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Mutual of Omaha Whole Life Insurance Rates For Seniors (2023)

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There is a real lack of price transparency in life insurance.  We’re working to shed some light on this.

Below, you’ll find monthly and annual rates for Mutual of Omaha’s Living Promise Level Benefit and Graded Benefit products.

If you’re looking for our full Mutual of Omaha life insurance review, see the linked article.

What Is Mutual of Omaha’s Living Promise Product?

Level Benefit Plan

  • Death Benefit: 100%
  • Issue Ages: 45-85
  • Face Amounts: $2,000 – $40,000 (in WA, $25,000 – $40,000)
  • Underwriting Classes: Standard Tobacco/Non-tobacco
  • Underwriting Requirements: MIB, pharmaceutical check, random
    phone interviews

Graded Benefit Plan

  • Death Benefit: 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 paid 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
  • Issue Ages: 45-80 (in NY, 50-75)
  • Face Amounts: $2,000 − $20,000
  • Underwriting Class: Standard (no tobacco distinction)
  • Underwriting Requirements: MIB, pharmaceutical check, random
    phone interviews
  • Not available: In AR, MT, NC or WA

Mutual of Omaha Whole Life Insurance Rates

This first things we’ll cover in this section are the summary tables for Mutual of Omaha’s Living Promise Level Benefit whole life insurance rates for men and women who are not tobacco users.

Level Benefit Rates By Age & Coverage Amount (Summary Tables)

The first table shows the rates for men ages 45-85 for coverage amounts of $5,000, $10,000, $15,000, $20,000, and $25,000.  Note that these rates are for individuals who are not tobacco users.

Rates By Age And Coverage Amount (Male Non-Tobacco)
Age$5,000 $10,000 $15,000 $20,000 $25,000
45$11.95 $23.91 $35.86 $47.81 $59.76
46$12.24 $24.48 $36.71 $48.95 $61.19
47$12.57 $25.13 $37.70 $50.27 $62.83
48$12.93 $25.86 $38.80 $51.73 $64.66
49$13.35 $26.69 $40.04 $53.38 $66.73
50$13.74 $27.47 $41.21 $54.95 $68.69
51$14.12 $28.24 $42.36 $56.48 $70.60
52$14.44 $28.87 $43.31 $57.74 $72.18
53$14.77 $29.53 $44.30 $59.06 $73.83
54$15.52 $31.03 $46.55 $62.07 $77.59
55$16.37 $32.74 $49.11 $65.49 $81.86
56$17.10 $34.19 $51.29 $68.39 $85.48
57$17.79 $35.58 $53.37 $71.16 $88.96
58$18.51 $37.02 $55.52 $74.03 $92.54
59$19.32 $38.63 $57.95 $77.27 $96.59
60$20.28 $40.56 $60.84 $81.11 $101.39
61$21.60 $43.21 $64.81 $86.42 $108.02
62$22.93 $45.86 $68.79 $91.72 $114.65
63$24.01 $48.02 $72.02 $96.03 $120.04
64$25.19 $50.37 $75.56 $100.75 $125.94
65$26.64 $53.28 $79.91 $106.55 $133.19
66$28.32 $56.65 $84.97 $113.30 $141.62
67$29.99 $59.98 $89.97 $119.95 $149.94
68$31.82 $63.64 $95.45 $127.27 $159.09
69$33.79 $67.59 $101.38 $135.17 $168.97
70$35.70 $71.40 $107.11 $142.81 $178.51
71$37.80 $75.61 $113.41 $151.21 $189.01
72$40.39 $80.79 $121.18 $161.57 $201.96
73$43.13 $86.26 $129.39 $172.52 $215.65
74$45.83 $91.66 $137.49 $183.32 $229.15
75$48.38 $96.77 $145.15 $193.54 $241.92
76$51.92 $103.84 $155.75 $207.67 $259.59
77$55.46 $110.93 $166.39 $221.86 $277.32
78$59.47 $118.93 $178.40 $237.86 $297.33
79$63.16 $126.32 $189.48 $252.64 $315.79
80$68.26 $136.53 $204.79 $273.05 $341.32
81$73.37 $146.74 $220.11 $293.49 $366.86
82$78.48 $156.96 $235.44 $313.92 $392.40
83$83.91 $167.82 $251.73 $335.64 $419.55
84$89.34 $178.68 $268.01 $357.35 $446.69
85$94.77 $189.53 $284.30 $379.07 $473.84

The second table shows the rates for women ages 45-85 for coverage amounts of $5,000, $10,000, $15,000, $20,000, and $25,000. Again, these rates are for individuals who are not tobacco users.

Rates By Age and Coverage Amount (Female Non-Tobacco)
Age$5,000 $10,000 $15,000 $20,000 $25,000
45$9.70 $19.40 $29.10 $38.80 $48.51
46$9.91 $19.82 $29.73 $39.64 $49.55
47$10.10 $20.19 $30.29 $40.39 $50.49
48$10.32 $20.65 $30.97 $41.30 $51.62
49$10.64 $21.28 $31.92 $42.56 $53.20
50$10.55 $21.10 $31.65 $42.20 $52.75
51$10.93 $21.87 $32.80 $43.73 $54.67
52$11.31 $22.61 $33.92 $45.23 $56.54
53$11.62 $23.24 $34.86 $46.48 $58.09
54$11.94 $23.88 $35.82 $47.76 $59.70
55$12.25 $24.50 $36.75 $49.00 $61.25
56$12.69 $25.38 $38.07 $50.77 $63.46
57$13.39 $26.78 $40.17 $53.56 $66.95
58$13.81 $27.63 $41.44 $55.25 $69.06
59$14.25 $28.50 $42.75 $57.00 $71.24
60$14.83 $29.66 $44.50 $59.33 $74.16
61$15.66 $31.31 $46.97 $62.62 $78.28
62$16.43 $32.86 $49.29 $65.72 $82.15
63$17.26 $34.51 $51.77 $69.03 $86.29
64$18.08 $36.16 $54.24 $72.32 $90.40
65$18.90 $37.81 $56.71 $75.61 $94.52
66$20.12 $40.24 $60.36 $80.47 $100.59
67$21.33 $42.66 $63.99 $85.32 $106.64
68$22.54 $45.09 $67.63 $90.17 $112.72
69$23.80 $47.61 $71.41 $95.21 $119.02
70$25.02 $50.04 $75.05 $100.07 $125.09
71$26.50 $53.00 $79.50 $106.00 $132.50
72$27.63 $55.25 $82.88 $110.50 $138.13
73$30.17 $60.34 $90.51 $120.68 $150.86
74$32.29 $64.58 $96.87 $129.16 $161.45
75$34.60 $69.21 $103.81 $138.41 $173.02
76$37.52 $75.04 $112.57 $150.09 $187.61
77$40.15 $80.30 $120.46 $160.61 $200.76
78$42.62 $85.24 $127.85 $170.47 $213.09
79$45.11 $90.21 $135.32 $180.42 $225.53
80$47.62 $95.23 $142.85 $190.46 $238.08
81$51.50 $103.01 $154.51 $206.02 $257.52
82$55.38 $110.75 $166.13 $221.50 $276.88
83$59.05 $118.10 $177.15 $236.21 $295.26
84$62.67 $125.35 $188.02 $250.70 $313.37
85$66.35 $132.70 $199.05 $265.40 $331.75

Mutual of Omaha Final Expense Whole Life Insurance Rates By Age

How much is Mutual of Omaha whole life insurance for a 45 year old?

$5,000 of Coverage for 45-year-old men

If you are a 45 year old male and NOT a tobacco user, then $5,000 of whole life coverage from Mutual of Omaha will cost you $11.95 per month, or $134.30 per year.

If you ARE a tobacco user, then your monthly rate will be $16.51 per month, or $185.50 per year.

$15,000 of Coverage for 45-year-old men

If you are a 45 year old male and NOT a tobacco user, then $15,000 of whole life coverage from Mutual of Omaha will cost you $35.86 per month, or $402.90 per year.

If you ARE a tobacco user, then your monthly rate will be $49.53 per month, or $556.50 per year.

$25,000 of Coverage for 45-year-old men

If you are a 45 year old male and NOT a tobacco user, then $25,000 of whole life coverage from Mutual of Omaha will cost you $59.76 per month, or $671.50 per year.

If you ARE a tobacco user, then your monthly rate will be $82.55 per month, or $927.50 per year.

How much is Mutual of Omaha whole life insurance for a 50 year old?

$5,000 of Coverage for 50-year-old men

If you are a 50 year old male and NOT a tobacco user, then $5,000 of whole life coverage from Mutual of Omaha will cost you $13.74 per month, or $154.35 per year.

If you ARE a tobacco user, then your monthly rate will be $17.53 per month, or $197.00 per year.

$15,000 of Coverage for 50-year-old men

If you are a 50 year old male and NOT a tobacco user, then $15,000 of whole life coverage from Mutual of Omaha will cost you $41.21 per month, or $463.05 per year.

If you ARE a tobacco user, then your monthly rate will be $52.60 per month, or $591.00 per year.

$25,000 of Coverage for 50-year-old men

If you are a 50 year old male and NOT a tobacco user, then $25,000 of whole life coverage from Mutual of Omaha will cost you $68.69 per month, or $771.75 per year.

If you ARE a tobacco user, then your monthly rate will be $87.67 per month, or $985.00 per year.

How much is Mutual of Omaha whole life insurance for a 55 year old?

$5,000 of Coverage for 55-year-old men

If you are a 55 year old male and NOT a tobacco user, then $5,000 of whole life coverage from Mutual of Omaha will cost you $16.37 per month, or $183.95 per year.

If you ARE a tobacco user, then your monthly rate will be $22.29 per month, or $250.40 per year.

$15,000 of Coverage for 55-year-old men

If you are a 55 year old male and NOT a tobacco user, then $15,000 of whole life coverage from Mutual of Omaha will cost you $49.11 per month, or $551.85 per year.

If you ARE a tobacco user, then your monthly rate will be $66.86 per month, or $751.20 per year.

$25,000 of Coverage for 55-year-old men

If you are a 55 year old male and NOT a tobacco user, then $25,000 of whole life coverage from Mutual of Omaha will cost you $81.86 per month, or $919.75 per year.

If you ARE a tobacco user, then your monthly rate will be $111.43 per month, or $1,252.00 per year.

How much is Mutual of Omaha whole life insurance for a 60 year old?

$5,000 of Coverage for 60-year-old men

If you are a 60 year old male and NOT a tobacco user, then $5,000 of whole life coverage from Mutual of Omaha will cost you $20.28 per month, or $227.85 per year.

If you ARE a tobacco user, then your monthly rate will be $28.22 per month, or $317.05 per year.

$15,000 of Coverage for 60-year-old men

If you are a 60 year old male and NOT a tobacco user, then $15,000 of whole life coverage from Mutual of Omaha will cost you $60.84 per month, or $683.55 per year.

If you ARE a tobacco user, then your monthly rate will be $84.65 per month, or $951.15 per year.

$25,000 of Coverage for 60-year-old men

If you are a 60 year old male and NOT a tobacco user, then $25,000 of whole life coverage from Mutual of Omaha will cost you $101.39 per month, or $1,139.25 per year.

If you ARE a tobacco user, then your monthly rate will be $141.09 per month, or $1,585.25 per year.

How much is Mutual of Omaha whole life insurance for a 65 year old?

$5,000 of Coverage for 65-year-old men

If you are a 65 year old male and NOT a tobacco user, then $5,000 of whole life coverage from Mutual of Omaha will cost you $26.64 per month, or $299.30 per year.

If you ARE a tobacco user, then your monthly rate will be $38.31 per month, or $430.50 per year.

$15,000 of Coverage for 65-year-old men

If you are a 65 year old male and NOT a tobacco user, then $15,000 of whole life coverage from Mutual of Omaha will cost you $79.91 per month, or $897.90 per year.

If you ARE a tobacco user, then your monthly rate will be $114.94 per month, or $1,291.50 per year.

$25,000 of Coverage for 65-year-old men

If you are a 65 year old male and NOT a tobacco user, then $25,000 of whole life coverage from Mutual of Omaha will cost you $133.19 per month, or $1,496.50 per year.

If you ARE a tobacco user, then your monthly rate will be $191.57 per month, or $2,152.50 per year.

How much is Mutual of Omaha whole life insurance for a 70 year old?

$5,000 of Coverage for 70-year-old men

If you are a 70 year old male and NOT a tobacco user, then $5,000 of whole life coverage from Mutual of Omaha will cost you $35.70 per month, or $401.15 per year.

If you ARE a tobacco user, then your monthly rate will be $52.08 per month, or $585.15 per year.

$15,000 of Coverage for 70-year-old men

If you are a 70 year old male and NOT a tobacco user, then $15,000 of whole life coverage from Mutual of Omaha will cost you $107.11 per month, or $1,203.45 per year.

If you ARE a tobacco user, then your monthly rate will be $156.24 per month, or $1,755.45 per year.

$25,000 of Coverage for 70-year-old men

If you are a 70 year old male and NOT a tobacco user, then $25,000 of whole life coverage from Mutual of Omaha will cost you $178.51 per month, or $2,005.75 per year.

If you ARE a tobacco user, then your monthly rate will be $260.39 per month, or $2,925.75 per year.

How much is Mutual of Omaha whole life insurance for a 75 year old?

$5,000 of Coverage for 75-year-old men

If you are a 75 year old male and NOT a tobacco user, then $5,000 of whole life coverage from Mutual of Omaha will cost you $48.38 per month, or $543.65 per year.

If you ARE a tobacco user, then your monthly rate will be $70.87 per month, or $796.30 per year.

$15,000 of Coverage for 75-year-old men

If you are a 75 year old male and NOT a tobacco user, then $15,000 of whole life coverage from Mutual of Omaha will cost you $145.15 per month, or $1,630.95 per year.

If you ARE a tobacco user, then your monthly rate will be $212.61 per month, or $2,388.90 per year.

$25,000 of Coverage for 75-year-old men

If you are a 75 year old male and NOT a tobacco user, then $25,000 of whole life coverage from Mutual of Omaha will cost you $241.92 per month, or $2,718.25 per year.

If you ARE a tobacco user, then your monthly rate will be $354.35 per month, or $3,981.50 per year.

How much is Mutual of Omaha whole life insurance for a 80 year old?

$5,000 of Coverage for 80-year-old men

If you are a 80 year old male and NOT a tobacco user, then $5,000 of whole life coverage from Mutual of Omaha will cost you $68.26 per month, or $767.00 per year.

If you ARE a tobacco user, then your monthly rate will be $101.53 per month, or $1,140.80 per year.

$15,000 of Coverage for 80-year-old men

If you are a 80 year old male and NOT a tobacco user, then $15,000 of whole life coverage from Mutual of Omaha will cost you $204.79 per month, or $2,301.00 per year.

If you ARE a tobacco user, then your monthly rate will be $304.59 per month, or $3,422.40 per year.

$25,000 of Coverage for 80-year-old men

If you are a 80 year old male and NOT a tobacco user, then $25,000 of whole life coverage from Mutual of Omaha will cost you $341.32 per month, or $3,835.00 per year.

If you ARE a tobacco user, then your monthly rate will be $507.66 per month, or $5,704.00 per year.

How much is Mutual of Omaha whole life insurance for a 85 year old?

$5,000 of Coverage for 85-year-old men

If you are a 85 year old male and NOT a tobacco user, then $5,000 of whole life coverage from Mutual of Omaha will cost you $94.77 per month, or $1,064.80 per year.

If you ARE a tobacco user, then your monthly rate will be $139.87 per month, or $1,571.55 per year.

$15,000 of Coverage for 85-year-old men

If you are a 85 year old male and NOT a tobacco user, then $15,000 of whole life coverage from Mutual of Omaha will cost you $284.30 per month, or $3,194.40 per year.

If you ARE a tobacco user, then your monthly rate will be $419.60 per month, or $4,714.65 per year.

$25,000 of Coverage for 85-year-old men

If you are a 85 year old male and NOT a tobacco user, then $25,000 of whole life coverage from Mutual of Omaha will cost you $473.84 per month, or $5,324.00 per year.

If you ARE a tobacco user, then your monthly rate will be $699.34 per month, or $7,857.75 per year.

Rikin Shah

Rikin is the Co-Founder & CEO of GetSure. He is a licensed life, accident & health insurance agent in all 50 states (plus D.C.) and has over 15 years of experience in the financial services industry. He holds a B.S. in Applied Mathematics from Columbia University and an MBA from The Stanford Graduate School of Business. If you'd like to book a call with Rikin to discuss your life insurance needs, don't hesitate to schedule a call.
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