Life insurance is a great safety net to have, no matter how old you are or the occupation you have. Providing your beneficiaries with financial peace of mind upon your passing is in the best interest of you and your loved ones. However, exploring the insurance marketplace can be overwhelming for some. It’s important to know what these insurers have to provide in terms of life insurance coverage, and their history of payouts on policies. This includes companies like United of Omaha.
1. Easy insurance quotes when you work with a broker.
When choosing a life insurance policy, you want to explore the ins and outs of an insurance quote to understand what your premium is affording you each month in coverage. Insurance agencies offer quotes for United of Omaha Life Insurance policies and recognize the need for life insurance with the greatest immediacy possible. They seek to provide quick quotes in the underwriting process to make sure that a policyholder has coverage in place. Among the most common forms of life insurance are term life and whole life insurance.
Term life insurance offers life insurance coverage for a specific period of time, usually ranging anywhere from 10 to 30 years. These policies can expire and be renewed, or you could simply lose coverage by no longer paying the premium. Whole life insurance offers lifetime protection, as well as a financial option to borrow against. This coverage allows you to borrow against your death benefit, paying it back as a loan over time. This could impact the payout to your beneficiaries in the event that you are not able to pay back on the whole life policy before your passing.
2. United of Omaha offers life insurance without a required medical exam.
Most insurers require a physical exam upon signing up for a life insurance policy. This is how insurers are able to better assess a policyholder as overall risk. Premiums are impacted by everything from the age of the policyholder to medical history, tobacco use, and even the line of work they are in. When exploring insurance coverage, you may be hesitant to agree to a physical exam. The good news is that United of Omaha does not close the door on potential clients over not wanting to get a checkup.
There are options when applying for permanent life insurance that does not require a medical exam. These insurance policies may run higher in premium but will avoid any exclusion like those who undergo examination. Final expense insurance—also known as burial insurance—is one of the most thoughtful gifts you can give your family and loved ones. This form of life insurance helps cover end-of-life costs, including funeral expenses, medical bills, and any other debt you don’t want to pass on to those closest to you. After debts are covered, any remaining funds can be used how your loved ones see most fit.
3. United of Omaha is a part of Mutual of Omaha.
When signing on for a life insurance policy, you want to be sure that you’re entrusting a potential payout with an insurance company that will accommodate your death benefit upon passing. The good news is that United of Omaha falls under the umbrella of Mutual of Omaha. Since 1909, Mutual of Omaha has focused on helping customers protect what they care about and help them achieve their financial goals.
United of Omaha Life Insurance Company, which is Mutual of Omaha Insurance Company’s main subsidiary, focuses on providing individual life and annuity products to its customers. With an A.M. Best superior rating of A+, and a strong A+ from Standard and Poor, policyholders have peace of mind in knowing there is a slim to nil chance of default on their life insurance plan, assuring payout depending on your insurance plan, the scope of coverage, and the circumstances of your passing.