Best final expense insurance companies
If you are between ages 45 and 89 and are looking for $3,000 to $35,000 in coverage, Aetna is a great choice. We find that we can provide most customers with full first-day coverage, by simply answering a few health questions.
When it comes to reliability, Aetna is a top contender. Since Aetna was founded back in 1853, it has held a position under 100 in the S&P 500. It generates roughly $60 billion a year, and employes 47,950 employees.
2. Royal Neighbors
Royal Neighbors is one of the most lenient companies for those with health conditions. Their final expense policies are available for individuals between ages 50 and 85, with coverage ranging from $5,000 to $25,000.
What truly sets Royal Neighbors apart is that they are a fraternal organization. This legal structure operates for the benefit of its members and not for profit. Aside from competitive pricing, you’ll also enjoy various membership benefits.
Royal Neighbors membership benefits
- Dental and vision discounts, up to 50%
- Prescription drugs discounts, up to 60%
- Retail discounts, up to 40%
- Hearing aids and services discounts, up to 30%
3. Mutual of Omaha
Mutual of Omaha has become extremely competitive when it comes to pricing, and is typically the most affordable choice for graded and level final expense life insurance.
Their policies are excellent for healthy individuals between ages 45 to 80, seeking $2,000 – $40,000 in coverage.
Currently, Mutual of Omaha holds an A+ rating from A.M. Best, which is one of the highest positions for an insurance company to hold in terms of financial strength.
AIG (American General) offers the most affordable guaranteed final expense life insurance policy for seniors. If you are between ages 50 and 85 you can not be denied for $5,000 to $25,000 of coverage. The approval is guaranteed. The price will never go up, and your policy will never be canceled.
AIG ranks exceptionally well across all rating agencies, such as S&P (Strong) and A.M. Best (Excellent).
Gerber is another excellent company to offer guaranteed final expense insurance, at virtually the same cost as AIG. All applicants between ages 50 to 80 are approved for up to $20,000, guaranteed.
The application only takes about 15 minutes to complete, and if paying monthly by ACH, you are eligible for a 7% discount!
Gerber is rated A+ (Superior) by A.M. Best, and is a True Blue customer favorite.