Mutual of Omaha Burial Insurance Review Full Truth

mutual of omaha burial insurance review

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.

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.

Does mutual of Omaha have Burial Insurance?

Yes, they do have burial insurance.

It is important to know that burial insurance is a marketing term for 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 here.

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.

MOO’s 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 here.

Mutual of Omaha Living Promise

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.

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 get questions from our clients on a daily basis like:

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

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.

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 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.

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 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.

Example Rates:

  • 50 year old non smoker – $29.90 for $10,000 Coverage
  • 50 year old smoker – $38.70 for $10,000 Coverage

Mutual of Omaha Final Expense Insurance Review

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.

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.

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