Who Is Mutual of Omaha?
United of Omaha burial insurance is a whole life insurance plan with relaxed underwriting. This helps seniors with health issues qualify. Coverage ranges from $2,000 to $40,000.
Final expense insurance has payouts that are the size needed for burial and funeral expenses. But you can use the money for anything.
These policies are straightforward to understand. Here are some details to know:
- Premiums are fixed and can never increase
- Policies never expire
- Coverage never decreases
- Policies build cash value
- Pays out your coverage amount with a tax-free cashier’s check
There are no restrictions on how you can use the money. That’s great because every funeral home in the nation takes cash.
If there is money left over, it will stay with your beneficiary.
Also, every Mutual of Omaha final expense insurance policy comes with two riders:
- Terminal Illness Rider: If you’re diagnosed with a terminal illness and have less than 12 months to live, you can get up to 50% of your death benefit while you are alive
- Nursing Home Confinement Rider: If you’re confined to a nursing home for 90 days in a row, you can receive up to 50% of your death benefit
You do NOT pay for these riders. They are bundled with the policy at no cost to you.
No Comments yet!