Mutual Of Omaha Simplified Issue Life Insurance 2025

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Speed vs. Thoroughness: Simplified Issue offers quick approval without a medical exam, while a standard life insurance policy involves full medical underwriting, including a life insurance medical exam.
Mutual of Omaha is a great option if youre looking for a guaranteed whole life policy or childrens whole life insurance. It also benefits from higher-than-average age limits and highly rated customer service.
If the insured dies within the first 2 years of the policy, the beneficiary will receive 110% of the premiums paid instead of the full death benefit. The only exception is an accidental death, which will pay out 100% of the death benefit, not just refund the premiums paid.
Mutual of Omaha asserts that the insurance companys refusal to sell him a long-term care policy is based on its categorical exclusion of anyone who is HIV-negative and takes PrEP. Doe asserts that Mutuals blanket exclusion is sexual orientation discrimination because 80% of PrEP users are men.
Life insurance policies have a two-year contestable period. This means if you die within this period, the company may investigate the cause of death and review your application. If you die after two years of buying the policy, the company must pay the death benefit.