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Mutual of Omaha

Whole life insurance  

A type of permanent life insurance coverage designed to provide protection for your family by locking in benefits that can help pay for end-of-life expenses, as well as cash value that can be accessed in an emergency. Whole life is available for people aged 45-85 (in NY, ages 50-75) only.

  • Whole life coverage may be right if you:

  • Need coverage that doesn’t require a medical exam or health questions

  • Have a tight budget or fixed income and need a premium that won’t increase

  • Need coverage for burial, funeral, or other final expenses, or to pay off debts

  • Would like to supplement existing insurance coverage

  • Want to build cash value and have access to funds in an emergency

Term Life Insurance

This affordable, simple coverage helps protect your family by replacing your lost income in the event of a death. Term life lasts for a specific amount of time and its payments will never increase.

Term life coverage may be right if you:

  • Require coverage for a certain period of time, such as until your children are grown

  • Want to help your family maintain their lifestyle or stay in their current home if you’re no longer around

  • Need to make sure debts, such as a car loan or credit card, are paid off

  • Are just entering your prime earning years and need an affordable premium

Universal Life Insurance

Universal life is permanent, flexible insurance coverage. It includes the opportunity to adjust the premium and the death benefit, as well as accumulate cash value on a tax-deferred basis.

Universal life coverage may be right if you:

  • Need coverage to protect your loved ones from the financial consequences of your death

  • Value the opportunity to accumulate cash value that you can later access to pay for expenses such as college funding or emergencies

  • Want the flexibility to adjust your payments and death benefit amount*

  • Have maxed out your IRA or 401(k) and need additional options to save for retirement

Accidental Death Insurance

Accidental death insurance provides financial support for your loved ones if you die in a covered accident. It’s available for anyone between the ages of 18-70; because this is guaranteed protection, you cannot be turned down if you qualify based on age.

Accidental Death coverage may be right if you:

  • Want to provide protection for your family in the event of an unexpected covered accident

  • Need to supplement existing life insurance coverage

  • Cannot qualify for other types of life insurance due to age, occupation or health conditions

  • Are on a tight budget or need coverage quickly

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