Final Expense Insurance

2019 Guide To Finding The Best $10,000 Whole Life Insurance Policy

10000 whole life insurance

Are you looking for a $10000 life insurance policy? Your search is over!

In this guide you’ll find quotes and policy details and much more.

Either read on or click on one of the links below to jump to a specific section.

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  1. 40-49 Quotes
  2. 50-59 Quotes
  3. 60-69 Quotes
  4. 70-79 Quotes
  5. 80-89 Quotes
  6. $10,000 Policy For Children
  7. How Whole Life Insurance Works
  8. Underwriting: How To Qualify
  9. How To Find The Best Policy
  10. 3 Expensive Companies To Avoid

 

Age 40-49 $10000 Whole Life Insurance Quotes

Below you will find real final expense prices from $10,000 in whole life insurance coverage.

However, there are a few things you need to be understand as you view these rates.

  • Females who live in Montana will pay whatever rate a male pays (due to a state law that mandates all genders pay the same rate).
  • Prices shown are subject to underwriting approval.
  • Non cigarette tobacco users can potentially qualify for non tobacco pricing

*** Rates stay the same forever ***

AGEFemale Non TobaccoMale Non TobaccoFemale TobaccoMale Tobacco
40$20.05$22.74$24.18$29.22
41$20.70$23.33$24.98$30.42
42$21.32$24.04$25.80$31.76
43$21.88$24.81$26.57$32.76
44$22.47$25.64$27.30$33.87
45$22.61$25.45$28.03$31.24
46$23.02$26.17$28.78$32.20
47$23.55$27.02$29.53$33.38
48$24.18$27.96$30.28$34.67
49$24.48$28.52$30.83$35.57

 

Age 50-59 $10,000 Whole Life Policy Rates

Here are some real prices for a $10k permanent whole life policy.

But please keep in mind the following as you view these prices.

  • Women who live in Montana will pay the whatever a price they charge men due to a MT state law.
  • All rates shown are contingent upon underwriting approving your policy.
  • If you tobacco other than cigarettes, we may be able to get you non tobacco rates.

*** Rates stay the same forever ***

AGEFemale Non TobaccoMale Non TobaccoFemale TobaccoMale Tobacco
50$24.67$29.16$31.29$36.89
51$25.45$30.30$32.24$38.88
52$25.88$31.12$33.75$40.50
53$26.62$32.20$35.31$42.59
54$27.47$33.61$36.66$44.77
55$28.40$35.09$38.32$47.27
56$29.27$36.45$39.57$49.45
57$30.06$37.91$40.72$51.53
58$30.83$39.27$41.86$53.61
59$31.70$40.82$43.10$56.11

 

Age 60-69 Whole Life $10000 Prices

In the table below you will see actual premiums for $10,000 in life coverage.

Please know these are real quotes, but keep in the mind the following:

  • All genders pay male rates in Montana.
  • These prices are subject to underwriting approval.
  • People who don’t smoke cigarettes and use other forms of tobacco may be able to secure non tobacco premiums.

*** Rates stay the same forever ***

AGEFemale Non TobaccoMale Non TobaccoFemale TobaccoMale Tobacco
60$32.87$42.76$44.67$59.02
61$34.51$45.38$46.96$62.97
62$36.06$47.90$49.24$67.00
63$37.72$50.52$51.53$69.54
64$39.36$53.14$53.71$72.73
65$41.01$55.76$56.00$76.07
66$43.44$59.35$59.54$80.54
67$45.86$62.93$63.07$84.68
68$48.29$66.53$66.61$89.66
69$50.81$70.11$70.15$94.65

 

Age 70-79 $10,000 Life Policy Premiums

Slightly below are some real whole life rates for $10K in coverage.

Please remember these points as you view these quotes:

  • A female in Montana will be priced at what men pay due to a state law.
  • You must qualify for these rates.
  • If you happen to use tobacco that isn’t a cigarette, certain carriers may offer you non tobacco rates.

*** Rates stay the same forever ***

AGEFemale Non TobaccoMale Non TobaccoFemale TobaccoMale Tobacco
70$53.24$73.70$72.19$98.32
71$56.63$78.36$75.87$103.98
72$60.12$82.92$79.75$109.95
73$63.93$88.01$84.15$116.70
74$67.78$93.16$88.67$123.66
75$72.41$99.53$94.43$132.49
76$78.25$106.87$101.64$141.33
77$83.51$113.64$108.25$150.58
78$88.44$119.86$115.16$160.00
79$93.41$126.23$123.01$166.67

 

Age 80-89 Quotes For $10,000 In Whole Life Insurance

Just below are some real prices for $10,000 in whole life insurance.

Keep the following in mind as you analyze these prices:

  • Montana residents will all be charged male prices regardless of your gender.
  • These quotes are all subject to underwriting approval.
  • Non cigarette tobacco or nicotine usage can potentially qualify for non tobacco pricing.

*** Rates stay the same forever ***

AGEFemale Non TobaccoMale Non TobaccoFemale TobaccoMale Tobacco
80$98.43$132.65$126.86$172.50
81$106.21$143.00$145.34$190.00
82$113.96$153.54$156.77$204.66
83$121.31$163.41$168.20$219.20
84$128.55$173.28$178.90$237.29
85$135.90$183.15$189.70$257.58
86$174.17$220.83$206.67$281.67
87$186.67$242.50$220.83$305.00
88$198.33$264.17$235.83$328.33
89$210.83$285.83$250.00$351.67

 

$10,000 Whole Life For Children

If you’re looking for a small policy for one of your kids, below are the rates and qualification requirements.

These prices are from Mutual of Omaha. You can buy up to $50,000 in coverage.

Below are quotes for $5k, $10k, $15k & $20K in coverage. Both male and females pay the same rate.

*** Rates stay the same forever ***

Age$5,000$10,000$15,000$20,000
0-4$2.50$4.00$5.50$7.00
5-9$2.90$4.80$6.70$8.60
10-14$3.25$5.50$7.75$10.00
14-17$3.95$6.90$9.85$12.80

 

How Does Whole Life Insurance Work?

Life insurance is a VERY broad term. There are many different kinds; whole life insurance is just one specific kind of life insurance.

Here’s the good news

Whole life insurance is incredibly simple. The way these plans work is very straightforward. There is no small print that you need to be worried about.

If you buy a whole life plan, here’s how it will work:

  • Premiums won’t increase
  • Benefits won’t decrease
  • Policy won’t expire at any age
  • Builds cash value that you can borrow from

That’s all there is to it to in regards to how the policy works. In a nutshell, a whole life policy will be with you forever and will never change in any way.

Ultimately, your plan will pay out a tax-free cash benefit to your beneficiary(s).

So lets say you bought a $25,000 whole life plan, it would simply pay out $25k to your beneficiary upon your passing.

Since it’s just a cash payout, there are no restrictions on how the money is used. If there’s money left over, that money will simply stay with your family.

 

How Your Health Impacts The Cost Of Your 10000 Life Insurance Policy

It probably comes as no surprise that your health will play a big role in the qualification process.

Every burial insurance company (other than guaranteed issue plans) will ask you a series of health questions. In addition, they will analyze your prescription history.

This will give them all the information they need to determine if you are approved.10000 Whole Life Insurance

Here’s the truth about health questions.

If you say yes to ANY health question on any application, it will unequivocally mean you will pay a higher monthly premium. Additionally, it may also mean you have to endure a graded payout of your death benefit, or have to wait two full years.

Here’s the bottom line

To get the best plan where it covers you immediately and costs the least, you want to look for a plans where you can say no to all their health questions.

Here’s the rule of thumb to remember.

If any life insurance company does not ask about something, it means they are okay with it!

 

Underwriting diversity means you win

There are dozens of funeral insurance companies on the market today with their own unique underwriting, and they are competing for YOUR business. This has resulted in great underwriting diversity.

For example, some companies ask if you have Parkinson’s Disease, and some don’t. If you have Parkinson’s disease, it would behoove you to apply with one of the companies that does not ask about Parkinson’s. Doing so would mean you pay much less and your coverage would start immediately.

A no brainer right?

That scenario with Parkinson’s Disease plays out regularly for all sorts of health conditions.

10000 Whole Life Insurance

Here’s the bottom line

At Choice Mutual, we have about a 90% success rate where someone can secure a plan that covers them in full immediately!

That is only possible because we work with so many burial life insurance companies that have different underwriting.

So while your health plays a big role in the process, in most cases it won’t matter. That’s because we can likely find a company that accepts all the conditions you deal with.

It’s awesome being independent 😎, and that’s VERY good for you.

If you are looking for a 10 000 life insurance policy, call us at 1-800-644-2926. We will shop and compare prices from over 20 companies to ensure you the best deal on your policy.

 

How Choice Mutual Can Help You Find The Best & Cheapest $10K Policy

Here’s the deal

You’re obviously contemplating buying $10,000 whole life policy or you wouldn’t be here. Now you just need to consult with a company that can help you get it done.10000 Whole Life Insurance

You need to work with an agency that has the experience and the tools to ensure you find the best burial insurance plan possible.

That’s where we come in.

Here’s the three main reasons why we are best equipped to help you find the best $10K whole life policy for you.

  1. We represent over 20 companies. This means we can shop around for you to ensure you are getting the best rate.
  2. Our allegiance is to YOU! We will impartially shop around, and recommend whichever life insurance company is best for you.
  3. This kind of insurance is all we do, and we’re masters at it. As mentioned earlier, your health is a major factor in this process. In less than 60 seconds, we will evaluate your health and determine which companies are most suitable for you given your health. Due to our vast experience, we have a masterful knowledge of how each final expense company underwrites.

 

Super Expensive Companies To Avoid

In every industry there are always some companies that operate outside the competitive boundaries, and offer consumers their product or service at a much higher price point.

Usually, the companies that do this will try hard to justify their higher rates.

The truth is, it’s all smoke and mirrors. The companies listed below are all guilty of this. They offer final expense life insurance at rates much higher than other competitive companies.

10000 Whole Life Insurance

1) Lincoln Heritage

Lincoln Heritage is actually the largest provider of final expense life insurance in the nation. They sell more of it than any other insurance company. While this sounds impressive (indeed it is), this feat wasn’t achieved because they offer the best funeral insurance policy.

The truth is, they are very expensive even for healthy clients.

Basically, they have setup their underwriting, the application process, and an agent recruiting system set up to benefit the agents and the company. They are not interested in serving the client the best value possible.

It’s very important to note that Lincoln Heritage is almost entirely a captive insurance company. Being captive means one of their agents cannot represent any other insurer other than Lincoln Heritage.

This is devastating to clients who have health issues that Lincoln Heritage does not view favorably.

There’s a giant list of health issues whereby Lincoln Heritage will charge their applicants 200-300% more and give them a two year waiting period.

At the same time, other carriers would give these same clients a significantly lower price and coverage that has no waiting period.

Take a look below are how their rates compare to two other companies that offer the exact same thing.

Now they will claim the difference in price is because they offer all sorts of other benefits.

Don’t believe it!

All the “benefits” they offer are easily achievable on your own for free. Ultimately, they charge these higher prices for entirely self serving reasons.

You can read our entire Lincoln Heritage Funeral Advantage here if you want to learn all the details about this company.

 

2) Colonial Penn

Everyone knows them by their commercials with Alex Trebek. They have been in business many years, and they too sell a lot of final expense life insurance.

Here’s the deal

They charge super high prices for two main reasons. One is to pay for Alex Trebek. The other reason is because their business model revolves around making it incredibly simple for their agents.

Think of it this way. Which do you think takes more work. Training insurance agents to learn 15 different burial insurance companies, or learn just one?

A company like us works with a ton of different insurance companies, so we can always find you which company offers you the best deal. It definitely takes MUCH more time and effort to train each agent to become masters of each insurance company.

You don’t get that with Colonial Penn because all they can offer you is their insurance. Their agents only need to learn one company, and that’s a lot easier for Colonial Penn.

Bottom line?

Buying a 10000 life insurance policy from Colonial Penn means you will greatly over pay for what you could be getting elsewhere for much less.

 

3) Senior Life

Honestly, this company is almost identical to Lincoln Heritage. They are a captive company, so a Senior Life agent can only offer you their insurance and no other. That’s wildly problematic itself, but it’s actually rather minor compared to the problem of their high prices.

Similar to Lincoln Heritage, they will attempt to justify why their prices are worth it. It’s just smoke and mirrors. Nothing they offer justifies their high prices.