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.

If you need a burial insurance policy, this plan is undoubtedly your best option if you qualify.

This review will explain how the policy works, the cost, and how to qualify and buy it.

How Does Mutual Of Omaha Living Promise Whole Life Insurance Work?

Mutual Of Omaha Living Promise is a no-medical exam whole life insurance policy that covers your funeral expenses. Seniors aged 45-85 can apply for up to $50,000 in coverage, and there’s no waiting period if you’re approved for the level death benefit.

Most seniors buy Living Promise whole life insurance to ensure their funeral costs won’t burden their loved ones. It’s still life insurance, so you can purchase the policy for any reason.

United of Omaha will merely pay out tax-free cash to the beneficiaries of your choice, which they can use any way they please.

Below is a detailed breakdown of all the features and policy limitations.


Founding Year: 1909
A.M. Best

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
Terminal Illness Rider: If you are diagnosed with a terminal illness and given 12 months or less to live, you can access up to 50% of your death benefit. There is no cost for this rider.
Nursing Home Confinement Rider: You can receive up to 50% of your death benefit if you are confined to a nursing home for 90 consecutive days. There is no cost for this rider.
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 3 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 level death benefit (no waiting period)

Living Promise coverage has two different benefit plans.

The first and least expensive option is the “Level Death Benefit.”

If you’re approved for this option, you’ll have no waiting period.

That means you’d be 100% insured for natural or accidental death the day you make your first payment.

Eligibility for the level death benefit is based on your answers to the health questionnaire.

You must be able to respond with a no answer to all health questions (except the tobacco question) in the application.

Like most Mutual of Omaha senior life insurance, you can add the accidental death rider for an additional few dollars per month.

With this rider, Mutual of Omaha will pay out 200% of the death benefit if you die from an accident.


The graded death benefit

Mutual of Omaha will offer you the “Graded Death Benefit” if you respond with a yes answer to questions 5-10 in the application.

The graded benefit has a two-year waiting period.

If you die during the first 24 months, Mutual of Omaha will refund 110% of your premiums.

If you have any health conditions that warrant the graded plan, it’s likely better to apply with another insurance company. Mutual of Omaha is one of the best final expense companies. But if you have any health issues in questions 5-10 of the application, they are not the best for you. Call us at 1-800-644-2926, and we’ll find you another carrier that will very likely offer you a better price and coverage with no waiting period.

However, if you die from an accident in the first two years, the full death benefit will pay out.

In addition to the waiting period, the graded plan is more expensive than the level plan.

Below is a Mutual of Omaha rate table showing some sample prices comparing the level and graded plans side by side.

AGELevel Benefit
Female $10,000
Graded Benefit
Female $10,000
Level Benefit
Male $10,000
Graded Benefit
Male $10,000


How Much Does Mutual Of Omaha Living Promise Cost?

Living Promise from United of Omaha typically costs $20-$200 monthly, depending on your insurability factors.

The net price you’ll pay is based on your exact age, gender, resident state, tobacco usage (if any), health, and the amount of coverage you want.

The table below has some sample Living Promise final expense life insurance quotes.

The prices shown are for non-tobacco users applying for the level death benefit.

AGEFemale $10,000
Male 10,000
Female $20,000
Male $20,000


Should You Buy This Policy?

Many companies offer death insurance for seniors. Generally speaking, if you can qualify for the Living Promise level death benefit, it’s probably your best option.

There are three main reasons why we make this claim.

First, Mutual of Omaha final expense insurance premiums are usually the lowest relative to other insurance providers.

Second, their level plan has no waiting period.

Many insurance companies, such as the 9.95 plan from Colonial Penn, give everyone a two-year waiting period.

Lastly, they add on living benefits at no extra charge.

The accelerated death benefit rider allows you to access up to 50% of your coverage while alive.

This rider is triggered if you’re diagnosed with a terminal illness or are confined to a nursing home for 90 days.

This rider is free. You don’t pay extra for it.

In summary, Living Promise offers some of the lowest premiums, no waiting period, and living benefits.


How To Buy Living Promise Whole Life Insurance

Mutual of Omaha sells Living Promise whole life insurance through licensed agencies.

You cannot buy it through the mail, on their website, or by calling Mutual of Omaha.

For example, let’s if you call Mutual of Omaha’s customer service phone number (1-800-228-7104) and tell them you want to buy Living Promise coverage.

They will inform you that you must find a licensed Mutual of Omaha agent.

Mutual of Omaha does have an internal sales call center. However, their internal call center representatives can only offer you their guaranteed acceptance final expense coverage (not Living Promise). It’s a no health questions plan that comes with a two-year waiting period before you’re insured. Additionally, it’s more expensive than their Living Promise whole life plan.

If you’re interested in getting quotes, asking questions, or buying Living Promise final expense insurance, call us at 1-800-644-2926.

Choice Mutual is a licensed Mutual of Omaha agency.


Mutual Of Omaha Company Background

Mutual of Omaha has been in business since 1909.

They offer many types of insurance, including term life, whole life, universal life, long-term care, dental, accidental death, and Medicare supplements, to name a few.

It’s important to remember that all life insurance products offered by Mutual of Omaha will be issued under the name “United of Omaha.”

Mutual of Omaha has some of the highest financial ratings in the nation.

Below you can see how various rating agencies scored them:

You can trust that Mutual of Omaha will be in business for a very long time and be capable of paying their claims as they come in.

Here is the contact information for Mutual of Omaha:

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


Frequently Asked Questions

Living Promise is not guaranteed acceptance. No medical exam is required. However, eligibility is based on your answers to the health questionnaire, height and weight, and medication history.

Living Promise is a no-exam whole life final expense insurance policy from Mutual of Omaha. The policy pays a tax-free cash benefit to cover all final expenses. Although, the payout money can be used for any purpose. Coverage options range from $2,000-$50,000, and applicants 45-85 are eligible to apply.

To buy Living Promise from Mutual of Omaha, you must speak with a licensed agent. Your agent must provide the necessary disclosures and read you the health questions. Mutual of Omaha does not allow Living Promise to be sold entirely online or through the mail.

United of Omaha and Mutual of Omaha are the same company. Mutual of Omaha offers many types of coverage, including life, health, and disability insurance. All their life insurance products are filed with each department of insurance as United of Omaha. If you buy any life insurance from Mutual of Omaha, the policy will instead say “United of Omaha.” Furthermore, your bank statement will show a deduction from United of Omaha. The only exception to this rule is when you buy a life product in New York. In New York, Mutual of Omaha life products are filed under the name Companion Life Insurance Company.

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.

  1. A.M. Best.
  2. Moody’s.
  3. S&P Global.
  4. Better Business Bureau.
  6. same company.