Choice Mutual Insurance Agency is the largest final expense life insurance marketplace online in America today. The agency was started by Anthony Martin in 2013 and is licensed in all 50 states, including the District of Columbia.
Final expense insurance, also referred to as burial insurance, covers end-of-life expenses including funeral arrangements and any remaining medical or legal expenses that will need to be settled by your beneficiary. With final expense life insurance, someone’s surviving family doesn’t have to pay the costs, which typically range between $10,000 and $30,000.
Usually, you can buy a new final expense life insurance policy until age 85. Therefore, if you feel your end of life is near and don't want your survivors to pay for your burial expenses, best to this type of policy.
Specializes In Final Expense Life Insurance
What's unique about Choice Mutual is that it solely focuses on final expense life insurance. Therefore, it has deep expertise and a deep network of leading insurance partners.
CM is not an insurance provider. It's an insurance agency that helps clients find the best final expense insurance plan from its network. Choice Mutual allows consumers to view pricing and policy options all in one place.
Choice Mutual Insurance Agency is independent and partners with 18 different leading insurance carriers. This way, the agency can objectively compare each one to ensure clients get the best policy for their customized needs.
Insurance Carriers Partnering With Choice Mutual Insurance Agency
Here are the 18 partners Choice Mutual works with to help you get the best final expense life insurance. They are in alphabetical order.
- Aetna
- AIG
- American Amicable
- American Home Life
- Americo
- The Baltimore Life Group
- Columbian Financial Group
- Foresters Financial
- Gerber Life Insurance Company
- Great Western Insurance Company
- Guarantee Life Trust
- Liberty Bankers
- Mutual Of Omaha
- Nationwide
- Prosperity Life Group
- Royal Neighbors Of America
- Transamerica
As you can see from the insurance carriers that partner with Choice Mutual Insurance Agency, they are all the largest and most well-respected insurance companies in America.
With such a large network of partners, prospective clients coming to Choice Mutual will feel more confident knowing they are getting the best insurance plan possible for the best rate.
Choice Mutual has a custom-built quoting software that allows users to see actual prices from all carriers in their state. It even shows them prices from carriers they do not represent such as Colonial Penn and AARP to name a couple of them.
Strong Customer Reviews Of Choice Mutual
Choice Mutual has just sho of 1,000 5-star online reviews across various platforms. These platforms include Google (130 reviews averaging 4.9 stars), Facebook (23 reviews averaging 5 stars), Better Business Bureau (A+), and TrustPilot (750+ reviews).
Having so many positive customer reviews since 2013 is a great sign that Choice Mutual Insurance Agency is a trustworthy final expense life insurance platform. Their agents are repeatedly described as friendly and helpful in their reviews.
Example of a positive review on TrustPilot.
When I looked for affordable life insurance, I did not expect the excellent service and response I received. When Brian Barber responded, I could not have been more pleased. I felt as if I were talking with an old friend or a colleague. He was informative, personable, respectful and patient. After thoroughly explaining my options, he gave me time to think over the options before making a final decision. It is the lack of the hard sell that helped me accept the plan I purchased from Brian.
How Does Choice Mutual Make Money?
For the customer, there is no cost to finding the best final life insurance policy when going through Choice Mutual. The agency gets paid a commission by the insurance carrier for each policy they sell. In other words, CM is a lead generator for insurance carriers.
Further, there are no broker fees or additional premiums due when you buy a policy through the agency. Choice Mutual helps you save money by comparison shopping across its network of 18 life insurance carriers. This way, you ensure you're getting the best deal possible.
All of Choice Mutual's sales agents earn salaries and are not paid on a commission basis. As a result, there are no high-pressured sales tactics. Their agents goal is to recommend the best final expense life insurance possible for you. which means you can trust that they have your best interests at heart.
Choice Mutual's Top-Paying Partners
Below are Choice Mutual's top partners that pay Choice Mutual the post. Personally, I've never seen such transparency before.
- Americo
- Mutual of Omaha
- Accendo Life Insurance Company (Aetna)
- Foresters Financial
- Royal Neighbors of America
- Prosperity Life Group
- American Amicable
- Transamerica
- American Home Life
When suggested a policy by an insurance carrier, it's always worth doing your own independent research as well.
Shop For Final Expense Life Insurance In One Place
Instead of going to individual carriers to get final expense life insurance, check out Choice Mutual to get multiple quotes all in one place. It's the most efficient way to shop around for burial insurance.
At the end of the day, life insurance is an act of kindness. Final expense life insurance helps alleviate the burden of loss for your surviving family members and friends.
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Financial Samurai is one of the largest independently-owned personal finance sites that started in 2009. Choice Mutual Insurance Agency Review is a FS original post.