2022 Aetna Burial Insurance Review – Pros & Cons

Our Aetna life insurance company review will look at the different insurance products Aetna provides and how well the company measures up to its competitors.

Our Aetna burial insurance review will provide you with everything you need to know about their final expense products to help you make an informed decision.

If you want to know if their burial insurance plans are right for you, keep reading.


Does Aetna Offer First-day Coverage?

YES, Aetna has a burial insurance plan that offers first-day coverage.

If you qualify, their Whole Life Insurance Level Benefit Plan comes with immediate first-day coverage. You will be 100% covered from the first day, and your beneficiary will receive your full death benefit when you pass away.

Pros Of Aetna Burial Insurance

Availability -available for people between the ages of 45 and 89. Only a few life insurance companies issue final expense insurance for people 86-89.

No height and weight chart – people who are overweight or obese will still qualify based on their current health.

Relaxed underwriting – some health conditions qualify for level benefit plans.

Cons Of Aetna Burial Insurance

Pricing – AETNA is not always the best-priced product.

Limited death benefit option – this benefit option is lower than other companies offering burial insurance.

  • 45-65 benefit 35,000
  • 66-80 benefit $25,000
  • 81-85 benefit $15,000
  • 86-89 benefit $10,000

Two-year waiting period – their modified benefit plan comes with a full two-year waiting period. This plan is priced higher than most guaranteed issue policies from other insurance companies.

Aetna Burial Insurance Products

Aetna, through American Continental, offers three types of burial insurance policy options:

  1. Level benefit – first-day immediate coverage
  2. Graded benefit – limited benefits during the first two years
  3. Modified benefit – two-year waiting period

Your age and current health status will determine which plan you will be eligible for and the amount you will pay.

Issue ages45 to 89
Face amount available$1,000–$30,000
Simplified issueNo medical exam required
Guaranteed death benefit The benefit will never decrease
Cash value builds up Accumulates over time
Level premiumGuaranteed never to increase


Issue ages: 45 – 89, age last birthday

  • 45–65 death benefit: $3,000–$35,000
  • 66–80 death benefit: $3,000–$25,000
  • 81–85 death benefit: $3,000–$15,000
  • 86–89 death benefit: $3,000–$10,000

The level benefit plan is designed for healthier folks, but it accepts these health issues:

  • High blood pressure
  • High cholesterol
  • Controlled diabetes
  • Arthritis
  • Mental health issues (bipolar, anxiety disorder, depression)
  • And they have a two-year lookback period on full stroke, TIA, heart attack, and circulatory surgeries.

Aetna’s level benefit plans are generally competitively priced.


  • Issue ages: 45 – 75, age last birthday
  • Minimum death benefit amount: $3,000
  • Maximum death benefit amount: $35,000
  • Death Benefits Schedule:

Accidental death – 100% benefit immediately

Non-accidental death:

  • Years 1 and 2 – 110% of paid premium
    • Year 3 – full death benefit

The modified benefit plan has a full two-year waiting period. If you pass away during the first two years, they will pay your beneficiary the premium amount plus 10% interest. Only in the third year will Aetna pay your full death benefit amount.

Aetna’s modified benefit plan is expensive compared to a guaranteed issue, no health questions policy. GI policy costs less, and it will approve your application regardless of the severity of your medical condition.


Issue ages: 45 – 80, age last birthday

Minimum death benefit amount: $3,000

  • 45–65 years old – death benefit: $3,000–$35,000
  • 66–80 years old – death benefit: $3,000–$25,000

Death Benefits Schedule:

Accidental death: full benefit immediately

Non-accidental death:

  • First-year: 40% of the benefit amount
  • Second-year: 75% of the benefit amount
  • Third-year: full death benefit

Aetna takes a higher risk for insuring you that’s why your beneficiary will receive 40% if you pass away in the first year of the policy. 75% in the second year, and only in the third year will they receive 100% of your benefit.

Health conditions that will qualify for this plan:

  • Congestive heart failure
  • Cardiomyopathy
  • COPD
  • Emphysema
  • Cancer diagnosis in the last 12-24 months

Aetna Burial Insurance Riders

If you are looking for riders to get extra benefits, Aetna burial insurance policies are rarely the best in this area.

When Does Aetna Burial Insurance Make The Most Sense?

Aetna is a great choice for seniors 86 to 89 years old because they’re one of the few companies providing policies for that age. They don’t have height and weight restrictions, and those on the heavier side will qualify for coverage.

Avoid their modified benefit plan; it’s a poor option because you can often a better-priced policy with other insurance companies. If you are considering purchasing burial insurance from Aetna or other companies, comparing plans and rates is best before choosing the one that fits your needs.

Aetna’s final expense plans accept the following health conditions, which are typically declined by other burial insurance companies:

  1. COPD – Chronic obstructive pulmonary disease patients who do not smoke or used supplementary oxygen in the last two years will qualify for a graded benefit plan. Without treatment for more than 24 months, will be eligible for level death benefit without a waiting period.
  2. Diabetes – diagnosed after 40 years old and does not use 40 units of insulin daily may qualify for the level death benefit.
  3. Heart attack – after 24 months, will qualify for the graded death benefit. A heart attack over 24 months ago qualifies for the level death benefit
  4. Congestive heart failure – will qualify for the graded death benefit at any time.
  5. Cancer – diagnosis and treatment within 24 months will qualify for a graded benefit plan.


Here are some of Aetna’s unique features that make them shine from the competition and make them a better choice for you:

  • Coverage for people who are 86 to 89 years old
  • Wheelchair use may qualify for a graded benefit plan
  • No build chart
  • Underwriting based on health questions, prescription history checks, and telephone interviews only
  • Does not perform Medical Information Bureau check
  • Fast approval typically after the telephone interview
  • Reduced paid-up option available

Aetna Underwriting Guidelines

To qualify for burial insurance, ACI will check your health in three ways:

  • They will ask health questions in the application
  • They will electronically check your prescription history
  • They will perform a telephone interview

They do this to verify your health and assess your level of risk.

Aetna also has simplified underwriting, and they do not have a build chart, so those on the heavier side will not have trouble qualifying for coverage.


You need to answer three health questions to qualify for burial insurance with Aetna. First is the knockout section. If you answered YES to any of the health questions in the knockout section, you are not eligible for insurance coverage from Aetna.


1. Do any of the following apply to you?

a. currently hospitalized, in a nursing facility, confined to a bed, receiving hospice care? (Yes – No)

b. require the use of oxygen for any lung or respiratory disorder (Yes – No)

c. have been diagnosed by a medical professional to have an aneurysm that has not been surgically repaired (Yes – No)


Burial insurance with Aetna does not require a medical exam, but some conditions could prevent you from qualifying for the policy.

  1. AIDS and AIDS-Related Complex (ARC)
  2. Alzheimer’s, dementia, or any other brain disease which results in mental incapacity
  3. Amyotrophic Lateral Sclerosis (ALS)
  4. Aneurysm
  5. Any disease which requires a transplant – stem cell, bone marrow, or any organ)
  6. Residing in a hospital, nursing, or long-term care facility
  7. Supplemental oxygen use
  8. Kidney disease requiring dialysis
  9. Terminal illness


If you answered any questions in Section B YES, you qualify for the Modified benefit plan.

2. At any time have you been diagnosed or treated by a medical professional or had surgery for any of the following?

a. any condition requiring bone marrow, stem cell, or organ transplant (Yes – No)

b. kidney disease requiring dialysis (Yes – No)

c. Alzheimer’s disease, dementia, mental incapacity (Yes – No)

d. Lou Gehrig’s disease (ALS) (Yes – No)

e. a life expectancy of 12 months or less (Yes – No)

f. Acquired Immune Deficiency Syndrome (AIDS), AIDS Related Complex (ARC), tested positive for the Human Immunodeficiency Virus (HIV) (Yes – No)

Those who answered yes to the above health conditions will be offered a modified benefit plan.  This plan is offered to people in the highest risk category.


If you answered any health questions in Section C YES, you qualify for the Graded benefit plan.

If you answered NO to ALL questions in Section C, you qualify for the Level benefit plan

3. Do you have diabetes? (Yes – No)

a. diagnosed by a medical professional before age 40 (Yes – No)

b. in combination with any heart or circulatory disorder diagnosed by a medical professional (excluding high blood pressure) (Yes – No)

c. requiring 40 or more units of insulin daily (Yes – No)

4. Within the past 12 months, have you been diagnosed or treated by a medical professional or had surgery or any of the following? (Yes – No)

a. heart attack, heart valve disorder, heart blockage, stroke, or transient ischemic attack (TIA) (Yes – No)

b. any lung or respiratory disorder requiring the use of a nebulizer (Yes – No)

c. any lung or respiratory disorder and currently use tobacco (Yes – No)

d. internal cancer, melanoma, lymphoma, multiple myeloma, systemic leukemia, lupus (SLE) (Yes – No)

e. chronic pancreatitis, chronic hepatitis, cirrhosis (Yes – No)

5. Within the past 12 months, have you been recommended by a medical professional to have any of the following? (Yes – No)

a. treatment or counseling for alcohol or drug abuse (Yes – No)

b. test, surgery, treatment, or further evaluation that has not been performed, or are there any test results pending (Yes – No)

You would qualify for the Aetna graded benefit plan if you answered NO to the knockout and modified sections. If you answer Yes to any of the health questions in this section, you will be offered a graded death benefit plan.

A graded death benefit plan is offered to those, not in the best of health. If you qualify, you will pay a little bit more for this plan, but you will have partial benefits on the first day. 


6. Within the past 24 months, have you been diagnosed or treated by a medical professional or had surgery for any of the following? (Yes – No)

a. aneurysm, heart attack, any circulatory disorder, stroke, or transient ischemic attack (TIA) (Yes – No)

b. emphysema, chronic obstructive pulmonary disease (COPD) (Yes – No)

c. internal cancer, melanoma, leukemia (Yes – No)

d. neuromuscular disorder including, but not limited to cerebral palsy, multiple sclerosis, muscular dystrophy (Yes – No)

f. any connective tissue disorder, ulcerative colitis, Crohn’s disease (Yes – No)

7. Have you been diagnosed or treated by a medical professional or had surgery for any of the following? (Yes – No)

a. congestive heart failure, cardiomyopathy, Parkinson’s disease (Yes – No)

b. any permanent paralysis, amputation caused by disease (Yes – No)

8. Are you dependent on a wheelchair or motorized mobility device? (Yes – No)

If you answer no to all the health questions in the application, you will qualify for a level death benefit plan. This plan has first-day full coverage and pays 100% death benefit when you pass away.

Aetna Pricing Examples

45$13.42 $23.50
60 $21.46

65 $24.58
70 $29.58
75 $37.92
80 $50.41
85 $67.50
45 $14.62
60 $26.75
65 $29.58
70 $36.67
75 $50.41
80 $68.75
85 $95.41

*Pricing for illustration purposes only and are subject to change without notice.

Getting Approved For Aetna Burial Insurance

Rates & coverage Agent can help provide help with this
UnderwritingAgent will help you qualify for the best plan
BeneficiaryYou determine who will get your death benefit
ApplicationAgent submits application to insurance company
ApprovalCongratulations on your new policy!
Policy start date Policy active after 1st payment date
Policy delivery 7-10 business days after first draft date

The Best Payment Option

Savings AccountBest way to pay
Checking AccountBest way to pay
CashNot recommended
Money OrderNot recommended
Cashier's CheckNot recommended
Debit CardNot recommended
Credit CardNot recommended
Direct ExpressNot recommended
MonthlyRecommendedAll Companies
QuarterlyNot RecommendedSome Companies
Semi-annuallyNot RecommendedSome Companies
AnnuallyNot RecommendedSome Companies

Aetna Company Overview

Aetna started as a fire insurance company in the early 1800s. Aetna Life Insurance was created in 1853 when the annuity portion of their company separated. Aetna eventually became the third-largest health insurance provider in the country.

Aetna entered the health insurance business in 1899. Aetna was the first insurance company to advertise on television. Aetna was also the first company to sell an employer group long-term care insurance plan. They are also the first health insurance company to announce a health savings account option.

American Continental Insurance Company (ACI) was established in 2005 and became part of the Aetna Group of Companies in 2011. ACI is one of the two underwriters of Aetna’s final expense product.

They only offer one life insurance product, the final expense or burial insurance, in their senior product suite. The two Aetna insurance companies that write this policy are ACI and Continental Life Insurance Company of Brentwood, Tennessee. Their burial insurance is available in most states except West Coast and Northeast states.


Our Aetna burial insurance review looks into the company’s financial ratings from different rating companies.

Aetna has some good ratings. Here’s how the major insurance rating companies rate Aetna:

  • A.M. Best: A
  • BBB: A+
  • Moody’s: Baa2
  • Standard & Poor’s: A+

These ratings indicate the company’s financial stability and capability of paying its financial commitments to policyholders.

How Can Funeral Funds Help Me?

Finding a policy if you want Aetna burial insurance needn’t be frustrating; working with an independent agency like Funeral Funds will make the process easier and quicker.

We will work with you every step to find the plan that fits your financial requirements and budget. You don’t have to waste your precious time searching for multiple insurance companies because we will do the work for you.

We work with many A+ rated insurance carriers that specialize in covering high-risk clients like you.  We will search all those companies and match you up with the best burial insurance company that gives the best rate.

We will assist you in securing the coverage you need at a rate you can afford. So, if you are looking for Aetna funeral insurance, Aetna burial insurance, or Aetna life insurance.

Fill out our quote form on this page or call us at (888) 862-9456, and we can give you an accurate quote.

Additional Questions & Answers On Aetna Burial Insurance Review

Is Aetna Life Insurance still in business?

Aetna is still in business and offers life insurance policies to individuals and families. 

Is Aetna Life Insurance legitimate?

Aetna is a legitimate life insurance company that has been in business for over 160 years. 

Who owns Aetna life insurance?

CVS Health owns Aetna.

How long has Aetna been in business?

Aetna has been in business for over 160 years. 

What types of life insurance does Aetna offer?

Aetna offers term life insurance, whole life insurance, and universal life insurance policies. 

What is Aetna’s financial rating?

Aetna’s financial strength rating of A (Excellent) from AM Best. 

What is Aetna’s website?

Check out Aetna at https://www.aetnaseniorproducts.com

What is Aetna life insurance phone number?

Call Aetna at (800) 264-4000 

What is Aetna’s customer service number?

 (800) 264-4000 

What is Aetna’s email address?


What is Aetna’s members’ login?

Login to your account at https://www.aetnaseniorproducts.com/ssimember/public/memberPublic/login

Where is Aetna located?

 Aetna is located in Connecticut

What is Aetna corporate address?

151 Farmington Avenue

Where can I find Aetna life insurance reviews?

Continue reading to know how Aetna stacks up to the competition.

Where can I find Aetna BBB reviews?

Aetna is not accredited by the Better Business Bureau (BBB), but you can read their review here https://www.bbb.org/us/tn/franklin/profile/life-insurance/continental-life-an-aetnacvs-health-company-0573-37034062/customer-reviews

How does Aetna compare to other life insurance companies?

Aetna is a top life insurance company and compares favorably to other leading insurers in the industry. Check out our complete review above. 

How can I get an Aetna life insurance quote?

Complete our quote form on this page. 

How can I make Aetna insurance online payment?

Aetna offers several ways to make your insurance payment. You can pay online, by phone, or by mail.

What is Aetna’s Cancellation Policy?

If you decide to cancel your policy within the first 30 days, you will receive a full refund of the premiums paid. After that, you may get a partial refund, depending on when you cancel and your policy type. 

What is Aetna’s claim process?

If you need to file a claim, you can do so online, by phone, or by mail. You will need to provide basic information about yourself, your policy, and documentation supporting your claim. 

What are Aetna’s hours?

Aetna’s customer service hours are Monday – Friday,
8 am – 8 pm ET.

What is Aetna life insurance mailing address?

P.O. Box 981106, El Paso, TX 79998-1106 

How can I access Aetna’s life insurance claim form?

To access Aetna’s life insurance claim form, visit https://www.aetnaseniorproducts.com/claims/index.html

Where can I check Aetna’s life insurance complaints?

Check out Aetna’s complaints here https://www.bbb.org/us/ct/hartford/profile/insurance-companies/aetna-inc-0111-71/complaints 

What are the different life insurance products offered by Aetna?

Aetna offers whole life insurance, term life insurance, and universal insurance policies. 

How old do you have to be to apply for Aetna insurance coverage?

You need to be 18 years old to be able to apply for Aetna insurance coverage. 

Can you get first-day coverage with Aetna?

Yes, you can get a first-day coverage plan with Aetna. Your coverage will start on the day you apply for it, as long as you pay the premiums. 

Does Aetna have any riders?

Yes, Aetna offers several riders you can add to your policy to create a custom life insurance plan. Riders are available for an additional cost and may not be available in all states. 

What are the pros and cons of Aetna life insurance?

Here are some pros and cons of Aetna life insurance:


  • Aetna is a top life insurance company with a long history and excellent financial ratings.
  • Aetna offers a variety of policy options, including whole life, term life, and universal life.
  • You can get first-day coverage with Aetna, and several riders are available to customize your policy.


  • Aetna is not available in all states.
  • Aetna does not have the cheapest life insurance rates.
  • Aetna’s customer service hours are limited.

How much life insurance can you get with Aetna life insurance?

Aetna offers whole life insurance policies with face values up to $1 million. Term life insurance policies are available with face values up to $500,000.  

What does Aetna life insurance cost?

Aetna’s life insurance rates are based on several factors, including age, health, and the type of policy you choose.  

Where can I get Aetna insurance pricing?

Fill in the quote form on this page to get pricing from Aetna. 

Is Aetna insurance expensive?

Aetna rates are not the cheapest, but they are competitive with other leading life insurance companies. 

Is Aetna a good life insurance company?

Aetna is an excellent life insurance company and compares favorably to other leading insurers in the industry. Check out our complete reviews. 

Do you need a medical exam to qualify for Aetna life insurance?

Aetna does not require a medical exam for most of its life insurance policies. However, they may request one if they have questions about your health. 

What is the Aetna life insurance policy?

The Aetna life insurance policy is a contract between you and Aetna that outlines the terms of your coverage.  

Does Aetna ask health questions?

Aetna will ask you general health questions when you apply for life insurance coverage. They may also request a medical exam if they have concerns about your health. 

Does Aetna have a waiting period?

Aetna has a two-year waiting period for its whole life insurance policies. If you die within the first two years of your policy, Aetna will only pay out the premiums you have paid plus interest. 

Does Aetna life insurance accumulate cash value?

Yes, Aetna’s whole life insurance policies accumulate cash value over time. This cash value can be used to pay premiums or borrowed. 

What other benefits does Aetna offer?

Aetna also offers a variety of other insurance products, including health, dental, and vision insurance. 

Does Aetna life insurance expire?

No, Aetna’s whole life insurance policies do not expire. However, their term life insurance policies do have an expiration date. 

How can I find a replacement for my Aetna insurance policy?

You can contact Aetna or your agent for assistance if you need to replace your Aetna insurance policy.

How do I cancel my Aetna insurance policy?

You will need to contact Aetna or your agent to cancel your Aetna insurance policy. You may be required to provide written notice of cancellation. 

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