, HIV, or ARC
- Alzheimer’s or Dementia
- Bedridden or Nursing home confinement
- Current invasive cancer
- Recent kidney dialysis
- Recent defibrillator implant
- Recent organ transplant
- Terminal illness or Hospice
- 24-hour oxygen use
Two-Year Waiting Period
With all guaranteed acceptance policies on the market, there will be a waiting period. The shortest waiting period available is two years, making this policy from United of Omaha competitive in this regard.
Competitive Guaranteed Issue Premiums
The Mutual of Omaha Whole Life Guaranteed Acceptance plan offers extremely competitive monthly premiums. For any senior in need of a no medical question policy, this is a great option.
FemaleMonthly Premium | |||
---|---|---|---|
Age | $10,000 | $15,000 | $20,000 |
45 | $27 | $40 | $53 |
50 | $30 | $45 | $59 |
55 | $38 | $56 | $74 |
60 | $42 | $63 | $83 |
65 | $51 | $76 | $101 |
70 | $69 | $103 | $137 |
75 | $98 | $147 | $195 |
80 | $140 | $209 | $278 |
85 | $140 | $209 | $278 |
MaleMonthly Premium | |||
---|---|---|---|
Age | $10,000 | $15,000 | $20,000 |
45 | $33 | $48 | $64 |
50 | $36 | $54 | $71 |
55 | $45 | $67 | $89 |
60 | $55 | $82 | $109 |
65 | $66 | $99 | $131 |
70 | $89 | $133 | $177 |
75 | $121 | $181 | $241 |
80 | $166 | $249 | $331 |
85 | $166 | $249 | $331 |
Living Promise Health Questions
The questions below are asked on the Living Promise application. Section 1 qualifies you for Graded, and section 2 qualifies you for Level.
If you answer “YES” to any question in section one, you will be denied coverage for the Living Promise plan.
If you answer “NO” to section 1 questions, continue to section 2 to determine eligibility.
Section 1:
1. Is the Proposed Insured currently:
(a) bedridden or confined to any hospital, nursing home, long-term care facility, or skilled nursing facility; or receiving or been advised to receive care in a nursing home, hospice care, or home health care?
(b) requiring assistance with activities of daily living such as taking medications, bathing, dressing, eating, toileting, getting in and out of a chair or bed, or control of bowel or bladder problems?
(c) requiring any of the following (other than for fractures, bone or joint surgery, including replacement): wheelchair, electric scooter, or oxygen equipment to assist breathing (excluding use for sleep apnea)?
2. Has the Proposed Insured ever been:
(a) diagnosed as having Acquired Immune Deficiency Syndrome (AIDS), AIDS Related Complex (ARC), or Human Immunodeficiency Virus (HIV) Infection (symptomatic or asymptomatic) or been treated for AIDS, ARC, or HIV by a physician or health care provider?
(b) diagnosed with, been treated for or advised by a physician or health care provider to receive treatment for Alzheimer’s Disease, Dementia, Huntington’s Disease, Sickle Cell Anemia, Myelodysplastic Syndrome (MDS), Lou Gehrig’s Disease (ALS), Quadriplegia, Paraplegia, Down’s Syndrome, mental incapacity, congestive heart failure, Cirrhosis, Metastatic Cancer or Recurrent Cancer of the same type?
(c) diagnosed with insulin shock, diabetic coma, or had an amputation due to diabetic complications or diagnosed with End-Stage Renal Disease or requiring dialysis?
(d) advised to receive or have received an organ or bone marrow transplant?
(e) diagnosed by a physician or health care provider as having a terminal medical condition that is expected to result in death within the next twelve 12 months?
3. In the past 12 months, has the Proposed Insured been:
(a) advised by a physician to have a surgical operation, diagnostic testing other than for routine screening purposes or for those related to HIV/AIDS, treatment, hospitalization, or other procedure which has not been done or for which results are not known?
(b) diagnosed by a physician or health care provider as having heart disease or heart surgery of any kind?
4. In the past 2 years, has the Proposed Insured been diagnosed with, been treated for, or advised by a physician or health care provider to receive treatment for any form of cancer (except basal or squamous cell skin cancer)?
If you answered “YES” to any of the section 1 questions, do not continue with the Living Promise application. Speak with an independent agent to find your best plan option.
If you answered “NO” to all of the above questions, continue to section 2.
Section 2:
5. Has the Proposed Insured ever (a) received care or treatment for, or (b) been advised by a physician or health care provider to seek treatment for:
(a) Diabetes before age 50 or diabetes at any age with complications of Retinopathy (eye), Nephropathy (kidney), Neuropathy (nerve), or Peripheral Vascular Disease (PVD or PAD)?
(b) Hepatitis C?
(c) Chronic Lung Disease, including Chronic Obstructive Pulmonary Disease (COPD), Chronic Bronchitis, Emphysema, or Sarcoidosis?
6. In the past 4 years, has the Proposed Insured: (a) received care or treatment for, or (b) been advised by a physician or health care provider to seek treatment for:
(a) Cancer, Leukemia, Melanoma, or any other internal cancer (except basal or squamous cell skin cancer)?
(b) Chronic Kidney Disease, Systemic Lupus, or Scleroderma?
(c) Bipolar Depression, Schizophrenia, Parkinson’s Disease, or Multiple Sclerosis?
7. In the past 2 years, has the Proposed Insured: (a) received care or treatment for, or (b) been advised by a physician or health care provider to seek treatment for:
(a) Coronary Artery Disease, Heart Attack, Coronary Artery Bypass Surgery, Angioplasty, Cardiomyopathy, irregular heart rhythm, or Valvular Heart Disease with surgical repair or replacement?
(b) Stroke or Transient Ischemic Attack (TIA)?
8. In the past 2 years, has the Proposed Insured:
(a) been convicted of or currently awaiting trial for a felony?
(b) been treated for or advised to have treatment for alcohol or drug abuse or convicted more than once of reckless driving or driving under the influence of drugs or alcohol?
(c) used unlawful drugs in any form or abused or misused prescription drugs?
9. In the past 2 years, has the Proposed Insured been hospitalized by a physician or health care provider for any mental or nervous disorder?
10. In the past 12 months, has the Proposed Insured consulted a physician for chronic cough, unexplained weight loss greater than 10 pounds, fatigue, or unexplained gastrointestinal bleeding?
If you answer “NO” to all the questions, you qualify for Level. If you answer “YES” to any questions in section 2, you are eligible for the Graded plan.
Mutual Of Omaha Final Expense Insurance FAQ’s
The following questions are frequently asked by seniors and family members about Mutual of Omaha’s senior final expense program.
Is Mutual of Omaha and United of Omaha the Same Company?
When you take out a life insurance policy with United of Omaha, it has the full financial support and backing of Mutual of Omaha Insurance. Mutual of Omaha is the parent company to a group of subsidiary companies that they control, and United of Omaha is one of these companies.
Is Mutual of Omaha Life Insurance Any Good?
Mutual of Omaha has been in the financial services industry since 1909. Over these years, their reputation and brand have grown year over year. The Living Promise life insurance plan, in particular, is a top option for any senior in need of a small, affordable permanent life insurance plan to cover final expenses.
What is Mutual of Omaha Living Promise?
As a top senior life insurance option, the Living Promise plan offers affordable premiums and permanent coverage to the elderly. For a simple, low-cost monthly payment, families will have financial protection to cover the costs associated with death. This allows loved ones to celebrate the life of the deceased rather than take on a financial burden.
Is Mutual of Omaha a Reputable Company?
Mutual of Omaha has represented its self as a high integrity organization. With top-tier products and great customer service, this is a company you can trust with your financial interests.
Final Thoughts
a. This Mutual of Omaha final expense insurance review has shown that their senior life insurance products are top options. The Living Promise Level plan is the best plan on the market and should be used if the applicant can qualify.
b. For over 110 years, Mutual of Omaha has been a respected brand, and policyholders can feel confident their provider is financially stable and has top-tier business ethics.
At Willamette Life, our job is to find the best funeral insurance plan and the lowest price for each applicant.
Give us a call at 844-576-0019
Stacie manages the content for Willamette Life by keeping it up to date and accurate. By taking the questions frequently asked by clients she has been able to assist in developing a series of blogs that will hopefully be able to help more people than just those we are able to speak with.
We would be happy to answer your specific questions if there is anything we haven’t covered yet.