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

best burial insurance companies

At IBUSA, we understand the power of life insurance, even if it is simply a small whole life insurance policy designed to cover final expense and burial.

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

  1. AIG
  2. Americo
  3. American Amicable
  4. American National
  5. Assurity
  6. Baltimore Life
  7. Foresters
  8. Gerber
  9. Liberty Bankers Life
  10. Mutual of Omaha
  11. Oxford Life
  12. Prosperity
  13. Royal Neighbors
  14. Sagicor
  15. Trinity Life
  16. Transamerica
  17. United Home Life

Here at IBUSA, we understand that not everyone is looking to purchase a million-dollar life insurance policy. In fact, often a small $25,000 whole life insurance policy is all anyone later in life ever needs.

After all not everyone is worried about paying off a mortgage, putting a child through college or replacing any lost income for a spouse in the event that one dies prematurely.

Some folks…

Just want to make sure that if they die, their family isn’t going to be burdened with a bunch of medical bills or funeral expenses which would get in the way of loved ones being able to morn your loss worry free and with dignity knowing that at least financially everything will be taken care of.

The problem is…

That with some many different life insurance companies out there “promoting” some many different types of life insurance policies it can become difficult determining which life insurance company is going to be the best for you.

Which is why…

We here at IBUSA decided to take a moment and outline who we feel is currently offering some of the best burial life insurance policies or final expense insurance policies in the industry right now, as well as highlight some of the PROS and CONS of each carrier, so that you might get a better idea of which company might be the “best” for you.

We should also note that…

The following list is a “fluid” one in that we will often make changes or adjustments too it based on changes that an individual carrier may make to their product including any price changes.

It’s also important to note that because every client is unique, the company that might be the best for one individual might not be the best for another one which is why we specifically chose to list the following companies in ALPHABETICAL order seeing how on any given day, anyone of these may be the number 1 option for a particular individual!

Additionally…

Should you choose to give us a call after reading this article, don’t be surprised if he or she quotes and/or recommends a different company that we have listed below, because the truth is, we work with dozens of different life insurance companies at any given moment, so it’s quite possible that the company that’s best for you isn’t listed below.

The nice thing…

About us here at IBUSA is that we’re always upfront and transparent about all of our recommendations which is why, when you request a quote from us, you’re going to see all the same pricing options that we see, so at the end of the day, you don’t have to wonder if you could have selected a more affordable option.

So, without further ado, let’s take a look at which life insurance companies is currently on our Top 10 Best Final Expense Insurance Companies.

Our Top 10 Final Expense and Burial Whole Life Insurance Companies


AIG guaranteed issue whole LifeAIG 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 insuranceAmerican 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.


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.


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


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.


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


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. The policy’s face amount is up to $35,000 up until age 80. It goes down to $15,000 for applicants who are 81-85 years old.

Read the Foresters Life Insurance Company review to know more.


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 Liberty Bankers Life offers SIMPL, a simplified issue whole life insurance policy.

You can choose between SIMPL preferred and SIMPL standard.

Liberty Bankers also offers MWL, which is for people who don’t quite meet the requirements for the SIMPL standard policy.


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 logoOxford 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

Prosperity Life Insurance Prosperity Life Insurance offers final expense whole life insurance.

Three different burial insurance options are available: level, graded and modified benefit.

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.


royal neighbors simplified issue whole lifeRoyal 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.


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


Transamerica has a final expense or burial whole life insurance product called Immediate Solution Standard. This has a face amount between $1000 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.

This is a great amount for a final expense whole life insurance policy for older applicants. If you are a senior applying for a final expense whole life insurance policy, Transamerica might be a great option for you.

Read the full Transamerica Life Insurance Review


trinity life insurance companyTrinity 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.


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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