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2.5/5
Overall Score

Choice Mutual’s ratings are determined by a review formula that weights the following four factors to determine a score between 0 and 5:

Factor Score Value
Price of Coverage
40%
No-Waiting-Period CoverageNo Waiting Period
20%
Financial Strength
20%
NAIC Complaint Index
20%
Overall Maximum
100%

Our ratings are tested with scoring model 1.1, a review formula that ensures consistency and accuracy in our assessments.

Rating methodology
Score Breakdown
Price of Coverage
Price of Coverage
40% of overall score

Using this quote calculator, we compare the price of the insurer’s coverage to competitors with equivalent products. The score they receive is based on how close their price is to those three least expensive providers:

  • 5
    0-5% more expensive
  • 4
    6-10% more expensive
  • 3
    11-20% more expensive
  • 2
    21-30% more expensive
  • 1
    ≥ 40% more expensive
Price audit
2.0
No-Waiting-Period CoverageNo Waiting Period
No-Waiting-Period Coverage
20% of overall score

This scoring factor assesses whether an insurer offers coverage with no waiting period and, if so, how difficult it is to qualify for it. If an insurer does not provide coverage with no waiting period, it gets an automatic 1. A score from 2 to 5 indicates that immediate coverage is possible, and the higher the rating, the easier it is for the average applicant to qualify for it.

  • 5
    Most applicants qualify
  • 4
    Fairly easy qualification
  • 3
    Somewhat difficult qualification
  • 2
    Very difficult qualification
  • 1
    No-waiting-period coverage unavailableNo-waiting-period unavailable
1.0
Financial Strength
Financial Strength
20% of overall score

Our financial strength scores are based on A.M. Best’s Financial Strength Ratings (FSR), which measure an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. The scores they receive are based on the following scale:

  • 5
    Superior (A+ or A++)
  • 4
    Excellent (A- to A)
  • 3
    Fair/Good (B- to B++)
  • 2
    Weak/Marginal (C- to C++)
  • 1
    Poor (D or Not Rated)
5.0
NAIC Complaint IndexNAIC Complaints
NAIC Complaint Index
20% of overall score

The NAIC (National Association of Insurance Commissioners) complaint index measures how frequently an insurer obtains consumer complaints relative to a median score across all insurers. Our scoring model is based on an insurer’s NAIC complaint index for the most recently available year and for ‘Individual Life’ products:

  • 5
    0.0 - 1.0 (avg or below avg complaints)
  • 4
    1.01 - 1.5 (slightly above avg complaints)
  • 3
    1.51 - 2.0 (up to 2x avg complaints)
  • 2
    2.01 - 3.0 (up to 3x avg complaints)
  • 1
    ≥ 3.01 (more than 3x avg complaints)
5.0
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Pros

  • Acceptance is guaranteed (no health questions or exams).
  • Coverage lasts forever.
  • Underwritten by an exceptionally strong insurance company.

Cons

  • Two-year waiting period before you’re covered for nonaccidental death.
  • You can get lower prices elsewhere by answering health questions.
  • $25,000 is the most coverage you can buy.

A.M. Best
A+
Superior
Moody's
A1
Stable
S&P Global
A+
Stable

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).

Customer Review Ratings
BBB
1.05/5
81 reviews
Trustpilot
1.5/5
72 reviews
Google
3.9/5
245 reviews
Yelp
1.7/5
51 reviews
Consumer Protection Organization Scores
NAIC Complaint Index
.66
BBB Score & Accreditation
A+
Accredited

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.

Ratings and scores valid as of 10/31/2024.
Policy Type
Whole Life
New Applicant Age Range
45-85 (50-75 in NY)
Death Benefit Options
$2,000-$25,000
States Where Available
All
Builds Cash Value
Yes
Has Health Questions
No
2-Year Waiting Period
Yes
Medical Exam Required
No
Age When Policy Expires
Never
Prices Increase
Never

 

How Does USAA Burial Insurance Work?

USAA final expense insurance is a guaranteed issue whole life policy that does not require you to answer health questions or undergo a medical exam. Because they know nothing about your health, there is a two-year waiting period.

Death during the first two years (except from an accident) will only result in a refund of your premiums plus 10% interest. After two years, then the full life insurance payout will be granted.

It’s important to note that USAA doesn’t underwrite the coverage. Mutual of Omaha is the actual insurance provider. Mutual of Omaha developed a partnership with USAA to promote this product to their customer base.

Don't Forget
Whether you buy through USAA or directly from Mutual of Omaha, it’s the same policy and cost.

When you die, the policy proceeds will be disbursed as a tax-free cash payment to loved ones or a funeral home. The money can be spent with no restrictions. That means your loved ones can use the funds for cremation costs, burial expenses, debts, medical bills, or anything else.

As is the case with all forms of whole life insurance, the policy will last forever, the rate and death benefit remain level, and it will build cash value.

 

How Much Does USAA Final Expense Insurance Cost?

Generally, the typical cost of a USAA burial policy is $28-$193 per month for about $10,000 in coverage. Your exact age calculates the price of final expense insurance, how much coverage you buy, and your gender. Your health and lifestyle do not affect the price.

Below is a table with some sample quotes.

Age & Gender$5,000$10,000$25,000
Female age 45$14$28$68
Male age 45$19$36$90
Female age 50$16$30$75
Male age 50$21$40$99
Female age 55$19$38$92
Male age 55$23$45$112
Female age 60$22$43$105
Male age 60$29$57$141
Female age 65$26$50$124
Male age 65$35$69$170
Female age 70$32$64$158
Male age 70$44$87$215
Female age 75$45$89$220
Male age 75$57$113$282
Female age 80$64$127$316
Male age 80$79$157$391
Female age 85$79$158$393
Male age 85$97$193$480
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 USAA Burial Insurance?

If, by some chance, you want or need a guaranteed acceptance policy, then USAA’s final expense policy is likely your best option. That’s because their cost for a policy without questions is generally the lowest. AAA and Physicians Mutual are the only other companies that offer similar rates for guaranteed acceptance coverage.

However, most people can qualify for life insurance coverage with no waiting period. It’s generally just a matter of identifying which burial insurance company(s) will accept your health issues and approve you for immediate coverage.

Anthony Martin
Anthony Martin
Choice Mutual CEO
    • Author
    • 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.

    Jeff Root
    Jeff Root
    Life Insurance Expert
    • Editor
    • 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.

    David Duford
    David Duford
    Life Insurance Expert
    • Editor
    • 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.

    Jeff Root
    Jeff Root
    Life Insurance Expert
    • Editor
    • 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.

    David Duford
    David Duford
    Life Insurance Expert
    • Editor
    • 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.

    1. this product. https://www.usaa.com/inet/wc/insurance-guaranteed-whole-life
    2. actual insurance provider. https://www.mutualofomaha.com/about/newsroom/article/usaa-life-insurance-company-introduces-guaranteed-issue-whole-life-insurance-from-mutual-of-omaha
    3. directly from Mutual of Omaha. https://www.mutualofomaha.com/promo/life-insurance/457026#quote
    4. A.M. Best. https://news.ambest.com/newscontent.aspx?refnum=248191&altsrc=23
    5. Moody's. https://www.mutualofomaha.com/about/financial-strength/ratings
    6. S&P Global. https://www.mutualofomaha.com/about/financial-strength/ratings
    7. BBB. https://www.bbb.org/us/ne/omaha/profile/insurance-companies/mutual-of-omaha-0714-104000434
    8. Trustpilot. https://www.trustpilot.com/review/mutualofomaha.com
    9. Google. https://www.google.com/maps/place/United+of+Omaha+Life+Insurance+Co./@41.2919772,-96.3930632,11z/data=!4m10!1m2!2m1!1sMutual+of+Omaha!3m6!1s0x87938faddb631741:0x1c63fb3068a9098d!8m2!3d41.2585725!4d-95.9622597!15sCg9NdXR1YWwgb2YgT21haGEiA4gBAZIBEGluc3VyYW5jZV9hZ2VuY3ngAQA!16s%2Fg%2F1hc7zdp8w?entry=ttu
    10. Facebook. https://www.facebook.com/mutualofomaha
    11. NAIC Complaint Index. https://content.naic.org/cis_refined_results.htm?TABLEAU=CIS_COMPLAINTS&COCODE=69868&REALM=PROD&COCODE=69868&REALM=PROD
    12. BBB Score & Accreditation. https://www.bbb.org/us/ne/omaha/profile/insurance-companies/mutual-of-omaha-0714-104000434