How Does Mutual of Omaha Compare to John Hancock for Final Expense Coverage?
Mutual of Omaha offers people age 45 to 85 guaranteed issue life insurance coverage. There is no medical exam required and you won’t have to answer any health questions.
Your coverage can never be reduced or canceled for the life of the policy due to your health or occupation as long as your premiums are paid.
Mutual of Omaha has the same financial strength rating for safety and security. Mutual of Omaha offers coverage for people over 80 years old.
Mutual of Omaha offers you up to $25,000 of life insurance with no medical exam and no questions asked, compared to $20,000 from John Hancock.
Review of Mutual of Omaha and John Hancock Life Insurance
John Hancock Final Expense Insurance
Final Expense Plans provide the security and protection you and your loved ones need, when they need it most. You can help protect your loved ones from the financial burden of paying for your final expenses.
Final Expenses Life Insurance (also known as funeral or burial insurance) is a type of life insurance policy providing $2,500-$25,000 of protection, a simple application form and hassle-free underwriting.
Your final expense policy death benefit is paid to your beneficiary of choice tax-free. You can choose the amount of coverage that is right for you.
Final expenses insurance coverage can help you provide your loved ones with the money needed to help pay for your burial, funeral, headstone, memorial service, and any other final costs associated with your passing.
According to the 2017 funeral price survey by the National Funeral Directors Association, the average cost of an adult funeral is $8,755.00. This is based on the most commonly selected items for a traditional funeral including a casket and vault.
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Mutual of Omaha vs John Hancock
Disclosure: Compensated Affiliate