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.
Learn how Aflac final expense insurance works, how much it costs, the pros and cons, where it’s available, and how to qualify.
Also, you can see a sample application and if Aflac is the best company for you.
How Does Aflac Final Expense Insurance Work?
Aflac burial insurance is a no-medical exam whole life policy that covers all your final expenses. While there is no exam, you do have to answer health questions to qualify. Additionally, Aflac will electronically review your medication history because that gives them great insight into your overall health history.
When you die, Aflac will pay your loved ones a tax-free cash benefit, which they can use for your burial or other final expenses. Technically, your beneficiaries can spend the money on anything (not just funeral costs). Also, any leftover money is theirs to keep and use as they see fit.
Aflac’s final expense whole life insurance plan has three different health ratings. Your prior health issues determine which one you qualify for (if any).
- Preferred: This is the cheapest plan and has no waiting period for natural causes of death. To qualify for the preferred rating, you must be able to respond with a no answer to all the questions on the application.
- Standard: This plan costs about 20-50% more than the preferred rating and has no waiting period. Aflac will offer the standard rating if you say no to all questions in parts A and B in the application but say yes to at least one question in part C.
- Modified: This is the most expensive plan, costing as much as 90% more than the preferred rating. Since it’s a modified whole life plan, there is a two-year waiting period. If you die in the first years (except for an accident), Aflac will refund 110% of the premiums you’ve paid.
| Coverage Details | Preferred | Standard | Modified |
|---|---|---|---|
| Policy Type | Whole Life Insurance | ||
| Policy Duration | Lifetime | ||
| Fixed Premiums | Yes | ||
| Builds Cash Value | Yes | ||
| State Availability | All states except New York | ||
| New Applicant Age Range | 45-80 | 40-75 | |
| Minimum Coverage Amount | $2,000 | ||
| Maximum Coverage Amount | 40-55: $50k 56-65: $40k 66-75: $30k 76-89: $25k | $25,000 | |
| Free Built In Riders | Terminal illness | ||
| Optional Riders | Accidental Death (2X the payout for accidental death) | ||
| Where to Apply | Agencies licensed to sell Aflac final expense insurance products (you can't buy this plan directly from them & not all Aflac agents can sell this policy) | ||
| Phone Number to Apply | 1-800-644-2926 | ||
| Medical Exam Required | No | ||
| 2-Year Waiting Period | No (subject to underwriting approval) | 2 years | |
| Application Approval Time | 5 Minutes | ||
| Brochure | Aflac Final Expense Brochure | ||
| Sample Application | Aflac Final Expense Application | ||
| Sample Policy | Aflac Final Expense Policy | ||
How Much Does Aflac Burial Insurance Cost?
Aflac burial insurance typically costs $50-$100 monthly for a $10,000 death benefit. The exact cost of a burial policy will be a function of your precise age, gender, state of residence, tobacco habits, health, and coverage amount.
Below is a whole life rate table outlining sample monthly premiums for a $10,000 policy.
| Age | Preferred | Standard | Modified |
|---|---|---|---|
| 45 | F: $25.20 M: $29.55 | F: $33.33 M: $39.55 | F: $49.99 M: $65.99 |
| 50 | F: $26.98 M: $33.50 | F: $35.95 M: $44.44 | F: $52.99 M: $69.99 |
| 55 | F: $29.45 M: $38.26 | F: $38.46 M: $49.94 | F: $54.98 M: $72.99 |
| 60 | F: $34.65 M: $45.16 | F: $43.96 M: $59.16 | F: $56.99 M: $73.98 |
| 65 | F: $43.99 M: $55.81 | F: $57.34 M: $75.79 | F: $74.99 M: $96.99 |
| 70 | F: $55.97 M: $71.98 | F: $75.96 M: $101.98 | F: $98.89 M: $120.00 |
| 75 | F: $81.94 M: $99.94 | F: $107.49 M: $142.50 | F: $137.99 M: $199.99 |
| 80 | F: $115.96 M: $155.95 | F: $172.50 M: $222.21 | N/A |
Aflac Funeral Insurance Pros & Cons
- No medical exam is required (you only have to answer health questions)
- Competitive rates relative to other providers
- Both the preferred and standard benefit plans have no waiting period
- Permanent life insurance and prices are locked in for life
- Seniors 55 and below can buy up to $50,000 in whole life coverage, which is higher than a lot of final expense insurance companies
- Available in the entire USA except for New York
- Applications are typically approved in less than five minutes
- Backed by a financially strong well-known brand
- Seniors with serious illnesses such as COPD, Afib, and diabetes are still eligible for immediate coverage
- No down payment is required when you apply
- You must verbally speak with a licensed agent to purchase a policy (you cannot buy it online)
- Some companies, such as Mutual of Omaha Living Promise, have lower prices
- The modified benefit is far too expensive and not worth considering
- There are no multi-policy discounts if you have other Aflac insurance products
- It’s not guaranteed acceptance, so you must medically qualify based on your pre-existing conditions
- 80 is the maximum age for new applicants
Is Aflac Final Expense Life Insurance Worth Buying?
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.
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 just be better off with another company, depending on your health issues.
For example, if you have Multiple Sclerosis, Foresters Financial or Prosperity Life Group would be a superior option because both would offer a much lower price than Aflac.
That’s why it’s critically important to compare multiple providers side by side. It’s not advisable to choose a company based alone on how well-known they are.
Company Background
Aflac has been in business since 1955 and has an A+ rating with A.M. Best. They are known for their famous duck, which is used in all advertisements.
In addition to final expense whole life insurance, they also offer a host of insurance products, including life, health, and disability.
Below is Aflac’s contact information:
- Website: www.aflac.com
- Phone: 800-992-3522
- Mailing address: Consumer Response and Resolution Department PO Box 5388 Columbus, GA 31906-0388
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. 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 are known to provide accurate information. You can learn more about our editorial standards, which guides our mission of delivering factual and impartial content.
