Mutual Of Omaha Life Insurance Company
United Mutual of Omaha Life Insurance Company has a marketing emphasis on smaller, lower premium policies.
Those policies are described by United of Omaha Life Insurance Company as:
“A Whole Life Guaranteed policy from United of Omaha Life Insurance Company (United of Omaha) helps ensure that your family may be supported in the future.
An insurance policy from United Mutual of Omaha Life Insurance Company helps provide financial protection to those who depend on your assistance every day. Benefit payouts can help fund costs such as daily expenses, unforseen accidents, and education funds.
A Whole Life Guaranteed insurance policy offers: Up to $25,000 in coverage, Guaranteed coverage for those aged 45-85, No medical exam or health questions, No decrease in benefits or increase in premiums, Builds cash value to borrow against, A Whole Life Guaranteed policy also includes a graded death benefit. If death occurs from natural causes (not accidental) during the policy’s first two years, the beneficiary will receive all premiums you paid plus 20 percent. Once the two year period ends, the beneficiary will receive the policy’s full benefit.”
However, some parts of what Mutual of Omaha says in that presentation are not exactly right. They do not have policies that are without medical questions. Always, the medical history portion of the application is what Mutual of Omaha will rely upon for rescission, if there is a claim within the first two years of the application. They will not ever simply give up that right.
Are You A Beneficiary In A Mutual Of Omaha Life Insurance Company Claim?
This is a new, more aggressive sales move of life insurance company – as no longer does Mutual of Omaha even want to just have the rescission laws on its side. Under those laws, in California, the insurance company that seeks to rescind a policy needs to affirmatively bear the burden of finding material evidence to justify its actions. Instead of following that law, Mutual of Omaha seeks to eliminate the insurance in the first two years of the policy. By writing a life insurance policy that does not provide any life insurance coverage in the first two years, the policy is, in our opinion, inherently misleading, and not an insurance policy at all.
Mutual of Omaha Sells Life Insurance, Then Claims it isn’t Life Insurance for the First Two Years.
Even Wikipedia features a section of the numerous verdicts against Mutual of Omaha for bad faith, unfair dealing, breach of contract, and claims denials.
Have you suffered the unexpected loss of a loved one, only to have a claim for life insurance benefits delayed, or denied? Do you get the feeling that the life insurance company is doing everything it can to avoid paying the claim? Has the life insurance company sent you a letter stating that they are rescinding the policy, making a rescission, or just sending back the premiums paid? Especially if your loved one had the policy for less than two years before passing away, the life insurance company can become very aggressive at seeking to avoid the policy payment. Rescission is a favored strategy of the life insurance company, if the policy was issued less than two years before the death.
We can help. Call LifeInsuranceLawyerNOW.com at (888) 997-4070, or (818) 937-0937, or send an email to us in the form on the side of the screen. We are highly experienced lawyers, not paralegals, and we know this area. We get right to it with you and the insurance company, and get many claims paid right away. If court is necessary, we are regular Federal litigators and will push the life insurance company hard for the well being of you and your family. We respect you, deal directly with you, and understand not only the law and facts, but what you are going through. We are here to help. Contact us as soon as possible, to get your claim paid faster.
