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MetLife, one of the most recognized names in life insurance, used to offer final expense whole life insurance policies designed for seniors seeking simple, guaranteed coverage to help cover funeral and burial costs. Unfortunately, as of a few years ago now, MetLife no longer offers final expense whole life insurance. For those who had been considering it, this leaves a gap — but not an insurmountable one.

Curious how other companies stack up against the former Guaranteed Issue Metlife Policy?

Below is a snapshot of sample monthly premiums for $10,000 of level benefit whole life coverage for a 70-year-old female non-smoker. These are a few of the companies we have a directly working relationship. These examples also highlight the potential savings and help you see which carriers offer full first-day coverage versus waiting periods or higher premiums such as that which Metlife once offered (Guaranteed Issue)

Check the table, see the differences, and get your personalized quote to find out what you qualify for today.

What Was MetLife Final Expense Insurance?

MetLife’s final expense insurance was a type of whole life insurance policy targeted at seniors, usually aged 50–85, designed to provide a guaranteed death benefit with simplified underwriting. Benefits included:

• Coverage amounts typically ranging from $5,000 to $25,000.
• Level premiums that never increased over the life of the policy.
• Guaranteed acceptance for qualifying seniors (with age and health restrictions).
• Flexible payment options and minimal paperwork.

This type of coverage is sometimes referred to as burial insurance because the death benefit was often used to cover funeral, burial, or cremation expenses, along with final medical bills or other end-of-life costs.

Why MetLife Discontinued This Policy

While MetLife has not publicly stated all the reasons, discontinuation often stems from changes in market strategy, regulatory adjustments, and internal risk assessments. Many seniors who relied on MetLife’s brand recognition now need to look for alternative solutions for final expense coverage.

Alternative Options for Final Expense Coverage

Even though MetLife no longer offers final expense policies, there are numerous alternatives that seniors can consider. Independent agents, like those at Maple Valley Insurance Group, can provide access to multiple carriers with competitive rates.

No-Exam Whole Life Insurance

No-exam or simplified issue whole life insurance policies are available for seniors and often feature:

• Guaranteed coverage for ages 50–85 or higher
• Coverage amounts between $5,000 and $50,000
• Simple health questions. No medical exams

Guaranteed Issue Life Insurance

For seniors with significant health concerns, guaranteed issue policies provide coverage without any health questions, although the premiums may be higher and initial coverage periods may have waiting periods (typically 2–3 years) before the full death benefit is available.

Shopping Tips for Burial Insurance

When comparing policies, consider the following:

• Premium stability: Look for level premiums that won’t increase with age.
• Coverage limits: Make sure the death benefit meets anticipated funeral costs and any outstanding debts.
• Carrier reputation: Choose carriers with strong financial ratings and clear claims processes.
• Flexibility: Check if the policy allows additional riders, accelerated benefits, or other add-ons.

How Much Does Final Expense Insurance Cost?

Premiums vary based on age, gender, and health. This are ballpark estimates. Request and quote for exact figures. For example:

Exact premiums will vary by carrier, health, and underwriting method.

Independent agents/brokers like Maple Valley Insurance Group can:

• Compare multiple carriers to find the best coverage for your budget and needs.
• Help you understand simplified vs. guaranteed issue options.
• Provide guidance on how much coverage you need for funeral and burial costs.

Next Steps for Seniors Seeking Coverage

If you previously considered MetLife for final expense insurance, now is a good time to explore other carriers. Start by:

1. Determining your coverage needs: funeral, burial, debts, and final medical costs.
2. Deciding between simplified issue (no exam, some health questions) vs. guaranteed issue (no health questions, potential waiting periods).
3. Requesting quotes from multiple carriers via an independent agent.

Looking for Final Expense Coverage?

Our independent agents at Maple Valley Insurance Group can compare multiple carriers and find the best coverage and rates for your needs.

Frequently Asked Questions

Need Help Finding the Right Final Expense or Burial Insurance?

MetLife no longer offers this coverage, but we can help you compare options from top carriers to find a policy that fits your budget and health situation. Don’t wait—getting the right coverage is easier than you think.