2023 Burial Insurance with Coronary Artery Disease
It is possible to qualify for burial insurance if you have coronary artery disease. While 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 to require surgery, you can still qualify for affordable burial insurance.
In this article, we will 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?
- What Types of Burial Insurance Should I Avoid?
- What Type of Burial Insurance Is Best?
- If I Have Coronary Artery Disease, Do I Need a Medical Exam to Qualify for Burial Insurance?
- Burial Insurance Underwriting If You Have Coronary Artery Disease
- How Much Insurance Do I Need If I Have Coronary Artery Disease?
- How Should I Pay My Premiums?
- Coronary Artery Disease and Burial Insurance Riders
- Information We Need if You Have Coronary Artery Disease
- Benefits of Burial & Funeral Insurance
- Other Common Uses for Final Expense Life Insurance with Coronary Artery Disease
- What If Your Application Was Denied Because of Coronary Artery Disease?
- How Can Funeral Funds Help Me?
- Additional Questions & Answers Burial Insurance With Coronary Artery Disease
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:
- Angioplasty – helps open up the artery to increase blood flow to the heart.
- Bypass surgery – another blood vessel from the body (graft) is placed around the blocked artery to restore blood flow to the heart.
- Stents – small mesh cylinders are inserted into the diseased artery to prevent it from re-closing and prevent blood clots from forming.
Your burial insurance options will depend on how long ago 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 two 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 AVOID | WHY? |
|---|---|
| Term life | Premiums increase after 5 years. Coverage ends after 80. |
| Pre-paid funeral plans | Expensive |
| Universal life | Tied with stocks |
| No health questions policies | With 2-year waiting period |
| Plans offering "teaser rates" | $9.95 per unit plans or $1 buys $100,000 coverage |
| Over priced plans | Insurance from TV and junk mail |
| Plans that accept mail-in payments | Risky |
| Plans that accept Direct Express | High lapse rate |
| Plans that accept Credit Cards | High lapse rate |
What Type Of Burial Insurance Is Best?
| FUNERAL FUNDS PLAN BENEFITS | INCLUDED |
|---|---|
| 1st Day Coverage | YES |
| Rates NEVER Increase | YES |
| Coverage NEVER Decreases | YES |
| Easy to get approved | YES |
| No Medical Exam | YES |
| Same Day Approval | YES |
| Death Claims Pay Fast | YES |
| Builds cash value | YES |
| 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 basic questions about your health. The application process is simple; 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 two 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 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 check your prescription history electronically 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’s 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, resulting 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 thinners; 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 services | $2,300 |
| Removal/ transfer of remains to funeral home | $350 |
| Embalming & preparation of the body | $1,050 |
| Use of facilities for viewing & funeral ceremony | $965 |
| Hearse | $325 |
| Service car/van | $150 |
| Basic memorial printed package | $183 |
| Metal casket | $2,500 |
| Vault | $1,572 |
| Median Cost of a Funeral With Viewing and Burial | $9,420 |
| AVERAGE FUNERAL COST WITH VIEWING AND CREMATION | |
|---|---|
| Non-declinable basic services fee | $2,300 |
| Removal/ transfer of remains to funeral home | $350 |
| Embalming & preparation of the body | $1,050 |
| Use of facilities for viewing & funeral ceremony | $965 |
| Service car/van | $150 |
| Basic memorial printed package | $183 |
| Cremation fee (if firm uses a third-party crematory) | $368 |
| Cremation Casket | $1,310 |
| Urn | $295 |
| Median Cost of a Funeral with Viewing and Cremation | $6,970 |
| Rental Casket | $995 |
| Alternate Cremation Container | $150 |
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.
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 others 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-ONS | AVAILABILITY |
|---|---|
| Terminal Illness Add-On Benefit | Included with most plans |
| Nursing Home Care Add-On Benefit | Included 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 fits you best.
Here are some questions that will help us find you the best plan:
- How old are you when you were first diagnosed with CAD?
- Do you have any symptoms like chest pains or fainting in the last six months?
- What medications are you taking for coronary artery disease?
- What treatment did you take to treat your condition?
- Did you have any surgery or procedure to treat your CAD?
- 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 is 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 if 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. Applying to the wrong company may cause rejection, which is when an independent life insurance agency like Funeral Funds can help.
How Can Funeral Funds Help Me?
Finding the best life insurance companies for heart disease needn’t be frustrating; working with an independent agency like Funeral Funds will make the process easier and quicker.
We will work with you every step to find the plan that fits your financial requirements and budget. You don’t have to waste your precious time searching for multiple insurance companies anymore because we will do the dirty work for you.
We work with many A+ rated insurance carriers that specialize in covering high-risk clients like you. We will search all those companies and match you 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, 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.
Additional Questions & Answers On Burial Insurance With Coronary Artery Disease
Can you get life insurance with coronary artery disease?
Yes, you can get life insurance with coronary artery disease. You can even qualify for first-day coverage insurance if your heart surgery was over two years or longer.
What is considered heart disease for life insurance?
There are many types of heart diseases, but for life insurance purposes, it is any type of condition that narrows or blocks the arteries that supply blood to the heart. This can include coronary artery disease, arrhythmias, cardiomyopathies, and more.
What qualifies as coronary artery disease in life insurance?
Coronary artery disease is a type of heart disease that occurs when the arteries that supply blood to the heart muscle become narrowed or blocked. This can happen because of a buildup of plaque in the arteries, leading to chest pain, heart attacks, and more.
How does coronary artery disease affect life insurance?
Coronary artery disease can affect life insurance in a few different ways. First, if you have the disease and you have current heart surgery, some life insurance companies may reject your application.
What are the chances of getting life insurance with coronary artery disease?
The chances of getting life insurance with coronary artery disease depend on a few factors, including the severity of your disease, the type of policy you’re applying for, and the life insurance company you’re applying with. However, it is possible to get life insurance with coronary artery disease.
Is coronary artery disease considered heart disease for life insurance?
Yes, coronary artery disease is considered heart disease for life insurance purposes. If you have the disease, disclosing it when applying for life insurance is important, as it can affect your coverage.
Is coronary artery disease a pre-existing condition for life insurance?
Yes, coronary artery disease is a pre-existing condition for life insurance.
What is pre-existing heart condition?
A pre-existing heart condition is any type of heart disease or condition you have been diagnosed with before applying for life insurance. This can include coronary artery disease, arrhythmias, cardiomyopathies, and more.
Does having a pre-existing heart condition affect my life insurance?
Yes, having a pre-existing heart condition can affect your life insurance. Heart conditions are considered by life insurance companies in determining what plan you will qualify for.
Do I need to take a medical exam if I have coronary artery disease?
No, you do not need to take a medical exam if you have coronary artery disease.
Is there an age limit for burial insurance with coronary artery disease?
Most life insurance companies accept insurance applicants up to 85 years old.
Can you get first-day coverage insurance if you have coronary artery disease?
Yes, you can get first-day coverage insurance if your heart surgery was over two years or longer.
Is coronary artery disease a critical illness?
No, coronary artery disease is not a critical illness. Critical illnesses are typically more severe and can include cancer, heart attacks, strokes, and more.
Can I get burial insurance with coronary artery disease?
Yes, you can get burial insurance with coronary artery disease. However, your coverage may be limited depending on the severity of your disease and surgery.
Do I need to tell insurance about coronary artery disease?
Yes, you must tell your insurance company about your coronary artery disease when applying for life insurance. Failure to do so could result in your policy being void.
Can coronary artery disease affect life insurance?
Yes, coronary artery disease can affect life insurance. It will affect your eligibility and rates.
When should I tell my insurance company about coronary artery disease?
When applying for life insurance, you should tell your insurance company about your coronary artery disease. Failure to do so could result in your policy being void.
What are the chances of getting life insurance with coronary artery disease?
The chances of getting life insurance with coronary artery disease are good. You can qualify for coverage depending on a few factors, including the severity of your disease, surgery, the type of policy you’re applying for, and the life insurance company you’re applying with.
Can I get insurance after coronary artery disease?
Yes, you can get insurance after being diagnosed with coronary artery disease. However, your coverage may be limited depending on the severity of your disease.
Can I qualify for cremation insurance with a history of coronary artery disease?
Yes, you can qualify for cremation insurance with a history of coronary artery disease. However, your coverage may be limited depending on the time since your heart surgery.
Is it hard to get approved for life insurance if you have coronary artery disease?
No, getting approved for life insurance is not hard if you have coronary artery disease. However, your coverage may be limited depending on your heart surgery.
What is my best insurance option if I have coronary artery disease?
The best insurance option for someone with coronary artery disease depends on a few factors, including the severity of your disease, surgery, and the life insurance company you’re applying with. However, it is possible to get life insurance with coronary artery disease.
Can coronary artery disease medication affect my premium?
Yes, your coronary artery disease medication can affect your premium. If you’re taking medication for your heart condition, disclosing this when applying for life insurance is important, as it can affect your rates.
Is there a waiting period for life insurance with coronary artery disease?
Yes, there is a waiting period for life insurance with coronary artery disease. Most life insurance companies will require you to have heart surgery for two years or longer before offering a first-day coverage plan.
Is coronary artery disease a death sentence?
No, coronary artery disease is not a death sentence. However, it is a serious condition that can lead to death if left untreated.
What are the things that may affect my eligibility if I have coronary artery disease?
A few things may affect your eligibility for life insurance if you have coronary artery disease. These include the severity of your disease, surgery, the type of policy you’re applying for, and the life insurance company you’re applying with.
Can you be denied insurance for coronary artery disease?
Yes, you can be denied insurance for coronary artery disease. Some life insurance companies will reject your application if your heart surgery is very recent.
Is coronary artery disease a disability?
No, coronary artery disease is not a disability. However, it is a serious condition that can lead to death if left untreated.
Is coronary artery disease fatal in life insurance?
Yes, coronary artery disease may be fatal in life insurance because it is a serious condition that can lead to death if left untreated.
Can coronary artery disease patients get final expense insurance?
Yes, coronary artery disease patients can get final expense insurance. However, your coverage may be limited depending on the severity of your disease.
What is the average cost of life insurance for someone with coronary artery disease?
The average cost of life insurance for someone with coronary artery disease depends on a few factors, including age, gender, location, coverage amount, and health.
Can you get life insurance after heart surgery?
Yes, you can get life insurance after heart surgery. However, your coverage may be limited depending on the time that has passed since your surgery.
Why would I get turned down for life insurance if I have coronary artery disease?
There are a few reasons why you might be turned down for life insurance if you have coronary artery disease. These include the severity of your disease and the surgery taken.
When choosing a burial policy with coronary artery disease, what are some things to consider?
When choosing a burial policy with coronary artery disease, some things to consider include the severity of your disease, your age, and the life insurance company you’re applying with.
Can coronary artery disease affect your life insurance rates?
Yes, coronary artery disease can affect your life insurance rates. If you’re taking medication for your heart condition, disclosing this when applying for life insurance is important, as it can affect your rates.
How can you get the best life insurance rates with coronary artery disease?
You can do a few things to get the best life insurance rates for coronary artery disease. These include working with a qualified life insurance agent to help you compare quotes and applying with a life insurance company that specializes in covering people with pre-existing medical conditions.
I have coronary artery disease, what are my options for life insurance?
There are a few options for life insurance if you have coronary artery disease. These include burial insurance, funeral insurance, and cremation insurance.
What are some tips for getting life insurance with coronary artery disease?
Some tips for getting life insurance with coronary artery disease include working with an independent life insurance agent to help you compare quotes, applying with a life insurance company that specializes in covering people with pre-existing medical conditions, and being honest about your condition when applying for life insurance.
Can you be rejected for life insurance because of coronary artery disease?
Yes, you can be rejected for life insurance because of coronary artery disease. Some life insurance companies will reject your application if your heart surgery is very recent.
What is the best way to shop for life insurance with coronary artery disease?
The best way to shop for life insurance with coronary artery disease is to work with an independent life insurance agent from Funeral Funds. Our agent can help you compare quotes from different life insurance companies and find a policy that fits your needs.
What happens when a person with coronary artery disease dies?
When a person with coronary artery disease dies, their life insurance policy will pay out a death benefit to their beneficiaries.
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