Best Priced Burial Insurance for Diabetes

Best Priced Burial Insurance for Diabetes

If 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.

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.

FOR EASIER NAVIGATION:

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 any 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 are taking oral medication to control your diabetes and you 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 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 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 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 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, or 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 questionnaire:

  • 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 available!

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’re taking any of these drugs, the insurance company will know that 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$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


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


INFORMATION WE NEED IF YOU HAVE DIABETES

When applying for final expense insurance with a diabetes, it is important to provide us much information as possible.

We will ask you a series of health questions to get a better idea of 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 we are 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 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 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 that specializes in high-risk applicants who have 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’re unable to qualify for traditional life insurance or you have been denied life insurance because of diabetes, we can help you obtain the coverage that you need. Through a no medical exam life insurance for diabetics, you can be covered from day one. We will assist you to obtain 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.

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