Standard Life and Casualty Burial and Final Expense Insurance Review

Standard Life and Casualty Burial and Final Expense Insurance Review

Preplanning a funeral is important. Considering the decisions that have to be made and the costs that will be incurred, it’s better to be prepared beforehand. While most people may not like to discuss the details of their funeral, the very least you can do is to plan for the finances. 

Final expense insurance is a great option in such cases. It allows you to financially prepare for your death, without getting into the details of the funeral. 

Final Expense Insurance is simply a modified type of whole life insurance. Unlike standard whole life policies, it is easily approved and offers a more affordable premium. It offers death benefits that cover funeral costs and unexpected bills in the event of death. The policy can sometimes be referred to as burial or funeral insurance.  

If you have started thinking about final expense then you may have realized that there are a lot of companies offering such policies. The dilemma of being spoilt for choice is that you do not know which company is the best one for you. 

The misunderstanding that people have is that the cheaper the premium offered the better the policy. A good policy is, however, based on how good the benefits are while remaining within your budget. 

As you hunt for the right company, you may have come across Standard Life and Casualty Insurance Company. In this post, we’ll be looking at the company, the products it offers, and its rate. With this information, you can decide whether or not the company is right for you. 

Overview of Standard Life and Casualty

Standard Life and Casualty company's products support every phase of life, from mortgage and accident insurance to Medicare.

The company was founded in 1933 where it was known as The Hospice Service Company. It operated from Oklahoma City and at the time only provided hospitalization protection to a limited number of hospitals. 

Over time, they quickly expanded their services and begun offering products such as health, surgical and accident insurance policy.

With the expansion, the company underwent several name changes until it finally became Standard Life and Accident Insurance Company in 1940. 

Around this time the company expanded stating from the Midwest, acquiring subsidiaries along the way. In 1968, the company had managed to accrue a life insurance policy value of $1billion and was operating in 32 states in the country.

A company by the name of American National Insurance company acquired Standard Life and Accident Insurance company as a subsidiary in 1976. Standard eventually relocated its headquarters to Galveston, Texas, where the current parent company at the time was relocated. 

By 2020, Standard Life and Accident Insurance Company was acquired by Manhattan Life Insurance Company. Today, Standard Life and Accident offers both individual and group policies. 

Their products include Medicare supplements, critical illness, hospital indemnity, and life insurance. It has assets worth$37million which generates annual revenue of $12.5 million of the annual premium.


Despite having been operating for many years, there isn’t a lot of information about the reputation of the company. While in some cases the lack of reviews may be a good sign, considering how long the company has been running, that may not necessarily be the case. 

As of date the company has not been rated by Better Business Bureau (BBB). It, however, has not received any complaints in the past three years, which is a good sign that they have good customer service.

Although the company has not been rated by many of the large financial companies like Moody’s, it does have a B rating from A.M. Best. 

This rating means that the company has a relatively good financial standing. Therefore, you can trust that it will pay out claims on your policy when the time comes.


Standard Life and Casualty Insurance company has a range of products including Medicare supplements, health insurance, and life insurance. The following is an in-depth look at the main products offered by the company:

Health Insurance

The company does not offer medical policies that cover major medical bills. Rather it offers supplemental and short-term policies that have been designed to cover the out-of-pocket costs for medical other needs. The following are examples of the policies offered:

Standards Hospital Indemnity, this policy offers benefits to those in intensive care, hospital confinement, or others services like ambulance services and hospital admission fees. 

Accidental death and dismemberment are another policy that offers lumpsum death benefits, or to cover any costs of a serious accident that led to the loss of your limbs and/or eyesight or hearing. Unlike the accidental death and dismemberment policy, accidental insurance offers benefits in case of an accident. 

The benefits should cover medical costs, coinsurance, and any cost incurred for household help like additional childcare. 

There is also, Standard’s cancer insurance designed to be a supplemental policy that covers expenses not paid by the major medical coverage. 

Similarly, the Critical Illness policy is designed to offer a lump sum benefit to those diagnosed with several serious illnesses. The benefits are meant to cater to any medical and household expenses. Recovery care insurance, on the other hand, is designed to cover the cost of staying in a nursing home or convalescent facility until full recovery.

With the Limited Medical Insurance offered by Standard Life, there are two types. One act like an add-on supplemental policy that caters for out-of-pocket costs for regular treatment not covered by major medical policies. 

The other type is the Short-term Limited Medical policy. It is designed as a stand-alone policy that offers insurance during the gap in major medical covers. The cover will normally last for one year. 

Group Insurance

Group covers are normally single policies issued to a group, usually employees. Standard Life’s group coverage involves a range of voluntary employee benefits that are offered even to small companies. The benefits include cancer, illness, short-term disability, accident, and even group whole life.

Life Insurance.

Standard Life and Casualty Insurance policy offers two types of life insurance, that is, term life and final expense whole life insurance. The term life policy comes with several term options which are 10, 15, 20, and 30 years. 

The policy is issued to those between the ages of 18-70 years and can have a coverage amount that starts from $50,000. Aside from the mentioned age bracket, there are several other underwriting classes. The policy also includes an additional life benefit and rider.

The final expense whole life policy offered by Standard Life is called Secure Advantage Guard Whole Life. It’s a permanent type of life insurance policy issued to applicants aged 18-85 years offering a coverage amount of $2,000-$75,000. 

The policy has fixed premiums and a fixed and immediate death benefits with no waiting period for graded benefits.

Rates and Quick Quotes.

Standard Life and Casualty Insurance Company offers universal life coverage designed like two groups of preferred and standard rates.

The rates offered for the Final Expense policy offered at Standard Life are based on factors like gender, face amount, and the two groups of preferred standard rates. Generally, the preferred rates are higher than the standard rates. 

Additionally, the rates offered for men are more compared to than of women. It also increases with age and the face amount being offered. Below are the rates for men and women offered based on the face amount and age:

The company doesn’t offer online quoting. To get a quote you can reach out to one of their local agents. Alternatively, you could call their toll-free number and ask for a quick quote depending on what your budget is.


Given the company offers life and health insurance, they have two separate lines for making claims, one for life and one for health claims. 

For life claims you can report them over the phone during business hours which are normally Monday to Friday 8:00 am-5:00 pm Central time. 

For health claims, a toll-free number is provided for you to get assistance. The calling time is not specified but it’s likely during the same business hours as Life claims.

For both, however, you can find their claim forms on the company’s website. You can download the necessary form, fill it and have it mailed back to the company. Once they’ve received your form the claiming process will begin from there.

How to Qualify for Standard Life and Casualty Final Expense insurance?

To get qualified for Standard Life and Casualty Final Expense insurance one should meet various health factors.

Before standard life issues their final expense policy, they look at various factors. To begin with, you will be asked for your height and weight. This is one of the major defining factors, if you do not meet the required weight and height then you are disqualified. 

Another factor they look at is age. The primary policy is offered to those between the ages of 18-85. You will also be disqualified if you do not fit within the age bracket. As for health, there isn’t necessarily any need for a medical examination, however, there are certain knockout questions. 

Other factors considered are whether or not you’re a smoker or non-smoker as well as your medical history and existing conditions. These factors do not directly disqualify you from being eligible for the policy. They do, however, determine the kind of benefits you get, whether immediate or graded benefits.

Additional Benefits Available.

There are two available benefits Standard offers along with the final expense policies, the two benefits are:

Accidental rider – this benefit is designed in case of an accident. According to the benefit, the company will pay out $10,000 as an additional benefit for the accident. The benefit, however, expires when the insured reaches 70 years old.

Children’s rider – this particular benefit is for applicants with children or planning to have children in the future. Based on the rider, every child, whether born or not or adopted, are eligible to be covered under the policy. 

The rider will ensure that your child will have insurance when they reach adulthood. That means that the cover offered by your policy can be converted to a permanent plan when the child reaches 25 years.

Underwriting Overview and Advantages

During the underwriting process for the Final Expense offered by Standard Life, several factors are considered. There are several underwriting classes in which the applicants have been grouped. First, the applicants are divided based on gender that is male and female. 

The applicants are then divided based on whether they are smokers or not. The final determining factor is the health status and medical history of the applicant. 

Generally, there are medical examinations required. There are, however, health questions the applicants have to fill in their applications. 

The information given is then counterchecked by conducting a MIB and prescription check. Once the information is confirmed, the applicants are either given the immediate benefit and graded benefit. 

If you pass the health test, you are eligible for immediate benefit. If you do not meet all the health requirements you may be qualified for the graded benefit. 

Some of the underwriting advantages offered by Standard Life are as follows:

  • They offer very competitive smoker and non-smoker rates for both males and females.
  • Having Diabetic Neuropathy doesn’t disqualify you from being eligible for the policy.
  • You also do not get any look-backs if you use insulin.
  • You do receive a 2-year look back on non-congestive heart failure events and most cancer cases.

What Are the Knockout Questions?

Knockout questions are normally set by insurance companies set in place to assess the eligibility of the applicants. These knockout questions are common for whole life insurance. 

This is because permanent life insurance has a higher risk and therefore is more vigilant with the underwriting process. The following are some of the knockout questions used by Standard Life:

  • What are your height and weight?
  • Has the Proposed Insured used nicotine-based products in the last 12 months?
  • Are you currently: hospitalized, confined to a bed or nursing facility, or using oxygen equipment to assist in breathing, or receiving Hospice Care?
  • Have you had, or been medically advised to have an organ transplant, or have you been medically diagnosed as having a life expectancy of 12 months or less?
  • Have you been declined or postponed for Life or Health insurance in the past 12 months?
  • In the past 10 years, have you been convicted of a felony, or are you now on parole or probation?
  • In the past 10 years, have you been convicted of a felony, or are you now on parole or probation?
  • Within the past 60 months have you been treated by a member of the medical profession for Insulin shock, diabetic coma, diabetic retinopathy, or hospitalized two or more times for any diabetic complications?

What Are the Health Questions Asked for a Whole Life Policy?

One can expect the life insurance application to ask questions about: Medications you take, Surgeries or your family's medical history.

As mentioned, when it comes to life insurance, insurance companies take up a lot of precautions. They need to gauge how much risk they will take up by issuing you with a policy. That is why they have to assess every applicant’s health. 

While some companies and policies require a medical examination, others are more lenient. Final expense policies are especially lenient when it comes to a medical examination. Instead of the examinations, most companies have health questionnaires that all applicants will have to fill. 

The questions vary based on the company. The following are some common questions that insurance companies will ask:

  • Are you currently on any medications?
  • Have you been diagnosed with a lifetime, or terminal illness like HIV/AIDS, heart conditions, or any kind of cancer?
  • Do you suffer from any abnormalities, that is, with your nervous system, respiratory system, digestive system, or any organ failures?
  • Do you have any mental health conditions like depression or anxiety?
  • Does your family have any history of hereditary diseases?
  • Have you ever had surgery done or been advised to do any surgery?

Those who have a bad health status may be disqualified for a policy or end up paying a higher rate than the rest. It depends on whether the company is willing to bear the risk or not. The answers to these questions will determine your eligibility for a policy.

You must be honest and upfront about your health status and the information you give to your agent. If the information turns out to be false, at the very least you will lose your policy. 

How to Sell Standard Life and Casualty Final Expense Products?

Provide your clients with the peace of mind that comes with knowing they and their families are prepared for the future.

As an agent, to be able to sell Standard Life’s final expense you have to be contracted by the company. For that, you have to be a licensed agent as well with the proper accreditation and qualification. 

Selling the Final expense policy for Standard Life has its advantages. The biggest advantage is that they have competitive rates that make it easy to sell. 


The Standard Life and Casualty Insurance policy is an old company that has been running for many years. The final expense policy has a lenient underwriting process and competitive rates. 

Although there aren’t a lot of ratings for the company, the B rate by A.M. Best proves that they have good financial standing. That means you can be assured that they will pay out the claim when the time comes.