Mutual of Omaha and Colonial Penn are well-known for senior life insurance plans that offer guaranteed approval with no medical exam required and no health questions asked.
However, there are some differences to consider when choosing the best carrier for your life insurance.
Mutual of Omaha has a higher financial strength rating which means a safer, more secure insurance company.
Mutual Omaha has a longer free look (money-back guarantee) period of 60 days.
Also, people under age 50 can get insured.
Mutual of Omaha offers up to $25,000 of guaranteed issue life insurance for people ages 45 to 85, with a 60 day money-back guarantee. They are rated A+ Superior for financial strength by A.M. Best Company.
Learn more about Mutual of Omaha vs. Colonial Penn.