- Low rates relative to other insurance companies.
- Seniors over 80 can apply.
- Coverage with no waiting period is available without having to take a medical exam.
- You must verbally speak with an agent to get the lowest price.
- All forms of tobacco or nicotine (even vaping) will increase the cost.
- There is no option to take an exam or provide medical records to potentially qualify for lower rates on the final expense insurance options.
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-.
Moody’s Investors Service rates the creditworthiness of companies. The Moody’s Rating Scale has 21 possible scores ranging from “Aaa” (highest mark) down to “C” (lowest mark).
S&P Global Inc. issues credit ratings on a scale from “AAA” (highest rating) to “D” (lowest rating).
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.
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.
They’re an A+ rated company with A.M. Best and are known to be one of the largest and most financially secure insurers in the nation.
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.
Age & Gender | $10,000 | $25,000 | $50,000 |
---|---|---|---|
Female age 45 | $23 | $52 | $100 |
Male age 45 | $27 | $63 | $123 |
Female age 50 | $24 | $56 | $109 |
Male age 50 | $31 | $72 | $141 |
Female age 55 | $28 | $64 | $126 |
Male age 55 | $36 | $85 | $167 |
Female age 60 | $33 | $77 | $152 |
Male age 60 | $43 | $105 | $206 |
Female age 65 | $41 | $98 | $192 |
Male age 65 | $54 | $136 | $270 |
Female age 70 | $53 | $128 | $253 |
Male age 70 | $70 | $182 | $360 |
Female age 75 | $71 | $176 | $349 |
Male age 75 | $97 | $245 | $487 |
Female age 80 | $98 | $241 | $479 |
Male age 80 | $135 | $345 | $686 |
Female age 85 | $136 | $335 | $667 |
Male age 85 | $178 | $477 | $951 |
Source for monthly prices: Choice Mutual quote calculator. Rates are calculated at a non-tobacco rating, rounded to the nearest dollar, and are valid as of 10/15/2024. |
Guaranteed Acceptance Whole Life Rate Chart
Below a rate chart for Mutual of Omaha’s guaranteed acceptance whole life insurance.
Age & Gender | $10,000 | $20,000 | $25,000 |
---|---|---|---|
Female age 45 | $28 | $55 | $68 |
Male age 45 | $36 | $72 | $90 |
Female age 50 | $30 | $60 | $75 |
Male age 50 | $40 | $79 | $99 |
Female age 55 | $38 | $74 | $92 |
Male age 55 | $45 | $90 | $112 |
Female age 60 | $43 | $84 | $105 |
Male age 60 | $57 | $113 | $141 |
Female age 65 | $50 | $99 | $124 |
Male age 65 | $69 | $136 | $170 |
Female age 70 | $64 | $127 | $158 |
Male age 70 | $87 | $172 | $215 |
Female age 75 | $89 | $176 | $220 |
Male age 75 | $113 | $226 | $282 |
Female age 80 | $127 | $253 | $316 |
Male age 80 | $157 | $313 | $391 |
Female age 85 | $158 | $314 | $393 |
Male age 85 | $193 | $384 | $480 |
Source for monthly prices: Choice Mutual quote calculator. Rates are calculated at a non-tobacco rating, rounded to the nearest dollar, and are valid as of 07/25/2024. |
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.
Remember that Mutual of Omaha life insurance for seniors differs depending on whether you call the company directly or work with one of their licensed agents.
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 provide accurate information. You can learn more about our editorial standards, which guide our mission of delivering factual and impartial content.
- A.M. Best. https://news.ambest.com/newscontent.aspx?refnum=248191&altsrc=23
- Moody's. https://www.mutualofomaha.com/about/financial-strength/ratings
- S&P Global. https://www.mutualofomaha.com/about/financial-strength/ratings
- BBB. https://www.bbb.org/us/ne/omaha/profile/insurance-companies/mutual-of-omaha-0714-104000434
- Trustpilot. https://www.trustpilot.com/review/mutualofomaha.com
- Google. https://www.google.com/maps/place/United+of+Omaha+Life+Insurance+Co./@41.2919772,-96.3930632,11z/data=!4m10!1m2!2m1!1sMutual+of+Omaha!3m6!1s0x87938faddb631741:0x1c63fb3068a9098d!8m2!3d41.2585725!4d-95.9622597!15sCg9NdXR1YWwgb2YgT21haGEiA4gBAZIBEGluc3VyYW5jZV9hZ2VuY3ngAQA!16s%2Fg%2F1hc7zdp8w?entry=ttu
- Yelp. https://www.yelp.com/biz/mutual-of-omaha-omaha-6
- Facebook. https://www.facebook.com/mutualofomaha
- NAIC Complaint Index. https://content.naic.org/cis_refined_results.htm?TABLEAU=CIS_COMPLAINTS&COCODE=69868&REALM=PROD&COCODE=69868&REALM=PROD
- BBB Score & Accreditation. https://www.bbb.org/us/ne/omaha/profile/insurance-companies/mutual-of-omaha-0714-104000434
- Mutual of Omaha’s guaranteed acceptance. https://www.mutualofomaha.com/promo/life-insurance/457026#quote