Speak to a Licensed life insurance agent. Monday - Friday 8:00 a.m. - 5:30 p.m. CST   855-400-7766

AQ Circle4.jpg


Are you worried about finding the BEST insurance carrier?  Not everyone agrees as to which carrier is the best— so which insurance company REALLY is? The answer below may surprise you.

In this article, we'll give you an honest take on that question and more.

Elderly Man Thinking





























































































































































Insurance Agent
First Place Award
Thinking of Ideas
Woman Thinking
Insurance Woman Smiling

What Is A Final Expense Policy Exactly?

Final Expense insurance aka burial or funeral insurance is a whole life insurance policy with a smaller death benefit, and is easier for you to get approved for, than traditional whole life insurance.

The policies pay out the benefit money to your beneficiary typically within 48 hours which makes them ideal for funeral, burial, cremation, and end of life expenses.

The price of the policies are locked-in for life and never increase, the benefit money will always be there as long as the premiums are paid, and you can never be dropped due to health conditions.


They're also called 'Simplified Issue' meaning you don't have to undergo a medical or physical exam to be approved for the policy.


Each insurance carrier will charge you differently for various health conditions. While one company may charge you for having a specific health condition, another company will NOT charge you extra.

Here is an example – a person with COPD could be denied or could be given a 2-year waiting period, or could be given immediate coverage.

That's why it's important to speak with an insurance brokerage (like AffinityQuotes!) to make sure you have lots of available options.

What Types Of Insurance Programs Are Available?

There are typically three (3) main policy types offered by any given insurance carrier:

Level (or Preferred) Benefit: The lowest-cost option with coverage that begins immediately.


Graded (or Modified) Benefit: This option has higher premiums than a Level Benefit AND a delayed payout during the first 2-3 years, depending on the insurance carrier.


Guaranteed Issue (GI) benefit: The highest-priced option that comes with a 1-2 year waiting period on the benefit payout, depending on the insurance carrier.

Graded and Guaranteed Issue (GI) plans cost more than Level plans and comes with a waiting period. The length of the waiting period depends on your health conditions and the company you're applying to, but a 1-2-year wait is the most common.

The beauty of these programs is that nobody can be denied a policy, and the benefit amounts range from $2,000 - $40,000.

Here's What You Need To Know

And The Best Insurance Carrier Out There Is...

The #1 Final Expense insurance company is... the one that BEST fits YOU and YOUR needs!

With insurance companies there are NO one-size-fits-all companies, so the company that is great for one person may not be the best for another.


People often rate insurance companies in terms of pricing and/or their underwriting (risk assessment) guidelines, but the company that is lowest for one individual may not be the lowest option for another.

Consider this scenario:

Mrs. Jones wants a $10,000 burial policy to pay for her end-of-life expenses. She is 66 years old, lives in Iowa, and has COPD (Chronic Obstructive Pulmonary Disorder).


Her neighbor, Mrs. Sanchez, also 66 years old, is a diabetic on insulin, but doesn't have any diabetic complications.


Will they pay the same cost or monthly premiums? No, they won't. Mrs. Jones will pay $52.48 a month (MUTUAL OF OMAHA), and Mrs. Sanchez will pay $40.79 a month with (LIFESHIELD NATIONAL INSURANCE CO.)


These figures come from out of nearly 3 dozen insurance carriers, and currently represent the lowest costs available. Their pricing is dependent on their age and their health conditions and both factors determine the policy type and the cost they will pay.


How To Find The Insurance Carrier Right For You

When applying for an insurance policy, here are five (5) key factors you want to make sure your policy does for you:


  1. Your monthly rates are locked in for life.

  2. The policy is guaranteed never to expire.

  3. The benefit amount is guaranteed to never decrease.

  4. The policy builds cash value (you can potentially borrow from in an emergency).

  5. Comes with an *Accelerated Death Benefit Rider (usually added free-of-charge).


An *Accelerated Death Benefit Rider is also called a Living Benefit. It's money that can be withdrawn from your insurance benefit that can used in cases where the insured has a Chronic, Critical, or Terminal Illness diagnosis, depending on the carrier.

What Makes A Good Final Expense Life Insurance Company?

A good Final Expense life insurance company is one that has a proven track record and is financially stable. Financially strength ratings for life insurance companies are readily available through ratings agencies like A.M. Best http://www.ambest.com.


When shopping for a policy, it's also wise to use an insurance  brokerage that compares prices with multiple carriers to get you the best priced product for you and your particular case. 


Ultimately, a good Final Expense life insurance company is one that has been around for awhile, is financially stable, and offers YOU the best price. Companies with durability lends to their credibility and helps give a sense of well-being that they will continue to be there to protect your loved ones when you're no longer around.

Another way to evaluate an insurer is to look at their customer satisfaction scores. You can get an indication of a company's reputation through customer complaints filed with state regulators, which you can search at on the National Association of Insurance Commissioner's https://content.naic.org.

In the end, all life insurance companies will offer you different premiums based on your age and health conditions, so it's important to look at as many companies as possible to find the one that is right for you.

How Can AffinityQuotes Assist?

If you're looking for a life insurance policy, we can determine if you need a Level, Graded, or Guaranteed Issue policy and then find the BEST insurance carrier for you.

Here’s why we believe that…

We're an independent agency representing many different insurance carriers. We're not obligated to any one carrier which gives us the freedom to shop the best deal for YOU.

AffinityQuotes shops dozens of insurance carriers to find the one that will accept you based on your specific situation.

Call 855-400-7766 to see what a licensed AQ agent can do for you.

We'll happily answer all your questions for you at no-cost.

Leave A Reply

Thanks for submitting!

AQ Circle4.jpg

945 McKinney St.

Suite 562

Houston, TX 77002


Monday - Friday

8:00 a.m. - 5:30 p.m. CT



Privacy Policy | Legal

Licensed name varies by state: AffinityQuotes Insurance Services, AffinityQuotes Insurance Agency. © 2021 AffinityQuotes Insurance Services. All rights reserved. Your plan could vary depending on your age, health. Not available in all states.

Best’s Credit Ratings™ are under continuous review and subject to change and/or affirmation. For the latest Best’s Credit Ratings™ and Best’s Credit Reports (which include Best’s Credit Ratings™), visit the A.M. Best website at ambest.com. See Guide to Best’s Credit Ratings™ for explanation of use and charges.” “Best’s Credit Ratings™ reproduced herein appear under license from A.M. Best and do not constitute, either expressly or implicitly, an endorsement of AffinityQuotes or its recommendations, formulas, criteria or comparisons to any other ratings, rating scales or rating organizations which are published or referenced herein. A.M. Best is not responsible for transcription errors made in presenting Best’s Credit Ratings™. Best’s Credit Ratings™ are proprietary and may not be reproduced or distributed without the express written permission of A.M. Best Company.” A Best’s Financial Strength Rating opinion addresses the relative ability of an insurer to meet its ongoing insurance obligations. It is not a warranty of a company’s financial strength and ability to meet its obligations to policyholders. View our Important Notice: Best’s Credit Ratings for a disclaimer notice and complete details at http://www.ambest.com

AIG Companies policies issued by American General Life Insurance Company (AGL). Issuing company AGL is responsible for financial obligations of insurance products and is a member of American International Group, Inc. (AIG). AffinityQuotes Insurance Services has no control over rates, and our plans vary depending on your age, health, and issuing company. Not available in all states.