At IBUSA, we specialize in no exam life insurance, including final expense and burial insurance policies, with and without health questions. We have put together a list of our top picks so that our visitors can familiarize themselves with the current crop of companies that offer final expense life insurance.

For the best final expense plans, we recommend permanent life insurance policies. All the burial life insurance companies we list below have some type of permanent insurance, that way the policy remains in force for your entire life as long as you pay the premiums.

The following are our current final expense life insurance companies we recommend listed in alphabetical order:

Compare over 50 top life insurance companies instantly. Simply select two companies and click COMPARE. Insurance Company 1 --Select-- Allianz Life American Amicable American General (AIG) American National American United Life Americo Ameritas Assurity Baltimore Life Banner Life Brighthouse Financial Colonial Penn Equitable Fidelity Life Foresters Financial Genworth Gerber Life Globe Life Guardian Life John Hancock Lafayette Life Liberty Bankers Life Lincoln Heritage Lincoln National MassMutual MetLife Midland National Mutual of Omaha Mutual Trust Nassau National Life Nationwide New York Life North American Company Northwestern Mutual Ohio National Oxford Life Pacific Life Penn Mutual Primerica Principal Life Protective Life Prudential Financial Royal Neighbors Sagicor Life Insurance SBLI Securian State Farm State Life Symetra Transamerica Trinity Life United Home Life Insurance Company 2 --Select-- Allianz Life American Amicable American General (AIG) American National American United Life Americo Ameritas Assurity Baltimore Life Banner Life Brighthouse Financial Colonial Penn Equitable Fidelity Life Foresters Financial Genworth Gerber Life Globe Life Guardian Life John Hancock Lafayette Life Liberty Bankers Life Lincoln Heritage Lincoln National MassMutual MetLife Midland National Mutual of Omaha Mutual Trust Nassau National Life Nationwide New York Life North American Company Northwestern Mutual Ohio National Oxford Life Pacific Life Penn Mutual Primerica Principal Life Protective Life Prudential Financial Royal Neighbors Sagicor Life Insurance SBLI Securian State Farm State Life Symetra Transamerica Trinity Life United Home Life Compare

How Much Final Expense Insurance Do I Need?

The coverage amount you get will be influenced by how much you want to spend on a policy, but it is important to consider end of life expenses such as medical bills, funeral costs and burial costs, and debt obligations. In truth, most people dread being a financial burden on their family members, so carefully considering how much coverage is needed is prudent.

Final Expense Life Insurance Quotes

So, how much does final expense insurance cost? That is one of the most important factors that folks want to know and it is largely determined by your coverage amount. We put together some handy tables below that will give you an idea of how much final expense insurance will cost based on your age and health status.

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.

Age	Level	Graded	Guaranteed Issue
50	64.80	82.09	108.85
51	67.83	84.41	117.10
52	71.06	89.02	124.67
53	74.48	93.65	131.77
54	78.05	98.28	137.96
55	81.55	102.91	143.46
56	85.36	107.55	147.58
57	89.33	112.16	151.25
58	93.07	119.11	154.46
59	96.97	126.06	156.75

$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.

Age	Level	Graded	Guaranteed Issue
60	101.54	132.98	158.35
61	106.15	139.93	170.04
62	111.28	146.88	181.04
63	117.09	156.12	191.58
64	123.56	165.39	201.67
65	130.03	176.97	211.52
66	137.54	188.53	220.23
67	144.40	200.11	227.79
68	152.17	213.99	234.89
69	159.55	230.18	241.08

$25,000 Burial Insurance Rates ages 70-79

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

Age	Level	Graded	Guaranteed Issue
60	169.94	246.58	246.58
61	180.33	267.26	269.04
62	191.72	288.64	291.04
63	204.11	310.64	311.67
64	217.56	333.74	330.92
65	232.07	357.39	347.42
66	262.79	386.10	405.85
67	280.53	422.84	462.00
68	300.53	462.44	515.85
69	319.00	501.25	567.41

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

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

Age	Level	Graded	Guaranteed Issue
80	344.52	534.58	616.91
81	370.06	579.04	691.74
82	395.61	608.96	711.84
83	422.75	636.24	788.61
84	449.90	660.44	826.87
85	477.04	669.79	865.38

Best Final Expense Insurance Companies

It is important to mention something at the outset that we will cover more in depth below. When we mention Final Expense Insurance, we also mean Burial Insurance and Funeral Insurance.

No matter what you choose to call this product, what we are referring to is smaller permanent life insurance policies that are used to pay final expenses, funeral costs and medical bills.

The Most Common Question We Get

Now before we discuss each company in detail, it is important that we answer a frequently asked question.

How do I decide which company will be the best choice for me?

Here are a few things to consider when deciding which final expense insurance company is the best choice for you.

What is the Company’s Financial Strength?

You should pay attention to a company’s financial strength. We provide the A.M. Best rating of each company below.

A.M. Best is the premier third party ratings agency and the higher the rating, the stronger the company’s financial are going to be.

And the stronger the company’s financials, the better equipped they are to pay future death benefits.

How Much Coverage Can I Get?

Consider how much coverage you need because some companies limit the maximum amount of burial insurance coverage you can get to $10,000, while others will offer up to $50,000 or even $100,000.

Obviously, price matters, so you will also want to consider how much coverage makes sense based on your present and future budget.

What Type of Coverage Is This?

Do you want term life or permanent life? Term is going to be cheaper initially, but you may outlive it.

Permanent life might have a higher initial price tag, but it will grow cash value that you can borrow against and you don’t have to worry about outliving it.

Generally, we recommend permanent life insurance, more specifically whole life. That is because most people get these policies so they can cover end-of-life costs, such as funeral costs and medical bills.

However, we work with many of the top final expense insurance companies, some which offer term life policies as well.

In rare instances a term policy might make more sense. It really comes down to a case-by-case basis on what is going to best meet your needs.

Is the Burial Insurance Policy Level, Modified, or Graded Benefit?

Finally, consider if the policy is burial insurance with no waiting period or if there is a waiting period.

We cover this topic more in depth below, but know that there are three different final expense insurance policies out there.

• The three different types of final expense insurance are:
  • Level Benefit
  • Graded Benefit
  • Modified Benefit

Depending on your health history will determine which type of coverage is going to be best for you.

Get The Help You Need to Find the Best Policy…for you!

We at IBUSA invite anyone who is thinking about purchasing final expense insurance, burial insurance or funeral insurance to give us a call so we can help align you with the company that best fits your specific needs, goals and budget.

Since we work with so many companies, our experts can help you locate the company best suited to what you are trying to do. When we recommend a company, we are looking at how much coverage you need, whether you want term or whole life, or a blend of the two, and what health issues you may have.

And this is how we help place you with the right company, by gathering the right information from you so we know just how to help you.

So, with this in mind, here are our top picks with a description of the best final expense and burial policies they offer.

Final Expense Life Insurance Companies We Didn’t Choose

• Colonial Penn
• Globe Life
• Lincoln Heritage Funeral Advantage

The primary reason we did not include these burial insurance companies in our “best of” list is because the pricing is too high versus the competition. We believe there are better alternatives to these companies.

Globe Life, Colonial Penn and Lincoln Heritage have great marketing campaigns (and budgets), so people tend to choose them over less known companies, such as those we list above.

You can click on the link of each company above to be taken to the corresponding review where we go deeper into why we do not recommend these final expense insurance companies.

Which Final Expense Company is Best for Me?

It can be difficult to determine which final expense company is the best fit for you, as there are many factors to consider and different companies may offer different benefits and terms. Some things to consider when shopping for a final expense policy include:

1. Financial stability: It is important to choose a financially stable insurer that has a strong track record and is likely to be able to pay out your claim when the time comes. You can check the financial ratings of different insurers through agencies like A.M. Best or Standard & Poor’s.
2. Coverage options: Look for a policy that offers the level of coverage you need to cover your final expenses. Be sure to read the policy terms carefully to understand what is and is not covered.
3. Premiums: Compare the premiums and other costs of different policies to find one that fits your budget. Keep in mind that premiums may vary based on your age, health, and other factors.
4. Customer service: Consider the reputation of the insurer for customer service. You may want to choose a company that has a good track record of handling claims efficiently and fairly.

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

Whole Life vs Term Life

Term life insurance and whole life insurance are two types of life insurance that have some differences in terms of how they work and the benefits they offer.

Term life insurance is a type of policy that provides coverage for a specific period of time, such as 10, 20, or 30 years. If the insured person dies during the term of the policy, the beneficiary will receive the death benefit. And if the insured person does not die during the term, the policy will expire and there is no payout.

Term life insurance is generally less expensive than whole life insurance and is often used to provide coverage for a specific need, such as covering a mortgage or providing income for a family.

Whole life insurance, also known as permanent life insurance, provides coverage for the entire lifetime of the insured person. In addition to a death benefit, whole life insurance also includes a savings component, which allows policyholders to build cash value over time.

A whole life policy’s cash value can be accessed through loans or withdrawals while the policyholder is alive. Whole life insurance is generally more expensive than term life insurance, but it offers the added benefit of a savings component and the ability to build cash value.

When deciding between term life insurance and whole life insurance, it is important to consider your long-term financial goals and needs. If you have a specific need for coverage that will last for a set period of time, term life insurance may be a good option.

If you are looking for a policy that will provide lifetime coverage and has a savings component, whole life insurance may be a better choice.

Simplified Issue vs Guaranteed Issue

Simplified issue life insurance and guaranteed issue life insurance are types of life insurance policies that are designed to be more easily accessible to individuals who may have difficulty obtaining coverage through a traditional policy.

Simplified issue life insurance is a type of policy that requires only a minimal amount of medical information from the applicant. This may include a short medical questionnaire or a limited medical exam.

Simplified issue policies are generally more affordable than traditional policies and may be issued more quickly, but they may not provide as much coverage as a traditional policy and may have exclusions or limitations on coverage.

Guaranteed issue life insurance is a type of policy that does not require any medical information or exams from the applicant. These policies are generally more expensive than traditional policies and may have higher premiums and lower coverage limits.

These guaranteed acceptance policies are often used by individuals who are unable to qualify for a traditional policy due to serious health issues or advanced age.

Both simplified issue and guaranteed issue policies may be good options for individuals who have difficulty obtaining coverage through a traditional policy, but it is important to carefully review the terms and conditions of these policies to understand any exclusions or limitations on coverage.

It may also be a good idea to compare the premiums and coverage limits of these policies with those of traditional policies to determine which option is the best fit for your needs.

Some additional terms to know…

Level Benefit, Graded Benefit, and Modified Benefit

LEVEL Benefit

Level benefit coverage is your standard burial insurance with no waiting period. This type of final expense policy 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 health questions, while others may ask many health questions.

Just know that if you want a level benefit plan, underwriters will consider your application, as may also look at the Medical Information Bureau (MIB), run a prescription drug check, and perform a Personal History Interview.

The point being, the more questions they ask, the lower your premium will probably be, but also the higher likelihood you may be denied coverage if you have a pre-existing condition.

GRADED Benefit

Graded benefit 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 benefit 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 Benefit

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

The modified benefit coverage is life insurance without health questions.

Often, modified benefit 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 cayuses in the first 2 or 3 years, the policy will pay a return of premium plus 10%.

This modified 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 agency 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!