5 Best Burial and Final Expense Insurance Companies in 2020

If you are interested in a quote, you can fill out our quick quote form ,  and we will show you a list of actual prices from multiple insurance carriers. You can also call us at 888-519-9119 to discuss your options.

This 2020 guide has everything you need to know about which final expense burial insurance companies might be right for you.

• What is a final expense life insurance policy?
• Which companies are best? And why..
• What will a burial policy cost?

What Is Burial Insurance, Final Expense & Funeral Insurance?

To clear one thing up right from the start; Burial insurance, final expense or funeral insurance all mean the exact same thing. These are just terms that have been adopted over the years to describe the type of insurance you’re buying. It is a whole life insurance policy with affordable premiums designed to pay for funeral and other burial expenses when you pass. (If an agent tries to tell you they are all different, this should be a HUGE red flag for you).
No exams are required and most health issues are accepted. Benefits typically range from $5,000-$40,000 depending on the insurance company.
The way Whole Life Plans function is incredibly simple. There really is no fine print you need to be worried about.

Here’s how they work…

1. Premiums are locked in for life and will NOT increase
2. The death benefit is locked in and will NOT decrease
3. The policy CANNOT expire due to age

That completely sums up how the policy works. Basically, once your burial policy is in place, it never changes…. in any way, end of story. Then, when your time on this earth is over, the insurance company will pay out the death benefit in the form of a tax-free check directly to your beneficiary(s). They will then use those funds to pay your funeral cost and any money left over can stay with them to enrich their lives.

Who Are The Best Burial And Final Expense Life Insurance Companies?

These funeral insurance companies have the best plans offering unmatched value in terms of price and/or underwriting as well as claims paying ability. In no particular order, they are:

1. Mutual of Omaha
2. Foresters
3. Transamerica
4. AIG
5. American Amicable

Here’s How/Why These Companies Made The Top 5 Best Final Expense Insurance Companies

First, these five companies are extremely financially stable which is extremely important. Afterall, you are about to enter into a contract where you trust a company to manage a monthly payment in return for a lump sum payout down the road…possibly even tomorrow. So, using a company that has a strong financial balance sheet can make a big difference. All of these have at least an A rating or better with A.M. Best. You could have coverage with any of them and have confidence they will all be able to pay your claim when the time comes.

Second, how competitive are they when it comes to winning your business? These five companies are constantly in the top results when we run bid for our customers. They know what the market is bidding, and you will receive an extremely competitive price from any of these companies when it comes to Burial Expense Insurance.

Third is customer service. After all, at some point, you or a family member is going to have to call these companies to file a claim and receive your pay out. From years of working with customers, these five companies are always receiving different awards for their great customer service and ease of doing business with. Each has their strength for why they’re great but none the less, they all are known for going above and beyond to take care of their policy holders.

Everyones situation is unique and because of that, one of these companies might be the best funeral insurance company for you, but your spouse or friend might be better served by a different carrier. There is no company the is the best for everyone.
Chances are, when you’re working with our agents to find the best company for you, one or more of these companies will be part of that conversation.

Mutual Of Omaha

First Year In Business: 1909
Age Availability: 45-85
State Availability: All States Except NY
How To Apply: Does not sell direct, must speak to a Simplegacy agent at 888-519-9119.

Age Female
$10,000
Male
$10,000
Female
$20,000
Male
$20,000
45 $22.61 $25.45 $42.01 $47.69
50 $24.67 $29.16 $46.14 $55.11
55 $28.40 $35.09 $53.60 $66.98
60 $32.87 $42.76 $62.53 $82.31
65 $41.01 $55.76 $78.82 $108.31
70 $53.24 $73.70 $103.28 $144.20
75 $72.41 $99.53 $141.62 $195.85
80 $98.43 $132.65 $193.66 $262.11
85 $135.90 $183.15 $268.60 $363.10

Foresters Financial

First Year In Business: 1874
Age Availability: 50-85
State Availability: All 50 States
How To Apply: Does not sell direct, must speak to a Simplegacy agent at 888-519-9119.

Age Female
$10,000
Male
$10,000
Female
$20,000
Male
$20,000
50 $26.05 $32.00 $48.95 $60.85
55 $31.16 $36.86 $59.17 $70.58
60 $35.41 $45.19 $67.67 $87.22
65 $42.80 $55.75 $82.44 $108.34
70 $53.42 $72.91 $103.69 $142.66
75 $75.08 $102.69 $147.00 $202.23
80 $111.08 $146.74 $219.01 $290.33
85 $165.92 $200.75 N/A N/A

Transamerica

First Year In Business: 1904
Age Availability: 45-85
State Availability: All 50 States
How To Apply: Does not sell direct, must speak to a Simplegacy agent at 888-519-9119.

Age Female
$10,000
Male
$10,000
Female
$20,000
Male
$20,000
50 $25.30 $30.70 $47.10 $57.90
55 $29.10 $35.90 $54.70 $68.30
60 $33.60 $43.70 $63.70 $83.90
65 $41.60 $56.50 $79.70 $109.50
70 $53.90 $74.60 $104.30 $145.70
75 $72.80 $100.00 $142.10 $196.50
80 $104.00 $140.20 $204.50 $276.90
85 $148.60 $200.40 $293.70 $397.30

AIG

First Year In Business: 1919
Age Availability: 50-85
State Availability: All States Except ME, NY, & PA
How To Apply: By speaking to a Simplegacy agent at 888-519-9119 or Calling AIG (Same Price)

AIG only offers what’s called Guaranteed Issue Life. This kind of policy has no health questionnaire, or any medical assessments and your acceptance is guaranteed no matter what. However, there is a 24 month waiting period before the policy will pay out a death benefit (The Same for all Guaranteed Issue Life). Should you pass during this time, AIG will refund 110% of premiums that you have paid during that time.
To get even more details, here is a link to our AIG Burial Insurance Review.

Age Female
$10,000
Male
$10,000
Female
$20,000
Male
$20,000
50 $35.83 $51.92 $69.66 $101.85
55 $39.86 $56.50 $77.71 $110.99
60 $45.14 $63.17 $88.27 $124.33
65 $54.51 $73.09 $107.02 $144.18
70 $70.41 $93.14 $138.83 $184.28
75 $95.82 $124.49 $189.63 $246.98
80 $135.12 $175.15 $268.25 $348.30
85 $204.20 $298.86 $406.41 $595.73

American Amicable

First Year In Business: 1910
Age Availability: 50-85
State Availability: All States Except CT, ME, MT, NH, NY, VT
How To Apply: Does not sell direct, must speak to a Simplegacy agent at 888-519-9119.

American Amicable’s probably has the most competitive bids when it comes to tobacco users. They are typically a much cheaper option for cigarette smokers relative to other carriers. They are one of very few companies that will still offer non-tobacco rates to individuals who smoke an occasional cigar or pipe.

Age Female
$10,000
Male
$10,000
Female
$20,000
Male
$20,000
50 $26.67 $31.65 $50.69 $60.65
55 $33.69 $40.04 $64.74 $77.43
60 $38.27 $47.06 $73.89 $91.47
65 $47.06 $59.75 $91.47 $116.85
70 $60.38 $78.79 $118.12 $154.94
75 $81.73 $108.02 $160.82 $213.39
80 $113.68 $155.83 $224.72 $309.01
85 $166.03 $221.32 $329.41 $439.99

To get the final expense insurance policy that’s best for you, you need to work with an experienced and independent agent/agency that has access to several insurance companies.

KEY POINTS TO REMEMBER

When you’re looking for an insurance plan, your entire health profile must be taken into consideration. Searching for the highest rated company is just one piece of the pie. Although there are many insurance companies that will give you a great deal on a final expense policy, you might have health conditions that could affect which insurance company will be the best fit for you.

In our experience, we’ve been able to help over 97% of our clients get approved for an affordable burial insurance policy that has no waiting period. This is because we work with lots of different burial insurance companies and understand the variables that go into finding a good match. The key is for you is to be up front about your health history/ conditions. The more we know, the more we can help you find options. We will use our expertise and thorough underwriting knowledge to make this as simple as possible. Call us now to speak with an agent further about getting coverage for you and your family.

About Simplegacy

Simplegacy works with 20+ insurance carriers. Not only will we find a company to work with you, we will find multiple. When we do, we can compare rates and impartially recommend whichever carrier will give you the best value. We are not tied to any single company, which gives us the ability to unbiasedly tell you what your best solution is. Since we only work in the Burial/Funeral/Final Expense Insurance category, you will never have to worry about being “cross-sold” or pushed into a solution that doesn’t make sense in the long run for you.

We are here to help you in any way we can. We will use every resource available to us in order to help you find the best policy that will work for you and your family. Our goal is to approach every scenario the way we would if it was our own family that we were planning for.

Call us at 888-519-9119 or fill out the quick quote form for an instant quote.

Facts & Tips For Burial Insurance:

  • Your coverage will never be cheaper than it is today.

  • The average funeral cost is between $9,000 and $15,000.

  • Work with an independent agent that represents multiple insurance companies.

TESTIMONIALS

Loved the service I recieved from Dominick at Simplegacy.  He was knowledgable and had answers to all my questions.

PENNY DANIELS

My husband and I each got a policy at what we feel is a fair price for our age.  Simplegacy was fair and professional.

MARGERET TINSDALE

I called in and got a burial policy.  Nick answered all my questions and didn’t pressure me at all.

ROSE JAMERSON

GIVE US A CALL

Monday-Friday 9:00am – 5:00pm
Saturday 9:00am – 5:00pm

GOT QUESTIONS?

Click the yellow chat icon on the bottom right of this screen.  One of our agents are happy to assist you.

Get an Instant Quote

Simplegacy is a licensed independent insurance agency that specializes in burial insurance. If you are under the age of 85, there is a 99% chance that we can get you an affordable burial insurance policy to cover your final expenses.

Get a Quote

Or call (888-519-9119)

Get an Instant Quote

Simplegacy is a licensed independent insurance agency that specializes in burial insurance. If you are under the age of 85, there is a 99% chance that we can get you an affordable burial insurance policy to cover your final expenses.

Get a Quote

Or call (888-519-9119)