FAQs

Q.

No.

You must be between the ages of 45-85¹ to be eligible.
You cannot be turned down for any reason. Your acceptance is guaranteed. (Each insured may have a combined maximum of $25,000 coverage of this type from United of Omaha.)
There is absolutely no way that your rate can be increased. The affordable rate you start with is the rate you stay with – for life. You’ll never pay any more.
Once you receive and review your policy, if you are not 100% satisfied, just return your policy to us within 60³ days and your money will be refunded.

This policy pays regardless of the cause of death – except suicide while sane or insane within the first two years from the date the policy was issued (one year in Colorado, Missouri and North Dakota). All premium payments, however, would be returned less any outstanding policy loans.
If your death occurs due to an accident, independent of sickness and all other causes (all other causes does not apply in Vermont), the full benefit amount will be payable. Death benefits payable for natural causes are reduced during the first two years² you own the policy, paying 110% of all of the premiums you paid. After two years of coverage, full benefits are payable. (All benefits paid would be less any outstanding policy loan.) Policy Form 7631L-0505 (7821L-0505 in OK; 7822L-0505 in OR; 7827L-0505 in TX) or state equivalent; Policy Form 7629L-0505 (7794L-0505 in OK; 7795L-0505 in OR; 7800L-0505 in TX) or state equivalent.
This policy continues to build cash value over the time you own your policy. This money serves as a valuable cash reserve that you can borrow against if you need to.
Once your policy is in force, you cannot be canceled for any reason as long as your premiums are paid.

Coverage is effective as soon as your application and premium are received and accepted by United of Omaha.
Sure you can – the benefit amounts range from $3,000 - $25,000, depending on how much you need.
Yes.

As long as your husband or wife is between 45 and 85¹ years of age. While each of you can have a maximum of $25,000 of this coverage, the benefit amounts do not have to be the same.

You can name ANYONE as beneficiary (i.e. the recipient of the benefits). You can leave the benefits to a spouse, child, other relative, even a friend or a charity you care about. (If no beneficiary is named, benefits are paid into the estate of the insured.)
No.

Under current federal tax law, this money will go to your beneficiary income tax free.