Buying burial insurance for disabled persons is possible. The American Disabilities Act of 1990 prevents anybody from denying coverage to people with disability. Even if your insurance application was denied in the past, there are great options for you to get final expense insurance coverage.
If your disability does not increase the chances of dying prematurely, most life insurance companies will ignore your disability. For example, you have lost a leg but you have been fitted with a prosthetic, and you are fully functional and healthy, you will generally qualify for immediate coverage.
The truth is disability is not an issue with most burial insurance companies, and you will hardly see them asking about it in their health questionnaire; these companies don’t even care if you’re disabled.
In this article, we will examine the different insurance options for disabled persons and how to get the best insurance policy at the lowest price.
WHY DO INSURANCE COMPANIES CARE IF YOU ARE DISABLED?
Insurance companies care if you are disabled because some disabilities affect life expectancy. Your disability may be considered high risk by life insurance companies because of potential health complications or sudden death.
The cause of your disability may reduce your chances of getting approved for life insurance with immediate coverage. If a life-threatening health problem causes your disability, you may need to pay more and have a waiting period.
Every life insurance provider has its own unique underwriting guidelines. They are all different, and they may accept or decline applicants based on various health conditions and lifestyle.
The good news is that many types of disabilities do not increase mortality as long as there are no other risk factors for premature death (such as high blood pressure or diabetes). This is the reason why applicants with a disability who are relatively healthy can qualify for a level death benefit with no waiting period. Even if your medical condition is severe or life-threatening, it’s still possible to get burial insurance.
COMMON CAUSES OF DISABILITY IN THE U.S.
The cause of your disability will affect your life insurance approval.
Every disability is different. Some could be caused by illness while others could be a result of accident or injury. Some disabilities are crippling and may affect life expectancy, while other disabilities have minimal impact on the person’s life such as some daily inconveniences and mobility problem.
People can be disabled for different reasons. In truth, the most condition that causes disability does not pose a problem with burial insurance. While being classified as disabled will not be an issue, the health condition that caused your disability could be.
Here are the most common causes of disability:
Arthritis and other musculoskeletal problems
According to the CDC, about 1 in 3 people say arthritis affect their ability to perform everyday activities.
Arthritis and other musculoskeletal problems are a very common cause of long-term disability and account for one-third of all disability cases. This is because muscle and joint problems limit the ability to perform one’s job. Severe arthritis can limit motor skills like writing and typing that are a major part of most jobs.
Joint problems in the back or hips may also result in disability for people doing physical jobs that cause their bodies to wear themselves down over time.
Arthritis is a non-issue with burial insurance companies. The only time that it may create an issue is if your arthritis caused you to need long-term care or you need help with activities of daily living such as eating, bathing, dressing, toileting, transferring or continence.
Injuries caused by accidents
We could be injured anytime as the result of an accident at home, at work, or anywhere. When those injuries affect your ability to do your job, you have a disability. Accidents account for 10% of disability.
Injuries, if it’s not causing mobility problems is not an issue with most burial insurance companies, and you will likely still qualify for immediate coverage.
Chronic pain such as knee or back pain can cause disability. If this is your case, you can be eligible for immediate coverage. However, insurance providers will look into the types of medications you take to treat your pain. Most medications do not have a significant effect on your life insurance eligibility.
If you are taking prescription medications like Hydrocodone, Vicodin, Tramadol or Percocet, many insurance companies will not charge a higher premium because of these medications.
Anti-inflammatory and non-narcotic over the counter pain relievers have less severe side effects which will make it easier to qualify for immediate coverage.
Chronic pain is absolutely a non-issue with burial insurance companies. It will only pose a problem if chronic pain caused you to need home health care or if you need help with activities of daily living.
Heart disease including many different heart conditions such as heart attack, arrhythmias, and atrial fibrillation can cause disability. Majority of heart diseases are not an issue with most burial insurance companies.
Although, some heart disease issues like congestive heart failure are more challenging than others. But, whatever your condition, we can get you an affordable burial insurance plan.
Diabetes and its complications can cause disability, but most final expense insurance companies will accept you. Even if you have diabetic complications like neuropathy, retinopathy or nephropathy, it will not affect your insurance eligibility. You can still secure level death benefit coverage regardless of diabetes and its complications.
Stroke is another common cause of disability. Stroke can cause temporary or permanent damage to the brain and affects mental, physical, and emotional functioning. Almost 75% of stroke survivors were significantly affected by their stroke.
People who had a stroke often have limited functional mobility in one half of their body. Depending on the severity, the survivor may need home health care because they need assistance in performing daily living activities. If this is your case, you will only qualify for guaranteed issue burial insurance for coverage.
Most types of cancer can cause disability. This condition can make qualifying for life insurance a challenge. Regardless of what type of cancer you have and when you have it, you can still qualify for coverage.
Most companies don’t even care if you have had cancer if it was more than 2 years ago. If your cancer was within the last 2 years, you will only have to pay more premiums and have a waiting period on your policy.
Nervous System Disorders
Multiple sclerosis, Parkinson’s, ALS, Alzheimer’s, epilepsy, and other conditions that affect the nerves and brain are leading causes of disability in adults. Nervous system disorders affect people for the rest of their lives.
If you have any of these conditions, you can still qualify for life insurance coverage. However, severe cases that may cause the patient to require home health care or need help with activities of daily living will need to apply for a guaranteed issue whole life insurance to obtain insurance coverage.
Mental Health Conditions
Different mental health condition such as depression, anxiety, bipolar disorder, schizophrenia or post-traumatic stress disorder can cause disability.
If you have a mental health condition that caused you to have a disability, many life insurance companies will still accept your application. However, you need to be prepared to pay higher premiums and have a waiting period.
INFORMATION WE NEED IF YOU ARE DISABLED
Before you apply for burial insurance, it’s important that you understand all the questions a life insurance underwriter may ask.
Here are some of the questions we’ll ask you before you apply for burial insurance:
- How long have you been disabled?
- What is the cause of your disability?
- What symptoms are you currently suffering as a result of your disability?
- Are you receiving disability benefits?
- How long do you anticipate receiving disability benefits?
- Do you have other health problems?
- What medical conditions do you have?
- Are you currently working?
- Are you confined in bed or a wheelchair?
- Do you need assistance in doing activities of daily living such as eating, bathing, transferring and continence?
- Do you need home health care or are you in a nursing facility?
Your answers will help us determine which burial insurance company would be the best fit for your needs and will offer the best rates.
UNDERWRITING BURIAL INSURANCE FOR DISABLED PERSONS
Underwriting is the process used by the life insurance companies to determine your level of risk. They want to see your overall health and the cause of your disability. If your disability doesn’t increase the likelihood of dying early, they will approve your application.
Regardless of the reason for your disability, one thing is sure, the life insurance application process for disabled will be little complicated compared with people who don’t have a disability.
The insurance companies will assess each applicant individually. If you have a minor form of disability, but you are generally healthy, you may be able to qualify for level death benefit with immediate coverage. How the life insurance companies will look at your disability will all come down to your overall health.
For example, you lost a limb, but you have been fitted with a prosthetic leg, and you are now fully functional and able to walk. The insurance company will approve your application regardless of your disability. On the other hand, if you lost a leg due to diabetic amputation, you may find it a little difficult to get immediate coverage, and you will have a waiting period.
To get the lowest premium and immediate coverage, you need to apply for burial insurance that has underwriting. Having underwriting means you need to answer a few health questions.
HOW CAN PEOPLE RECEIVING SOCIAL SECURITY DISABILITY INSURANCE (SSDI) GET BURIAL INSURANCE?
Receiving social security disability income means you are receiving benefits because you have a long-term and debilitating disability that affects your everyday life. Since you are not working, most traditional life insurance companies offering traditional insurance will flat out decline your application for coverage.
However, this is not the case with burial insurance. There are selected insurance companies that will approve people receiving SSDI for burial insurance. If the cause of your disability is not life threatening and you are generally healthy, you will be approved for burial insurance.
Even if your disability causes you to have mobility problems and you need help with activities of daily living you will still qualify for burial insurance.
Veterans with Disability
Many disabled veterans that collect VA disability benefits still have a job or a business. If you’re a disabled veteran that doesn’t receive social security disability income, you have a better chance of getting approved for burial insurance. Most of the time you can expect to pay the same premium as people who are not on disability.
Being disabled is a non-issue with most burial insurance companies. They will not care about your disability or if you are receiving disability income. We work with companies that don’t ask if you are working, retired or disabled.
POLICY OPTIONS IF YOU’RE DISABLED
LEVEL DEATH BENEFIT
If the cause of your disability does not decrease your life expectancy, you will easily qualify for level death benefit with immediate coverage from day one.
A level death benefit has simplified underwriting. You are not required to take a medical exam, but you need to answer some health questions. Your answer to the health questions will determine if you will qualify and how much you will pay.
The best feature of a level death benefit is 100% coverage from day one. You will be instantly covered, and your beneficiary will receive full death benefit when you pass away for any reason.
GUARANTEED ISSUE BURIAL INSURANCE FOR DISABLED PERSONS
If your disability is caused by a severe medical condition that is life-threatening, your only option for insurance coverage is a guaranteed acceptance whole life insurance. You will qualify for this plan regardless of the cause of your disability. You don’t need a medical exam or answer any health questions to be eligible for coverage.
With guaranteed issue burial insurance, it’s OK if you have a mild or severe disability as a disability is a non-issue with burial insurance companies. While a GI policy will cost a bit more than the level death benefit, you don’t have to worry about the possibility of being denied coverage due to your medical condition.
Disabled individuals can easily get guaranteed issue whole life policy. The minimum age requirement is 50 to 85 years old. If you’re a U.S. citizen and you qualify on the age requirement, and the policy is available in your state, you will qualify for this policy.
Guaranteed issue burial insurance is graded for the first two years of the policy for natural causes of death. The policy will only pay the full death benefit if you die from an accident during the two-year waiting period.
If you die from illness during the waiting period the insurance company will only pay your beneficiary with all the premiums you paid plus 10% interest. After the two-year waiting period, you are fully covered, and your beneficiary will receive the 100% death benefit if you die for any reason.
HOW CAN FUNERAL FUNDS HELP ME?
Trying to find a policy when you are disabled 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 disability, 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 for 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 disabled funeral insurance, or disabled burial insurance, or disabled 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 quote.