Looking for burial insurance with diabetic amputation is challenging. Thousands of diabetics are rejected for life insurance every year, and if you’re one of them, you can still get burial insurance. We know of many companies will offer you an affordable life insurance plan to meet your need whether you have diabetes or diabetic amputation.
If you think that burial and final expense life insurance is too expensive because of your diabetes, you’ll be surprised to see how affordable it can be. The key to finding the best plan for diabetics is to find a company that looks at people with diabetes favorably. Several companies are diabetic friendly and it’s our job is to match you with one.
Just because you find yourself with a diabetic amputation does not mean you will have to pay more for burial insurance. In fact, you can find a company that will give you an immediate death benefit depending on your overall health without overpaying due to diabetes.
We will give you the information you need to find the right insurance policy if you have diabetes. This article will detail everything you must know about burial insurance with diabetic amputation, what to expect and how to find the most affordable burial insurance policy.
FOR EASIER NAVIGATION:
CAN YOU QUALIFY FOR BURIAL INSURANCE IF YOU HAVE DIABETIC AMPUTATION?
Absolutely! Having diabetes makes it more difficult to find an affordable policy, but it’s not impossible. As treatments improve, more and more life insurance carriers are becoming more lenient with their underwriting for diabetics.
There are certain types of policies available to people with diabetic amputation. These policies are called simplified issue and guaranteed issue life insurance policies.
For diabetics who have been declined in the past, these types of policies may be ideal because these policies do not require any medical exam. If you had a diabetic complication like an amputation, these plans may be your only option to get a life insurance policy.
WHY DO INSURANCE COMPANIES CARE ABOUT DIABETIC AMPUTATION?
Diabetes or high blood glucose levels affect blood circulation and carry an increased risk of nerve disease, which can lead to loss of feeling in the limbs; this can lead to amputation.
Amputation is a significant complication of diabetes.
The most common amputation in diabetics is the toes, feet and lower legs.
Diabetic neuropathy or nerve damage occurs when nerves are damaged due to a high sugar level in the blood. Diabetic neuropathy develops in 60 to 70% of people with diabetes.
Peripheral neuropathy is the type of neuropathy that hands, arms, toes, feet, and legs. Risk of neuropathy and amputation increases with age, obesity and the length of time you have had diabetes. Neuropathy is prevalent particularly with those who have diabetes for more than 24 years.
Tissue death from nerve damage can become so painful and life-threatening that it makes amputation necessary when all measures fail. A part of the foot or toe may have to be removed to save the whole limb. However, if the problem has spread into the leg, the leg may also be needed to be removed.
Diabetic neuropathy increases the risk of amputation.
More than half of all amputations per year are due to diabetes-related complications. Most amputations are performed on the lower extremity such as a toe or foot amputation.
If you have diabetes, you need to be aware of your feet and watch out for diabetic foot ulcers. Foot ulcers are sores that develop on the feet, it can seem like minor injuries to the feet, but they are the common cause of amputation due to diabetes. The insurance companies know that foot ulcers account for 85% of major amputation performed on diabetics.
Damaged tissues will be removed in surgery to preserve the healthy tissues. The patient may require many days in the hospital, and it may take up to eight weeks for the wound to completely heal.
Finding affordable life insurance with a diabetic amputation can be a challenge at times. It’s easy to be frustrated when some companies are telling you can’t get approved for life insurance.
Since diabetes is a chronic illness and complication like diabetic amputation is viewed as a high risk in the eyes of insurance companies.
Why is it difficult for Diabetics to get life insurance coverage?
Diabetics are harder to qualify for life insurance, and the plans are more expensive. Life insurance companies rate applicants based on their mortality.
Since diabetes is mostly accompanied by other health issues like obesity and high blood pressure, diabetics often run the risk of developing:
- Heart disease
- Kidney disease
The severity of these side effects makes diabetics a higher-risk applicant to the insurance companies. These side effects make it particularly hard for people with diabetes to find a life insurance policy with reasonable rates.
Insurance companies care about the complications of diabetes because the life expectancy for diabetics is considerably lower than for the general population. Life expectancy differs by almost 20 years for type-1 diabetes and ten years for type 2 diabetes.
WHAT WE WILL ASK YOU IF YOU HAVE DIABETIC AMPUTATION
There are several questions you need to answer before applying for life insurance with diabetic amputation.
It’s crucial that you provide us as much information as possible. This information will better help us understand your condition and will help us to provide you with an accurate quote.
Here are some questions we may ask to qualify you for the best plan and pricing:
- What type of diabetes do you have?
- What age were you diagnosed with diabetes?
- Do you use insulin?
- How many units of insulin do you use on a daily basis?
- Do you use medication like Metformin, Actos, Glyberide, Januvia or Glipizide to treat your diabetes?
- Have you been in a diabetic coma?
- Did you have an insulin shock?
- Do you have neuropathy, retinopathy, or glaucoma?
- Are you being treated for kidney disease?
- Do you have heart disease?
- Do you able to perform activities of daily living on your own?
- Are you confined to a wheelchair?
We will ask you these questions to assess your current health. It is your responsibility to answer these questions as honestly as possible. All of these things will play a part in determining which company is right for you.
Our goal is to get you a burial insurance plan with the best benefits and pricing. That means getting you a plan that pays immediately without a two-year waiting period.
It is very important to pick the right company the first time. Being declined can hurt your chances of being approved for another company.
Once you’re declined, other companies may use that information not to offer you a coverage that you otherwise would have been approved for.
BURIAL INSURANCE UNDERWRITING WITH DIABETIC AMPUTATION
Most final expense companies will do a Medical information bureau (MIB) background check and a prescription drug check. It is done to make sure you are truthful when answering the health question.
The MIB result will determine what rates and plans you will qualify for.
You will see them ask about diabetic amputation in a different way. The most common ways are?
- Have you ever had an amputation resulting from diabetes?
- When exactly was the amputation
- Have you received any wound care in the last 12 months?
Every insurance carrier will want to know if you ever have an amputation due to diabetes.
If you answered “yes” to any of these questions, do not think you may not qualify for some burial insurance plans. We work with one company that will offer you affordable burial insurance with diabetic amputation.
In addition to those questions, the company will also ask about any of your other health conditions. Some companies are totally accepting of your other health and medical conditions, but others might not accept other conditions you deal with. We will assess your entire health profile to determine which company would accept all your health issues.
Each insurance company uses different underwriting guidelines and some companies decline you due to diabetic amputation, doesn’t mean that it’s the end of the road for you. Many other companies are more accepting of your amputation.
We will find the best company that will accept you, but you may pay more because of your diabetic complications.
Just remember that no matter how ill you are, there are always options for coverage. We have companies that will accept everyone regardless of your medical condition.
OTHER FACTORS THAT INFLUENCE UNDERWRITING
ACTIVITIES OF DAILY LIVING
Are you able to do activities of daily living on your own?
Needing assistance to activities of daily living includes needing help to perform: eating, bathing, dressing, toileting, transferring and continence.
If you can perform these activities on your own, then your diabetic amputation will have little to no effect on your ability to qualify for burial insurance.
However, if you need help with activities of daily living, then your best choice for insurance coverage is guaranteed acceptance life insurance. Most burial insurance companies will decline anyone who needs help with ADL’s.
Every burial insurance company will ask if you need help with activities of daily living except for Royal Neighbors of America. They will also ask about diabetic amputation. If you qualify with them, they will place you in their graded plan. This plan costs more, and it has partial coverage. It is better than the full two-year waiting period.
If you don’t qualify with Royal Neighbors because of other health issues, your only option would be to take out a guaranteed acceptance life insurance.
This plan has no health questions or medical exams. It’s a little bit expensive than a plan with health questions, and it comes with a two-year waiting period before they will pay out a death benefit for a natural cause of death.
When diabetics lose their legs due to diabetes, it is common to utilize the assistance of cane, walker or a wheelchair. Using a wheelchair may have an impact on your ability to qualify for final expense insurance.
Most burial insurance companies ask about wheelchair use, and they will flat out decline your application if you use a wheelchair. Your best option for coverage is to take out a guaranteed issue life insurance.
LIFE INSURANCE OPTIONS IF YOU HAVE DIABETIC AMPUTATIONS
LESS THAN 1 YEAR SINCE DIABETIC AMPUTATION
It is rare for a burial insurance company to look back one year on diabetic amputation.
If your diabetic amputation occurred one year or less than one year ago, your best option for life insurance coverage is a guaranteed issue burial insurance. It is a no-exam no-question policy that accepts every applicant regardless of their medical condition.
Your approval is guaranteed, but there is a limit for a natural cause of death for the first two years of the policy.
BETWEEN 1 AND 2 YEARS SINCE THE DIABETIC AMPUTATION
If your diabetic amputation occurs less than two years, you may have access to a graded death benefit.
It means you are partially covered from the first day. This plan is better than a guaranteed issue policy that has a two-year waiting period.
TWO YEARS OR LONGER SINCE THE DIABETIC AMPUTATION
If your diabetic amputation occurred more than two years ago, there are a select few burial insurance companies that offer level death benefit with first-day full coverage option.
Hopefully, you do not have any other health issues that may prevent you from qualifying from these diabetic-friendly companies.
BURIAL INSURANCE WITH DIABETIC AMPUTATION
LEVEL DEATH BENEFIT
A level death benefit is offered to diabetics whose amputation occurred more than two years. You are instantly covered from the first day, and your beneficiaries will receive the full death benefit when you pass away.
This is best if you do not have any other health conditions that may prevent you from qualifying.
A graded death benefit is offered to those people with diabetes whose amputation occurred more than 12 months.
A graded death benefit means partial coverage. Your beneficiaries will receive a percentage of your death benefit when you pass away during the first two years.
If you die during the first year, your beneficiary will receive 40% of the death benefit. If you pass away during the second year, the policy will pay out 70% of the death benefit. The policy will pay out 100% on the third year of the policy.
GUARANTEED ISSUE LIFE INSURANCE
If your diabetic amputation is recent or less than one year, a guaranteed issue policy is your best option.
Guaranteed issue final expense insurance does not ask any health questions, and you will surely qualify if you meet the age requirements. The insurance company will simply ask your personal information, beneficiary information, and payment information.
The application is quick, and the underwriting process takes a matter of minutes. After the insurance company processes your application, your policy will be mailed to you. The two-year waiting period would begin after you paid your first premium.
Guaranteed final expense insurance policy will not pay the full death benefit for two years. If the death occurs because of natural cause, the beneficiary will only receive all premiums paid plus 10% interest. If death occurs due to an accident the full amount of the policy would be paid to the beneficiary.
WHAT IF YOU’RE DECLINED FOR LIFE INSURANCE COVERAGE?
If you’re rejected for level death benefit due to your diabetic amputation, don’t believe that you can’t secure an affordable life insurance plan with a different company. You can still purchase a guaranteed issue life insurance policy from us.
When applying for life insurance with diabetic amputation, it is best to work with an independent insurance agency like Funeral Funds. We know the underwriting guidelines of multiples companies, and we can get you better rates.
We have access to more than 40 insurance companies, and we can match you with the diabetic-friendly life insurance company. It will save you time and frustration during the life insurance application process.
HOW CAN FUNERAL FUNDS HELP ME?
Trying to find burial insurance with pre existing conditions 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 diabetic amputation, 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 diabetic amputation funeral insurance, diabetic amputation burial insurance, or diabetic amputation life insurance, 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 life insurance quotes.