Burial Insurance with Heart Failure

Burial-Insurance-with-Heart-Failure

Qualifying for burial insurance with heart failure is possible, and it can be affordable than you think.

The key to getting the best burial insurance plan with heart failure is knowing which final expense insurance carrier looks at your health most favorably.

This article will cover how to qualify for the best burial insurance with heart failure and what to expect if you have this condition.

FOR EASIER NAVIGATION:


WHAT IS MY BEST INSURANCE OPTION IF I HAVE A HISTORY OF HEART FAILURE?


HEART FAILURE MORE THAN 24 MONTHS AGO

If your heart failure occurred more than 24 months ago, you will qualify for first-day coverage with most insurance companies.

The only exceptions are Congestive Heart Failure and Heart disease. These health issues will qualify for a first-day benefit plan.

Best Option: Level death benefit plan with first-day coverage


HEART FAILURE WITHIN THE LAST 24 MONTHS

If you have been diagnosed, received treatment, or are advised to receive treatment and medication for heart failure within the last 24 months, your best burial insurance option is a first-day benefit plan.

You will be covered from the first day, and your death benefit will be phased in over time.

Best Option: First-day benefit 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 HEART FAILURE, 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 heart failure.

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 HEART FAILURE

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

Every burial insurance company with underwriting (health questions) will ask about heart failure in different ways.

You will commonly see heart failure asked this way:

  • Have you been treated for or diagnosed or has been hospitalized for stroke, heart attack, heart failure, or cardiomyopathy; heart or circulatory surgery?
  • Have you ever been diagnosed with, or received or been advised to receive treatment or medication for congestive heart failure, or any type of heart or circulatory surgery?
  • Within the past 24 months have you been medically diagnosed as having or been treated or hospitalized for heart attack, heart disease, circulatory surgery, or any procedure to improve circulation to the heart?

All companies that have underwriting will ask about heart failure on their application. Most of them will also red flag certain medications that would indicate that you have heart failure.


PRESCRIPTION HISTORY CHECK

Burial insurance companies will do a prescription history check to see medications for heart failure. They will be able to verify your heart problems based on your medications.

Heart failure medication can include:

  • Apresoline
  • Bisoprolol
  • Bumetadine
  • Captopril
  • Carvedilol
  • Digoxin
  • Edecrin
  • Eplerenone
  • Hydralazine
  • Furosemide
  • Imdur
  • Isordil
  • Lisinopril
  • Losartan
  • Metolazone
  • Metoprolol
  • Nitrobid
  • Sacubitril
  • Spironolactone
  • Torsemide

If you are taking a combination of these drugs, the insurance companies may consider you a heart failure patient.


WHY DO INSURANCE COMPANIES CARE IF YOU HAD HEART FAILURE

Most life insurance companies care about heart failure because heart failure is often chronic, and the symptoms worsen over time.

Surgeries and medications can help relieve the symptoms, but these treatments may not help if you have a severe case of heart failure. In some cases, heart failure can be life-threatening.

Causes of Heart Failure

Life insurance companies are worried because heart failure is often related to other diseases or illnesses.

Coronary artery disease or CAD is the most common cause of heart failure.

Other health conditions that may cause heart failure include:


Complications of Heart Failure

Heart failure, if left untreated, can lead to congestive heart failure. This is a condition in which fluids accumulate in other areas of the body. It is a potentially life-threatening condition.

Heart failure may also result in heart attacks, organ failure, or brain damage.


HOW MUCH INSURANCE DO I NEED IF I HAVE HEART FAILURE?

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


HEART FAILURE 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 HEART FAILURE

When applying for burial insurance coverage with heart failure, you must provide us as much information as possible.

Your health information will help us understand your current health and will help us to give you an accurate quote.

Here are some of the questions we will ask you about your heart failure:

  1. When were you diagnosed with heart failure?
  2. What health issue may have caused your heart failure?
  3. Do you have high blood pressure?
  4. Do you have a high cholesterol level?
  5. What are the medicines prescribed to treat your condition?
  6. What test have you had recently regarding your heart failure?
  7. Do you have treatments for your heart failure?

Be sure to answer each question truthfully and give any other details you think are essential. The more information you provide to us, the better your chances of finding affordable coverage.


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 HEART FAILURE

All of these examples are appropriate uses for Final Expense Life Insurance:

  • Burial insurance plan with heart failure
  • Cremation insurance plan with heart failure
  • Funeral home insurance plan with heart failure
  • Final Expense insurance plan with heart failure
  • Prepaid funeral plan insurance with heart failure
  • Mortgage payment protection plan with heart failure
  • Mortgage payoff life insurance plan with heart failure
  • Deceased spouse’s income replacement plan with heart failure
  • Legacy insurance gift plan to family or loved ones with heart failure
  • Medical or doctor bill life insurance plan with heart failure

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?

Trying to find a policy with heart failure needn’t be a frustrating process; working with an independent agency like Funeral Funds will make the process easier and quicker.

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 searching for multiple insurance companies anymore because we will do the dirty work for you.

We work with many A+ rated insurance carriers that specialized in covering high-risk clients like you. We will search all those companies and match you 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 heart failure funeral insurance, heart failure burial insurance, or heart failure 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.

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