Mutual of Omaha Burial Insurance Review in 2024

We honestly have so many positive things to say about Mutual of Omaha and their burial insurance plan.

Simply put, it is one of the best burial insurance policies on the market for seniors. You may recognize Mutual of Omaha from the TV show “Wild Kingdom” which aired from 1968 – 1978.

Mutual of Omaha Life Insurance, Burial Insurance, Final Expense Insurance
Mutual of Omaha Burial Insurance Most Affordable for Seniors

It was a show centered around animals and wildlife. They also have a secondary name many consumers know about called United of Omaha.

Both names represent the same life insurance company. In this article, we will provide a thorough analysis of Mutual of Omaha’s life insurance products and how they work.

Understanding Mutual of Omaha Burial Insurance

Mutual of Omaha’s burial insurance(funeral insurance, final expense, cremation insurance etc.) is a simplified issue whole life insurance policy. It never expires, has a death benefit between $2,000 – $50,000, pays for funeral and burial costs when the insured dies, and has no medical exam.

Mutual of Omaha final expense insurance is the most affordable burial insurance for seniors in most cases. In addition to this it is level coverage which means there is no waiting period for benefits if you qualify for the level plan.

It is important to know that burial insurance is a marketing term for simplified whole life insurance also known as final expense insurance. It is a whole life policy that is used to cover funeral costs.

You can read more on what is a burial insurance policy.

So when you see terms being used like:

“mutual of omaha final expense policy”


“mutual of omaha burial policy”

They both are the same thing just different marketing terms. These policies are used to pay for your funeral when you die so your loved ones are not left with the financial burden of paying for your final expenses.

For seniors over 80 or age 70 and below this is a perfect policy considering they will cover seniors even at age 85 according to their website.

Now a lot of burial insurance carriers will not cover over age 80 but Mutual of Omaha burial insurance does which really sets them apart.

Mutual of Omaha Life Insurance Other Products

Mutual of Omaha does have more than just burial insurance.

Other products include:

  • 2 Indexed Universal Life insurance products (Life Protection Advantage) & (Income Advantage)
  • Term Life Insurance
  • Guaranteed Issue Whole Life

These 3 products function differently and are not the same as a whole life policy for burial and if you are a senior it can be difficult to pass the underwriting of both the Universal Life policy and the Term Life policy.

We do not recommend using term insurance for burial considering term terminates and is not permanent like whole life insurance. Now their guaranteed issue policy is something we only recommend to consumers in extremely poor health.

If you have been diagnosed with Dementia, HIV, Current Cancer, or you are on Dialysis, then this is a great option for you MOO’s guaranteed issue product has a 2-year waiting period which is standard for all GI products.

In order to get their GI product, you need to contact Mutual of Omaha directly. You can contact them via customer service.

Mutual of Omaha Burial Insurance Living Promise Features

This is the name of the product from Mutual of Omaha that can be used as burial insurance.

There is no medical exam for this policy to qualify. You simply just answer the health questions on the application complete your signatures and approval can be done in minutes.

Furthermore, you can see a Mutual of Omaha final expense quote for this product by filling out our quote form to your right.

This will put you in touch with one of our agents and they can qualify and guide you through the whole process.

Below is a table outlining the features and benefits of Mutual of Omaha burial insurance for both their level and graded plans.

PlanLevel Benefit PlanGraded Benefit Plan
Age Range45-8545-80
Face Amount Range$2,000-$50,000$2,000-$20,000
Additional BenefitsAccelerated Death Benefit for Terminal Illness or Nursing Home Confinement
Optional: Accidental Death Benefit Rider
Accelerated Death Benefit for Terminal Illness or Nursing Home Confinement
Optional: Accidental Death Benefit Rider
UnderwritingSimplified Underwriting Based on Health QuestionsSimplified Underwriting Based on Health Questions
AvailabilityAvailableNot Available in AR, MT, NC
ExclusionSuicide Exclusion within Two Years (One Year in ND)N/A
Death Benefit Payout StructurePays 100% of Death Benefits from Day One with No Waiting PeriodsTwo Year Limited Benefit Waiting Period With Return of Premiums Plus 10% interest if Death Occurs Within The First Two Years

The Benefits of Living Promise

  • Level premiums that never increase
  • Level death benefit
  • Policy amounts of $2,000 – $40,000
  • Covers ages 45 – 85
  • Accelerated Death Benefit Rider
  • Accidental Death Benefit Rider

In addition to this, you can name any family member as a beneficiary on your policy such as brother, sister, father, mother, child, or grandchild.

Accelerated Death Benefit Rider

This is a rider that allows you to borrow from the face amount of your policy early before you die if you are diagnosed with a terminal illness.

This is a big highlight of Mutual of Omaha life insurance for seniors because the older you get the higher the chances of a terminal condition become.

Borrowing from the face amount can help you pay for any outstanding bills or experimental treatments not covered by health insurance.

In addition to this, you can even use the money to prepay for your burial if you are terminally ill.

Accidental Death Benefit

This rider pays an additional benefit to your beneficiary if you die from an accident on top of what your policy face amount already pays.

Above all, Living Promise is competitively priced. When you fill out the quote form to your right you will see MOO’s product most likely at the top of the list compared to the other carriers.

We cannot stress enough how great the living promise product is. That being said the only real drawback for this product is the strict underwriting.

Mutual of Omaha Final Expense Coverage Amount & Ages

Eligible ages for Mutual of Omaha final expense are ages 45 – 85 years old for coverage amounts of $2,000 – $50,000.

You must have very normal health conditions in order to qualify for Mutual of Omaha final expense insurance. Applicants with heart complications or lung conditions will need to look at another company.

Mutual of Omaha final expense is primarily good for diabetics with no diabetic complications.

This is why Mutual of Omaha final expense insurance is so competitively priced because they want healthy applicants which means healthy individuals get the best rates.

Mutual of Omaha Final Expense Application & Underwriting

When it comes to their application and underwriting it can be difficult if you have moderate health conditions to qualify.

That being said we are highly trained in the underwriting niches of these carriers. If you get turned down for MOO our licensed agents have plenty of options for you to look at to get day one coverage.

In fact, we help 90% of our clients with moderate health conditions get day one level coverage.

Mutual of Omaha Life Insurance, Burial Insurance, Final Expense InsuranceAge EligibilityPolicy Brochure


Policy Features & BenefitsType of Policy: Whole Life(Lifetime Coverage)Waiting Period: Graded Plan(yes) Level Plan(no)
Death Benefit Amounts: $2,000-$50,000Level Death Benefit(Death Benefit Never Decreases)
Available States: All Except NYLevel Premiums(Premiums Never Increase)
Cash Value Builds in PolicyNo Medical Exams Required
Accelerated Death Benefit RiderAllows the insured to access a portion of the policy’s death benefit while alive for various needs such as medical bills, living expenses, and funeral expenses.
EligibilityApplicable when the insured is diagnosed with a terminal illness (12 months to live) or has been confined to a nursing home for more than 90 days without the expectation of leaving.
InclusionAutomatically included in the policy at no extra cost.
Accidental Death Benefit RiderProvides an extra death benefit equal to the policy’s death benefit in case of death resulting from an accident.
InclusionRequires an additional charge to be added to the policy.

Living Promise Application Questions

The application questions are broken up into different sections and timelines.

Is the proposed insured currently:

  • Bedridden
  • In a nursing home
  • Hospital
  • Require assistance with daily living
  • In a wheelchair only for terminal illness (bone fractures or joint surgery are excluded)
  • Using oxygen tanks to assist with breathing

If any of these are answered with a “yes” it is an automatic decline. Keep in mind if you use oxygen for a CPAP machine for sleep apnea then this will not decline you.

Also if you are in a wheelchair you will only be declined if it is for a terminal illness. If you have broken bones this won’t get you declined.

Has the proposed insured ever been:

If you have been diagnosed with these it is an automatic decline.

In addition to these application questions, they use your Social Security Number to check your Medical Information Bureau Health report and run a prescription check.

Now if you are taking prescriptions that have multiple functions then Mutual of Omaha will know this and your chances of being approved are high.

This is why working with one of our agents increase’s your chances of being approved they will ask you very specific health questions to make sure you qualify.

Mutual of Omaha Life Insurance for Grandchildren

When it comes to children and grandchildren the Mutual of Omaha children’s whole life policy is the perfect thing.

This policy has the following benefits:

  • Covers ages 14 days – 17 years old
  • Coverage amounts of $5,000 – $50,000
  • Fixed premiums
  • Builds cash value

You can contact Mutual of Omaha here for more information on this coverage.

Regarding insurance reviews, we give their children’s whole life a 5 out of 5.

Mutual of Omaha’s Guaranteed Issue Burial Insurance Product Not Sold by Agencies

Mutual of Omaha’s guaranteed issue whole life insurance is hands down the best most competitively priced guaranteed issue life insurance policy we have ever seen.

It is typically 50% more affordable than any other guaranteed issue whole life insurance policy we have seen from other carriers.

That being said just like any other guaranteed issue final expense policy Mutual of Omaha’s guaranteed issue burial insurance has a full 2 year waiting period for death benefits.

Now there are barely any agencies licensed to sell Mutual of Omaha’s guaranteed issue burial insurance. If you want this product because you know you are in poor health you can apply for guaranteed issue life insurance with Mutual of Omaha on their website.

Mutual of Omaha Burial Insurance Rates

Life insurance rates are based on age, health, and lifestyle.

This is what Mutual of Omaha bases its rates on. So with that being said a 50-year-old smoker will not have the same rates as a 50-year-old non-smoker. The younger and healthier you are the more affordable your rates become.

Below is a table listing Mutual of Omaha final expense insurance costs for individual ages.

These rates for Mutual of Omaha funeral insurance come directly from our agent quoter’s. They should provide you with an accurate idea of how much Mutual of Omaha funeral insurance will cost for you.

As you can see from the rates below if you are a smoker Mutual of Omaha burial insurance will be much more expensive for you.

Age$10,000 Male Non Smoker$10,000 Male Smoker$10,000 Female Non Smoker$10,000 Female Smoker

How to Buy Mutual of Omaha Final Expense Insurance

We have made it abundantly clear that Mutual of Omaha is one of the best life insurance companies for burial insurance.

With their perfectly priced products and long-standing reputation serving Americans and financial strength, we give them a solid 5 out of 5 stars. Our brokerage loves working with them and so do our clients.

So if you are in excellent health and are ready to purchase your burial insurance fill out the form to your right and select Mutual of Omaha from the menu at the rate and coverage you want.

One of our agents will contact you at that point and help you get coverage within 30 minutes everything is done via a Docusign.

Mutual of Omaha Contact Information, Ratings & Background


Mutual of Omaha is a very big well known company that has been around since 1909. They offer whole, universal, term life, Medicare, accidental and numerous other products. Founded by Clair Carlton Criss and Mabel Criss it has grown into a fortune 500 company.

The current Chairman of the Board & CEO is James Blackledge.

Financial Ratings

Mutual of Omaha holds extremely strong financial ratings from the following agencies:

Contact Information

Work with The Experts

ParamountQuote is a national independent insurance broker. We represent all of the top major carriers nationwide including Mutual of Omaha.

We pride ourselves on our training and customer service to all of our clients. Our agents will hold your hand every step of the way through the application process and after. We work for you, not the insurance companies.

It is our passion to help you and your family achieve the peace of mind you deserve to know that they will be financially secure when you die and you can rest easy.

We represent over 15 carriers which guarantee that we can help 90% of our clients find day one coverage due to our expert-level underwriting training.

Frequently Asked Questions

“What is the best Mutual of Omaha life insurance for seniors over 70?”

We get questions from our clients on a daily basis like:

Their living promise whole life policy.

“Can you get Mutual of Omaha life insurance for seniors over 80?”

Yes in fact they will take seniors all the way up to age 85 as long as you can pass their underwriting.