Burial Insurance With Depression

Man Wondering About Burial Insurance With Depression

Getting burial insurance with depression has never been easier. Most burial insurance companies will easily accept people with depression. Most companies don’t even ask about depression in their health questions.

If you have depression, you will be eligible for instant coverage if you select the correct burial insurance company. You will benefit by paying the lowest premium and you are protected from the first day you purchased the policy.

FOR EASIER NAVIGATION:


WHAT IS MY BEST INSURANCE OPTION IF I HAVE A HISTORY OF DEPRESSION?

MILD DEPRESSION

You have mild depression if:

  • Your depression is well controlled, and you are taking only one medication
  • You follow the treatment plan prescribed by your doctor
  • You are not receiving psychiatric treatment
  • You have no history of hospitalization due to depression

If your depression is mild, you can qualify for a level death benefit that covers you from the first day with no waiting period.

If you die one day after the policy is in force, your beneficiaries will receive 100% of the death benefit.

Best Option: Level Death Benefit (First-day Coverage)


MODERATE DEPRESSION

You have moderate depression if any of these conditions apply to you:

  • You are taking more than one medication
  • You are receiving psychiatric treatment

If you have moderate depression, you can still qualify for a level death benefit. 

Best Option: Level Death Benefit (First-day Coverage)


MAJOR DEPRESSION

You have severe depression if:

  • You have hospitalization because of depression
  • Your depression caused disability
  • You have a previous suicide attempt on your record
  • You are prescribed multiple heavy medications for depression and schizophrenia

It’s entirely possible for a person with depression to experience temporary hospitalization. If you have been temporarily hospitalized due to major depression, it will not affect your burial insurance eligibility.

The reality is, only a few insurance carriers have a health question that asks if you have been hospitalized within the last 6 or 12 months. Since there are so many other companies that do not have this sort of question, hospitalization is not an issue in most cases.

Best Option: Level Death Benefit (First-day Coverage)


SEVERE CLINICAL DEPRESSION WITH DISABILITY

If your depression is so severe that you are on disability because of it, you can qualify for a level death benefit if you can perform normal activities of daily living.

Best Option: Level Death Benefit (First-day Coverage)


WHAT TYPES OF POLICIES 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 PLANFEATURES
1st Day CoverageYES
Lifetime CoverageYES
Rates NEVER IncreaseYES
Coverage NEVER DecreasesYES
Easy To Get ApprovedYES
FUNERAL FUNDS INSURANCE BENEFITS 
Rates Never IncreaseYes
Coverage Never DecreasesYes
No Medical ExamYes
Same Day ApprovalYes
Death Claims Pay FastYes
Builds cash valueYes
Coverage Up To Age 121 Yes


IF I HAVE DEPRESSION, DO I NEED A MEDICAL EXAM TO QUALIFY FOR BURIAL INSURANCE?

Burial insurance policies don’t require a medical exam, and some don’t even have health questions to answer. That’s right, no health questions!

You will qualify even if you have severe depression. The company will issue you a policy if you meet the age requirement and the policy is available in your state.


BURIAL INSURANCE UNDERWRITING IF YOU HAVE DEPRESSION

The underwriting process for burial insurance with depression is simple and straightforward. The underwriter will assess your health through the health questionnaire and check your prescription history. Your answer to the health questions and the medications you take will determine if your application will be approved or denied.


THE HEALTH QUESTIONNAIRE FOR BURIAL INSURANCE WITH DEPRESSION

Insurance companies rarely ask about depression and antidepressant medications in their health questionnaires.

Most insurance companies don’t ask about depression at all. If they do, they only ask about major depression, bipolar, or hospitalizations for depression or thoughts of suicide.

Depression is a simply a non-issue with most burial insurance companies.


PRESCRIPTION HISTORY CHECK FOR DEPRESSION

Every burial insurance company with underwriting (health questions) will check your prescription history to verify your health status. If you are taking various medications to manage your condition, it is perfectly fine with most burial insurance companies.

Here is a list of depression prescription medications that most burial insurance carriers will accept for first-day coverage:

  • bupropion (Wellbutrin, Forfivo, Aplenzin)
  • citalopram (Celexa)
  • clomipramine (Anafranil)
  • desipramine (Norpramin)
  • desvenlafaxine (Pristiq, Khedezla)
  • duloxetine (Cymbalta)
  • escitalopram (Lexapro)
  • fluoxetine (Prozac, Sarafem)
  • fluvoxamine (Luvox)
  • imipramine (Tofranil)
  • isocarboxazid (Marplan)
  • levomilnacipran (Fetzima)
  • maprotiline (Ludiomil)
  • mirtazapine (Remeron)
  • nortriptyline (Pamelor)
  • paroxetine (Paxil, Pexeva, Brisdelle)
  • phenelzine (Nardil)
  • rimipramine (Surmontil)
  • selegiline (Emsam)
  • sertraline (Zoloft)
  • tranylcypromine (Parnate)
  • trazodone (Oleptro)
  • venlafaxine (Effexor XR)
  • vilazodone (Viibryd)
  • vortioxetine (Brintellix)

The only way these medicines would be an issue is with the most severe forms of depression and hospitalizations for depression or thoughts of suicide.

Do you have other health problems aside from depression. Check this table to understand your eligibility.

MEDICAL CONDITIONS 
AFIB1st-day Coverage

CancerOver 2 years = First day coverage
Under 2 years = Hybrid coverage
Cholesterol1st-day Coverage
Congestive Heart FailureHybrid Coverage
COPDPossible 1st-day coverage if no oxygen or smoking
Dementia2-year wait only
Diabetes1st-day Coverage
Dialysis2-year wait only
Heart AttackOver 2 years = 1st-day coverage
Under 2 years - Hybrid coverage
Heart SurgeryOver 2 years = 1st-day coverage
Under 2 years - 2 year wait
High Blood Pressure1st-day Coverage
Hospice2-year wait
Liver DiseaseHybrid Coverage
Neuropathy1st-day Coverage
Nitroglycerin UseHybrid Coverage
Nursing home2-year wait only
StrokeOver 2 years = 1st day coverage
Under 2 years - Hybrid coverage
Terminal Illness2-year wait only
Oxygen UseHybrid coverage in no 24 hour oxygen use
Wheelchair UseHybrid Coverage


HOW MUCH INSURANCE DO I NEED IF I HAVE DEPRESSION?

The amount of burial insurance you need varies depending on your personal and financial circumstances, but it should cover the cost of your end-of-life 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 t 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


DEPRESSION AND BURIAL INSURANCE RIDERS

Insurance policy riders add benefits to your basic life insurance policy. You can customize your policy by adding insurance riders to enhance your policy and make sure it fits your specific needs.

There is an additional cost if you decide to add riders to your policy. Riders are affordable, and they involve little to no underwriting.

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


TYPES OF DEPRESSION AND BURIAL INSURANCE

MAJOR DEPRESSIVE DISORDER OR CLINICAL DEPRESSION

Is a severe mood disorder that causes severe symptoms. It affects how you feel, think, and the way you handle daily activities such as eating, working, and sleeping. The symptoms of depression must be present for at least two weeks to be diagnosed with major depression.

Eligibility: Major depressive disorder or Clinical depression may, or may not, be concerned about this condition depending on your medical background, prescription usage, and if you have had hospitalizations or thoughts of suicide.


DYSTHYMIA OR PERSISTENT DEPRESSIVE DISORDER

Is also called function depression. Dysthymia is a depression that lasts for at least two years. A person diagnosed with this condition may feel sadness and have a problem sleeping, but it doesn’t stop them from their daily activities. A person may have major depression along with periods of less severe symptoms that last for at least two years.

Eligibility: Dysthymia or persistent depressive disorder has no impact on your ability to qualify for the best burial plans available.


POSTPARTUM DEPRESSION

It’s a significant depression experienced by women during pregnancy or after the delivery of the baby. Postpartum depression can make new mothers feel sad, anxious, or tired and may make it difficult to complete everyday care activities for themselves and their babies.

Eligibility: Postpartum depression has no impact on your ability to qualify for the best burial plans available.


SEASONAL AFFECTIVE DISORDER

Is characterized by depression during the winter months. Lack of sunlight is primarily to blame for SAD. It makes people more irritable, anxious, and tired during winter. Symptoms of winter depression include social withdrawal, weight gain or weight gain. This type of depression generally lifts during summer and spring.

Eligibility: Seasonal affective disorder has no impact on your ability to qualify for the best burial plans available.


PSYCHOTIC DEPRESSION

Occurs when a person has clinical depression coupled with some form of psychosis, such as having delusions and hallucinations or hearing sounds or seeing sights that others cannot hear or see. Psychotic depression requires more attention because it can create severe problems if not treated correctly.

Eligibility: Psychotic Depression may, or may not, impact your ability to get burial insurance. Your eligibility will depend on your unique medical background, prescription usage, and if you have had hospitalizations or thoughts of suicide.


BIPOLAR DISORDER OR MANIC-DEPRESSIVE DISORDER

Occurs when a patient suffers from extreme highs and lows. Moods fluctuate between mania and depression. People with bipolar disorder experiences episodes of major depression or extreme high moods.

Eligibility: Bipolar disorder or manic-depressive disorder generally has no negative impact on your ability to get burial insurance. Your eligibility will depend on your unique medical background, and if you have had hospitalizations or thoughts of suicide.


SITUATIONAL DEPRESSION

This is also called adjustment disorder is caused by a significant life-changing event or a period of high-stress. It doesn’t need medication, but it can be treated with a short-term prescription if a doctor sees that you need it.

Situational depression has no impact on your ability to qualify for the best burial plans available.

Eligibility: Most burial insurance companies don’t care about the signs of depression. However, they will be concerned about any thoughts of suicide or death (that makes sense because they are life insurance companies!). We can help you understand your options if you have struggled with these thoughts.


HOW CAN FUNERAL FUNDS HELP ME?

It should be clear by now that depression is not an issue for most burial insurance companies.

Trying to find a policy with depression needn’t be a frustrating process, but working with an independent agency like Funeral Funds will make the process easier and quicker.

If you have a health history with depression, let us help you; we will work with you side by side to find a plan that fits your needs.

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

We will shop your case to different insurance carriers and get you the best price.

We work with many A+ rated insurance carriers that specialized in covering high-risk clients like you.  We will search all those companies to get the best rate. We will 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 funeral, final expense, or burial insurance with depression in your medical history, 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 Depression Infographics

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