---
title: Mutual of Omaha Life Insurance Review (2026): Products and Facts
url: https://coverfolk.com/reviews/mutual-of-omaha
updated: 2026-10-08
---

# Mutual of Omaha life insurance review

Updated October 8, 2026[Fact checked](/editorial-standards)

At a glance**Mutual of Omaha**

* Living Promise Level BenefitAges 45 to 85
* Living Promise Graded BenefitAges 45 to 80
* Guaranteed Whole LifeAges 45 to 85

Financial strength: AM Best affirmed an A+ (Superior) rating for Mutual of Omaha Insurance Company and its subsidiaries, including United of Omaha Life Insurance Company, on March 13, 2025, with a stable outlook.

The short answer

Mutual of Omaha sells final expense, guaranteed whole life and term life insurance through United of Omaha Life Insurance Company. Its Living Promise plan asks a few health questions, while its Guaranteed Whole Life plan asks none but pays a reduced benefit in the first 2 years.

## What Mutual of Omaha sells

| Product | What it is | Ages | Coverage |
| --- | --- | --- | --- |
| **Living Promise Level Benefit** | Final expense whole life. A few health questions, no exam. Full benefit from day one. | 45 to 85 | $2,000 to $50,000 ($5,000 to $50,000 in WA) |
| **Living Promise Graded Benefit** | Final expense whole life for people who do not qualify for Level. Limited benefit in the first 2 years. | 45 to 80 | $2,000 to $20,000 ($5,000 to $20,000 in WA) |
| **Guaranteed Whole Life** | Whole life with no health questions or exam. Reduced benefit in the first 2 years for natural causes. | 45 to 85 (NY 50 to 75) | $2,000 to $25,000 ($5,000 to $25,000 in WA). $25,000 total max per person. |
| **Term Life Express / Term Life Answers** | Term life with level terms of 10, 15, 20 or 30 years. Can convert to a permanent plan. | Not listed on the page | Not listed on the page |

## Key facts

* Financial strength: AM Best affirmed an A+ (Superior) rating for Mutual of Omaha Insurance Company and its subsidiaries, including United of Omaha Life Insurance Company, on March 13, 2025, with a stable outlook. A dealer site reports AM Best affirmed it again on April 2, 2026.
* Living Promise Graded waiting period: if death is from natural causes in the first 2 years, the beneficiary gets all premiums paid plus 10%. Accidental death pays the full benefit in all years.
* Guaranteed Whole Life waiting period: if death is from sickness or natural causes in the first 2 years, a reduced benefit is paid.
* Guaranteed Whole Life pricing: Mutual of Omaha says premiums are guaranteed not to go up. Its national rate chart shows $50.00 a month for a woman and $68.50 a month for a man, age 65, for $10,000 (rate chart loaded October 7, 2026).
* Suicide in the first 2 years (1 year in ND and MN) is not covered. Premiums paid are returned instead.
* In New York, coverage is issued by Companion Life Insurance Company.
* Complaint data: you can look up this company's complaint record on the NAIC Consumer Insurance Search site. We did not pull a complaint index number for this page.

## Watch out for

* Living Promise Graded and Guaranteed Whole Life both limit the benefit for natural death in the first 2 years.
* Guaranteed Whole Life tops out at $25,000 total per person, which may not cover a full funeral.
* Mutual of Omaha says its final expense policies do not cover funeral goods or services directly and may not cover the whole cost of a funeral.

## Who it may fit

* People ages 45 to 85 in fair health who can answer a few health questions (Living Promise Level).
* People who cannot pass health questions and want a small guaranteed policy.
* Working age people who want level term for 10 to 30 years.

Want to compare? A licensed agent can quote Mutual of Omaha next to other companies so you see the full picture. Check any company's complaint record with the [NAIC Consumer Information Source](https://content.naic.org/cis_consumer_information.htm).

## Common questions

What is the difference between Living Promise and Guaranteed Whole Life?

Living Promise asks a few health questions and can pay the full benefit from day one. Guaranteed Whole Life asks no health questions but pays a reduced benefit for natural death in the first 2 years.

What does the Graded plan pay in the first 2 years?

If death is from natural causes, it pays back all premiums plus 10%. If death is from an accident, it pays the full benefit.

Can my premium go up?

Mutual of Omaha says Guaranteed Whole Life premiums are guaranteed not to go up.

## Sources

1. [Mutual of Omaha: Whole Life Insurance](https://www.mutualofomaha.com/life-insurance/whole-life-insurance)
2. [Mutual of Omaha: Final Expense Insurance (policy forms and disclosures)](https://www.mutualofomaha.com/life-insurance/final-expense-insurance)
3. [Mutual of Omaha: Term Life Insurance](https://www.mutualofomaha.com/life-insurance/term-life-insurance)
4. [Mutual of Omaha: Guaranteed Whole Life Rate Chart (National)](https://cdn.mutualofomaha.com/mutualofomaha/documents/pdfs/life-insurance/digital-fulfillment/Rate-Chart-National.pdf)
5. [United of Omaha: Living Promise Highlight Sheet (hosted by an agency)](https://ociservices.com/wp-content/uploads/2024/10/Mutual-of-Omaha-Living-Promise-Highlight-Sheet.pdf)
6. [AM Best Affirms Credit Ratings of Mutual of Omaha Insurance Company and Its Subsidiaries, Mar. 13, 2025](https://www.businesswire.com/news/home/20250313253696/en/AM-Best-Affirms-Credit-Ratings-of-Mutual-of-Omaha-Insurance-Company-and-Its-Subsidiaries)
7. [Mutual of Omaha newsroom: AM Best affirms rating](https://www.mutualofomaha.com/about/newsroom/article/am-best-affirms-rating-of-mutual-of-omaha-and-subsidiaries)
8. [GoldenCare: AM Best affirms rating of Mutual of Omaha, Apr. 2, 2026](https://www.goldencareagent.com/am-best-affirms-rating-of-mutual-of-omaha-and-subsidiaries-0626/)
9. [NAIC Consumer Insurance Search (complaint lookup)](https://content.naic.org/cis_consumer_information.htm)