2023 Burial Insurance with Heart Failure
Qualifying for burial insurance with heart failure is possible, and it can be more 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?
- What Types of Burial Insurance Should I Avoid?
- What Type of Burial Insurance Is Best?
- If I Have Heart Failure, Do I Need a Medical Exam to Qualify for Burial Insurance?
- Burial Insurance Underwriting If You Have Heart Failure
- How Much Insurance Do I Need If I Have Heart Failure?
- How Should I Pay My Premiums?
- Heart Failure and Burial Insurance Riders
- Information We Need if You Have Heart Failure
- Benefits of Burial & Funeral Insurance
- Other Common Uses for Final Expense Life Insurance with Heart Failure
- How Can Funeral Funds Help Me?
- Additional Questions & Answers On Burial Insurance With Heart Failure
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 would 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 AVOID | WHY? |
|---|---|
| Term life | Premiums increase after 5 years. Coverage ends after 80. |
| Pre-paid funeral plans | Expensive |
| Universal life | Tied with stocks |
| No health questions policies | With 2-year waiting period |
| Plans offering "teaser rates" | $9.95 per unit plans or $1 buys $100,000 coverage |
| Over priced plans | Insurance from TV and junk mail |
| Plans that accept mail-in payments | Risky |
| Plans that accept Direct Express | High lapse rate |
| Plans that accept Credit Cards | High lapse rate |
What Type Of Burial Insurance Is Best?
| FUNERAL FUNDS PLAN BENEFITS | INCLUDED |
|---|---|
| 1st Day Coverage | YES |
| Rates NEVER Increase | YES |
| Coverage NEVER Decreases | YES |
| Easy to get approved | YES |
| No Medical Exam | YES |
| Same Day Approval | YES |
| Death Claims Pay Fast | YES |
| Builds cash value | YES |
| 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; 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 differently.
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, 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 check prescription history to see heart failure medications. 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:
- Heart attack
- Cardiomyopathy
- Congenital heart defect
- Heart valve disease
- Arrhythmias
- High blood pressure
- Diabetes
- Emphysema
- Hyperthyroidism or hypothyroidism
- HIV and AIDS
- Severe anemia
- Drug or alcohol abuse
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 services | $2,300 |
| Removal/ transfer of remains to funeral home | $350 |
| Embalming & preparation of the body | $1,050 |
| Use of facilities for viewing & funeral ceremony | $965 |
| Hearse | $325 |
| Service car/van | $150 |
| Basic memorial printed package | $183 |
| Metal casket | $2,500 |
| Vault | $1,572 |
| Median Cost of a Funeral With Viewing and Burial | $9,420 |
| AVERAGE FUNERAL COST WITH VIEWING AND CREMATION | |
|---|---|
| Non-declinable basic services fee | $2,300 |
| Removal/ transfer of remains to funeral home | $350 |
| Embalming & preparation of the body | $1,050 |
| Use of facilities for viewing & funeral ceremony | $965 |
| Service car/van | $150 |
| Basic memorial printed package | $183 |
| Cremation fee (if firm uses a third-party crematory) | $368 |
| Cremation Casket | $1,310 |
| Urn | $295 |
| Median Cost of a Funeral with Viewing and Cremation | $6,970 |
| Rental Casket | $995 |
| Alternate Cremation Container | $150 |
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.
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-ONS | AVAILABILITY |
|---|---|
| Terminal Illness Add-On Benefit | Included with most plans |
| Nursing Home Care Add-On Benefit | Included 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:
- When were you diagnosed with heart failure?
- What health issue may have caused your heart failure?
- Do you have high blood pressure?
- Do you have a high cholesterol level?
- What are the medicines prescribed to treat your condition?
- What test have you had recently regarding your heart failure?
- 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 is 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 if 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?
Finding a policy for heart failure needn’t be frustrating; working with an independent agency like Funeral Funds will make the process easier and quicker.
We will work with you every step 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 specialize 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.
Additional Questions & Answers On Burial Insurance With Heart Failure
Can I get life insurance if I have heart failure?
Yes, you can get life insurance if you have heart failure. Many companies will offer you a first-day coverage plan if your last heart failure occurred two years or longer.
Is heart failure a pre-existing condition?
Yes, heart failure is a pre-existing condition.
What are the chances of my policy being denied if I have heart failure?
The chances of your policy being denied are slim as long as you disclose your condition to the insurance company.
What will my premium be if I have heart failure?
If you have heart failure, your premium will be higher than someone who doesn’t have the condition.
What is the waiting period for coverage if I have heart failure?
The waiting period for coverage if you have heart failure is two years.
Can I get a policy with no medical exam if I have heart failure?
Yes, you can get a policy with no medical exam if you have heart failure.
What is the death benefit if I have heart failure?
The death benefit is the same regardless of whether or not you have heart failure.
What is pre-existing heart condition?
A pre-existing heart condition is a condition you have before applying for life insurance.
If I have a heart condition, can I still get life insurance?
Yes, you can still get life insurance if you have a heart condition. Many companies will offer you a first-day coverage plan if your last heart attack occurred two years or longer.
Is a heart condition a pre-existing condition?
Yes, heart conditions are considered pre-existing conditions.
What are the chances of my policy being denied if I have a heart condition?
The chances of your policy being denied are slim as long as you disclose your condition to the insurance company.
Does heart failure count as heart disease?
Heart failure is a type of heart disease.
What is the difference between heart failure and heart disease?
Heart failure is when the heart can’t pump enough blood to meet the body’s needs. Heart disease is a general term that refers to any problem with the heart.
Can a person with heart failure get burial insurance?
Yes, a person with heart failure can get burial insurance. Many companies will offer you a first-day coverage plan if your last heart failure occurred two years or longer.
Do I need to take a medical exam if I have heart failure?
No, you do not need to take a medical exam if you have heart failure.
Can heart failure be considered a critical illness in life insurance?
No, heart failure is not considered a critical illness in life insurance.
Can you get first-day coverage insurance if you have heart failure?
Yes, you can get first-day coverage insurance if you have heart failure.
Can I get burial insurance after heart failure?
Yes, you can get burial insurance after heart failure.
Do I need to tell insurance about heart failure?
Yes, you need to tell insurance about heart failure.
What is my best insurance option if I have heart failure?
There are many insurance options available if you have heart failure. You should speak with an insurance agent to find your best option.
What are the things that may affect my eligibility if I have heart failure?
If you have heart failure, the time that elapsed since your last heart failure will affect your eligibility to get first-day coverage insurance with no waiting period.
I am a smoker with heart failure. Can I still get life insurance?
Yes, you can still get life insurance if you are a smoker with heart failure. Many companies will offer you a first-day coverage plan if your last heart attack occurred two years or longer.
Can you be denied insurance for heart failure?
Yes, you can be denied insurance for heart failure.
Why would I be denied insurance for heart failure?
If you have heart failure, the life insurance companies will consider you to be a high-risk applicant.
Is heart failure a disability?
No, heart failure is not a disability.
What are the chances of my policy being canceled if I have heart failure?
The chances of your policy being canceled are slim, as long as you disclose your condition to the insurance company.
Can I qualify for cremation insurance with a history of heart failure?
Yes, you can qualify for cremation insurance with a history of heart failure.
Is heart failure fatal in life insurance?
No, heart failure is not fatal in life insurance.
What are the things I need to do to get life insurance if I have heart failure?
If you have heart failure, you must disclose your condition to the life insurance company. You may also need to take a medical exam.
What is the best insurance option for people with heart failure?
There are many insurance options available if you have heart failure. You should speak with our insurance agents to find the best option for you.
How do you get life insurance with heart disease?
You can get life insurance for heart disease by disclosing your condition to the insurance company.
Can heart failure patients get funeral insurance?
Yes, heart failure patients can get funeral insurance.
What is the average cost of life insurance for someone with heart failure?
The average cost of life insurance for someone with heart failure will depend on the life insurance company and the policy you choose.
Can heart failure affect your life insurance rates?
Yes, heart failure will affect your life insurance rates.
Is there an age limit for burial insurance with heart failure?
You can apply for burial insurance if you are 18-85 years old.
How can you get the best life insurance rates with heart failure?
If you have heart failure, you should speak with our insurance agents to find the best life insurance rates for you.
Can heart failure medication affect my premium?
Yes, heart failure medication can affect your premium.
