Get Final Expense and Burial Insurance Quotes!
If you want proof of how popular final expense life insurance has become, look no further than your TV screen. With Baby Boomers storming into the marketplace every month, the major insurance carriers are scrambling to make their company names relevant. If you are a senior and looking for final expense and burial insurance, there’s no time like the present to get a policy.
Some companies sell their insurance policies directly, but I’m not sure that’s the best route to take (especially since the price you pay is the same, no matter where you purchase the policy). It’s usually best to use an independent agent who will present several options to you.
How to Get the Best Rates on Final Expense Insurance
Most consumers understand that if you want the best price possible on any product or service, you need to shop with as many businesses that offer what you’re looking for. Not long ago, this meant grabbing the Yellow Pages and dialing for dollars. Not anymore! With today’s technology, we can shop with all of the major insurance companies in one place and at one time.
Now, we don’t have to speak with an agent from every company to shop our business. We can go online to one insurance broker who represents all the top highly rated insurance companies, fill out one form, and get a quote from every company on the list. Don’t you just love technology? You can answer just a few questions and instantly receive a quote back from dozens of insurance companies, and the quotes will be listed from lowest to highest!
How Do I know which Company is the Best?
When shopping for a product as important as life insurance, it makes good sense not to just look at the lowest price. Your decisions should also be about company stability, customer service, and especially claims service. Yes, the price is very important because you want the monthly payment to fit in your budget, but stability, customer service, and claim service should also be very important.
There is good news! You can check out a company’s stability by looking at its financial ratings. You can also check out their customer service and claims service by looking at their reviews. You can get all the information online if you spend just a few minutes after seeing their pricing.
Last but certainly not least, you can have an independent agent advocate for you and walk you through your final expense insurance policy’s shopping, purchasing, and underwriting process. An independent insurance broker will typically represent all of the highly-rated insurance carriers, and they will have the information available for you to check out each company they recommend. And this is the best part: they do not charge you a dime to help you make an informed decision because they are paid by the insurance company. They are self-employed, meaning they work for you first and the companies second.
Top 5 Final Expense Insurance Companies for 2018
We have chosen the following five companies because they meet the abovementioned criteria.
- Lowest rates for final expense insurance
- Highly rated by A.M Best and other rating services
- Very good reviews for customer service and claim services
These final expense insurance companies are listed in no particular order.
Mutual of Omaha
Mutual of Omaha has been one of our go-to carriers for the last ten years. The company has been in business since 1909 and is currently a Fortune 500 insurer. Their financial ratings continue to be among the best in the industry, with an A+ rating from A.M. Best Rating Services.
Mutual of Omaha offers final expense insurance for applicants between 45 and 85. They are one of the few companies offering final expense policies with a $40,000 death benefit; all their final expense policies are Whole Life Insurance policies. This means that policyholders will get all the guarantees and benefits that you would find in a traditional whole life insurance policy but never have to be concerned about a medical exam.
There are two options for their Living Promise Plan:
- Level Benefit – pays 100% of the benefit upon the insured’s death.
- Graded Benefit – for death due to natural causes (any cause other than accidental, during the first two years, the beneficiary will receive all premiums paid plus 10%. After two years, the full benefit is paid for death due to all causes.
Corebridge Financial (Formerly AIG)
Corebridge Financial is a leading provider of financial services, focusing on retirement, investment, and insurance solutions to help individuals achieve financial security. The company is known for its customer-centric approach and offers a range of products designed to meet the diverse needs of its clients.
Corebridge Financial leverages its expertise and innovative strategies to deliver personalized financial plans, ensuring customers can confidently navigate their financial futures. With a strong commitment to transparency, integrity, and excellence, Corebridge Financial continues to build lasting relationships with its clients, helping them to protect their assets and achieve their long-term goals.
Final Expense Life Insurance Products
- Coverage Options: Offers coverage amounts ranging from $2,000 to $35,000, providing flexibility to meet various financial needs.
- Simplified Application Process: No medical exam is required; eligibility is based on a simple health questionnaire.
- Guaranteed Acceptance: Available for individuals aged 50-85, ensuring coverage for seniors with health issues.
Gerber Life Insuranace
Gerber Life Insurance Company, a trusted name in life insurance for over 50 years, is dedicated to providing affordable and reliable life insurance solutions for families. Known for its commitment to helping parents and grandparents secure the financial future of their loved ones, Gerber Life offers a range of products tailored to meet the unique needs of families at every stage of life.
The company’s final expense insurance is designed to alleviate the financial burden of end-of-life expenses, ensuring peace of mind for policyholders and their families.
- Coverage Amounts: Policies offer coverage ranging from $5,000 to $25,000, providing financial support for funeral costs, medical bills, and other end-of-life expenses.
- Simplified Application: No medical exam is required; eligibility is based on answers to a few health-related questions.
- Age Range: Available to individuals aged 50-80, ensuring coverage for older adults.
- Fixed Premiums: Premiums remain constant for the life of the policy, making it easy to manage long-term.
SBLI
SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) has been a reliable provider of life insurance solutions for over a century. Known for its straightforward, affordable, and trustworthy insurance products, SBLI aims to make securing life insurance as simple and accessible as possible. The company is committed to helping individuals and families achieve financial peace of mind through various life insurance options tailored to meet diverse needs, including their comprehensive final expense insurance products.
Final Expense Life Insurance Products
- Coverage Options: This plan offers coverage amounts ranging from $2,000 to $35,000, ensuring flexibility to cover various end-of-life expenses.
- Easy Application Process: No medical exam is required; eligibility is determined based on answers to a few health-related questions.
- Fixed Premiums: Premiums remain level for the life of the policy, making it easier to plan and budget.
- Age Eligibility: Available to individuals aged 50-85, providing options for seniors seeking coverage.
- Guaranteed Acceptance: Some policies offer guaranteed acceptance, ensuring that those with health issues can still obtain coverage.
American Amicable Life Insurance
American Amicable Life Insurance Company, a reputable provider of life insurance products since 1910, is committed to delivering quality coverage and exceptional service to its policyholders. The company offers a broad range of life insurance solutions designed to meet the diverse needs of individuals and families. With a focus on affordability, flexibility, and customer satisfaction, American Amicable ensures that its clients can secure their financial futures with confidence. Their final expense insurance products are crafted to provide financial peace of mind by covering end-of-life expenses and reducing the financial burden on loved ones.
Final Expense Life Insurance Products
- Coverage Amounts: Policies offer coverage ranging from $2,500 to $35,000, suitable for covering funeral costs, medical bills, and other end-of-life expenses.
- Simplified Issue: No medical exam is required; eligibility is based on answers to a few simple health questions.
- Level Premiums: Premiums remain constant throughout the life of the policy, ensuring predictable and manageable payments.
- Age Eligibility: Available to individuals aged 50-85, accommodating the needs of seniors seeking coverage.
- Guaranteed Acceptance: Certain policies provide guaranteed acceptance for those who may have difficulty obtaining traditional life insurance due to health issues.
The Bottom Line
When searching for the best final expense insurance companies, all of these companies will easily meet the criteria you should require when purchasing life insurance that you will depend on for a lifetime:
- Super Competitive Pricing.
- Financially Stable Insurance Company.
- Outstanding Customer Service and Claims Service
To get more information about why you need life insurance and for a free no-obligation quote, contact one or our insurance professionals today at (866) 868-0099 or contact us through our website.
I believe that when people shop for insurance (or anything else, for that matter) on the Internet, they are looking for a simple, non-intrusive, non-pressure method of doing so.
I strive to treat my prospective clients with the utmost respect and I believe an educated prospect can make the right decision without sales pressure.
Being independent, I represent many highly-rated insurance companies and, because I am not beholden to any one insurance company, my focus is to find the right company and policy for each individual client.
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