United of Omaha Living Promise | Final Expense
Company Description
United of Omaha is part of the Mutual of Omaha family of companies. Mutual of Omaha Life Insurance Company was founded in 1909, successfully serving its policyholders for over 100 years. They offer an array of products that include life insurance, fixed annuities, Medicare supplement, and other types of insurance.
Product Description:
Living Promise is designed to help provide affordable protection that pays benefits directly to the person you choose to take care of your outstanding medical bills, unexpected expenses or debt that you may leave behind.
United of Omaha Living Promise Final Expense Options:
Level Benefit Plan Features:
- For ages 45-85
- Face amounts from $2,000 to $40,000 (in WA, $5,000 to $40,000)
- Accelerated Death Benefit for Terminal Illness or Nursing Home Confinement
- Optional: Accidental Death Benefit Rider
Graded Benefit Plan Features:
- For ages 45-80 (in NY, 50-75)
- Face amounts from $2,000 to $20,000 (in WA, $5000 – $20,000)
- This policy contains a graded benefit meaning that for death due to natural causes (any cause other than accidental) during the first two years, the beneficiary will receive all premiums plus 10 percent. After the two years, the full benefit is paid for death due to all causes. Full death benefits will be paid, in all years, if death results from an accidental bodily injury
Plus:
- We offer competitive premiums that fit many budgets
- Simplified underwriting. No medical exam – coverage is based on your answers to a few simple health questions.
- A great product with a strong brand and from a stable and secure company that you know *Not available in AR, MT, NC.
Additional Benefits:
- Accelerated Death Benefit for Terminal Illness or Nursing Home Confinement (ICC12L084R): Allows the owner a one-time election to receive the Accelerated Benefit if the insured is either: (a) diagnosed as having a terminal illness that, with a reasonable degree of certainty, will result in the insured’s death within 12 months or less from the date a physician signs the statement of proof of terminal illness, or (b) has been confined to a nursing home for 90 consecutive days or more and is expected to remain confined in a nursing home for the duration of the insured’s life.
- Accelerated Death Benefit for Terminal Illness or Chronic Illness Rider in FL (D359LFL12R): Allows the owner a one-time election to receive the Accelerated Benefit if the insured is either: (a) diagnosed as having a terminal illness that, with a reasonable degree of certainty, will result in the insured’s death within 12 months or less from the date a physician signs the statement of proof of terminal illness, or (b) certified by a physician that the insured is unable to perform (without substantial assistance from another person) at least two activities of daily living due to a chronic illness.
- Accelerated Death Benefit for Terminal Illness Rider in CT (D358LCT12R): Allows the owner a one-time election to receive the Accelerated Benefit if the insured is diagnosed as having a terminal illness that, with a reasonable degree of certainty, will result in the insured’s death within 12 months or less from the date a physician signs the statement of proof of terminal illness. Optional:
- Accidental Death Benefit Rider (ICC12L082R) This rider provides an additional death benefit equal to the policy’s face amount if the death of the insured results from accidental bodily injury and independently of sickness and all other causes. (additional premium required)
Policy Exclusion
The death benefit will not be paid if the insured commits suicide, while sane or insane, within two years from the contestability date (in ND, within one year). Instead, we return all premiums paid, minus any loan. **May
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*Whole life insurance is underwritten
