In this article, you’ll learn how much a $25,000 whole life policy costs, how to qualify, how whole life insurance works, and the best companies to consider.

How Much Does A $25,000 Whole Life Policy Cost?

The average cost of a $25,000 whole life insurance policy is $50-$250 monthly, depending on your age, gender, health and if you use tobacco products.

The whole life insurance rate chart by age has monthly cost estimates for various ages.

AgeFemale
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

 

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 with no medical exam.

It’s important to compare offers from multiple sources because no single insurance provider can be the best option for everyone.

 

1 ) Mutual of Omaha

Founding Year: 1909
A+
Superior
BBB
A+
Accredited
Choice Mutual Rating
5.0

Choice Mutual’s ratings are determined by our editorial team. The scoring formula considers consumer experience, policy cost, underwriting criteria, the insurer’s 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.

Brochure Sample Policy Sample Application

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.

Learn more: Mutual of Omaha life insurance rate chart

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
Accelerated Death Benefit: This free rider is automatically included. You can access the full death benefit while alive if the insured has a terminal illness or is under nursing home confinement.
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)

 

2) Aetna

Founding Year: 1853
A
Excellent
BBB
A+
Not Accredited
Choice Mutual Rating
4.5

Choice Mutual’s ratings are determined by our editorial team. The scoring formula considers consumer experience, policy cost, underwriting criteria, the insurer’s 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.

Brochure Sample Policy Sample Application

Aetna Life Insurance Company has excellent prices for all ages and accommodates seniors with high-risk health conditions like COPD.

They are likely the best company to consider if you need life insurance for a senior 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
Accelerated Death Benefit: This free rider is automatically included. You can access the full death benefit while alive if the insured has a terminal illness that is expected to cause death within 12 months.
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)

 

3) Aflac

Founding Year: 1955
A+
Excellent
BBB
B
Accredited
Choice Mutual Rating
4.5

Choice Mutual’s ratings are determined by our editorial team. The scoring formula considers consumer experience, policy cost, underwriting criteria, the insurer’s 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.

Brochure Sample Policy Sample Application

Aflac final expense whole life insurance is very well priced, especially for seniors over 50. They accept a wide variety of health issues, so most applicants qualify for coverage with no waiting period.

Product
Details
Policy Type: Whole Life Insurance
New Applicant Age Range: 45-80
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
Accelerated Death Benefit: This free rider is automatically included. You can access the full death benefit while alive if the insured has a terminal illness that is expected to cause death within 12 months.
Optional Riders: Accidental Death
(2X the payout for accidental death)
Application
Details
Where to Apply: Agencies licensed to sell Aflac 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)

 

4) Transamerica

Founding Year: 1904
A
Excellent
BBB
B
Not Accredited
Choice Mutual Rating
4.0

Choice Mutual’s ratings are determined by our editorial team. The scoring formula considers consumer experience, policy cost, underwriting criteria, the insurer’s 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.

Brochure Sample Policy Sample Application

Transamerica offers low-cost whole life insurance for seniors over 70 and 75. Regardless of your age, they have competitive prices and favorable underwriting, which leads to most seniors being approved.

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
Accelerated Death Benefit: This free rider is automatically included. You can access the full death benefit while alive if the insured has a terminal illness that is expected to cause death within 12 months.
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
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

 

5) Royal Neighbors of America

Founding Year: 1895
A
Excellent
BBB
A+
Accredited
Choice Mutual Rating
4.0

Choice Mutual’s ratings are determined by our editorial team. The scoring formula considers consumer experience, policy cost, underwriting criteria, the insurer’s 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.

Brochure Sample Policy Sample Application

Believe it or not, Royal Neighbors was the first life insurance company to insure women and children in the USA.

They are a great company with an interesting history dating back to 1895. Their whole life insurance is competitively priced and built to accept most applicants despite high-risk health issues.

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-$40,000
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
Arthritis
Asthma
Bipolar disorder
Blindness
Blood clots
Blood thinners
Cancer > 5 years ago
Circulatory surgery > 2 years ago
COPD
Crohn’s disease
Depression
Diabetes (type 1 or 2)
Diverticulitis
Emphysema
Fibromyalgia
Grave’s disease
Heart attack > 2 years ago
Heart surgery > 2 years ago
Hepatitis B or C
High blood pressure
High cholesterol
Multiple Sclerosis
Pacemaker (installed > 2 years ago)
Parkinson's
Schizophrenia
Scleroderma
Severely overweight
Sleep apnea
Tumors

 

How Does Whole Life Insurance Work?

Whole life insurance is a type of permanent policy with solid guarantees that nothing will ever change.

The rates will never increase, the death benefit won’t decrease, and cash value will accrue every time you make a payment.

Tip:
Most of the $25,000 whole life products will be “burial insurance plans”, a marketing expression that describes a small whole life policy with lenient underwriting so that seniors with pre-existing conditions can still obtain a new policy.

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 for 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.

 

Ways To Qualify For A $25,000 Whole Life Insurance Plan

Whether you are shopping for a $50,000 whole life insurance policy or one for $25,0000, there are two basic ways to qualify.

 

Simplified issue

A simplified issue whole 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 because 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 minutes or as much as 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-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 death benefit.

Second, these types of plans are very costly. 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, these types of plans are only advisable for people with “uninsurable” conditions such as Alzheimer’s or congestive heart failure.

Most people can qualify for a senior burial life insurance plan with underwriting, which means it will cost less and have 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.

In the end, it’s advisable that you work with an independent broker who can compare multiple companies on your behalf to find you the best price.

Keep in mind that the least expensive life insurance policies are always sold through licensed insurance agents rather than being sold online directly by the insurance company.

To get the lowest price possible for a $25,000 whole life final expense policy, find a reputable independent agency that partners with ten more insurance companies.

Then, let them compare options from multiple providers to find which company will give you the best burial insurance policy.

Working with an independent agency is free, and the insurance won’t cost more because of their services.

 

How Choice Mutual Can Help

Whether you need $10,000 in whole life insurance, $20,000, $25,000, or any other amount, Choice Mutual can help you find the lowest price on a policy.

We’re an independent agency that represents over 20 different insurance companies.

We’ll objectively compare each company to determine which will approve you for the best price for a final expense policy. 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.