Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Jul 15, 2021

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The Facts of Life

  • Oxford has lower rates than Great Western
  • Great Western offer policies specifically for those in poor health
  • Great Western and Oxford have been rated equally by A.M. Best

Great Western and Oxford are two of the best life insurance companies, providing final expense coverage for various customers. Oxford has lower rates, but Great Western offers coverage for those in poor health. Comparing Great Western vs. Oxford will allow you to discover the best choice.

Before starting this Great Western vs. Oxford comparison, enter your ZIP code to get free life insurance quotes from different companies in your area.

Great Western vs. Oxford: What are their monthly rates?

Comparing affordable Great Western vs. Oxford life insurance rates will help you find the most cost-effective option. The following charts show the monthly Great Western and Oxford rates for a $10,000 whole life policy based on age and gender.

The first chart shows the rates for males.

Great Western vs. Oxford: Male Whole Life Average $10,000 Policy Monthly Rates by Age
AgeGreat Western Average Monthly RatesOxford Average Monthly Rates
Age 50$58.00$24.51
Age 60$71.25$39.90
Age 70$109.58$68.43
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The following chart shows the same information for females.

Great Western vs. Oxford: Female Whole Life Average $10,000 Policy Monthly Rates by Age
AgeGreat Western Average Monthly RatesOxford Average Monthly Rates
Age 50$48.10$20.54
Age 60$61.25$32.32
Age 70$92.08$52.12
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As you can see, Oxford has lower rates than Great Western, and rates are lower for women than for men.

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Great Western vs. Oxford: What policies are offered?

Great Western and Oxford provide whole life insurance policies for final expenses. Comparing the specifics of these policies will help to determine the company that best fits you.

Great Western offers two policies, both of which are for final expenses. The choice between the two depends on your health history as one is for customers in good health and the other is for those in poor health.

The Assurance Plus plan is for customers in good health. Answering some health questions and providing some funds for medical expenses can help those eligible obtain a 25% increase to the death benefit. It also features a quick underwriting process for fast policy approval.

The Guaranteed Assurance plan is for customers that have had a severe medical condition. There is no underwriting, so policy approval is guaranteed. However, the lack of medical information increases the risk, so the rates are higher for this policy.

In addition to final expense insurance, Great Western also offers pre-need insurance. This policy allows a customer to pay for their funeral and burial expenses before death. The death benefit goes directly to the funeral home of your choice, taking that burden off of your loved ones.

Oxford offers two policies for final expenses and one to assist with inheritance. All of these policies are for customers 50 years and older. Additionally, while a medical exam is not required, customers will be asked to complete a medical questionnaire.

The Assurance and Assurance One plans are for final expenses, and coverage ranges from $5,000 to $30,000. The Assurance plan features level rates that can be paid monthly or annually. The Assurance One plan is a single-premium policy.

The Prosperity Select plan allows customers to leave an inheritance with minimal tax liability. This plan is available for customers between 50 and 85 years of age, and coverage ranges from $5,000 to $30,000. The rates depend on the age of the policyholder at the time of purchase.

Great Western vs. Oxford: What riders are available?

Life insurance companies offer options that you can add to an existing policy. These options, known as riders, allow customers to customize a policy to meet their needs. Great Western and Oxford offer multiple riders.

Optional riders offered by Great Western include:

  • Accelerated death benefit
  • Dependent child or grandchild
  • Special bonus

Optional riders offered by Oxford include:

  • Terminal illness rider
  • Chronic illness rider
  • Nursing home rider
  • Common carrier rider

Oxford’s riders are for illnesses, while Great Western’s riders are mainly for inheritance. Both companies have fewer options than most competitors. Adding riders to your policy will increase your Great Western or Oxford life insurance quotes.

Great Western vs. Oxford: What are their financial ratings?

Credit rating agencies review and rate insurance companies based on their financial strength. These ratings determine the likelihood that the company will provide a payout when you file a claim.

Great Western and Oxford have been rated an A by A.M. Best. The agency describes this rating as excellent and says that the companies will provide a payout in most situations.

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Great Western vs. Oxford: Do they have any complaints?

The Better Business Bureau (BBB) and the National Association of Insurance Commissioners (NAIC) allow customers to list complaints on their websites. Comparing Great Western vs. Oxford life insurance company complaints will help you determine their quality of service.

At the time of this comparison, the BBB has received seven complaints about Great Western over the past three years. The NAIC lists the company’s complaint index ratio as 0.80, indicating fewer complaints than similarly-sized competitors.

The BBB has received four complaints about Oxford over the past three years. According to the NAIC, the company’s complaint index ratio is 0.08, among the lowest for life insurance companies.

While Oxford has received fewer complaints and has a lower complaint index ratio than Great Western, customers are satisfied with both companies.

Great Western vs. Oxford: Company Background

The Great Western Insurance Company was founded by Lindquist Mortuaries & Cemeteries in 1983. The Ogden, UT-based funeral home owned the company until 2018 when they sold it to the American Enterprise Group.

The Oxford Insurance Company was founded in 1965 in Phoenix, AZ, focusing on final expenses. Today, the company is a North American Insurance Company subsidiary and the Christian Fidelity Life Insurance Company.

Great Western vs. Oxford: The Bottom Line

Great Western and Oxford policies are specifically for final expenses. Oxford has lower rates, but Great Western has policies for those in poor health. Comparing Great Western vs. Oxford will allow you to find the right fit.

Now that you’ve compared Great Western vs. Oxford life insurance companies, enter your ZIP code to find free life insurance rates from different companies in your area.

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Great Western vs. Oxford: Frequently Asked Questions

Here are some frequently asked questions about Great Western and Oxford.

#1 – Is the Great Western Insurance Company related to Great Western Bank?

Despite the similar name, there is no relationship between the Great Western Insurance Company and Great Western Bank.

#2 – How can I buy life insurance from Great Western or Oxford?

You can buy Great Western or Oxford life insurance by contacting an agent. The Great Western or Oxford life insurance phone number is on the company websites.

#3 – How can I make payments?

You can make payments online or by calling the Great Western or Oxford Life Insurance Company customer service.