Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide you with the ...

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Written by Jeffrey Manola
Founder & Licensed Agent Jeffrey Manola

Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years Leslie Kasperowicz

UPDATED: May 13, 2022

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  • Burial and final expense insurance offers a smaller death benefit to cover the cost of funeral expenses
  • Burial insurance companies have different restrictions on age, policy type, and the coverage amount
  • Mutual of Omaha, Transamerica, and United Home Life offers the best rates and coverage for the broadest range of policyholders

Shopping for life insurance is vital to establishing financial stability for your loved ones. Choosing the best burial or final expense insurance policy could be a cost-effective way to protect your family’s finances.

This article overviews what burial insurance is when to buy it, and the best burial insurance companies, so you’ll know where to go to find an affordable policy to protect your family.

What is the best-rated burial insurance company?

Often, burial insurance can be a more affordable life insurance policy option commonly used by older adults. The best company for any life insurance product varies depending on your situation. For example, your budget, debts, age, and health can affect your life insurance rates.

With many variables to consider, it’s crucial to analyze several policy options to ensure you get the best rate from a reputable company. Nobody wants to overpay for life insurance.

Below, we highlight our top 10 burial insurance companies to help make your decision a little easier.

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Top 10 Final Expense Insurance Companies

The best burial insurance companies have strong financial ratings, few age restrictions, and flexible coverage. Below, you’ll see TopQuote’s top 10 burial insurance companies based on those factors.

Top 10 Best Burial Insurance & Final Expense Life Insurance Companies
Burial CompaniesTopQuote RatingAM Best RatingPlan NameEligible AgesDeath Benefit TypesCoverage Amounts
AIG⭐️⭐️⭐️AGIWL50 to 80Guaranteed Issue$5,000 - $25,000
American Continental (Aetna)⭐️⭐️⭐️⭐️AFinal Expense Whole Life45 to 89Level, Graded & Modified$3,000 - $35,000
American Amicable⭐️⭐️⭐️⭐️AGolden Solution50 to 85Level, Graded & ROP$2,500 - $35,000
Americo⭐️⭐️⭐️⭐️AUltra Protector50 to 85Level & Graded$2,000 - $30,000
Foresters⭐️⭐️⭐️⭐️A+PlanRight50 to 85Level, Graded & Modified$2,000 - $35,000
Gerber⭐️⭐️⭐️AGuaranteed Life50 to 80Guaranteed Issue$5,000 - $25,000
Mutual of Omaha⭐️⭐️⭐️⭐️⭐️A+Living Promise45 to 85Level & Graded$2,000 - $40,000
Royal Neighbors⭐️⭐️⭐️A-Simplified Issue WL50 to 85Level & Graded$5,000 - $25,000
Transamerica⭐️⭐️⭐️⭐️⭐️A+Final Expense Solutions0 to 85Level & Graded$1,000 - $50,000
United Home Life⭐️⭐️⭐️⭐️⭐️A-Express Issue WL20 to 80Level, Graded & GI$2,000 - $100,000
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Each company received a rating based on its A.M. Best Rating, issue ages, coverage amounts, and costs for healthy non-smokers. Below, we’ve highlighted each company’s policy details, ratings, pros, and cons.

AIG

⭐️⭐️⭐️ – TopQuote Rating

Company: AIG

Established: 1919

A.M. Best Rating: A

    • Plan Name: Guaranteed Issue Whole Life
    • Issue Ages: 50 to 85
    • Type of Coverage: Guaranteed Acceptance
    • Coverage Amounts: $5,000 to $25,000
  • Pros
  • Same-day approval in most cases
      • Terminal illness rider included
      • Guaranteed approval
  • Cons
    • Full death benefits unavailable for three years
    • Unavailable in New York
    • Costly when compared to competitors

For additional information, check out our AIG Life Insurance Review.

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Aetna

⭐️⭐️⭐️⭐️ – TopQuote Rating

Company: Aetna

Established: 1850

A.M. Best Rating: A

    • Plan Name: Final Expense Whole Life Insurance
    • Issue Ages: 45 to 89
    • Type of Coverage: Level, graded, and modified
    • Coverage Amounts: $3,000 to $35,000
  • Pros
      • Multiple death benefit options (level, graded, or modified)
      • Flexible coverage amounts
      • Wide availability by age
  • Cons
    • Not available in numerous states (California, Connecticut, Washington D.C., Hawaii, Maryland, Maine, New York, Vermont, and Washington)
    • May not always offer the full death benefit immediately
    • Maybe unaffordable for younger policyholders

For additional information, check out our Aetna Life Insurance Review.

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American-Amicable

⭐️⭐️⭐️⭐️ – TopQuote Rating

Company: American-Amicable

Established: 1910

A.M. Best Rating: A

    • Plan Name: Golden Solution Plans
    • Issue Ages: 50 to 85
    • Type of Coverage: Level, graded, and ROP
    • Coverage Amounts: $2,500 to $35,000
  • Pros
      • Flexible coverage amounts
      • Multiple death benefit options (Level, graded, or modified)
      • Multiple riders available
  • Cons
    • Average issue age range
    • May not offer an immediate death benefit
    • Not available in all states (Maine, Montana, New Hampshire, and New York)

For additional information, check out our American Amicable Life Insurance Review.

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Americo

⭐️⭐️⭐️⭐️ – TopQuote Rating

Company: Americo

Established: 1946

A.M. Best Rating: A

    • Plan Name: Ultra Protector Series
    • Issue Ages: 50 to 85
    • Type of Coverage: Level, Graded, and ROP
    • Coverage Amounts: $2,500 to $35,000
  • Pros
      • Flexible coverage amounts
      • Death benefits can be available immediately
      • Affordable for most ages
      • Policy availability for those with health concerns
  • Cons
    • Complex policy types
    • Policy restrictions by state

Americo is a burial and final expense insurance specialist with a wide variety of policies.

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Foresters

⭐️⭐️⭐️⭐️ – TopQuote Rating

Company: Foresters

Established: 1874

A.M. Best Rating: A+

    • Plan Name: PlanRight
    • Issue Ages: 50 to 85
    • Type of Coverage: Level, graded, and modified
    • Coverage Amounts: $2,000 to $35,000
  • Pros
      • Multiple death benefit options (Level, graded, and modified)
      • Flexible coverage amounts
      • Affordable for most ages
      • Available in all states
  • Cons
    • May not get immediate coverage
    • Average issue age range

For additional information, check out our Foresters Life Insurance Review.

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Gerber Life

⭐️⭐️⭐️ – TopQuote Rating

Company: Gerber

Established: 1967

A.M. Best Rating: A

    • Plan Name: Guaranteed Life
    • Issue Ages: 50 to 80
    • Type of Coverage: Guaranteed Acceptance
    • Coverage Amounts: $5,000 to $25,000
  • Pros
      • Guaranteed acceptance
      • Easy application
      • Accessible for people with health concerns
  • Cons
    • More expensive than most competitors
    • Unavailable for some older adults
    • Lower coverage amounts
    • Death benefits are not immediately available

Gerber provides various juvenile and family life insurance policies.

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Mutual of Omaha

⭐️⭐️⭐️⭐️⭐️ – TopQuote Rating

Company: Mutual of Omaha

Established: 1909

A.M. Best Rating: A+

    • Plan Name: Living Promise
    • Issue Ages: 45 to 85
    • Type of Coverage: Level and graded
    • Coverage Amounts: $2,000 to $40,000
  • Pros
      • Available to a wide range of ages
      • Flexible coverage amounts
      • Death benefits can be immediately available
      • One of the most affordable options available
      • Complementary riders for qualifying applicants
  • Cons
    • Unavailable in New York

For additional information, check out our Mutual of Omaha Life Insurance Review.

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Royal Neighbors of America

⭐️⭐️⭐️ – TopQuote Rating

Company: Royal Neighbors

Established: 1895

A.M. Best Rating: A-

    • Plan Name: Simplified Issue Whole Life
    • Issue Ages: 50 to 85
    • Type of Coverage: Level and graded
    • Coverage Amounts: $3,000 to $25,000
  • Pros
      • Death benefits may be available immediately
      • Immediate underwriting approval
      • Easy application
  • Cons
    • Unavailable in numerous states (Alaska, Alabama, Hawaii, Louisiana, Massachusetts, New Hampshire, and New York)
    • More expensive than many competitors
    • Lower coverage amounts

United Home Life may be best for those with health concerns who need quick coverage with a modest coverage amount.

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Transamerica

⭐️⭐️⭐️⭐️⭐️ – TopQuote Rating

Company: Transamerica

Established: 1904

A.M. Best Rating: A+

    • Plan Name: Final Expense Solutions
    • Issue Ages: 0 to 85
    • Type of Coverage: Level and graded
    • Coverage Amounts: $1,000 to $50,000
  • Pros
      • Policies available for virtually all ages
      • Flexible coverage amounts
      • One of the most affordable options available
      • Death benefits can be available immediately
      • Easy application
      • Available in all 50 states
  • Cons
    • Some health conditions may limit coverage availability

For additional information, check out our Transamerica Life Insurance Review.

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United Home Life

⭐️⭐️⭐️⭐️⭐️ – TopQuote Rating

Company: United Home Life

Established: 1948

  • A.M. Best Rating: A-
    • Plan Name: Express Issue Whole Life
    • Issue Ages: 20 to 80
    • Type of Coverage: Level, graded, and guaranteed issue
    • Coverage Amounts: $1,000 to $100,000
  • Pros
      • Available to a wide range of ages
      • Flexible coverage amounts
      • One of the most affordable options available
      • Death benefits are immediately available
  • Cons
    • Unavailable in New York

United Home Life is a lesser-known burial insurance provider offering excellent coverage at a reasonable price.

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How much does burial insurance cost?

Life insurance policies can get expensive quickly, especially for older adults. Seniors that can’t afford a traditional life insurance policy often use burial insurance to reduce monthly costs.

You can see how rates compare between our top 10 burial insurance companies below.

Sample $15,000 Burial Insurance Rates for Male Non-Smokers
AgeAetnaAIGAmerican AmicableAmericoForestersGerber LifeMutual of OmahaRoyal NeighborsTransamericaUnited Home Life
50N/A$76.89$44.88$46.19$46.42$65.68$42.13$58.18$44.31$44.35
55N/A$84.35$57.09$51.65$53.72$86.44$52.87$68.17$52.21$53.14
60$75.83$93.75$67.32$63.62$66.20$95.38$62.53$73.86$63.93$64.86
65$92.08$125.23$85.80$80.91$82.04$127.28$82.04$86.89$83.00$82.22
70$120.83$146.27$113.53$107.50$107.78$148.32$108.95$110.86$110.20$109.77
75$160.83$206.83$156.09$147.37$152.46$208.82$147.69$164.30$148.26$151.95
80$217.08$368.66$225.72$216.58$218.53$370.52$197.38$229.39$208.55$205.72
85$297.08$472.73$321.09$298.30$299.55N/A$273.13$317.77$298.86N/A
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Above, you can compare sample rates from our top 10 burial insurance companies. Most of these options are competitive, except AIG and Gerber Life. Remember that these rates are samples and would be subject to change based on numerous factors.

For example, age, gender, coverage amount, death benefit availability, and health status play a role in burial insurance rates. As noted in our company overviews, some insurance companies will completely deny specific coverage amounts or age groups.

What is burial insurance?

Burial insurance, or final expense insurance, is a type of whole life insurance designed to cover the expenses of an adult funeral. Burial insurance typically yields a smaller death benefit than a traditional life insurance policy.

Many burial insurance policies are unavailable to young or middle-aged adults. Some companies — like Transamerica — are more flexible with their age eligibility for coverage.

Burial insurance policies typically offer coverage up to $35,000 but can provide greater coverage amounts in some cases. $35,000 should be enough to cover all funeral expenses for most people.

According to The National Funeral Directors Association, the average burial costs $7,000 to $10,000 as of 2019. These prices can also vary depending on the funeral services you desire.

As a prospective policyholder, it’s wise to contact your local funeral service provider and discuss options to estimate your funeral’s cost. The price range for funerals can vary based on your services and location.

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Choosing the Best Burial Insurance Policy

The best burial insurance policy varies from one person to the next. Since burial insurance prices depend on several factors, the same company may not offer the best rates for all applicants.

When applying for and choosing a burial insurance policy, there are many variables to consider, such as the coverage amount needed, availability of a death benefit, cost, the application process, and additional policy features.

Once you determine how much coverage you need, you may want to choose a company that offers immediate full coverage. Some burial insurance policies won’t offer a full death benefit for two or three years.

Of course, one’s budget is always a primary concern. The best way to get an affordable rate is to get personalized quotes from multiple competitors. Our five-star companies would be an excellent place to start.

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The application process is important in some cases. While convenience is valuable, burial insurance companies with accessible applications tend to be more flexible with underlying health conditions. Just because you’ve been denied coverage from one company doesn’t mean another will deny you.

For example, Gerber Life offers coverage to applicants with different health concerns, though that coverage comes at a higher cost. Healthy adults can be more selective with burial insurance.

Some burial insurance companies like Mutual of Omaha offer complementary and optional life insurance riders to supplement your coverage. These companies commonly offer terminal illness riders to improve your financial stability.

Burial Insurance: The Bottom Line

Burial insurance policies offer modest death benefits at an affordable monthly cost, designed to cover your funeral expenses. Choosing a burial insurance policy that meets your coverage needs and stays within your budget is crucial.

Mutual of Omaha, Transamerica, and United Home Life are three of the most consistent burial insurance companies offering affordable policies that meet the needs of most prospective policyholders. Compare rates, ratings, and policy details to get the best deal on a burial or final expense insurance policy