Burial Insurance for Insulin Dependent Diabetics

burial insurance for insulin dependent diabetics

If you’re looking for burial insurance for insulin-dependent diabetics, you’ve come to the right place. Finding affordable burial life insurance can be more difficult when you require insulin shots. Lots of companies charge more for people who use insulin.

Luckily we work with some companies that don’t even ask about insulin use and they will provide burial and funeral coverage no matter how much insulin you use or when you started using it.

We can help you get approved for affordable burial insurance even if you are an insulin-dependent diabetic. The trick is to know where to look to find the most diabetic-friendly insurance carrier.

Your best bet is to work with an independent agency like Funeral Funds that can shop around to find you the best plan at an affordable price.

FOR EASIER NAVIGATION:

CAN YOU QUALIFY FOR LIFE INSURANCE IF YOU ARE INSULIN DEPENDENT?

THE TRUTH ABOUT BURIAL INSURANCE FOR INSULIN DEPENDENT DIABETICS

WHY DO INSURANCE COMPANIES CARE IF I USE INSULIN?

WHAT OUR AGENTS WILL ASK YOU IF YOU ARE INSULIN DEPENDENT

UNDERWRITING BURIAL INSURANCE FOR INSULIN DEPENDENT DIABETICS

HOW BURIAL INSURANCE COMPANIES RESPOND TO INSULIN DEPENDENT DIABETICS

BURIAL INSURANCE OPTIONS IF YOU USE INSULIN

WHAT IF I WAS REJECTED FOR COVERAGE?

CAN YOU QUALIFY FOR LIFE INSURANCE IF YOU ARE INSULIN DEPENDENT?

Yes! 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.

Even if your diabetes isn’t well controlled, your rates for burial insurance for diabetics can be affordable. Many companies will ask details about how you control your condition, while some will not even ask about insulin dependence on their health questions.

Want to know something great?

Burial insurance doesn’t even require a medical exam! You only need to answer some questions about your health.

If diabetes with insulin use is your only health problem, then you can qualify for a burial insurance plan that comes with immediate coverage and the lowest rate.

We are experts at getting diabetic clients approved for coverage. Call us for immediate help in getting approved for burial insurance at the lowest possible rates.

THE TRUTH ABOUT BURIAL INSURANCE FOR INSULIN DEPENDENT DIABETICS

The insurance companies know that if you have Type-1 diabetes, your body does not produce any insulin.

Because it’s unable to create insulin, your body is not able to get the glucose that it needs for your body, and you will need shots of insulin to manage your diabetes to prevent future health problems.

Most Type-1 diabetics and some people with type-2 diabetes take insulin to manage their blood sugar levels. It’s almost certain that if you have Type-1 diabetes, you’re taking some form of insulin to manage and control your blood sugar.

A few years ago, approval for a life insurance policy with insulin-dependent diabetes was virtually impossible. At the time, type 1 diabetics who were on insulin were having a hard time getting any kind of life insurance. Having Type-1 diabetes used to mean automatic decline from life insurance companies.

Although some burial insurance companies require 50 units of insulin or less per day, and some companies don’t even ask about insulin use. 

Today, many cases of Type-1 and Type-2 diabetics on insulin may qualify for first-day full coverage.  In addition, there are some burial insurance, funeral insurance, cremation insurance or final expense insurance carriers that we work with that will charge you the same amount of money as a person who has no diabetes at all.

If you are insulin dependent diabetic it doesn’t mean you’ll be paying more premiums on final expense or burial insurance.

The good news is, there is a plan that offers first-day coverage without paying more because of insulin dependence. The best way to find this plan is to work with an independent agency like Funeral Funds.

We will shop around to find you the best plan at the best price. We will help make your final expense insurance application simple and straightforward.

WHY DO INSURANCE COMPANIES CARE IF I USE INSULIN?

The American Diabetes Association found that diabetes impacts nearly 31 million people in America. It’s estimated that 85 million people have pre-diabetes. Diabetes is a chronic illness that makes applying for life insurance a little tricky.

The insurance carriers know that diabetes can cause serious health complications like amputation, retinopathy, and neuropathy; all of which can impact your life expectancy.  

How long a person’s life is reduced depends on different factors such as the severity of the condition, additional complications, and good response to treatment. Type 2 diabetes is thought to have a lesser effect on life expectancy compared with Type-1 because they developed it much later in life.

A recent study concluded that having Type-2 diabetes may reduce life expectancy by roughly ten years, while Type-1 diabetes may shorten life expectancy by at least 20 years.

People with type-1 diabetes have traditionally lived shorter lives than Type-2 diabetics. However, improvement in diabetes treatment in recent decades indicates that People with type-1 diabetes are now living significantly longer.

Why do Type-1 Diabetics on Insulin have a lower life expectancy?

Type-1 diabetics on insulin in the majority of cases, develop diabetes at a younger age compared with Type-2 diabetics, therefore they spend a longer period of time living with diabetes and may develop complication early.

The good news is, recent studies are showing significant improvement in life expectancy for People with type-1 diabetes born later in the 20th century. People with Type-1 diabetes are now living for as long as over 85 years with this condition.

What causes shorter life expectancy in Diabetics?

Higher blood sugar levels over a longer period of time cause diabetic complication to set in, such as:

  • Heart disease
  • Diabetic retinopathy
  • Diabetic neuropathy
  • Kidney disease

Life expectancy is the critical factor that insurance companies use to determine your level of risk and the likelihood of making a claim. 

High blood sugars are often accompanied by other health conditions such as high blood pressure and high cholesterol. High blood pressure and high cholesterol levels both contribute to poor blood circulation which can cause damage to organs such as the kidneys, heart, nerves, and eyes,

There are some short-term complications with diabetes such as hypoglycemia, insulin shock and diabetic ketoacidosis that can be fatal.

WHAT OUR AGENTS WILL ASK YOU IF YOU ARE INSULIN DEPENDENT

Before you apply for burial insurance, you should understand all of the questions the life insurance carrier is going to ask if you are insulin-dependent.

You must be honest in answering any health questions on a burial insurance application. The more information you provide to us, the better we will be able to match you with a diabetic-friendly company.

Here are some questions we may ask to help you get the best rates:

  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 to diabetes?
  8. Do you have nephropathy or kidney issues due to diabetes?
  9. Do you have retinopathy?
  10. What medications are you taking?

These are all the possible questions that might be asked by the insurance companies on a request for coverage form.

We will ask you these questions to help us determine which burial insurance carrier would be the best fit for your needs and which company will offer you the lowest price.

UNDERWRITING BURIAL INSURANCE FOR INSULIN DEPENDENT DIABETICS

Most insurance carriers ask health questions, perform a Medical Information Bureau (MIB) check and check your prescription history. They just want to verify your answers to the health questionnaire.

The result of the health question together with background checks will determine the type of plan and what rates you will qualify for.

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:

  1. Do you have Type-1 or Type-2 diabetes?
  2. How old are you when you’ve got a diabetes diagnosis?
  3. Are you taking insulin daily? How many units do you take?
  4. At what age did you start taking insulin?
  5. Do you have diabetes complications such as amputation, neuropathy, retinopathy, and nephropathy?

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

You may be asked different questions simply because the insurance companies want to know if you have good control of diabetes.

The life insurance company will also be on the lookout for any diabetes complications such as retinopathy, neuropathy or kidney disease. If you have these complications, it is essential to deal with an independent agency that knows which companies will take you despite having diabetic complications.

Our knowledge and experience can help you to be matched with the most diabetic-friendly carrier that will offer the same rates as a person without diabetes. We’ll help you get the best plan at the lowest rate.

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 medication.

  • 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. If they see you taking these drugs at the age they did not approve, they will respond negatively. Most companies want to know if you had diabetes early in life.

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

HOW BURIAL INSURANCE COMPANIES RESPOND TO INSULIN DEPENDENT DIABETICS

#1. They will reject your application

If you go with the wrong company that is not diabetic friendly, your application will be instantly rejected. They will deny your application when they learn that you are an insulin-dependent diabetic.

It is crucial to work with an independent agency that can match you with the right company to avoid rejection on your MIB record.

#2. They will issue a policy with a waiting period

Every company is different, but some companies may grant you a policy that comes with a two-year waiting period.

If you should happen to pass away from a natural cause during this time, they will only refund all your premiums plus interest. 10% is the most common rate of interest they will give to your beneficiary.

#3. They will approve your application at the lowest rate

We work with some companies that do not even ask about insulin use.

With them, having insulin dependence is that same as not having it. Additionally, you will qualify for their lowest rates and immediate protection.

BURIAL INSURANCE OPTIONS IF YOU USE INSULIN

LEVEL DEATH BENEFIT

Are you an insulin-dependent diabetic? We can get you approved for level death benefit with immediate coverage. We know some burial insurance companies that do not even ask about insulin use.

This option is available with the lowest rate. Your life insurance payout is the same and will not decrease through the whole duration of the policy.

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

It does not matter when you die; your beneficiary is guaranteed to receive your full death benefit payout.

GUARANTEED ISSUE LIFE INSURANCE

If you’ve been rejected for life insurance coverage because of insulin use, don’t assume that you can’t get life insurance coverage.

There is still one option for you that will give your family protection even if you are not in the best of health. A guaranteed issue life insurance plan is a great way to get coverage.

Some final expense insurance carriers will only offer guaranteed issue policy to people with diabetes who are insulin-dependent. This type of policy is intended for people who are considered higher risk.

Guaranteed issue life insurance does not have a medical exam or ask any health questions.

All you need to do is provide your age and your payment method, and you can get life insurance coverage. Life insurance for seniors became easier. Since they offer coverage to about anyone regardless of their medical condition, their rates are more expensive than the level death benefit.

One benefit of this plan is how quickly you can get approved for coverage. With a guaranteed issue plan, you can get approved for life insurance in a matter of minutes.

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.

Another drawback is that you’re going to be limited on the face amount you can buy. With a guaranteed issue plan, you will only be able to purchase a maximum of $25,000 worth of coverage. For most families, this is not enough life insurance protection.

With a guaranteed issue plan, you will be able to purchase up to $25,000 worth of coverage. For most families, this is more than enough life insurance protection to cover burial costs and to pay off other debts.

WHAT IF I WAS REJECTED FOR COVERAGE?

Have you been denied life insurance because of diabetes? Most of our diabetic clients that come to use to get life insurance coverage have been rejected at least once before. They tried to do it on their own and they applied to the wrong company. They have been frustrated before approaching us.

The truth is if you apply for the wrong company, those who are not diabetic-friendly your application will surely be rejected.

If you have been rejected for burial insurance for insulin-dependent diabetics insurance coverage 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.

Your best chance for getting great rates is to work with an independent life insurance agency like Funeral Funds that know which life insurance company will look at diabetes favorably.

We have access to more than 30 top-rated insurance companies, and we can match you with the right company with the lowest rates. Doing this will save a lot of time and money.

If you are an insulin-dependent diabetic and are ready to apply for burial or funeral life insurance, we can help you compare life insurance rates from multiple companies. Answer the instant quote form on this page or give us a call to get an accurate quote.

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.

If you have a health history of insulin dependence, 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 don’t have to 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 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.

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