The Best Final Expense Carriers

We can all agree there are countless companies to choose from when looking for burial or final expense insurance. One thing that is definitely not something we want to compromise on is the quality of the carrier you partner with to protect your family. We are going to give you a list of some of the top rated carriers in the industry for Final expense life insurance.

1. Mutual of Omaha– The prices with Living Promise, which is Mutual’s final expense whole life plan, are some of the best in the industry. They are A-rated and have great name recognition due to the popularity of “Wild Kingdom”. Because their product is priced so well they are a bit more strict on the underwriting. They do not like complications with diabetes, diabetes diagnosed before the age of 50, or COPD to name a few conditions that would keep you from getting DAY 1 coverage with Mutual of Omaha. They have a fantastic whole life plan for children 17 and under that is a perfect for grandparents and parents.
2. Royal Neighbors is a company that was started by women for women over a hundred years ago. Again they are A-rated and they are a very diabetic friendly carrier. Their prices are also very fair and they issue policies quickly. They are also very philanthropic and give large sums of money back to charities. The have traditional whole life that is priced very well for clients wishing to have a larger amount of coverage.
3. Foresters Financial is another great Final Expense carrier that is very forgiving with mental health issues. They approve clients for day 1 coverage who have been diagnosed with conditions such as Bi- Polar and Schizophrenia. Foresters also prides themselves on giving back to the communities by building playgrounds and funding educational scholarships.
4. Prosperity is a great carrier that is priced well. They offer three options with their whole life products. Day 1 coverage also referred to as level coverage for those who are healthy with a benefit that will pay out immediately upon death. Graded is the second option that will pay out 35% in the first year, 70% in the second year and full benefit after the third year. The last options is Modified coverage which is a full two year wait before the policy would pay. They are a forgiving company when it comes to certain health challenges.
5. Americo also has a host of products that provide coverage to many of our clients. They have a policy that will cover clients who have COPD day 1 coverage. They also offer clients who are outside of 18 months from having a cardiac issue day 1 coverage. They include accidental coverage in their final expense products so it is factored into the pricing.
6. AIG is our go to for clients are having health challenges such as dementia, congestive heart failure, dialysis and active cancer. They will cover clients up to the age of 85 and the prices are fair. There is a two year wait before the policy will pay out full benefits.
7. Gerber Life has guaranteed issue life insurance policies that are whole life just like AIG with a two year wait. We like to compare rates to be able to offer the best prices for a client.

These are not the only options available, we work with over 15 different carriers just in the final expense realm of whole life insurance. They are just the all-stars of the final expense world.

All of the carriers except AIG and Gerber will approve you based off your answers to their health questions and a quick prescription check. This is done over the phone or through an e-app with a professional licensed agent. Brokers will have an approval upon the completion of the application. There is no waiting and worrying about an approval. We do all the work for you. These types of plans also do not require a medical exam. The face amounts of final expense plans range from $2,000-$40,000 with the average being around $20,000. Get covered today and protect yourself and your family from financial burdens. Leave a legacy not a burden.