Shuman Roy is an entrepreneur, business owner, and musician. He started RoysNoys, LLC in 2013 as a music production and education service company. He also offers small business consulting and advisory services to help businesses get from start-up mode to turn-key operations. Shuman earned his M.B.A from the Stern School of Business in 2001 and has an undergraduate degree from Manhattan College in ...

Full Bio →

Written by

Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Joel...

Full Bio →

Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jul 19, 2021

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.

The Truth in a Nutshell

  • Continental Life Insurance Company provides two coverage options under final expense whole life insurance
  • People between 45 and 89 are eligible for Continental life insurance policies
  • Continental life insurance rates start as low as $23/mo
  • Continental Life has an “A” rating from A.M. Best for financial strength

The Continental Life Insurance Company is owned by Aetna and is limited to final expense whole life insurance. Life insurance is cheaper for younger people, but Continental life insurance customers will likely pay more than average.

You may be wondering, why is insurance so expensive with Continental Life Insurance Company? Don’t worry – we’re here to help you learn more about Continental life insurance quotes.

As you read our guide, you’ll learn everything you need to know about Continental life insurance rates, insurance products, and third-party ratings.

Continue reading to learn more about affordable Continental life insurance. Use our free online quote tool above to compare multiple companies in your local area and secure the best rates.

What Continental life insurance products are available?

Final expense burial insurance is the only life insurance policy at Continental life insurance. However, there are two different benefits you can choose from.

  • Final Expense Whole Life – Level Benefit
  • Final Expense Whole Life – Graded Benefit

The level benefit provides the full death benefit, but the graded benefit only offers the full death benefit upon accidental death. To receive the full death benefit under the graded benefit, you’ll have to wait three years.

There are no additional life insurance riders under Continental life insurance.

However, there are other medical insurance plans connected to Aetna. Therefore, a Continental Life Insurance Plan G is Continental Life’s connection to Medicare Plan G.

Compare Quotes From Top Companies and Save

 Secured with SHA-256 Encryption

How much are Continental life insurance rates?

Before you buy Continental life insurance, you should know more about how much customers pay per month. Check out these sample burial rates from Continental Life Insurance Company Incorporated.

Average Monthly Continental Final Expense Whole Life Insurance Rates by Policy, Gender, and Age
Policyholder AgeAverage Monthly Rates for $5,000 Policy (Female)Average Monthly Rates for $5,000 Policy (Male)Average Monthly Rates for $20,000 Policy (Female)Average Monthly Rates for $20,000 Policy (Male)Average Monthly Rates for $35,000 Policy (Female)Average Monthly Rates for $35,000 Policy (Male)
60$22.92$27.50$81.67$100.00$140.42$172.50
65$27.50$32.92$100.00$121.67$172.50$210.42
70$34.58$42.50$128.33$160.00$222.08$277.50
75$44.58$55.83$168.33$213.33$292.08$370.83
80$61.25$74.58$235.00$288.33$408.75$502.08
85$82.50$101.25$320.00$395.00$557.50$688.75
Get Your Rates Quote Now

Compare RatesStart Now →

Your Continental life insurance payment varies by age, gender, and policy limit. Older policyholders pay more for burial insurance because they have a lower life expectancy, and female customers pay less because they have higher life expectancy than male customers.

Does Continental Life Insurance have any financial strength ratings?

Continental Life shares its A.M. Best rating with Aetna. According to A.M. Best, Aetna and its subsidiaries have an “A” rating, which means the company is financially stable and has an excellent ability to meet obligations to customers.

Aetna and Continental Life didn’t make the J.D. Power Life Insurance Customer Satisfaction Study, but the National Association of Insurance Commissioners (NAIC) reported that Continental Life had a complaint index lower than the national average.

Continental Life Insurance: Pros & Cons

Let’s look at a few highlights to see the advantages and disadvantages of Continental Life.

Comparing Pros and Cons at Continental Life Insurance
Continental Life ProsContinental Life Cons
30-Day Free Look PeriodOnline quotes are not available
Life insurance rates won't increaseGuaranteed issue term and burial insurance not available
No medical exam life insurance availablePolicies limited to people who are between 45 and 89 years old
Get Your Rates Quote Now

Compare RatesStart Now →

Continental Life doesn’t provide a diverse selection of life insurance compared to the competition, which may turn customers away.

How do you cancel Continental life insurance?

You can cancel your Continental life insurance policy by calling Continental Life or Aetna and let them know you want to cancel. If you cancel within 30 days of getting the policy, you won’t have to worry about any additional fees.

Compare Quotes From Top Companies and Save

 Secured with SHA-256 Encryption

Continental Life Insurance Company Review

The Continental Life Insurance Company was founded in Brentwood, TN, around 1983. It was known for providing supplemental life insurance for seniors. By 2011, Aetna purchased the company and added Continental Life’s supplemental insurance to its services.

Continental Life Insurance is available across the United States, but you won’t get a policy in Alaska, California, Connecticut, Hawaii, New York, Maryland, Massachusetts, New York, Maine, Vermont, and Washington.

Continental Life Insurance: What’s the bottom line?

Continental Life insurance may be a convenient option for Medicare recipients who don’t want to shop for life insurance.

However, it may be cheaper to shop around for a more affordable company since Continental life insurance becomes more expensive for senior customers.

Start with the top 10 life insurance companies in the United States to see if they have policy rates that fit your budget.

Now that you know more about Continental life insurance, enter your ZIP code in the free comparison tool below to compare multiple companies near you and locate the best life insurance quotes.