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.
| 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 |
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
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.
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) |
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2) Aetna
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.
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) |
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3) Aflac
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.
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) |
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4) Transamerica
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.
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 |
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5) Royal Neighbors of America
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.
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 |
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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.
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.
Choice Mutual often cites third-party websites to provide context and verification for specific claims made in our work. We only link to authoritative websites that are known to provide accurate information. You can learn more about our editorial standards, which guides our mission of delivering factual and impartial content.
