Mutual of Omaha Whole Life Insurance Rates

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Like most people, you probably think of life insurance as something you buy to protect your loved ones financially if something happens to you.

And that’s an important part of it. But many people don’t realize that life insurance can also be a great way to save money and plan for the future.

In this post, we’ll look at how Mutual of Omaha Living Promise whole life insurance rates compare to other types of life insurance policies, and we’ll help you decide if this type of policy is right for you.

For a more in-depth look at Mutual of Omaha’s life insurance rates, GetSure has published an excellent year-by-year look at Mutual of Omaha’s Living Promise rates.

Who is Mutual of Omaha life insurance?

Mutual of Omaha is a leading provider of life insurance, disability income insurance, and long-term care insurance.

The company was founded in 1909, and over the past century, it has grown to serve more than 4 million customers in the United States.

Mutual of Omaha is committed to providing quality products and services that help people protect their families and plan for the future.

The company has a solid financial rating and is consistently recognized for its outstanding customer service.

In addition, Mutual of Omaha is a leader in corporate social responsibility, and it has been named one of the “World’s Most Ethical Companies” by the Ethisphere Institute.

This article will focus on their whole life insurance policy, not their indexed universal life insurance coverage, their term life answers policy, or Mutual of Omaha’s term life express product.

What is whole life insurance?

Whole life insurance is a type of permanent life insurance policy that provides coverage for the policyholder’s entire life.

Unlike term life insurance, which only provides coverage for a set period of time, whole life insurance pays out a death benefit regardless of when the policyholder dies.

Whole life insurance policies also typically include an investment component, known as the cash value, which grows over time and can be used to help cover the costs of the policy.

Because whole life insurance offers both protection and an investment opportunity, it can be an appealing option for many people.

However, it is important to note that whole life insurance policies are typically more expensive than term life insurance policies. As a result, it is important to carefully consider whether whole life insurance is the right choice for you.

What Is Mutual of Omaha’s Living Promise Whole Life Insurance Product?

Mutual of Omaha’s living promise whole life insurance is a type of permanent life insurance that offers guaranteed coverage for as long as you live.

The policy also includes a cash value component that grows over time, providing you with a nest egg that you can use in retirement or in case of an unexpected financial emergency.

In addition, the policy provides a death benefit that can help your loved ones cover expenses if you pass away.

While the premiums for whole life insurance are typically higher than those for term life insurance, the coverage is more affordable than you might think.

And, because the policy is permanent, you won’t have to worry about your coverage lapsing if you experience a change in health or job status.

As a result, Mutual of Omaha’s living promise whole life insurance provides peace of mind and financial security for you and your family.

While Mutual of Omaha DOES sell a guaranteed whole life insurance product directly, it does NOT sell its Living Promise Whole Life Insurance Policies directly. You must buy them through an independent agent, such as GetSure.

Mutual of Omaha Life Insurance Rates

Below you’ll find a sampling of life insurance rates for Mutual of Omaha’s Living Promise whole life insurance product.  

How much is Mutual of Omaha Living Promise whole life insurance for age 50?

$5,000 of Coverage for age 50 men

For 50-year-old men who are NOT smokers, $5,000 of whole life coverage from Mutual of Omaha will be $1.32 a month, or $14.81 a year.

If you ARE a smoker, then your monthly premium payment will be $1.66 a month, or $18.60 a year.

$10,000 of Coverage for age 50 men

For age 50 men who are NOT smokers, $10,000 of whole life coverage from Mutual of Omaha will be $2.45 a month, or $27.47 a year.

If you ARE a smoker, then your monthly premium payment will be $3.22 a month, or $36.13 a year.

$20,000 of Coverage for age 50 men

For 50 year old men who are NOT smokers, $20,000 of whole life coverage from Mutual of Omaha will be $4.89 a month, or $54.95 a year.

If you ARE a smoker, then your monthly premium payment will be $6.34 a month, or $71.20 a year.

$5,000 of Coverage for age 50 women

For 50 year old women who are NOT smokers, $5,000 of whole life coverage from Mutual of Omaha will be $1.03 a month, or $11.62 a year.

If you ARE a smoker, then your monthly premium payment will be $1.36 a month, or $15.24 a year.

$10,000 of Coverage for age 50 women

For 50 year old women who are NOT smokers, $10,000 of whole life coverage from Mutual of Omaha will be $1.97 a month, or $22.17 a year.

If you ARE a smoker, then your monthly premium payment will be $2.62 a month, or $29.41 a year.

$20,000 of Coverage for age 50 women

For 50 year old women who are NOT smokers, $20,000 of whole life coverage from Mutual of Omaha will be $3.85 a month, or $43.27 a year.

If you ARE a smoker, then your monthly premium payment will be $5.14 a month, or $57.74 a year.

How much is Mutual of Omaha Living Promise whole life insurance for age 60?

$5,000 of Coverage for age 60 men

For age 60 men who are NOT smokers, $5,000 of whole life coverage from Mutual of Omaha will be $1.90 a month, or $21.30 a year.

If you ARE a smoker, your monthly premium payment will be $2.61 a month or $29.29 a year.

$10,000 of Coverage for age 60 men

For age 60 men who are NOT smokers, $10,000 of whole life coverage from Mutual of Omaha will be $3.60 a month, or $40.47 a year.

If you ARE a smoker, your monthly premium payment will be $5.12 a month, or $57.50 a year.

$20,000 of Coverage for age 60 men

For age 60 men who are NOT smokers, $20,000 of whole life coverage from Mutual of Omaha will be $7.20 a month or $80.94 a year.

If you ARE a smoker, your monthly premium payment will be $10.14 a month or $113.94 a year.

$5,000 of Coverage for age 60 women

For age 60 women who are NOT smokers, $5,000 of whole life coverage from Mutual of Omaha will be $1.42 a month, or $15.90 a year.

If you ARE a smoker, your monthly premium payment will be $1.96 a month or $22.06 a year.

$10,000 of Coverage for age 60 women

For age 60 women who are NOT smokers, $10,000 of whole life coverage from Mutual of Omaha will be $2.74 a month, or $30.73 a year.

If you ARE a smoker, your monthly premium payment will be $3.83 a month or $43.05 a year.

$20,000 of Coverage for age 60 women

For age 60 women who are NOT smokers, $20,000 of whole life coverage from Mutual of Omaha will be $5.38 a month, or $60.40 a year.

If you ARE a smoker, your monthly premium payment will be $7.57 a month or $85.03 a year.

Conclusion

Mutual of Omaha offers affordable whole life insurance for people of all ages. Whether you are a male or female, smoker or non-smoker, they have a policy that will fit your needs. So what are you waiting for?