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Ameritas Final Expense Insurance

Ameritas is a Nebraska-based insurance company that traces its roots back to 1887. In 1988, the Bankers Life company changed its name to Ameritas Life Insurance Corporation. It currently offers a wide range of individual, family, and business coverage options. Ameritas’ Term Life option is likely the best fit for final expense insurance. The firm’s website features a premium calculator that allows you to estimate your costs based on a brief selection of questions. Ameritas guarantees level premiums and a level death benefit for the entirety of your term.

Can I cancel a final expense insurance policy?

Final Expense expense insurance policies normally cannot be cancelled. The only way they may be cancelled is in the event of fraud on the part of the insurance company. Additionally, the policyholder may opt to stop paying the premiums. This will result in the policy being voided by the insurance company. In this case, the policyholder will not be eligible for any refunds of premium payments already made.

Will a funeral home accept payment with final expense insurance?

Insurance payments are not made directly to funeral homes. Instead, final expense policies pay cash to the policy beneficiary. This cash may then be used to pay a funeral home or to pay for other burial or end-of-life expenses. There are no limitations to the use of a cash payout. It may be used for anything at the discretion of the beneficiary.

Can I obtain final expense insurance even though I have health issues?

Final expense, burial, and funeral insurance is designed to assist individuals who may have health issues so long as these issues are not terminal. It is normally easier and cheaper to obtain final expense insurance than to obtain traditional life insurance, even if you have health complications. That said, there are a few terminal health conditions which may prevent you from obtaining final expense insurance. You should contact insurance companies in your local area as well as nationally to determine which one offers the best plan and premium rate for your individual health needs.

Most insurance providers don’t require medical examinations on the part of the applicant. However, health questionnaires are common. Filling out a questionnaire accurately will help determine your coverage benefits and premium rates.

How to get started

If you are already an Ameritas life insurance customer, you should contact your local office and inquire about a final expense policy. If you are a prospective customer, you can obtain a quote on its website, or you may call the company using the information below. You may also shop for policies using our comparison tool by clicking on the following link.

Financial Strength Ratings

AM Best – A, Stable outlook
Moody’s – Ratings withdrawn, January 2015
Standard & Poor – EE, Stable outlook

Company contact info

Ameritas Life Insurance Corp.
5900 O Street
PO Box 81889
Lincoln, NE 68501-1889
(800) 745-1112