The Secret To Finding The Best $10000 Whole Life Insurance Policy

Written by Choice Mutual | Last updated: December 27, 2017

10000 whole life insurance

Feel free to use the quote tool on this page to see instant quotes on $10000 whole life insurance from multiple life insurance companies in your state.

So you are looking for a $10000 whole life insurance policy huh?

You and everyone else! Finding $10K quotes online can be frustrating because so few sites actually show you quotes.

But not with us!

In this article, you’ll see real $10,000 whole life insurance quotes from 10 different companies 😮

10000 whole life insurance

A $10,000 burial insurance policy is by far the most popular amount of coverage.

Side Note: “Burial insurance”, “funeral insurance”, and “final expense insurance” are all whole life insurance policies. They are honestly just marketing terms. If you are looking for a $10000 whole life insurance policy, you will frequently hear it marketed as one of those three terms.

Roughly 70% of shoppers are looking for this amount of final expense protection. It’s not surprising considering a traditional burial typically costs $7,000-$10,000.

Here’s the bottom line

There are dozens of life insurance companies that will offer anyone a 10000 life insurance policy. The only measurable difference among them is what they charge per month for the coverage.

So why not just go with the cheapest policy?10000 whole life insurance

Burial insurance pricing in most cases is very similar to gasoline. Pretty much every gasoline station in your town will charge roughly the same price per gallon. It’s just like that with final expense life insurance (with a few exceptions that we will cover later).

With that, someone has to be the cheapest, and our mission is to find you which company that will be for you!


Article Quick Guide

  1. Actual $10,000 Burial Insurance Quotes
  2. Super Expensive Companies To Avoid
  3. How Your Health Comes Into Play
  4. How Choice Mutual Can Help You Find The Best & Cheapest $10K Policy


Actual $10000 Whole Life Insurance Quotes

Below you will find real quotes from six different burial insurance companies. Bear in mind these are real prices. However, there are a few things you need to be clear on.

  1. All prices are for non smokers.
  2. Your price will be a function of your exact age. You will notice very quickly that we don’t have every single age listed. However old you are, there are prices shown that will be relatively close to your current age. Thus you can get a good sense for what you would pay.
  3. We have many more companies other than these listed.


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AgeFemale Non TobaccoMale Non Tobacco
10000 whole life insurance
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10000 whole life insurance
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10000 whole life insurance

AgeFemale Non TobaccoMale Non Tobacco
10000 whole life insurance
AgeFemale Non TobaccoMale Non Tobacco

10000 whole life insurance

AgeFemale Non TobaccoMale Non Tobacco

10000 whole life insurance

AgeFemale Non TobaccoMale Non Tobacco

10000 whole life insurance

AgeFemale Non TobaccoMale Non Tobacco
10000 whole life insurance

Gerber Life only offers what’s called guaranteed issue final expense insurance. That means there are no health questions or underwriting of any kind. Literally everyone within the age limits is accepted regardless of health. It’s important to remember that a guaranteed issue policy is not the best option for most people. Consulting with a Choice Mutual agent, and they will let you know what type of plan is best for you.

AgeFemale Non TobaccoMale Non Tobacco

10000 whole life insuranceJust like Gerber, AIG only offers guaranteed issue life insurance. It’s amazing to have for those who need it, but that is rare.

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Super Expensive Companies To Avoid

At the start of this article we said that burial insurance pricing is very similar to gasoline. This is definitely a true statement. However, there are always exceptions to every rule.

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 to justify their higher rates for some mystical reason.

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

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. Basically, they have setup their underwriting, the application process, and an agent recruiting system 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 a captive insurance company. That 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.

For example, blood thinners such as coumadin, warfarin, or plavix are quite prevalent. Lincoln Heritage will respond in two ways to someone who is taking any blood thinner.

First, they will charge them about 200-300% more on their monthly payments. Second, they will impose a two year waiting period before their policy will pay the full death benefit.

That’s not cool 😞

Blood thinners are just one example. They have have many other health issues where they respond this way.

Since a Lincoln Heritage agent has no other options, they can’t offer a company that responds favorably to people taking blood thinners.

On the flip side, an independent company like us that represents multiple insurance companies is not hamstringed in this way.

We have multiple burial insurance companies that don’t respond negatively to clients who take blood thinners. That means we can help them get a policy that pays its full death benefit from day one, and they will pay a monthly premium that is no higher than what a marathon runner would pay.

Crazy right?

Lincoln Heritage Rate Comparison

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

$10000 Whole Life Insurance For Male Non Tobacco Users

AgeLincoln HeritageMutual of OmahaForesters Financial

$10000 Whole Life Insurance For Female Non Tobacco Users

AgeLincoln HeritageMutual of OmahaForesters Financial

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.


10000 Whole Life Insurance

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.


10000 Whole Life Insurance

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.


10000 Whole Life Insurance

Everyone knows them by their former partnership with Snoopy and the Peanuts gang. Metlife is one of the most well know insurance companies in the world. What you may not know is they recently dropped Snoopy, and they changed their logo. No longer will you see Snoopy or any other Peanuts character in their TV ads or on printed marketing materials.

Here’s the bottom line with Metlife

Metlife only offers guaranteed issue life insurance. They don’t have burial insurance plans that have underwriting.

In case you aren’t aware, a plan with underwriting is merely one with health questions and a prescription history check.

An underwritten plan is the only way you can get rock bottom rates, and obtain coverage that begins immediately.

Moreover, you should always try for a plan that has health questions. If you are successful (most people are), you will pay much less per month, and you will have coverage that protects you in full immediately.

While it’s rare that someone should indeed take out a guaranteed issue plan, there are some scenarios where it’s necessary. In those circumstances, it would be a travesty to buy it from Metlife. Their rates are just way too high. You can get the same exact thing for substantially less from Mutual of Omaha, Gerber Life, or AIG.

This is crazy but true

Metlife will happily sell you a 10 000 life insurance policy, but doing so would mean your payments will be roughly 300% more compared to what other companies charge.


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 goal

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

Remember this

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.

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 15 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 clearly want a $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.

You need to work with an agency that has the experience and the tools to ensure you find the best deal.

That’s where we come in.

10000 whole life insurance

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

  1. We represent over 20 companies. This means we can shop around for you to ensure you are getting the best rates.
  2. Our allegiance is to YOU! We will impartial shop around, and recommend whichever life insurance company is best for.
  3. This kind of insurance is all we do, and we’re masters at it. Your health is a major factor in this process. We can quickly evaluate your health, so that we can determine which companies view your health most favorably. Due to our vast experience, we have a masterful knowledge of each final expense company underwrites.

Choice Mutual is an independent agency licensed in all 50 states including DC. We work with over 20 highly rated final expense life insurance companies, so that we can compare offers from all of them to find you the best deal.

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Mystell Dawn Robbins

My father passed away on of 6th January and I am trying to figure out which life insurance policy he has.

February 23, 2018 at 9:56 am
    Choice Mutual

    Hi Mrs. Robbins,

    First of all, we’re sorry to hear about the loss of your dad.

    If you don’t have his policy, there’s a couple of things you can do to try to locate which insurance company provided his coverage.

    1) Check his bank statements. If he had coverage, he was likely paying for it monthly via a bank draft. His bank statement would show the name of the insurance company that was withdrawing funds.

    2) Order a copy of his MIB file. MIB stands for Medical Information Bureau. Most life insurance companies will report data to the MIB. If your dad bought a policy from a life insurance company that reports to MIB, his MIB file would indicate the name of the insurance company he applied with.

    3) Check your state department of insurance website. Some DOI’s have a “life insurance locator” service. Not every state has a service like this, and those that do are not full proof. It’s definitely worth a shot though.

    Outside of these three things, we aren’t aware of any other way to identify a life insurance policy on someone when you don’t know the name of the insurance company.

    Best of luck to you, and again sorry for your loss.

    February 23, 2018 at 7:11 pm
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