Burial Insurance with Coronary Artery Disease

It is possible to qualify for burial insurance if you have coronary artery disease. While any heart problems are considered serious, the great news is that burial insurance is available for people with cardiovascular ailments.

With your coronary artery disease under proper treatment, or even when your condition is severe enough that it requires surgery, you can still qualify for affordable burial insurance.

In this article, we are going to outline how you can also find affordable burial insurance with coronary artery disease and what options are open for you if you have this medical condition.

FOR EASIER NAVIGATION:


WHAT IS MY BEST INSURANCE OPTION IF I HAVE A HISTORY OF CORONARY ARTERY DISEASE?

MILD CORONARY ARTERY DISEASE

Patients with mild or non-obstructive coronary artery disease have a lower risk of major adverse cardiovascular events and death compared with obstructive disease. If it has been two years since your diagnosis and treatment, you will qualify for the best plan.

You will be covered from the first day and your beneficiary will receive your full death benefit when you pass away.

Best Option: Level death benefit plan with first-day coverage


ADVANCED CORONARY ARTERY DISEASE

Advanced coronary artery disease patients require a more aggressive form of treatment.

The most common surgeries performed to treat advanced cases of coronary artery disease are:

  1. Angioplasty – helps open up the artery to increase blood flow to the heart.
  2. Bypass surgery – another blood vessel from the body (graft) is placed around the blocked artery to restore blood flow to the heart.
  3. Stents – small mesh cylinders are inserted into the diseased artery to prevent it from re-closing and to prevent blood clots from forming.

Your burial insurance options will depend on how long ago any of these procedures were performed to treat your coronary artery disease.


IF ANGIOPLASTY, BYPASS SURGERY, OR STENT WAS PERFORMED OVER TWO YEARS AGO

Some burial insurance companies won’t care about your angioplasty, bypass surgery, or stents if your procedure was more than 2 years ago. Most carriers will offer you their lowest price and level death benefit plan with the first-day coverage. You will be considered as if you are in perfect health and never had surgery at all.

This plan is the cheapest burial insurance option with no waiting period. The insurance carrier will pay the full death benefit to your beneficiary when you pass away.

Best Option: Level death benefit plan with first-day coverage


IF ANGIOPLASTY, BYPASS SURGERY, OR STENT WAS PERFORMED WITHIN THE LAST 24 MONTHS

Most burial insurance companies have a two-year lookback period on circulatory surgery. If your angioplasty, bypass surgery, or stent implant was performed within the last 24 months, your best insurance option is a first-day benefit plan.

The first-day benefit plan will cover you from the first day and your death benefit will be phased in over time.

BEST OPTION: First-day benefit plan


WHAT TYPES OF BURIAL INSURANCE SHOULD I AVOID?

PLANS TO AVOIDWHY?
Term lifePremiums increase after 5 years. Coverage ends after 80.
Pre-paid funeral plansExpensive
Universal lifeTied with stocks
No health questions policiesWith 2-year waiting period
Plans offering "teaser rates"$9.95 per unit plans or $1 buys $30,000 coverage
Over priced plansInsurance from TV and junk mail
Plans that accept mail-in paymentsRisky
Plans that accept Direct ExpressHigh lapse rate
Plans that accept Credit CardsHigh lapse rate


WHAT TYPE OF BURIAL INSURANCE IS BEST?

FUNERAL FUNDS PLAN BENEFITSINCLUDED
1st Day CoverageYES
Rates NEVER IncreaseYES
Coverage NEVER DecreasesYES
Easy to get approvedYES
No Medical ExamYES
Same Day ApprovalYES
Death Claims Pay FastYES
Builds cash valueYES
Coverage Up To Age 121 YES


IF I HAVE CORONARY ARTERY DISEASE, DO I NEED A MEDICAL EXAM TO QUALIFY FOR BURIAL INSURANCE?

You are NOT required to take a medical exam to qualify for burial insurance with coronary artery disease.

When you apply for burial insurance, you only have to answer some basic questions about your health. The application process is simple, and you don’t need to provide medical records or blood and urine samples.

You’ll get the official approval from the insurance company often within minutes!


BURIAL INSURANCE UNDERWRITING IF YOU HAVE CORONARY ARTERY DISEASE

Burial insurance companies have two ways of underwriting:

FIRST – They may ask you a series of health questions. Your answers to their questions will determine your eligibility.

SECOND – They will electronically review your prescription history to verify your health.


HEALTH QUESTIONS

The first and most crucial step is to answer all health questions truthfully. You need to be clear about the dates; if you are unsure do something to find out. The last thing you want to give is a false answer.

There are certain ways final expense insurance companies will ask about coronary artery disease.

  • Within the past 2 years have you had, or been diagnosed with a heart attack, or any type of heart or circulatory surgery?
  • During the past 24 months have you been diagnosed as having a heart attack or failure or heart or circulatory surgery?
  • Within the past 24 months have you been medically diagnosed as having or been treated or hospitalized for heart attack, heart or circulatory surgery including angioplasty, bypass, or stent implant?

In most cases, burial insurance companies will most likely ask about coronary artery disease within the last two years.


PRESCRIPTION HISTORY CHECK

Final expense insurance companies will electronically check your prescription history to see medications for coronary artery disease and other medical conditions. They will check if you had been prescribed medications in the past, if they find any, it will indicate that you had coronary artery disease.

Here’s a list of some medications used to treat coronary artery disease:

  • Aspirin or Blood thinners (Coumadin, Plavix or Warfarin)
  • Angiotensin-converting enzyme (ACE) inhibitors (Losartan, Candesartan, Valsartan )
  • Cholesterol Modifying Medications
  • Beta-blockers (Metoprolol, Bisoprolol)
  • Calcium channel blockers
  • Clopidogrel
  • Nitroglycerin
  • Ranolazine
  • Statins (Atorvastatin, Fluvastatin, Lovastatin, Simvastatin, Pravastatin)

If you are only taking aspirin, the insurance companies don’t care about this medicine use at all.

However, if you’re taking blood thinners to treat arrhythmia or atrial fibrillation, your condition will most likely be seen as more advanced, which may result in a higher premium if you go with the wrong company.

If your coronary artery disease requires you to take blood thinners for the rest of your life, we can still get you approved for coverage, but your premiums may be higher because of the increased risk associated with long-term use of blood thinner; some companies are more restrictive for people taking blood thinners.

If you’re taking nitroglycerin for angina, you will have a hard time qualifying for a first-day coverage plan. With many final expense insurance companies, nitrate medications can cause an immediate decline. However, we have carriers that will still work with you even if you’re taking vasodilators.


HOW MUCH INSURANCE DO I NEED IF I HAVE CORONARY ARTERY DISEASE?

The amount of burial insurance you should buy varies depending on your personal and financial circumstances. However, burial insurance should cover the cost of your funeral, burial, and final expenses.

The first step to figuring out how much burial insurance you need is to know your end-of-life expenses. Your funeral cost is often the biggest single expense you need to pay. Other end-of-life expenses to consider are your outstanding medical bills, living expenses, credit card bills, and other debts.

Here’s an example of a funeral cost breakdown from the National Funeral Directors Association.

AVERAGE FUNERAL COST WITH VIEWING AND BURIAL 
Non-declinable basic$2,195
Removal/ transfer of remains to funeral home$350
Embalming & preparation of the body$1,005
Use of facilities for viewing & funeral ceremony$925
Hearse$340
Service car/van$150
Basic memorial printed package$175
Metal casket$2,500
Vault$1,495
Median Cost of a Funeral With Viewing and Burial$9,135
AVERAGE FUNERAL COST WITH VIEWING AND CREMATION 
Non-declinable basic services fee$2,195
Removal/ transfer of remains to funeral home$350
Embalming & preparation of the body$1,005
Use of facilities for viewing & funeral ceremony$925
Service car/van$150
Basic memorial printed package$175
Cremation fee (if firm uses a third-party crematory)$350
Median Cost of a Funeral with Viewing and Cremation$5,150
Cremation Casket$1,200
Rental Casket$995
Alternate Cremation Container$150
Urn$295


HOW SHOULD I PAY MY PREMIUMS?

The best way to pay your premium is through a savings or checking account. We recommend you set a bank draft from your savings or checking account. That way, the bank will automatically pay your premium each month and you don’t need to worry about your policy lapsing due to non-payment.

PAYMENT METHODRECOMMENDED?
Savings AccountBest way to pay
Checking AccountBest way to pay
CashNot recommended
Money OrderNot recommended
Cashier's CheckNot recommended
Debit CardNot recommended
Credit CardNot recommended
Direct ExpressNot recommended
PAYMENT FREQUENCYRECOMMENDEDACCEPTED BY
MonthlyRecommendedAll Companies
QuarterlyNot RecommendedSome Companies
Semi-annuallyNot RecommendedSome Companies
AnnuallyNot RecommendedSome Companies


CORONARY ARTERY DISEASE AND BURIAL INSURANCE RIDERS

Insurance policy riders add benefits to your policy. Adding insurance riders will enhance your policy to fit your needs. Some riders are built into your policy, while other riders can be added at an additional cost. Most riders are affordable, and it involves little to no underwriting.

Here’s a list of common burial insurance riders:

FUNERAL FUNDS ADD-ONSAVAILABILITY
Terminal Illness Add-On BenefitIncluded with most plans
Nursing Home Care Add-On BenefitIncluded with most plans


INFORMATION WE NEED IF YOU HAVE CORONARY ARTERY DISEASE

We will ask you several questions about your health and lifestyle to determine whether your coronary artery disease is mild or advanced. Your answers to these questions will help us determine which company is the best fit for you.

Here are some questions that will help us find you the best plan:

  1. How old are you when you were first diagnosed with CAD?
  2. Do you have any symptoms like chest pains or fainting in the last six months?
  3. What medications are you taking for coronary artery disease?
  4. What treatment did you take to treat your condition?
  5. Did you have any surgery or procedure to treat your CAD?
  6. What other health conditions do you have other than CAD?

We need to know your medical condition to be able to provide you with the best recommendation. The more information we get, the better our chances of finding affordable insurance coverage.


BENEFITS OF BURIAL & FUNERAL INSURANCE

Here are some of the benefits of purchasing a burial or funeral policy:

  • No medical exam or doctor’s visit required – easy to get approved.
  • Ease of issue – easy to qualify and get insurance coverage.
  • No Money Down to get approved – have your policy start whenever you want.
  • Level premium – your premium will never increase.
  • Fixed death benefit – your death benefit will never decrease for any reason.
  • Permanent protection – your policy can not be canceled by the life insurance company as long as you continue to pay your premiums.
  • Tax-free – the death benefit is directly paid to your beneficiary tax-free upon your death
  • Cash value builds up – burial insurance is a whole life policy that builds cash value over time.


OTHER COMMON USES FOR FINAL EXPENSE LIFE INSURANCE WITH CORONARY ARTERY DISEASE

All of these examples are appropriate uses for Final Expense Life Insurance:

  • Burial insurance plan with coronary artery disease
  • Cremation insurance plan with coronary artery disease
  • Funeral home insurance plan with coronary artery disease
  • Final Expense insurance plan with coronary artery disease
  • Prepaid funeral plan insurance with coronary artery disease
  • Mortgage payment protection plan with coronary artery disease
  • Mortgage payoff life insurance plan with coronary artery disease
  • Deceased spouse’s income replacement plan with coronary artery disease
  • Legacy insurance gift plan to family or loved ones with coronary artery disease
  • Medical or doctor bill life insurance plan with coronary artery disease

We can help you with any of the plans above. Your pricing will depend on your age, health, and coverage amount for each program option.


WHAT IF YOUR APPLICATION WAS DENIED BECAUSE OF CORONARY ARTERY DISEASE?

The truth is many high-risk life insurance cases like coronary artery disease are declined for coverage. Often times, applying to a wrong company may cause your rejection, and this is when an independent life insurance agency like Funeral Funds can help.


HOW CAN FUNERAL FUNDS HELP ME?

Trying to find the best life insurance companies for heart disease needn’t be a frustrating process; working with an independent agency like Funeral Funds will make the process easier and quicker.

We will work with you every step of the way to find the plan that fits your financial requirements and budget. You don’t have to waste your precious time anymore searching for multiple insurance companies because we will do the dirty work for you.

We work with many A+ rated insurance carriers that specialized in covering high-risk clients like you. We will search all those companies and match you up with the best burial insurance company that gives the best rate.

We will assist you in securing the coverage you need at a rate you can afford. So, if you are looking for coronary artery disease funeral insurance, or coronary artery disease burial insurance, or coronary artery disease life insurance, we can help. Fill out our quote form on this page or call us at (888) 862-9456 and we can give you an accurate quote.

Funeral Insurance, Final Expense Insurance, Burial Insurance With Coronary Artery Disease Infographic

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