Top 25 Final Expense Insurance Companies
Compare the leading final expense (burial) insurance carriers by financial strength ratings, issue type (simplified vs. guaranteed), waiting periods, surrender charges, built-in riders, and recommendations. Find which carriers accept cancer patients, hospice patients, DUI convictions, and felony records — plus which offer the most coverage and the most affordable premiums.
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Movers & Shakers — Final Expense, October 2026
- AARP Life Insurance (New York Life) — #15, the cheapest option in most comparison studies
- State Farm Life — #16
- Globe Life (American Income Life) — #17
- USAA Life — #25
- Genworth Life
- Great Western Insurance
- Sentinel Security Life
- American Memorial Life — now reported with Prosperity Life Group
Mutual of Omaha holds #1 for 2026 on price and product breadth, with coverage up to $50,000.
AARP Life Insurance from New York Life carries the strongest rating on this list at A++ (Superior).
Physicians Mutual and TruStage round out the most-recommended final expense carriers for 2026.
Final Expense Market Pulse — October 2026
$3.2B+ in annual final expense premium — growing 5-7% annually as the senior population expands
Mutual of Omaha leads the final expense market with the strongest brand recognition and agent distribution
More carriers now offer IUL and UL products with final expense riders — combining cash value growth with burial coverage
Simplified issue policies offer immediate coverage with health questions; guaranteed issue has a 2-year waiting period but no questions