Mutual of Omaha Living Promise: Affordable Whole Life Insurance for Seniors
How the Mutual of Omaha Living Promise Works
If you’re looking for simple, whole life insurance policy to cover final expenses, the Mutual of Omaha Living Promise could be a perfect fit. Designed specifically for seniors ages 45–85, this policy provides peace of mind with guaranteed lifetime coverage, no medical exams, and fixed premiums that never increase.
Let’s break down how this plan works, what makes it special, and how you can qualify.
Key Benefits of Mutual of Omaha Living Promise
Here’s why so many seniors choose this plan for their final expense insurance:
- No medical exam required – Qualify by answering a few health questions.
- Affordable, fixed premiums – Your monthly rate never goes up.
- Day-one coverage – If you qualify for the level benefit, you’re covered immediately.
- Tax-free payout – Beneficiaries receive the full benefit amount, tax-free.
- Flexible use of funds – While designed for funeral costs, the payout can be used for any purpose.
- Lifetime protection – Coverage never expires as long as premiums are paid.
- Living benefits included – Access up to 50% of your benefit if diagnosed with a terminal illness or confined to a nursing home.
Policy Details at a Glance
| Feature | Details |
|---|---|
| Type | Whole Life Insurance |
| Age Range | 45–85 |
| Coverage Amount | $2,000 – $50,000 |
| Medical Exam Required | No |
| Waiting Period | None (for Level Benefit) |
| Cash Value | Yes – grows over time |
| Available States | All except New York |
| Riders Included | Terminal Illness & Nursing Home Confinement |
| Optional Rider | Accidental Death (2X payout) |
| Application Time | 10 minutes to 3 business days |
Level Death Benefit (Immediate Coverage)
The Level Death Benefit plan is the top-tier option under the Mutual of Omaha Living Promise. If you’re approved, there’s no waiting period—your full coverage starts immediately.
Highlights:
- Covers both natural and accidental death from day one
- Eligibility depends on your health questionnaire
- Option to add Accidental Death Rider for double payout if death occurs due to an accident
This plan is ideal for applicants in generally good health who want immediate, full protection.
Graded Death Benefit (For Moderate Health Concerns)
If you have certain health conditions, you may qualify for the Graded Death Benefit version of the Living Promise policy.
How it works:
- There’s a two-year waiting period for natural death coverage.
- If the insured passes during that time, beneficiaries receive 110% of premiums paid instead of the full death benefit.
- After two years, the full benefit amount is available.
- Accidental deaths are covered immediately, even during the waiting period.
This option allows people with moderate health issues to still obtain valuable coverage that grows stronger over time.
Common Health Conditions That May Still Qualify
Mutual of Omaha is known for its lenient underwriting. Even if you have one or more of these common health conditions, you may still qualify for no waiting period coverage:
| Eligible Conditions |
|---|
| Arthritis, Asthma, Diabetes (Type 2), High Blood Pressure |
| High Cholesterol, Sleep Apnea, Depression |
| Prior Stroke or Heart Attack (over 2 years ago) |
| Cancer (over 4 years ago, non-current) |
| Epilepsy, Crohn’s Disease, Fibromyalgia |
| Hepatitis A or B, Blood Clots (over 2 years ago) |
| Thyroid Disorders, Blindness, or Non-cancerous Tumors |
Sample Monthly Rates
Here’s a simplified look at average monthly premiums for $10,000 of coverage through the Mutual of Omaha Living Promise plan:
| Age | Female (Level) | Male (Level) |
|---|---|---|
| 50 | $24 | $31 |
| 60 | $33 | $44 |
| 70 | $53 | $75 |
| 80 | $98 | $140 |
💡 Rates vary based on health, state, and chosen benefit type (Level or Graded).
Why Seniors Love the Living Promise Plan
Many seniors choose the Mutual of Omaha Living Promise because it combines simplicity with value:
- Immediate protection with the Level Benefit option
- Competitive premiums compared to similar burial insurance policies
- Built-in living benefits at no additional cost
- Trusted insurer – Mutual of Omaha has been serving customers for over a century
With flexible coverage amounts and a simple approval process, it’s one of the best burial insurance plans available today.
Should You Buy the Mutual of Omaha Living Promise?
If you’re between 45 and 85 and want affordable life insurance that protects your loved ones from funeral costs, the Mutual of Omaha Living Promise is a strong choice.
Unlike many competitors, it offers:
- No waiting period (for qualified applicants)
- Living benefits at no cost
- A solid reputation for reliability and customer service
In short, this policy gives you financial peace of mind—knowing your family won’t be left with unexpected expenses.
🏁 Final Thoughts
The Mutual of Omaha Living Promise stands out for its affordable premiums, instant coverage, and lifetime protection. Whether you’re planning ahead or replacing an old policy, it’s an easy, reliable way to make sure your loved ones are financially secure.
📞 Get Your Free Quote Today
Don’t wait to protect your family’s future.
👉 Get your free quote today and lock in affordable rates with the Mutual of Omaha Living Promise whole life insurance plan.
