Great Western Insurance Company Life Insurance Overview
By the Policy Help Desk Editorial Team · 3 min read
Updated September 30, 2026
Great Western Insurance Company is the life insurance carrier that underwrites Wellabe's Preneed Funeral insurance: a permanent life insurance policy that funds a funeral service arranged in advance with a funeral home.
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(866) 673-3495Key Takeaways
- •Wellabe's Preneed Funeral insurance is underwritten by Great Western Insurance Company, described on Wellabe's own site as a Wellabe company.
- •Preneed is a type of permanent life insurance that funds a funeral service agreement with a specific funeral home: the service is planned and priced with that funeral home first, and the funds are used to pay it. That is what distinguishes it from an ordinary final expense policy, which pays a cash death benefit to a beneficiary who can use it for any purpose.
- •The carrier states that premiums are never increased and the policy is never discontinued as long as premiums are paid on time; the plan can be paid in one payment or spread over three, five or ten years.
- •Health affects which plan someone qualifies for, but the carrier states that applicants are not denied a policy because of poor health.
Life-Insurance Options to Compare
Preneed Funeral insurance
Permanent life insurance that funds a funeral service agreement between the policyholder and a specific funeral home. The service is planned and priced first, and the plan is built on that amount.
- —Funds a funeral service agreement with a named funeral home
- —Covers funeral expenses only, and the funds are used to pay that funeral home
- —Single payment or payments spread over three, five or ten years
These are the product lines the insurance carrier publishes. This is an overview, not an offer or a policy illustration — actual terms, availability and eligibility come from the issuing company and the policy itself.
What to Consider
Preneed Funeral insurance
The policy funds a funeral service agreement between you and a specific funeral home, and the funds are used to pay that funeral home for the service arranged in advance. An ordinary final expense policy works differently: it pays a cash death benefit to a named beneficiary, who can generally use it for any purpose and is not tied to a funeral home.
Preneed Funeral insurance
The carrier also offers a plan for applicants who know death is imminent; confirm the benefit schedule and any waiting period in the plan documents before enrolling.
Preneed Funeral insurance
Plan amounts are based on the funeral service total.
Policies generally
The carrier states that its policies contain limitations and exclusions that vary by state, and that the plan in your state governs the details.
Questions Before You Apply?
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(866) 673-3495Frequently Asked Questions
Is Great Western a life insurance carrier?
Yes. Great Western Insurance Company underwrites Wellabe's Preneed Funeral insurance and is described on Wellabe's own site as a Wellabe company. It is reviewed here as a carrier, not as an agency or comparison service.
What is Preneed Funeral insurance?
A type of permanent life insurance that covers funeral expenses. You plan the funeral with a funeral home first, the funeral director totals the costs, and that amount becomes the basis of the plan. The funds are used to pay that funeral home.
How is Preneed different from an ordinary final expense policy?
Preneed funds a funeral service agreement with a specific funeral home and covers funeral expenses only, so the funds are used to pay that funeral home. An ordinary final expense policy pays a cash death benefit to a beneficiary, who can generally use it for any purpose. A preneed plan is not a general cash benefit.
Does poor health disqualify me?
The carrier states that health may determine which plan you qualify for, but that applicants are not denied a policy because of poor health. Any waiting period is set by the plan documents.
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(866) 673-3495Who You Are Calling
Policy Help Desk is operated by Greystone Insurance Group LLC, a licensed Florida insurance agency (License #L132255). Calls may be handled by Greystone Insurance Group LLC or by a licensed independent insurance agent who can discuss available coverage options.
The number on this page is Policy Help Desk's own contact number. Policy Help Desk is not Great Western Insurance Company's customer-service department. Availability of that company's products through the agent handling your inquiry depends on that agent's appointments, the product and your state.
Being included in this overview is not an endorsement of the company or its products by Policy Help Desk. Facts come from the sources listed above and were last verified September 30, 2026; they can change. Nothing here is an offer of insurance, a quote, or a statement that any applicant will qualify for coverage.