Burial Insurance for Diabetes and Diabetic Complications

burial insurance for diabetes and diabetic complications

Finding affordable burial insurance for diabetes and diabetic complications can be a challenge but not impossible. Dozens of insurance companies will offer an affordable plan to meet your needs, regardless of what type of diabetes you have, even if you have diabetic complications.

Today, diabetes is a common medical condition. For this reason, most final expense life insurance companies have designed their policies to accept people with diabetes and diabetic complications. They underwrite diabetic applicants more favorably now than all others.

If you have diabetes, controlled or not, there are affordable diabetes life insurance options for you! Burial insurance for diabetic Type 1 or Type 2, is available. Even if you have diabetic complications, you’ll have different options to choose from.

What to know something amazing?

Burial insurance for diabetes and diabetic complications never requires a medical exam to qualify. You will only have to answer a few questions about your overall health.

In this article, we will give you all the information you need to be able to find the right insurance plan based on your needs and budget.

FOR EASIER NAVIGATION:

CAN I GET BURIAL INSURANCE IF I HAVE DIABETES AND DIABETIC COMPLICATIONS?

WHY DO INSURANCE COMPANIES CARE IF YOU HAVE DIABETES AND DIABETIC COMPLICATIONS?

WHY IS IT DIFFICULT FOR DIABETICS WITH COMPLICATIONS TO GET LIFE INSURANCE?

WHAT WE WILL NEED TO KNOW IF YOU HAVE DIABETES

BURIAL LIFE INSURANCE FOR DIABETIC AMPUTATION

BURIAL LIFE INSURANCE FOR NEUROPATHY


CAN I GET BURIAL INSURANCE IF I HAVE DIABETES AND DIABETIC COMPLICATIONS?

YES. Absolutely!

You can get burial insurance coverage if you have diabetes and diabetic complications. The type of plan and the cost of your coverage will depend on how well controlled your condition is and how long you have had any diabetic complications.

If you are between 50 and 85 and looking to get life insurance with diabetes, here’s some good news for you. The older you are when you have a diabetes diagnosis, the better life insurance premium you can qualify for.

People diagnosed with diabetes later in life have better options because they have not been forced to deal with high blood sugar for a long time. Therefore, they are less likely to experience the complications associated with elevated blood sugar levels.

Diabetic complications include neuropathy, nephropathy, retinopathy, cardiovascular disease, sexual dysfunction, and diabetic amputation.

People who were diagnosed at a later age, have Type 2 diabetes and were able to control their condition with diet and exercise have the best chance of qualifying for the best life insurance and the lowest rates.

If you have any diabetic complications or if you are insulin-dependent to control your condition, you can still get life insurance, but you have more limited insurance options.


WHY DO INSURANCE COMPANIES CARE IF YOU HAVE DIABETES AND DIABETIC COMPLICATIONS?

A diabetes diagnosis means your body doesn’t produce insulin or it uses the insulin inefficiently, causing high sugar levels in your blood. If uncontrolled, diabetes can cause damage to your nerves and blood vessels, and eventually result in heart disease or stroke.

According to the American Diabetes Association (ADA), there are more than 30 million Americans with diabetes. 95% of that has type 2 diabetes. It is also estimated that almost 84 million people have pre-diabetes.

Three types of Diabetes:

1. Type 1 Diabetes – it is also called juvenile diabetes or insulin-dependent diabetes. Type 1 diabetics have a pancreas that doesn’t produce any insulin at all. They need to have insulin administered through a syringe or insulin pump.

It’s possible to obtain life insurance for type 1 diabetic, but your condition must be well-controlled. Type 1 diabetic application is evaluated differently by life insurance companies, and options are more limited in some cases

2. Type 2 Diabetes – this type is the most common diabetes. 90% of people diagnosed with diabetes have this type.

Type 2 diabetics can still produce insulin, but it is resistant to lowering sugar levels, or they can still produce insulin but not enough to meet their needs.

Type 2 diabetes is also called adult-onset diabetes. People with this type of diabetes can be quickly approved for insurance coverage as they present a lower risk to insurance companies. As long as the diabetes is controlled through medication and lifestyle changes, and there are no diabetic complications, type 2 diabetics can get the lowest rates and premiums.

3. Gestational diabetes – this type of diabetes occurs in pregnant women who don’t have diabetic symptoms until pregnancy. During pregnancy, hormonal changes happen to make women less responsive to insulin resulting in high glucose level.

Gestational diabetes is usually a temporary situation where pregnant women have glucose intolerance during pregnancy. Most insurance companies are not overly concerned about gestation diabetes. It only causes concern if the situation continues after pregnancy and becomes type 2 diabetes.

Diabetes is a major risk factor for cardiovascular diseases such as heart disease, stroke, and coronary artery disease. The uncontrolled glucose level in the blood can affect every organ in the body, including kidneys, heart, and eyes.

Diabetics are two to four times more likely to die of stroke and heart disease than those without diabetes. This is the reason why insurance companies consider diabetes applicants as high risk.


WHY IS IT DIFFICULT FOR DIABETICS WITH COMPLICATIONS TO GET LIFE INSURANCE?

Life insurance becomes difficult to qualify for and more expensive for people with a pre-existing medical condition like diabetes.

Since diabetes often co-occurs with other health conditions such as high blood pressure and obesity, there is a higher risk of developing a cardiovascular disease that may affect life expectancy.

Diabetic complications can create additional challenges in qualifying for insurance coverage. Most life insurance companies view diabetic complications as an indication of uncontrolled diabetes. This makes obtaining life insurance for people with diabetic complications more difficult.


DIABETIC COMPLICATIONS:

NEPHROPATHY

IgA nephropathy or Berger’s disease makes the kidney inflamed, decreasing its natural ability to filter waste products from the blood, which can lead to total kidney failure.

Nephropathy can’t be reversed once the damage occurred. This condition is progressive and continues to get worse over time. Once it reached the advanced stage, you will need dialysis to remove the waste products from the blood.

Due to the way, nephropathy can affect the body; this condition can play a part in how you can get approved for life insurance coverage. The date of your diagnosis will affect your premium and whether or not you will have a waiting period.

If your nephropathy diagnosis is very recent (less than a year), you will need to pay more premium compared to a person without diabetes.

In most cases, you cannot avoid a short waiting period, although we know some insurance companies that offer partial coverage from day one.

NEUROPATHY

Diabetic neuropathy is a severe complication of diabetes that damages the nerves. It starts a tingling sensation in the hands, legs, or feet. It can also cause numbness and pain in the feet or legs.

Severe neuropathy can damage nerves and affect internal organs, including the heart, bladder, stomach, bowels, and other parts of the body. The only way to prevent this or slow its progression is by managing blood sugar and keeping it controlled.

RETINOPATHY

Retinopathy or eye damage happens when diabetes damages the blood vessels of the retina. This condition can lead to blindness.

Diabetic retinopathy can also increase the risk of severe vision conditions, such as glaucoma and cataracts. Type 2 diabetics should have eye examinations once they are diagnosed with this condition.

Retinopathy or eye damage caused by diabetes affects insurance eligibility because people with eye damage are prone to accidents.

DIABETIC AMPUTATION

Poor blood flow or nerve damage in the feet increases the risk of different foot complications. If left untreated, blisters and cuts can develop serious infections that can heal poorly. These infections may ultimately need toe, foot, or leg amputation.

Diabetic neuropathy increases the risk of diabetic amputation.

More than half of all amputations each year are due to diabetic complications. Most amputations are performed on the lower part of the body, such as a toe or foot amputation. The insurance companies know that foot ulcers make up 85% of major diabetic amputations.

You can find the question about diabetic amputation in the knock-out section of the application. Insurance companies typically offer a graded benefit plan to those with diabetic amputation.

CARDIOVASCULAR DISEASE

Diabetes increases the risk of cardiovascular problems, including angina (chest pain), heart attack, coronary artery disease, stroke, and narrowing of arteries.

If you have diabetes, you are more than likely to develop heart disease or stroke.

If you have diabetes, you can manage your condition through weight loss, regular exercise, and stress management, as well as keeping your cholesterol, blood pressure, and triglycerides at normal levels.

Applicants recently diagnosed with cardiovascular disease will have to pay more and have a waiting period.

SEXUAL DYSFUNCTION

Diabetes increases the chance of having erectile dysfunction for men and reduces sexual sensation for women. This condition occurs when the nerves or blood vessels in the genital area are damaged due to poor long-term blood sugar control.

Erectile dysfunction might occur earlier in diabetic men than those without diabetes.

Difficulty maintaining an erection and reduce sexual sensation in women might even happen before diabetes diagnosis. Only this diabetic complication will now affect your insurance eligibility. You can be eligible for a level death benefit if your diabetes diagnosis is more than two years.


WHAT WE WILL NEED TO KNOW IF YOU HAVE DIABETES

When applying for burial insurance for diabetes and diabetic complications, we will need to know more about your condition to determine the severity of your diabetes.

  1. Which type of diabetes do you have (Type 1 or Type 2)?
  2. When were you initially diagnosed with diabetes?
  3. Were you diagnosed with diabetes before age 50?
  4. What prescription medications are you taking to control your condition?
  5. Have you ever gone into insulin shock?
  6. Have you experienced diabetic coma?
  7. Do you have retinopathy or eye issue due to diabetes?
  8. Do you have diabetic neuropathy or nerve issues due to diabetes?
  9. Do you have nephropathy or kidney issue due to diabetes?
  10. Are you being treated for diminished kidney functions, including medications, dialysis, or kidney transplant?

This information will help us understand your condition and help us to provide you with an accurate quote. Our goal is to get you a burial insurance policy with the best benefits and pricing.


BURIAL LIFE INSURANCE FOR DIABETIC AMPUTATION

Having a recent amputation or other serious diabetic complication put you in the high-risk category of life insurance companies. No burial insurance carrier will offer you immediate coverage under this condition.

If you’re currently diagnosed with a serious diabetic complication within the previous 24 months, your life insurance options are limited.

You will be offered a graded benefit plan or partial coverage with most end of life insurance companies. You will need to pay a little bit more, and in some cases, you will have a two-year waiting period on your insurance policy.

Policy Option: Graded Death Benefit

The graded death benefit provides partial coverage for the first two years before the policy will be in force. Graded benefit plan works this way:

If you purchased a $10,000 death benefit and you pass away during the first year of the policy, your beneficiaries would receive 30-40% of the insurance payout. If you pass away in the second year, the company will payout 70-80% of the death benefit. The full death benefit payout will be paid to your beneficiary if you die on the third year.

The graded benefit plan is the next best option for you if you cannot qualify for the immediate coverage plan because of your diabetic complications.

If your diabetic complication was diagnosed recently expect to pay a higher premium with every final expense insurance company.

No company would charge an applicant with diabetic complications the same amount as a person in perfect health.

Policy Option: Guaranteed Issue Life Insurance

Guaranteed acceptance life insurance allows mild or severe your diabetes and diabetic complications and you will be covered with no health questions.

The minimum requirement to get this plan is that you are 50-85 years old, a U.S citizen and can enter into a legal contract.

Guaranteed issue life insurance has a two year waiting period for natural causes of death. The company will only pay 100% death benefit if you die from an accident. If you die from an illness, the insurance company will pay your beneficiary the refund of your premium plus 7-10% interest.

After the two-year waiting period, the company will pay the full death benefit to your beneficiary if you die for any reason.


BURIAL LIFE INSURANCE FOR NEUROPATHY

If you’re looking for burial insurance for diabetes and diabetic complications like diabetic neuropathy, you have better options.

Some insurance companies will offer you level death benefit with immediate coverage and no waiting period. This is the best life insurance for type 1 diabetes.

If you were diagnosed with diabetic neuropathy, we will do our best to get you the most diabetic-friendly company that will look at your condition favorably.

Policy Option: Level Death Benefit

You can choose a no medical exam policy with a level death benefit. You will only have to answer a few health questions and your answer to the health questions will determine if you will qualify for this plan.

The greatest feature of the level death benefit plan is immediate coverage. You will be fully covered from the first day, and your beneficiary will receive 100% death benefit payout when you pass away.

To get the best burial insurance with diabetes and diabetic complications, you need to work with an independent life insurance agency like Funeral Funds. We will shop the market for you to get the best plan at the lowest price.


HOW CAN FUNERAL FUNDS HELP ME?

Trying to find a policy if you have diabetes or diabetic complications needn’t be a frustrating process; working with an independent agency like Funeral Funds will make the process easier and quicker.

If you have a health history of diabetes, 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 don’t have to 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 diabetes and diabetic complications funeral insurance, or diabetes and diabetic complications burial insurance, or diabetes and diabetic complication life insurance.

Fill out our quote form on this page or call us at 888) 862-9456 and we can give you an accurate quote.

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