10 best burial and final expense insurance companies
for 2022 | Detailed guide 

Eric Greth HS

Written by Eric Greth 

Licensed Agent 

Last updated on  December 7, 2021

Burial or final expense insurance is easy to apply for, affordable, whole life insurance with many guarantees.  Regardless of your age or health these plans are absolutely essential when planning your estate and getting your affairs in order.  

Topics covered in this article

10 best companies for 2022

Types of plans | Level Graded Modified Guaranteed

10 best companies | Detailed Guide with rates

Final expense facts

Should you replace an existing life policy?

What is an accelerated death benefit?

 

Funeral Cost

Types of plans

Plans for any health

Are there any hidden fees?

When should you get a life insurance exam?

Don't be fooled by your Credit Union insurance

 

We've ranked the 10 best burial and final expense companies for 2022

 

Our Ranking

Click company link or scroll to go to details and rates

1)  Aetna

2) Mutual of Omaha

3) Americo

4) Prosperity Life

5) Transamerica

6) Liberty Bankers Life

7) AIG

8) American Amicable

9)  Royal Neighbors of America

10) Gerber Life

Burial insurance is also known as final expense insurance.  It is a unique life insurance policy designed for seniors on a fixed income.  Whether you want a budget service or a modest funeral, these policies are more affordable than most people think.  Policies typically range from $5,000 to $20,000 and have guarantees that most find very important.  For instance, your cost for a policy will NEVER go up and as long as you make your payment, the amount is guaranteed for your entire life no matter what age you pass.  These policies are typically for seniors between the ages of 55 and 85.  It is possible to get a policy as old as 89.  That's right, it's possible to get a policy eleven years before you turn 100!       

Types of Final Expense life insurance and how the cost is determined 
 

Age and Health

The two main factors in determining the cost of final expense insurance are age and health.    As we all age our life expectancy goes down and therefore the cost of life insurance goes up.  One of the best parts of a final expense policy is that the monthly price is based only on the age that you apply for a policy.  Once the policy is in force, the price is guaranteed to never go up regardless of your increasing age or change in health.  

When you apply for final expense life insurance your age and current health will determine the monthly premium (cost) of the coverage.  Most insurance companies use some form of the following system to categorize the risk associated with good and bad health.   These price categories are called "Type" and are explained below.  


      Price category

               Type                                                Health                                       Price

  1. Level Preferred

  2. Level Standard

  3. Graded

  4. Modified

  5. Guaranteed Issue 

             Bonus

   6. Fully Underwritten Life Insurance

Level Preferred

Level preferred is the lowest price category and is reserved for seniors who are in excellent health with some exceptions.  Aetna will issue a level preferred policy up to age 89.   Most final expense life insurance companies require a "No" answer on medical questions to qualify for preferred.  For a sample go here.  However, it is very common to qualify for Level Preferred even with certain medical conditions such as high cholesterol, asthma, and high blood pressure.  If you are in good health but had medical issues in the past it is possible to still qualify for level preferred.  Keep in mind a combination of any medical conditions can result in a different qualification type.  

Level Standard

Level standard is the next best category.  The price for a final expense life insurance policy will be more than a preferred policy but less than a modified, graded, or guaranteed issue policy.   Seniors who are in good but not great health can qualify for level standard.  You can have a few additional medical conditions and depending on severity, time pass diagnosis, and other factors, still qualify for Level Standard.  We have been able to obtain a level standard pricing for clients who have had COPD, Parkinson's, Multiple Sclerosis, Lupus, and many other conditions.     

 

Graded

Graded is the category for seniors with more medical conditions than those with Level Standard.   What surprises so many of our clients is the fair pricing of a graded policy especially when they didn't think they would qualify for any final expense coverage.  For example, having a bypass within 1 year,  certain cancer within the last 4 years,  heart failure, heart attack within the past year, chronic kidney disease stages 4-5, and many other medical conditions.  

 

Modified

A Modified final expense policy is very similar to a graded policy.  Medical conditions that would place you in this category are usually more severe, more recent onset, or a combination of multiple conditions.  These may include recent alcoholism, stroke, aneurysm, cancer, or angina.   Modified policies usually have a two-year waiting period.  This means that if you pass away before the end of the first two years, the insurance company will pay your beneficiary only what you paid into the policy plus a nominal interest rate.  The full life insurance benefit on your death when you have lived past the waiting period.

Guaranteed Issue

Guaranteed issue final expense policies are very simple.  They require no exam, no health questions, and no medical underwriting.  They are guaranteed to be approved.  So what is the catch?  It's the waiting period.  Most of the insurance companies that we use have only a two-year waiting period however there are companies out there that go longer.  All the companies that we work with pay your beneficiary everything that you paid into the policy plus a nominal interest rate if you should pass away within the first two years.  

 

Fully Underwritten Life Insurance

Final expense life insurance is perfect for most people between the age of 55 and 89.   However, you may want to go through the full underwriting process under certain situations.   This insurance is different from final expense life insurance in that it requires medical underwriting and this will involve an exam, medical background check, and more detailed questions.  This is what regular life insurance looks like.       

Consider fully underwritten life insurance if any of the following applies to you. 

  • You need or want more than $50,000.00 in coverage 

               Or have any of the following

  • Low earning assets like savings, CDs, or bonds

  • Tax-deferred annuities

  • Highly appreciated assets

  • Taxes due upon your death

  • A taxable estate

 

Call us for a complimentary review to determine if fully underwritten life insurance is right for you.  

 

Key Takeaways 

Remember, being 89 years old and having a serious medical condition does not disqualify you from obtaining final expense life insurance.   So, regardless of your age or health, call us to find the right company for you.  We will work to find a policy that fits your budget and a company that is the best fit considering any medical condition.  We know these final expense life insurance companies very well.  We shop every day for our clients.  

Excellent Health

Serious Conditions

Lower Cost

Higher Cost

 
 

10 best final expense companies
2022 Detailed Guide

Aetna_logo_sm_rgb_violet.png
cvs-health-logo.png

1) Aetna

Parent company: CVS Health

Type: Public

Traded as: CVS

Aetna was founded:  1853  |  In November 2018 CVS Health completed the acquisition of Aetna 

Underwriters:  Accendo Insurance Company and Continental Life Ins Co (A CVS Company And Aetna Affiliate)

AM Best Rating:  A (Excellent) | AMB#: 069015 |  AM Best link - Aetna Health & Life Group

Final expense type | Name of policy: 

  1. Level Benefits | Final Expense level benefit Preferred 

  2. Level Benefits |  Final Expense level benefit Standard

  3. Graded Benefits  |  Final Expense Modified Whole Life

Application ages:  45 to 89 

Builds cash value:  Yes

Use of date of birth:  Last birthday on effective date of coverage

How to apply:  Licensed life insurance agent  |  Can not buy direct from Aetna

Average time to apply:  11 minutes

Average approval time:  12 minutes to 3 business days

Phone number to apply:  360-970-8221  

Medical exam required:  None

Why is Aetna's final expense insurance the best burial insurance?

Aetna is on the list because they offer very competitive rates, are an A-rated life insurance company, and have excellent customer support.  You can get approved with no waiting period even with high-risk health conditions.  Additionally, you can get a level benefit policy up to age 89.  It is very unusual for a life insurance company to write a final expense, permanent whole life policy for someone over 85.    

The rates below are sorted by three policy types, preferred, standard, and graded.  The type is determined by the health questions found here.   If you can answer no to all of the questions then you would be in the preferred category.  

 

  1. Preferred    

    1. Policy name:  Immediate Benefit Whole Life Preferred  

    2. Full benefit paid immediately 

  2. Standard    

    1. Policy name:  Immediate Benefit Whole Life Standard

    2. Full benefit paid immediately

  3. Graded  

    1. Policy name:  Modified Benefit Whole life

    2. Accidental death - full benefit paid

    3. Non-accidental death -  1st & 2nd year 110% of premiums are paid - In year 3 full benefit

 

Aetna (CVS Health) Burial Insurance Rates
$5,000 | $10,000 | $20,000  
Non-Smoker
Age 55 to 89

Preferred

Aetna / CVS Health Burial Insurance Monthly Rate | The amount will never change & policy will never expire

Age
Female $5,000
Female $10,000
Female $20,000
Age
Male $5,000
Male $10,000
Male $20,000
55
$23.80
$44.10
$84.93
55
$25.99
$48.48
$93.45
56
$24.61
$45.51
$87.51
56
$27.31
$51.11
$98.71
57
$25.21
$46.91
$90.31
57
$28.61
$53.73
$103.95
58
$25.91
$48.31
$93.11
58
$29.93
$56.35
$109.21
59
$26.61
$49.71
$95.91
59
$31.24
$58.98
$114.45
60
$27.30
$51.10
$98.70
60
$32.59
$61.69
$119.88
61
$28.35
$53.21
$102.91
61
$34.34
$65.19
$126.88
62
$29.41
$55.31
$107.11
62
$36.09
$68.69
$133.88
63
$30.45
$57.41
$111.31
63
$37.84
$72.19
$140.88
64
$31.51
$59.51
$115.51
64
$39.59
$75.69
$147.88
65
$32.59
$61.69
$119.88
65
$41.43
$79.36
$155.23
66
$34.08
$64.66
$125.83
66
$43.88
$84.26
$165.09
67
$35.57
$67.64
$131.78
67
$46.33
$89.16
$174.83
68
$37.06
$70.61
$137.73
68
$48.78
$94.06
$184.63
69
$38.54
$73.59
$143.68
69
$51.23
$98.96
$194.43
70
$40.12
$76.74
$149.98
70
$53.77
$104.04
$204.58
71
$42.22
$80.94
$158.38
71
$57.75
$112.00
$220.51
72
$44.32
$85.14
$166.78
72
$61.73
$119.96
$236.43
73
$46.42
$89.34
$175.18
73
$65.71
$127.93
$252.35
74
$48.52
$93.54
$183.58
74
$69.69
$135.89
$268.28
75
$50.71
$97.91
$192.33
75
$73.63
$143.76
$284.03
76
$54.95
$106.41
$209.31
76
$79.54
$155.58
$307.65
77
$59.19
$114.89
$226.28
77
$85.44
$167.39
$331.28
78
$63.44
$123.39
$243.25
78
$91.35
$179.21
$354.91
79
$67.68
$131.86
$260.23
79
$97.26
$191.01
$378.53
80
$71.88
$140.26
$277.03
80
$103.16
$202.83
$402.15
81
$79.84
$156.19
$308.88
81
$114.11
$224.71
$445.91
82
$87.81
$172.11
$340.73
82
$125.04
$246.58
$489.65
83
$95.77
$188.08
$372.58
83
$135.98
$268.45
$533.41
84
$103.73
$203.96
$404.43
84
$146.91
$290.33
$577.15
85
$111.74
$219.98
$436.45
85
$157.85
$312.20
$620.90
86
$132.96
$262.41
$521.33
86
$182.22
$360.94
$718.38
87
$154.18
$304.85
$606.20
87
$206.59
$409.68
$815.85
88
$175.39
$347.29
$691.08
88
$230.96
$458.41
$913.33
89
$196.61
$389.73
$775.95
89
$255.33
$507.15
$1,010.80

Aetna / CVS Health Burial Insurance Monthly Rate | The amount will never change & policy will never expire

Aetna (CVS Health) Burial Insurance Rates
$5,000 | $10,000 | $20,000  
Non-Smoker
Age 55 to 89

Standard

Aetna / CVS Health Burial Insurance Monthly Rate | The amount will never change & policy will never expire

Age
Female $5,000
Female $10,000
Female $20,000
Age
Male $5,000
Male $10,000
Male $20,000
55
$23.80
$44.10
$84.93
55
$25.99
$48.48
$93.45
56
$24.61
$45.51
$87.51
56
$27.31
$51.11
$98.71
57
$25.21
$46.91
$90.31
57
$28.61
$53.73
$103.95
58
$25.91
$48.31
$93.11
58
$29.93
$56.35
$109.21
59
$26.61
$49.71
$95.91
59
$31.24
$58.98
$114.45
60
$27.30
$51.10
$98.70
60
$32.59
$61.69
$119.88
61
$28.35
$53.21
$102.91
61
$34.34
$65.19
$126.88
62
$29.41
$55.31
$107.11
62
$36.09
$68.69
$133.88
63
$30.45
$57.41
$111.31
63
$37.84
$72.19
$140.88
64
$31.51
$59.51
$115.51
64
$39.59
$75.69
$147.88
65
$32.59
$61.69
$119.88
65
$41.43
$79.36
$155.23
66
$34.08
$64.66
$125.83
66
$43.88
$84.26
$165.09
67
$35.57
$67.64
$131.78
67
$46.33
$89.16
$174.83
68
$37.06
$70.61
$137.73
68
$48.78
$94.06
$184.63
69
$38.54
$73.59
$143.68
69
$51.23
$98.96
$194.43
70
$40.12
$76.74
$149.98
70
$53.77
$104.04
$204.58
71
$42.22
$80.94
$158.38
71
$57.75
$112.00
$220.51
72
$44.32
$85.14
$166.78
72
$61.73
$119.96
$236.43
73
$46.42
$89.34
$175.18
73
$65.71
$127.93
$252.35
74
$48.52
$93.54
$183.58
74
$69.69
$135.89
$268.28
75
$50.71
$97.91
$192.33
75
$73.63
$143.76
$284.03
76
$54.95
$106.41
$209.31
76
$79.54
$155.58
$307.65
77
$59.19
$114.89
$226.28
77
$85.44
$167.39
$331.28
78
$63.44
$123.39
$243.25
78
$91.35
$179.21
$354.91
79
$67.68
$131.86
$260.23
79
$97.26
$191.01
$378.53
80
$71.88
$140.26
$277.03
80
$103.16
$202.83
$402.15
81
$79.84
$156.19
$308.88
81
$114.11
$224.71
$445.91
82
$87.81
$172.11
$340.73
82
$125.04
$246.58
$489.65
83
$95.77
$188.08
$372.58
83
$135.98
$268.45
$533.41
84
$103.73
$203.96
$404.43
84
$146.91
$290.33
$577.15
85
$111.74
$219.98
$436.45
85
$157.85
$312.20
$620.90
86
$132.96
$262.41
$521.33
86
$182.22
$360.94
$718.38
87
$154.18
$304.85
$606.20
87
$206.59
$409.68
$815.85
88
$175.39
$347.29
$691.08
88
$230.96
$458.41
$913.33
89
$196.61
$389.73
$775.95
89
$255.33
$507.15
$1,010.80

Aetna / CVS Health Burial Insurance Monthly Rate | The amount will never change & policy will never expire

Aetna (CVS Health) Burial Insurance Rates
$5,000 | $10,000 | $20,000  
Non-Smoker
Age 55 to 75

Graded

Aetna / CVS Health Burial Insurance Monthly Rate | The amount will never change & policy will never expire

Age
Female $5,000
Female $10,000
Female $20,000
Age
Male $5,000
Male $10,000
Male $20,000
55
$26.21
$48.91
$94.33
55
$30.98
$58.45
$113.40
56
$27.31
$51.11
$98.71
56
$32.99
$62.84
$121.45
57
$28.39
$53.29
$103.08
57
$35.00
$66.51
$129.51
58
$29.49
$55.84
$107.45
58
$37.01
$70.53
$137.55
59
$30.58
$57.66
$111.83
59
$39.03
$74.55
$145.61
60
$31.68
$59.85
$116.20
60
$40.99
$78.49
$153.84
61
$32.51
$61.51
$119.53
61
$43.41
$83.31
$163.11
62
$33.34
$63.18
$122.85
62
$45.81
$88.11
$172.73
63
$34.17
$64.84
$126.18
63
$48.21
$92.93
$182.35
64
$35.00
$66.51
$129.51
64
$50.62
$97.74
$191.98
65
$35.74
$67.99
$132.68
65
$52.98
$102.46
$201.43
66
$37.84
$72.19
$140.88
66
$54.99
$106.49
$209.48
67
$39.94
$76.39
$149.28
67
$57.01
$110.51
$217.53
68
$42.04
$80.59
$157.68
68
$59.02
$114.54
$225.85
69
$44.14
$84.79
$166.08
69
$61.03
$118.56
$233.63
70
$46.20
$88.90
$174.30
70
$62.96
$122.41
$241.33
71
$51.76
$100.01
$196.53
71
$69.26
$135.01
$266.53
72
$57.31
$111.13
$218.75
72
$75.56
$147.61
$291.63
73
$62.87
$122.24
$240.98
73
$81.86
$160.21
$316.93
74
$68.43
$133.35
$263.21
74
$88.16
$172.81
$342.13
75
$73.89
$144.29
$285.08
75
$94.37
$185.24
$366.98

Aetna / CVS Health Burial Insurance Monthly Rate | The amount will never change & policy will never expire

2)  Mutual of Omaha 

Type:  Mutual Company

Mutual of Omaha was founded:  1909

AM Best Rating:  A+ (Superior) | AMB#:070203  |  AM Best - Mutual of Omaha

Final expense type | Name of policy:

  1.  Level | Living Promise Level Benefit

  2.  Graded | Living Promise Graded Benefit

Application ages:  50 to 85    |  Policy will never expire

Builds cash value:  Yes

How to apply:  Licensed life insurance agent  

Average time to apply:  15 minutes

Average approval time:  15 minutes

Phone number to apply:  360-970-8221  

Medical exam required:  None

Guaranteed Acceptance:  Yes

Why is Mutual of Omaha final expense insurance is number 2 out of the 10 best burial insurance companies?

Key Benefits

  • Guaranteed coverage  —no medical exam or health questions

  • Benefits are never reduced because of age or health

  • Benefit amounts: $2,000 – $25,000 (in WA, $5,000 - $25,000)

  • Benefits are never reduced because of age or health

  • Affordable rates that never increase

  • Majority of claims paid within 24 hours

MutualofOmaha-min.png

Mutual of Omaha Burial Insurance Rates
$5,000 | $10,000 | $20,000  
Non-Smoker
Level | Graded
Age 55 to 85

Mutual of Omaha Burial Insurance Monthly Rate | The amount will never change & policy will never expire

Age
Female $5,000
Female $10,000
Female $20,000
Type
Male $5,000
Male $10,000
Male $20,000
55
$15.45
$27.71
$52.21
Level
$19.58
$35.95
$68.69
55
$20.66
$38.12
$73.03
Graded
$26.11
$49.02
$94.84
60
$18.04
$32.87
$62.53
Level
$23.48
$43.76
$84.32
60
$24.91
$46.62
$90.03
Graded
$29.66
$56.11
$109.03
65
$22.11
$41.01
$78.82
Level
$29.84
$56.48
$109.75
65
$28.91
$54.62
$106.03
Graded
$35.06
$66.91
$130.62
70
$28.22
$53.24
$103.28
Level
$38.91
$74.61
$146.01
70
$36.71
$70.21
$137.22
Graded
$44.60
$86.00
$168.80
75
$37.81
$72.41
$141.62
Level
$51.59
$99.97
$196.74
75
$49.75
$96.30
$189.39
Graded
$57.10
$110.99
$218.78
80
$50.82
$98.43
$193.66
Level
$71.47
$139.73
$276.26
80
$62.05
$120.89
$238.57
Graded
$74.19
$145.18
$287.15
85
$69.55
$135.90
$268.60
Level
$97.97
$192.74
$382.27

Mutual of Omaha Burial Insurance Monthly Rate | The amount will never change & policy will never expire

 
 

3) Americo

Parent company:  Americo Financial Life and Annuity Insurance Company

Type:  Corporation

Americo was founded:  1946  

AM Best Rating:  A (Excellent) | AMB#: 006233  |  AM Best - Americo Financial 

Final expense type | Name of policy:

  1.  Level Benefits  |  Ultra Protector

  2.  Level Benefits  |  Eagle Premier Level

  3.  Level Benefits  |  Ultra Protector II 

  4. Guaranteed Issue  |  Ultra Protector III 

Application ages:  50 to 70    |  Policy will never expire

Builds cash value:  Yes

How to apply:  Licensed life insurance agent  |  Can not buy direct from Americo

Average time to apply:  15 minutes

Average approval time:  15 minutes

Phone number to apply:  360-970-8221  

Medical exam required:  None

Guaranteed Acceptance:  

Why is Americo final expense insurance the best burial insurance?

Americo is on our list of favorites because they are consistently one of the best rates for burial insurance.  If you have a high-risk condition Americo might be the best company for you.  

One advantage is that Americo has three policies with level benefits.  They are called Ultra Protector l, Eagle Premier Level, and Ultra Protector ll.  Additionally, their Guaranteed Issue policy is the Ultra Protector lll.  

Americo-logo_color-min.png

Americo Burial Insurance Rates
$5,000 | $10,000 | $20,000  
Non-Smoker
Level Benefit | Ultra Protector l
Level Benefit | Eagle Premier 
Level Benefit | Ultra Protector ll
Guaranteed Issue | Ultra Protector lll
Age 55 to 70

Americo Burial Insurance Monthly Rate | The amount will never change & policy will never expire

Age
Female $5,000
Female $10,000
Female $20,000
Policy Name
Male $5,000
Male $10,000
Male $20,000
55
$16.21
$28.61
$53.43
Ultra Protector I
$20.64
$37.48
$71.16
60
$19.75
$35.70
$67.60
Ultra Protector I
$24.62
$45.45
$87.10
65
$24.19
$44.57
$85.35
Ultra Protector I
$30.83
$57.86
$111.93
70
$30.39
$56.97
$110.14
Ultra Protector I
$40.58
$77.36
$150.92
75
$42.35
$80.89
$157.99
Ultra Protector I
$56.27
$108.75
$213.69
80
$62.98
$122.16
$240.52
Ultra Protector I
$79.42
$155.05
$306.30
55
$20.06
$36.32
$68.84
Eagle Premier Level
$24.21
$44.62
$85.44
60
$21.13
$38.46
$73.11
Eagle Premier Level
$26.73
$49.67
$95.53
65
$26.22
$48.65
$93.50
Eagle Premier Level
$33.36
$62.92
$122.04
70
$32.34
$60.88
$117.95
Eagle Premier Level
$43.55
$83.31
$162.81
75
$43.55
$83.31
$162.81
Eagle Premier Level
$58.83
$113.87
$2,223.93
80
$66.46
$129.12
$254.45
Eagle Premier Level
$85.37
$166.93
$330.07
85
$97.25
$190.69
$377.59
Eagle Premier Level
$116.69
$229.59
$455.37
55
$25.18
$46.55
$89.30
Ultra Protector II
$32.44
$61.09
$118.37
60
$25.99
$56.09
$108.38
Ultra Protector II
$41.56
$79.32
$154.83
65
$36.25
$68.69
$133.59
Ultra Protector II
$52.62
$101.43
$199.06
70
$45.96
$88.11
$172.43
Ultra Protector II
$69.21
$134.62
$265.43
75
$63.36
$122.92
$242.04
Ultra Protector II
$90.41
$177.02
$350.25
55
$47.46
$90.92
N/A
Ultra Protector III
$60.62
$117.45
N/A
60
$54.68
$105.55
N/A
Ultra Protector III
$70.16
$136.52
N/A
65
$65.90
$127.99
N/A
Ultra Protector III
$84.79
$165.78
N/A
70
$85.37
$166.94
N/A
Ultra Protector III
$119.07
$234.34
N/A

Americo Burial Insurance Monthly Rate | The amount will never change & policy will never expire

 

4) Prosperity Life

Parent company: Prosperity Life Insurance Group, LLC

Type:  Corporation

Prosperity Life was founded:  1916 as Shenandoah Life Insurance Company    

AM Best Rating:  A- (Excellent) | AMB#: 074562  |  AM Best - Prosperity

Final expense type | Name of policy: 

  1.  Level Benefits | New Vista Level

  2.  Graded Benefits | New Vista Graded

  3. Modified | New Vista Modified

Application ages:  50 to 80    |  Policy will never expire

Builds cash value:  Yes

How to apply:  Licensed life insurance agent  |  Can not buy direct from Prosperity

Average time to apply:  15 minutes

Average approval time:  15 minutes

Phone number to apply:  360-970-8221  

Medical exam required:  None

Guaranteed Acceptance:  No (health questions are required)

Why is Prosperity final expense insurance the best burial insurance?

Key Features:

  • Provides permanent protection

  • Premiums are level for your lifetime

  • Builds tax-deferred cash value

  • Easy application process with no medical exam – answers to the application questions help us determine your eligibility

  • Eligible customers qualify for the LEVEL, GRADED, or MODIFIED Plan depending on health history

prosperity Life-min.png

Prosperity Burial Insurance Rates
$5,000 | $10,000 | $20,000  
Non-Smoker

Level | New Vista Level

 Graded | New Vista Graded

Modified | New Vista Modified

Age 55 to 80

Prosperity Burial Insurance Monthly Rate | The amount will never change & policy will never expire

Age
Female $5,000
Female $10,000
Female $20,000
Type
Male $5,000
Male $10,000
Male $20,000
55
$16.77
$29.93
$56.27
Level
$20.61
$37.62
$71.64
55
$24.24
$44.87
$86.15
Graded
$32.61
$61.61
$119.63
55
$41.48
$79.35
$155.11
Modified
$47.88
$92.16
$180.72
60
$19.74
$35.88
$68.17
Level
$24.69
$45.77
$87.95
60
$27.97
$52.34
$101.09
Graded
$40.29
$76.99
$150.37
60
$49.54
$95.48
$187.96
Modified
$58.78
$113.96
$224.32
65
$24.01
$44.42
$85.25
Level
$30.85
$58.10
$112.59
65
$35.74
$67.89
$132.17
Graded
$49.62
$95.63
$187.67
65
$53.11
$102.62
$201.64
Modified
$64.32
$125.05
$246.49
70
$31.37
$59.13
$114.66
Level
$41.59
$79.58
$155.56
70
$44.82
$86.04
$168.48
Graded
$59.54
$115.49
$227.38
70
$61.33
$119.05
$234.50
Modified
$78.84
$154.07
$304.54
75
$41.90
$80.18
$156.78
Level
$41.59
$79.58
$155.56
75
$63.47
$123.34
$243.07
Graded
$59.54
$115.49
$227.38
75
$70.27
$136.94
$270.29
Modified
$78.84
$154.07
$304.54
80
$50.95
$98.30
$193.00
Level
$75.74
$147.96
$292.32
80
$91.94
$180.27
$356.94
Graded
$118.43
$233.26
$462.92

Prosperity Burial Insurance Monthly Rate | The amount will never change & policy will never expire

5)  Transamerica

Parent company:  Aegon

Type:  Private

Transamerica was founded:  1928

AM Best Rating:  A (Excellent) | AMB#: 007267  |  AM Best - Transamerica

Final expense type | Name of policy:

  1.  Preferred  |  Immediate Solution Preferred

  2.  Standard  |  Immediate Solution Standard

Application ages:  50 to 70    |  Policy will never expire

Builds cash value:  Yes

How to apply:  Licensed life insurance agent  |  Can not buy direct from Transamerica

Average time to apply:  15 minutes

Average approval time:  15 minutes

Phone number to apply:  360-970-8221  

Medical exam required:  None

Guaranteed Acceptance:  No (health questions are required)

Why is Transamerica final expense insurance the best burial insurance?

Key Features

  • Coverage begins immediately when your life insurance policy is issued. No waiting period. • Level death benefit. 

  • Premiums do not increase with age. 

  • The policy will not be canceled as long as you make the premium payments (policies are subject to a two-year contestability period)

  • 10 Pay solutions available

  • No medical exams

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Transamerica Burial Insurance Rates
$5,000 | $10,000 | $20,000  
Non-Smoker
Preferred | Standard
Age 55 to 70

Transamerica Burial Insurance Monthly Rate | The amount will never change & policy will never expire

Age
Female $5,000
Female $10,000
Female $20,000
Type
Male $5,000
Male $10,000
Male $20,000
55
$17.91
$29.19
$54.81
Preferred
$17.91
$29.19
$68.43
55
$21.94
N/A
N/A
Standard
$21.94
N/A
N/A
60
$20.17
$33.72
$63.87
Preferred
$25.22
$43.81
$84.05
60
$25.19
N/A
N/A
Standard
$33.01
N/A
N/A
65
$24.13
$41.62
$79.68
Preferred
$31.58
$56.53
$109.48
65
$30.71
N/A
N/A
Standard
$42.69
N/A
N/A
70
$30.31
$53.99
$104.41
Preferred
N/A
N/A
N/A
70
$39.11
N/A
N/A
Standard
N/A
N/A
N/A

Transamerica Burial Insurance Monthly Rate | The amount will never change & policy will never expire

 
 

6)  Liberty Bankers Life

 

Parent company:  American Benefit Life

Type:  Corporation

Liberty Bankers Life was founded:  1909 

AM Best Rating:  A (excellent) | AMB#: 007011  |  AM Best - Liberty Bankers Life

Final expense type | Name of policy:

  1. Preferred | SIMPL Final Expense Preferred

  2. Standard | SIMPL Final Expense Standard

Application ages:  50 to 80    |  Policy will never expire

Builds cash value:  Yes

How to apply:  Licensed life insurance agent  |  Can not buy direct from Liberty Bankers Life

Average time to apply:  15 minutes

Average approval time:  15 minutes

Phone number to apply:  360-970-8221  

Medical exam required:  None

Guaranteed Acceptance:  No (health questions are required)

Why is Liberty Bankers Life final expense insurance the best burial insurance?

Key features

  • There is a 20% discount the first year if you elect to pay annually

  • Guaranteed Death Benefit: Guaranteed for life not to decrease. Your benefit can be assigned to a funeral home.

  • Guaranteed Premiums: Guaranteed for life and will never increase.

  • Guaranteed Cash Values: Guaranteed cash values that can be borrowed in case of an emergency.

  • Guaranteed Non-Cancellable: Guaranteed your policy cannot be canceled by the company as long as you pay the premiums when due.

  • No Medical Exam Required to Apply

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Liberty Bankers Life Burial Insurance Rates
$5,000 | $10,000 | $20,000  
Non-Smoker
Preferred | Standard | Graded
Age 55 to 80

Liberty Bankers Life Burial Insurance Monthly Rate | The amount will never change & policy will never expire

Age
Female $5,000
Female $10,000
Female $20,000
Type
Male $5,000
Male $10,000
Male $20,000
55
$17.51
$30.40
$56.17
Preferred
$20.71
$36.79
$68.95
55
$20.93
$37.23
$69.84
Standard
$25.96
$47.30
$89.98
55
$24.39
$44.16
$83.69
Graded
$30.14
$55.65
$106.67
60
$19.65
$34.67
$64.71
Preferred
$25.21
$45.80
$86.97
60
$24.18
$43.74
$82.84
Standard
$31.93
$59.24
$113.85
60
$28.65
$52.68
$100.73
Graded
$36.38
$68.13
$131.63
65
$23.72
$42.81
$80.99
Preferred
$30.28
$55.94
$107.26
65
$30.99
$57.35
$110.08
Standard
$42.98
$81.33
$158.03
65
$34.58
$64.54
$124.45
Graded
$46.09
$87.56
$170.50
70
$29.71
$54.79
$104.95
Preferred
$38.97
$73.31
$141.99
70
$39.68
$74.74
$144.86
Standard
$56.04
$107.45
$210.27
70
$46.81
$89.00
$173.38
Graded
$60.47
$116.32
$228.01
75
$40.41
$76.20
$147.78
Preferred
$52.39
$100.15
$195.67
75
$53.36
$102.10
$199.58
Standard
$75.97
$147.32
$290.01
75
$61.43
$118.24
$231.86
Graded
$82.03
$159.43
$314.24
80
$56.89
$109.16
$213.69
Preferred
N/A
N/A
N/A

Liberty Bankers Life Burial Insurance Monthly Rate | The amount will never change & policy will never expire

 

7) AIG | American International Group, Inc.

Type:  Public 

Traded as:  AIG

AIG was founded:  1919  

AM Best Rating:  A (excellent) | AMB#: 002833  | AM Best Link - AIG  

Final expense type | Name of policy:

  1. Guaranteed Issue  | Guaranteed Issue Whole Life

Application ages:  50 to 80  |  Policy will never expire

Builds cash value:  Yes 

How to apply:  Licensed life insurance agent  

Average time to apply:  14 minutes

Average approval time:  5 minutes

Phone number to apply:  360-970-8221  

Medical exam required:  None

Guaranteed acceptance:  Yes

Living benefits:  Yes

Why is AIG final expense insurance the best burial insurance?

AIG only offers guaranteed-issued life insurance that provides $5,000 to $25,000 in coverage for a fixed rate.  It is designed for senior adults ages 50 to 80 and starts as low as $20 per month for a $5,000 policy.  This amount will vary based on issue age, gender, and the amount of coverage.  The rates are guaranteed to NEVER increase.  No medical examination and no health questions are required.  Applicants are guaranteed coverage through automatic qualification.    

We also really like this policy because Living Benefits are included without any extra charge.  This benefit when triggered by a chronic illness will provide you will a return of all premiums paid.  If you are diagnosed with a certified terminal illness or condition that is estimated to result in death within 24 months, the benefit provides 50% of the applicable death allowance.  

Key features

  • Whole Life Insurance specifically for Seniors aged 50-80

  • No Medical Exam

  • No Health Questions

  • Guaranteed Acceptance

  • Living Benefits | No extra charge

AIG-color-logo-min.png

AIG Burial Insurance Rates
$5,000 | $10,000 | $20,000  
Non-Smoker

Guaranteed Issue Whole Life
Age 50 to 80

AIG Burial Insurance Monthly Rate | The amount will never change & policy will never expire

Age
Female $5,000
Female $10,000
Female $20,000
Age
Male $5,000
Male $10,000
Male $20,000
55
$24.31
$46.60
$102.93
55
$31.69
$61.37
$135.19
56
$25.24
$48.48
$107.05
56
$32.58
$63.15
$139.08
57
$25.97
$49.95
$110.29
57
$33.36
$64.73
$142.55
58
$26.72
$51.44
$113.56
58
$34.07
$66.14
$145.58
59
$27.41
$52.83
$116.58
59
$34.55
$67.11
$147.75
60
$27.97
$53.93
$118.96
60
$35.07
$68.14
$149.25
61
$29.61
$57.21
$126.11
61
$37.43
$72.87
$160.29
62
$31.09
$60.18
$132.59
62
$39.82
$77.64
$170.69
63
$32.38
$62.75
$138.23
63
$42.11
$82.19
$180.64
64
$33.36
$64.73
$142.55
64
$44.29
$86.57
$190.17
65
$34.21
$66.42
$146.23
65
$46.42
$90.83
$199.48
66
$35.95
$69.91
$153.79
66
$48.31
$94.61
$207.71
67
$37.39
$72.78
$160.08
67
$49.94
$97.87
$214.84
68
$38.72
$75.44
$165.92
68
$51.47
$100.93
$221.54
69
$40.02
$78.04
$171.55
69
$52.81
$103.63
$227.38
70
$41.21
$80.41
$176.74
70
$54.00
$106.00
$232.61
71
$45.17
$88.35
$194.06
71
$58.86
$115.73
$253.81
72
$48.95
$95.89
$210.52
72
$63.63
$125.25
$274.59
73
$52.56
$103.12
$226.32
73
$68.09
$134.18
$294.07
74
$55.89
$109.78
$240.81
74
$72.26
$142.52
$312.25
75
$58.86
$115.73
$253.80
75
$75.83
$149.66
$327.83
76
$67.29
$132.58
$290.61
76
$88.47
$174.94
$383.02
77
$75.24
$148.48
$325.23
77
$100.63
$199.25
$414.41
78
$82.68
$163.35
$357.71
78
$103.75
$205.49
$414.83
79
$89.62
$177.23
$387.99
79
$103.95
$205.91
$415.25
80
$95.77
$189.53
$410.63
80
$104.16
$206.32
$415.67

AIG Burial Insurance Monthly Rate | The amount will never change & policy will never expire

8) American Amicable

Parent company:  IA Financial Group

Type:  Public

Traded as:  IAG

American Amicable was founded:  1910

AM Best Rating:  A (excellent) | AMB#: 009122  |  AM Best - American Amicable

Final expense type | Name of policy:

  1. Level Benefit  |  Senior Choice Immediate Benefit

  2. Graded Benefit  |  Senior Choice Graded Benefit

  3. Graded Benefit  |  Senior Choice Graded Benefit (Return of Premium) 

Application ages:  50 to 85  |  Policy will never expire 

Builds cash value:  Yes

How to apply:  Licensed life insurance agent  |  Can not buy direct from American Amicable 

Average time to apply:  16 minutes

Average approval time:  15 minutes

Phone number to apply:  360-970-8221  

Medical exam required:  None

Guaranteed Acceptance:  No  | Health questions

Why is American Amicable final expense insurance the best burial insurance?

 

American Amicable is on our list because of its favorable underwriting for smokers.  Unlike other carriers, American Amicable offers non-tobacco rates to people who only smoke an occasional cigar or pipe.

 

Key features

  • Simple YES/NO application

  • No medical exams or blood work required

  • Affordable rates that will not increase

  • Benefits not subject to Federal income tax

  • Cash value for emergencies and other needs

 

American Amicable-min.png

American Amicable burial Insurance Rates
$5,000 | $10,000 | $20,000  
Non-Smoker
Level Benefits | Graded
Benefits
Age 55 to 85

American Amicable Burial Insurance Monthly Rate | The amount will never change & policy will never expire

Age
Female $5,000
Female $10,000
Female $20,000
Type
Male $5,000
Male $10,000
Male $20,000
55
$18.17
$33.69
$64.73
Level
$21.34
$40.04
$77.43
55
$24.22
$45.79
$88.93
Graded
$28.65
$54.65
$106.66
60
$20.46
$38.26
$73.88
Level
$24.85
$47.06
$91.47
60
$29.88
$57.10
$111.57
Graded
$35.48
$68.32
$133.99
65
$24.85
$47.05
$91.47
Level
$31.21
$59.75
$116.85
65
$39.03
$75.41
$148.17
Graded
$46.53
$90.42
$178.21
70
$31.51
$60.38
$118.11
Level
$40.72
$78.79
$154.94
70
$50.64
$98.63
$194.62
Graded
$61.25
$119.86
$237.08
75
$42.19
$81.73
$160.81
Level
$40.72
$108.02
$213.39
75
$68.53
$134.40
$266.16
Graded
$61.25
$163.91
$325.15
80
$58.16
$113.68
$224.72
Level
$79.24
$155.83
$309.01
80
$92.31
$181.98
$361.31
Graded
$122.32
$241.99
$481.33
85
$84.34
$166.02
$329.40
Level
$111.98
$221.32
$439.99
85
$132.58
$262.51
$522.39
Graded
$170.47
$338.29
$673.93

American Amicable Burial Insurance Monthly Rate | The amount will never change & policy will never expire

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Royal Neighbors Burial Insurance Rates
$5,000 | $10,000 | $20,000  
Non-Smoker

Level  |  Simplified Issue Whole Life

 Graded  |  Graded Benefit Whole Life
Age 55 to 80

Royal Neighbors Burial Insurance Monthly Rate | The amount will never change & policy will never expire

Age
Female $5,000
Female $10,000
Female $20,000
Type
Male $5,000
Male $10,000
Male $20,000
55
$21.81
$39.25
$74.15
Level
$26.21
$48.05
$91.75
55
$29.11
$50.91
N/A
Graded
$35.45
$66.55
N/A
60
$22.15
$39.95
$75.55
Level
$28.11
$51.85
$99.35
60
$34.45
$52.41
N/A
Graded
$37.85
$71.35
N/A
65
$25.35
$46.35
$88.35
Level
$32.45
$60.55
$116.75
65
$44.15
$63.41
N/A
Graded
$46.35
$88.35
N/A
70
$31.31
$58.25
$112.15
Level
$41.05
$77.75
$151.15
70
$62.25
$83.91
N/A
Graded
$63.51
$122.65
N/A
75
$43.00
$81.73
$158.95
Level
$59.61
$114.85
$225.35
75
$87.35
$123.21
N/A
Graded
$90.00
$175.65
N/A
80
$61.35
$118.35
$232.35
Level
$82.21
$160.05
$315.75
80
$117.35
N/A
N/A
Graded
$122.35
N/A
N/A

Royal Neighbors Burial Insurance Monthly Rate | The amount will never change & policy will never expire

9) Royal Neighbors 

Type:  Corporation

Royal Neighbors was founded:  1895

AM Best Rating:  A (excellent) | AMB#: 007010  |  AM Best - Royal Neighbors

Final expense type | Name of policy:

  1.  Level Benefits  |  Simplified Issue Whole Life

  2.  Graded Benefits |  Graded Benefit Whole Life

Application ages:  50 to 85    |  Policy will never expire

Builds cash value:  Yes

How to apply:  Licensed life insurance agent  |  Can not buy direct from Royal Neighbors

Average time to apply:  15 minutes

Average approval time:  15 minutes

Phone number to apply:  360-970-8221  

Medical exam required:  None

Guaranteed Acceptance:  

Why is Royal Neighbor's final expense insurance the best burial insurance?

Royal Neighbors is one of the largest women-led life insurers in the United States.  They will provide the best rates that the majority of other carriers will not:

  • Diabetic neuropathy

  • Atrial fibrillation

  • Bipolar Disorder

  • Transient Ischemic Attack (TIA)

  • Blood Thinner Prescriptions

  • Mental Health Issues

 
 
 

10) Gerber Life

Parent company:  Western & Southern Financial Group 

Type:  Mutual 

Gerber Life was founded:  1967

AM Best Rating:  A (excellent) | AMB#: 007299  |  AM Best - Gerber Life

Final expense type | Name of policy:

  1.  Guaranteed Issue  |  Guaranteed Issue

Application ages:  50 to 80    |  Policy will never expire

Builds cash value:  Yes

How to apply:  Licensed life insurance agent 

Average time to apply:  12 minutes

Average approval time:  15 minutes

Phone number to apply:  360-970-8221  

Medical exam required:  None

Guaranteed Acceptance: Yes

Why is Gerber Life final expense insurance the best burial insurance?

Gerber life only offers a guaranteed issue whole life policy for final expense insurance.   

 

Key features

  • Guaranteed acceptance life insurance

  • Acceptance regardless of health

  • No medical exam required 

  • Premiums  will never increase

  • Builds cash value over time

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Gerber Life Burial Insurance Rates
$5,000 | $10,000 | $20,000  
Non-Smoker
Guaranteed Issue Only
Age 55 to 80

Gerber Life Burial Insurance Monthly Rate | The amount will never change & policy will never expire

Age
Female $5,000
Female $10,000
Female $20,000
Age
Male $5,000
Male $10,000
Male $20,000
55
$22.60
$44.27
$87.63
55
$29.43
$57.93
$114.95
56
$23.47
$46.02
$91.12
56
$30.25
$59.58
$118.25
57
$24.15
$47.39
$93.87
57
$30.98
$61.05
$121.18
58
$24.84
$48.77
$96.62
58
$31.62
$62.33
$123.75
59
$25.48
$50.05
$99.18
59
$32.08
$63.25
$125.58
60
$25.99
$51.06
$101.20
60
$32.40
$63.89
$126.87
61
$27.50
$54.08
$107.25
61
$34.74
$68.57
$136.22
62
$28.87
$56.83
$112.75
62
$36.94
$72.97
$145.02
63
$30.07
$59.22
$117.52
63
$39.05
$77.18
$153.45
64
$30.98
$61.05
$121.18
64
$41.07
$81.22
$161.52
65
$31.76
$62.61
$124.30
65
$43.04
$85.16
$169.40
66
$33.37
$65.82
$130.72
66
$44.78
$88.64
$176.37
67
$34.70
$68.47
$136.03
67
$46.29
$91.67
$182.42
68
$35.93
$70.95
$140.98
68
$47.71
$94.51
$188.10
69
$37.12
$73.33
$145.75
69
$48.95
$96.98
$193.05
70
$38.22
$75.53
$150.15
70
$50.05
$99.18
$197.45
71
$41.89
$82.87
$164.82
71
$54.54
$108.17
$215.42
72
$45.37
$89.83
$178.75
72
$58.98
$116.97
$233.02
73
$48.72
$96.52
$192.13
73
$63.07
$125.52
$249.52
74
$51.79
$102.67
$204.42
74
$66.92
$132.92
$264.92
75
$54.54
$108.17
$215.42
75
$70.22
$139.52
$278.12
76
$62.33
$123.75
$246.58
76
$81.90
$162.89
$324.87
77
$69.67
$138.42
$275.92
77
$93.13
$185.35
$369.78
78
$76.54
$152.17
$303.42
78
$103.90
$206.89
$412.87
79
$82.96
$165.00
$329.08
79
$114.22
$227.52
$454.11
80
$88.64
$176.37
$351.82
80
$124.12
$247.32
$493.71

Gerber Life Burial Insurance Monthly Rate | The amount will never change & policy will never expire

 

Don't be fooled by Credit Union insurance
It's not what it looks like

I really love my Credit Union.  They are great people and have excellent customer service.  They are great at banking and lending but they are not very good at insurance.  And they are not alone.  Credit Unions across the country offer "free" life insurance to their members.  It's usually a $1,000 in coverage for being a member.  In their mailers, email, and website promotions they tout how easy it is to add additional coverage with no medical exams or health questions.  Sound familiar?  Below is a screenshot of my Credit Union's website ad for this insurance.  Please note that my "acceptance is guaranteed - No Medical Exams or Health Questions, for coverage up to $300,000."  Wow, that sounds so good.  But I'm not fooled and neither should you be.  What most people don't realize is what AD&D means.  It stands for accidental death and dismemberment.  It is NOT life insurance.  You have to die as a result of an accident to collect the funds.  This is a very high-margin product offered by financial institutions like Banks and Credit Unions.  

This looks like inexpensive, easy to get life insurance.
It is NOT life Insurance!
It is Accident Insurance!
Don't be fooled by your Credit Union

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