Top 10 Best Burial Life and Final Expense Insurance Companies

When looking for the best whole life final expense insurance or burial insurance we believe that it is imperative that you choose a company that specializes in the niche area of final expense whole life insurance.

Choosing the best burial life insurance company

The following carriers, in our opinion, have shown themselves to be the best companies for final expense whole life insurance. We’ve chosen to list the companies alphabetically rather than in a particular order because in our opinion no one company on this list is “The Best”.

The right company for you may not be the right one for someone else because there is no one size fits all company, which is why we look at it as our job to help you differentiate between all the companies so you can make an informed decision that is right for you and your family.

The Best Final Expense Life Insurance and Burial Insurance Companies

  1. AIG;
  2. Americo;
  3. American National;
  4. Assurity;
  5. Foresters;
  6. Gerber;
  7. Mutual of Omaha;
  8. Sagicor;
  9. Transamerica;
  10. United Home Life

When looking for the best whole life final expense insurance or burial insurance we believe that it is imperative that you choose a company that specializes in the niche area of final expense whole life insurance.

Final expense insurance vs. burial life insurance

Before we can expand on why these companies are some of the best in the industry, it is important to get some definitions out of the way so you can choose the best one for your needs. First, let’s define burial insurance and final expense insurance.

Jump to our list of best final expense and burial insurance companies if you’re ready to compare.

What is burial life insurance?

Burial insurance is a small whole life policy ranging from $5,000 to $25,000 in which the death benefit’s primary purpose is to cover burial or funeral home expenses. The policy pays out a lump sum death benefit to the beneficiary upon the death of the insured. Some companies market burial insurance as pre-need insurance, which are typically small whole life policies with an increasing death benefit.

What is final expense insurance?

Final expense insurance is a small whole life insurance policy ranging from $5,000 to $25,000 where the primary purpose of the lump sum death benefit payout is to cover burial expenses, such as a grave marker and cemetery plot, and other final expenses, such as any outstanding debts that are not forgivable upon death.

Note that there are also funeral insurance policies that name the funeral home as the beneficiary. But we would recommend you name a family member you trust as your burial insurance beneficiary. The last thing you want is to die and have the funeral home be out of business or overcrowded.)

Understanding the difference between final expense insurance and burial insurance

The biggest difference between final expense insurance and burial insurance is that final expense insurance typically includes final expenses in addition to the cost of a burial. Whereas, burial insurance, also known as a funeral insurance policy, typically is strictly for the cost of paying for a funeral and nothing more. Generally, most people want enough to cover burial and final expenses.

Contrast this with those considering between life insurance or prepaid funeral plans. Burial and final expense insurance policies are typically cash value whole life insurance. Alternatively, a prepaid funeral plan is a contract between the funeral parlor and the individual. A prepaid funeral plan is not individual life insurance.

Top 10 Final Expense Whole Life Insurance and Burial Insurance Companies

AIG – Guaranteed Issue Whole Life

Guaranteed Issue Whole Life

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American General made a big splash on the final expense insurance scene in 2017 with the introduction of its new Guaranteed Issue Whole Life policy. You can now get life insurance from AIG that requires no health questions or medical exam.

The policy is available for ages 50-85, for coverage up to $25,000. It is a graded death benefit policy, paying 110% of premiums if the insured dies in the first two years, and the full death benefit payout in the third year. The payor on the policy can be someone other than the insured, making it a great life insurance for parents policy, if you want to make sure your parent has life insurance coverage but they cannot afford the premiums.

Read more in our AIG Life Insurance Company Review.

Americo – Ultra Protector Series

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Americo offers various whole life products to help with final expenses and burial costs for applicants ages 50-85. The burial policy offers guaranteed level premiums and coverage cannot be canceled due to health or age. Face amounts range from $2,000 to $30,000.

Accelerated Benefit rider is available on Ultra Protector I and II allowing up to 50% of face amount to be paid to the insured if he or she is diagnosed with a terminal illness. Ultra Protector I and II are simplified issue and do require the applicant to pass a health screening involving health questions and height and weight requirements.

Read more in our Americo Life Insurance Company Review

American National Strategy Whole Life

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American National offers level, graded and modified death benefit plans. Face amounts range from $2,000 to $50,000 for level, and to $25,000 for graded and modified death benefit plans. The policy builds cash value that can be borrowed against and there is a terminal illness rider on all polices with face amounts of $25,000 or greater.

Read more in our American National Life Insurance Company Review

Assurity Simplified Level Benefit Whole Life and Graded Benefit

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Assurity is a top no medical exam company. The company’s simplified level benefit plan is a great option for those looking for an affordable burial or final expense whole life insurance policy. Assurity’s whole life product provides whole life coverage that starts from day 1. Up to age 65 the face amount offered is between $5,000 to $50,000. From 66 to 80 the face amount offered is $5,000 to $25,000.

Premiums and face amount stay the same for the life of the policy. The product is simplified issue permanent life insurance so there are some health questions that need to be answered. Assurity is a great option for people looking for a permanent final expense policy or burial insurance policy who are somewhat healthy (i.e. not currently being treated for cancer, heart disease, or liver disease).

Assurity Simplified Issue Whole Life Insurance Quotes

All sample quotes are based on a standard health class 50 year old male as of February 2017. Rates are subject to change and are for comparison purposes only.

Age $25,000 $50,000
50 $68 $135
55 $82 $162
60 $100 $199

All sample quotes are based on a 50 year old female as of February 2017. Rates are subject to change and are for comparison purposes only.

Ages $25,000 $50,000
50 $60 $118
55 $70 $138
60 $83 $164

Read more in our Assurity Life Insurance Review

Foresters PlanRight Whole Life

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Foresters is one of our picks for the best life insurance in the U.S. The company’s PlanRight product is a simplified issue final expense insurance policy offered from Foresters. Since it is simplified issue there are some health questions involved.

The product is priced well for those who can qualify, making it one of the most affordable final expense insurance companies. And the good news is the underwriting guidelines are very liberal so many clients can qualify.

As a result, the PlanRight Whole Life product from Foresters makes an excellent final expense or burial insurance choice. The Policy is available for ages 50-85 with a maximum face amount of $35,000 to age 80 and $15,000 for applicants 81-85 year old.

Read more in our Foresters Life Insurance Company Review

Gerber Life Guaranteed Life

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Gerber offers an excellent guarantee issue whole life policy for clients with serious health issues looking to secure cheap final expense insurance or burial insurance with no questions asked, no exams, no blood draws and no urine samples. The coverage is available for ages 50-80 for face amounts ranging from $5,000 to $25,000.

Premiums are fixed for the life of the policy, and there is a cash account that accumulates cash value and can be used to pay premiums for a period of time or borrowed against. This is 2 year graded benefit life insurance policy. If the insured dies due to an accidental death the full face amount will be paid due to the accidental death benefit, which pays out from the policy issue date. However, if the insured dies from a natural cause during the first two years of the burial policy, the beneficiary will receive all premiums paid plus 10%.

Gerber offers some of the best burial insurance for seniors. Often, those looking for life insurance on someone else, such as a parent or grandparent will find that Gerber is a great fit.

Sample Gerber Guaranteed Issue Final Expense Life Insurance Quotes

Sample guaranteed issue quotes are based on a male age 50 as of February 2017. Rates subject to change and do not reflect what you may or may not pay.

$5,000 $10,000 $15,000 $20,000 $25,000
$19 $38 $57 $75 $94

Sample guaranteed issue quotes based on a female age 50 as of February 2017. Rates subject to change and do not reflect what you may or may not pay.

$5,000 $10,000 $15,000 $20,000 $25,000
$14 $28 $41 $55 $68

Read more in our Gerber Guaranteed Life Insurance review

Mutual of Omaha Living Promise

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Available for ages 45-85, United of Omaha Life Insurance Company offers a great level benefit policy. This is a whole life burial or final expense insurance policy that builds cash value. Face amounts range from $2,000 to $40,000.

This is not guaranteed acceptance. There is a background check including the medical information bureau (MIB) and prescription drug database.

The insurance comes with an accelerated death benefit rider which pays out early if the insured is diagnosed with a terminal illness and given less than 12 months or if the insured is confined to a nursing home for more than 90 days and is expected to remain confined for the duration of the insured’s life. If you need cheap burial life insurance that builds cash value and offers some unique riders, this is a great choice.

Read more in our United of Omaha Life Insurance Review

Sagicor Sage NLUL Standard

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Sagicor offers an excellent simplified issue universal life product for ages 18-65. Ages 66-85 will need to be fully underwritten in order to qualify. Sagicor’s No Lapse Universal Life is available on face amounts at or above $25,000.

Sagicor is an excellent choice for an affordable final expense insurance because the company offers various health classes including preferred, standard and rated up to table 8. An Accelerated Benefit Insurance Rider covering terminal illness or chronic illness is included at no additional cost.

Read more in our Sagicor Life Insurance Review

Transamerica Immediate Solution Standard

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Offering level premiums to age 121 for applicants up to age 85, Transamerica is another fine choice when looking for an affordable final expense or burial whole life insurance. This policy has a minimum face amount of $1,000 and a maximum up to $50,000 for applicants age 55 and under, $40,000 up to age 65, $30,000 up to age 75, and $25,000 up to age 85. That is why this is a great final expense product for older applicants who need a bit more coverage.

Sample Transamerica No Exam Whole Life Insurance Quotes

All quotes are based on a 50 year old male at a standard rate as of February 2017. Rates are for informational purposes only and are not a guarantee of what your rate will be.

Face Amount 10 Year 15 Year 20 Year 25 Year 30 Year
$25,000 $11 $12 $14 $18 $21
$50,000 $20 $22 $26 $34 $40
$100,000 $26 $31 $36 $58 $63

Read more in our Transamerica Life Insurance Review

United Home Life Express Issue Premier

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Issue ages for this simplified issue product are from age 20-80. Face amounts range from $5,000 to $100,000 through age 60 and $5,000 to $50,000 through age 80, making it a great burial insurance for seniors option. This is a cheap final expense product for healthier applicants, such as type II diabetics non-insulin dependent.

Sample United Home Life Express Issue Premier Final Expense Life Insurance Quotes

Sample quotes based on a standard male age 60 as of February 2017. Rates subject to change and are for demonstration purposes only.

$5,000 $10,000 $25,000 $50,000 $100,000
$24 $44 $105 $206 $407

Sample quotes based on a standard female age 60 as of February 2017. Rates subject to change and are for demonstration purposes only.

$5,000 $10,000 $25,000 $50,000 $100,000
$19 $35 $82 $159 $315

For more, see our article: United Home Life Insurance Company Reviews.

Honorable Mention

The following company almost made the list but was just slightly edged out:

Vantis Life Insurance Company offering burial whole life insurance at highly competitive rates.

What to look for in a final expense insurance or burial life insurance company

We feel that the key to finding the best final expense whole life insurance or burial insurance company is (1) work with an independent insurance agent, and (2) know how to read between the lines. All too often a company will seemingly offer everything under the sun only to have too many restrictions or clauses once you read the fine print.

For us here at TermLife2Go, the best final expense whole life insurance or burial insurance companies are those that are (1) top rated, (2) competitively priced, (3) that offer a fixed premium, (4) for a fixed price, (5) for the rest of your life.

Why choose Burial Insurance or Final Expense Insurance?

Typically, the reason someone buys final expense insurance or burial insurance is twofold:

(1) the potential insured has no coverage and some pre-existing condition is preventing them from buying a conventional life insurance policy.

(2) The potential insured desires to leave money behind so that family or friends have a way to provide a proper burial.

A funeral and burial is expensive. And even if you don’t let the funeral director up-sell you on additional services, the average funeral expense and burial costs run anywhere from $6,000-$10,000. Cremation will run between $3,000-$5,000. So you should consider a minimum of $5,000 to have the proper insurance coverage.

Plus, there are additional fees when wrapping up an estate, such as paying off any secure creditors. And the alternative to having money for a proper burial is not pretty. Either a family member will have the financial burden of shelling out the money, your body will be donated to science, community donations, GoFundMe campaigns, etc…

What type of final expense life insurance is best for me?

This is a great question. The reality is the best final expense insurance is the one you can qualify for, that will last your whole life. You have two main choices for whole life burial or final expense insurance: simplified issue and guaranteed issue.

Simplified issue: these policies ask health questions and some conduct background screenings such as checking the medical information bureau and prescription database. If you can pass the health questions and/or background check this type of policy is a less expensive alternative to guaranteed issue.

Guaranteed issue: No exam, no health questions, everyone between the ages 50-80 can qualify. However,if you are looking for the most affordable burial insurance or final expense, this might not be the best choice. Why? Premiums will generally be higher on guaranteed issue life insurance because the risk to the company is higher.

Beware of Graded Premium Whole Life

A Graded Premium Whole Life Insurance Policy (as opposed to a Graded Death Benefit) starts out with a very low premium that increases over a period of time. The problem with graded premium life insurance is the premium can increase substantially, which puts a strain on your budget.

As the premium increases, many policy owners are forced to let the policy lapse, thereby losing their coverage. Rather, choosing fixed premium whole life insurance for final expense or burial insurance is a better route since the premiums do not change for the entire policy.

Beware of Term Life Masquerading as Final Expense Insurance

Final expense insurance needs to be permanent life insurance, specifically whole life, otherwise don’t waste your time and money. There are certain companies out there that market to seniors that are offering term life, rather than whole life.

The major problem is the term policy will increase in premiums every five years. Further, the term life insurance policy ends at a specific age, such as age 80.

So what end up happening is you buy the policy thinking it is permanent, only to find out your premiums are going up and that it ends at age 80. Or worse yet, you don’t find it out until your policy expires and you end up wasting all your money on a temporary policy.

Choose an agency that can shop final expense insurance companies for you.

In our opinion the key to finding the best final expense company is to choose an agency with knowledgeable final expense insurance agents that can impartially search through the best life insurance companies to find you the life insurance coverage that is the best fit for your specific health and lifestyle.

About TermLife2Go

Our primary goal is to help you secure the coverage necessary, so that you can get on with your life, with the peace of mind knowing your family will not be left with unnecessary financial hardship, due to your advanced planning.

So, what are you waiting for?  Give us a call today and see what we can do for you!

Thank you for reading our article, Top Ten Best Final Expense Whole Life Insurance and Burial Insurance Companies. Please leave any questions or comments below.

47 comments... add one
  1. Marlene L. Schell

    Need life insurance information for a 67 year old female….please mail to:
    ML SXXXl
    Phoenix, OR 97535

    Thank You

  2. janet smith

    need to find what type of insurance i need for my mother she just turned 85 help is good but these days you never know. I want the type that will pay if she dies the same week i get a policy. Can you help me.

    • TermLife2Go

      Unfortunately we simply don’t have any life insurance companies that we represent that will write new life insurance policies for those over 85 years of age. You may want to try “Googling” life insurance over the age of 85 and see if their are any other insurance companies that may be able to assist you.



  3. Zromdia Parks

    Looking for burial Insurance for my dad who might be in his last stage idk looking for something ASAP with no waiting.

  4. Francis

    My partner of 9 years diagnos with cirrhosis due to alcohol . Is there a slim chance for life insurance I’ve tried a few companies but denied. If your company can’t any way to lead me in right direction ? I want a no waiting period he is 41 year old . Just worried I pray nothing happens but you never know I want to be prepared.

    • TermLife2Go


      The cost will largely depend on your age and how much coverage you are looking for.

      As for “how much does it go up to?” we’re not 100% sure what you are asking here so please direct this question to the agent who will be emailing your shortly.



  5. Dora

    I want to have burial insurance before I have my ovarian cysts removed.
    Don’t want to be a burden to my children if I don’t make it through the surgery.

    Please help!

    • TermLife2Go


      Most life insurance companies (if not all) will want to postpone providing coverage to someone who has an up coming surgery planned.

      Now there are guaranteed issue life insurance policies which will not ask any medical questions or require you to take a medical exam, however these “types” of life insurance policies will contain a GRADED DEATH BENEFIT which will limit when your guaranteed issue life insurance policy will begin covering you for natural causes of death (typically 2 to 3 years after beginning your guaranteed issue life insurance policy).

      So, unfortunately we’re not sure if we would have a policy available to you right now that would meet your needs.

      Why don’t you give us a call when you have a chance so that we can learn more about your situation and see if we can’t come up with a solution.



  6. Janetta

    Need insurance diagnosed with kidney failure on dialysis. Need life insurance to help pay funeral expenses and leave money for my children. PLEASE HELP!!!

    • TermLife2Go


      We’ll have an agent reach out to you so that we can determine what your options might be.



    • TermLife2Go


      You should receive an email from one of our agents shortly with all of their contact information.

      Thank you,


  7. Jerry

    Looking for a Whole Life insurance for my mother who is 62 years old. She is fine with taking a medical exam if needed. Looking for the best and most reliable life insurance. Please help.

    • TermLife2Go


      We’ll have an agent reach out to you shortly so that we can learn more about how much insurance you’re looking for.



  8. mindy

    My husband was just diagnosed with stage 4 terminal esophageal cancer, he is 48 years old. Life expectancy on average per the MD is 2 years. We are in need of purchasing life insurance as he was part of a union and had life insurance through them but his company closed so he does not have that insurance any longer and is unable to work. Help! Thank you

    • TermLife2Go


      We’ll have an agent reach out to you shortly so that they can provide you with some options for you and your husband to consider.



  9. Sharon O

    I’m looking to purchase burial expensive and bills for my mom she is 76 yrs old non smoker widowed what would be best for her

    • TermLife2Go


      We would need to ask you a few additional questions before we would know which insurance company might be the “best” for your mother. So when you have a chance, just give us a call and we’ll do our best to help you out.



  10. JimC

    It seems simple enough that you could furnish some typical examples without having to speak with a salesman.

    • TermLife2Go


      We don’t know:

      – How much insurance you are looking for?
      – How old you are?
      – If you have any pre-existing medical conditions?
      – What state you live in?
      – Etc, etc…

      Life insurance is not something you can simply go out and buy, it’s something that you need to qualify for. This is why we would need to speak with you.



  11. Anita K

    I am looking to get funeral and burial insurance for my sister. She turned 62 in December and has pancreatic cancer. If a coverage is purchased how long does it need to be in force to pay out full face value?

  12. Dennis H

    I am a license agent in the state of Virginia and have non residents license in 8-14 other states. Life, Health and Annuities. I would love to broker some of the companies that are mentioned in the articles here. Who do I need to call or is there need to contact these companies separately?

    • TermLife2Go


      Each of these companies will have different criteria that will need to be met prior to being able to offer their portfolio. Your best bet will be to give them a call directly and see exactly what you will need to do in order to be able to write business for them.



    • TermLife2Go


      While it is possible to qualify for a traditional term or whole life insurance policy after you’ve been diagnosed with cerebral palsy, having been diagnosed with cerebral palsy will certainly make that process much more difficult. That being said however, we would love to give it a try!

      So… just give us a call when you have a chance and we’ll see what we can do. You may also be interested in our article concerning life insurance and cerebral palsy which can be found at:



  13. michael

    what if any medical testing is required for the MOO living promise FE insurance. Any online applications or paper apps?

    • TermLife2Go


      For the MOO living promise FE insurance, there aren’t any “medical testing” requirements needed in order to qualify, and while there may be a paper application available, we prefer to handle everything electronically.

      If interested in pursuing this option for yourself or a loved one, feel free to give us a call.



  14. katissa bush

    Looking for some insurance for my family I’m 36 and my son is 21and my daughter is 16 and my son is 15 and my baby 11 1/2 months so can y’all help us

    • TermLife2Go


      We’d be happy to help you out, why don’t you just give us a call when you have 5 or 10 minutes to talk and we’ll go through all your options with you.



    • TermLife2Go


      If you need help, just give us a call and we’ll see what we can do.



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