2024 Burial Insurance If You Need Help with Transferring [Activities of Daily Living]
last updated on July 22, 2024Burial insurance if you need help with transferring or any activities of daily living (eating, bathing, dressing, toileting, and continence) is possible. However, your options are very limited.
!!! READ THIS FIRST !!!
If you need help with transferring or any ADLs, the only plan you will qualify for is a guaranteed issue burial insurance with a 2-year waiting.
You WILL NOT qualify for 1st-day coverage if you need help with ADLs.
Here’s a detailed guide on what you need to expect when applying for burial insurance if you need help with transferring and other ADLs. We will cover everything you need to know about ADLs and how you can find the best burial and final expense insurance policy.
FOR EASIER NAVIGATION:
- What Is My Best Insurance Option If I Need Help with Transferring?
- Why Do You Need Guaranteed Issue Burial Insurance If You Need Help With Transferring?
- What Types of Burial Insurance Should I Avoid?
- What Type of Burial Insurance Is Best?
- If I Need Help with Transferring, Do I Need a Medical Exam to Qualify for Burial Insurance?
- Burial Insurance Underwriting If You Need Help with Transferring
- How Much Insurance Do I Need If I Need Help with Transferring?
- How Should I Pay My Premiums?
- Needing Help with Transferring and Burial Insurance Riders
- Information We Need if You Need Help with Transferring
- Benefits of Guaranteed Issue Burial Insurance
- The Best Guaranteed Issue Life Insurance Policy
- Other Common Uses for Final Expense Life Insurance If You Need Help with Transferring
- How Can Funeral Funds Help Me?
What Is My Best Insurance Option If I Need Help With Transferring?
Activities of Daily Living (ADL) such as eating, bathing, dressing, toileting, continence, and transferring are the basic tasks required for self-care and independent living. When people cannot do these activities independently, they need help from other people or mechanical devices to cope.
Life insurance companies define transferring as the ability to transfer oneself from different surfaces (bed, chair or wheelchair, toilet) without assistance, such as:
- Sitting, rising, and moving from couch, chair, or bed
- Getting in and out of a vehicle
- Changing position from sitting to standing and repositioning yourself to promote blood circulation and prevent skin soreness.
If you need help transferring, your best option is to buy a guaranteed issue burial insurance policy. You will qualify for this plan regardless of your transferring problem or needing help with activities of daily living.
Best Option: Guaranteed issue burial insurance
WHAT IS GUARANTEED ISSUE LIFE INSURANCE
This coverage has a death limitation for a natural cause of death during the first two years of the policy. The company will pay a full death benefit only if you die from an accident during the two-year waiting period.
If you die from illness, the insurance company will return all your premiums to your beneficiaries plus 10% interest. After the two-year waiting period, you are fully protected for life. At this point, the insurance company will pay the full death benefit to your beneficiaries if you die for any reason.
While it cost a bit more than insurance policies with underwriting, you will not have to worry about the possibility of being denied coverage because of your inability to dress on your own or perform any of the activities of daily living.
Why Do You Need Guaranteed Issue Burial Insurance If You Need Help With Transferring?
We recommend buying guaranteed issue burial insurance if you need help with transferring and other ADLs because it’s the only life insurance plan you will qualify for because of your condition. If you are relatively healthy and only need help with transferring, almost all people easily outlive the two-year waiting period.
Buying a policy now and avoiding postponing your application for coverage is not wise as your health may get worse at any moment.
Buying a guaranteed issue burial insurance if you need help with transferring is a great investment you can make. You won’t lose money with this plan because your premiums will be returned plus interest if you die during the waiting period.
REQUIREMENTS TO QUALIFY FOR GUARANTEED ISSUE BURIAL INSURANCE
AGE REQUIREMENT
Every final expense company has its own age availability, but most guaranteed acceptance burial insurance companies accept 50 to 85 years old applicants.
STATE AVAILABILITY
Not every insurance company has its products licensed and available in every state. Make sure the company has a guaranteed acceptance life insurance policy available in your state before applying.
ABILITY TO ENTER A LEGAL CONTRACT
You must possess a mental capacity to enter into a legal contract. For example, the company may reject your application if you have severe cognitive impairment and cannot legally consent to an agreement.
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 Need Help With Transferring, 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 if you need help transferring.
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 Need Help With Transferring
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 medical underwriting (health questions) will ask about transferring and your ability to complete activities of daily living in their life insurance application.
You will always find burial insurance companies ask about transferring and ADLs in the following way (or something very close to this):
- Do you currently need assistance with transferring, bathing, eating, toileting, dressing, or are you bedridden?
- Are you currently receiving home health care services, or require help with activities of daily living such as transferring, eating, bathing, dressing, and continence?
- Do you currently use a wheelchair due to a chronic illness or disease?
- Do you currently receive home health care, or in the last two years, have you received home health care more than three times?
- Are you scheduled for admission or currently confined to a nursing facility or assisted living facility?
Other applications won’t directly ask you if you have a problem with transferring, but the other questions will answer it for you. For example, if you need assistance with transferring, you will likely receive home health care services and live in an assisted living or nursing home facility.
If you answer “yes” to these questions, your application will automatically decline for first-day coverage insurance. However, you have another option for coverage called guaranteed issue burial insurance for seniors with no health questions.
HOW DOES NEEDING HELP WITH TRANSFERRING AFFECT LIFE INSURANCE?
Transferring is an important self-care activity that you must do on your own. Measurement of ADLs is essential to life insurance because they are significant predictors of long-term care.
Although people of all ages may have trouble performing ADLs, it is more prevalent in the elderly and those with an illness that affects mobility.
Needing help from another person for transferring will significantly affect your ability to qualify for the best-priced insurance coverage because the inability to transfer to different surfaces independently is a sign of other health problems such as:
- Alzheimer’s disease
- Amyotrophic lateral sclerosis (ALS)
- Arthritis
- Cerebral palsy
- Cystic Fibrosis
- Dementia
- Heart attack
- Multiple Sclerosis
- Muscular dystrophy
- Paralysis
- Parkinson’s disease
- Spina bifida
- Stroke
Any of these medical conditions can cause you to be unable to transfer independently. The inability to perform transferring indicates the severity of these illnesses that may cause accidents and premature death.
Applicants needing help with transferring and other activities of daily living are considered high-risk applicants. Therefore, they will need to pay more premiums and have a short waiting period.
How Much Insurance Do I Need If I Need Help With Transferring?
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.
Needing Help With Transferring 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 others 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 Need Help With Transferring
When applying for burial insurance with a problem with transferring, it’s important to provide us as much information as possible. This will help us understand your health better and provide you with an accurate quote.
Here are some of the questions we may ask you to help determine the best plan suited for your needs.
- Do you need help with transferring, eating, bathing, dressing, toileting, or continence?
- Are you currently confined, or ever been confined to a wheelchair?
- Are you currently bedridden?
- Have you ever required home health care services?
- Are you in a nursing or assisted living facility?
- What other medical conditions do you have?
- What medications do you take?
We will ask these questions to assess your current health and burial insurance eligibility. It is important to be honest when answering these questions.
Benefits Of Guaranteed Issue Burial Insurance
- Easy to qualify. You are not required to take physicals or a medical exam and answer health questions. You are guaranteed to be approved regardless of your health issues.
- Level premium. Your monthly premium is fixed for life. It will never increase because of your advancing age or worsening health condition.
- Your death benefit will never decrease. Your beneficiaries will receive the 100% face amount on your policy when you pass away after the waiting period.
- Your policy will never expire when you reach 80 years old. Guaranteed acceptance life insurance is whole life insurance that will last your lifetime (all the way up to 121 years old). Your policy will never expire as long as you keep paying the premiums.
- Tax-free. Your death benefit will be paid to your beneficiary when you pass away free of tax. They will not owe any income tax on the death benefit.
- Not cancellable. Your policy can never be canceled by the life insurance company as long as premium payments are made on time.
- Cash value accumulation. Guaranteed acceptance life insurance is whole life insurance that accumulates cash value over the years. You can withdraw or borrow against it.
The Best Guaranteed Issue Life Insurance Policy
The best-guaranteed-issue life insurance policy will not have you wait more than two years to take effect. Some plans have three or even four-year waiting periods. 3-4 year waiting period plans are terrible, and you should avoid these plans.
Two years is the shortest period possible before you are fully covered. You don’t have to wait for more than that.
If you need help with toileting, then GI policy is your best choice. Your application will be quick and easy because there are no medical exams or health questions. You may even be approved for coverage in 15 minutes!
Other Common Uses For Final Expense Life Insurance If You Need Help With Transferring
All of these examples are appropriate uses for Final Expense Life Insurance:
- Burial insurance plan if you need help with transferring
- Cremation insurance plan if you need help with transferring
- Funeral home insurance plan if you need help with transferring
- Final Expense insurance plan if you need help with transferring
- Prepaid funeral plan insurance if you need help with transferring
- Mortgage payment protection plan if you need help with transferring
- Mortgage payoff life insurance plan if you need help with transferring
- Deceased spouse’s income replacement plan if you need help with transferring
- Legacy insurance gift plan to family or loved ones if you need help with transferring
- Medical or doctor bill life insurance plan if you need help with transferring
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 when you need help with transferring 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 best type of life insurance for seniors that fits their 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 for 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 help with transferring funeral insurance, or need help transferring burial insurance, or need help with transferring final expense 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.
