Aflac Life Insurance Review: The Final Expense Policy Most Seniors Don't Know About
Aflac is best known for supplemental insurance, but they also offer a competitive simplified-issue final expense whole life policy with no medical exam. Rates are comparable to Mutual of Omaha and Transamerica for most age brackets. Aflac is a strong option for seniors who want an established carrier with an AM Best A+ rating (source: Asurgo carrier analysis, June 2026).
Beyond the Duck
Aflac Sells Life Insurance? Yes, and It's Worth a Look
Most people associate Aflac with the duck and supplemental insurance products like accident, cancer, and hospital indemnity coverage. What many seniors do not know is that Aflac also offers a simplified-issue final expense whole life policy that competes directly with dedicated final expense carriers. We sell Aflac final expense through our brokerage and find it to be a genuinely competitive option for the right client.
Aflac's final expense product works the same way as policies from Mutual of Omaha or Transamerica: you answer health questions over the phone (no medical exam), receive a same-day decision, and lock in a monthly premium that never increases. The key difference is that Aflac brings an AM Best A+ (Superior) rating to the table, which is the highest tier in the AM Best rating scale and stronger than most final expense carriers.
Quick Facts
Aflac at a Glance
| Products | Final expense whole life, supplemental (accident, cancer, hospital), term life |
|---|---|
| Final expense type | Simplified-issue whole life |
| Issue ages | 45 to 80 (Preferred and Standard tiers); 45 to 75 (Modified tier) |
| Underwriting tiers | Preferred, Standard, Modified (graded) |
| Health questions | Yes (simplified underwriting) |
| Medical exam | None required |
| Waiting period | None on Preferred tier (day-one full coverage) |
| AM Best rating | A+ (Superior) |
| Best known for | Supplemental insurance; final expense is a newer addition |
| Monthly cost example | $44/mo for $10K at age 65, female, non-tobacco, Preferred tier |
Strengths
What Aflac Does Well
AM Best A+ (Superior) Rating
Aflac holds an AM Best rating of A+ (Superior), the second-highest possible rating. Only A++ (Superior) is higher. Among the carriers Asurgo represents for final expense, Aflac has one of the strongest financial strength ratings. For seniors who want the reassurance of an exceptionally well-capitalized carrier behind their policy, this is a meaningful differentiator.
Competitive Rates at Younger Ages
At ages 50 to 60, Aflac's Preferred tier rates are within $1 to $3 of Mutual of Omaha, the cheapest carrier on our panel. A 55-year-old female non-smoker pays $29 with Aflac versus $28 with MoO. That $1 per month difference is negligible, and Aflac's higher AM Best rating may tip the scale for some applicants.
Brand Recognition and Trust
Aflac is one of the most recognized insurance brands in the United States. Many seniors already have an Aflac supplemental policy or know the company from decades of advertising. Buying final expense coverage from a brand you already trust can simplify the decision. The final expense policy is a separate product and does not require an existing Aflac supplemental policy.
Three Underwriting Tiers
Aflac offers three underwriting tiers: Preferred (day-one full coverage), Standard (day-one coverage at higher rates), and Modified (graded benefit for higher-risk applicants). This means applicants who do not qualify for the lowest Preferred rates may still receive day-one coverage through the Standard tier before being placed in the graded Modified tier.
Pros & Cons
Where Aflac Falls Short
Pros
- AM Best A+ (Superior) rating
- Rates within $1 to $3 of MoO at ages 50 to 60
- Widely recognized and trusted brand
- No medical exam required
- Three underwriting tiers for precise placement
- Day-one full coverage on Preferred and Standard tiers
- Level premiums locked for life
- Issue ages starting at 45
Cons
- More expensive than MoO at ages 70+ ($18 gap at age 80)
- Maximum issue age of 80 (MoO and Transamerica go to 85)
- Modified tier capped at age 75
- Less specialized in final expense than MoO or Transamerica
- No guaranteed-issue product (SI only)
- Lower brand recognition for life insurance specifically
Aflac's cons are mostly about positioning rather than product quality. The final expense product itself is solid. The issue is that at older ages and for applicants with complex health profiles, carriers that specialize in final expense (MoO, Transamerica) tend to offer more competitive pricing and broader underwriting.
2026 Pricing
Aflac Final Expense Rates by Age (Non-Tobacco)
The table below shows monthly premiums for Aflac's final expense whole life, Preferred tier, $10,000 face amount, non-tobacco. These rates are locked for life and never increase. The Preferred tier provides full day-one coverage with no waiting period.
| Age | Female | Male |
|---|---|---|
| 50 | $27/mo | $34/mo |
| 55 | $29/mo | $38/mo |
| 60 | $35/mo | $45/mo |
| 65 | $44/mo | $56/mo |
| 70 | $56/mo | $72/mo |
| 75 | $82/mo | $100/mo |
| 80 | $116/mo | $156/mo |
Rates shown are for Aflac final expense whole life, Preferred tier, $10,000 face amount, non-tobacco, as of June 2026. Your actual premium depends on age at application, gender, tobacco use, and health answers.
Tobacco Pricing
Aflac Tobacco Rates by Age
Tobacco users pay higher premiums with Aflac. The markup ranges from roughly 30 to 50 percent above non-tobacco rates depending on age and gender. This applies to cigarettes, cigars, chewing tobacco, and nicotine products.
| Age | Female | Male |
|---|---|---|
| 50 | $38/mo | $46/mo |
| 55 | $45/mo | $56/mo |
| 60 | $52/mo | $66/mo |
| 65 | $64/mo | $87/mo |
| 70 | $76/mo | $109/mo |
| 75 | $116/mo | $161/mo |
| 80 | $156/mo | $213/mo |
Tobacco rates apply to applicants who use any tobacco or nicotine products. Rates shown are Aflac final expense whole life, Preferred tier, $10,000 face amount, as of June 2026.
Head-to-Head
Aflac vs. Mutual of Omaha vs. Transamerica
The table below compares Aflac against the two most popular simplified-issue carriers on Asurgo's panel. All rates are for female non-tobacco applicants at $10,000 of coverage on each carrier's primary Level tier.
| Age | MoO Living Promise | Aflac FE | Transamerica Express Select |
|---|---|---|---|
| 50 | $24/mo | $27/mo | $33/mo |
| 55 | $28/mo | $29/mo | $37/mo |
| 60 | $33/mo | $35/mo | $41/mo |
| 65 | $41/mo | $44/mo | $52/mo |
| 70 | $53/mo | $56/mo | $65/mo |
| 75 | $72/mo | $82/mo | $86/mo |
| 80 | $98/mo | $116/mo | $134/mo |
Where Aflac Fits in the Lineup
Mutual of Omaha is the cheapest at every age. Transamerica is the most expensive but has the most lenient underwriting. Aflac sits squarely in the middle on price, closer to MoO at younger ages and closer to Transamerica at older ages.
- Ages 50 to 60: Aflac is only $1 to $3 more than MoO. At these ages, the price difference is minimal and Aflac's stronger AM Best rating (A+ vs. A+) makes it a near-equivalent choice.
- Ages 65 to 70: The gap widens slightly. Aflac costs $3 more than MoO at 65 and $3 more at 70. Still competitive, but MoO starts to pull ahead.
- Ages 75 to 80: Aflac is $10 to $18 more than MoO. At these ages, MoO is the clear winner on price. However, Aflac is still $4 to $18 cheaper than Transamerica.
In practice, our agents quote all three carriers on every call. If you qualify for MoO at their lowest tier, we typically place you there. But if MoO's underwriting is a close call and Aflac approves you cleanly, Aflac is a strong backup with minimal price difference at most ages.
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Underwriting
Aflac's Three Underwriting Tiers
When you apply for Aflac final expense, your health answers determine which tier you are placed in. Each tier has different pricing and coverage terms.
Preferred Tier (Level Benefit)
The best rates and full day-one coverage. This is the tier shown in the rate tables above. If you are in generally good health and can answer the simplified health questions favorably, this is where you will land. The full death benefit is payable from the first day your policy is in force.
Standard Tier (Level Benefit)
Higher rates than Preferred but still full day-one coverage. Applicants with moderate health conditions that do not qualify for Preferred may be placed here. For example, a 65-year-old female pays $57 on the Standard tier versus $44 on the Preferred tier for the same $10,000 of coverage.
Modified Tier (Graded Benefit)
The highest rates with a graded death benefit during the first two years. Available only to ages 45 to 75. If you pass away from non-accidental causes in the first two years, your beneficiary receives a return of premiums paid plus interest. After two years, the full death benefit applies. This tier is for applicants whose health conditions are too serious for Preferred or Standard but who can still answer the health questions.
If you cannot answer the health questions at all, Aflac is not the right carrier. In that case, a guaranteed-issue product from AIG or Gerber Life would be the next step.
Product Clarity
Aflac Supplemental vs. Aflac Life Insurance
If you searched for "aflac life insurance" or "aflac final expense," you may be wondering how Aflac's life insurance products differ from the supplemental products the company is famous for. Here is the distinction.
Aflac Supplemental Insurance (Accident, Cancer, Hospital)
These products pay cash benefits while you are alive to help cover out-of-pocket medical costs. If you are hospitalized, diagnosed with cancer, or injured in an accident, Aflac pays you a fixed dollar amount. The benefit goes to you, not to a beneficiary. These are the products most people associate with Aflac.
Aflac Final Expense Whole Life
This is a permanent life insurance policy that pays a death benefit to your beneficiary after you pass away. It is designed to cover funeral costs, burial expenses, outstanding debts, or any other purpose your family chooses. The coverage lasts your entire life as long as premiums are paid. This is the product reviewed on this page.
The two product lines are completely separate. You do not need Aflac supplemental insurance to buy Aflac final expense, and vice versa. However, seniors who already carry Aflac supplemental products sometimes prefer to consolidate their coverage under one familiar brand.
Best Fit
Who Should Consider Aflac
Aflac final expense is a strong choice in the following situations:
- Seniors ages 45 to 65 who want a financially strong carrier. At these ages, Aflac's rates are within a few dollars of MoO, and Aflac's AM Best A+ (Superior) rating is the highest of any final expense carrier on our panel.
- Existing Aflac policyholders. If you already carry Aflac supplemental insurance and trust the brand, adding final expense coverage through the same company simplifies your insurance portfolio.
- Applicants who value brand recognition. Aflac is one of the most recognized insurance brands in the country. Some seniors feel more comfortable buying from a name they know. That comfort has value.
- Borderline MoO applicants. If MoO's underwriting is a question mark for your health profile, Aflac is a natural next option. Similar price, strong financial backing, and slightly different underwriting questions may produce a better outcome.
See If Aflac Is the Right Fit
Your Asurgo agent quotes Aflac alongside MoO, Transamerica, and 25+ carriers. You pick the one that fits.
Not Ideal For
Who Should Look Elsewhere
Aflac is not the best fit in these situations:
- Seniors over 80. Aflac's maximum issue age is 80. If you are 81 or older, Mutual of Omaha (to 85), Transamerica (to 85), and Aetna/Accendo (to 89) accept older applicants.
- Seniors who need the absolute lowest price. Mutual of Omaha is cheaper than Aflac at every age. If price is your primary decision factor and you qualify for MoO, choose MoO.
- Applicants who cannot answer health questions. Aflac is a simplified-issue carrier only. If your health prevents you from answering the underwriting questions, you need a guaranteed-issue product from AIG, Gerber Life, or Colonial Penn.
- Applicants with complex paired health conditions. Transamerica has the most lenient underwriting on our panel for combinations like insulin-dependent diabetes with COPD, or heart disease with stents. If your health profile is complex, Transamerica may produce a better outcome.
Getting Started
How to Apply for Aflac Through Asurgo
Applying for Aflac final expense through Asurgo follows the same straightforward process as any carrier on our panel.
Step 1: Quote Call
Call (855) 380-9555 or submit a quote request. Your licensed Asurgo agent will ask about your age, gender, tobacco use, and health history to determine which carriers and tiers you qualify for. This call takes 10 to 15 minutes.
Step 2: Health Questions
Your agent reads the simplified-issue health questions to you over the phone. Based on your answers, you are placed into one of three tiers: Preferred, Standard, or Modified. There is no medical exam, no blood work, and no doctor visit.
Step 3: Application
If you choose to move forward, your agent completes the application with you on the same call. The entire process from first call to submitted application typically takes 20 to 30 minutes.
Step 4: Policy Delivery
Most applications receive a same-day decision. Your policy is delivered electronically or by mail, and coverage begins on the issue date. Over 95 percent of our clients have coverage in place within 24 hours of their application.
Common Questions
Aflac Life Insurance FAQ
Does Aflac sell life insurance?
Is Aflac life insurance any good?
Does Aflac require a medical exam?
How much does Aflac final expense cost?
What is Aflac's AM Best rating?
Is Aflac cheaper than Mutual of Omaha?
Does Aflac have a waiting period?
Can seniors get Aflac life insurance?
What is the difference between Aflac supplemental and life insurance?
Can I get Aflac through an independent broker?
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Nicholas Norminton
Nicholas is a nationally licensed insurance specialist who has personally helped thousands of clients secure life insurance coverage. He built Asurgo into a trusted brokerage serving clients in all 50 states with access to 25+ carriers, including Aflac.
Sources
- AM Best Company. Aflac financial strength rating report. ambest.com
- National Association of Insurance Commissioners (NAIC). Consumer complaint data. naic.org
- Better Business Bureau (BBB). Aflac profile. bbb.org