Best Priced Burial Insurance for Diabetes

Best Priced Burial Insurance for Diabetes

Burial insurance for diabetes and diabetics is an easy way to get life insurance coverage quickly and efficiently to pay for funeral and burial expenses. If you have diabetes, type 1 or type 2, you can still find affordable burial life insurance coverage.

You might have been told that you won’t be able to find affordable life insurance because of your diabetes diagnosis – this is not true!

Regardless of your current health, it’s possible to get quality final expense life insurance that you can afford.

The easiest way to get the best life insurance with diabetes is to work with an experienced independent agency like Funeral Funds who has access to many diabetic friendly insurance companies.

We will help you through the whole application process and find you get the best-priced burial insurance to protect your loved ones.

FOR EASIER NAVIGATION:

CAN I GET BURIAL INSURANCE WITH DIABETES?

WHY WOULD I WANT A GRADED BURIAL POLICY WITH HIGH DIABETES?

HOW NO MEDICAL EXAM LIFE INSURANCE FOR DIABETICS WORKS

QUESTIONS YOU MAY BE ASKED ON THE APPLICATION

WHO CAN APPLY FOR NO MEDICAL EXAM LIFE INSURANCE FOR DIABETICS?

WHAT ELSE WILL THE INSURANCE COMPANY WANT TO KNOW ABOUT MY HEALTH AND DIABETES

TYPES OF NO MEDICAL EXAM LIFE INSURANCE FOR DIABETICS

WHAT TO LOOK FOR IN A NO MEDICAL EXAM LIFE INSURANCE POLICY

WHAT ARE THE BENEFITS OF BURIAL INSURANCE?

HOW TO GET THE BEST BURIAL INSURANCE RATES WITH DIABETES?

HOW CAN YOU APPLY FOR NO MEDICAL EXAM LIFE INSURANCE FOR DIABETICS?

CAN I GET BURIAL INSURANCE WITH DIABETES?

The truth is….people with diabetes are approved for burial insurance all the time!

Finding life insurance, burial insurance, or final expense insurance for people with diabetes may not seem easy. In fact, finding burial insurance coverage doesn’t have to be a long, complicated process for people with diabetes.

If you have been denied life insurance because of diabetes in the past, it doesn’t mean that we can’t get you the protection you need today. Burial insurance with pre-existing conditions like diabetes is possible.

With no medical exam policies, you can get approved in a matter of days! There is no medical exam with this type of policy!

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.

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 they offer.

Level Coverage (simplified issue) plans offer death benefit payout right away without waiting period. This whole life insurance for type 1 diabetes and type 2 diabetes is great because it comes with first-day coverage. The premium will stay fixed during the life of the policy. Most of the time you’ll only have to answer about 15 to 20 easy health questions to qualify for this type of plan.

Instead of a medical exam, they will check your:

  • Medical history through the Medical Information Bureau
  • Prescription medications through Rx database
  • Driving record though Motor Vehicle Records
  • Other companies may want to do a phone interview.
  • Depending on the insurance company, they may issue a decision immediately after the phone interview.

With this type of policy, whatever happens, as long as you pay your premiums while you are alive, your beneficiaries are sure to receive a cash payout when you die.

YOU WILL ALSO BE ELIGIBLE FOR A GUARANTEED ISSUE BURIAL POLICY…BUT WE SUGGEST YOU AVOID THESE IF YOU HAVE DIABETES

Just like the name says, you’re guaranteed to get life insurance with a guaranteed issue policy.

This means you can focus on getting your coverage quickly without the hassle of a medical exam in a traditional life insurance application.

There are also no health or medical questions to answer; you will get accepted no matter what medical condition you have. It means that even if you have a terminal illness like cancer, you can still qualify for coverage.

With this type of policy, whatever happens, as long as you pay your premiums while you are alive, your beneficiaries are sure to receive a cash payout when you die.

A guaranteed issue life insurance policy sounds like a piece of cake but wait; there are some disadvantages to a guaranteed issue burial policy.

When you’re considering a no exam policy, bear in mind that you may end up paying higher premiums with a guaranteed issue burial policy. You will also have a 2 year graded waiting period, which is a kind of safety net for the insurance company if something happens to you within the first year or two of buying the policy. See our guide on no exam life insurance.

A graded death benefit has a two-year waiting period (graded policy) which means that if you die from non-accidental death within the two-year waiting period, your benefits will not be paid to your beneficiary. Instead, they will only receive all the premiums you paid to the policy plus 10% interest.

If you already have purchased a burial policy, you need to check with your carrier immediately because some of them even have a three to four-year waiting period!

For example, one company doesn’t pay the full death benefit on the graded policy until the 4th year! Why even bother with a policy like this when you are eligible for a 2-year waiting period with other carriers.

WHY WOULD I WANT A GRADED BURIAL POLICY WITH HIGH DIABETES?

You will always qualify for a graded or guaranteed issue policy, but why would you ever want this policy when you can be eligible for 1st-day level benefit coverage?

You have probably seen guaranteed issue policies advertised on television and in magazines in the past.

Never purchase a policy from a TV commercial or magazine advertisement if you have diabetes. You’ll pay too much and have to wait two years for your insurance coverage to start.

HOW NO MEDICAL EXAM LIFE INSURANCE FOR DIABETICS WORKS

No medical exam life insurance policy will not require an applicant to undergo a medical examination to qualify for insurance coverage.

You won’t need to submit a blood and urine sample as part of the application process. Because there is no medical exam, people with diabetes and other health conditions can qualify for immediate burial insurance protection.

There are only a few health questions to answer on most applications.

A guaranteed issue policy does not even have any health questions asked on the application. You are guaranteed to be accepted and the policy will stay in force as long as you continue to pay the premiums.

Your coverage will be in force as long as premiums are paid on time.

Because there are no medical underwriting requirements to check, these policies can be issued within just a few minutes to a few days. This means that we can get your coverage can be in force almost immediately.

If you have serious health issues we can get you “graded” coverage. This means that a certain percentage of the total death benefit will be given to your beneficiary if you die during the first 24 months of the policy.

If you die after the two-year waiting period then the full death benefit will be paid out to your beneficiary.

With a graded policy, you are also eligible for accidental death coverage from the day your policy is approved.

QUESTIONS YOU MAY BE ASKED ON THE APPLICATION

Depending on the plan you apply for, a no medical exam simplified issue policy will still require you to answer a few medical questions.

There may be some questions that are asked regarding your diabetes in the life insurance diabetes questionnaire

Some of these questions may include the following:

  • What is your height and weight?
  • When were you diagnosed with diabetes?
  • What type of diabetes do you have (Type 1 or Type 2)?
  • What medications are you taking?
  • Are you taking insulin or oral medications?
  • How many units of insulin are you taking per day?
  • Have you ever had an amputation due to diabetes?

You will need to provide your basic information on your application such

  • Birthday
  • Age
  • Gender
  • Marital status
  • Tobacco usage
  • Alcohol usage
  • Overall health
  • Medical history

WHO CAN APPLY FOR NO MEDICAL EXAM LIFE INSURANCE FOR DIABETICS?

Diabetes is a common health condition in the United States and the no-exam insurance carriers are much more lenient than in the past.

You can get approved for an insurance policy if you are:

  • Type 1 Diabetic
  • Type 2 Diabetic
  • 0 to 85 years old
  • Taking oral medication for diabetes
  • Taking insulin for diabetes Type 1 Diabetes

WHAT ELSE WILL THE INSURANCE COMPANY WANT TO KNOW ABOUT MY  HEALTH AND DIABETES

Long-term diabetic patients may develop health conditions over time that may impact your ability to qualify for some burial plans. Here are some conditions that the insurance companies will want to know about:

  • 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)

Want some great news? Even with these complications, you will be able to qualify for burial insurance.

What’s amazing is that if you have any of these health issues and enough time has passed (typically 2-3 years), some insurance companies will accept you at the best pricing available!

TYPES OF NO MEDICAL EXAM LIFE INSURANCE FOR DIABETICS

The most common no medical exam life insurance policies for diabetics include:

Simplified Issue Whole Life

Simplified issue whole life insurance policies is a no medical exam life insurance that only requires you to answer a few health questions.

It offers level death benefit with no waiting period.

Well-controlled type 2 diabetics will also be eligible for simplified issue life insurance. These policies are available for up to $50,000 death benefits.

Guaranteed Issue Life Insurance

Guaranteed Issue policies offer up to $25,000 in death benefits for those people between the ages of 50 and 85.

It has no medical exam or health questions at all!

People with serious health issues such as type 1 diabetes, cancer, or heart disease can still qualify for these policies.

More expensive versions of these policies are typically seen advertised on TV and the internet. There is a two-year waiting period before the beneficiaries can receive the full death benefit.

WHAT TO LOOK FOR IN A NO MEDICAL EXAM LIFE INSURANCE POLICY

Make sure that the insurance carrier you choose offers no medical exam life insurance policies for people who have diabetes. The actual life insurance carrier can make a big difference.

Look for the financial strength and stability of the company to be sure that the company will still be there at the time you need it most. An “A” rating or better with A.M. Best means that the insurance company has a good track record of meeting its financial obligations over time.

A few things to look out for are:

Premiums

Rates for burial insurance or your premium will vary depending on the type of policy you choose. Different insurance carriers charge different rates for policies. It is to your advantage to not do this shopping on your own and not purchase any policy from magazines or television without shopping around for better no medical exam life insurance quotes.

Make sure that the policy you apply for has a level premium. This means that your premium will be locked in and will never increase as you age.

Benefits

When looking for a no medical exam life insurance for diabetics, make sure that the death benefit is fixed and will never decrease for any reason.

Payout Method

You also need to be aware of how your death benefits will be paid upon your death. Will 100% of the face amount be paid regardless of when you die or did you purchase a graded plan?

WHAT ARE THE BENEFITS OF BURIAL INSURANCE?

Here are some of the benefits of purchasing a burial or funeral policy:

  • Ease of issue – easy to qualify and get insurance coverage.
  • No medical exam needed – you are only required to answer a few health questions.
  • Fixed death benefit – your death benefit is fixed and guaranteed to never decrease for any reason.
  • Level premium – your premium will never increase. It is lock into a rate at your current age, and the rate will never go up regardless of advancing age or medical conditions.
  • Not cancelable – your policy can never be canceled by the life insurance company as long as premium payments are made on time.
  • Tax-free – the death benefit is directly paid to your beneficiary tax-free
  • You can get a much smaller amount of coverage – burial insurance can range from $1,000 to $50,000.
  • Cash value builds up – burial insurance is a whole life policy that builds cash value over time.

HOW TO GET THE BEST BURIAL INSURANCE RATES WITH DIABETES?

Life insurance quotes are basically based on age, sex, and where you live in the United States.

If you want to know your diabetes burial insurance eligibility, you should work with an independent life insurance agency like Funeral Funds so you can get the best quotes from many different insurance companies. We can always give you an accurate quote based on any medical condition you have going on in your body.

Looking for burial insurance will be easy if you allow us to help you!

There is no reason to shop on your own and waste your time calling the different life insurance companies. If you’re ready to find the right type of protection for your needs, just use the instant QUOTE form on this page.

HOW CAN YOU APPLY FOR NO MEDICAL EXAM LIFE INSURANCE FOR DIABETICS?

Diabetes insurance policy could be costly depending on the type of diabetes that you have Type 1 or Type 2, and the severity of your condition. You may even not qualify at all if you work with an insurance agent who does not know where and how to locate the insurance carriers that are friendly with someone who has this condition.

The good news is that 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 declined in the past, 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 experts can be reached by calling (888)862-9456. Contact us today. We will help you.

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