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Top 17 Best Final Expense Burial Insurance Companies (2020 Update)

best burial insurance

Here at IBUSA, we understand that not everyone is looking to purchase a multimillion-dollar life insurance policy for their family. 

Sometimes…

Just a small $25,000 whole life insurance policy or a $5,000 burial life insurance policy is all that they really need. 

Which is why…

We wanted to take a moment to provide our readers with a list of companies we feel represent the Best Final Expense Insurance Companies in the industry and invite anyone who is thinking about purchasing a final expense insurance product like one of these to give us a call.

Here are our current favorite final expense insurance companies listed in alphabetical order:

Our Top 10 Final Expense and Burial Whole Life Insurance Companies


AIG guaranteed issue whole Life
A.M. Best rating: A

AIG offers guaranteed issue whole life insurance.

This final expense insurance policy is for ages 50-85, ranging from $5,000-$25,000 in coverage.

The best part about this policy is there are no health questions and no health exam requirements.

Read our AIG Life Insurance Review for more detailed information about what they offer.

american amicable final expense insurance
A.M. Best rating: A

American Amicable is a great option for burial insurance or final expense insurance.

American Amicable offers both an immediate benefit plan and a graded benefit plan.

With face amounts ranging from $2,500 to $30,000, the immediate benefit plan is a top final expense insurance policy.

Read our American Amicable Life Insurance Review for more detailed information about what they offer.


A.M. Best rating: A

Americo has a variety of whole life insurance products that will cover final expenses.

Their Ultra Protector Series is what you need to be looking at. This has policies for people 50-85, ranging from $2,000-$30,000 in coverage.

Protector I and II require a basic health screening as well as health questions. If you need a guaranteed issue final expense policy due to health problems, this may not be the best option.

Read our Americo Life Insurance Review for more detailed information about what they offer.


A.M. Best rating: A

With American National, you can get a policy from $2,000-$50,000. Graded and modified death benefit plans go up to $25,000.

The great thing about this policy is that it has cash value. Additionally, there is a terminal illness rider if your policy is $25,000 or more.

For more information read our American National Life Insurance Company Review


A.M. Best rating: A-

Assurity  is one of our favorite no medical exam companies. If you have any kind of health problems, then you should consider Assurity.

They offer Simplified Level Benefit Whole Life & Graded Benefit policies. The death benefit is $5,000-$50,000 until the age of 65. From 66-80 years old, the death benefit is between $5,000 and $25,000.

Read our Assurity Life Insurance Review to know more about their life insurance products.


A.M. Best rating: B++

Baltimore Life’s Silver Guard products are great and there are three different life insurance policies offered.

Silver Guard I is the best option for people who are relatively healthy and can pass the health questionnaire.

Silver Guard II and III are options for people who have some health problems. Under these two policy options there is a graded death benefit. In year one, you will get 25% coverage. In year two, the coverage goes up to 50%. By year three, the full death benefit is in action.

For more information about Silver Guard products, read our Baltimore Life Insurance Company Review


A.M. Best rating: A-

Foresters is on our list of best life insurance companies. When it comes to final expense policies, Forester’s PlanRight Whole Life policy is a simplified issue final expense policy to consider.

The reason most people choose this policy is for the price – it’s extremely reasonable. Depending on the plan you qualify for, the policy’s face amount ranges from $2,000 to $35,000 up until age 80. It goes down to $15,000 for applicants who are 81-85 years old.

Foresters offers three separate final expense insurance plans:

  • Preferred Coverage,
  • Standard Coverage, and
  • Modified Coverage

Read the Foresters Life Insurance Company review to know more.


A.M. Best rating: A

Yes, it’s the same face as the baby food – they are also an amazing life insurance company. If you have any major health problems but still want to get a final expense policy to protect your loved ones, then Gerber’s Guaranteed Life is a great option.

They do not require any medical tests, blood or urine samples, and no health questions.

Face amounts are between $5,000 and $25,000.

If you are a senior and looking for burial insurance, then Gerber is a great choice as they have some of the most affordable prices for guaranteed issue life insurance.

Even if you are looking to purchase a life insurance policy to cover someone else (like your parent or grandparent), then Gerber is a reliable way to go.

Check out our Gerber Life review for more.

liberty bankers life
A.M. Best rating: B++

Liberty Bankers Life offers SIMPL, a simplified issue whole life insurance policy. You can choose between SIMPL preferred and SIMPL standard. Face amounts range from $3,000 – $30,000.

Liberty Bankers also offers MWL, which is for people who don’t quite meet the requirements for the SIMPL standard policy. Face amounts on the modified plan range from $1,000 to $20,000.

Check out our Liberty Bankers review for more.

A.M. Best rating: A+

Mutual of Omaha (MOO) also makes our top 10 no exam life insurance companies list.

MOO has a whole life burial or final expense insurance policy called Living Promise. This policy is available for applicants from 45-85 years old.

The face amounts vary, ranging from $2,000 to $40,000. In order to qualify for the policy, you will need to undergo a background check which will include medical information and running your name through the prescription drug database.

One great thing about this whole life final expense policy is that it comes with an accelerated death benefit rider if you are diagnosed with a terminal illness and the doctor gives you less than a year to live. This will help you pay for the final expenses you have while still alive.

Read more on our Mutual of Omaha Review

oxford life logo
A.M. Best rating: A-

Oxford Life Insurance Company offers its Assurance and Assurance One, which is a single premium final expense insurance policy.

Assurance is available for ages 50-85 and Assurance One is available for ages 55-80.

You can choose face amounts ranging from $5,000 up to $30,000.

The Oxford Life Assurance final expense insurance policies offer accelerated benefits including:

  • Terminal Illness Rider
  • Nursing Home Rider
  • Chronic Illness Rider
Check out our Oxford Life review for more.

Prosperity Life Insurance
A.M. Best rating: A-

Prosperity Life Insurance offers final expense whole life insurance.

Three different burial insurance options are available: level, graded and modified benefit for ages 50-80. Face amounts available range from $1,500 – $35,000.

Prosperity Life also offers a 20 year graded death benefit term. The policy has a reduced death benefit the first three years, after which time the full death benefit is paid for the remaining term length.

At the end of the 20 years, the premiums remain the same but the death benefit decreases annually.

Check out our Prosperity Life review for more.

royal neighbors simplified issue whole life
A.M. Best rating: A-

Royal Neighbors final expense insurance products incliude Simplified Issue Whole Life (SIWL) and Graded Death Benefit Whole Life (GDB).

Available for ages 50-85, you can get as little as $5,000 in coverage or up to $25,000 in coverage for the SIWL product and $10,000 in coverage for the GDB product.

Check out our Royal Neighbors review for more.


A.M. Best rating: A

Another great final expense life insurance company is Sagicor.

They offer health class rates that make it really affordable for people who are healthy and even those who have some health issues.

To qualify for Sagicor Sage NLUL Standard, you should be between 18-65 years of age. Sagicor also offers fully underwritten policies if you are between 66 and 85.

Another good thing about  Sagicor is that they have an accelerated benefit insurance rider for terminal illness or chronic illness- for free!

Find out more from our Sagicor Life Insurance Review


A.M. Best rating: A

Transamerica has a final expense or burial whole life insurance product called Immediate Solution Preferred or Standard.

This has a face amount between $1,000 and $50,000 for applicants under 55.

If you are 55-65 years old, you can qualify for up to $40,000 of coverage, 66-75 up to $30,000 and 76-85 up to $25,000.

The Easy Solution Plan offers a 2 year graded death benefit, with face amounts ranging from $1,000 – $25,000.

Read the full Transamerica Life Insurance Review

trinity life insurance company
A.M. Best rating: A

Trinity Life Insurance Company offers whole life insurance for final expenses.

Golden Eagle Final Expense is available as either simplified issue or graded death benefit.

Simplified issue whole life insurance is available for ages 50-85, with death benefits ranging from $2,500 to $25,000.

Graded benefit whole life insurance is available for ages 50-80, with death benefits ranging from $2,000 to $10,000.

Both products offer an Accelerated Living Benefit Rider for Terminal Illness or Nursing Home Confinement.

Check out our Family Benefit Trinity Life review for more.


A.M. Best rating: A-

United Home Life offers a simplified issue product for applicants from 20-80 years old. This product is called the United Home Life Express Issue Premier.

You can get a face amount from $5,000-$100,000 up until the age of 60. If you are 61-80, you can qualify for up to $50,000. This is another great option for a final expense policy for senior applicants.

Check out the United Home Life Review to know more.

Final Expense Life Insurance Quotes

The following are sample $25,000 final expense insurance rates for a male. All rates are for informational purposes, are subject to change, and must be qualified for.

$25,000 Burial Life Insurance Rates ages 50-59

All whole life rates shown below are fixed and will stay the same for your lifetime.

AgeLevelGradedGuaranteed Issue
5064.8082.09108.85
5167.8384.41117.10
5271.0689.02124.67
5374.4893.65131.77
5478.0598.28137.96
5581.55102.91143.46
5685.36107.55147.58
5789.33112.16151.25
5893.07119.11154.46
5996.97126.06156.75

$25,000 Final Expense Life Insurance Rates ages 60-69

All whole life quotes shown below are guaranteed to stay the same for your lifetime.

AgeLevelGradedGuaranteed Issue
60101.54132.98158.35
61106.15139.93170.04
62111.28146.88181.04
63117.09156.12191.58
64123.56165.39201.67
65130.03176.97211.52
66137.54188.53220.23
67144.40200.11227.79
68152.17213.99234.89
69159.55230.18241.08

$25,000 Burial Insurance Rates ages 70-79

All whole life insurance quotes shown below are guaranteed to stay the same for your lifetime.

AgeLevelGradedGuaranteed Issue
60169.94246.58246.58
61180.33267.26269.04
62191.72288.64291.04
63204.11310.64311.67
64217.56333.74330.92
65232.07357.39347.42
66262.79386.10405.85
67280.53422.84462.00
68300.53462.44515.85
69319.00501.25567.41

$25,000 Final Expense Insurance Quotes ages 80-85

All whole life insurance rates shown below are fixed for life and will not increase.

AgeLevelGradedGuaranteed Issue
80344.52534.58616.91
81370.06579.04691.74
82395.61608.96711.84
83422.75636.24788.61
84449.90660.44826.87
85477.04669.79865.38
Please give us a call for personalized final expense insurance rates, or enter your information in our final expense insurance quoter below.

Which Final Expense Company is Best for Me?

So with all these companies and the different final expense and burial insurance policies to choose form you might be a bit overwhelmed.

Here are a few important things to know when shopping for final expense or burial insurance.

Whole Life vs Term Life

First, make sure the policy is whole life insurance. There are many companies out there that offer term life insurance, masquerading as final expense insurance.

The problem arises when you buy into one of these initially low premium term life insurance policies and then five years down the road discover your premiums are going to increase.

Many companies, such as Globe Life, offer these increasing premium policies. After a few premium hikes, you will find yourself either broke, or out of a life insurance policy.

Instead, make sure you chose whole life insurance, where the premiums are fixed for the life of the policy.

Simplified Issue vs Guaranteed Issue

An important distinction to consider when shopping for the best final expense insurance is the difference between simplified issue life insurance and guaranteed issue life insurance.

Simplified issue life insurance is coverage that requires some underwriting. Typically this means you will be required to answer some health questions.

There are varying degrees of simplified issue insurance, including level, graded and modified.

LEVEL

Level coverage is your standard policy that requires you pass a health questionnaire in order to qualify for the final expense insurance policy.

Different companies have varying degrees of questions. Some contain only 3, while others may ask many health questions.

Just know that the more questions they ask, the lower your premium will probably be, but also the higher likelihood you may be denied coverage.

GRADED

Graded is in between level and modified. It is somewhat of a hybrid between the two types of final expense insurance plans. It is not as difficult to get as simplified issue but not as easy as guaranteed issue.

As a result, there are some health questions to navigate.

Plus, a graded burial insurance policy will have some provisions that limit the total death benefit paid out in the first 2-3 years for non-accidental death.

For example, in year one, maybe only 30% of death benefit would be paid for natural causes.

And in year 2, perhaps 70% of the death benefit would be paid for natural causes, with the full death benefit paid in year 3 and onward.

MODIFIED

Modified final expense plans are the easiest to qualify for. This is typically the umbrella where your guaranteed issue life insurance will fall under.

Often modified burial insurance plans require a 2 or 3 year waiting period before the full death benefit will be paid.

Generally, if death occurs due to natural casuses in the first 2 or 3 years, the policy will pay a return of premium plus 10%.

This graded death benefit provision  covers the company in case the insured already has a terminal illness.

However, if death occurs due to an accident, the policy will pay the full death benefit face amount.

How We can Help

Here is what we do…

First, we start off by talking with you. We get to know you, what your objectives are, any health or lifestyle issues that may exist, and anything else that may affect your life insurance application.

Next, we use the information you provide us to come up with a handful of different options for you. It may be that you qualify for ordinary term life or whole life insurance.

Then again, you may have some reason to prefer simplified issue no exam life insurance. The reasons can be anything from a fear of needles, not sure of your health status, or you may have an existing health condition that makes a simplified issue policy superior.

Finally, we may discover that you are best suited for a smaller simplified issue or guaranteed issue life insurance policy, where there are no exams and few, to none, health questions asked.

The bottom line is, we are here for you. That is what sets us apart.

About Us

At InsuranceBrokersUSA, we are a life insurance broker that represents many different companies. These are our top ten best whole life final expense or burial life insurance policy companies.

Each of these companies may or may not be right for you. In order to know which whole life final expense and burial insurance company is right for you and your situation, please give us a call today!

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