Great Western Funeral Insurance Plans and Benefits

Great Western offers a range of funeral insurance plans to suit different budgets and needs. Their basic plan provides coverage up to $10,000.

The basic plan covers funeral expenses, including the cost of a cremation or burial, and can be paid out as a lump sum or in installments.

You can also opt for additional coverage, such as a premium plan that covers up to $20,000. This plan is ideal for those who want to ensure they can afford a more elaborate funeral or pay off outstanding debts.

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Final Expense Insurance provides coverage for final expenses such as funeral, ceremony, cremation, burial, etc.

Great Western Insurance offers a unique Final Expense Insurance plan that broadens the options for adequate protection and peace of mind in the future.

These policies are similar to a guaranteed whole life policy, although at a lower premium for a lower overall payout value.

Great Western Life Insurance has a solid reputation as a leading pre-need insurance provider and a partner of funeral homes and independent agents.

With a Great Western final expense insurance policy, your family will forget about burial costs, taxes, and any other charges associated with an at-need ceremony.

Great Western has three final expense policies to choose from, each of which is a whole life insurance policy with a small death benefit and easy approval.

The payout from these policies does not actually withhold any restrictions, meaning the beneficiary may use the funds for whatever they wish.

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Great Western funeral insurance offers a range of benefits and features that make it an attractive option for those looking to plan for final expenses.

Their policies provide comprehensive coverage for funeral and burial expenses, including cremation, burial, and other related costs.

Great Western's policies offer coverage amounts that can go as high as $40,000, ensuring that funeral and other final expenses are adequately covered.

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One of the standout features of Great Western's policies is the accelerated death benefit, which allows you to access funds early in the event of a terminal illness.

Most plans come with a free add-on involving an accelerated death benefit, in which you may be entitled to funds early, depending on qualifications.

You may be entitled to a percentage multiplier of your coverage amount, usually 125%.

There's no medical exam required for most policies, making it easy to get approved quickly.

This is especially beneficial for seniors seeking basic coverage or those who may not be in good health.

Here's a summary of the benefits and features of Great Western funeral insurance:

Overall, Great Western funeral insurance offers a range of benefits and features that make it a solid choice for those looking to plan for final expenses.

Great Western funeral insurance has a NAIC complaint rating of .069 as of August 2022, indicating few complaints.

The company has received mixed reviews, with some praising its variety of final expense insurance options and others criticizing its limited policies. The Insurist rated Great Western 4 out of 5 stars.

Great Western generally receives positive reviews from customers, particularly for its final expense and pre-need services. Policyholders appreciate the company's focus on seniors and the flexibility in coverage amounts.

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Great Western generally receives positive reviews from customers, particularly for their final expense and pre-need services. Policyholders appreciate the company’s focus on seniors and the flexibility in coverage amounts.

The company's customer service is often praised for being responsive and helpful during the claims process, which is crucial for final expense and burial insurance. This is a notable advantage for customers who need to file claims quickly.

Colonial Penn, on the other hand, has a mixed reputation among customers. Many appreciate the simplicity of their guaranteed acceptance policies and the ease of enrollment. However, some reviews note that the death benefit is lower than expected, especially given the relatively high premiums for small coverage amounts.

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In contrast, Great Western's customer reviews highlight their focus on seniors and flexible coverage amounts, which sets them apart from other insurance companies. This focus on seniors is a significant advantage for customers who need final expense and burial insurance.

The claims process for Great Western is often praised for being faster compared to industry standards, which is a significant advantage for customers who need to file claims quickly. This is a notable benefit for customers who value speed and efficiency in their insurance claims process.

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Great Western Insurance has a solid reputation, backed by a top-notch rating from A.M. Best, the leading insurance rating agency. They received an A rating, indicating an excellent rating, as of April 2022.

A.M. Best's rating system is similar to a scholastic grading system, with ratings ranging from A+ to F. This rating is determined by factors like performance, management, financial flexibility, and shareholder safety.

The Better Business Bureau also gives Great Western Insurance an excellent rating, with an A+ grade. This is a testament to their commitment to customer satisfaction and financial stability.

Here's a quick comparison of the ratings from A.M. Best and the Better Business Bureau:

These third-party financial strength ratings give you peace of mind, knowing that Great Western Insurance has a strong foundation to back their promises.

Pre-need planning is a smart way to take care of funeral expenses, and Great Western offers a range of policies to suit your needs.

Great Western's pre-need policies are whole life insurance policies linked to a specific funeral provider, covering funeral expenses listed in your contract.

These policies are great because your premiums stay the same over time, and your future funeral expenses don't increase with inflation. Great Western will never deny coverage based on your health condition, but your current health will determine which plan you are offered.

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You have the option to obtain immediate coverage, and you can choose from single premium payment or premium payment plans (one-, three-, five-, or ten-year plans).

Here are some benefits of pre-need planning with Great Western:

By pre-planning your funeral expenses with Great Western, you can ensure that your loved ones are protected from the financial burden of funeral costs.