$9,000 final expense quotes for seniors

Family Benefit Life Insurance Company is another one of those insurers that many consumers have never heard of. This is not because they aren’t a great insurance company, they just don’t bombard us with TV commercials day in and day out. The truth of the matter is, Family Benefit Life is considered a “hidden gem” by most experienced insurance brokers and it offers great Please feel free to contact me here.

Family Benefit Life’s parent company is First Trinity Financial Corporation, a fairly young holding company that has grown their footprint from operating in a single state to now offering insurance products in 26 states across the nation. As of the end of 2016, the corporation’s assets amounted to $333,252,613 while reaching premium income of $67,582,206. Compared to some of the major national carriers, the company is considered relatively small but don’t let their size fool you, they are financially stable and offer very competitive insurance products.

Mission and Purpose

Family Benefit Life’s stated mission is quite simple; their intentions are to build a national insurance company that “operates on the principles of moral, ethical, and spiritual integrity.”

Guided by these values, the company states their purpose very plainly:

Our purpose is to develop a solid reputation utilizing innovation in providing sound financial products and services at competitive prices.  Guided by these values, we are evaluating every strategy, policy, and practice to transform our company into a leader in the financial services market.

Family Benefit Life offers several annuity and insurance products that are available through qualified insurance brokers and financial specialists in the following twenty-six states:

Alabama Arkansas Colorado Georgia Illinois Indiana
Kansas Kentucky Louisiana Michigan Mississippi Missouri
Nebraska New Mexico N. Carolina N. Dakota Ohio Oklahoma
Pennsylvania S. Dakota Tennessee Texas Virginia W. Virginia
Arizona Utah


Insurance Products

Family Benefit Life’s Whole Life insurance products come with the guarantees that seniors depend on when purchasing insurance for a lifetime:

  • Permanent coverage for a lifetime as long as premiums are paid
  • The company cannot cancel your policy except for non-payment
  • One issued, periodic premiums remain the same
  • The policy builds cash value over time and earns a predetermined interest rate


First Whole Life

Family Benefit Life’s First Whole Life product is permanent whole life insurance with a guaranteed level premium and death benefit. The policy premiums are guaranteed for life and will never go up regardless of your health or your age. First Whole Life can be purchased with a premium schedule for the life of the policy (Life Pay) or on a limited payment basis with premiums payable for 10 years (10 Pay) or a one-time payment (Single Pay).

For the 10 Pay and Single Pay plans, the insurance policy is guaranteed paid up for life at the end of the premium paying period. Available riders include Accidental Death, Waiver of Premium and Terminal Illness. Issue ages for this product are from newborn (30 days) to age 80.  Available death benefits range from $10,000 to $5,000,000.

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Golden Eagle Final Expense

The Golden Eagle Final Expense policy is permanent whole life insurance that is available as a simplified issue or as a graded death benefit. The simplified issue policy is for issue ages 50 to 85 with a death benefit from $2,500 to $25,000.  The graded death benefit policy is designed for applicants who do not qualify for the simplified issue product and are age 50 to 80 with a minimum death benefit of $2,000 to a maximum of $10,000.  The Accelerated Living Benefit Rider for Terminal Illness or Nursing Home Confinement is included on every policy.

Sample rates for the Simplified Issue policy with a $10,000 death benefit are:




50 YEARS OLD $27.35 $21.78
55 YEARS OLD $32.77 $26.26
60 YEARS OLD $41.74 $32.60
65 YEARS OLD $53.75 $41.28
70 YEARS OLD $69.23 $52.03
75 YEARS OLD $96.58 $71.64
80 YEARS OLD $145.79 $104.83

You’ll notice that the rates for women are less than the rates for men. This is due to the fact that women typically live longer than men and thus the insurer will have a long period to collect premiums for the insurance.

For an accurate quote for your age, please use our world-class quote engine to determine your cost of life insurance.

Sample rates for the Graded Death Benefit policy with a $10,000 death benefit are:




50 YEARS OLD $39.05 $32.41
55 YEARS OLD $50.88 $40.93
60 YEARS OLD $67.72 $52.01
65 YEARS OLD $91.24 $65.82
70 YEARS OLD $122.67 $85.39
75 YEARS OLD $165.91 $117.43
80 YEARS OLD $226.50 $166.81


The Graded Death Benefit product was designed to accommodate applicants who were unable to qualify for the Simplified Issue product because of health issues. This is the policy that seniors can use to compare with Lincoln Heritage Guaranteed Issue or Colonial Penn.

Although guaranteed issue insurance is considered the life insurance of last resort, applicants should know that this policy is the only solution for people who are suffering health issues that disqualify them from purchasing traditional whole life insurance. It is especially a great solution for burial insurance for seniors.


We Help You Compare and Save!
For more information about burial insurance for seniors and to get a free and confidential quote, call the professionals at Life Policy Shopper at (540) 226-8715 during normal business hours, or contact our office through our website at your convenience.
Terry Biddle is a business owner, blogger, retired Army National Guard officer and a current federal employee. He works with seniors, federal employees, and members of the military to get the most life insurance benefits at the greatest value across the full spectrum of term and permanent products from fully underwritten to no-exam and guaranteed issue. Please feel free to contact me here.

Last Updated on February 12, 2020 by lifepolicyshopper