On average, most final expense insurance plans have a face amount cap of around $50,000 but this all depends on your age and your current state of health. Some of the top final expense insurance companies offer coverage amounts higher than this, although rare.
A great attribute of final expense insurance is that even seniors with pre-existing health conditions can qualify without having to be asked medical questions or take a medical exam.
When doing your research, it’s important to know there is no “one size fits all” final expense insurance plan. The top final expense insurance companies have a plan that’s right for you, it’s just important to correctly weigh your options. The plan your brother, spouse or neighbor has may not be the best plan for you.
Here are a few things you should keep in mind when shopping for final expense insurance:
As you’ll see in our review below, each insurance company has different requirements. This doesn’t mean you’ll pay more because you have a certain condition or the form of payment you choose to use, it’s just that each carrier views these things different.
On average, final expense insurance can cost between $40 and $75 per month per $10,000 in coverage, with the best final expense companies sometimes offering monthly premiums that are even less than this.
It takes minutes to apply and some of the top insurance carriers don’t even ask you medical questions.
The top insurance carriers we recommend will offer you plans with no waiting periods and face values from $1,000 to $50,000.
Our Top 5 best final expense companies include:
We purposely don’t work with companies like:
These companies tend to leave seniors misled, under insured and over paying.
CVS Health takes our top spot on this list of the best final expense companies due to it’s flexible underwriting, competitive pricing and reputation paying claims quickly.
What we LOVE about CVS Health/Aetna is:
Prosperity comes in at #2 on our list of the top final expense companies due to it’s payment flexibility, budget friendly pricing and .
What we LOVE about Prosperity is:
Americo comes in at #3 on our top final expense companies list, but for Tobacco users, this could be your top option.
What we LOVE about Americo is:
AIG comes in at #4 on our list of the top final expense companies. It’s the go to guaranteed issue carrier offering budget friendly premiums and accepts all forms of payment.
What we LOVE about AIG is:
Mutual of Omaha comes in at #5 on our best final expense companies list, offering a competitively priced and well-known product.
What we LOVE about Mutual of Omaha is:
All 5 of these carriers are rock solid options and the top option for you with depend on your medical conditions, form of payment and your Tobacco use.
If you need any assistance and would like to speak to one of our licensed advisors, give us a call at 1-866-311-4338.