Burial Insurance for Insulin Dependent Diabetics

burial insurance for insulin dependent diabetics

Affordable burial insurance for insulin-dependent diabetics is available for people with Type 1 and Type 2 diabetes.

If you’re on insulin, you’ll have several options to choose from.

In this article we will help you understand why most of the diabetics we help qualify for a burial insurance plan that comes with first-day coverage and the lowest rate.

FOR EASIER NAVIGATION:


WHAT IS MY BEST INSURANCE OPTION IF I’M AN INSULIN-DEPENDENT DIABETIC?

Today, many cases of Type-1 and Type-2 diabetics on insulin may qualify for a level death benefit plan with first-day full coverage.  In addition, there are some burial insurance, funeral insurance, cremation insurance, or final expense insurance carriers with the same great rates as a person who has no diabetes at all.

This policy option pays 100% of the death benefit from day one, and it has no waiting period.

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


OTHER FACTORS THAT MAY AFFECT ELIGIBILITY

NEUROPATHY (Nerve/Circulatory Issues due to diabetes)

If you have neuropathy as a complication of diabetes, you may qualify for a level death benefit plan with first-day coverage.

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


NEPHROPATHY (Kidney issues due to diabetes)

Burial insurance companies will always ask if you are undergoing dialysis. Kidney disease, as a result of uncontrolled diabetes, will only qualify for guaranteed issue burial insurance.

One consideration for this type of policy is the waiting period. You will need to live for 24 months before your policy will cover you for a natural cause of death. Only accidental death has full coverage during the waiting period.

Best Option: Guaranteed issue burial insurance


RETINOPATHY (Eye issues due to diabetes)

You will qualify for a level benefit plan if you only have mild vision problems because of diabetes.

Best Option: Level benefit plan with first-day coverage


DIABETIC AMPUTATION

If you have a diabetic amputation, the insurance companies will want to know if you can perform daily living activities on your own. If you can perform activities of daily living on your own, and your diabetic amputation was over two years ago, it will have little to no effect on your ability to qualify for burial insurance.

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

If you need help with daily living activities or have had a recent diabetic amputation, then your best option is a guaranteed acceptance life insurance. Unfortunately, most burial insurance companies will decline anyone who needs help with ADL for first-day coverage.

Best Option: Guaranteed issue burial insurance


INSULIN SHOCK

If you had insulin shock in the past, your insurance approval depends on the time that passed since your insulin shock episode. When insurance companies ask about insulin shock, they generally put a period. If your insulin shock occurred more than two years ago, you will qualify for the best option.

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

If you had insulin shock in the last two years, most insurance companies would offer you guaranteed issue burial insurance.

Best Option: Guaranteed issue burial insurance


DIABETIC COMA

The amount of time since your last diabetic coma will dictate what type of plan you will qualify for. If your diabetic coma occurred more than two years ago, you would qualify for the best plan with first-day coverage.

Any insurance company that asks about a recent diabetic coma that occurred within the last two years will decline you for first-day coverage. They will only offer you a plan with a waiting period.

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


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’M AN INSULIN-DEPENDENT DIABETIC, 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 for insulin dependent diabetics.

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 FOR INSULIN-DEPENDENT DIABETICS

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

Most burial insurance companies will ask about diabetes and insulin dependence in their health questionnaires.

You will commonly find them asked this way:

  • Have you been diagnosed with diabetes prior to age 30 or have you ever been treated for insulin shock, diabetic coma, retinopathy, or diabetic neuropathy?
  • Have you ever been treated or diagnosed with insulin shock, diabetic coma, amputation caused by disease, or taken insulin shots prior to age 50?
  • Within the past 2 years have you had, or been diagnosed with, or received treatment or medication for complications of diabetes such as: diabetic coma, insulin shock, retinopathy, nephropathy, or neuropathy?

These are the common questions you will encounter on the application.


PRESCRIPTION HISTORY CHECK

The insurance company will electronically check your prescription history to determine what health conditions you have. It is a standard underwriting procedure with all of the majority of insurance companies (except for guarantees issue life insurance companies).

If you ever filled a prescription for any illness, they will see it when checking your prescriptions.

If you have diabetes, there are certain medications they will be on the lookout for. If you have ever taken these drugs, expect to be viewed as an insulin-dependent diabetic.

Here’s a list of common diabetes medications:

  • Aspart (Novolog)
  • Degludec (Tresiba)
  • Glargine (Basaglar)
  • Glulisine (Apidra)
  • Humulin
  • Insulin detemir (Levemir)
  • Lispro (Humalog)
  • Novolin
  • Novolog
  • Velosulin

There may be more, but these are the most common drugs for insulin-dependent diabetics.


HOW MUCH INSURANCE DO I NEED IF I’M AN INSULIN-DEPENDENT DIABETIC?

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


INSULIN-DEPENDENT DIABETICS 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’RE AN INSULIN-DEPENDENT DIABETIC

When applying for final expense insurance with insulin use, it is important to provide us much information as possible.

We will ask you a series of health questions to get a better idea of your condition.

These questions include:

  1. Is your diabetes Type-1 or Type-2?
  2. When did you get your diabetes diagnosis?
  3. Are you taking insulin daily? How many units?
  4. Have you ever gone into insulin shock?
  5. Have you experienced a diabetic coma?
  6. Do you have an amputation due to diabetes?
  7. Do you have neuropathy or nerve circulatory issues from diabetes?
  8. Do you have nephropathy or kidney issues due to diabetes?
  9. Do you have retinopathy?
  10. What medications are you taking?

We need to know your medical condition to be able to provide you with the best recommendation. The more information we get, the better your chances of finding affordable insurance coverage.


WHAT IF I WAS REJECTED FOR COVERAGE?

If you applied to the wrong insurance company, you may have been denied for this insurance in the past.

If you have been rejected for burial insurance in the past, don’t lose hope. We can help you find an affordable life insurance policy with a different company that looks at your health more favorably.


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 FOR INSULIN-DEPENDENT DIABETICS

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

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

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 burial insurance with pre-existing conditions 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 anymore searching for multiple insurance companies 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 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 insulin-dependent diabetic funeral insurance, or insulin-dependent diabetic burial insurance, or insulin-dependent diabetic 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.

Funeral Insurance, Final Expense Insurance, Burial Insurance For Insulin Dependent Diabetics Infographic

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