Life Insurance Policies, Coverage & Quotes
Life insurance can provide some peace of mind by ensuring your beneficiaries are financially secure in the event of your death. Learn about term and permanent policies, and create an insurance plan to help ease the financial burden on your loved ones. This insurance coverage can help pay off debts, living costs and final expenses.
Why do I need life insurance?
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Provide coverage for end-of-life expenses
Funerals are expensive. Depending on your needs, expenses can range from a few thousand dollars to over $9,000.* The death benefit from a life insurance policy can cover funeral expenses, burial or cremation costs, and other related fees.
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Avoid debt and financial strain
Life insurance offers a financial safety net for your loved ones and beneficiaries, helping them manage daily expenses, outstanding debts, and future costs like education if you're no longer around to provide income.
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Provide peace of mind for you and your family
The death benefit can cover immediate expenses like funeral costs and ongoing bills, giving your family the space to grieve without added financial stress. This ensures your beneficiaries won’t need to tap into savings or incur debt.
Find a policy, get a quote
Compare the cost in premiums vs the coverage you need by reviewing a policy and getting a quote. By answering a few questions, you can use our online quote tool to see what coverage fits you best. You can start with a coverage amount or a monthly premium amount.
Frequently Asked Questions
Term life insurance is a type of policy where coverage spans for a designated “term,” usually ranging from 10 to 30 years. In exceptional cases, this term could stretch further. If the policyholder passes away within the coverage period, the beneficiaries receive the death benefits. Should the policyholder outlive the term, the coverage ends and no benefit is paid.
By contrast, whole life insurance is a type of permanent insurance policy that provides coverage for your entire life as long as premiums are paid; unlike term life, which only covers you for a specific period. With a whole life policy, a portion of your premium goes into a cash value investment that grows tax-deferred over time. Certain whole life policies, such as final expense policies, do not require a medical exam or health questions.
Your coverage needs depend on factors such as your age, your financial strength, and your family’s circumstances. In general, the earlier you are in life and the more financially dependent your loved ones are on you, the more coverage you need. Mutual of Omaha offers an online calculator that might help you determine your coverage needs.
There are many factors that should be considered in choosing life insurance, including short-term and long-term cost, coverage and cash value. Life insurance is meant to give you peace of mind, not to put a strain on your budget. We can work with you to identify an affordable life insurance policy that meets your family’s coverage needs.
Applying for life insurance with Mutual of Omaha is simple and convenient. Start by visiting our Life Insurance Product Comparison page to review the different plans and choose the one that best fits your needs. For many products, you can get a free quote online to see coverage options and costs before applying. Once you’ve selected a plan, you can complete your application securely through our website or, if you prefer personal guidance, connect with a licensed agent who will walk you through the process. If you have questions along the way, our FAQs and customer support team are available to help. Begin today and take the first step toward protecting what matters most—your family.
Have more questions?
Find the answers on our frequently asked questions page. Learn more about the types of policies and view common questions and answers about policies and coverage.
Read articles about life insurance
What is Whole Life Insurance?
In this article, we’ll walk you through some important points to help you build an understanding of whole life insurance, so you can decide if it is the right fit for you.
The Value of Whole Life insurance
When you purchase a guaranteed whole life policy, the greatest value you’ll receive is knowing your legacy and loved ones will be protected when you’re gone.
Term vs Whole Life insurance: Making the Choice
Choosing between term and whole life insurance depends on your financial goals, coverage needs, and budget.
Learn more about the costs of life insurance
Our planning and advice articles are a great way to learn more about the types of life insurance and find tools for calculating coverage needs.