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12 Best Burial and Final Expense Insurance Companies in 2019

Anthony MartinWritten by Anthony MartinPosted in Burial Insurance Companies last updated on August 11, 2019
burial insurance companies

This 2019 guide has everything you need to know about final expense burial insurance plans.

  • What is a final expense life insurance policy?
  • Which companies are best?
  • How do you find the right plan for you?
  • What will a burial policy cost?

No matter your question, your answer is guaranteed to be in this article.

Keep reading or click on a link below to jump to the specific section that interests you most.

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What Is Burial Insurance, Final Expense & Funeral Insurance?

Burial insurance, also known as final expense or funeral insurance is a small whole life insurance policy with affordable premiums designed to pay for funeral and other burial expenses.

No exams are required and most health issues are accepted. Benefits typically range from $5,000-$40,000 with most carriers.

Burial Insurance Companies

Since these are whole life plans, the way they function is incredibly simple. There really is no fine print you need to be leery of.

Here’s how they work…

  1. Premiums are locked in for life and cannot increase
  2. Death benefits are guaranteed to never decrease
  3. The policy cannot expire due to age
  4. Builds cash value that you can borrow from

That completely sums up how the policy works. Basically, once your burial policy is in place, it never changes in any way.

Then when your time on this earth is over, the insurance company will pay out the death benefit in the form of a tax-free check directly to your beneficiary(s).

Those proceeds will give your loved ones the money needed to pay for your funeral costs, so they don’t have to come up with the funds out of their own pocket.

Oh and here’s some amazing news…

If there is any money left over after the funeral bills have been paid, it stays with your family to enrich their lives as they see fit!

 

Don’t get confused

The terms “burial insurance”, “funeral insurance”, and “final expense insurance” are not official terms so to speak.

They are honestly just marketing expressions.

Here’s the deal

Final expense insurance = burial insurance = funeral insurance. All three names mean the same thing. There is no difference in any way.

In this article (on our whole website really), you will notice that we consistently use all 3 terms.

Important Tip: If you ever see a website claim these 3 terms have different meanings run as fast as you can! There are websites that do suggest this, and it’s pure fallacy 😞. Making this claim would be akin to stating that the words “attorney” and “lawyer” have different meanings.

 

Who Are The Best Burial And Final Expense Life Insurance Companies?

These funeral insurance companies have the best plans offering unmatched value in terms of price and/or underwriting.

  1. Mutual of Omahaaward for best burial insurance company
  2. Royal Neighbors of America
  3. Foresters Financial
  4. Transamerica
  5. Prosperity Life
  6. AIG
  7. Americo
  8. Liberty Bankers Life
  9. Sentinel Security Life
  10. American Amicable
  11. Baltimore Life
  12. Aetna (American Continental Insurance Company)

 

Here’s How We Selected Which Ones Were The Best

First, all these insurance companies are very financially stable. All of them have at least an A rating or better with A.M. Best.

You could have coverage with any one of them, and feel completely confident they will all be able to pay your claim when the time comes.

Second, from a cost perspective, they all offer market competitive rates. You will receive a fair funeral insurance price from any of these companies.

Last, each of these burial policy companies offer unique underwriting value for specific health conditions. To be clear, what health niche(s) they serve varies from company to company. Ultimately, each of these carriers stands out in their own way when it comes to underwriting various afflictions.

Everyone is unique. For that reason, one of these companies might be the best funeral insurance company for you, but another person might be better served by a different carrier. There is no company the is the best for everyone.

Having said that, your best burial insurance policy likely resides with one of these funeral insurance companies 😉.

We’re an agency that represents all these companies. Check out what many satisfied customers had to say after dealing with us.

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Top 12 Best Final Expense & Burial Insurance Companies In The USA

5 star rated companies

Below you will see a fairly detailed breakdown of all the best final expense insurance companies. From prices, to product brochures, we leave little to the imagination. They are listed in no particular order.

 

 

1) Mutual Of Omahamutual of omaha logo

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Underwritten by one of the most well-respected life insurance companies in the world, Mutual of Omaha’s “Living Promise” (that’s what they call this product) funeral expense policy might very well be the best on the market.

Their premiums are consistently among the lowest, they can insure a variety of health issues, and most applicants can qualify for their immediate benefit plan.

To get even more details, here is a link to our Mutual of Omaha Burial Expense Review.

Mutual Of Omaha Premiums

AgeFemale
$10,000		Male
$10,000		Female
$20,000		Male
$20,000
45 $22.61 $25.45 $42.01 $47.69
50 $24.67 $29.16 $46.14 $55.11
55 $28.40 $35.09 $53.60 $66.98
60 $32.87 $42.76 $62.53 $82.31
65 $41.01 $55.76 $78.82 $108.31
70 $53.24 $73.70 $103.28 $144.20
75 $72.41 $99.53 $141.62 $195.85
80 $98.43 $132.65 $193.66 $262.11
85 $135.90 $183.15 $268.60 $363.10

 

 

2) Royal Neighbors Of Americaroyal neighbors logo

Click Here To See A Product Brochure

Although they are not a household name, Royal Neighbors has an outstanding track record that spans over 120 years. They were one of the first insurance companies to insure women and children.

They are a nonprofit fraternal organization licensed to provide insurance, so they include (at no additional charge) many valuable member benefits to all their policyholders. You can see a list of their member benefits here.

Their burial expense life insurance probably has the most lenient underwriting out of all the top insurance companies. This is particularly true for diabetics. In fact, it wouldn’t be too bold to claim they are far and above the most diabetic friendly final burial expense carrier in the nation 😮.

They aren’t just for diabetics either. They can and do insure applicants of all health profiles.

To get even more details, here is a link to our Royal Neighbors of America Burial Expense Review.

Royal Neighbors Premiums

AgeFemale
$10,000		Male
$10,000		Female
$20,000		Male
$20,000
50$33.71$39.61$64.81$76.61
55$37.51$46.31$72.41$90.01
60$38.21$50.11$73.81$97.61
65$44.61$58.81$86.61$115.01
70$55.61$74.81$108.61$147.01
75$79.81$110.41$157.01$218.21
80$110.41$153.81$218.21$305.01
85$148.81$212.71$295.01$422.81

 

 

3) Foresters Financialforesters logo

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Foresters Financial is another company that is a fraternal organization. They provide high quality life insurance burial policies, and generous member benefits to all their customers at no additional charge.

As a company, they are heavily involved in charity throughout the USA. For example, they partner with both the Ronald McDonald House and the Red Cross as part of their philanthropic agenda.

Foresters PlanRight burial ins offers competitive premiums, quick approval times, and can serve up unbeatable value for a wide variety of underwriting scenarios (as shown above).

It’s quite possible that your best funeral insurance policy is with Foresters Financial. It just depends on your health.

To get even more details, here is a link to our Foresters Financial Burial Expense Review.

Foresters Financial Premiums

AgeFemale
$10,000		Male
$10,000		Female
$20,000		Male
$20,000
50$26.05$32.00$48.95$60.85
55$31.16$36.86$59.17$70.58
60$35.41$45.19$67.67$87.22
65$42.80$55.75$82.44$108.34
70$53.42$72.91$103.69$142.66
75$75.08$102.69$147.00$202.23
80$111.08$146.74$219.01$290.33
85$165.92$200.75N/AN/A

 

 

4) Transamericatransamerica logo

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Backed by an outstanding insurance company, Transamerica’s Immediate Solution funeral life insurance product is a marriage of competitive premiums and lax underwriting.

They are one of the few carriers that will offer a no waiting period policy for someone with COPD, emphysema, or kidney disease.

All around, anyone able to qualify for their immediate solution plan can feel comfortable knowing they are paying a fair price for a quality burial insurance plan.

To get even more details, here is a link to our Transamerica Burial Expense Review.

Transamerica Premiums

AgeFemale
$10,000		Male
$10,000		Female
$20,000		Male
$20,000
50$25.30$30.70$47.10$57.90
55$29.10$35.90$54.70$68.30
60$33.60$43.70$63.70$83.90
65$41.60$56.50$79.70$109.50
70$53.90$74.60$104.30$145.70
75$72.80$100.00$142.10$196.50
80$104.00$140.20$204.50$276.90
85$148.60$200.40$293.70$397.30

 

 

5) Prosperity Life Group burial insurance companies

Click Here To See A Product Brochure

Prosperity Life Group is likely not an insurance company that you know of by name. However, that does not mean they aren’t trustworthy or that their insurance isn’t worth considering.

The truth is they have an excellent burial insurance plan that is a superior choice for many folks. For example, non cigarette smoking tobacco or nicotine users can all get a non tobacco rating. Prosperity will only apply a tobacco rating to those who smoke cigarettes. That is a huge savings!

They accept a lot of very high risk health issues, are available in nearly all states, and have a simple instant decision application process. With them, you’ll know if you are accepted in about 15 minutes.

All around, they’ve done a good job creating a price competitive product that offers many people immediate coverage whereas elsewhere they would get a two year waiting period. They may just be the best company for you.

To get even more details, here is a link to our Prosperity Burial Expense Review.

Prosperity Premiums

AgeFemale
$10,000		Male
$10,000		Female
$20,000		Male
$20,000
50$29.15$34.52$54.70$65.43
55$29.93$37.62$56.27$71.64
60$35.88$49.99$68.17$87.95
65$44.42$58.10$85.25$112.59
70$59.13$79.58$114.66$155.56
75$80.19$113.68$156.78$223.76
80$98.30$147.96$193.00$292.32

 

 

6) AIGaig logo

Click Here To See A Product Brochure

AIG only offers what’s called guaranteed issue life insurance. This kind of policy has no health questionnaire or any medical assessments. Your acceptance is guaranteed. As is the case with all guaranteed issue policies, there is a 24 month waiting period before the policy will pay out a death benefit. Should death occur during this time, AIG will merely refund 110% of premiums paid.

AIG has some of the lowest premiums for guaranteed issue life coverage relative to the other companies in the market. In addition, they are the only company that offers two free riders on every policy.

There’s a terminal illness rider that will allow you to access some of your death benefit if you are ever diagnosed with a terminal illness and given a life expectancy. In addition, they offer a Chronic Illness rider that will allow you to access some of your death benefit should you develop a chronic illness are unable to perform your activities of daily living.

Guaranteed issue burial policies are generally a last resort, but they do have their place when it comes to health issues that are so high risk you are unable to qualify for a plan that has underwriting.

To get even more details, here is a link to our AIG Burial Insurance Review.

AIG Premiums

AgeFemale
$10,000		Male
$10,000		Female
$20,000		Male
$20,000
50$35.83$51.92$69.66$101.85
55$39.86$56.50$77.71$110.99
60$45.14$63.17$88.27$124.33
65$54.51$73.09$107.02$144.18
70$70.41$93.14$138.83$184.28
75$95.82$124.49$189.63$246.98
80$135.12$175.15$268.25$348.30
85$204.20$298.86$406.41$595.73

 

 

7) Americoamerico logo

Click Here To See A Product Brochure

Americo has two different burial life expense plans. Their Ultra Protector plan is useful for a wide variety of health conditions. This plan is one of the few on the market that comes with 100% day one coverage for folks with COPD or emphysema. The Ultra Protector plan also offers immediate coverage for some other high risk conditions.

Their other plan goes by the name Eagle Premier. This particular plan is unique in various ways. One of the most significant benefits to this plan is the fact that non-cigarette smoking tobacco users can qualify for non-tobacco rates.

It’s also very useful, like their Ultra Protector Series, for multiple high-risk factors.

Regardless of your particular health issue(s), there is a good chance that Americo can offer you a low-cost funeral insurance policy that has no waiting period.

To get even more details, here is a link to our Americo Burial Expense Review.

Americo Premiums

AgeFemale
$10,000		Male
$10,000		Female
$20,000		Male
$20,000
50$27.67
$36.30
$51.55
$68.80
55$31.32
$40.49
$58.84
$77.18
60$38.46
$49.67
$73.11
$95.53
65$48.65
$62.92
$93.50
$122.04
70$60.88
$83.31
$117.95
$162.81
75$83.31
$113.87
$162.81
$223.93
80$129.12
$166.93
$254.45
$330.07
85$190.69
$229.59
$377.59
$455.37

 

 

8) Liberty Bankers Lifeliberty bankers life logo

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Without question, Liberty Bankers Life has one of the most unique burial policies in the country.

For example, people with COPD, emphysema, liver diseases, or kidney disease can qualify for a plan with a full day one benefit 😮. That is incredibly rare. Most carriers would absolutely impose a partial or full two year waiting period for these conditions.

Liberty is also one of the few companies that opens their plan up to people as young as 18. Most burial life insurance carriers start their products at age 50.

All around, Liberty Bankers life can be a great fit for folks with high risk health issues, and for healthy individuals. Honestly, they are a great option for just about everyone.

To get even more details, here is a link to our Liberty Bankers Life Burial Expense Review.

Liberty Bankers Life Premiums

AgeFemale
$10,000		Male
$10,000		Female
$20,000		Male
$20,000
50$25.57$30.51$46.51$56.39
55$30.40$36.79$56.17$68.95
60$34.67$45.80$64.71$86.97
65$42.81 $55.94$80.99$107.26
70$54.79 $73.31$104.95$141.99
75$76.20$100.15$147.78$195.67
80$109.16$146.80$213.69$288.97

 

 

9) Sentinel Security Life sentinel security life

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Sentinel Security Life also has an incredibly unique burial insurance program.

Their funeral insuance coverage is available to people as young 6 months, they offer 10 pay, 20 pay, paid up at 65, paid up at 85, and single premium options. Very few burial insurance carriers offer these payment options.

The biggest reason why Sentinel Security Life is on this list is because they are literally the only carrier that will offer some form of immediate protection to people who use oxygen. All other carriers will flat decline applicants who use oxygen or impose a full 2 year waiting period.

Quite frankly, there are many underwriting niches they serve for a wide variety of high risk health issues.

Their only real downside is their state availability is rather limited.

To get even more details, here is a link to our Sentinel Security Life Burial Expense Review.

Sentinel Security Life Premiums

AgeFemale
$10,000		Male
$10,000		Female
$20,000		Male
$20,000
50$23.06$27.73$43.10$52.44
55$26.94$34.43$50.86$65.84
60$33.79$42.42$64.57$81.84
65$42.42$53.82$81.84$104.63
70$53.12$69.93$103.23$136.84
75$76.34$97.43$149.67$191.85
80$108.30$147.07$213.59$291.13
85$160.85$202.75N/AN/A

 

 

10) American Amicableamerican amicable logo

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American Amicable is not a company that appeals to a broad audience. Their funeral expense policy is a great option for certain selection situations.

As one example, their tobacco user rates are quite competitive. They are typically a much cheaper option for cigarette smokers relative to other carriers.

In addition, they are one of the few companies that will offer non-tobacco rates to folks who smoke an occasional cigar or pipe.

Another very interesting aspect to their program is their rider selection. You can opt to add some interesting perks to your policy for a little bit extra each month. Some customers really like their riders.

At the end of the day, they aren’t a great fit for everyone, but for certain groups they are an excellent choice.

To get even more details, here is a link to our American Amicable Burial Expense Review.

American Amicable Premiums

AgeFemale
$10,000		Male
$10,000		Female
$20,000		Male
$20,000
50$26.67$31.65$50.69$60.65
55$33.69$40.04$64.74$77.43
60$38.27$47.06$73.89$91.47
65$47.06$59.75$91.47$116.85
70$60.38$78.79$118.12$154.94
75$81.73$108.02$160.82$213.39
80$113.68$155.83$224.72$309.01
85$166.03$221.32$329.41$439.99

 

 

11) Baltimore Lifebaltimore life logo

Click Here To See A Product Brochure

Baltimore life has a very unique product because they are the only carrier that will offer partial coverage to folks with some serious recent health issues. With virtually every other carrier, these health issues will result in a full two year waiting period.

Their graded plan will pay out 25% of the death benefit should death occur during year one, and 50% during year two. Their graded plan accepts all sorts of high risk conditions such as recent heart attacks, cancer, and congestive heart failure to name a few.

If you are willing to pay a little extra to have some coverage that starts immediately and you’ve recently had a high risk health event, Baltimore Life just might be your best option.

To get even more details, here is a link to our Baltimore Life Burial Expense Review.

Baltimore Life Premiums

AgeFemale
$10,000		Male
$10,000		Female
$15,000		Male
$15,000
50$27.90$33.30$39.15$47.25
55$32.40$39.60$45.90$56.70
60$38.70$48.60$55.35$70.20
65$47.70$60.30$68.85$87.75
70$61.20$78.30$89.10$114.75
75$81.00$104.40$118.80$153.90
80$117.90$147.60$174.15$218.70

 

 

12) Aetna aetna logo

Click Here To See A Product Brochure

Aetna is on this list for a variety of reasons. Chief among them is because they offer coverage to folks up to age 89. It’s incredibly uncommon for any life insurance company to insure applicants over 85.

Their underwriting is also quite unique. They are one of the few carriers that offer partial coverage to CHF patients and cancer survivors (must be a year out). At the same time, there are other niche health issues where they really stand out such as chronic kidney disease, extremely obesity, home health care, and mental health afflictions.

All around, Aetna has built a very unique product that allows them to offer great value to many seniors who are looking for funeral service insurance.

To get even more details, here is a link to our Aetna Burial Expense Review.

Aetna Premiums

AgeFemale
$10,000		Male
$10,000		Female
$15,000		Male
$15,000
45$30.00$35.00$56.67$66.67
50$32.50$35.83$60.00$68.33
55$38.33$45.00$73.33$86.67
60$42.50$51.67$81.67$100.00
65$51.67$62.50$100.00$121.67
70$65.83$81.67$128.33$160.00
75$85.83$108.33$168.33$213.33
80$119.17$145.83$235.00$288.33
85$161.67$199.17N/AN/A
86$174.17$220.83N/AN/A
87$186.67$242.50N/AN/A
88$198.33$264.17N/AN/A
89$210.83$285.83N/AN/A

 

Sample Rates

Below are some sample burial and final expense insurance quotes for ages 45-89.

You can have more or less coverage than what you see here. These are just samples to give you a rough idea of the cost.

*** Rates always stay the same & the policy never expires ***

AGEFemale
$5,000		Female
$10,000		Male
$5,000		Male
$10,000
45$12.91$22.61$14.32$25.45
46$13.11$23.02$14.69$26.17
47$13.38$23.55$15.11$27.02
48$13.69$24.18$15.58$27.96
49$13.84$24.48$15.86$28.52
50$13.94$24.67$16.18$29.16
51$14.33$25.45$16.75$30.30
52$14.54$25.88$17.16$31.12
53$14.91$26.62$17.70$32.20
54$15.33$27.47$18.41$33.61
55$15.80$28.40$19.15$35.09
56$16.24$29.27$19.83$36.45
57$16.63$30.06$20.55$37.91
58$17.02$30.83$21.24$39.27
59$17.45$31.70$22.01$40.82
60$18.04$32.87$22.98$42.76
61$18.86$34.51$24.29$45.38
62$19.63$36.06$25.55$47.90
63$20.46$37.72$26.86$50.52
64$21.28$39.36$28.17$53.14
65$22.11$41.01$29.48$55.76
66$23.32$43.44$31.27$59.35
67$24.53$45.86$33.07$62.93
68$25.75$48.29$34.87$66.53
69$27.01$50.81$36.66$70.11
70$28.22$53.24$38.45$73.70
71$29.92$56.63$40.78$78.36
72$31.66$60.12$43.06$82.92
73$33.57$63.93$45.61$88.01
74$35.49$67.78$48.18$93.16
75$37.81$72.41$51.37$99.53
76$40.73$78.25$55.04$106.87
77$43.36$83.51$58.42$113.64
78$45.82$88.44$61.53$119.86
79$48.31$93.41$64.72$126.23
80$50.82$98.43$67.93$132.65
81$54.71$106.21$73.10$143.00
82$58.58$113.96$78.37$153.54
83$62.26$121.31$83.31$163.41
84$65.88$128.55$88.24$173.28
85$69.55$135.90$93.18$183.15
86$88.75$174.17$112.08$220.83
87$95.00$186.67$122.92$242.50
88$100.83$198.33$133.75$264.17
89$107.08$210.83$144.58$285.83

 

How Burial Insurance Plans Are Unique

Make no mistake, life for burial expense policies are whole life insurance insurance.

But they are special whole life policies.

Here’s how these plans are unique…

 

#1 Incredibly Lenient Underwriting

Without question, the underwriting is the most unique aspect of burial and funeral insurance that sets it apart from traditional life insurance.

First of all, there is never a medical exam as part of the application. You only have to answer some basic questions about health. In fact, there are even some policies that have no health questions at all 😮.skip the medical exam

It gets even better

To say funeral insurance policies have lenient underwriting would be a massive understatement.

Burial insurance companies built these plans to absorb heavy risk, so that seniors with all sorts of health conditions can still qualify.

We simply cannot overstate this point enough.

The kind of health issues accepted by these burial expense companies would get you auto declined for traditional life products.

Here’s the bottom line.

The overwhelming majority of applicants can answer health questions and get approved with some funeral insurance company. It’s just a matter of finding which life insurance company has the right underwriting for you.

 

#2 No Health Questions Guaranteed Acceptance Available

You may not believe this, but it’s 100% true.

There are  life insurance companies that offer policies that have absolutely no health questions at all!

Yes you read that correctly.

These policies are commonly referred to as “guaranteed acceptance” or “guaranteed issue” life insurance policies.

Basically, the insurance company won’t evaluate your health in any way. Your acceptance is guaranteed. If you meet the age requirements, you can get a policy.

But wait there’s a catch

Guaranteed acceptance policies do come with two pretty significant drawbacks that you need to be aware of which is why they should always be a last resort.

  1. They ALL have a 24-month waiting period. If you pass away during this time, the insurer will merely refund all your premiums plus a little interest.
  2. They cost much more per month. The insurance companies are taking on substantially more risk, so they must charge more to cover the increased risk.

While it’s rare that someone truly needs a no health question policy, it does occasionally happen. It’s usually VERY serious health issues such as…

  • AIDS or HIV
  • Alzheimer’s or dementia
  • Dialysis
  • Organ transplants
  • Currently have cancer & have had it previously
  • Terminal illness
  • Wheelchair bound due to an illness or disease
  • In a nursing home

Outside of those sorts of serious life-threatening conditions, you can almost certainly qualify with some final expenses insurance company where you are answering health questions.

You’ll pay less and have coverage that starts from day one instead of having to wait two years before it kicks in 🙌.

 

#3 Small Face Value Options

Believe it or not, some funeral coverage companies will allow you to buy as little as $1,000 in coverage!

This is a an amazing feature because it allows you to buy only what you need to cover you end of life expenses.

For example, if you want to be cremated you only need between $2,000-$5,000 in coverage. Thankfully, end of life insurance companies allow you to buy those kinds of small amounts. You don’t need to pay for coverage that you don’t need.  You’d easily be able to buy just enough funeral expense insurance for cremation and save money because you are only purchasing what you need.

On the high end, most companies tend to have a maximum face amount between $25,000-$50,000.

You might be wondering… What if I want more than $50,000?

Have no fear because you can still do that. You can technically have a much as you want. You will likely just need to buy multiple policies from more than one company to get to the total face amount you are looking for.

 

10 Of The Best Features Of Funeral Expense Insurance

Let’s face it; funeral are expensive these days. An average burial can cost over $10,000 😰.

Now you don’t want these bills to be left to your family. Your presence on this website right now is evidence of that.

A burial expense policy is the perfect solution to this problem, but these aren’t your ordinary life insurance policies though.

They are special.

So it begs the question: How are they special?

We’ll show you how…

 

★ No Exams To Qualify ★ burial insurance companies

At no point will you ever be required to give a blood or urine sample or provide your medical records. The application process will literally only consist of asking you some basic health questions.

 

★ Super Lenient Underwriting ★ burial insurance companies

Burial insurance plans were designed to accept the risk of some fairly major health issues. This means that despite some problematic ailments, you can still get a policy!

Life insurance companies understand it’s only natural to develop health challenges with age. If they only accepted the very healthy, they would have no clients!

Although burial expenses plans do have very relaxed underwriting, there are indeed some health issues that are so high risk that they are uninsurable. In those cases, you’ll need a guaranteed issue policy to secure coverage (see below).

 

★ Guaranteed Issue Available If Necessary ★ burial insurance companies

As mentioned above, there are some health conditions that so negatively affect life expectancy that no insurer will touch it via a policy with any sort of underwriting.

In these circumstances, a guaranteed issue policy is totally appropriate (and likely your only option). These plans have no heath questions or medical checks of any kind. Your acceptance is always guaranteed.

The caveat to these no health question plans is that they come with a two-year waiting period and they cost more.

Basically, if you die in the first two years, the insurer will refund all your money plus interest. After the two years however, your coverage will pay out in full for any reason.

While they are rarely needed, guaranteed acceptance plans do have their place. Click here to see all the health conditions where a guaranteed issue policy is either your only option or it’s your best option.

 

★ Portability ★ United States map

What happens if you move?

Well if you have a pre-need policy at a funeral home, that could be a big issue since you are no longer near that funeral home.

However, with a funeral insurance policy, you are not bound to any geographical location.

Remember, a funeral insurance policy will merely pay out cash. It does not matter where you are. The insurance company will cut a check even if you pass away in another country.

No matter where you go, every funeral home in the world will accept cash.

And guess what?

Policies for burial pay out cold hard cash tax free 😉.

 

★ Permanent Policy Where Nothing Changes ★ reliable

Since burial insurance policies are whole life insurance, you can anticipate nothing changing on you.

There will never come a day where you get a letter in the mail informing you that your payment is going up, or that your coverage is decreasing, or that your policy will be expiring soon.

It will remain the same, and it will last forever no matter how long you live 😎.

 

★ Small Face Value Options ★small

You can buy as little or as much as you want.

Some carriers will allow you to buy as little as $1,000 in protection, but most seem to have a $2,000 minimum.

Ultimately, you can only buy what you need.

 

★ Lightning Fast Approvals ★lightning fast

At Choice Mutual, our average approval time is 18 minutes from the moment we submit the application.

As a whole, approval times can range from 12 minutes to 3 business days.

The length of time it takes entirely depends on which company you apply with. Having said that, no matter what you’ll know very quickly if you have been accepted.

 

★ Cash Value Accrues Over Time ★bag of money

Since these are whole life policies, cash value will build up over time. This cash value can be used should a financial emergency arise. You can even set up your policy to use the cash value to pay your premiums for you should you ever not have enough money in the bank to cover the payment.

While nobody should take out a policy for funeral expenses because of the cash value, it is a nice feature to have access to. Cash value really is just icing on the cake.

 

★ Lots Of Carrier Options ★who to choose

10,000 seniors per day are turning 65, and many of them do not have enough money to cover their funeral expenses.

This is the exact reason why burial insurance life plans are so popular. The demand is incredibly high.

With high demand, comes competition among insurance companies eager to serve the market.

The bottom line is that there are a ton of life insurance companies offering burial expense coverage.

This plays out very well for you the consumer because more competition among insurers means lower rates and lots of options to choose from.

 

Links To More Final Life Insurance Reviews

In addition to the above reviews of the top funeral expense insurance companies, below are some quick links to even more funeral insurance reviews.

We’ve taken a fine-tooth comb to each of these companies, so you can obtain a behind the scenes look at each carrier. Feel free to click on whichever one you are interested in learning about.

Side Note: If there is a company you want us to review, please let us know. Just email us at info @ choicemutual.com, and we’ll do a complete workup on the company you are interested in. We’ll publish it on our website within three business days.

 

Finding The Best Final Expenses Insurance Policy

So you’ve decided that you want the peace of mind that a funeral life policy can provide to ensure your family will never be left the burden of unpaid funeral expenses.

Or maybe you’re trying to insure your parents life.

Either way, the next step is to find and secure the right policy for you.

Want to know the best part?

Finding the best burial expense insurance is very simple!

It won’t take you weeks to accomplish or hours of calling. In fact, if you follow our instructions below, you can have this done in minutes.

But first, we need to clearly define something, so you know exactly what you are looking for.

 

What Constitutes The Best Burial Insurance?

We think you agree with us when we say that it’s going to be nearly impossible to find something when you don’t even know what you are looking for.

So here’s the bottom line

The best burial insurance plan has 3 critical elements.number one reward

  1. The policy is provided by an insurance company that has a strong and reliable financial track record.
  2. It protects you as much as possible as soon as possible (no waiting period if achievable).
  3. The policy costs less than what other insurance companies will charge.

Any final expense insurance plan that satisfies all three of those requirements is a plan you want to move on as soon as possible.

All three elements are important, so let’s discuss each one briefly.

 

Financial Track Record

An insurance policy is only as good as the issuing insurance company’s ability to pay its claims.

If the insurance company has financial issues, you run the risk of them not being able to fulfill their promise to you whenever you call on them to honor their obligation.

Thankfully, this is rarely an issue anymore.

At this point, life insurance is science. Due to actuarial tables, it’s virtually unheard of for an insurance company to have financial issues these days.

The vast majority of life insurance companies today are A rated with A.M. Best, and have strong balance sheets and cash reserves.

 

When The Policy Protects You

You may not be aware of this, but some burial insurance policies don’t fully protect you right away 😟.

Some policies make you wait a full two years before they will pay out a death benefit.

Let’s be clear on one thing here.

There are absolutely some health conditions where a person will be unable to obtain a policy that provides full immediate protection, but it’s uncommon.

Having said that, the overwhelming majority of applicants can qualify for a plan that fully protects them immediately.

The key thing to figure out is which insurance company(s) has underwriting that allows you to qualify for instant coverage.

Truthfully, there is no way for you to figure this out. You need an agency such as Choice Mutual to do it for you.

If your health permits full instant coverage, that should be your target goal. If isn’t possible, then you should aim for a plan that provides partial coverage during the first two years.

Only resort to a two-year waiting period policy after you have determined that full or partial coverage in the first two years isn’t an option.

Insider Tip: We cannot stress how critical it is that you allow an agency like Choice Mutual to evaluate your health to determine if you’ll be able to qualify for an immediate death benefit. Please do not assume a two-year waiting period policy is inevitable for you. Everyday, we talk to dozens of seniors who thought they would have a two year waiting period, and we got them immediate coverage.

 

The Policy Cost

This one should be obvious, but so many people disregard how important this piece of the puzzle is. It can be best summed up with one simple question.

If everything else is equal, why voluntarily pay more money to one company when another company offers it for a lower premium?

Most whole life final expense life insurance plans have a fairly similar cost among all the various insurers. However, someone has to be the cheapest, so why not go with them?

 

How To Find The Best Whole Life Burial Insurance

Ultimately, the way you get the best end of life insurance is done by comparing offers from multiple insurance companies to see which one suits you best.

Here’s the thing

Burial life insurance is not a cut and dry one size fits all thing. Your health is MAJOR factor that governs when your policy goes into effect, and what you pay.

You’ll need to enlist the services of a qualified independent burial insurance agency. An independent agency is one that represents lots of different insurance companies.

burial insurance companies

They aren’t married to any one insurer, so they can select whichever company suits you best.

Basically, they will evaluate your entire health history, and become familiar with your goals. Then they identify which burial insurance companies view your health most favorably.

Your agent will identify all the funeral insurance companies that are most accepting of your health issues. Those are the ones that will offer you the best price and coverage that protects you the soonest.

As you can see, one call does it all when you work with an independent agency.

Here’s what you need to look for when selecting an agency to help you find a policy

  • The agency must be independent and represent no less than 10 burial life insurance companies
  • They must have ample experience specifically in the insurance for final expenses market
  • They must focus only on this type of insurance

We’re obviously biased, but we know the competition, so we don’t feel reserved about saying this.

Our carrier selection, vast experience, and commitment to serving your interests is why Choice Mutual is best suited to help you find the best burial policy.

Nevertheless, if you work with someone else, just make sure they have the three attributes listed above.

 

Two More VERY Important Factors To Consider

In the world we live in today, we can do most things on our own. We very rarely need help from anyone to do anything which is awesome.burial insurance companies

But when it comes to burial life insurance policies, you cannot find your best plan on your own.

Consider these two key facts…

 

1) Final Expense Insurance Companies Will Not Allow You To Purchase Their Insurance Directly From Them

You read that correctly. There is not one funeral insurance company that will sell you their insurance without you going through an agency. You must buy through an agent.

You are welcome to call any of them with your checkbook in hand, and they will all have the same response. They’ll all tell you to find an agent.

Life insurance isn’t sold in a grocery store for one simple reason. There’s way too many variables to consider. That’s why insurance is sold through agents.

So as long as you are working with an agent, make sure it’s one that is professional, knowledgeable, not pushy, and respectful (Choice Mutual 😎)

Insider Tip: The only exception to this rule pertains to guaranteed issue life insurance. Those policies are sold directly by insurers. However, all guaranteed issue policies have a two year waiting period, and they are much more expensive (can be as much as 300% more) compared to burial policies sold by agents.

 

2) There Are Dozens And Dozens Of Funeral Insurance Companies That You’ve Never Heard Of And You Need Them

In the USA there are literally thousands of life insurance companies. Of them, only a very small fraction of them advertise on TV, magazines, online, or in newspapers.

That means 99% of the life insurance companies out there, you have no clue who they are.

Why are we saying this?

We are telling you this because there is a really good chance that your best burial policy will probably be with an insurer whose name you are totally unfamiliar with.

Let’s be clear on a few things

  • These insurance companies are equally as trustworthy
  • They are very financially stable
  • Not knowing their names is not bad

Think about it like this. Why do you know the name “State Farm”? The only reason you know their name is because they have literally spent hundreds of millions of dollars advertising specifically so you know their name.

At the end of the day, your best burial insurance plan might be with a company that you’ve heard of. But very likely, it will be with a company that you don’t know of.

Just be open to this idea because if you limit yourself only to companies that you know by name, you are dealing with a VERY small pool.

Furthermore (and this might sound hard to believe), most of the big-name companies that do advertise have the some of the worst final expense plans on the market.

They are very often much more expensive, they expire at a certain age, or they come with a two-year waiting period.

Again, be open to companies that you don’t know by name. It will only benefit you.

 

Why You Should Let Choice Mutual Help You

We may be biased, but it’s not without merit.

Here’s why we are unquestionably the most well qualified agency to assist you in finding YOUR best burial expense insurance plan.

  1. We have over 20 carriers to choose from. Being independent means we can represent whoever we want. We aren’t married to any particular company. Our portfolio of carriers is so large so that we can impartially select which one is best for you. We don’t care which company is best for you. All we care about is doing what is best for you.
  2. Funeral life insurance is all we do. Would you rather deal with someone who is sort of familiar with the kind of insurance you need or someone who is an expert at it? Literately, we don’t do any other kind of life insurance or any other line of insurance for that matter. If we become masters (which we are) at this kind of insurance, then and only then can we truly best help each individual who seeks our guidance.
  3. Your interests are our #1 priority. Yes we could place you with companies that make us more money. However, we don’t do that. We will always make sure we recommend whichever final expense insurance coverage carrier is best for you.

Still unsure?

Call us see and friendly and helpful we are. You’ll learn very quickly why so many other people choose to work with us.

About Anthony Martin
About Anthony Martin

I’m a final expense insurance expert, official member of the Forbes Finance Council, and the Founder & CEO of Choice Mutual. I have been selling only final expense insurance since 2010 and try hard to share with you the knowledge I’ve garnered after helping thousands of clients. Choice Mutual is an independent insurance agency licensed in all 50 U.S. states including Washington D.C. We represent over 15 different insurance carriers on your behalf so we can find which one will approve you for the best policy. I started this company so people like you could finally get honest answers & advice from friendly agents who know this business inside and out.

18 Comments
Robert Hearin

Please call me at 5**-3**-9***, so I can talk to you about three policies for three difference people. Best wishes, Robert M. H, Jr. (Two Louisiana residents, One Florida res.). RSVP

July 11, 2017 at 10:07 pm
Reply
    Choice Mutual

    Hi Robert,

    We’ll call you shortly to help you with this.

    July 11, 2017 at 10:54 pm
    Reply
gerolld burrow

need life insurance

July 4, 2018 at 5:05 pm
Reply
    Choice Mutual

    Hi Gerolld,

    Thanks for reaching out. We’ll contact you immediately to help you find the best policy for you.

    July 5, 2018 at 5:54 am
    Reply
Irfan

Wow Amazing Article. Thanks for sharing us this knowledge. Your Article is really helpful for me. Thank you so much

July 26, 2018 at 1:05 am
Reply
    Choice Mutual

    Hi Irfan,

    Thanks for the flattering compliments 🙂 We’re glad you found value in this article.

    July 26, 2018 at 5:56 am
    Reply
Earl Davis

I want know how much insurance

December 10, 2018 at 8:57 am
Reply
    Choice Mutual

    Hi Earl,

    You have a few options to see rates. First, you can use the quote tool on this website. You will instantly see rates from all the top carriers in your states.

    Second, you view some of the sample prices right here in this article.

    Finally, you can speak to one of our agents. They will ask you a few questions to get you accurate quotes from a company that you will qualify with.

    While all the rates you see on our website are accurate, we highly recommend you speak to an agent. Only they can figure out which carriers will approve you which will allow them to give you accurate prices. Our toll free number is 1-800-644-2926.

    Thanks,

    December 10, 2018 at 11:32 am
    Reply
Cindy Strole

Would like a call back

February 19, 2019 at 3:42 pm
Reply
    Choice Mutual

    Hi Cindy,

    We’ll be in touch!

    February 20, 2019 at 11:15 am
    Reply
Miriam Mejia

Do you have Spanish speaking agents my mother is interested In getting burial insurance

March 10, 2019 at 8:22 am
Reply
    Choice Mutual

    Hi Miriam,

    I’m sorry we do not currently have any Spanish speaking agents. The biggest issue is most insurance companies don’t allow the applications to be done in Spanish otherwise we would.

    Sorry we couldn’t help you out 🙁

    March 10, 2019 at 10:05 am
    Reply
Elaine

I want to know a life insurance for my mom.

May 31, 2019 at 2:47 am
Reply
    Anthony Martin

    Hi Elaine,

    We can definitely help you find coverage for your mom.

    Call us at 1-800-644-2926 and one of our agents will ask you a few questions to figure out which insurance company would be best for your mom.

    May 31, 2019 at 6:47 am
    Reply
Tracy Robinson

Hello. My daughter will be 40 in about a month. I had life ins. on her for yrs & was given some bad advice & cancelled it. Then she became ill & I can’t reinstate it or get new coverage. I need a ‘guarantee issue’ policy, or burial policy? I need one WITH NO TWO YEAR WAITING PERIOD for death benefit. Can you please help me locate? Thank you, Tracy Robinson

August 11, 2019 at 5:19 pm
Reply
    Anthony Martin

    Hi Tracy,

    Very sorry to hear about your situation especially your daughter experiencing some health issues.

    We can help you find a new policy on your daughter. Whether or not she will qualify for a plan that has no waiting period depends entirely on her health.

    The best thing to do is call us at 1-800-644-2926 and one of our agents will help you with this.

    August 11, 2019 at 5:29 pm
    Reply
yuvraj

very informative about the policies

August 14, 2019 at 1:59 am
Reply
    Anthony Martin

    Thanks! Glad you found the content helpful.

    August 14, 2019 at 6:06 am
    Reply
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