2023 Best Priced Burial Insurance for Diabetes
last updated on June 2, 2023If you have diabetes, type 1, type 2, or gestational diabetes, you can still find affordable diabetes burial life insurance coverage.
Regardless of your current health, it’s possible to get quality final expense life insurance that you can afford.
The video below contains useful information if you have diabetes and want to qualify for the best-priced burial, cremation, or final expense life insurance.
We will help you through the whole application process and find you to get the best-priced burial insurance to protect your loved ones. Keep reading this article to find out how to get approved for the lowest rates.
JUMP DOWN TO ANY TOPIC:
- ↓ How It WorksXXXbur-crem-fex-approval process
- ↓ ProsWhat To Avoid-term-2 year
- ↓ ConsBest Option-1st-day
- ↓ Coverage FactsXXX-recommendations based on need.
- ↓ Underwriting InfoXXXMedications-diagnosis date – Health Questions
- ↓ Pricing Examples-GET A QUOTE
- ↓ Before You BuyXXX
- ↓ Additional Q&AXXX
FOR EASIER NAVIGATION:
- What Is My Best Insurance Option If I Have a History of Diabetes?
- What Types of Burial Insurance Should I Avoid?
- What Type of Burial Insurance Is Best?
- If I Have Diabetes, Do I Need a Medical Exam to Qualify for Burial Insurance?
- Burial Insurance Underwriting If You Have Diabetes
- How Much Insurance Do I Need If I Have Diabetes?
- How Should I Pay My Premiums?
- Diabetes and Burial Insurance Riders
- Information We Need if You Have Diabetes
- How to Get the Best Burial Insurance Rates for Diabetes?
- Benefits of Burial & Funeral Insurance
- Other Common Uses for Final Expense Life Insurance with Diabetes
- How Can Funeral Funds Help Me?
- Additional Questions & Answers On Burial Insurance For Diabetes
What Is My Best Insurance Option If I Have A History Of Diabetes?
You can get approved for burial insurance policy if you are:
- Type 1 Diabetic
- Type 2 Diabetic
- Gestational Diabetic
- Taking oral medication for diabetes
- Taking insulin for diabetes
Even if you have diabetes complications like nephropathy, neuropathy, diabetic amputation, insulin shock, diabetic coma, you will still be eligible for coverage. Almost all burial insurance companies will issue you a policy with a level or graded death benefit.
TYPE 1 DIABETES
If you have type 1 diabetes (juvenile diabetes or insulin-dependent diabetes. Your condition must be well controlled to qualify for the best plan.
You will be fully covered from the first day, and no waiting period. You will also have the lowest pricing. Your beneficiary will receive the full death benefit amount when you pass away.
Best Option: First-day coverage plan
TYPE 2 DIABETES
If you have type 2 diabetes or adult-onset diabetes without complications, you will be quickly approved for a first-day coverage plan.
Best Option: First-day coverage plan
GESTATIONAL DIABETES
If you have gestational diabetes during pregnancy, you will still qualify for the best plan since this condition is usually temporary.
Best Option: First-day coverage plan
TAKING ORAL MEDICATION
If you take oral medication to control your diabetes and don’t have any diabetic complications, you will qualify for a first-day coverage plan and the lowest pricing.
Best Option: First-day coverage plan
TAKING INSULIN
If you’ve been taking insulin to control your diabetes, you will still qualify for the best plan.
This means that most diabetics can be covered from day one, you will have no waiting period and you can qualify for the lowest rates.
Best Option: First-day coverage 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 Diabetes, 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 diabetes.
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 Diabetes
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:
- Have you been treated for or diagnosed as having insulin shock, diabetic coma, amputation caused by disease, or taken insulin shots prior to age 50?
- Have you been diagnosed with diabetes prior to age 30, or have you ever been treated for insulin shock, diabetic coma, retinopathy, or diabetic neuropathy?
- Within the past 2 years, have you had or been diagnosed with, received, or been advised to receive treatment or medication for complications of diabetes such as diabetic coma, insulin shock, retinopathy (eye), nephropathy (kidney), or neuropathy (nerve, circulatory)?
You will hardly see any insurance companies asking about the type of diabetes you have. They are only concerned if you have diabetic complications.
Here are the diabetic complications that you can see with some life insurance diabetes questionnaires:
- Amputation due to diabetic complications
- Diabetic Coma
- Insulin Shock
- Neuropathy (Nerve/Circulatory Issues due to diabetes)
- Nephropathy (Kidney issues due to diabetes)
- Retinopathy (Eye issues due to diabetes)
Even with these complications, you will be able to qualify for burial insurance.
What’s amazing is that if you have any of these diabetic complications and enough time has passed (typically 2 years), some insurance companies will accept you at the best pricing!
PRESCRIPTION MEDICATIONS:
Insurance companies will check your prescription history to verify your medical history. Here are some common diabetic medications.
- Apidra
- Glyset
- Humalog
- Humulin
- Lantus
- Levemir
- Metformin
- Novolin
- Pramlintide
- Precose
- Ryzodeg
- Sulfonylureas
- Tresiba
- Toujeo
These are the most common diabetes medications. If you take any of these drugs, the insurance company will know you have diabetes.
How Much Insurance Do I Need If I Have Diabetes?
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.
Diabetes 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-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 Diabetes
When applying for final expense insurance with diabetes, it is important to provide as much information as possible.
We will ask you a series of health questions to better understand your condition. These questions include:
- Which type of diabetes do you have (Type 1 or Type 2)?
- When were you initially diagnosed with diabetes?
- Were you diagnosed with diabetes before age 50?
- What prescription medications are you taking to control your condition?
- Have you ever gone into insulin shock?
- Have you experienced a diabetic coma?
- Do you have retinopathy or eye issues due to diabetes?
- Do you have diabetic neuropathy or nerve issues due to diabetes?
- Do you have nephropathy or kidney issues due to diabetes?
- Are you being treated for diminished kidney functions, including medications, dialysis, or kidney transplant?
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.
How To Get The Best Burial Insurance Rates With Diabetes?
To get affordable rates for burial insurance with insulin shock, you should use an independent agency like Funeral Funds. We are highly experienced in helping people with diabetes and uniquely equipped to shop the market for you to get you the best deal.
Our years of experience allow us to understand how each carrier works and which company would be the best for you. We can compare prices from different companies to see which one will offer you the cheapest plan.
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 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 Diabetes
All of these examples are appropriate uses for Final Expense Life Insurance:
- Burial insurance plan with diabetes
- Cremation insurance plan with diabetes
- Funeral home insurance plan with diabetes
- Final Expense insurance plan with diabetes
- Prepaid funeral plan insurance with diabetes
- Mortgage payment protection plan with diabetes
- Mortgage payoff life insurance plan with diabetes
- Deceased spouse’s income replacement plan with diabetes
- Legacy insurance gift plan to family or loved ones with diabetes
- Medical or doctor bill life insurance plan with diabetes
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.
How Can Funeral Funds Help Me?
Funeral Funds is an independent insurance agency specializing in high-risk applicants with pre-existing conditions like diabetes. Working with us will save you time during the life insurance application process because we can tell you which carriers will issue life insurance policies to diabetics.
If you cannot qualify for traditional life insurance or have been denied life insurance because of diabetes, we can help you obtain the coverage you need. You can be covered from day one through a no medical exam life insurance for diabetics. We will assist you in obtaining the life insurance protection that you need.
If you have any questions about finding a no medical exam life insurance for diabetics – or if you have a question about life insurance in general, or you want to get a burial insurance quote – we can help you. Our final expense insurance specialists can be reached by calling (888)862-9456. Contact us today. We will help you.
Additional Questions & Answers On Burial Insurance For Diabetes
Can I get insurance if I have diabetes?
Yes, you can get burial, funeral, cremation, and final expense insurance if you have type 1 diabetes, type 2 diabetes, or gestational diabetes. Most carriers will automatically accept coverage for health problems such as diabetes, but some policies may provide limited benefits if you have diabetic complications such as neuropathy, nephropathy, diabetic coma, diabetic amputation, or insulin shock.
Can diabetics get life cover?
Most insurers cover diabetics for life insurance, even with some complications. Diabetics can buy life insurance just like any other healthy individual.
Is diabetes covered in insurance plans?
Yes, diabetes is covered by life insurance.
Can diabetics buy insurance?
Yes, diabetics can still qualify for final expense life insurance. Most insurance companies accept applicants with diabetes. Most applicants qualify for a first-day coverage plan.
Can I get private insurance with diabetes?
People with diabetes could get private insurance that will offer them insurance coverage. The majority of carriers qualify diabetics for coverage.
Is Type 1 diabetes considered a pre-existing condition?
Insurers recognize diabetes as a pre-existing condition. Any medical condition existing before the date of enrollment is considered a pre-existing condition by life insurance companies.
Is Type 2 diabetes covered by insurance?
Type 2 diabetes is considered a “pre-existing condition.” Any medical condition before the insurance application is considered a pre-existing condition.
Does Type 2 diabetes affect life insurance?
Type 2 diabetes is considered a pre-existing condition by the majority of insurance carriers. However, some companies may consider this disease a significant health risk if it results in diabetic complications.
Can a person with type 1 diabetes get life insurance?
Yes, carriers will underwrite applications for people with Type 1 diabetes. Depending on the severity of diabetes, some companies may charge extra premiums.
Can you be denied life insurance for diabetes?
You will not be turned down for life insurance due to diabetes unless you have diabetic complications, neuropathy, nephropathy, diabetic coma, diabetic amputation, or insulin shock. Some insurance companies will not accept you for first-day coverage if you have diabetic complications.
Are diabetics covered in term life insurance?
Diabetics are generally covered by term life insurance, but once again, some carriers may underwrite an application based on individual circumstances. If the diabetic applicant has poor control over their blood glucose levels, the carrier may charge extra premiums, exclude coverage, or even decline your application.
Can you get insurance with diabetes?
Yes, you can get insurance if you have diabetes. Insurance companies recognize that a diabetic is not necessarily a sick person as long as blood glucose levels are regularly monitored and controlled.
Do I need to tell insurance about type 2 diabetes?
Yes, you should disclose all pre-existing conditions to your insurance company, as they will be considered when determining your risk profile and premiums.
Does diabetes affect life insurances rates?
No, diabetes by itself will not affect life insurance rates in most cases. However, some diabetic complications may only qualify you for a guaranteed issue policy which is more expensive.
Do all insurances cover insulin?
Some life insurance companies ask about insulin use after a certain age. You can still qualify for coverage if you are using insulin.
Do all carriers cover diabetes?
Most carriers will provide coverage for diabetes, but some companies may exclude people with diabetic complications.
Does having diabetes affect my rates?
No, diabetes by itself will not affect your rates unless you have a diabetic complication.
How do insurance companies check for pre-existing conditions?
Insurance companies will use underwriting guidelines to check for any pre-existing conditions.
Is insulin covered by insurance?
Insulin is typically is covered under most insurance plans. Insulin users will still qualify for insurance coverage.
What type of diabetes affects rates on life insurance?
Generally, diabetes will not affect your rates unless you have diabetic complications.
Is diabetes a disability?
Yes, diabetics may be covered under the Americans with Disabilities Act. Type 1 and type 2 diabetes are considered as disabilities.
Do you have to declare diabetes on car insurance?
No, the majority of companies will not ask you to disclose your diabetes status.
How do you get car insurance with diabetes?
You can still qualify for car insurance with diabetes. The application process is the same for people who have no diabetes.
Does Type 2 diabetes affect life insurance?
No, type 2 diabetes will not affect your ability to qualify for final expense life insurance.
How much do you need to tell an agent about your diabetes?
You should inform your agent about all known health conditions, including any medications being taken and how it is being treated. This would include both Type 1 and Type 2 diabetes.
Is car insurance expensive if you have type 2 diabetes?
Carriers will not consider diabetes when underwriting an application for auto insurance. Type 2 diabetes will not affect your rates.
Does type 2 diabetes get worse with age?
Yes, it often does get worse with age. Treatment is more complicated when your body begins to lose its ability to secrete insulin.
Why is life insurance so expensive for diabetics?
Diabetics often get the same low rates as non-diabetics. Diabetes can lead to several other health complications that may require extensive medical treatment and medications. This will affect life insurance rates only if you have diabetic complications.
Why can’t diabetics get insurance?
Most diabetics can get insurance. However, diabetes can lead to several other health complications that may require extensive medical treatment. This will affect life insurance eligibility because of other risk factors.
Is Type 1 diabetes considered a critical illness?
Type 1 diabetes is considered a critical illness.
Is diabetes a chronic illness?
Yes, it is a chronic illness and will stay for the rest of your life. It may affect life and health insurance rates and premiums if it results in diabetic complications.
How much do you need to tell an agent about your diabetes?
This would include both Type 1 and Type 2 diabetes. You should inform your agent about all known health conditions including any medications being taken.
Is diabetes 1 or 2 worse?
Both Type 1 and Type 2 diabetes are equally critical conditions. However, type 2 diabetes is milder than type 1 diabetes.
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