Mutual of Omaha Living Promise Review [2023]

You can buy life insurance that won’t expire until you do. A policy like that is what’s known as whole life insurance. Such policies are quite popular as whole life insurance can offer unexpected advantages.

Of course, no two policies are the same. So, if you’re an older individual looking for final expense coverage, how can discerning shoppers like you find policies that are right for them? Individuals interested in finding the best life insurance policy can shop online to find policies to meet their needs.

Fortunately, you can make use of other free online resources and read our free Mutual of Omaha life insurance review to be sure it’s the right life insurance company for you.

If you’re someone who needs reliable and affordable life insurance, Mutual of Omaha Living Promise may be the best choice. Mutual of Omaha insurance is a trusted name in the insurance industry as it has been in business for decades.

Read More: Best Life Insurance Companies

You can compare Mutual of Omaha Living Promise life insurance quotes to the competition when you shop online. Enter your ZIP code to get free quotes and discover if Mutual of Omaha Living Promise is the right choice for you.

Table of Contents

What is the Mutual of Omaha Living Promise?

Before you run off to buy Mutual of Omaha Living Promise life insurance, you should learn what is and how it can help you.

If you were to glance at a Mutual of Omaha Living Promise brochure, you would most likely note that it is a whole life insurance policy with rates that will never rise. There is also a guarantee that cash value will grow within the policy.

When you fill out a Mutual of Omaha Living Promise application, you’ll discover that the policy:

• Provides a death benefit that never decreases
• Offers insurance free of medical exam
• Designates applicants as being eligible for a level or graded death benefit
• Assists with final expenses

Now, you may be wondering what differences there are between a level and graded death benefit. Let’s examine the two and what each one has to offer you.

Level Death Benefit

Individuals deemed eligible for a level death benefit, live in any state but New York, and are between the ages of 45 and 85 could purchase as little as $2,000 in coverage or as much as $40,000. The policy is guaranteed until the age of 100, and you can add both accelerated death benefit and accidental death benefit riders to the policy.

While these riders shouldn’t be viewed as a Mutual of Omaha medicare supplement, they can certainly be used. Most importantly, the death benefit will be paid to the named beneficiaries if you pass away within two years of purchasing the policy.

Graded Death Benefit

Individuals eligible for a graded death benefit and who live outside of Arkansas, Montana, New York, or North Carolina can purchase anywhere from $2,000 to $20,000 in coverage if they are between the ages of 45 and 80. The Mutual of Omaha Living Promise life insurance rates for a graded death benefit also tend to be more expensive for applicants.

Now, if you were to die within two years of owning this policy, there would be a hold on the death benefit. Instead of the full death benefit, your beneficiaries would only receive the premiums you paid plus the 10% interest earned on those paid premiums. However, if you were to die after owning the policy for two years, your beneficiaries would receive the full death benefit that you had purchased.

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How can individuals apply for a Mutual of Omaha Living Promise policy?

The Mutual of Omaha Living Promise Underwriting Guide

Is Mutual of Omaha customer service well regarded?

It’s always important to study how well a company treats its clients before you decide to do business with it. According to the NAIC, Mutual of Omaha did receive a high number of complaints from clients.

Thankfully, reaching out to a customer service representative can be done by calling Mutual of Omaha’s customer service line, or you can reach out to your local insurance representative directly.

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Mutual of Omaha Living Promise: What You Need to Know

With the Mutual of Omaha Living Promise policy, you can prepare for the expenses that come with the end of life. While there isn’t a traditional medical exam, questions about your medical history will be asked. How you answer will determine if you are eligible for a level or graded death benefit.

The Mutual of Omaha Living Promise can relieve a financial burden from your loved ones’ shoulders during a very trying time. However, you can always shop online to find the best life insurance policy for you.

Compare a Mutual of Omaha Living Promise policy to the competition today. Enter your ZIP code below to receive free life insurance quotes today.

Your life insurance quotes are always free.

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