Kemper Burial Insurance Review

Written on July 7, 2016 by Choice Mutual

If you just want to see quotes or speak with an agent, please fill out the quote form. You can also call us at 1-800-644-2926. After you hit “Get Quotes Now”, you will see a list of actual prices from many different burial insurance companies.

Here at Choice Mutual, our burial insurance reviews are an insider’s look at different final expense insurance plans. Be sure to check our article where we list the 10 best burial insurance companies. Our assessments are thorough and educational. In this Kemper burial insurance review, we will expose their plan, and whether or not it’s right for you.

Kemper Burial Insurance Review

If you are looking for a generic review, this article is probably not what you are looking for. We always give a painstakingly detailed breakdown about the burial insurance plan we are evaluating. Reading one of our reviews will give you in depth knowledge of the plan. In effect, you will know as much as the agents who sell it! We believe this gives you the necessary knowledge to determine whether or not a burial insurance plan is the right fit for you.

 

Our Quick Kemper Burial Insurance Review

Kemper’s guaranteed issue insurance is grossly expensive. Their prices are far higher than their competition. It’s the same product; only it costs way more. Use this company if you want to pay substantially less.

Company Background

Having been in business over 55 years, Kemper is a relatively known insurance company. They presently  sell home, auto, health, and life insurance. The Kemper corporation owns many subsidiaries. Reserve National is their subsidiary that handles their life insurance offering.

Overall, Kemper has over 6 million policyholders, and has over $8 billion in assets. They are currently rated A- (excellent) by A.M. Best. This article will only be discussing their life insurance program. We will not be reviewing, in any way, any of their other lines of insurance.

Kemper Burial Insurance Review

The Full Kemper Review

Below you will find the a complete breakdown of their final expense product. We have taken a hard look at everything possible and given you our corresponding professional take on it all. You simply won’t find a more comprehensive Kemper review anywhere on the internet.

 

Kemper’s “Guaranteed Issue Whole Life Insurance”

Choice Mutual Grade= F

Quick facts about this plan

  • Coverage never expires
  • Monthly premiums cannot increase
  • Benefits cannot decrease
  • Two year waiting period

Kemper only has one life insurance plan. There are no other options with them. This burial insurance is a guaranteed acceptance whole life policy.

Because its whole life, the policy cannot ever expire. It will always be there as long as you faithfully make your monthly payments. The monthly premium cannot increase, and the benefits cannot decrease.

There is no fine print you need to be leery of. This is one of the great aspects of a whole life burial insurance plan. They are incredibly easy to understand.

A guaranteed acceptance plan is fairly straightforward. They will ask you no health questions, or check your medical history in any way. They will approve everyone who applies.

Professional Tip: Most people should NOT get a guaranteed issue burial insurance. We say this because the overwhelming majority of applicants can qualify for a final expense insurance plan that has health questions. This results in lower payments and no waiting period. Please fill out the quote form or give us a call. We will help you determine which burial insurance plan is your best and cheapest option.

You need to know that there is a two year waiting period. This is a standard practice with any company that offers guaranteed issue final expense insurance.

Because they do not qualify you in any way, they must impose this waiting period. They would go bankrupt if they didn’t. There are inevitably a lot of very unhealthy people who take out these guaranteed issue burial insurance plans.

For many folks with certain health conditions, it’s the only way they can secure a new life insurance policy.

 

The waiting period

If you pass away during the two year waiting period, Kemper will refund 120% of your premiums. This is actually a higher return than most companies. Most companies that offer guaranteed issue final expense, only return 110% of premiums.

If you pass away during the first two years due to an accident, Kemper will pay out the death benefit in full.

You must be between 40 and 80 to be eligible for this plan. However, in Missouri, this plan is not available to you if you are 76-80.

 

Face value options

You cannot choose any benefit amount other than what is listed below. You have to choose from the following 9 options:

  • $2,000
  • $3,000
  • $4,000
  • $5,000
  • $7,500
  • $10,000
  • $15,000
  • $20,000
  • $25,000

Kemper offers this plan in all 50 states within the USA. However, they do have very slight pricing variations for certain states. The variances in the prices among the different states is usually less than 50 cents.

 

Is this burial insurance plan by Kemper my best option?

The simple answer is no. Their prices are far higher than most other guaranteed issue burial insurance plans. When it comes to guaranteed acceptance final expense, every policy is virtually identical. The only real difference is what they charge you.

If your health is such that a guaranteed issue plan is best for you, Kemper would be one of the most expensive options. If we have a customer who needs guaranteed issue (which is rare), we put them with Gerber Life. Their rates are substantially lower than Kemper. Look for yourself below.

Kemper Guaranteed Acceptance Burial Insurance- Female

AGE$5,000$10,000$15,000$20,000
50$40.11$75.74$111.39$147.02
55$44.61$84.74$124.88$165.00
60$48.93$93.31$137.69$182.10
65$56.96$109.17$161.37$213.58
70$64.94$124.98$185.04$245.09
75$75.38$145.80$216.22$286.63
80$100.53$196.13$291.75$387.36

Gerber Life Guaranteed Acceptance Burial Insurance- Female

AGE$5,000$10,000$15,000$20,000
50$14.53$28.14$41.75$55.36
55$18.38$35.84$53.30$70.77
60$23.70$46.48$69.25$92.03
65$28.19$55.46$82.73$110.00
70$34.83$68.75$102.67$136.58
75$45.60$90.29$134.98$179.67
80$76.54$152.17$227.79$303.42

 

You can see why we do not recommend Kemper for guaranteed issue burial insurance. Why pay so much more for the exact same product?

Most people value the dollar greatly. If you, like most people, are on a fixed income, it just makes sense to go with a company that gives you the same thing for a much lower price.

 

What to go with for guaranteed issue

As we said, we always recommend Gerber Life. However, you could go with Mutual of Omaha as well. Both companies charge almost the exact same price for their guaranteed issue final expense insurance.

However, Mutual of Omaha is technically cheaper. They are usually less in price by less than a dollar. Often, it’s usually only cents that separate the two companies.

The reason why we recommend Gerber Life is because with them, you get us! Yes we said it. If you want to get your guaranteed issue burial insurance from Gerber Life, Choice Mutual can sell it to you.

You cannot buy Mutual of Omaha’s product through an agency. You have to buy it directly from them. You will buy from a customer service representative that is licensed to process insurance applications. They can’t offer you any product other than theirs.

This is a big problem in many ways. First of all, if you deal with Mutual of Omaha, they won’t assess your health to determine what your best option is. As we previously stated, most applicants are NOT best served by a guaranteed issue policy. Over 90% of our clients get a policy that HAS health questions.

This means they pay less, and they avoid a mandatory two year waiting period. Mutual of Omaha will simply take your order for their plan, and call it a day. With us, we will assess your overall health. Then, we will take a look at the all the burial insurance plans by all the top companies. Our goal is to see if any of them would accept you and your health conditions. More often than not, we do find one.

This is the amazing benefit of working with an independent agency like Choice Mutual. We can freely represent and choose from any company we want. This is what enables us to always find you (and everyone else) the best final expense plan possible. We could care less what company provides your burial insurance. All we care about is doing right by YOU.

 

The value of an independent agency

Let’s just imagine for a moment that you do need a guaranteed acceptance plan. We are still worth the extra few cents it would cost you by allowing us to put you with Gerber Life. You will have an established relationship with a professional service oriented company that can always serve you, your friends, and your family for all their burial insurance needs.

Many people find themselves adding coverage at some point. If you add coverage down the line, we can make sure you get the best plan at that time. We will take a brand new look at your overall health, and determine which company would be your best option. We would not simply default to whatever company you began with.

Many people who need guaranteed issue do so because of a recent health event. As time goes on, they often become eligible for burial insurance plans that do have health questions. This happens more often than you might think.

Bottom line, we will always be a trustworthy source you can always tap into for your current and future burial insurance needs. Our customers have realized this value, and we feel you would too.

 

Under what circumstances should someone go with guaranteed issue?

If you are considering guaranteed issue (from anyone), this is the question you really an answer to. Unfortunately, there really is no hard and fast rule to follow. However, we can give an answer that applies to almost all situations.

In general, you should go with a guaranteed issue final expense plan when you cannot get another one that has health questions. Again this is not a hard rule. There are circumstances where this statement would not be true. There are just too many variables involved to spell it all out.

However,  most of the time you will get a better deal if you can qualify for a burial insurance plan that has health questions.

Quick Tip: Please do not come to the conclusion that you should or shouldn’t go with a guaranteed issue plan on your own. Please allow us to work with you. We promise to guide you properly and get you the best deal. If guaranteed issue is right for you, we will let you know. You can count on us to treat you as if you were family. Please fill out the quote form or give us a call. We are here to help.

don’t lose the forest for the trees

Sadly, many people get hung up on the relative ease associated with applying for a guaranteed issue plan. Because there are no health questions or medical checks, they really just need your contact and payment info to issue the policy.

Sure it’s a faster application process, but it comes a heavy price. For starters, there is the mandatory two year waiting period. If you could avoid a waiting period, wouldn’t you want to?

The second drawback is the higher monthly premium. Guaranteed issue always costs more because they are taking on many very high risk people. It’s just the nature of insurance. The higher the risk, the higher the cost. Have you ever seen life insurance rates for race car drivers? It’s incredibly expensive.

Kemper Burial Insurance Review

Kemper Summary

In case we have yet to make it clear, you should not buy this plan by Kemper. The same thing is available much cheaper elsewhere. Like we said, Gerber Life is who we recommend. We can absolutely assist you with Gerber.

Alternatively, you could go with Mutual of Omaha. Albeit, you would forfeit the value of having an independent agency go to work for you. Regardless of who you go with, pretty much anyone but Kemper will result in you paying a lot less for your guaranteed issue burial insurance.

Lastly, we simply cannot state this enough. Please do not assume that you should go with a guaranteed acceptance final expense plan. After all, you simply do not know what you do not know.

Our vast experience has consistently shown that the huge majority of applicants get a better deal by NOT going with a guaranteed issue burial insurance plan.

Given these points, please allow us to the opportunity to help you. Unequivocally, we will determine if guaranteed issue is truly your best option. If it is, Gerber Life is the company we would put you with.

If we determine guaranteed issue is NOT your best option, we will shop all the top final expense companies for you. We will find you which one will qualify you, and give you the best rate.

This is all we do here at Choice Mutual. We are experts in this field. Hopefully you will allow us to prove this to you. You will be glad you did.

About ChoiceMutual.com
About ChoiceMutual.com

Choice Mutual works with all the top burial insurance companies throughout the nation to secure you the best price possible.

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