Top 10 Final Expense Insurance Companies for Seniors 2025
- Silvia James
- June 16, 2025
- 11:20 am
Key Takeaways
- Final expense insurance covers end-of-life costs and is easier to get for seniors or those with health issues.
- Leading providers like State Farm, Mutual of Omaha, and Nationwide offer flexible plans with financial backing.
- Choose a provider by assessing coverage options, financial stability, reviews, and ease of application process.
Planning for the future is always a worrying job, but also one of the most loving things to do for your family. This is where final expense insurance quote-providing companies check in, offering financial security combined with peace of mind. The coverage that they provide helps pay off costs associated with funeral expenses, hospital bills, and leftover debts.
With too many options to choose from, deciding on the best final expense insurance companies can be a daunting task. But here’s the help you need for your selection process.
What Is Final Expense Insurance?
Funeral expense insurance is a form of permanent life insurance. As the name suggests, the cash benefit can typically be used to cover costs associated with funerals, burials, or other forms of end-of-life expenses. It may be referred to as burial or funeral insurance.
This type of insurance tends to be much easier to qualify for than typical life insurance and usually has a lesser payout, anywhere in the range of $2,000 to $50,000, making it ideal for older individuals or those with health complications since they rarely require a medical exam for eligibility.
Why Choose Best Life Insurance Companies?
These companies tend to cater to elderly people or those who cannot get normal life insurance. Their plans ensure that families will not be burdened by funeral bills, medical debts, or even other final expenses. The support from final insurance providers gives peace of mind to both the insured and their loved ones.
How You Can Evaluate the Top Insurance Companies
To get the most out of it, you should know how final insurance works. When you check final expense insurance companies, there are a few important things to look at:
- Product variety means the company offers different types of insurance and coverage levels.
- Financial strength shows how stable the company is. You can check this through ratings from agencies.
- Customer satisfaction depends on reviews and how many complaints the company gets.
- The buying process includes how easy it is to apply, get help from customer service, or use their website.
These things help make sure the company gives strong products and support when people need it the most.
Top 10 Final Expense Insurance Companies in 2025
The following are the top 10 final expense insurance companies you can choose for whole life insurance.
1. Final Expense Quoter
FinalExpenseQuoter.com brings you instant, no-obligation life insurance quotes tailored to your needs. With trusted providers and quick comparisons, securing financial relief for your loved ones is just minutes away. It covers funeral, cremation, and medical costs with a stress-free and streamlined process.
Pros
- Get personalized quotes in under 3 minutes
- Compare plans of top insurance providers
- Provides flexible coverage
Cons
- You might spend a few extra minutes comparing plans
Best For
Seniors aged 45–85 who want affordable, no-hassle coverage to protect their family from unexpected final expenses.
2. State Farm
State Farm ranks as one of the best funeral insurance companies with a MoneyGeek score of 99 out of 100. The company has been in business for more than a century and has an A++ AM Best rating, making it the best among all for financial stability and reliability.
State Farm also has a final expense insurance policy, which covers finances for funeral, burial, and other end-of-life expenses so that beneficiaries can use them comprehensively.
Pros
- Strong financial stability (A++ AM Best rating)
- Comprehensive product diversity
- Reliable claims process
Cons
- No 24/7 online chat support
- Guaranteed issue policies may have higher premiums
Best For
Individuals seeking a reputable, stable insurer with a long-standing history and comprehensive final expense coverage.
3. Mutual of Omaha
Mutual of Omaha is often referred to as the best overall final expense insurance provider, especially for its low rates and no waiting period for coverage. The insurer has both simplified and guaranteed issue policies, making it available to the majority of seniors, even those with health issues.
The amounts covered range between $2,000 and $25,000, and payments are made within 24 hours for most claims.
Pros
- Competitive rates and low premiums
- No waiting period for many applicants
- Strong financial ratings (A+ AM Best)
Cons
Graded death benefit for the first two years
Best For
Seniors are looking for affordable, quick-issue final expense insurance with a reputable company.
4. Nationwide
Nationwide is known for its easy purchasing process, with 24/7 online chat and a smooth application experience. With close to a hundred years in the industry, Nationwide offers a broad array of life insurance policies, including whole life insurance, and has high customer satisfaction ratings.
Pros
- Streamlined buying process
- High customer satisfaction
- Diverse product offerings
Cons
- Slightly lower financial stability score compared to top competitors
Best For
Those who value a hassle-free application process and strong customer support.
5. Progressive
Progressive is known for superior customer satisfaction, and it sells final expense insurance through its affiliated companies. Its online-first strategy enables applicants to obtain quotes online in less than a minute, and this makes it an easy choice for tech-oriented seniors.
Pros
- High customer satisfaction ratings
- Fast online quotes
- Wide range of products via partners
Cons
- Policies issued through affiliates
- Limited payment options
Best For
Customers who prioritize digital convenience and quick access to quotes.
6. Corebridge Financial (formerly AIG Life & Retirement)
Corebridge Financial excels in fast approval, with most applications processed within one to three days. Coverage amounts go up to $25,000, and policies are guaranteed issue, making them accessible for those with health concerns.
Pros
- Fast approval process
- Guaranteed acceptance
- Competitive rates
Cons
- Lower maximum coverage than some competitors
Best For
Applicants seeking quick coverage with minimal underwriting.
7. Aetna (CVS Health)
Aetna, under CVS Health, offers strong final expense insurance with broad eligibility and competitive rates. Known for its lenient underwriting, it accepts many pre-existing conditions without requiring a medical exam. Aetna holds an A rating from AM Best and is widely respected for its health and life insurance products.
The company’s final expense plan is simple, fast to issue, and offers up to $50,000 in coverage.
Pros
- Lenient health screening
- Fast issue and approval times
- A-rated financial strength
Cons
- Some coverage caps may be lower for older applicants
- No online quotes
Best For
Seniors with moderate health conditions who need flexible underwriting and fast policy issuance.
8. Transamerica
Transamerica is a well-established insurer that offers final expense insurance with coverage amounts up to $50,000. It boasts a strong AM Best rating of A, and its plans are especially beneficial for those who want higher benefit amounts.
The application process is straightforward, with both simplified issue and graded benefit options depending on the applicant’s health.
Pros
- High maximum coverage
- Trusted brand with national presence
- Competitive rates for younger seniors
Cons
- It can be more expensive for older applicants
- Lengthy underwriting for some policies
Best For
Seniors are looking for higher final expense coverage and brand reliability.
9. Great Western Insurance Company
Great Western Life Insurance Company provides guaranteed acceptance to applicants between 50 and 80 years old, with benefits from $2,000 to $40,000. Its plans offer a complimentary accelerated death benefit rider and the ability to insure dependent children or grandchildren.
Pros
- Guaranteed acceptance
- Competitive rates
- Unique riders and coverage options
Cons
- Graded death benefit for the first two years
Best For
Individuals with significant health challenges who need guaranteed issue coverage.
10. Liberty Bankers Insurance Group
Liberty Bankers Insurance Group provides a comprehensive solution, tying final expense insurance together with other financial products such as annuities and additional health coverage. The firm has a reputation for community involvement and customer service.
Pros
- Comprehensive financial solutions
- Strong client service
- Innovative product offerings
Cons
- Less brand recognition than larger competitors
Best For
Those seeking a one-stop shop for financial planning and insurance needs.
More Options, More Confusion
Selecting from the top final expense insurance companies is an important consideration to secure your loved ones from incurring the cost of end-of-life care. Final Expense Quoter, State Farm, Mutual of Omaha, Nationwide, and Progressive are at the forefront with excellent financial strength, customer service, and accommodation of different policy designs.
By thoroughly comparing final expense insurance quotes and their providers and taking into account your specific needs, you can secure the proper policy to give peace of mind to you and your loved ones.
FAQ's
Anyone aged 50 and above who wants to ease the financial burden on their loved ones should consider policies offered by final expense insurance companies. These plans are especially helpful for individuals without substantial savings or those who may not qualify for regular life insurance due to health conditions.
Most reputable final expense insurance companies, such as Mutual of Omaha, AARP/New York Life, and Lincoln Heritage, have strong financial ratings and decades of experience. It’s always a good idea to check a company’s rating with agencies like A.M. Best to ensure financial stability before purchasing a policy.
Final expense insurance companies typically offer coverage ranging from $2,000 to $50,000. The exact amount depends on the provider, your age, and the policy type you select. This amount is designed to cover funeral costs, medical bills, and any remaining debts at the end of life.
