Aetna Life Insurance Review In Florida

If you know Aetna, you probably think of health insurance first - and that makes sense. They’ve been a national name in the health and Medicare world for decades.

But what many people don’t realize is that Aetna also offers a suite of life insurance products, including final expense coverage and simplified issue whole life - often through its affiliated carriers like Accendo Insurance Company, a CVS Health company.

Whether you’re looking for a small policy to cover funeral costs or you’re in your 40s or 50s thinking about longer-term protection, Aetna’s life insurance offerings are built to be simple, affordable, and easy to get - especially for seniors and Medicare-eligible adults.

In this review, we’ll walk through the types of life insurance Aetna offers in Florida, how much they cost, how they compare to competitors like Colonial Penn, and who these policies are actually best for.

If you want clear answers without the sales fluff, this guide is for you.

What Life Insurance Plans Does Aetna Offer?

Aetna keeps things simple - and that’s one of the reasons people trust them.

They focus on a core group of life insurance policies that work for real-world situations: protecting income, leaving behind something meaningful, or making sure your family isn’t left with burial bills.

Here are the main options:

• Term Life Insurance – Affordable, temporary coverage for younger adults and families who need protection during their working years.
• Whole Life Insurance – Permanent coverage that builds cash value over time and can be used for long-term planning.
• Final Expense Insurance (via affiliates like Accendo Insurance Company) – Simplified-issue, no-exam policies tailored for seniors who want to cover funeral costs or leave behind a small benefit.

Let's look at these options in a little more detail.

#1. Term Life Insurance

Aetna’s term life insurance is built for short-term financial protection. It’s ideal when you have people relying on your income - and want to make sure they’d be okay financially if something happened to you.

Policies come in 10, 15, 20, or 30-year terms, with level premiums throughout the duration.

You choose how long you need the coverage, and once the term ends, the policy expires or can be converted to permanent coverage if available.

Best for:

• Adults under 60
• Young families
• Homeowners with a mortgage
• Business owners with debt or succession concerns

What it’s used for:

• Replacing lost income
• Paying off debts
• Funding a child’s education
• Covering day-to-day expenses if you’re no longer around

Aetna’s term life typically requires a brief health screening and agent-guided application.

While it’s not a flashy product, it’s dependable and affordable - exactly what many people need.

#2. Whole Life Insurance

This is a lifetime plan - it never expires as long as you pay your premiums. Aetna’s whole life policies are often chosen by people who want long-term protection and predictability, especially as they age.

Whole life builds guaranteed cash value, which you can borrow against later if needed, and premiums are locked in for life.

It’s ideal if you want to leave a small inheritance or ensure that funeral costs are handled in advance.

Best for:

• People age 45+ who want coverage that won’t disappear
• Those looking for a stable, fixed-cost plan with cash accumulation
• Adults planning ahead for estate or final expense needs

What it’s used for:

• Creating a modest legacy for children or grandchildren
• Paying for final expenses
• Long-term planning that doesn't rely on stock market risk

Aetna’s whole life is less about high coverage amounts and more about reliability and peace of mind.

#3. Final Expense Insurance (Simplified Whole Life)

Final expense policies are where Aetna - through Accendo Insurance Company - stands out most. These plans are designed for seniors who want just enough coverage to handle funeral costs, medical bills, or unpaid debts.

There’s no medical exam required, and most people can be approved within a few days.

Coverage typically ranges from $2,000 to $25,000, and benefits are guaranteed as long as premiums are paid.

Best for:

• Seniors age 50 to 89
• Those on a fixed income who want predictable costs
• Medicare-eligible Floridians looking to bundle final expense planning with their health coverage

Why it works:

• Fixed premiums for life
• Guaranteed death benefit
• No rate increases
• Easy application with minimal health questions

These policies are often bundled during Medicare consultations and provide a clean, fast solution for families who don’t want to leave loved ones with a financial burden.

What Are the Most Popular Life Insurance Plans with Aetna?

While Aetna offers several types of life insurance, two plans clearly stand out as the most commonly selected - each appealing to a different stage of life.

These aren’t just the most advertised policies - they’re the ones real people actually choose, often with the guidance of a licensed agent who understands the balance between cost, simplicity, and need.

Term Life Insurance: A top pick for younger adults and growing families, Aetna’s term life insurance is designed for affordability and straightforward protection. Most applicants choose it when they have a mortgage, young children, or income that others depend on.

What makes it popular:

• Budget-friendly for high coverage amounts
• Clear end dates - perfect for temporary needs
• Flexibility to convert to permanent coverage later
• Often part of broader financial planning alongside health or disability coverage

It’s the go-to plan for anyone who wants peace of mind during high-responsibility years without locking into a lifetime policy.

Final Expense Whole Life Insurance (via Accendo): This is Aetna’s most requested life insurance product among seniors - especially in Florida. Final expense coverage is simple, requires no medical exam, and is often discussed during Medicare plan reviews.

What makes it popular:

• Issue ages from 50 to 89
• Low face amounts (typically $5,000 to $25,000) to keep premiums affordable
• Fast approvals - usually within a few days
• Designed specifically for burial costs, medical bills, and small debts

Many applicants choose this policy because they want to avoid burdening their family with final expenses, but they don’t want to jump through hoops to get covered.

And because it’s underwritten by Accendo Insurance Company, a CVS Health affiliate, the process is often streamlined alongside other Aetna services.

7. How Much Does Aetna Life Insurance Cost?

Let’s face it - most people’s first question is, “How much will this cost me?”  

Aetna stands out with competitive pricing, particularly for individuals in good health and seniors seeking final expense coverage.  

Below, you’ll find real 2025 sample rates based on verified pricing for non-smokers in excellent health.

Does Whole Life Insurance Have Waiting Periods?

Aetna, through its affiliate Accendo Insurance Company, offers three types of final expense whole life insurance plans: Preferred (Level), Standard (Level), and Modified.

Each plan has different underwriting criteria and waiting periods, tailored to accommodate various health conditions.

Preferred (Level) Benefit Plan

• Eligibility: Applicants in good health who answer "No" to all health questions.
• Coverage: Full death benefit from day one, regardless of the cause of death.
• Waiting Period: None.
• Issue Ages: 40 to 89

This plan is ideal for individuals in good health seeking immediate coverage without any waiting periods.

Standard (Level) Benefit Plan

• Eligibility: Applicants with minor health issues who answer "Yes" to some health questions.
• Coverage: Full death benefit from day one, regardless of the cause of death.
• Waiting Period: None.
• Issue Ages: 40 to 89.

This plan suits individuals with manageable health conditions, offering immediate coverage similar to the Preferred Plan but with slightly higher premiums.

Modified Benefit Plan

• Eligibility: Applicants with more significant health concerns who answer "Yes" to specific health questions.
• Coverage:
• • Years 1–2: If death occurs due to natural causes, the beneficiary receives 110% of the premiums paid.
  • After Year 2: Full death benefit is payable.
  • Accidental Death: Full death benefit is payable from day one.
• Waiting Period: Two years for non-accidental deaths.
• Issue Ages: 40 to 75.

This plan is designed for individuals with more serious health conditions, providing a graded benefit structure to accommodate higher risk.

Key Takeaways:

• No Waiting Period: Both Preferred and Standard plans offer immediate coverage for applicants who qualify.
• Two-Year Waiting Period: The Modified plan includes a two-year waiting period for natural deaths, with a return of premiums plus 10% interest during this period.
• Accidental Death Coverage: All plans provide full death benefits for accidental deaths from day one.

How Does Aetna Compare to Colonial Penn Final Expense Insurance?

If you’ve watched daytime TV, you’ve probably seen a Colonial Penn commercial - the ones that promise guaranteed acceptance and $9.95 “units.”

But when you look closer, there are some key differences between what they’re offering and what you get with Aetna (through its affiliate, Accendo Insurance Company).

Let’s break it down.

Colonial Penn Final Expense Insurance

• Heavy on national TV marketing
• Guaranteed acceptance, no health questions asked
• Mandatory 2-year waiting period for all policies, no exceptions
• Pays only a return of premiums (plus a small amount of interest) if death occurs within the first two years due to natural causes
• Unit-based pricing: Each “unit” buys a small amount of coverage based on your age and gender - usually much less than people expect
• Limited transparency in what you’re actually getting

In short, Colonial Penn makes it easy to qualify - but you pay for that ease with limited coverage and a guaranteed waiting period.

Aetna Final Expense Insurance (via Accendo Insurance Company)

• Simplified underwriting - you answer a few health questions, and many people qualify for full day-one coverage
• No unit-based gimmicks - you choose a clear benefit amount: $5,000, $10,000, $15,000, etc.
• Offers level benefit plans with no waiting period for healthy and moderately healthy applicants
• Also provides graded or modified plans if you have more serious health conditions
• Backed by a trusted health and life insurance brand - often bundled with Medicare Advantage reviews

You get more clarity, better value, and faster benefit eligibility - especially if you’re reasonably healthy and want to avoid the 2-year delay.

Final Verdict

Colonial Penn may win on marketing - but Aetna wins on substance.

If you qualify, Aetna offers:

• Immediate full coverage
• More benefit for every dollar you spend
• Transparent pricing without the “unit” confusion

For most Florida seniors who want reliable final expense coverage with minimal hassle, Aetna (via Accendo) is the better deal - hands down.

How Do I Apply for Aetna Life Insurance?

Applying for Aetna life insurance is a straightforward process designed to be completed through a licensed agent.

This approach ensures that you receive personalized assistance tailored to your specific needs and circumstances.

Step-by-Step Application Process

1. Initial Consultation: Discuss your age, health status, financial goals, and existing coverage to determine the most suitable Aetna (or affiliated) product for your situation.
2. Pre-Approval Assessment: Complete a health questionnaire and, if applicable, a prescription history check. Note: For final expense policies, this step helps identify eligibility for Preferred, Standard, or Modified plans.
3. Application Submission: Your agent will assist you in completing the application, which can be submitted electronically or via paper forms. You'll provide necessary personal and health information, and consent to any required disclosures.
4. Underwriting and Approval: Final Expense/Whole Life has simplified underwriting with no medical exam; approval can be as quick as the same day, typically within 2–3 business days. Term Life may require a medical exam; approval timelines range from 2 to 6 weeks, depending on the complexity of underwriting.

Information You’ll Need to Provide

• Personal Details: Full name, date of birth, address, and contact information.
• Health Information: Medical history, current medications, and any existing conditions.
• Financial Information: Bank account details for premium payments.

Pro tip: Ensure a smooth application by providing accurate information, preparing necessary documents in advance, and maintaining open communication with your agent.

Bottom Line

Aetna offers a focused range of life insurance plans designed to meet real-life needs at different stages of life.

Whether you're a young adult protecting your income with a term policy, a midlife planner looking for permanent whole life coverage, or a senior preparing for final expenses, Aetna keeps things simple, predictable, and accessible.

Their offerings include term life insurance for affordable short-term protection, whole life for long-term planning and cash value growth, and final expense insurance -underwritten through Accendo - for easy, no-exam coverage tailored to seniors.

What really sets Aetna apart is their commitment to clear, no-nonsense coverage options that align with everyday goals and budgets. Their final expense plans are especially popular among Medicare-eligible seniors, thanks to fast approvals, fixed premiums, and guaranteed benefits.

Unlike heavily advertised alternatives like Colonial Penn, Aetna often provides immediate, full coverage with more transparency and better value for your money.

If you're looking for straightforward life insurance with dependable support, Aetna delivers coverage you can count on, without the gimmicks.

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