A $25,000 whole life insurance policy is more than enough to cover final expenses and leave money behind for your family.
Learn how these plans work, the cost, qualification options, and tips for finding the best price.
How Does A $25,000 Whole Life Insurance Policy Work?
A $25,000 whole life insurance policy is a permanent life plan with a fixed death benefit of $25,000 dollars.
The rates will never increase, the coverage amount won’t decrease in value, and cash value will accrue every time you make a payment.
When you die, the insurance company will pay out the death benefit as cash directly to your beneficiaries.
All life insurance payout money can be used on anything.
That means your loved ones can use the money for funeral costs, medical bills, or other end-of-life expenses.
If they don’t use all the proceeds, they keep what’s left over.
Cost Estimates For $25,000 Of Whole Life Coverage
In the whole life insurance rate chart by age, you can see monthly cost estimates for a $25,000 burial insurance whole life policy.
Remember that the cost of final expense insurance is a function of your exact age, health, gender, state of residence, and how much coverage you want.
| Age | Female Non Tobacco | Male Non Tobacco | Female Tobacco | Male Tobacco |
|---|---|---|---|---|
| 40-49 | $43 -$54 | $53 -$68 | $53 -$70 | $75 -$90 |
| 50-59 | $55 -$73 | $69 -$99 | $72 -$104 | $90 -$136 |
| 60-69 | $76 -$120 | $103 -$161 | $108 -$171 | $144 -$232 |
| 70-79 | $126 -$228 | $169 -$319 | $176 -$303 | $241 -$424 |
| 80-85 | $241 -$324 | $330 -$463 | $313 -$476 | $450 -$639 |
| 86-89 | $423 -$682 | $585 -$888 | $636 -$953 | $979 -$1425 |
How To Qualify For A $25,000 Whole Life Insurance Plan
It’s a straightforward approach, whether you are shopping for a $50,000 whole life insurance plan or one for $25,0000.
Whether you’re buying life insurance for a minor or an adult, the process is essentially the same.
Simplified issue
A simplified issue life insurance policy is one where you qualify only by answering questions about your health.
You do not have to take a medical exam.
In addition to the health questions, the insurance company will electronically analyze your medication history (that tells them a lot about your overall health).
One of the many benefits of simplified issue underwriting is the fast processing time.
Generally, simplified issue products will render an approval or decline in as little as 10 mins up to a few business days.
All final expense insurance policies have this kind of fast underwriting.
If approved for a simplified issue policy, it will fully cover you immediately with no waiting period.
Guaranteed acceptance
Commonly seen on TV and in the mail (Example: Colonial Penn), these plans have no health questions or underwriting of any sort.
With this type of policy, there are no health questions to answer or a medical exam that you must endure.
While guaranteed approval sounds impressive, there are serious drawbacks to consider.
First, all policies without health questions have a two-three year waiting period.
Death during the waiting period will result only in a refund of the premiums you’ve made. The insurance company will not pay out the full death benefit.
Second, they cost a lot more. It is very risky to insure someone’s life without knowing anything about their health. For that reason, the insurer must charge higher prices to compensate for the increased risk.
Guaranteed issue life insurance is not ideal for most people looking for life insurance.
Generally, they are only advisable for people with “uninsurable” conditions such as Alzheimer’s or renal failure.
Most people can qualify for a senior burial life insurance plan with underwriting (which costs less and has no waiting period).
Tips For Finding The Best Policy
Doing online research is excellent because it gives you an idea of what companies are out there and the approximate cost.
However, that is about as far as you’re going to get all by yourself.
So to get the lowest price possible on a $25,000 whole life final expense policy, you should work with an independent agency representing 10 or more insurance companies.
They can “shop the market” to find which company will give you the best burial insurance policy.
Also, keep in mind that working with an independent agency is free. Their services don’t cost you anything.
The Best $25,000 Whole Life Insurance Companies
There is a good chance that one of these five insurance companies is your best option if you need a $25,000 whole life insurance policy without a medical exam.
To find the best policy, you must compare offers from multiple sources because no single insurance carrier is the best option for everyone.
1 ) Mutual of Omaha
Choice Mutual’s ratings are determined by our editorial team. The scoring formula takes into account consumer experience, financial strength ratings and complaint data.
The Complaint Index compares a company’s performance to other companies in the market. The National Complaint Index is always 1.00. That means a company with a complaint index of 2.00 is twice as high as expected in the market. Reported scores are for the most recently available year and for “Individual Life” products.
Living Promise whole life insurance from Mutual of Omaha is generally the lowest-cost policy for seniors.
They accept many common health issues, such as diabetes and high blood pressure.
| Product Details | Policy Type: Whole Life Insurance |
| New Applicant Age Range: 45-85 | |
| 2-Year Waiting Period: No (subject to underwriting approval) | |
| Coverage Amount Range: $2,000-$50,000 | |
| States Available: All States (except New York) | |
| Product Benefits | Premiums Stay the Same Forever: Yes |
| Builds Cash Value: Yes | |
| Policy Duration: Lifetime | |
| Optional Riders: Accidental Death (2X the payout for accidental death) | |
| Application Details | Where to Apply: Agencies licensed to sell Mutual of Omaha products (you can't buy this plan directly from them) |
| Phone Number to Apply: 1-800-644-2926 | |
| Medical Exam Required: No | |
| Guaranteed Acceptance: No | |
| Application Approval Time: 10 Minutes to 2 Business Days | |
Common health conditions still eligible for no waiting period coverage: Aneurysm Arthritis Asthma Blindness Blood clots > 2 years ago Blood thinners Cancer > 4 years ago Circulatory surgery > 2 years ago Crohn’s disease Depression Diabetes (type 2) Diverticulitis Epilepsy Fibromyalgia Grave’s disease Heart attack > 2 years ago Heart surgery > 2 years ago Hepatitis A or B High blood pressure High cholesterol Scleroderma Seizures Sleep apnea Squamous/basal cell skin cancer Stroke/TIA > 2 years ago Tumors (non-cancerous) |
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2) Aetna
Choice Mutual’s ratings are determined by our editorial team. The scoring formula takes into account consumer experience, financial strength ratings and complaint data.
The Complaint Index compares a company’s performance to other companies in the market. The National Complaint Index is always 1.00. That means a company with a complaint index of 2.00 is twice as high as expected in the market. Reported scores are for the most recently available year and for “Individual Life” products.
Aetna has excellent prices for all ages and accommodates seniors with high-risk health conditions like COPD.
They are the best company to consider if you need life insurance for seniors older than 80.
| Product Details | Policy Type: Whole Life Insurance |
| New Applicant Age Range: 40-89 | |
| 2-Year Waiting Period: No (subject to underwriting approval) | |
| Coverage Amount Range: $2,000-$50,000 (varies by age) |
|
| States Available: All States (except New York) | |
| Product Benefits | Premiums Stay the Same Forever: Yes |
| Builds Cash Value: Yes | |
| Policy Duration: Lifetime | |
| Optional Riders: Accidental Death (2X the payout for accidental death) |
|
| Application Details | Where to Apply: Agencies licensed to sell Aetna products (you can't buy this plan directly from them) |
| Phone Number to Apply: 1-800-644-2926 | |
| Medical Exam Required: No | |
| Guaranteed Acceptance: No | |
| Application Approval Time: 15 Minutes-3 Business Days | |
Common conditions still eligible for no waiting period coverage: Afib Aneurysm (if surgically repaired) Arthritis Asthma Bipolar disorder Blindness Blood clots Blood thinners Cancer > 2 years ago Chronic bronchitis Circulatory surgery > 2 years ago COPD Crohn’s disease Depression Diabetes (type 1 or 2) Diabetic coma > 2 years ago Diverticulitis Epilepsy Fibromyalgia Graves’ disease Heart attack > 1 year ago Heart surgery > 1 year ago Hepatitis > 2 years ago High blood pressure High cholesterol Insulin shock > 2 years ago Lupus Multiple sclerosis Obesity Over 85 life insurance Pacemaker (installed > 1 year ago) Parkinson’s disease Sarcoidosis Schizophrenia Scleroderma Seizures Sleep apnea Squamous/basal cell skin cancer Stroke/TIA > 1 year ago Tumors (noncancerous) |
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3) Transamerica
Choice Mutual’s ratings are determined by our editorial team. The scoring formula takes into account consumer experience, financial strength ratings and complaint data.
The Complaint Index compares a company’s performance to other companies in the market. The National Complaint Index is always 1.00. That means a company with a complaint index of 2.00 is twice as high as expected in the market. Reported scores are for the most recently available year and for “Individual Life” products.
Transamerica offers low-cost whole life insurance for seniors over 70 and 75.
Regardless of your age, they have competitive prices and lenient underwriting.
| Product Details | Policy Type: Whole Life Insurance |
| New Applicant Age Range: 45-85 | |
| 2-Year Waiting Period: No (subject to underwriting approval) | |
| Coverage Amount Range: $1,000-$50,000 (varies by age) | |
| States Available: All States | |
| Product Benefits | Premiums Stay the Same Forever: Yes |
| Builds Cash Value: Yes | |
| Policy Duration: Lifetime | |
| Optional Riders: Accidental Death (2X the payout for accidental death) | |
| Application Details | Where to Apply: Agencies licensed to sell Transamerica products (you can't buy this plan directly from them) |
| Phone Number to Apply: 1-800-644-2926 | |
| Medical Exam Required: No | |
| Guaranteed Acceptance: No | |
| Application Approval Time: 15 Minutes- 5 Business Days | |
Common conditions still eligible for no waiting period coverage: Afib Angina (chest pains) Aneurysm (if surgically repaired) Arthritis Asthma Bipolar disorder Blindness Blood clots Blood thinners Cancer > 4 years ago Chronic bronchitis Circulatory surgery > 1 year ago COPD Crohn’s disease Depression Diabetes (type 2) Diverticulitis Epilepsy Fibromyalgia Grave’s disease Heart attack > 1 year ago Heart surgery > 1 year ago Hepatitis High blood pressure High cholesterol Kidney disease (no dialysis) Lupus Multiple sclerosis Pacemaker (installed > 1 year ago) Parkinson’s disease Schizophrenia Scleroderma Seizures Sleep apnea Squamous/basal cell skin cancer Stroke/TIA > 1 year ago Tumors |
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4) Royal Neighbors of America
Choice Mutual’s ratings are determined by our editorial team. The scoring formula takes into account consumer experience, financial strength ratings and complaint data.
The Complaint Index compares a company’s performance to other companies in the market. The National Complaint Index is always 1.00. That means a company with a complaint index of 2.00 is twice as high as expected in the market. Reported scores are for the most recently available year and for “Individual Life” products.
Royal Neighbors was actually the first life insurance company to insure women in children in the USA.
They are a great company with an interesting history. Their insurance is well-priced and built to accept most applicants despite prior health issues.
| Product Details | Policy Type: Whole Life Insurance |
| New Applicant Age Range: 50-80 | |
| 2-Year Waiting Period: No (subject to underwriting approval) | |
| Coverage Amount Range: $7,000-$30,000 | |
| States Available: All States (except AK, AL, HI, LA, MA, NH, NY) |
|
| Product Benefits | Premiums Stay the Same Forever: Yes |
| Builds Cash Value: Yes | |
| Policy Duration: Lifetime | |
| Optional Riders: None | |
| Application Details | Where to Apply: Agencies licensed to sell Royal Neighbors products (you can't buy this plan directly from them) |
| Phone Number to Apply: 1-800-644-2926 | |
| Medical Exam Required: No | |
| Guaranteed Acceptance: No | |
| Application Approval Time: 10 Minutes | |
Common conditions still eligible for no waiting period coverage: Afib Aneurysm Arthritis Asthma Bipolar disorder Blindness Blood clots Blood thinners Cancer > 2 years ago Circulatory surgery > 2 years ago Crohn’s disease Depression Diabetes (type 1 or 2) Diabetic neuropathy Diverticulitis Fibromyalgia Grave’s disease Heart attack > 2 years ago Heart surgery > 2 years ago Hepatitis > 2 years ago High blood pressure High cholesterol Home health care Multiple instances of cancer Pacemaker (installed > 2 years ago) Retinopathy Schizophrenia Scleroderma Severely overweight Sleep apnea Tia mini-strokes Tumors |
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5) Foresters Financial
Choice Mutual’s ratings are determined by our editorial team. The scoring formula takes into account consumer experience, financial strength ratings and complaint data.
The Complaint Index compares a company’s performance to other companies in the market. The National Complaint Index is always 1.00. That means a company with a complaint index of 2.00 is twice as high as expected in the market. Reported scores are for the most recently available year and for “Individual Life” products.
Foresters Financial is another company that will approve applicants who have a complicated health history.
From a cost perspective, they are fair, especially for people with diabetes or seizure conditions.
| Product Details | Policy Type: Whole Life Insurance |
| New Applicant Age Range: 50-85 | |
| 2-Year Waiting Period: No (subject to underwriting approval) | |
| Coverage Amount Range: $5,000-$35,000 (varies by age) |
|
| States Available: All States (except New York) | |
| Product Benefits | Premiums Stay the Same Forever: Yes |
| Builds Cash Value: Yes | |
| Policy Duration: Lifetime | |
| Optional Riders: Accidental Death (2X the payout for accidental death) |
|
| Application Details | Where to Apply: Agencies licensed to sell Foresters Financial products (you can't buy this plan directly from them) |
| Phone Number to Apply: 1-800-644-2926 | |
| Medical Exam Required: No | |
| Guaranteed Acceptance: No | |
| Application Approval Time: 10 Minutes | |
Common conditions still eligible for no waiting period coverage: Afib Aneurysm Arthritis Asthma Bipolar disorder Blindness Blood clots Blood thinners Cancer > 3 years ago Chronic bronchitis Circulatory surgery > 1 year ago Cirrhosis COPD Crohn’s disease Depression Diabetes (type 1 or 2) Diverticulitis Epilepsy Fibromyalgia Grave’s disease Heart attack > 1 year ago Heart surgery > 1 year ago Hepatitis High blood pressure High cholesterol Insulin shock > 2 years ago Kidney disease (no dialysis) Lupus Multiple sclerosis Pacemaker (installed > 1 year ago) Parkinson’s disease Schizophrenia Scleroderma Seizures Sickle cell anemia Sleep apnea Squamous/basal cell skin cancer Stroke/TIA > 1 year ago Tumors |
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How Choice Mutual Can Help
Whether you need $10,000 in whole life insurance, $25,000, or any other amount, we at Choice Mutual can help you find the lowest price on the market.
We’re an independent agency that represents nearly 20 different insurance companies.
We’ll objectively compare each company to determine which will approve you for the best price.
Our services don’t cost you anything, and there are no hidden fees.
Check out what previous Choice Mutual customers said about working with us.
Call us at 1-800-644-2926, and one of our agents will answer all your questions and help you find the best policy.
