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Transamerica vs Mutual of Omaha: Final Expense Insurance Comparison

An in-depth comparison to help you choose the right final expense insurance carrier.

At a Glance

Feature Transamerica Mutual of Omaha
Financial Strength A (AM Best) A+ (AM Best)
Max Coverage $50,000 $25,000
Medical Exam Not required Not required
Issue Ages 45-85 45-85
Approval Speed 1-3 days Same day
Product Range Wide Focused
Coverage Range $5,000 - $50,000 $2,000 - $25,000
Premium Range $18 - $140/mo $20 - $150/mo

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No medical exam required Coverage in as little as 24 hours Rates from $20/month

Transamerica Overview

AM Best Rating: A | Founded: 1904 | Headquarters: Cedar Rapids, IA

Coverage: $5,000 - $50,000 | Premiums: $18 - $140/mo

Pros

  • Multiple product options
  • Competitive rates
  • Online application available
  • Strong financial backing

Cons

  • Underwriting can be strict
  • Limited guaranteed issue options

Best For: Healthy applicants looking for the most competitive rates.

Mutual of Omaha Overview

AM Best Rating: A+ | Founded: 1909 | Headquarters: Omaha, NE

Coverage: $2,000 - $25,000 | Premiums: $20 - $150/mo

Pros

  • A+ financial rating
  • Fast approvals
  • Level premiums
  • Excellent claims payment history

Cons

  • Max $25,000 coverage
  • Limited policy riders

Best For: Those who value financial strength and fast, reliable service.

Our Verdict

Both are excellent carriers. Transamerica edges out on coverage limits and rate competitiveness for healthy applicants, while Mutual of Omaha wins on financial strength and ease of approval.

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Compare rates from top final expense insurance carriers.

No medical exam required Coverage in as little as 24 hours Rates from $20/month