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Security Plan Life vs ANICO: Final Expense Insurance Comparison

An in-depth comparison to help you choose the right final expense insurance carrier.

At a Glance

Feature Security Plan Life ANICO
Financial Strength A (AM Best) A (AM Best)
Max Coverage $35,000 $40,000
Medical Exam Not required Not required
Underwriting Very liberal Liberal
Issue Ages 45-85 40-85
Health Acceptance Excellent Very good
Coverage Range $3,000 - $35,000 $2,000 - $40,000
Premium Range $18 - $120/mo $15 - $130/mo

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No medical exam required Coverage in as little as 24 hours Rates from $20/month

Security Plan Life Overview

AM Best Rating: A | Founded: 1953 | Headquarters: Baton Rouge, LA

Coverage: $3,000 - $35,000 | Premiums: $18 - $120/mo

Pros

  • Excellent final expense niche
  • Very liberal underwriting
  • Quick issue
  • Competitive rates for health issues

Cons

  • Limited geographic availability
  • Smaller company
  • Less brand recognition

Best For: Applicants with health conditions who want competitive rates.

ANICO Overview

AM Best Rating: A | Founded: 1905 | Headquarters: Galveston, TX

Coverage: $2,000 - $40,000 | Premiums: $15 - $130/mo

Pros

  • Strong product lineup
  • Competitive pricing
  • Liberal underwriting
  • Fast approval

Cons

  • Less brand recognition
  • Limited online tools
  • Regional presence

Best For: Those seeking competitive rates with moderate health conditions.

Our Verdict

Both carriers excel at covering applicants with health conditions. Security Plan Life tends to be more lenient with specific conditions, while ANICO offers slightly higher coverage amounts.

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Compare rates from top final expense insurance carriers.

No medical exam required Coverage in as little as 24 hours Rates from $20/month