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.
Refer to the rate charts below to see how much Mutual of Omaha life insurance for seniors costs for ages 45-85.
You can also use this quoting tool to see prices for any coverage amount between $2,000-$50,000.
Final Expense Whole Life Insurance Rate Chart
Below is a whole life rate table for Mutual of Omaha Living Promise burial insurance with no waiting period. Your monthly premiums will be higher if you’ve used tobacco or nicotine within the last 12 months.
Female
| Age | $10,000 | $25,000 | $50,000 |
|---|---|---|---|
| 45 | $22.61 | $51.71 | $100.21 |
| 50 | $24.31 | $55.96 | $108.71 |
| 55 | $27.71 | $64.46 | $125.71 |
| 60 | $32.87 | $77.36 | $151.52 |
| 65 | $41.01 | $97.72 | $192.24 |
| 70 | $53.24 | $128.29 | $253.38 |
| 75 | $72.41 | $176.22 | $349.24 |
| 80 | $98.43 | $241.28 | $479.35 |
| 85 | $135.90 | $334.95 | $666.70 |
| See customized quote for any age and coverage amount | |||
Male
| Age | $10,000 | $25,000 | $50,000 |
|---|---|---|---|
| 45 | $27.11 | $62.97 | $122.73 |
| 50 | $30.68 | $71.89 | $140.58 |
| 55 | $35.95 | $85.06 | $166.92 |
| 60 | $43.76 | $104.60 | $205.99 |
| 65 | $56.48 | $136.39 | $269.58 |
| 70 | $74.61 | $181.72 | $360.23 |
| 75 | $99.97 | $245.13 | $487.05 |
| 80 | $139.73 | $344.52 | $685.83 |
| 85 | $192.74 | $477.04 | $950.88 |
| See customized quote for any age and coverage amount | |||
Guaranteed Acceptance Whole Life Rate Chart
Below are monthly rates for Mutual of Omaha’s guaranteed acceptance whole life insurance. The price for guaranteed acceptance coverage does not change if you use tobacco products.
Female
| Age | $10,000 | $15,000 | $25,000 |
|---|---|---|---|
| 45 | $27.90 | $41.35 | $68.25 |
| 50 | $30.40 | $45.10 | $74.50 |
| 55 | $37.50 | $55.75 | $92.25 |
| 60 | $42.70 | $63.55 | $105.25 |
| 65 | $50.00 | $74.50 | $123.50 |
| 70 | $63.90 | $95.35 | $158.25 |
| 75 | $88.50 | $132.25 | $219.75 |
| 80 | $126.90 | $189.85 | $315.75 |
| 85 | $157.70 | $236.05 | $392.75 |
| See customized quote for any age and coverage amount | |||
Male
| Age | $10,000 | $15,000 | $25,000 |
|---|---|---|---|
| 45 | $36.40 | $54.10 | $89.50 |
| 50 | $40.20 | $59.80 | $99.00 |
| 55 | $45.40 | $67.60 | $112.00 |
| 60 | $56.90 | $84.85 | $140.75 |
| 65 | $68.50 | $102.25 | $169.75 |
| 70 | $86.70 | $129.55 | $215.25 |
| 75 | $113.30 | $169.45 | $281.75 |
| 80 | $157.10 | $235.15 | $391.25 |
| 85 | $192.70 | $288.55 | $480.25 |
| See customized quote for any age and coverage amount | |||
Is Mutual Of Omaha The Best For Seniors?
Mutual of Omaha final expense insurance is widely considered to be the best burial insurance for seniors. Their Living Promise product has no waiting period and is usually cheaper than most other burial insurance companies.
For example, Mutual of Omaha is less expensive than the AARP life insurance program, Colonial Penn, Trustage, and many others.
If you work with a licensed Mutual of Omaha agent, you can buy up to $50,000 in no waiting period coverage. However, if you call Mutual of Omaha directly, you’re limited to $25,000 and will be subject to a two-year waiting period.
| Plan Details | Mutual Of Omaha Direct | Licensed Mutual Of Omaha Agencies |
|---|---|---|
| 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 Period | Yes | No |
| Option For Double Death Benefit For Accidental Death | No | Yes |
| Medical Exam | No | |
| Guaranteed Acceptance | Yes | No |
| Health Questions | No | Yes |
| States Available | All (Max age of 75 in New York) | All except New York |
Frequently Asked Questions
Some Mutual of Omaha life insurance products consider your health when determining the price, and some do not. The only product not affected by your health is their guaranteed acceptance of whole life insurance.
Most Mutual of Omaha life insurance products don’t require a medical exam. No medical exam is usually needed unless you want to buy over $500,000 in coverage.
Mutual of Omaha’s final expense insurance offers up to $50,000 in coverage when bought through an agent. If you opt to buy online or through the mail, you’re limited to $25,000.
Mutual of Omaha final expense insurance typically costs $20-$200 monthly for a $10,000-$20,000 policy. The cost of final expense insurance is based on your age, health, gender, tobacco habits, and how much coverage you want.
Choice Mutual often cites third-party websites to provide context and verification for specific claims made in our work. We only link to authoritative websites that are known to provide accurate information. You can learn more about our editorial standards, which guides our mission of delivering factual and impartial content.
- Mutual of Omaha's guaranteed acceptance. https://www.mutualofomaha.com/promo/life-insurance/457026#quote
