- There are no medical exams, and prices are fair relative to other companies.
- Applications are typically approved in less than five minutes.
- Seniors with serious illnesses such as COPD, Afib, and diabetes are still eligible for immediate coverage.
- You must verbally speak with a licensed agent to purchase a policy.
- Some companies, such as Mutual of Omaha Living Promise, have lower prices.
- There are no multi-policy discounts if you have other Aflac insurance products.
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.
With an A+ rating with A.M. Best, they are a financially sound company that can reliably pay their claims when called upon.
How Does Aflac Final Expense Insurance Work?
Aflac burial insurance is a no-medical exam whole life policy that quickly pays a tax-free cash benefit to cover all your final expenses like funeral costs, medical bills, financial debts, or anything else. Also, your beneficiaries get to keep any leftover money.
While there is no exam, you do have to answer health questions to qualify. Additionally, Aflac will electronically review your medication history, giving them a clear picture of your health history. There is no waiting period if you’re approved for the preferred or standard benefit.
It’s a whole life policy, which means the coverage lasts your entire life, the price won’t increase, and the death benefit won’t decrease.
How Much Does Aflac Burial Insurance Cost?
Below is a whole life rate table outlining the cost of Aflac’s final expense insurance. Keep in mind that the exact cost of a burial policy will depend on your precise age, gender, state of residence, tobacco habits, health, and coverage amount.
| Age & Gender | $5,000 | $10,000 | $25,000 |
|---|---|---|---|
| Female age 45 | $15 | $25 | $57 |
| Male age 45 | $17 | $30 | $68 |
| Female age 50 | $16 | $27 | $61 |
| Male age 50 | $19 | $34 | $77 |
| Female age 55 | $17 | $29 | $67 |
| Male age 55 | $21 | $38 | $89 |
| Female age 60 | $19 | $35 | $80 |
| Male age 60 | $25 | $45 | $107 |
| Female age 65 | $24 | $44 | $104 |
| Male age 65 | $30 | $56 | $133 |
| Female age 70 | $30 | $56 | $134 |
| Male age 70 | $38 | $72 | $174 |
| Female age 75 | $43 | $82 | $199 |
| Male age 75 | $52 | $100 | $244 |
| Female age 80 | $60 | $116 | $284 |
| Male age 80 | $80 | $156 | $384 |
| 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 08/01/2024. | |||
Should You Buy Aflac Final Expense Life Insurance?
Given the competitive premiums and lax underwriting, Aflac burial insurance is one of the top plans in the nation if you qualify for the preferred or standard rating. The modified plan is priced too high and is not worth buying.
Remember, companies that sell burial insurance for seniors compete with one another via the insurance price and underwriting (what health issues they do and don’t accept). So, while Aflac is an excellent option if you qualify, you might be better off with another company, depending on your health issues.
For example, if you have asthma, a Mutual of Omaha final expense policy would be a superior option because it would have a much lower price than Aflac.
That’s why it’s critically important to compare multiple providers before deciding.
Frequently Asked Questions
Aflac funeral insurance is one of the best final expense insurance plans in the nation because the underwriting will approve most applicants for immediate coverage (no waiting period), and the premiums are often lower than most other providers. Other companies such as Mutual of Omaha or Aetna are also great options on par with Aflac.
Aflac final expense life insurance has no waiting period if you qualify for the preferred or standard death benefit. However, if you only qualify for the modified benefit due to a recent severe health issue, there will be a two-year waiting period.
To buy Aflac burial insurance, call 1-800-644-2926 to speak with a licensed agent authorized to sell this particular policy. Aflac does not have an internal sales department, and it cannot be bought online. Aflac’s final expense whole life insurance is exclusively sold through specific licensed agencies.
Aflac funeral insurance quickly pays out a tax-free cash benefit to your beneficiaries, which can be used to cover funeral expenses, medical bills, financial debts, or anything else.
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.
- famous duck. https://www.aflac.com/about-aflac/our-company/the-aflac-duck.aspx
- A.M. Best. https://news.ambest.com/PR/PressContent.aspx?refnum=33600&altsrc=9
- Moody's. https://investors.aflac.com/ratings/default.aspx
- S&P Global. https://investors.aflac.com/ratings/default.aspx
- BBB. https://www.bbb.org/us/ga/columbus/profile/insurance-companies/aflac-0743-101327
- Trustpilot. https://www.trustpilot.com/review/www.aflac.com
- Google. https://www.google.com/search?sca_esv=70a0dbe43b331d7c&q=Aflac&ludocid=7796698309424998947&lsig=AB86z5VO04U9bwePMJxK7ARTYKLl&sa=X&ved=2ahUKEwj4z8L29LWHAxVRAjQIHaIWD1gQoAJ6BAgfEAY&biw=1920&bih=911&dpr=1#lrd=0x8848d05090ff680d:0x6c336fcdc22a6a23,1,,,,
- Facebook. https://www.facebook.com/Aflac/reviews_given
- NAIC Complaint Index. https://content.naic.org/cis_refined_results.htm?TABLEAU=CIS_COMPLAINTS&COCODE=60380&REALM=PROD&COCODE=60380&REALM=PROD
- BBB Score & Accreditation. https://www.bbb.org/us/ga/columbus/profile/insurance-companies/aflac-0743-101327
