Every once in a while we’ll get a phone call inquiring about burial insurance with Huntington’s disease. They are asking us whether they will be able to arrange burial insurance if they have a family history of Huntington’s disease. Most of them are saying they have applied with someone before but they were either declined or the premiums were unaffordable.
If you’ve been diagnosed with Huntington disease, your medical diagnosis can impact your ability to qualify for traditional life insurance because you represent an increased health risk to the insurance carrier.
You can get a policy when you have Huntington’s disease, but what you must know is that no life insurance carrier will offer you coverage that protects you during the first 24 months (some plans will cover accidental death). Having Huntington’s disease result in a 24-month wait before the company will pay out a medically related cause of death benefit.
Please be cautious about what you see online that will lead you to believe you can qualify for immediate coverage. We know you will research multiple websites before you decide. A lot of what you read online about final expense with Huntington disease is flat wrong. Inexperienced or unscrupulous agents will often “forget” to tell you that the plan they “sold” you has a 2-year wait.
We will give you the whole truth, and nothing but the truth!
Some Huntington’s disease patients live longer while others have quickly shortened lives. This is the main reason why most burial insurance companies will only write guaranteed issue life insurance policies for people diagnosed with Huntington’s disease.
Guaranteed issue life insurance policies have a 24 month waiting period and you will have to wait 24 months before your plan will pay out the full death benefit. If you pass during the first two years, the insurance company will refund all your premium plus interest (we use insurance companies that will also payout if you die as a result of an accident). There is no way you will lose money with this plan.
If you or a family member has been diagnosed with Huntington’s disease and would like more information about burial insurance, the best thing to do is contact us at Funeral Funds. Over the years, we have successfully assisted many clients with Huntington’s disease to obtain burial insurance. We have dealt with almost every health issue imaginable and we can help you get qualified for the best plan.
FOR EASIER NAVIGATION:
WHY DO INSURANCE COMPANIES CARE ABOUT HUNTINGTON’S DISEASE?
The reason life insurance companies hesitate to offer life insurance coverage for someone with Huntington’s disease is that they have a higher chance of dying prematurely.
Huntington’s disease is a progressive disease that over time causes degradation to brain cells. It is a hereditary condition that tends to onset between the ages of 30 to 50. It results in a progressive loss of control of movement and mental ability and changes in personality.
The symptoms of Huntington’s disease include:
- Personality changes, depression, and mood swings
- Forgetfulness and impaired judgment
- Chorea or involuntary movements
- Slurred speech, difficulty in eating and swallowing
- Significant weight loss
Symptoms gradually get worse, sometimes over a period of up to 20 years, until it causes death.
There is no cure for Huntington’s disease, but there are ways to help manage the symptoms. Tetrabenazine and Deutetrabenazine will be prescribed to reduce chorea or involuntary movements, and antidepressant drugs to alleviate depression. Mood stabilizers and antipsychotic drugs can be given to help with some of the emotional disturbances.
Huntington’s disease affects the whole body. Over time the symptoms associated with the disease will overpower your body. This makes qualifying for a traditional term or whole life insurance policies impossible.
The life expectancy of people with Huntington’s disease is generally around 20 years after the onset of visible symptoms. Most life-threatening complications arise from muscle coordination, and behavioral changes brought about the declining cognitive function.
Huntington’s disease is not fatal by itself, but patients have a shorter life expectancy and die from other life-threatening complications related to this disease. Heart disease and pneumonia are the two leading causes of death for people with this condition.
All of these problems are considered by the insurance companies as they consider your burial insurance plan.
ACTIVITIES OF DAILY LIVING
The effect of Huntington’s disease may make you less able to work at your usual level and less functional in your regular activities at home.
As Huntington’s disease progresses, the ability to care for oneself declines, and caregiving becomes increasingly necessary. As your disease progresses, you may need help from anyone with your activities of daily living. ADL include eating, bathing, dressing, toileting, and taking medication. ADL will have a massive impact on the underwriting process.
Every single life insurance company will ask if you need help with activities of daily living.
Most companies also ask if you have Huntington’s disease. If you do, they will only offer you a guaranteed issue life insurance which does cost a bit more and only pays out limited benefits during the first two years.
Every final expense life insurance companies will flat out decline anyone who needs help with their activities of daily living.
THE TRUTH ABOUT BURIAL INSURANCE WITH HUNTINGTON’S DISEASE
Aside from purchasing a guaranteed issue life insurance policy, no burial insurance carrier offers a plan with underwriting that will accept someone with Huntington’s disease.
Let’s be clear – your only way to securing coverage is to take out a guaranteed issue life insurance plan.
These plans come with certain graded death benefit clause which imposes a 24-month waiting period for death from natural causes. The great news is you can still get coverage, and it won’t cost an exorbitant amount.
Here’s something that’s really great.
At no point will you ever need to take a physical or medical exam. You are also not required to provide doctor records. The application process is easy you will only need to be answering some basic questions.
Having Huntington’s disease certainly narrows your funeral and burial insurance options. Thankfully guaranteed issue life insurance takes in clients regardless of their medical condition. Now you can obtain the peace of mind knowing your funeral and burial expenses won’t become a burden to your family when you pass away.
UNDERWRITING BURIAL INSURANCE WITH HUNTINGTON’S DISEASE
When you have Huntington disease, you cannot qualify for any form of non-medical life insurance application that asks about your health history, asks health-related questions, or performs a prescription history check.
If you say yes to their questions about Huntington’s disease, they would outright decline your application. Similarly, if they find you have taken prescriptions for Huntington’s disease, they will decline your application even if you declare that you do not have Huntington’s disease.
Tetrabenazine is the only drug approved by the U.S. Food and Drug Administration to treat Huntington’s disease and this drug is flagged for Huntington’s disease. If you have taken this drug, you will not qualify for any life insurance plan that has underwriting.
Even if you say no to the question that asks about Huntington’s disease. The presence of Tetrabenazine in your prescription history will override your no answer.
The insurance companies may react in two ways if you have Huntington’s disease:
#1 – They will decline your application
Every life insurance company will flat out decline your application due to Huntington’s disease. For them, you are a high risk they don’t want to deal with. If you’ve been declined in the past, don’t worry there are final expense companies that will take you. Our agents at Funeral Funds will help you get affordable coverage!
#2 – They will offer you a plan with a higher premium and a two-year waiting period
If you have Huntington’s disease, the burial insurance carriers will offer you a guaranteed issue policy that comes with a 24-month waiting period and a slightly higher premium. If you pass away during the first two years of the policy, the final expense company will only refund your premiums plus 10% interest.
We also have companies that will pay out a death benefit if you die of an accident in the first 24 months.
YOUR POLICY OPTION WHEN YOU HAVE HUNTINGTON’S DISEASE
Getting approved for final expense insurance with Huntington’s disease may seem impossible because it’s a severe medical condition. But it is possible to purchase final expense, cremation insurance, funeral insurance and burial insurance with Huntington’s disease.
You can get coverage even after having been diagnosed with Huntington’s disease. However, you cannot qualify for a traditional burial insurance plan with any carrier that pays death benefit during the first two years of the policy.
Huntington’s disease is a severe medical condition that may result in a significantly reduced life expectancy. That is the reason why the final expense insurance company will not offer you the coverage that protects you during the first two years.
Most of Huntington’s disease patients have shortened lives. That’s why most final expense companies will only write guaranteed issue life insurance policies for people diagnosed with this condition.
Guaranteed issue life insurance policies have a 24-month waiting period. You will have to wait 24 months before your plan will pay out the full death benefit. If you pass during the waiting period, the insurance company will refund all your premiums plus interest plus pay your benefit if you die from an accident.
GUARANTEED ISSUE LIFE INSURANCE
People with Huntington’s disease can qualify for a guaranteed issue life insurance policy.
You will not be rejected because of your medical condition because they will never even ask about it. You can be approved even if you have a neurological disorder like muscular dystrophy, Parkinson’s Disease, ALS, epilepsy, fibromyalgia, and Alzheimer’s disease.
Guaranteed issue policies don’t ask you about your medical history or current health. They will automatically approve your application, and the policy will take effect within a day.
You can qualify for guaranteed final expense insurance policy if you are between the age of 40 and 85. You are a U.S citizen, and you live in a state where guaranteed issue policies are sold.
BENEFITS OF GUARANTEED ISSUE LIFE INSURANCE
- Ease of issue – Qualifying for a guaranteed issue policy is effortless. You are not required to take a medical exam or answer health-related questions. You will be approved regardless of your medical condition as long as you meet the age requirements and the policy is available in the state where you live.
- Monthly premium will never increase – Your monthly insurance bill is fixed and the rate will never go up. Your rate is calculated at your current age, and it is guaranteed to stay that way regardless of your advancing age or worsening medical condition.
- The death benefit will never decrease – Your death benefit is fixed and guaranteed never to decrease. Your beneficiary will receive the amount of your policy when you pass away.
- Your policy will never expire – A guaranteed issue is whole life insurance that will last your whole life. The policy will never expire as long as you pay the monthly premiums on time.
- The death benefit is tax-free – Your beneficiary will receive your death benefit free of tax when you pass away.
- You can choose a minimal amount of coverage – You can purchase a small face amount depending on your need. The death benefit you can choose from range from $5,000 to $25,000.
- Cash value accumulation – Guaranteed issue life insurance is whole life insurance that accumulates a cash value that you can withdraw or borrow against.
- Your policy is not cancelable – Your policy cannot be canceled by the life insurance carrier as long as you pay your premium on time.
The Drawbacks of Guaranteed Issue Life Insurance
White guaranteed issue final expense life insurance no exam is great particularly for those with Huntington disease; they do come with some disadvantages that you need to be fully aware of before considering to purchase the policy.
#1. Graded Death Benefits
Guaranteed issue life insurance has a graded death benefit clause that limits the time when you begin coverage for natural causes of death. It is a waiting period where you need to remain alive for at least two years after you purchase your policy prior to it covering a natural or death as a consequence of Huntington disease or other illnesses.
If you die during the waiting period, your beneficiary will only receive the return of premium plus some interest which is typically 10%. Once the two years had passed, even if it’s a day after, your beneficiary would receive the full death benefit.
Guaranteed issue life insurance will pay the death benefit in full if you die from an accident during the waiting period. Accidental deaths include motor vehicle accidents, slip and fall, and natural disasters. Accidental death would be immediately covered and not subjected to the waiting period.
#2. Smaller Coverage Amounts
The death benefit is lower than traditional life insurance because the plan is designed to cover final expenses. Guaranteed issue policies only offer a maximum of $25,000 in coverage.
If you are looking for a policy to provide your family with supplemental income or complete mortgage protection, this won’t work. But then, it would be impossible for someone with Huntington’s disease to find such a policy, which is why guaranteed issue policies will still make sense in this situation.
If you’re planning to buy several guaranteed issue policies from different insurer to get higher coverage than $25,000, you can do it, but you have to be aware that is going to be really expensive.
#3. More Expensive
Guaranteed issue life insurance policies are more expensive than traditional life insurance policies. The burial insurance carriers charge more because they take more risk in insuring people without knowing their medical condition.
WHY DO I NEED TO PURCHASE GUARANTEED ISSUE LIFE INSURANCE IF I HAVE HUNTINGTON’S DISEASE?
Huntington’s disease is an inherited neurological disease that causes brain cells to die in various areas of the brain, including those that control voluntary movement. The condition gets worse over time. There is no known cure for Huntington’s disease, and there is no effective treatment discovered to stop the progression of this disease. The life expectancy of people with Huntington’s disease is 10 to 20 years.
For a Huntington’s patient who is confronted with the reality of death, buying burial insurance is a must. The sooner you obtain the policy the better because of the two-year graded period.
The sooner your two-year waiting period is over, the sooner you will have 100% coverage. If you just got a recent diagnosis, there is a good chance that you will outlive the two-year waiting period if you start immediately. You will also save on premium if you apply now because your monthly premium is computed based on your current age.
Buying guaranteed issue life insurance can provide financial protection to your family when you pass away. It can be used to cover your final expenses. A funeral is expensive and can cost over $10,000. Huntington’s life insurance payout can be used to pay for your funeral and burial cost.
More often people with Huntington’s disease leave their families with massive medical debts to pay. Guaranteed issue policy can provide a source of funds to pay those medical debts incurred before death. Purchasing a guaranteed issue policy will give you peace of mind from the knowledge that your family will be taken care of upon your death.
If you do not have sufficient savings or other life insurance policies to pass along to your family, you should apply for guaranteed issue life insurance protection.
Whether you are looking for burial insurance with Huntington’s disease for yourself or a loved one with this condition, it is essential to seek the help of an independent life insurance agency to guide you in finding the best policy suited for your needs.
THE BEST GUARANTEED ISSUE LIFE INSURANCE WITH HUNTINGTON’S DISEASE
Age Limits: 50-85
Death Benefit: $5,000-$25,000
If you have Huntington’s disease, then guaranteed issue life insurance policy that asks no health questions is your best option. Your application will be a breeze because you will not have to take a medical exam and you don’t have to submit blood and urine samples.
Guaranteed issue burial insurance has a 24-month graded period, but if you pass away in the first two years as a consequence of your Huntington’s disease, your beneficiary will receive your premiums plus 10% interest.
Your beneficiaries will also receive a full death benefit if you die from an accident or other catastrophic events in the first 24 months.
HOW CAN FUNERAL FUNDS HELP ME?
Trying to find a policy with a Huntington’s disease 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 Huntington’s disease, 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 need not 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 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 Huntington’s disease funeral insurance, or Huntington’s disease burial insurance, or Huntington’s disease 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.