Does Mutual of Omaha Offer the Best Burial Insurance? A 2025 Review
Written by Daniel Ray, Life Insurance Expert |
✅
Fact Checked by
Lisamarie Monaco |
Editorial Disclosure
Planning ahead for end-of-life expenses can help protect your loved ones from unexpected financial burdens.
Mutual of Omaha Burial Insurance, part of their Living Promise final expense policy, offers seniors an affordable way to cover funeral and burial costs.
But is it the best option for you?
In this guide, we’ll explore coverage options, pricing, benefits, and customer reviews to help you decide.
What Is Mutual of Omaha Burial Insurance
Mutual of Omaha offers Living Promise burial insurance, a whole life insurance policy designed for seniors who want to cover funeral and final expenses.
✅ Guaranteed Coverage – No term limits; policy remains active for life.
✅ Fixed Premiums – Your rates never increase.
✅ No Medical Exam – Approval is based on health history.
✅ Cash Value Growth – Builds cash value over time.
There are two plan options:
- Level Benefit Plan: Provides full coverage from day one for eligible applicants.
- Graded Benefit Plan: Has a 2-year waiting period, with limited payouts in the first two years.
*Ballpark Quote
Why Choose Mutual of Omaha for Burial Insurance?
Mutual of Omaha has established a strong reputation for providing reliable insurance solutions. Their burial insurance plans are designed with seniors in mind, offering flexible coverage options and affordable rates.
Choosing Mutual of Omaha as the best choice for insurance and financial services depends on various factors, including your personal needs, preferences, and financial goals.
Here are some reasons why someone might consider Mutual of Omaha as a preferred option:
Mutual of Omaha Burial Insurance Rates (2025)
Pricing for Mutual of Omaha Burial Insurance varies based on age, gender, and coverage amount. Below is an estimated rate chart for non-smokers:
Female Rates
Male Rates
*Ballpark Quote
💡 Tip: Rates for smokers are higher, and pricing varies by state.
Pros & Cons of Mutual of Omaha Burial Insurance
✅ Pros
✔ Strong Financial Ratings – A+ (Superior) from A.M. Best
✔ No Medical Exam Required – Simple underwriting process
✔ Affordable Fixed Premiums – Rates never increase
✔ Builds Cash Value – Can be borrowed against
❌ Cons
❌ Waiting Period for Graded Plan – Limited payout if you have serious health issues
❌ Not Available in NY – Living Promise is not offered in New York
Mutual of Omaha Burial Insurance Reviews
Mutual of Omaha has a strong reputation, with high ratings for customer service and claim payouts.
🔹 BBB Rating: A+
🔹 Customer Reviews: 4.3/5 ⭐⭐⭐⭐☆
🔹 NAIC Complaint Index: Below average (fewer complaints than competitors)
What Customers Say
👍 Positive: Customers praise the affordability and ease of application.
👎 Negative: Some report delays in claims processing and difficulty reaching customer support.
Understanding Living Promise
Mutual of Omaha provides a wide range of burial insurance plans, encompassing both whole life and term life policies.
These plans are thoughtfully tailored to meet the diverse needs of seniors, guaranteeing coverage for your end-of-life expenses. This ensures that your loved ones are not financially burdened.
This variety provides the flexibility to choose a plan that aligns with your specific needs and financial situation. It simplifies the process of finding the perfect fit for you.
| Feature | Details |
|---|---|
| Plan Type | Whole Life Insurance (Final Expense Protection) |
| Issue Ages |
– **Level Benefit Plan:** 45-85 – **Graded Benefit Plan:** 45-80 |
| Face Amounts |
– **Level Benefit Plan:** $2,000 – $50,000 ($5,000 minimum in WA) – **Graded Benefit Plan:** $2,000 – $20,000 ($5,000 minimum in WA) |
| Medical Exam | – **No medical exam required** (simplified underwriting with health questions) |
| Benefit Type |
– **Level Benefit Plan:** Full death benefit paid from day 1 – **Graded Benefit Plan:** • Death in first 2 years (natural causes) – Refund of premiums + 10% interest • Death after 2 years – Full death benefit paid • Accidental death – Full benefit paid in all years |
| Premiums | – **Guaranteed level premiums** for life |
| Built-In Riders |
– **Accelerated Death Benefit for Terminal Illness/Nursing Home Confinement** – **Chronic Illness Rider (FL Only)** |
| Optional Rider | – **Accidental Death Benefit Rider** (Provides additional payout if death is due to accidental injury) |
| Eligibility | – Available in all states **except AR, MT, NC** |
| Company Information |
– **Underwritten by:** United of Omaha Life Insurance Company – **Website:** Mutual of Omaha – **Customer Service:** 1-800-775-6000 |
*Ballpark Quote
Mutual of Omaha’s commitment to comprehensive and adaptable options highlights their dedication to easing financial worries for seniors and their families during end-of-life planning.
Key Features of Mutual of Omaha Living Promise
✔ No Medical Exam Required: Simple health questionnaire-based underwriting.
✔ Two Plan Options: Level Benefit (Full payout from Day 1) & Graded Benefit (Partial payout in first 2 years).
✔ Accelerated Death Benefit: Access policy benefits early for terminal illness or nursing home confinement.
✔ Guaranteed Level Premiums: Premiums never increase, and coverage never decreases.
✔ Accidental Death Rider Available: Provides extra payout if death occurs due to an accident.
✔ Reliable & Trusted Insurer: Mutual of Omaha has been a leader in life insurance for decades.
Affordability and Coverage
Affordability of insurance ranks as a primary concern for seniors. Mutual of Omaha addresses this concern head-on by offering affordable burial plans.
This approach ensures that seniors can secure a policy that not only fits their budget but also does not compromise on essential coverage.
Furthermore, by prioritizing affordability alongside comprehensive benefits, Mutual of Omaha enables seniors to navigate their insurance options with confidence, making informed decisions that protect their interests and provide for their loved ones without financial strain.
This commitment to affordability and coverage reflects Mutual of Omaha’s understanding of the unique needs of seniors, demonstrating their dedication to offering solutions that truly benefit this demographic.
Application Process Simplified
Applying for burial insurance with Mutual of Omaha is notably straightforward, offering seniors a hassle-free application experience.
Importantly, this process is further simplified by the use of DocuSign for electronic signatures, allowing applicants to complete necessary paperwork digitally from the comfort of their own home.
Additionally, many of Mutual of Omaha’s policies require no medical exams, presenting a significant advantage for individuals with pre-existing health conditions.
This streamlined approach not only accelerates the application process but also eliminates the stress and inconvenience often associated with securing insurance coverage.
Living Promise Qualifying Questions
| Underwriting Section | Details |
|---|---|
| Part One – Decline Questions |
If the applicant answers ‘YES’ to any question in Part One, they are ineligible for coverage. 1. Currently bedridden, receiving home health care, or residing in a nursing home? 2. Diagnosed with AIDS, Alzheimer’s, Dementia, ALS, or a terminal illness with an expected life expectancy under 12 months? 3. Advised in the past 12 months to have surgery, treatment, or hospitalization for heart disease, cancer, or other serious conditions? 4. Diagnosed with or treated for cancer (excluding basal or squamous cell) in the past 2 years? |
| Part Two – Graded Benefit Questions |
If the applicant answers ‘YES’ to any question in Part Two, they qualify for the Graded Benefit Plan only. 5. History of diabetes after age 50 with complications like neuropathy or kidney disease? 6. Diagnosed with cancer, lupus, schizophrenia, or multiple sclerosis in the past 4 years? 7. Experienced heart disease, heart attack, stroke, or surgery for a heart condition in the past 2 years? 8. Convicted of a felony, history of alcohol/drug abuse, or misuse of prescription drugs in the past 2 years? 9. Hospitalized for a mental or nervous disorder in the past 2 years? 10. Experienced unexplained weight loss, chronic cough, or fatigue in the past 12 months? |
As a result, seniors can easily find a policy that suits their needs, ensuring their end-of-life expenses are covered without the burden of a complex application process.
Policy Features and Flexibility
Mutual of Omaha’s burial insurance policies are known for their flexibility. You can adjust your coverage as your needs change and benefit from additional riders for comprehensive protection.
Comparing Providers
When comparing burial insurance options, Mutual of Omaha stands out for its combination of affordability, comprehensive coverage, and customer satisfaction.
Managing Your Mutual of Omaha Living Promise Policy
Owning a Mutual of Omaha Living Promise policy ensures financial security for your loved ones, but managing your policy effectively is essential to maximize its benefits.
This guide will walk you through key aspects of policy management, including payments, policy changes, claims, and customer support.
By actively managing your Living Promise policy, you ensure financial protection for your loved ones and peace of mind knowing your final expenses will be covered.
*Ballpark Quote
Customer Support and Feedback
Mutual of Omaha is renowned for its excellent customer support. Policyholders can expect responsive service and helpful guidance, a testament to the company’s commitment to its customers.
FAQs
Yes, Mutual of Omaha’s Living Promise is a whole life policy specifically designed for final expenses.
The Graded Benefit Plan has a two-year waiting period before full death benefits are paid. If death occurs within the first two years (except accidental death), the beneficiary receives 110% of premiums paid instead of the full payout.
Yes, like all insurers, Mutual of Omaha requires a death certificate to process claims.
Most claims are paid within 24-48 hours after receiving all necessary documents.
Mutual of Omaha offers policies that often do not require medical exams, making it easier for seniors to get coverage.
They provide various policies, including whole and term life insurance, each tailored to different needs.
Yes, they offer competitive rates, especially considering the comprehensive coverage provided.
Yes, their policies offer flexibility to adjust coverage as your needs change.
They have a strong reputation for efficiently and reliably handling claims.
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Conclusion
Mutual of Omaha’s Living Promise is one of the best final expense insurance options in 2025. It offers competitive rates, strong financial backing, and immediate coverage for most applicants. However, if you have serious health issues, you may face a waiting period.
📞 Want a Quote? Contact Us at (855) 380-3300 to speak with an independent national agent for the best rates.
Next Steps
✔ Compare rates with other final expense providers
✔ Check eligibility for Level vs. Graded Plans
✔ Apply online or through an agent
By planning ahead, you can ensure peace of mind and financial security for your loved ones.
*Ballpark Quote
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1 Comment
Juan R Reynoso Franco
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