- Most seniors qualify for immediate coverage even if they have very high-risk conditions like COPD, diabetes, and many more.
- Competitive prices that are in line with most other providers.
- Qualification only requires answering health questions (no exam).
- No guaranteed acceptance options.
- Some companies offer moderately lower prices.
- Policy mail times are slower than most other providers.
AM Best’s Financial Strength Rating (FSR) is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. The scores range from A++ to D-.
Moody’s Investors Service rates the creditworthiness of companies. The Moody’s Rating Scale has 21 possible scores ranging from “Aaa” (highest mark) down to “C” (lowest mark).
S&P Global Inc. issues credit ratings on a scale from “AAA” (highest rating) to “D” (lowest rating).
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.
The BBB rating is based on information BBB is able to obtain about the business, including complaints received from the public. BBB seeks and uses information directly from businesses and from public data sources. BBB assigns ratings from A+ (highest) to F (lowest). If a business has been accredited by the BBB, it means BBB has determined that the business meets accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints.
How Does Aetna Final Expense Insurance Work?
Aetna final expense insurance is a simplified issue whole life policy that does not require a medical exam. To qualify, you only have to answer some basic health questions. The coverage lasts forever, the premiums will never increase, and the policy will build cash value.
When you die, Aetna will pay your named beneficiaries a tax-free cash benefit. There are no restrictions on how your loved ones use the money. That means the money can be used to pay off funeral expenses, medical bills, credit cards, or anything else. Also, if money is left over after your final expenses are paid, they get to keep it.
How Much Does Aetna Burial Insurance Cost?
The cost of Aetna final expense insurance is based on your exact age, gender, health history, tobacco habits, state of residence, and the coverage amount. The table below shows some sample burial insurance quotes for their program.
| Age & Gender | $5,000 | $10,000 | $25,000 |
|---|---|---|---|
| Female age 45 | $15 | $26 | $59 |
| Male age 45 | $17 | $30 | $70 |
| Female age 50 | $15 | $27 | $63 |
| Male age 50 | $19 | $34 | $81 |
| Female age 55 | $19 | $34 | $81 |
| Male age 55 | $24 | $44 | $105 |
| Female age 60 | $22 | $41 | $96 |
| Male age 60 | $27 | $51 | $123 |
| Female age 65 | $26 | $48 | $114 |
| Male age 65 | $31 | $58 | $140 |
| Female age 70 | $31 | $58 | $140 |
| Male age 70 | $38 | $73 | $178 |
| Female age 75 | $40 | $76 | $184 |
| Male age 75 | $52 | $101 | $248 |
| Female age 80 | $52 | $101 | $248 |
| Male age 80 | $72 | $140 | $345 |
| Female age 85 | $70 | $137 | $336 |
| Male age 85 | $100 | $196 | $484 |
| Female age 86 | $87 | $171 | $423 |
| Male age 86 | $120 | $236 | $585 |
| Female age 87 | $104 | $205 | $686 |
| Male age 87 | $140 | $277 | $686 |
| Female age 88 | $122 | $241 | $596 |
| Male age 88 | $160 | $317 | $788 |
| Female age 89 | $139 | $275 | $683 |
| Male age 89 | $181 | $358 | $889 |
| Source for monthly prices: Choice Mutual quote calculator. Rates are calculated at a non-tobacco rating, rounded to the nearest dollar, and are valid as of 07/20/2024. | |||
Should You Buy Aetna Final Expense Whole Life Insurance?
Aetna is one of the best companies offering life insurance for seniors over 80 (or 85) because its prices are generally on the lowest end of the spectrum.
Even for younger people, they have a well-priced final expense policy that is worth it if you qualify for their preferred plan, which is generally possible even for applicants with health issues. Yes, some companies, like United of Omaha’s burial insurance, do cost less (but not by much).
The standard plan is essentially only worth buying if you have higher-risk issues such as COPD, multiple sclerosis, or Parkinson’s disease.
In all circumstances, the modified plan isn’t worth buying due to its high cost and waiting period.
Frequently Asked Questions
In partnership with CVS Health, Aetna created a final expense insurance policy underwritten by Accendo Life Insurance Company, a wholly-owned subsidiary of Aetna Inc.
Accendo Insurance Company’s final expense coverage is a no-exam whole life policy meant to pay for funeral costs. It’s ideal for seniors who only need a small amount of coverage to pay for end-of-life expenses. Accendo is a subsidiary of Aetna, and both are owned by CVS Health.
Aetna funeral insurance is a no medical exam whole life policy that provides a quick cash payout to your loved ones to cover all your final expenses. When you die, Aetna will give your loved ones a tax-free check for however much coverage you bought. Any money they don’t use for your funeral is theirs to keep.
- Nationally licensed life insurance agent with over 15 years of experience
- Personal annual production that puts him in the top .001% out of all life insurance agents in the nation.
Anthony Martin is a nationally licensed insurance expert with over 15 years of experience and has personally served over 10,000 clients with their life insurance needs. He frequently authors entrepreneurial and life insurance content for Forbes, Inc.com, Newsweek, Kiplinger, and Entreprenuer.com. Anthony has been consulted as an expert life insurance source for dozens of high-profile websites such as Forbes, Bankrate, Reuters, Fox Business, CNBC, Investopedia, Insurance.com, Yahoo Finance, and many more.
- Nationally licensed life insurance agent with over 19 years of experience
- Best selling Amazon author.
Jeff Root is a nationally licensed life insurance expert with over 19 years of experience. He has personally helped over 3000 clients with their life insurance needs. Jeff is a best-selling Amazon author and the managing partner of a highly successful insurance brokerage that manages over 2,500 licensed insurance agents across the USA. He has been a featured life insurance source for prestigious websites such as Forbes, Bloomberg, MarketWatch, Nerdwallet, and many more.
- Nationally licensed life insurance agent with over 14 years of experience
- Best selling Amazon author of five insurance sales books.
David Duford is a nationally licensed insurance expert with over 14 years of experience. He has personally helped more than 15,000 clients buy life insurance. David has been featured as an expert source for highly authoritative publications such as A.M. Best and Insurancenewsnet. He also runs one of the largest Youtube channels to help aspiring insurance agents serve their clients better.
- Nationally licensed life insurance agent with over 19 years of experience
- Best selling Amazon author.
Jeff Root is a nationally licensed life insurance expert with over 19 years of experience. He has personally helped over 3000 clients with their life insurance needs. Jeff is a best-selling Amazon author and the managing partner of a highly successful insurance brokerage that manages over 2,500 licensed insurance agents across the USA. He has been a featured life insurance source for prestigious websites such as Forbes, Bloomberg, MarketWatch, Nerdwallet, and many more.
- Nationally licensed life insurance agent with over 14 years of experience
- Best selling Amazon author of five insurance sales books.
David Duford is a nationally licensed insurance expert with over 14 years of experience. He has personally helped more than 15,000 clients buy life insurance. David has been featured as an expert source for highly authoritative publications such as A.M. Best and Insurancenewsnet. He also runs one of the largest Youtube channels to help aspiring insurance agents serve their clients better.
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 provide accurate information. You can learn more about our editorial standards, which guide our mission of delivering factual and impartial content.
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owned by CVS Health. https://www.cnbc.com/2018/11/28/cvs-creates-new-health-care-giant-as-69-billion-aetna-merger-closes.html
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A.M. Best. https://news.ambest.com/pr/PressContent.aspx?altsrc=2&refnum=34492
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S&P Global. https://www.fitchratings.com/research/structured-finance/fitch-affirms-withdraws-aetna-ratings-21-09-2022
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BBB. https://www.bbb.org/us/ct/hartford/profile/insurance-companies/aetna-inc-0111-71
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Trustpilot. https://www.trustpilot.com/review/www.aetna.com
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Google. https://www.google.com/search?client=firefox-b-1-d&sca_esv=a835f771045fe61e&sca_upv=1&cs=0&output=search&q=Aetna&ludocid=12768792497492780119&lsig=AB86z5XiWP9fUyJdNgvGlhB7wfaC&kgs=2d2b6e0b4a02980f&shndl=-1&shem=lsde,lsp,vslce&source=sh/x/loc/act/m1/1#lrd=0x89c41601d3bbe7ad:0xb133dd1fdfbae457,1,,,,
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Yelp. https://www.yelp.com/biz/aetna-hartford-3
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NAIC Complaint Index. https://content.naic.org/cis_refined_results.htm?TABLEAU=CIS_COMPLAINTS&Cocode=63444&REALM=PROD&Cocode=63444&REALM=PROD
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BBB Score & Accreditation. https://www.bbb.org/us/ct/hartford/profile/insurance-companies/aetna-inc-0111-71
