Top Rated Final Expense Insurance Companies in 2024

Need to find the top rated final expense insurance companies? At Secure Senior Benefits, we’ve got you covered.

Final expense life insurance companies aren’t all the same. Final expense life insurance is a type of life insurance that promises a specific amount of coverage for your loved ones after you pass to help pay for funeral costs. Let’s find out what sets them apart.

What To Look For in the best final expense insurance company

From A rated to C rated you’ll want to know the difference and choose the best final expense insurance company for you! Make sure to check out the following tips!

Expiring Coverage vs Permanent Life Insurance

It is important to know that not all companies offer permanent life insurance. You’ll want to make sure when you obtain a life insurance policy the coverage doesn’t expire when you reach a certain age. Some Companies expire when you reach a certain age typically between the age 80-90 years old.

Term life insurance policies always expire. Be sure to take caution and look over your current policy if you already have one. When term insurance expires the rates become unaffordable. Now would be the time to put in place a permanent life insurance policy.

If you had a policy through work, when you retire or leave your place of employment, your coverage ends. Putting a permanent policy in place before you get any older and rates go up is key.

Funeral Insurance Companies With Increasing Rates & Decreasing Coverage

A true whole life funeral insurance company will offer a permanent solution without increasing rates. Be sure to read the fine print. Watch out for the companies who increase their rates every 5 years while decreasing their coverage!

Waiting PeriodGuaranteed Issue Life Insurance

While a waiting period may be necessary for some, most people can qualify for immediate coverage even with serious pre-existing health conditions.

Popular life insurance companies like Colonial Penn and AARP offer guaranteed issue life insurance. Those policies have a 2 year waiting period.

Some other companies offer modified or graded life insurance which pays out a portion of the death benefit if the insured dies within the first 2-3 years.

Chances are you qualify for immediate coverage. You’ll want to speak with an independent agent so you don’t get pushed into a policy with a waiting period.


Preferred/level highest coverage amounts most affordable rates day 1 coverage – no waiting period
Standard slightly lower coverage amounts modest rates day 1 coverage – no waiting period
Graded/Modified low coverage amounts higher rates pays out a percentage of the policy if death occurs in the first 2 years
Guaranteed Issue/Acceptance lowest coverage amounts very high rates contains a 2-year waiting period with premiums plus 10% interest returned

Reputable and Reliable

The National Complaint Index scored matters! Take a look at some popular Final Expense Companies and you’ll be surprised at how poorly they take care of their consumers. Below is Colonial Penn’s Complaint Score vs. SBLI – The Savings Bank Mutual Life Insurance Company

Colonial Penn Complaint Score

SBLI complaint score

What Do You Want In a Final Expense Insurance Company?

  • Immediate Coverage
  • Permanent Coverage that does not expire
  • Set Rates
  • A Level Death Benefit
  • Simplified Issue, no need to require a medical exam
  • A reputable company who will pay the full death benefit

Who Are The Top Rated Funeral Insurance Companies?

Top Rated Insurance Company- SBLI

SBLI (The Savings Bank Mutual Life Insurance Company)- Best Value

  • A National Complaint Index score of 0.12 well below the average national average of 1.0
  • Instant Decision Application
  • Competitive rates
  • Policy in hand within 30 minutes of Applying
  • The Sequoia Funeral Concierge Plan
  • Founded in 1907 – Established and Secure

(The Sequoia Funeral Concierge Plan described in image below)

The Sequoia Funeral Concierge Plan Brochure
Top Rated Insurance Company-American Amicable


  • Immediate Coverage up to $50,000
  • Simplified Issues -No Medical Exam
  • Competitive rates
  • Decision Can Be Instant
  • Wide Range of Available Riders – Grandchildren’s Insurance Agreement, Terminal Illness, Accidental Death Benefit, Children’s Insurance Agreement, Nursing Home Waiver of Premium, and Confined Care
  • Founded in 1910-Well Established
Top Rated Insurance Company-Royal Neighbors of America

Royal Neighbors of America – Competitive & Immediate Coverage for Common Conditions

  • Coverage amounts up to 40k
  • Competitive rates
  • Simplified Issue
  • Charitable Giving Rider- optional rider to leave to the death benefit to charity of your choice
  • offers immediate coverage to those with diabetes, diabetic neuropathy, COPD, atrial fibrillation (Afib), asthma, Home Health Care, hepatitis C and other common serious illnesses.
  • Established in 1895
Top Rated Insurance Company- CICA LIFE

CICA Life – Immediate coverage for very serious health conditions

  • Offers immediate coverage for those suffering from serious chronic conditions

such as: uncontrolled high blood pressure, uncontrolled diabetes, congestive heart failure (CHF), cardiomyopathy, end stage kidney disease, liver-disease, pacemaker/defibrillator implant, COPD, Paralysis,

Get The Best Burial Insurance With No Waiting Period

A licensed and independent broker will be an advocate for you and your family and get you the protection you deserve.

Speak with a licensed independent broker Call us at 848-288-5968