Mutual of Omaha’s final expense insurance allows seniors to get great coverage at a low rate.

But should you buy it?

Here is the short answer:

If you qualify, you should buy their coverage as soon as possible. You won’t find a better deal.

This Mutual of Omaha burial plan review explains the fine print, pros & cons, sample prices, and much more.

How Does Mutual of Omaha Final Expense Insurance Work?

United of Omaha burial insurance is a whole life insurance policy with lenient underwriting, so seniors with health issues can qualify. Policy amounts range from $2,000 up to $40,000.

Final expense plans are primarily meant to pay for burial and other funeral expenses. However, you can use the money for anything.

Because it’s a whole life policy, it’s super easy to understand. Here are the relevant policy details you need to know.

  • Fixed premiums that can never increase.
  • Permanent policies that cannot expire.
  • Coverage that cannot decrease in value.
  • Cash value builds up over time.

Since it’s life insurance, your beneficiaries will get a tax-free cashier’s check equal to whatever amount of coverage you purchased.

The cash payout gives your family the necessary funds to pay for your end-of-life costs.

There are no restrictions on how you use the money. That’s an excellent thing because every single funeral home in the nation will take cash.

If there happens to be money left over, which frequently there is, that leftover money will stay with your beneficiary(s).

Also, every United of Omaha final expense insurance policy will come with the following riders.

  • 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 while still alive.
  • 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.

You do not pay for those riders. They come bundled with the policy at no extra cost.


The non-2-year waiting period option

United of Omaha’s final expense policy for seniors that offers full day-one coverage is called “Living Promise” (that’s just the name they gave it).

Living Promise has two health ratings. There is a level death benefit and a graded death benefit.

If you are approved for the level benefit, it does not have any waiting period. You are fully insured from the very first day.

Here is a breakdown of the Level Plan.

  • Available in all states except NY
  • Issue ages are 45-85
  • Coverage amounts are $2,000-$40,000 ($5k minimum in WA)
  • Only sold through licensed brokers such as Choice Mutual (you cannot buy it directly from them)
  • Immediate coverage with no waiting period
  • Sample policy
  • Sample application
  • Brochure

The level plan also allows you to purchase the Accidental Death Rider. It generally only costs a few dollars extra.

With this rider, Mutual of Omaha will payout double the death benefit if an accident is the cause of death.

Please know, without this rider, your policy will still pay out the total amount for accidental death. This rider doubles the payout when you die from an accident.

To qualify for the level plan, you must say no to all these health questions and have a height to weight ratio within these guidelines.

If you want to make this easy on yourself or are unsure if you’re eligible for the no waiting period plan, call us at 1-800-644-2926. We can tell you what you will qualify for within 60 seconds.


The graded plan (has a 2-year waiting period)

United of Omaha also has a plan with a two-year waiting period. They call it the “graded plan.”

With this option, if you die during the first two years, they will refund 110% of your premiums. After two-year years, the waiting period ends, and you’re fully insured.

Accidental death is the only exception to the waiting period. Even during the waiting period, accidental death would result in a complete payout of the death benefit.

Here is a breakdown of the graded plan:

  • Available in all states except for AR, MT, NC & NY
  • Issue ages are 45-80
  • Coverage amounts are $2,000-$20,000 ($5k minimum in WA)
  • Only sold through licensed brokers such as Choice Mutual (you cannot buy it directly from them)
  • 2-year waiting period for non-accidental death
  • Sample application
  • Sample policy

To be approved for the graded plan, take a look at the health questions here. If you say yes to any of those conditions, Mutual of Omaha will offer you their graded program.


How Much Does Mutual of Omaha Burial Insurance Cost?

Mutual of Omaha burial insurance rates range from $20-$200 per month. The exact price depends on your age, health, gender, and how much coverage you buy. Tobacco usage also heavily influences the quote. If you smoke, expect to pay about 40% more.

Below you will see a table showing some sample Mutual of Omaha final expense quotes. You can also use the quoting tool on this page to see prices for any amount you’d like.

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


Licensed Agent Vs. Dealing With Mutual of Omaha Directly

There is a big difference between calling Mutual of Omaha’s home office versus talking with one of their licensed agencies.

Please note that any offer you see from Mutual of Omaha through the mail, TV, or a complete online application is them selling you their guaranteed acceptance policy.

As you can see from the table below, the options are quite different depending on whom you talk with.


Plan detailsMutual of Omaha
Licensed Mutual of Omaha
Coverage options$2,000- $25,000$2,000- $40,000
2-year waiting periodYesNo
$10,000 rate for 65 year old female non tobacco$50.00$41.01
Option for double death benefit for accidental deathNoYes

If you would like to speak with a licensed Mutual of Omaha agency, call us at 1-800-644-2926.


Pros And Cons

It’s helpful to remember that no single life insurance company can be the best option for everyone.

And while Mutual of Omaha is easily one of the top burial insurance companies in the nation, they too have both pros and cons.


  • Low prices.
  • High coverage amounts (up to $40K).
  • Accidental death rider option.
  • No waiting period coverage is available.
  • Lenient underwriting accepting of many health issues.
  • Diabetic-friendly, including insulin.
  • New applicants as old as 85 can apply.
  • Simple application.
  • Fast underwriting (approvals are typically less than 24 hours).
  • Best in class financial strength.
  • Online access to view and manage your policy.
  • Both physical and digital (PDF) copies of the policy are mailed out.
  • Can have unlimited primary and contingent (backup) beneficiaries.


  • Not available in NY.
  • 2-year waiting period for any of these health issues.
  • Not guaranteed issue (you must medically qualify).
  • They will randomly select applicants for a phone interview to clarify some of your medical information.
  • Cannot mail in monthly payments.
  • Direct Express cards are not accepted.
  • There is a waiting period for people with diabetes before age 50.

Like we mentioned at the start of this article, you should immediately buy their coverage if you can qualify for their immediate coverage plan.


Tips To Finding The Best Policy

When shopping for final expense insurance, there is but one thing you must do.

You may think this is too simple, but it’s the truth!

Suppose you’re in the market for final expense insurance. In that case, all you have to do is find a reputable independent agency representing lots of companies. Then let them assist you in finding the best policy.

We give you this advice because:

  • Only independent agencies offer the least expensive plans that have no waiting period.
  • An independent agency will compare offers from multiple carriers to see which has the best plan for you.
  • You cannot determine on your own which companies will approve you.
  • Many companies don’t advertise on TV. Just because you aren’t familiar with their names doesn’t mean they are untrustworthy. It would help if you considered these companies too because they have low rates and excellent underwriting. The companies who don’t advertise via mass media only sell their coverage through licensed agencies.

If you try to “not deal with an agent,” you better be prepared to pay more and have a waiting period.

Independent agents are here to help you, not sell you.

For example, if you call us, all we would do is ask you questions to learn about your health and goals. Then we would recommend which funeral insurance carrier is best for you. If you’re ready to apply, we’ll help you get approved.

If you need time, we’ll give you time.

No sales pitches or pressure to do it now. Just honest advice and respect.


Mutual of Omaha Company Background

Based out of Omaha, Nebraska, Mutual of Omaha has been in business since 1909.

They are a big insurance company that offers many different types of insurance. They offer life insurance, medicare insurance, long-term care insurance, dental insurance, accidental death insurance, and the list goes on.

All life insurance (including Mutual Omaha burial insurance) issued from Mutual of Omaha will appear as “United of Omaha” on the paperwork. United of Omaha and Mutual of Omaha are the same company.

They issue all their life products under the name United of Omaha.

To say they are financially stable would be an understatement. They have the highest financial ratings an insurance company can get.

Here are there scores with some notable rating agencies:

You can count on them being able to pay their claim when that time comes.

Here is Mutual of Omaha’s contact info:

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

Frequently Asked Questions

Does mutual of Omaha check your MIB records for their final expense insurance?

To be eligible for their level death benefit, yes, they will check your MIB file. Mutual of Omaha qualifies people for their Living Promise plan by:

  • asking the health questions
  • checking your prescription history
  • analyzing your MIB file

If your MIB file has inaccurate information, you can amend your file to get it corrected. Go here first to order your report. Once you get it and identify the errors, contact MIB to begin the process of fixing it.

At the same time, if your MIB file has been hindering your ability to acquire final expense insurance, call us at 1-800-644-2926. Not every insurance company responds to MIB the same way. We may just be able to identify a carrier that will approve you despite your file. We’ve done this many times.

Why do I have to speak with an agent to get the no waiting period plan?

United of Omaha only sells their immediate coverage Living Promise plan via licensed agencies. They do not sell it directly. If you call Mutual of Omaha, the only product they can offer you is their guaranteed acceptance plan. That policy has a two-year waiting period (and generally costs more).

How do I know if I’ll qualify?

Truthfully, you should let an agent diagnose if you’ll qualify or not. The underwriting is simple, but there are nuances that only an agent is familiar with. That said, look at these health questions. If you have any of those conditions, you will not qualify for their level benefit.

Can I buy it all online?

No. You can only purchase United of Omaha’s Living Promise final expense insurance by speaking with an agent. There is no way to apply online without speaking with an agent.