We can do the shopping for you. You will save you time and money. Fill out the quote form to see rates from all the top burial insurance companies in the USA. At Choice Mutual, we will compare rates from all the top insurers, so we can help you secure the best burial insurance plan possible.

Today we will be taking a hard look at another burial insurance plan from a household name. This Aetna burial insurance review is an exhaustive dissection of their entire program. We lay out each of their plans, and tell you both the good and the bad. By the end, you will be an Aetna master. Be sure to check out our review of the best burial expense insurance companies.

Aetna Burial Insurance Review

If you are looking for reviews on other burial insurance plans, please feel free to browse through our blog. We give the most complete reviews in the business. Nobody takes the time to analyze each burial insurance plan the way we do. Ultimately, our goal is to give you a complete insiders breakdown along with our professional opinion.

In this article, you will find a quick review of Aetna. Basically, this is a short breakdown of the company and their burial insurance plan. If you are looking for an incredibly detailed outline of their burial insurance plans, you will want to read the full review.


Our Quick Aetna Burial Insurance Review

First of all, Continental Insurance Company is part of the Aetna senior products lineup.  is the name of the insurance company that actually provides Aetna’s burial insurance. Aetna owns American Continental Insurance Company.  Aetna is a massive insurance company that is most well known for their health insurance product line. They are highly rated and very financially sound. You can certainly trust that they will pay your claim when that day comes.

Another key point to remember about American Continental Insurance Company is they are one of the few that issue coverage up to age 89. In addition, they have no height and weight chart, and they do not check MIB as part of their application.

Their modified plan is utterly terrible. You should never take it under circumstances. You can easily get a better plan much cheaper elsewhere.

On the other hand, their graded plan is quite good in certain situations. It does have a limitied payout of benefits. However, this is completely understandable given the health conditions their graded plan accepts. In most cases, other burial insurance companies would render a full two year waiting period for the same health conditions that Aetna covers with their graded plan.

Lastly, their level death benefit plan is a very respectable well priced option for anyone who qualifies for it. If you are between 86 & 89 and your health is such that you will qualify for their level death benefit, Aetna will be one of the very few companies in the nation that will issue you a new policy.

All around, they have a competitively priced program that could be a good option for you depending on your health. If you have a history of diabetes and heart issues, don’t bother.


Company Background

To be frank, Aetna is a massive insurance company. They are easily one of the most well known insurance companies in the nation. Of course, they are probably most famous for their dealings in the health insurance sector. At the present time, they sell literally dozens of different kinds of insurance.

Aetna was first founded in 1853 which means they are a 163 year old company. They operate in some capacity through the entire USA. Presently, A.M. Best has them rated as A (Excellent).

Aetna has many different companies within their “family”. To put it another way, they own many different companies, and they all use the Aetna brand name.

Aetna’s final expense insurance is actually provided by American Continental Insurance Company. American Continental Insurance Company is just one of Aetna’s many companies. As previously mentioned, Aetna offers just about every line of insurance you can think of. With that, this article will only be discussing their burial insurance program. Also, you will often hear the two names Aetna and American Continental Insurance Company used interchangeably. Because they are one in the same, we will use both names throughout this piece.


The Full Aetna Final Expense Insurance Review

In this section, you will find the entire review of Aetna’s burial insurance lineup. We have taken our time and analyzed every aspect possible. You are going to see a professional analysis of the underwriting, pricing, policy options, competitor alternatives, pros & cons, and finally our take on all of it. There is simply nothing we left out. If you are interested in this level of detail, we hope you enjoy.


Aetna’s Final Expense Whole Life insurance

Choice Mutual Grade = B

Quick facts about these plans

  • Coverage never expires
  • 3 plans available- Immediate coverage available
  • The monthly premium cannot increase
  • The benefit will not decrease

Aetna has no formal name for their burial insurance. In contrast, most final expense companies do. They just refer to it as final expense whole life insurance. This burial insurance by American Continental Insurance Company is available in almost every state within the USA.


how the policy works

To be honest, all burial insurance is incredibly simple. Aetna’s final expense insurance is no different. First, it’s a whole life, so the policy can’t ever expire. Second, the payments are fixed for life, and cannot increase for any reason. Lastly, the benefits can’t decrease, and the insurance company cannot cancel your policy for any reason. Basically, once you get it, it’s always there unless you decide otherwise.


3 options available

American Continental Insurance Company has 3 different burial insurance plan options. If you qualify, your health will determine which plan is right for you.

To begin with, they have a level death benefit option. This plan comes with no waiting period, and carries the lowest monthly premiums out of the three plans. Second, they have a graded plan that pays limited benefits during the first two years. Lastly, they have a modified plan that has a full two year waiting period.


They take people under 50

You can qualify for Aetna’s burial insurance as young as 45. Albeit, it’s not much less than 50, but it’s something. Most final expense insurance companies have a hard and fast rule of mandating 50 as their minimum application age. If necessary, this burial insurance company has virtually no minimum age.


No rider options

Unfortunately, American Continental Insurance Company does not offer any additional protection through riders. At the same time, most other final expense companies do give you many rider options.  If additional coverage via riders is something you find interesting, we can help. Below are the most common riders you will have access to with many burial insurance companies. The grid below shows you some great companies that offer each respective rider. For space reasons, some of the company names are abbreviated. You can click on any company name to view complete review of their burial insurance plans.

  • Terminal Illness /Accelerated Benefit Rider – This kind of rider allows you to access all or some of your death benefit while still alive. Usually, you must be diagnosed with a terminal illness that is expected to cause death with 12-24 months.
  • Accidental Death Rider– This rider will pay out an additional death benefit if you pass away due to an accident.
  • Nursing Home Rider– Generally, this rider will waive your monthly premiums or it will give you access to your death benefit while still alive. To exercise it, you must become permanently confined to a nursing home for health reasons.
  • Child Rider– This rider provides term life insurance protection on your children.
  • Grandchild Rider– This rider provides term life insurance coverage for your grandchildren.


Accidental Death Terminal Illness/Accelerated Benefit Child Grandchild Nursing Home
Foresters  ✘  ✘
AmAm  ✘  ✘  ✘  ✘
LBL  ✘  ✘
MoO  ✘  ✘  ✘
Americo  ✘  ✘  ✘

What information does Aetna’s use to determine eligibility?

To qualify for this burial insurance, Aetna will assess your health profile in only two ways. First they will ask you the formal health questions. Second, they will run prescription history check. They only require this information to come to a conclusion regarding your eligibility.


No build chart

Surprisingly, American Continental Insurance Company has no build chart as part of their underwriting for their burial insurance. To clarify, a build chart is merely a chart of height to weight ratios. With most companies, they have limits on how much you can weigh based on your height.

Thankfully, most build charts are fairly liberal, so being overweight is rarely ever an issue. However, for some people it can be a huge obstacle when trying to obtain final expense insurance. Another great company that has no build chart is Royal Neighbors.  Just like American Continental Insurance Company, they do not have height to weight ratio requirements. You can literally weigh 500 pounds with both of those companies, and they are okay with it.


No Medical exam burial insurance

As is the case with every burial insurance plan, there is no physical or medical exam. Honestly, all burial insurance is like this. No final expense company will make you draw blood or give a urine sample as part of the application.


no MIB check

Aetna will not access your MIB file as part of their risk analysis. MIB stands for Medical Information Bureau. Basically, its an organization that stores information about you regarding your health history. Insurance companies are the ones that submit information about you to MIB.

For example, lets say you apply for life insurance with ABC Life. Additionally, on the application you tell ABC Life that you smoke and you have COPD. If ABC Life participates with MIB, they will submit a brief report about you to MIB. That report will indicate that you said you smoke and that you have COPD. It’s important to note that any report submitted to MIB will only contain information that YOU provide.

However, mistakes do occur. Sometimes applicants make mistakes when answering questions. On the other hand, insurance companies make mistakes too. Ultimately, if your MIB file contains inaccurate information for whatever reason, it could prevent you from getting quality burial insurance.

Nearly every single final expense company will use MIB as part of their overall application process. If they pull your MIB file and find a relevant report, it might cause the insurer to request additional information. Technically, insurers can’t decline you because of information in an MIB report. However, they get around this by stopping the application and requiring you to fix the alleged error before they can approve you.

Insider Tip: Choice Mutual has ample experience dealing with MIB report issues. We have helped many folks correct their MIB file, or in some cases bypass it. If MIB issues have stopped you from getting burial insurance, please allow us to assist you. We have previously helped many others, and we can help you too. Call us toll free at 1-800-644-2926. You can also let us contact you. To do so, please fill out the quote form, and we will be in touch soon.

MIB has accurate information for the overwhelming majority of people. However, if you are one of the very few who do, Aetna might be an easy path for you to get burial insurance.


Point of sale interview

These interviews are very commonplace in this final expense industry. A point of sale interview is a short three way phone call with you, your agent and the insurance company. On this call, the carrier will obtain your authorization that enables them to access your medication history. In addition, they will ask you all the health questions.

Since they have both pieces of information they need to complete their investigation, they will almost always give you a final decision by the end of the call. This is great because you know instantly whether or not you are protected. If for some reason they deny you, you know to look elsewhere.

The primary step when you apply for burial insurance is the health questionnaire. With that, just below you will see the American Continental Insurance Company’s knockout questions. If you say yes to any of these questions, you are not eligible for any of their three burial insurance plans. Furthermore, they will decline you if they find a medication history consistent with any of these conditions.

Here are the knockout questions:

  1. Do any of the following apply to you:
    • Are you currently hospitalized, in a nursing facility, confined to a bed, or receiving hospice care?
    • Do you require the use of oxygen for any lung or respiratory disorder?
    • Have you been diagnosed by a medical professional to have an aneurysm that has not been surgically repaired?
  2. At any time have you been diagnosed or treated by a medical professional or had surgery for any of the following:
    • Any condition requiring bone marrow, stem cell, or organ transplant?
    • Kidney disease requiring dialysis?
    • Alzheimer’s disease, dementia, or a mental incapacity?
    • Lou Gehrig’s disease (ALS)?
    • A life expectancy of 12 months or less?
    • Acquired Immune Deficiency Syndrome (AIDS), AIDS related complex (ARC), tested positive for the human immunodeficiency virus (HIV)?


If you said yes to any of these questions…

First of all, do not worry. There are always options. For starters, Choice Mutual has access to many different burial insurance companies. Not to mention, there is a good chance that one of them will take you. However, if you have a condition that truly means you can’t qualify with any company, we can still take care of you. We can utilize a guaranteed issue plan by Gerber Life.

A guaranteed issue final expense insurance plan has no health questions whatsoever. Furthermore, the insurance company does not check your health history in any way. Granted, this  type of policy does have a couple of drawbacks compared to a burial insurance policy with underwriting.

Any insurer that offers guaranteed acceptance burial insurance gets a lot of very unhealthy applicants. As you can imagine, with no health checks or health questions, they get many applicants with some very serious diseases. For this reason,  a guaranteed issue plan usually costs more per month. Whereas, a final expense plan with underwriting more than likely costs less on a monthly basis.

The second drawback to a guaranteed issue plan is the mandatory two year waiting period. Unfortunately, you cannot avoid this waiting period on a guaranteed issue plan. During the two year waiting period, Gerber will refund all premiums plus 10% if you pass away. However, if you pass away from an accident, they will pay the full death benefit. This accidental death provision applies even during the first two years.

The moral of the story is Choice Mutual has your back no matter what.


The “Modified Benefit” by Aetna

Choice Mutual Grade = F

Quick facts about this plan

  • Coverage never expires
  • Has a waiting period
  • The monthly premium cannot increase
  • The benefit will not decrease

To begin with, you must not have or have been treated for any of the knockout conditions. Only then are you eligible for their modified plan. Below are the modified health questions. If you say yes to any of these questions, Aetna will approve you for their modified plan. In addition, if your prescription history reveals treatment for any of these conditions, they will place you in their modified plan.

Here are the modified health questions:

  1. Do you have:
    • Diabetes diagnosed by a medical professional before age 40?
    • Diabetes in combination with any heart or circulatory disorder diagnosed by a medical professional (excluding high blood pressure)?
    • Diabetes requiring 40 or more units of insulin daily?
  2. Within the past 12 months, have you been diagnosed or treated by a medical professional or had surgery for any of the following?
    • Heart attack, heart valve disorder, heart blockage, stroke or transient ischemic attack (TIA)?
    • Any lung or respiratory disorder requiring the use of a nebulizer?
    • Any lung or respiratory disorder and currently using tobacco?
    • Internal cancer, melanoma, lymphoma, multiple myeloma, leukemia, systemic lupus (SLE)?
    • Chronic pancreatitis, chronic hepatitis, cirrhosis?
  3. Within the past 12 months, have you been recommended by a medical professional to have any of the following?
    • Treatment or counseling for alcohol or drug abuse?
    • Test, surgery, treatment or further evaluation that has not been performed or are there any test results pending?


typical waiting period

American Continental Insurance Company’s modified plan comes with your standard waiting period. The waiting period starts on the first day of your policy, and ends exactly 24 months later. If you should pass away during this time, Aetna will return 110% of your premiums.

However, it is possible to receive your full death benefit during the waiting period. If you pass away due to an accident, they will pay out your death benefit in full. Not surprisingly, all burial insurance companies do the same thing when death is due to an accident.


Face amount choices & age cutoff

To be eligible for their modified plan, you cannot be older than 75. This is a fairly common age cutoff for modified plans.

American Continental Insurance Company, like most carriers, have face amount options tied to age brackets. For their modified plan, the minimum amount coverage you can buy, at any age, is $3,000. If you are between 45 & 65, you can purchase up to $35,000 in protection. Lastly, if you are 66-75, the most you buy is $25,000.


Just who is this burial insurance plan good for?

Nobody. Not sure if we can be any more clear than that. There is just no circumstance where anyone should ever take this modified plan. At the end of the day, if your health means you would qualify for Aetna’s modified plan, you qualify for better rates with other companies.

In no way is this unusual. Most modified final expense plans are not competitive. Quite frankly, they only exist so the insurer has somewhere to place you if you really desire to do business with them.

You will always here us say that you should always do what’s best for you and your family. That means getting the most coverage for the best price from whichever insurance company it happens to be. This is exactly the reason why we are independent. Our freedom to choose any insurance company is what allows us to always act in line with that statement. In the end, the choice is yours, but we would encourage you to be faithful to your family and your pocketbook first. So again, avoid this modified plan by Aetna because you can 100% get a better plan somewhere else.


Aetna’s “Graded Benefit” Burial Insurance

Choice Mutual Grade = B

Quick facts about this plan

  • Coverage never expires
  • Comes with a partial waiting period
  • The monthly premium cannot increase
  • The benefit will not decrease

You can only qualify for this graded plan if you clear the knockout and modified conditions. You can’t say yes to any of those questions, or have a history of treatment. If you say yes to any of the following health questions, American Continental Insurance Company will approve you for their graded plan.

Here are the graded health questions:

  1. Within the past 24 months, have you been diagnosed or treated by a medical professional or had surgery for any of the following?
    • Aneurysm, heart attack, any circulatory disorder, stroke or transient ischemic attack (TIA)?
    • emphysema, chronic obstructive pulmonary disease (COPD)?
    • Internal cancer, melanoma, leukemia?
    • Neuromuscular disorder including, but not limited to, cerebral palsy, multiple sclerosis, or muscular dystrophy?
    • Any connective tissue disorder, ulcerative colitis, Crohn’s disease?
  2. At any time, have you been diagnosed or treated by a medical professional or had surgery for any of the following:
    • Congestive heart failure, cardiomyopathy, Parkinson’s disease?
    • Any permanent paralysis, amputation caused by disease?
  3. Are you dependent on a wheelchair or motorized mobility device?


Some benefits immediately

This graded plan does come with some form of instant protection. If you pass away during the first 12 months of the policy, they will pay out 40% of your death benefit. If you pass away during months 13-24, Aetna will pay out 75% of your benefit. This payout is a tad bit higher than most graded plans. Typically, graded final expense plans have a 30/70 payout.

If you pass away during the first two years from an accident, they will pay out 100% of your death benefit.


Plan options

For starters, this graded plan is available to anyone between 45 and 80. The face amounts are governed by age. If you are 45-65, you can purchase up to $35,000 in protection. On the other hand, if you are 66-80, you can only buy $25,000. Remember, the minimum face amount for any plan with American Continental Insurance Company is $3,000.


here is how this plan is good

All around, this plan is priced extremely well given the conditions they cover. There are some sweet spots where it can provide you with one of a kind value. Albeit, there aren’t many, but there are some health situations where this graded plan could be your best option.


Congestive Heart Failure & Caridomyopathy

CHF and Caridomyopathy are typically conditions that are flat knockouts with most final expense companies. However, there are a few final expense companies that will accept them to some degree. For the carriers that do, they always charge you more because of the CHF or Caridomyopathy. In addition, almost all of them impose a full two year waiting period. When it’s all said and done, you pay a lot more and get no benefits during the first two years.

American Continental Insurance Company gives you a much better value. First, they give you a plan that does pay some of your death benefit during the first two years. As this is a graded plan, you will get 40% if you pass away in year one, and you will get 75% if you pass away in the second year. Having some form of instant protection is very nice. Just so you know, there is no company that will issue full first day coverage if you have CHF or Caridomyopathy.

Also, their price for this graded plan is probably the cheapest you will find given that you have these conditions. Again there are other companies that accept people with CHF and Caridomyopathy, but they charge more money than Aetna. Not to mention, they give you a full two year waiting period.

COPD & Emphysema

With Aetna graded burial insurance plan, you can get some instant protection at a very reasonable price. You can’t be on oxygen for the COPD & Emphysema. If you are, you aren’t eligible for any coverage because that is a knockout condition. Additionally, you can’t still be using a nebulizer and/or smoking still. Those are modified conditions. However, if you do pass the knockout and modified sections, this graded plan could be a very well priced option for you if you have COPD or Emphysema.

It is possible to get full first day coverage with absolutely no waiting period even with COPD & Emphysema. The catch is, it won’t be through American Continental Insurance Company.

Liberty Bankers Life and Transamerica both offer 100% first day coverage if you have COPD or Emphysema. However, they do charge you an increased premium, but at least the benefits are there from day one. Just make sure you decide which is most important to you. Immediate coverage versus price is something you alone have to weigh. There is no right or wrong answer. It all comes down to what’s most important to you and your family. Regardless of your decision, Choice Mutual will help you secure whatever plan matches your goal.

Cancer 12-24 Months Ago

If you had cancer over 12 months ago, but less than 24, Aetna will likely be your best and cheapest burial insurance option. First of all, they give you some immediate protection. If you have had cancer at any point in the last 24 months, it’s extremely difficult to avoid a full two year waiting period. With American Continental Insurance Company, you qualify for their graded plan, so some of your benefits are activated immediately.

Second, the price you will pay on this graded plan will probably be cheaper than the prices you will get elsewhere given the cancer was 12 ≤ 24 months ago.


When you really shouldn’t take this plan

If you have any of the following conditions, this plan is definitely not your best option. You will get better prices elsewhere and no waiting period. We included a few companies next to each condition. The companies mentioned, will most likely take you with open arms for each respective condition. Just make sure you don’t have other health issues that would prevent you from being covered. You can click on each company name and read our review of that company. Our review of the company you click on will tell you all you need to know about whether or not they would approve you.

Quick Help: If you would prefer to make this easier on yourself, allow us to do the work for you. Choice Mutual agents are highly experienced and knowledge about all these companies. We can quickly shop all the final expense companies for you, and identify which one will be best for you. Call us or fill out the quote form to let us call you.

Aetna’s “Level Benefit” final expense

Choice Mutual Grade = A

Quick facts about this plan

  • Coverage never expires
  • 100% immediate coverage
  • The monthly premium cannot increase
  • The benefit will not decrease

Full first day coverage

This probably comes as no surprise, but you must be able to clear all the health conditions in each section to be eligible for their level benefit plan. If you do qualify for this plan, your benefits are available in full starting on the first day of your policy. You will not experience a waiting period in anyway.


Face amount options

Their face amount options on their level benefit plan vary based on age. Below you will see a simple chart that breaks down the face amount maximums for each age bracket.

AGE 45-65 AGE 66-80 AGE 81-85 AGE 86-89
$35,000 $25,000 $15,000 $10,000


Our opinion on their level benefit burial insurance

Without question, Aetna’s level plan is a competitively priced option in this market. If you can clear the health questionnaire, they aren’t a bad option by any means. The price you pay for this level benefit plan is fairly similar to other level benefit plans from many other burial insurance companies.

You will notice that this plan freely accepts basic things like:

  • Hypertension
  • Cholesterol
  • Arthritis Issues
  • Diabetes (under control)
  • Mental health issues
  • Health events 2+ years ago (heart attacks, strokes, surgeries, etc)

Truthfully, most final expense companies have no problem with the above conditions. If your health enables you to qualify for this level benefit plan with American Continental Insurance Company, you can easily qualify for bottom tier level rates with 98% of the burial insurance companies.


Coverage for people who are 86-89

American Continental Insurance Company is one of very few insurers that will issue new coverage to you when you are older than 85. However, you must be able to qualify for their level benefit. If you can, they will issue you a new burial insurance policy with absolutely no waiting period!


Great tobacco user rates if you are 70+

Aetna’s tobacco rates for the level benefit plan are very competitive. Above 70, they can offer you some the best pricing on your burial insurance if you use tobacco. AmAm is another company that has really good tobacco user rates.


Aetna Burial Insurance Review

Aetna Summary

Aetna truly has built a well rounded burial insurance program. They have no build chart and they don’t communicate with MIB. Both of these attributes are rare in the final expense industry. Their application is very straightforward, and the point of sale interview is very fast.

As we previously mentioned, stay far away from their modified plan. It’s a bad option for everyone. In contrast, their graded and level plans could be of great value to you in the circumstances we outlined. Just make sure you are very up front about all your health issues. This will enable your Choice Mutual agent to properly advise you. American Continental Insurance Company might be your best bet, but they may not be. You can count on us to shop the market for you, and find which company is best for you.