Many people believe that burial insurance with Down syndrome is impossible. But, they are wrong. Final expense insurance for people with Down syndrome does exist. Life insurance companies are willing to offer coverage to people with Down syndrome.
With burial insurance with Down syndrome, the insurance companies will never require you to take a personal evaluation or medical exam.
They won’t request a copy of your medical records. The only thing you need to do is have the mental capacity to understand and sign the application for coverage.
If you’ve been denied coverage in the past because of Down syndrome, you’ve come to the right place. On this article, we will discuss how life insurance companies respond to applicants with Down syndrome, what option is open for you, and how to find the most affordable plan.
CAN YOU QUALIFY FOR LIFE INSURANCE IF YOU HAVE DOWN SYNDROME?
YES! Having Down syndrome (DS) does not prevent you from purchasing quality life insurance.
If you or a loved one who has Down syndrome has been told in the past that you won’t be able to get life insurance, don’t believe them. Life insurance is now available to people with Down syndrome, and it is not difficult to qualify for coverage.
You can surely get a policy. However, you should be aware that anyone with Down syndrome cannot qualify for a final expense insurance plan with any company that pays death benefit during the first two years.
You will be approved for coverage, but you will have to wait two years before you will be covered for a natural cause of death. If you were to die during the waiting period, the company would refund all the premiums you paid plus interest.
If you or a loved one have Down syndrome, let us help you get approved with a plan that works with DS applicant. Even if you’ve been rejected for coverage in the past, we can help you to get affordable burial insurance.
WHY DO INSURANCE COMPANIES CARE IF YOU HAVE DOWN SYNDROME?
Life insurance companies know that Down syndrome is a chromosomal genetic disorder that causes lifelong intellectual disability and development delays.
Down syndrome is the most prevalent genetic condition today with one in every 691 babies in the U.S. affected by it. People with Down syndrome can have different health complications, some of which will become prominent as they get older.
These health complications can include:
- Congenital heart defects
- Gastrointestinal defects
- Immune system disorders
- Sleep apnea
- Poor vision
- Hearing loss
- Alzheimer’s disease
People with Down syndrome can develop these health complications as well as have a life expectancy that is shorter than the average person. The average life expectancy of a person with Down syndrome is 60 years old, according to the National Association for Down Syndrome.
That is the reason why people with Down syndrome have a hard time qualifying for life insurance coverage. Life insurance companies look at the health and life expectancy of the applicant. The longer the life expectancy, the better the risk, and the higher the likelihood of the life insurance company accepting the applicant for coverage.
People with Down syndrome generally have a shorter lifespan that is why no life insurance company will offer immediate coverage. When it comes to life insurance, they can get a new policy, but it will have a waiting period.
WHAT INFORMATION DO WE NEED IF YOU HAVE DOWN SYNDROME
We will need more information about other medical conditions if you have Down syndrome. This information will help us to understand your current health condition better and enable us to provide you with an accurate quote.
- Do you suffer from depression and anxiety?
- Do you have other medical conditions?
- Are you taking any medications?
- Do you live on your own?
- Do you need help with activities of daily living such as eating, bathing, dressing, transferring and continence?
- Are you currently working now?
- Are you currently receiving disability benefits?
- Do you have somebody to handle your finances?
Try to give an honest response to the questions. We will analyze your information to determine what insurance company is best for you.
FACTORS THAT AFFECT INSURANCE ELIGIBILITY
DOWN SYNDROME AND MEDICATION
The medication you use to treat your medical condition will have a direct impact on your level of insurability. Medication used to treat other underlying conditions such as heart disease, gastrointestinal problems, anxiety, and depression.
The insurance company will want to know:
- What medications you are taking
- Your amount of dosage
- How long you have been taking the medication
Additionally, inform them if you are taking drugs to treat other health issues that are not related to Down syndrome or mental health issues. These medications will also be considered during the underwriting process.
DOWN SYNDROME, DEPRESSION, AND ANXIETY
Depression and anxiety are two of the most frequently diagnosed mental health issues of people with Down syndrome. Adults often show symptoms of depression and lose the ability to enjoy many activities they used to love.
People with Down syndrome may also suffer from anxiety like obsessive worrying, social phobias, and separation anxiety when they are separated from a loved one. Their anxiety can be mild to severe, and often times difficult to control.
Most adults with Down syndrome who suffer from depression and anxiety may be taking more than one medication and receiving treatment from a psychiatrist. These conditions can co-occur with other severe medical conditions such as heart disease, celiac, and diabetes.
It’s entirely possible for a person with depression and anxiety to experience temporary hospitalization. If you have been hospitalized due to major depression, it will affect your burial insurance eligibility. In the case of severe or clinical depression with a disability, you are looking at guaranteed issue burial insurance.
ACTIVITIES OF DAILY LIVING
Every final expense insurance company will ask if you need help with activities of daily living in their life insurance application. There are six ADL’s used by life insurance companies to determine if you will qualify for coverage.
Most people with Downs syndrome need help with ADL’s, which means a guaranteed issue life insurance policy will be the best choice.
POLICY OPTIONS IF YOU HAVE DOWN SYNDROME
Limitations on functionality and mobility have an impact on your eligibility for life insurance coverage. Insurance companies will consider physical or mental impairment you may have. An applicant must have the mental and cognitive ability to understand policy details in order to be approved for a policy. Beyond these things, they will also review your overall health before making a decision.
People with Down syndrome may have additional health issues like congenital heart disease as well as a life expectancy that is shorter than the average person. That is the reason why your life insurance option is limited to a guaranteed issue burial insurance.
OUR RECOMMENDATION: GUARANTEED ISSUE BURIAL INSURANCE
There is no physical or medical exam required for this type of policy, and because of that, the policy can be issued much quicker because there is no underwriting delay. That means you can have your approval within a few minutes after submitting your application to the insurance company.
If you have Down syndrome here are the requirements to qualify for Guaranteed Issue Burial Insurance:
Every funeral insurance company has their own age availability, but most guaranteed issue life insurance companies accept Down syndrome applicants who are 50 to 85 years old.
Not every burial insurance company have their products licensed in every state. Make sure the company you will apply has guaranteed acceptance life insurance policy available in your state.
ABILITY TO ENTER INTO A LEGAL CONTRACT
You must have financial decision ability and mental capacity to enter into a legal contract. For example, if you have dementia or Alzheimer’s disease and you are not able to legally consent to an agreement, the company may reject your application.
BENEFITS OF GUARANTEED ISSUE LIFE INSURANCE
EASY AND QUICK APPLICATION
Very simple application process. When you apply for guaranteed issue life insurance, you will only need to provide basic personal information, beneficiary and payment information.
The application does not have any health-related questions on it. The company will never check your prescription history, your medical history, or pull your medical records.
You will easily qualify for guaranteed acceptance policy because all you need is the ability to sign your name on the application. You can sign over the phone or through your computer. We will send it to the insurance company, and in a few minutes it will be approved, it’s easy!
One of the great benefits of a guaranteed acceptance policy is that your insurance premium will never change. Your monthly insurance bill will never increase because you locked in the premium at your current age, and it will remain the same for the rest of your life. As long as you keep paying your premiums on the time it will never increase for any reason.
LEVEL DEATH BENEFIT
Your death benefit is fixed, and it is guaranteed to stay the same and never decrease for any reason. Your beneficiaries will receive the full death benefit when you pass away after the two-year waiting period.
Some people complain about their life insurance policy canceling because of advancing age or worsening health condition. Guaranteed issue burial insurance will never cancel because of age or declining health condition, as long as you pay your premiums on time.
CASH VALUE ACCUMULATION
Guaranteed issue life insurance is whole life insurance that accumulates cash value over the years. The accumulated cash value can be used to pay your premiums, or you can borrow against it to be used for any purpose.
If you or your loved one has Down syndrome, guaranteed issue policy is your excellent choice for life insurance coverage. GI policy doesn’t ask any health questions. If you happen to pass away during the first two years, your beneficiary will get all the premiums you paid plus 10% interest.
WHY DO YOU NEED GUARANTEED ISSUE BURIAL INSURANCE IF YOU HAVE DOWN SYNDROME?
We recommend buying guaranteed issue burial insurance if you have Down syndrome because it’s the only life insurance plan you will qualify for.
Postponing your application for coverage is not a wise decision. Your health may get worse at any moment, and you could develop other health conditions such as heart disease or diabetes.
A guaranteed acceptance policy may be a little expensive than plans with immediate coverage, but your approval is guaranteed. Buying a guaranteed issue burial insurance if you have Down syndrome is worth in the long run, you won’t lose money with this plan, and it cost much less than having no insurance coverage at all.
Features that you should AVOID in many commonly advertised Guaranteed Issue burial insurance in TV and magazines:
- Increasing premium – many of these life insurance carriers have an increasing premium every five years. A real guaranteed issue life insurance has a fixed premium for life.
- Policy termination after age 80 – some life insurance policies end when you reach 80 years old. Guaranteed issue burial insurance is a whole life insurance policy that lasts a lifetime.
- 3-year waiting period –The best-guaranteed issue burial insurance has only a two-year waiting period. It is important to work with an independent life insurance agency that will prevent you from being tricked into agreeing to buy a guaranteed issue burial insurance with a 3-year waiting period. Avoid these plans at all cost.
LIFE INSURANCE FOR FAMILY MEMBER WHO HAS DOWN SYNDROME
In most cases, it is often the family members of those with Down syndrome who are looking to get a life insurance policy for their loved one. Often the family members are just looking for a small lump sum to cover funeral and other final expenses.
In this case, choosing from among burial insurance companies, that doesn’t require a medical exam or even ask any health questions, is the best choice. Guaranteed issue final expense insurance with Down syndrome can be taken out by the family for their loved one so that when they pass away; there will be some financial assistance in place.
We know our loved ones will one day pass away that’s why we need to be proactive about the death issue. Some don’t have insurance to cover the funeral cost, or they don’t have adequate funds or investments. It is up for the family member to invest in burial insurance coverage for their loved one. It’s much cheaper to invest in final expense insurance now rather than be burdened with funeral bills later.
Requirements to get burial insurance for a family member with Down syndrome:
You need to prove that there is an insurable interest between your family members who need insurance coverage. Your relationship with the proposed insured is critical in showing that you have an insurable interest. A blood relationship may provide the basis for insurable interest. Insurable interest exists if you will experience financial loss when they die.
You have an insurable interest if you would suffer a financial loss or certain other kinds of loss if your loved one dies. In most cases, you can get life insurance coverage for your loved ones to cover that loss.
The second requirement on getting life insurance for your family member with Down syndrome is consent. Life insurance companies do not allow a family member to get life insurance on one another without their permission.
You can’t secretly apply for final expense insurance on your loved ones, without them knowing about it. They must be aware of the policy because they are required to sign the application.
POWER OF ATTORNEY
If the applicant’s Down syndrome is severe, there may not be enough cognitive ability or basic understanding to enter a legal contract. If the applicant has severe Down syndrome and does not have the capacity to make legal decisions, your options are limited.
HOW CAN FUNERAL FUNDS HELP ME?
Trying to find a policy with Down syndrome 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 Down syndrome, 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 Down syndrome funeral insurance, or Down syndrome burial insurance, or Down syndrome 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.