12 Best Burial and Final Expense Insurance Companies In 2020

This 2020 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.

Article Overview (Click a link to jump)

• Policy Details
• 12 Best Companies
• Age 45-89 Quotes
• Sample Applications & Policies
• No Waiting Period Coverage
• 10 Best Features Of These Plans
• Other Company Reviews
• How To Find The Best Funeral Insurance Plan

 

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.

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.

To be very clear…

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.

 

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 Omaha
2. Royal Neighbors of America
3. Foresters Financial
4. Transamerica
5. Prosperity Life
6. AIG
7. Americo
8. Liberty Bankers Life
9. Gerber 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 but 2 of them have an A rating 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.

 

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

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.

 

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1) Mutual Of Omaha

• First Year In Business: 1909
• A.M. Best Rating: A+ (superior)
• Better Business Bureau Rating: A+
• Product Name: Living Promise Level Benefit
• Policy Type: Whole Life Insurance
• 2 Year Waiting Period: No (subject to underwriting approval)
• Premiums Stay The Same Forever: Yes
• Policy Duration: Forever (never expires)
• What Does The Policy Cover: The net result is a tax free cash payment (every funeral home accepts cash)
• Does It Pay Out Due To Accident: Yes
• Are The Proceeds Taxable: No
• Who Receives The Money: Anyone you want (family member, funeral home, friend, etc)
• Can You Have More Than 1 Beneficiary: Yes (You can have as many as you’d like)
• Restrictions How Money Is Used: None (The money can be spent on anything)
• Do Health Issues After Policy Approval Cause The Policy To Cancel: No (health issues after approval don’t matter)
• Payout Exclusions In First 2 Years: Suicide or health misrepresentation
• Builds Cash Value: Yes (you can borrow from)
• What If You Move To Another State/Country: Policy is still good & payable (nothing changes)
• State Availability: All states except NY
• Coverage Amount Range: $2,000-$40,000
• New Applicant Age Range: 45-85 (policy lasts forever once issued)
• Optional Riders: Accidental death (doubles the payout for accidental death)
• Can Children/Grandchildren Purchase Policy On Parents: Yes (their consent required)
• Time Before Lapse After A Missed Payment: 61 days
• Sample Policy: Click Here
• How To Apply: Through agencies licensed to sell Mutual of Omaha products (it’s not sold direct)
• Phone Number To Apply: 1-800-644-2926
• Sample Application: Click Here
• Application Approval Time: 10 minutes – 3 business days
• Medical Exam Required: No
• Guaranteed Acceptance: No (there are health questions)
• Down Payment/Application Fee: None
• 1st Payment Required At Application: No (you choose when the first payment begins)
• Common Health Issues They Accept: Seizure Conditions | Type 2 Diabetes | Life Insurance For Seniors Over 80 | Blood Thinners | Squamous Cell Skin Cancer | Sleep Apnea | Epilepsy | High Blood Pressure | Cholesterol | Arthritis | Fibromyalgia | Asthma | Blood Thinners | Crohn’s Disease | Depression/Anxiety | Diverticulitis | Graves’ Disease | Sleep Apnea | Smokers | Tumors (non cancerous)

Click Here To See A Product Brochure

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. They also have the best life insurance for children too.

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

Mutual Of Omaha Premiums

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

Age	Female $10,000	Male $10,000	Female $20,000	Male $20,000
45	$22.61	$27.11	$42.01	$51.01
50	$24.31	$30.68	$45.41	$58.15
55	$27.71	$35.95	$52.21	$68.69
60	$32.87	$43.76	$62.53	$84.32
65	$41.01	$56.48	$78.82	$109.75
70	$53.24	$74.61	$103.28	$146.01
75	$72.41	$99.97	$141.62	$196.74
80	$98.43	$139.73	$193.66	$276.26
85	$135.90	$192.74	$268.60	$382.27

The policy does not end once you turn 85.

It lasts forever once issued. 85 is just the max age for new applicants.

 

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2) Royal Neighbors Of America

• First Year In Business: 1895
• A.M. Best Rating: A- (excellent)
• Better Business Bureau Rating: A+
• Product Name: Simplified Issue Whole Life
• Policy Type: Whole Life Insurance
• 2 Year Waiting Period: No (subject to underwriting approval)
• Premiums Stay The Same Forever: Yes
• Policy Duration: Forever (never expires)
• What Does The Policy Cover: The net result is a tax free cash payment (every funeral home accepts cash)
• Does It Pay Out Due To Accident: Yes
• Are The Proceeds Taxable: No
• Who Receives The Money: Anyone you want (family member, funeral home, friend, etc)
• Can You Have More Than 1 Beneficiary: Yes (You can have as many as you’d like)
• Restrictions How Money Is Used: None (The money can be spent on anything)
• Do Health Issues After Policy Approval Cause The Policy To Cancel: No (health issues after approval don’t matter)
• Payout Exclusions In First 2 Years: Suicide or health misrepresentation
• Builds Cash Value: Yes (you can borrow from)
• What If You Move To Another State/Country: Policy is still good & payable (nothing changes)
• State Availability: All states except AK, AL, HA, LA, MA, NH, NY
• Coverage Amount Range: $5,000-$25,000
• New Applicant Age Range: 50-85 (policy lasts forever once issued)
• Optional Riders: None
• Can Children/Grandchildren Purchase Policy On Parents: Yes (their consent required)
• Time Before Lapse After A Missed Payment: 60 days
• Sample Policy: Click Here
• How To Apply: Through agencies licensed to sell Royal Neighbors of America products
• Phone Number To Apply: 1-800-644-2926
• Sample Application: Click Here
• Application Approval Time: 15-20 minutes
• Medical Exam Required: No
• Guaranteed Acceptance: No (there are health questions)
• Down Payment/Application Fee: None
• 1st Payment Required At Application: No (you choose when the first payment begins)
• Common Health Issues They Accept: Type 2 Diabetes | Diabetic Neuropathy | Schizophrenia | Bi Polar Disorder | Depression | Blood Thinners | Severely Overweight | TIA Mini Strokes | Over 80 Life Insurance | Blood Clots | Tumors | Home Health Care | Retinopathy | Multiple Instances Of Cancer | Hypertension | Aneurysm | Arthritis | Asthma | Irregular Heart Beat | Blindness | Cholesterol | Crohn’s Disease | Diverticulitis | Fibromyalgia | Graves Disease | Scleroderma | Sleep Apnea

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

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

Age	Female $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

The policy does not end once you turn 85.

It lasts forever once issued. 85 is just the max age for new applicants.

 

 

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3) Foresters Financial

• First Year In Business: 1874
• A.M. Best Rating: A (excellent)
• Better Business Bureau Rating: A+
• Product Name: PlanRight Level Benefit
• Policy Type: Whole Life Insurance
• 2 Year Waiting Period: No (subject to underwriting approval)
• Premiums Stay The Same Forever: Yes
• Policy Duration: Forever (never expires)
• What Does The Policy Cover: The net result is a tax free cash payment (every funeral home accepts cash)
• Does It Pay Out Due To Accident: Yes
• Are The Proceeds Taxable: No
• Who Receives The Money: Anyone you want (family member, funeral home, friend, etc)
• Can You Have More Than 1 Beneficiary: Yes (You can have as many as you’d like)
• Restrictions How Money Is Used: None (The money can be spent on anything)
• Do Health Issues After Policy Approval Cause The Policy To Cancel: No (health issues after approval don’t matter)
• Payout Exclusions In First 2 Years: Suicide or health misrepresentation
• Builds Cash Value: Yes (you can borrow from)
• What If You Move To Another State/Country: Policy is still good & payable (nothing changes)
• State Availability: All 50 States
• Coverage Amount Range: $5,000-$35,000 (varies by age)
• New Applicant Age Range: 50-85 (policy lasts forever once issued)
• Optional Riders: Accidental death (doubles the payout for accidental death)
• Can Children/Grandchildren Purchase Policy On Parents: Yes (their consent required)
• Time Before Lapse After A Missed Payment: 70 days
• Sample Policy: Click Here
• How To Apply: Through agencies licensed to sell Foresters Financial products
• Phone Number To Apply: 1-800-644-2926
• Sample Application: Click Here
• Application Approval Time: 15-20 minutes
• Medical Exam Required: No
• Guaranteed Acceptance: No (there are health questions)
• Down Payment/Application Fee: None
• 1st Payment Required At Application: No (you choose when the first payment begins)
• Common Health Issues They Accept: Seizure Issues Such As Epilepsy | Type 2 Diabetes | Type 1 Diabetes | Blood Thinners | Atrial Fibrillation (Afib) | Bi Polar Disorder | Schizophrenia | Depression | Multiple Sclerosis | Sleep Apnea | Wheelchair Usage

Click Here To See A Product Brochure

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

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

Age	Female $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	$200.75	N/A	N/A

The policy does not end once you turn 85.

It lasts forever once issued. 85 is just the max age for new applicants.

 

 

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4) Transamerica

• First Year In Business: 1904
• A.M. Best Rating: A+ (superior)
• Better Business Bureau Rating: A-
• Product Name: Immediate Solution Preferred
• Policy Type: Whole Life Insurance
• 2 Year Waiting Period: No (subject to underwriting approval)
• Premiums Stay The Same Forever: Yes
• Policy Duration: Forever (never expires)
• What Does The Policy Cover: The net result is a tax free cash payment (every funeral home accepts cash)
• Does It Pay Out Due To Accident: Yes
• Are The Proceeds Taxable: No
• Who Receives The Money: Anyone you want (family member, funeral home, friend, etc)
• Can You Have More Than 1 Beneficiary: Yes (You can have as many as you’d like)
• Restrictions How Money Is Used: None (The money can be spent on anything)
• Do Health Issues After Policy Approval Cause The Policy To Cancel: No (health issues after approval don’t matter)
• Payout Exclusions In First 2 Years: Suicide or health misrepresentation
• Builds Cash Value: Yes (you can borrow from)
• What If You Move To Another State/Country: Policy is still good & payable (nothing changes)
• State Availability: All 50 States
• Coverage Amount Range: $1,000-$50,000 (varies by age)
• New Applicant Age Range: 45-85 (policy lasts forever once issued)
• Optional Riders: Accidental death (doubles the payout for accidental death)
• Can Children/Grandchildren Purchase Policy On Parents: Yes (their consent required)
• Time Before Lapse After A Missed Payment: 31 days
• Sample Policy: Click Here
• How To Apply: Through agencies licensed to sell Transamerica products
• Phone Number To Apply: 1-800-644-2926
• Sample Application: Click Here
• Application Approval Time: 2-5 business days
• Medical Exam Required: No
• Guaranteed Acceptance: No (there are health questions)
• Down Payment/Application Fee: None
• 1st Payment Required At Application: No (you choose when the first payment begins)
• Common Health Issues They Accept: COPD or Emphysema | Diabetic Neuropathy | Blood Thinners | Bi Polar Disorder | Schizophrenia | Depression | Parkinson’s Disease | Kidney Disease | Disability

Click Here To See A Product Brochure

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

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

Age	Female $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

The policy does not end once you turn 85.

It lasts forever once issued. 85 is just the max age for new applicants.

 

 

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5) Prosperity Life Group

• First Year In Business: 1938
• A.M. Best Rating: A- (excellent)
• Better Business Bureau Rating: A+
• Policy Type: Whole Life Insurance
• Product Name: New Vista Level Benefit
• 2 Year Waiting Period: No (subject to underwriting approval)
• Premiums Stay The Same Forever: Yes
• Policy Duration: Forever (never expires)
• What Does The Policy Cover: The net result is a tax free cash payment (every funeral home accepts cash)
• Does It Pay Out Due To Accident: Yes
• Are The Proceeds Taxable: No
• Who Receives The Money: Anyone you want (family member, funeral home, friend, etc)
• Can You Have More Than 1 Beneficiary: Yes (You can have as many as you’d like)
• Restrictions How Money Is Used: None (The money can be spent on anything)
• Do Health Issues After Policy Approval Cause The Policy To Cancel: No (health issues after approval don’t matter)
• Payout Exclusions In First 2 Years: Suicide or health misrepresentation
• Builds Cash Value: Yes (you can borrow from)
• What If You Move To Another State/Country: Policy is still good & payable (nothing changes)
• State Availability: All states except CT, DE, DC, HI, MT, ND, & SD
• Coverage Amount Range: $1,500-$35,000
• New Applicant Age Range: 50-80 (policy lasts forever once issued)
• Optional Riders: Accidental death (doubles the payout for accidental death)
• Can Children/Grandchildren Purchase Policy On Parents: Yes (their consent required)
• Time Before Lapse After A Missed Payment: 53 days
• Sample Policy: Click Here
• How To Apply: Through agencies licensed to sell Prosperity Life Group products
• Phone Number To Apply: 1-800-644-2926
• Sample Application: Click Here
• Application Approval Time: 15-20 minutes
• Medical Exam Required: No
• Guaranteed Acceptance: No (there are health questions)
• Down Payment/Application Fee: None
• 1st Payment Required At Application: No (you choose when the first payment begins)
• Common Health Issues They Accept: Type 2 Diabetes | Diabetic Amputations | Depression | Atrial Fibrillation | Blood Thinners | Blood Clots | Multiple Sclerosis | Tumors (Non Cancerous) | Wheelchair Usage (Not Because Of Disease) | Sleep Apnea | Cigar Smokers | Tobacco Chewers | Pipe Smokers | Pacemakers | Defibrillator | Fibromyalgia | Diverticulitis | Disability

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 price to those who smoke cigarettes. That is a huge savings!

They accept a lot of very high risk health issues, will all you to buy life insurance for your grandparents, 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

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

Age	Female $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

The policy does not end once you turn 80.

It lasts forever once issued. 80 is just the max age for new applicants.

 

 

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6) AIG

• First Year In Business: 1919
• A.M. Best Rating: A+ (superior)
• Better Business Bureau Rating: A-
• Product Name: Guaranteed Issue Whole Life
• Policy Type: Whole Life Insurance
• 2 Year Waiting Period: Yes
• Premiums Stay The Same Forever: Yes
• Policy Duration: Forever (never expires)
• What Does The Policy Cover: The net result is a tax free cash payment (every funeral home accepts cash)
• Does It Pay Out Due To Accident: Yes (100% even during the waiting period)
• Are The Proceeds Taxable: No
• Who Receives The Money: Anyone you want (family member, funeral home, friend, etc)
• Can You Have More Than 1 Beneficiary: Yes (You can have as many as you’d like)
• Restrictions How Money Is Used: None (The money can be spent on anything)
• Do Health Issues After Policy Approval Cause The Policy To Cancel: No (health issues after approval don’t matter)
• Payout Exclusions In First 2 Years: Suicide or any non accidental death
• Builds Cash Value: Yes (you can borrow from)
• What If You Move To Another State/Country: Policy is still good & payable (nothing changes)
• State Availability: All states except ME, NY, & PA
• Coverage Amount Range: $5,000-$25,000
• New Applicant Age Range: 50-85 (policy lasts forever once issued)
• Optional Riders: None
• Can Children/Grandchildren Purchase Policy On Parents: Yes (their consent required)
• Time Before Lapse After A Missed Payment: 45 days
• Sample Policy: Click Here
• How To Apply: Through agencies licensed to sell AIG products or via AIG Direct
• Phone Number To Apply: 1-800-644-2926
• Sample Application: Click Here
• Application Approval Time: 3-5 minutes
• Medical Exam Required: No
• Guaranteed Acceptance: Yes
• Down Payment/Application Fee: None
• 1st Payment Required At Application: No (you choose when the first payment begins)
• Common Health Issues They Accept: HIV Or AIDS | Dialysis | Angina | Oxygen Use | Current Internal Cancer | CHF | Dementia Or Alzheimer’s | Wheelchair Bound Due To Disease

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

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

Age	Female $10,000	Male $10,000	Female $20,000	Male $20,000
50	$35.83	$51.92	$73.93	$101.85
55	$43.23	$56.90	$95.34	$125.17
60	$50.02	$63.17	$110.15	$138.18
65	$61.57	$84.15	$135.37	$184.61
70	$74.52	$98.18	$163.60	$215.24
75	$107.17	$138.55	$234.85	$303.31
80	$175.42	$246.44	$383.77	$538.70
85	$199.06	$315.82	$437.18	$692.70

The policy does not end once you turn 85.

It lasts forever once issued. 85 is just the max age for new applicants.

 

 

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7) Americo

• First Year In Business: 1909
• A.M. Best Rating: A (excellent)
• Better Business Bureau Rating: B-
• Product Name: Eagle Premier
• Policy Type: Whole Life Insurance
• 2 Year Waiting Period: No (subject to underwriting approval)
• Premiums Stay The Same Forever: Yes
• Policy Duration: Forever (never expires)
• What Does The Policy Cover: The net result is a tax free cash payment (every funeral home accepts cash)
• Does It Pay Out Due To Accident: Yes
• Are The Proceeds Taxable: No
• Who Receives The Money: Anyone you want (family member, funeral home, friend, etc)
• Can You Have More Than 1 Beneficiary: Yes (You can have as many as you’d like)
• Restrictions How Money Is Used: None (The money can be spent on anything)
• Do Health Issues After Policy Approval Cause The Policy To Cancel: No (health issues after approval don’t matter)
• Payout Exclusions In First 2 Years: Suicide or health misrepresentation
• Builds Cash Value: Yes (you can borrow from)
• What If You Move To Another State/Country: Policy is still good & payable (nothing changes)
• State Availability: All states except NY & VT
• Coverage Amount Range: $2,000-$30,000
• New Applicant Age Range: 50-85 (policy lasts forever once issued)
• Optional Riders: None
• Can Children/Grandchildren Purchase Policy On Parents: Yes (their consent required)
• Time Before Lapse After A Missed Payment: 60 days
• Sample Policy: N/A
• How To Apply: Through agencies licensed to sell Americo products
• Phone Number To Apply: 1-800-644-2926
• Sample Application: Click Here
• Application Approval Time: 10-15 minutes
• Medical Exam Required: No
• Guaranteed Acceptance: No (there are health questions)
• Down Payment/Application Fee: None
• 1st Payment Required At Application: No (you choose when the first payment begins)
• Common Health Issues They Accept: Parkinson’s Disease | Systemic Lupus | Heart Attack | Stroke | Heart Surgery | Circulatory Surgery | Pipe Smokers | Chewing Tobacco | Home Health Care | Afib | Cigar Smokers | Type 2 Diabetes | Multiple Sclerosis | Seizures

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

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

Age	Female $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

The policy does not end once you turn 85.

It lasts forever once issued. 85 is just the max age for new applicants.

 

 

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8) Liberty Bankers Life

• First Year In Business: 1958
• A.M. Best Rating: B++ (good)
• Better Business Bureau Rating: A+
• Product Name: SIMPL Preferred
• Policy Type: Whole Life Insurance
• 2 Year Waiting Period: No (subject to underwriting approval)
• Premiums Stay The Same Forever: Yes
• Policy Duration: Forever (never expires)
• What Does The Policy Cover: The net result is a tax free cash payment (every funeral home accepts cash)
• Does It Pay Out Due To Accident: Yes
• Are The Proceeds Taxable: No
• Who Receives The Money: Anyone you want (family member, funeral home, friend, etc)
• Can You Have More Than 1 Beneficiary: Yes (You can have as many as you’d like)
• Restrictions How Money Is Used: None (The money can be spent on anything)
• Do Health Issues After Policy Approval Cause The Policy To Cancel: No (health issues after approval don’t matter)
• Payout Exclusions In First 2 Years: Suicide or health misrepresentation
• Builds Cash Value: Yes (you can borrow from)
• What If You Move To Another State/Country: Policy is still good & payable (nothing changes)
• State Availability: All states except CT, MA, MN, NH, NY, RI
• Coverage Amount Range: $3,000-$30,000
• New Applicant Age Range: 50-80 (policy lasts forever once issued)
• Optional Riders: Accidental Death & Dismemberment | Children Term | Grandchildren Term
• Can Children/Grandchildren Purchase Policy On Parents: Yes (their consent required)
• Time Before Lapse After A Missed Payment: 60 days
• Sample Policy: N/A
• How To Apply: Through agencies licensed to sell Liberty Bankers Life products
• Phone Number To Apply: 1-800-644-2926
• Sample Application: Click Here
• Application Approval Time: 15-20 minutes
• Medical Exam Required: No
• Guaranteed Acceptance: No (there are health questions)
• Down Payment/Application Fee: None
• 1st Payment Required At Application: No (you choose when the first payment begins)
• Common Health Issues They Accept: COPD or Emphysema | Parkinson’s Disease | Systemic Lupus | Liver Cirrhosis | Kidney Disease | Hepatitis | Chronic Bronchitis | Diabetes | Bi Polar | Schizophrenia | Depression | Afib | Epilepsy | Fibromyalgia | Seizures

Click Here To See A Product Brochure

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

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

Age	Female $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

The policy does not end once you turn 80.

It lasts forever once issued. 80 is just the max age for new applicants.

 

 

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9) Gerber Life

• First Year In Business: 1967
• A.M. Best Rating: A (excellent)
• Better Business Bureau Rating: A+
• Product Name: Guaranteed Life Insurance
• Policy Type: Whole Life Insurance
• 2 Year Waiting Period: Yes
• Premiums Stay The Same Forever: Yes
• Policy Duration: Forever (never expires)
• What Does The Policy Cover: The net result is a tax free cash payment (every funeral home accepts cash)
• Does It Pay Out Due To Accident: Yes (100% even during the waiting period)
• Are The Proceeds Taxable: No
• Who Receives The Money: Anyone you want (family member, funeral home, friend, etc)
• Can You Have More Than 1 Beneficiary: Yes (You can have as many as you’d like)
• Restrictions How Money Is Used: None (The money can be spent on anything)
• Do Health Issues After Policy Approval Cause The Policy To Cancel: No (health issues after approval don’t matter)
• Payout Exclusions In First 2 Years: Suicide or any non accidental death
• Builds Cash Value: Yes (you can borrow from)
• What If You Move To Another State/Country: Policy is still good & payable (nothing changes)
• State Availability: All states except MT
• Coverage Amount Range: $5,000-$25,000
• New Applicant Age Range: 50-80 (policy lasts forever once issued)
• Optional Riders: None
• Can Children/Grandchildren Purchase Policy On Parents: Yes (their consent required)
• Time Before Lapse After A Missed Payment: 31 days
• Sample Policy: Click Here
• How To Apply: Through agencies licensed to sell Gerber Life products or direct from Gerber Life
• Phone Number To Apply: 1-800-644-2926
• Sample Application: Click Here
• Application Approval Time: 5-10 minutes
• Medical Exam Required: No
• Guaranteed Acceptance: Yes
• Down Payment/Application Fee: None
• 1st Payment Required At Application: No (you choose when the first payment begins)
• Common Health Issues They Accept: Oxygen Use | AIDS/HIV | Current Cancer | Congestive Heart Failure | Dementia | Angina | Wheelchair Usage |

Click Here To See A Product Brochure

Gerber Life’s final expense policy is a guaranteed issue whole life policy. There are no medical questions or any life/lifestyle underwriting.

Simply put, Gerber Life will know nothing about your health. Because there are no health questions, there is a two year waiting period as is the case with all guaranteed acceptance plans.

It’s a competitively priced guaranteed issue policy that is suitable for people with very high risk conditions such as HIV, dialysis, cancer etc.

Gerber is also infamous for their Gerber grow plan children’s insurance policy. It’s a good child policy, but not the best one available.

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

Gerber Life Premiums

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

Age	Female $10,000	Male $10,000	Female $20,000	Male $20,000
50	$34.47	$22.50	$68.02	$87.27
55	$44.28	$57.93	$87.63	$114.95
60	$51.06	$63.89	$101.20	$126.87
65	$62.61	$85.16	$124.30	$169.40
70	$75.53	$99.18	$150.15	$197.45
75	$108.17	$139.52	$215.42	$278.12
80	$264.09	$247.32	$351.82	$493.72

The policy does not end once you turn 80.

It lasts forever once issued. 80 is just the max age for new applicants.

 

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10) American Amicable

• First Year In Business: 1910
• A.M. Best Rating: A (excellent)
• Better Business Bureau Rating: A
• Product Name: Senior Choice Immediate Benefit
• Policy Type: Whole Life Insurance
• 2 Year Waiting Period: No (subject to underwriting approval)
• Premiums Stay The Same Forever: Yes
• Policy Duration: Forever (never expires)
• What Does The Policy Cover: The net result is a tax free cash payment (every funeral home accepts cash)
• Does It Pay Out Due To Accident: Yes
• Are The Proceeds Taxable: No
• Who Receives The Money: Anyone you want (family member, funeral home, friend, etc)
• Can You Have More Than 1 Beneficiary: Yes (You can have as many as you’d like)
• Restrictions How Money Is Used: None (The money can be spent on anything)
• Do Health Issues After Policy Approval Cause The Policy To Cancel: No (health issues after approval don’t matter)
• Payout Exclusions In First 2 Years: Suicide or health misrepresentation
• Builds Cash Value: Yes (you can borrow from)
• What If You Move To Another State/Country: Policy is still good & payable (nothing changes)
• State Availability: All states except CT, ME, MT, NH, NY, VT
• Coverage Amount Range: $2,500-$35,000 (varies by age)
• New Applicant Age Range: 50-85 (policy lasts forever once issued)
• Optional Riders: Grandchildren Term | Children Term | Nursing Home Waiver | Accidental Death
• Can Children/Grandchildren Purchase Policy On Parents: Yes (their consent required)
• Time Before Lapse After A Missed Payment: 60 days
• Sample Policy: Click Here
• How To Apply: Through agencies licensed to sell American Amicable products
• Phone Number To Apply: 1-800-644-2926
• Sample Application: Click Here
• Application Approval Time: 8-10 minutes
• Medical Exam Required: No
• Guaranteed Acceptance: No (there are health questions)
• Down Payment/Application Fee: None
• 1st Payment Required At Application: No (you choose when the first payment begins)
• Common Health Issues They Accept: Cigarette Smokers | Pipe Smokers | Cigar Smokers | Afib | Schizophrenia | Bi Polar Disorder | Depression | Blood Thinners | Wheelchair Usage

Click Here To See A Product Brochure

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

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

Age	Female $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

The policy does not end once you turn 85.

It lasts forever once issued. 85 is just the max age for new applicants.

 

 

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11) Baltimore Life

• First Year In Business: 1882
• A.M. Best Rating: B++ (good)
• Better Business Bureau Rating: A+
• Product Name: Silver Guard I
• Policy Type: Whole Life Insurance
• 2 Year Waiting Period: No (subject to underwriting approval)
• Premiums Stay The Same Forever: Yes
• Policy Duration: Forever (never expires)
• What Does The Policy Cover: The net result is a tax free cash payment (every funeral home accepts cash)
• Does It Pay Out Due To Accident: Yes
• Are The Proceeds Taxable: No
• Who Receives The Money: Anyone you want (family member, funeral home, friend, etc)
• Can You Have More Than 1 Beneficiary: Yes (You can have as many as you’d like)
• Restrictions How Money Is Used: None (The money can be spent on anything)
• Do Health Issues After Policy Approval Cause The Policy To Cancel: No (health issues after approval don’t matter)
• Payout Exclusions In First 2 Years: Suicide or health misrepresentation
• Builds Cash Value: Yes (you can borrow from)
• State Availability: All states except MA, MN, MO, NY, NC, SC, WA, WV
• Coverage Amount Range: $2,500-$25,000
• New Applicant Age Range: 50-80 (policy lasts forever once issued)
• Optional Riders: Accidental death (doubles the payout for accidental death)
• Can Children/Grandchildren Purchase Policy On Parents: Yes (their consent required)
• Time Before Lapse After A Missed Payment: 65 days
• Sample Policy: N/A
• How To Apply: Through agencies licensed to sell Baltimore Life products
• Phone Number To Apply: 1-800-644-2926
• Sample Application: Click Here
• Application Approval Time: 15-20 minutes
• Medical Exam Required: No
• Guaranteed Acceptance: No (there are health questions)
• Down Payment/Application Fee: None
• 1st Payment Required At Application: No (you choose when the first payment begins)
• Common Health Issues They Accept: Cancer | Heart Attack | Circulatory Surgery | Heart Surgery | Congestive Heart Failure | Diabetic Coma | Amputation Due To Diabetes | Angina | Stroke | Home Health Care | Insulin Shock | Diabetic Nephropathy
  

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

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

Age	Female $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

The policy does not end once you turn 80.

It lasts forever once issued. 80 is just the max age for new applicants.

 

 

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12) Aetna

• First Year In Business: 1853
• A.M. Best Rating: A (excellent)
• Better Business Bureau Rating: A+
• Product Name: Final Expense Level Benefit
• Policy Type: Whole Life Insurance
• 2 Year Waiting Period: No (subject to underwriting approval)
• Premiums Stay The Same Forever: Yes
• Policy Duration: Forever (never expires)
• What Does The Policy Cover: The net result is a tax free cash payment (every funeral home accepts cash)
• Does It Pay Out Due To Accident: Yes
• Are The Proceeds Taxable: No
• Who Receives The Money: Anyone you want (family member, funeral home, friend, etc)
• Can You Have More Than 1 Beneficiary: Yes (You can have as many as you’d like)
• Restrictions How Money Is Used: None (The money can be spent on anything)
• Do Health Issues After Policy Approval Cause The Policy To Cancel: No (health issues after approval don’t matter)
• Payout Exclusions In First 2 Years: Suicide or health misrepresentation
• Builds Cash Value: Yes (you can borrow from)
• State Availability: All states except AK, CA, CT, HI, MD, ME, DC, NY, VT, & WA
• Coverage Amount Range: $3,00-$35,000 (varies by age)
• New Applicant Age Range: 45-89 (policy lasts forever once issued)
• Optional Riders: None
• Can Children/Grandchildren Purchase Policy On Parents: Yes (their consent required)
• Time Before Lapse After A Missed Payment: 45 days
• Sample Policy: Click Here
• How To Apply: Through agencies licensed to sell Aetna Life products
• Phone Number To Apply: 1-800-644-2926
• Sample Application: Click Here
• Application Approval Time: 3-5 business days
• Medical Exam Required: No
• Guaranteed Acceptance: No (there are health questions)
• Down Payment/Application Fee: None
• 1st Payment Required At Application: No (you choose when the first payment begins)
• Common Health Issues They Accept: Home Health Care | Kidney Disease | Congestive Heart Failure | Cancer | Diabetic Neuropathy | Afib | Schizophrenia | Bi Polar Disorder | Depression | Epilepsy | Seizures | Diabetic Nephropathy | Severely Overweight | Retinopathy | Sleep Apnea | Tumors | Over 85 Life Insurance

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

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

Age	Female $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	$199.17	N/A	N/A
86	$174.17	$220.83	N/A	N/A
87	$186.67	$242.50	N/A	N/A
88	$198.33	$264.17	N/A	N/A
89	$210.83	$285.83	N/A	N/A

The policy does not end once you turn 85.

It lasts forever once issued. 85 is just the max age for new applicants.

 

Sample Rates

Below are some sample rates so you can see the cost of final expense insurance 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 ***

AGE	Female $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

 

Here Are Some Sample Applications & Policies

Want to see what the application looks like? What health questions they ask (if any)?

Below are some sample policies and applications from the top 12 final expense companies.

Please note, you cannot complete these applications and send them in all on your own. All but two of these companies require that you deal with an agency (such as Choice Mutual) to apply.

Only Gerber and AIG will allow you to apply directly with them without talking to an agent.

 

Here’s The Story With Waiting Periods

First of all, final expense insurance with no waiting period does exist. In fact, many companies offer it.

For example, of the 12 companies you see on this page, 10 of them offer immediate coverage with no waiting period.

Now, the most important thing you must understand is that in every circumstance you must qualify for a policy that has no waiting period.

To get immediate coverage, you have to apply with a company where you do answer health questions. You don’t have to take an exam, but you will have to answer health questions.

Thankfully, there are many companies available that all have diverse and lenient underwriting, so getting no waiting period coverage is usually possible.

The only way for you to know if immediate coverage is possible is for you to speak with one our agents. Basically, they’ll ask you some questions on your health so they can quickly determine if no waiting period coverage is possible.

Just know there are some situations where you 100% cannot get immediate coverage.

If any of the conditions below apply to the person you’re trying to insure, it will be a modified whole life policy with a two-year waiting period.

• Dialysis
• HIV or AIDS
• Cancer or treatment for cancer within the last 12 months
• Hospice
• Currently in a hospital or nursing facility
• Heart attack within the last 12 months
• Full blown stroke within the last 12 months (mini strokes don’t count)
• Diabetic coma or insulin shock within the last 24 months
• Diabetic amputation within the last 24 months
• Alzheimer’s or dementia
• Terminal illness
• Circulatory surgery within the last 12 months
• Heart surgery within the last 12 months
• Congestive heart failure combined with diabetes

This is not an all inclusive list, but these are the most common ones.

And please don’t assume you can’t get immediate coverage.

If you don’t have any of those conditions, we can probably get you immediate coverage.

Every day we secure coverage for folks with no waiting period when they were convinced it wasn’t possible.

 

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 ★

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 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 ★

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 ★

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 ★

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 ★

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.

For example, if you need final expense coverage for cremation, you’ll only need a few thousand in coverage which is no problem.

Ultimately, you can only buy what you need.

 

★ Lightning Fast Approvals ★

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 ★

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 ★

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.

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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.

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• Colonial Penn Life Insurance
• AARP Final Expense Coverage
• Globe Life Funeral Expense Review
• Lincoln Heritage Final Expense Insurance
• Metlife Final Expenses Insurance
• State Farm Final Expense Insurance
• Kemper Funeral Expense Review
• American Home Life Funeral Insurance
• United Home Life Funeral Expense
• Standard Life And Casualty Funeral Expense Review
• Security National Life Funeral Expense Review
• AIG Burial Life Insurance
• Prosperity Funeral Expense Review
• John Hancock Guaranteed Issue Final Expense
• MassMutual Guaranteed Issue
• Assurity Funeral Expense
• Lumico Funeral Insurance Review
• Angel Care Network
• Physicians Mutual Burial Insurance

 

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.

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.

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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.

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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.

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.

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 😎)

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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.

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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 15 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.