At Bluewave Insurance services we are proud to present our clients with Mutual of Omaha burial insurance products. We believe in the quality of their products and their exceptional customer service. To learn more, contact us at 800-208-497.
Mutual of Omaha Company History and Background
Mutual of Omaha was founded in 1909 in Omaha, Nebraska by a medical student from Omaha’s Creighton University. What started as a small company, soon grew to be part of the Fortune 500 companies in the US. They offer a variety of financial services for insurance, and financial products for individuals, groups, and businesses.
Here are some of the products they offer:
- Mutual Omaha Medicare supplement
- Life insurance
- Long-term care coverage
- Group Life insurance
With over 6,000 employees across the U.S., this company has surely grown from its small beginnings to become the conglomerate it is today. If you have any questions about Mutual of Omaha and their services, give us a call at 800-208-4974 to learn more.
Mutual of Omaha Financial Strengths and Ratings
With over 110 years since starting its business in Nebraska, Mutual of Omaha boasts over 9.4 billion in revenue. They currently have an A+ (Superior) rating with A.M. Best. In addition, a AA- (Very Strong) rating with Standard & Poor’s This shows that Mutual of Omaha has shown continuous growth and financial strength.
They also have an A+ rating with the Better Business Bureau that demonstrates their great customer service skills and how they treat their clients.
If you would like to learn more about Mutual of Omaha and receive a free consultation, contact our experienced insurance agents at 800-208-4974.
Why Get Burial Insurance or Funeral Insurance?
Getting burial insurance or sometimes called final expense life insurance will give you and your loved one’s peace of mind. Instead of having to worry about paying for funeral expenses like cremation, funeral homes, burial costs, and burial insurance, it covers all of that.
By paying a small monthly premium, your appointed beneficiary will be able to cover funeral expenses and any of the excess cash-value can be used for other nonfuneral-related expenses like mortgage bills, education, and medical bills.
Wondering if getting burial insurance might be the right step for you? Give us a call at 800-208-4974 to learn more about Mutual Omaha, or to compare rates with other providers, at no charge to you.
Mutual of Omaha Burial Insurance and Final Expense Coverage
Mutual of Omaha has a couple of burial insurance options that will help insurers avoid out-of-pocket funeral costs. The first one is the Living Promise, which death benefit given to the appointed beneficiary. The second is the Mutual of Omaha whole life insurance policy which is a guaranteed issue policy life insurance.
If you opt into Mutual of Omaha guaranteed acceptance or guaranteed issue plan, that means that you are automatically accepted into their burial insurance coverage. However, the biggest drawback is that there is a two year waiting period in order to get full benefits. If for some reason you die before the time period is up, you will only get what you paid for in monthly premiums plus 10% of interest. To learn more about Mutual of Omaha burial insurance plans give us a call at 800-208-4974.
Folks are eligible for Mutual of Omaha burial insurance plans in the age range of 45-85. Depending on the plan you sign up for, they may require you to answer health questions or take a medical exam. If you take the answer health questions, and you are fit for the Living Promise burial insurance plan then you will get coverage right away. However, with Guaranteed whole life insurance there is a mandatory two-year wait period before you get your full death benefits.
Mutual of Omaha Living Promise Insurance Plans
With Mutual of Omaha, you must answer health questions in order to identify if you qualify for the plan. If you are eligible for this plan and answer the questions to their satisfaction you ill have full coverage on the first day. The advantage of having health questions is that there is no mandatory waiting period.
Here are some of the things you must share with Mutual of Omaha in order to qualify for the Living Promise burial insurance policy:
- Weight and height ratio
- Prescription drug history
- Medical Information Bureau (MIB) history
- Answer health questions.
The Living Promise level death benefit burial plan is available to folks age 45-85 and can cover at the start of $2,000 cash payout to as high as $40,000. As mentioned before, coverage starts immediately once the policyholder is eligible.
In addition, there is a fixed monthly premium so you never have to worry about your plan increases over time. Also, death benefit never decreases. Most of all, this plan is available in all 50 states, so no matter where you reside in the U.S. you will be covered.
The Living Promise death benefit burial insurance may be the plan for you. If you’re confused about which plan to sign up for or would like to speak with an expert, give us a call at 800-208-4974 to learn more and receive a free consultation.
Mutual of Omaha Guaranteed Whole Life Insurance Plans
Because Mutual Omaha requires health questions for their Living Promise plan, that may result in folks being denied burial insurance because they may have serious health issues like a terminal illness, HIV, Alzheimer’s, heart disease, etc. In order to mitigate that problem and make sure that everyone has access to burial insurance, Mutual of Omaha created a Guaranteed Whole Life Insurance plan.
With the guaranteed whole life insurance plan, folks age 45-85 can buy $2,000- to $25,000 worth of burial coverage. Depending on your needs, this plan is flexible and can change depending on how you evolve over the years. This plan will also never expire as long as premiums are paid per month. In addition, the death benefit will never decrease no matter what your age is or how your health condition is.
However, the biggest drawback is probably that there is a mandatory two-year waiting period. Meaning, policyholders only get full benefits after two years. If you die before the two years because of natural causes then it would be a refund of all your monthly premiums plus 10% interest.
Another disadvantage is that this is a more expensive plan since United of Omaha doesn’t ask health questions, it means they are more at risk to lose money. In that case, they will require you to pay more for burial insurance per month.
To find out if this plan is available in your state, or if you have questions, give us a call at 800-208-4974. One of our experienced insurance agents would be glad to help answer any questions you may have and provide free insurance quotes.
Our Expert Recommendations
We highly recommend Mutual of Omaha to our clients here at Bluewave Insurance. We believe that they offer exceptional life insurance products that will be able to adapt and fit your needs over the years. Most of all they give you and your loved ones peace of mind. Instead of worrying about how folks will pay for their funeral, loved ones can focus on mourning and healing. Planing for the end of life final expense is never easy. But we are confident that with Mutual of Omaha burial life insurance company it can lift a lot of worries.
thumbIf you would like to learn more about burial insurance and different providers and plans, give us a call at 800-208-4974. One of our trusted insurance agents would be glad to provide you a free quote comparison and consultation.
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