Choice Mutual Rating

Choice Mutual’s ratings are determined by our editorial team. The scoring formula considers consumer experience, policy cost, underwriting criteria, the insurer’s financial strength ratings, and complaint data.

Learn the eligibility requirements, see sample premiums by age, the pros and cons, and how to apply.

We’ll also explain the difference between working with an agent versus buying directly from the company online or via mail.

How Does Mutual Of Omaha Final Expense Insurance Work?

Mutual of Omaha

Founding Year: 1909
Choice Mutual Rating

Choice Mutual’s ratings are determined by our editorial team. The scoring formula considers consumer experience, policy cost, underwriting criteria, the insurer’s financial strength ratings, and complaint data.

AM Best’s Financial Strength Rating (FSR) is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. The scores range from A++ to D-.

The BBB rating is based on information BBB is able to obtain about the business, including complaints received from the public. BBB seeks and uses information directly from businesses and from public data sources. BBB assigns ratings from A+ (highest) to F (lowest). If a business has been accredited by the BBB, it means BBB has determined that the business meets accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints.

The Complaint Index compares a company’s performance to other companies in the market. The National Complaint Index is always 1.00. That means a company with a complaint index of 2.00 is twice as high as expected in the market. Reported scores are for the most recently available year and for “Individual Life” products.

Mutual of Omaha burial insurance is a whole life insurance policy with coverage amounts from $2,000 up to $50,000. To qualify, you only have to answer some medical questions (no exam is required).

The full death benefit is payable immediately if you’re approved for the level benefit plan. That means you’re covered right away for natural causes or accidental death.

Mutual of Omaha is also known as “United of Omaha”.

The policy pays out a tax-free cash payment to your loved ones or funeral home to pay for a burial, cremation, outstanding debts, or any other end-of-life expenses. Also, any leftover money will remain with the beneficiaries.

Policy Type: Whole Life Insurance
New Applicant Age Range: 45-85
2-Year Waiting Period: No (subject to underwriting approval)
Coverage Amount Range: $2,000-$50,000
States Available: All States (except New York)
Premiums Stay the Same Forever: Yes
Builds Cash Value: Yes
Policy Duration: Lifetime
Accelerated Death Benefit: This free rider is automatically included. You can access the full death benefit while alive if the insured has a terminal illness or is under nursing home confinement.
Optional Riders: Accidental Death (2X the payout for accidental death)
Where to Apply: Agencies licensed to sell Mutual of Omaha products (you can't buy this plan directly from them)
Phone Number to Apply: 1-800-644-2926
Medical Exam Required: No
Guaranteed Acceptance: No
Application Approval Time: 10 Minutes to 2 Business Days
Common health conditions still eligible for no waiting period coverage:

Blood clots > 2 years ago
Blood thinners
Cancer > 4 years ago
Circulatory surgery > 2 years ago
Crohn’s disease
Diabetes (type 2)
Grave’s disease
Heart attack > 2 years ago
Heart surgery > 2 years ago
Hepatitis A or B
High blood pressure
High cholesterol
Sleep apnea
Squamous/basal cell skin cancer
Stroke/TIA > 2 years ago
Tumors (non-cancerous)


The first-day coverage option (no waiting period)

United of Omaha’s final expense policy for seniors offering full day-one coverage is called “Living Promise.”

Mutual of Omaha Living Promise has two health ratings- the level death benefit and the graded death benefit.

The level benefit has no waiting period, meaning you’re fully insured for natural or accidental death on the day you make your first payment.

To qualify for the level plan, you must be able to say no to all these health questions and have a height-to-weight ratio within these guidelines.

You cannot buy this policy directly from Mutual of Omaha Life Insurance Company. It’s only sold through licensed Mutual of Omaha agencies such as Choice Mutual.

If you want to find out if you’re eligible for this insurance coverage, call us at 1-800-644-2926.

Choice Mutual is authorized to sell Mutual of Omaha final expense life insurance.

We’ll answer all your questions, provide quotes, and assist you with the application process.


The graded plan (has a 2-year waiting period)

They also have a plan with a two-year waiting period called the “graded plan.”

The graded plan is modified whole life insurance coverage, so if you die during the first two years (except from an accident), Mutual of Omaha will refund 110% of your premiums. It’s also more costly than the level benefit option.

You will be offered the graded plan if you have any of these health conditions.


How Much Does Mutual of Omaha Burial Insurance Cost?

Below is a Mutual of Omaha life insurance rate chart showing some sample final expense quotes. All prices are monthly premiums.

Age & Gender$10,000$25,000$50,000
Female age 45$23$52$100
Female age 50$24$56$109
Female age 55$28$64$126
Female age 60$33$77$152
Female age 65$41$98$192
Female age 70$53$128$253
Female age 75$71$176$349
Female age 80$98$241$479
Female age 85$136$335$667
Male age 45$27$63$123
Male age 50$31$72$141
Male age 55$36$85$167
Male age 60$43$105$206
Male age 65$54$136$270
Male age 70$70$182$360
Male age 75$97$245$487
Male age 80$135$345$686
Male age 85$178$477$951


Pros And Cons Mutual Of Omaha Burial Coverage

The Good
  • Low prices
  • High coverage amounts (up to $50K)
  • No waiting period coverage is available
  • Lenient underwriting that accepts many health issues
  • Diabetic-friendly, including insulin usage
  • New applicants as old as 85 can apply
  • Accidental death rider option
  • Fast underwriting (approvals are typically less than 24 hours)
  • Best in class financial strength (A+ A.M. Best rating)
  • Online access to view and manage your policy
  • Both physical and digital (PDF) copies of the policy are mailed out
  • Policyholders can manage their policy online (most insurance providers don’t offer this)
  • You can change beneficiaries via verbal authorization (most companies require paper forms signed)
  • Can have unlimited primary and contingent (backup) beneficiaries
The Bad
  • Not available in New York
  • 2-year waiting period for any of these health issues
  • You must verbally speak with an agent to apply
  • Not guaranteed issue (eligibility depends on your health)
  • They will randomly select applicants for a phone interview to clarify some of your medical information
  • Cannot mail in monthly payments
  • Direct Express cards are not accepted
  • There is a waiting period for people with diabetes before the age of 45


Using A Licensed Agent Vs. Dealing With Mutual Of Omaha Directly

There is a big difference between calling Mutual of Omaha’s home office versus talking with one of their licensed agencies.

Please note that any offer you see from Mutual of Omaha through the mail or TV is an offer for their guaranteed acceptance policy.

As you can see from the table below, options for Mutual of Omaha life insurance for seniors are very different depending on how you buy.

Plan DetailsMutual Of Omaha
Licensed Mutual Of Omaha
Coverage Options$2,000- $25,000$2,000- $50,000
$10,000 Rate For 65 Year Old Female (Non-Tobacco)$50.00$41.01
2-Year Waiting PeriodYesNo
Option For Double Death Benefit For Accidental DeathNoYes
Medical ExamNo
Guaranteed AcceptanceYesNo
Health QuestionsNoYes
States AvailableAll (Max age of 75 in New York)All except New York

If you want to speak with a licensed Mutual of Omaha agency, call us at 1-800-644-2926.


Tips For Finding The Best Life Insurance Company

When shopping for a burial insurance policy, it’s essential that you compare offers from multiple providers. No single life insurance company can have the best product for everyone.

It’s also helpful to remember that nearly all funeral insurance policies are sold only via licensed agents.

Insurance carriers that allow you to buy their products directly from them (rather than via an agent) typically only offer guaranteed issue life insurance plans that make you wait two years before you’re covered. Colonial Penn, AAA, and USAA are three famous examples.

Those options can be bought online directly from the company. However, they are all guaranteed acceptance plans with a two-year waiting period.

So, to find the best permanent life insurance to cover funeral expenses, work with a reputable independent agency representing numerous companies.

Then, let them assist you in finding the best policy.

We give you this advice because:

  • Only independent agencies offer the least expensive plans that have no waiting period.
  • An independent agency will compare offers from multiple carriers to see which has the best plan for you.

If you try to “not deal with an agent,” be prepared to pay more and wait two to three years before you’re insured.

Independent agents are your advocates. They exist to find you the best plan possible regardless of which insurer issues the policy.


Mutual Of Omaha Company Background

Based out of Omaha, Nebraska, Mutual of Omaha has been in business since 1909.

They are a big insurance company that offers many different types of insurance.

They offer term life insurance, whole & universal life, medicare insurance, long-term care insurance, dental insurance, accidental death insurance, and much more.

All life insurance (including Mutual Omaha burial insurance) issued from Mutual of Omaha will appear as “United of Omaha” on the paperwork.

United of Omaha and Mutual of Omaha are the same company.

They issue all their life products under the name United of Omaha.

To say they are financially stable would be an understatement. They have the highest financial ratings an insurance company can get.

Here are their scores with some notable rating agencies:

You can count on them being able to pay their claim when that time comes.

Here is Mutual of Omaha’s contact info:

  • Website:
  • Phone number: 1-800-775-6000
  • Corporate address: 3300 Mutual of Omaha Plaza, Omaha, NE 68175


Frequently Asked Questions

To be eligible for their level death benefit, yes, they will check your MIB file. Mutual of Omaha qualifies people for their Living Promise plan by:

  • Asking the health questions
  • Checking your prescription history
  • Analyzing your MIB file

If your MIB file has inaccurate information, you can amend your file to get it corrected. Go to the MIB website to order your report. Once you get it and identify the errors, contact MIB to begin the process of fixing it.

At the same time, if your MIB file has been hindering your ability to acquire final expense insurance, call us at 1-800-644-2926. Not every insurance company responds to MIB the same way. We may just be able to identify a carrier that will approve you despite your file. We’ve done this many times.

United of Omaha only sells its immediate coverage policy via licensed agencies. They do not sell it directly. If you call Mutual of Omaha directly, their guaranteed acceptance plan is the only product they can offer you, which has a two-year waiting period (and generally costs more).

Truthfully, you should let an agent diagnose if you’ll qualify or not. The underwriting is simple, but there are nuances that only an agent is familiar with. That said, look at these health questions. If you have any of those conditions, you will not qualify for their level benefit.

No. You can only purchase United of Omaha’s final expense insurance by speaking with an agent. There is no way to apply online without speaking with an agent.

There is no medical exam to qualify for Living Promise from Mutual of Omaha. However, you will have to answer health questions. If approved, there is no waiting period.