Best Burial Insurance Company www.paypant.com

Burial insurance is an essential part of your retirement plan. It helps you pay for final expenses before and after your death.

This insurance pays a certain amount of money to a funeral home or your family. It does this to remove the financial burden which comes to your family after your passing.

There are lots of burial insurance companies, but this article highlights the best thirteen.

Mutual of Omaha

Mutual of Omaha www.paypant.com

Mutual of Omaha is a life insurance company that has been in business since 1887. Its headquarters is located in Omaha, Nebraska.

This insurance company has over 4 million policyholders from all 50 states. It is also a member of the National Association of Insurance Commission (NAIC).

Mutual of Omaha provides Medicare Supplement Insurance, Life Insurance, Finance, and Mortgages.

Foresters Financial

Foresters Financial www.paypant.com

Foresters Financial is a subsidiary of Foresters Financial Services and was founded in 1868. The company has a headquarter located in Springfield, MA.

This company owns over $1.6 billion in assets and employs more than 1,700 workers. It offers life insurance and solutions for your savings and retirement needs.

AIG

AIG is an American multinational insurance corporation that operates in 130 countries. It boasts of having over 71 million customers.

AIG is one of the largest insurance companies in the world in terms of assets and market capitalization.

Globe Life Insurance

Globe Life Insurance www.paypant.com

Globe Life Insurance is a subsidiary of Torchmark Corporation – an insurance holding company that owns other insurance companies like Golden Rule Financial and Pathway Financial Group.

It was founded in 1887 by John A. Lewis and has been around for over 130 years.

Globe Life is a life insurance company that offers insurance to individuals and businesses.

This company has a headquarter located in Lincoln City, Oregon. Its branches are spread in all the states in America.

Globe Life has a membership card of organizations like the National Association of Insurance Commission (NAIC) and the National Association of Insurance and Financial Advisors (NAIFA)

It is also a member of the Independent Agent & Brokers of America (IS A)

Gerber

Gerber Life Insurance Company was founded in 1912 by Theodore Gerber. It is a subsidiary of the Nationwide Mutual Insurance Company – A company that owns twelve other insurance companies.

Gerber Life Insurance Company is a mutual life insurance company that offers solutions on life insurance, whole life insurance, and universal life insurance.

New York Life Insurance Company

New York Life Insurance Company www.paypant.com

New York Life Insurance Company is one of the largest life insurance providers in the United States.

It provides insurance solutions that improve your financial security, financial health, and goal.

State Farm Life Insurance Company

State Farm Life Insurance Company is a subsidiary of the State Farm Mutual Automobile Insurance Company. The company has been in business since 1922 and is headquartered in Bloomington, Illinois.

This Insurance Company offers life insurance, annuities, and supplemental insurance products with the help of its fellow subsidiary companies like the State Farm Guaranty Association (SUGA) and State Farm Mutual Automobile Insurance Company.

Transamerica

Transamerica offers a range of life insurance products that includes whole life insurance, term life insurance, Index universal life insurance, and final expense life insurance.

This company also offers retirement solutions, annuity solutions, and investment solutions.

Americo

In addition to offering burial insurance, Americo also offers other insurance products like life insurance and whole life insurance. They have been in business since 1934 and is a subsidiary of AIG (American International Group).

Americo offers customizable burial insurance plans. It allows you to make decisions on policies surrounding its lifetime protection and death benefits.

The company is headquartered in Chicago, Illinois, and has regional offices across the state.

Banner Life Insurance Company (Legal & General America) www.paypant.com

Banner Life Insurance Company (Legal & General America) is a subsidiary of British insurer Legal & General Group.

It is an insurance company that provides life insurance and annuities to individuals and businesses.

United Home Life Insurance Company LLC (United of Omaha)

United of Omaha offers a variety of insurance products that includes whole life and term life insurance.

The full-life product provides coverage for your family and pays them benefits after your death until the policy you have with them expires.

The term life policy only provides temporary coverage that stops after a specified period has passed or when a member of your family reaches a certain age.

Bankers Fidelity Life Insurance Company

Bankers Fidelity Life Insurance Company www.paypant.com

Bankers Fidelity Life Insurance Company is a subsidiary of Bankers Fidelity Corporation (BFC).

Founded in 1853, BFC provides life insurance products and services through its subsidiaries – Bankers Fidelity Life Insurance Company and Bankers Fidelity Investment Services Inc.

Colonial Penn Life Insurance Company

If you’re looking for burial insurance that works well with your existing life insurance policy, Colonial Penn is a good option.

In addition to their standard burial policies for adults and children, they also offer a unique pet burial plan.

What is a Burial Insurance

Burial insurance is life insurance that helps you pay for funeral costs. It can also cover other final expenses like medical bills, estate taxes, and the cost of traveling to the funeral. Depending on what you want to cover with your policy, burial insurance can be either a pre-need or a term plan.

Pre-Need Burial Insurance

Pre-need burial insurance is an insurance policy that covers events that have been predetermined. These policies are sold by funeral homes and are sometimes referred to as Funeral policies.

They are generally more expensive than term policies and don’t offer as flexibility when choosing how much coverage to get or how long you want your policy to last.

Term Burial Insurance

A term plan burial insurance policy is a policy that takes care of your existing debts and funeral costs. This policy pays out any burial expenses that your beneficiaries present to it.

What is the most reliable life insurance company?

Haven Life is one of the most reliable digital insurance companies. This agency offers two term life insurance options – Haven Term and Haven Simple.

Haven Term is a term policy with a 10 to 30 years duration and a coverage of up to $3 million.

Haven Simple is a term-based policy with lower coverage amounts and a duration that lasts five to twenty years.

Frequently Asked Questions

Who is the top five insurance company?

The top five insurance companies are Allstate, Berkshire Hathaway, Liberty Mutual, Farmers Insurance Group of Companies, and State Farm.

Who owns USAA?

Charles Schwab Corporation owns USAA. On July 26, 2019, the Charles Schwab Corporation announced it would acquire USAA’s investment management and brokerage accounts for $1.8 billion.

What is the oldest insurance company in the United States?

The oldest insurance company in the United States is The Sun. This company was founded in 1710 by Charles Povey. Its first location was in Charleston, South Carolina.

Where is the insurance capital of the world?

Hartford is the insurance capital of the world. In the 19th century, many insurance companies established their headquarters in Hartford, earning it the “Insurance Capital of the World.”

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