You can qualify for a funeral or life insurance policy with Kidney Disease or Kidney Failure. In fact, there are several options to get affordable quality final expense insurance, even with kidney failure.
Some final expense companies are willing to offer life insurance to people with kidney problems. Some life insurance companies have more experience working with applicants with kidney disease, which means they understand the risks and they can give you a better rate.
Because there are hundreds of different insurance companies, you could spend several weeks looking for the perfect company. Let us do all dirty the work for you so that you can get the best pricing.
In this article, we are going to give you an in-depth look at what it’s like to buy burial insurance with kidney disease or kidney failure.
BURIAL INSURANCE WITH KIDNEY DISEASE OR KIDNEY FAILURE
The life insurance underwriting requirements involving kidney disease can be restrictive, but that doesn’t mean you can’t receive coverage.
Every final expense company will ask about kidney disease in the application. The most crucial thing to remember is that all of them respond to kidney problems in their own way.
There are two main types of kidney disease can affect your life insurance coverage. Each condition will have a different effect on the cost of the insurance.
- Acute kidney injury
- Chronic kidney disease
Your options will be different depending on which type you fall under.
ACUTE KIDNEY INJURY
It is a sudden injury to the kidneys characterized by decreased renal function over hours to days. It may result in a failure of the kidney to excrete waste and maintain fluid. An acute renal injury may be corrected, however; it may progress to chronic kidney disease.
CHRONIC KIDNEY DISEASE
There is a gradual loss of kidney function over at least three months. Chronic kidney disease can lead to permanent kidney failure.
END-STAGE KIDNEY DISEASE
Kidney failure, also called end-stage kidney disease, is the last stage of chronic kidney disease. When the kidneys fail, it stops working well that it may require you to have dialysis or kidney transplant to survive.
Regardless of which stage you are in, you still have options with various insurance companies.
When it comes to acute kidney injury, you can secure an immediate death benefit with some final expense companies and pay the lowest rate.
If you have chronic kidney disease, you can get a graded death benefit with partial coverage for the first two years. If you have end-stage kidney disease and you are on dialysis, you can still secure coverage, but you cannot escape the waiting period.
Burial insurance is a simplified issue which means you don’t have to take a medical exam to qualify.
WHY DO BURIAL INSURANCE COMPANY CARE IF YOU HAVE KIDNEY DISEASE OR KIDNEY FAILURE
The insurance companies know that kidney disease does not go away once it’s diagnosed, and it can get worse over time. Kidneys may stop working completely resulting in kidney failure which can be life-threatening if left untreated. In this case, dialysis will be needed to perform the function of the kidneys.
Dialysis uses a machine to filter waste materials from the blood. This procedure can’t cure kidney disease, but it can prolong the patient’s life. In some cases, your specialist may recommend a kidney transplant.
Kidney disease is the number nine leading cause of death in the U.S. Kidney disease worsens diabetes and high blood pressure and increases the risk of heart attacks and other heart-related deaths. That is why kidney disease patients are considered high-risk applicants.
WHAT INFORMATION DO WE NEED IF YOU HAVE KIDNEY DISEASE
When applying for burial insurance coverage with kidney disease or kidney failure, it is critical to give information about your condition. This information will help us understand your current health and will enable us to provide you with an accurate quote.
To get you the best rates, here are some questions we will ask about your kidney disease:
- When were you diagnosed with kidney disease?
- What type of kidney disease do you have?
- Do you have any complications from kidney disease?
- Are you taking medications for your kidney disease? What are they?
- Do you have a history of kidney disease in the family?
- Have you been hospitalized because of kidney disease?
- Do you have surgery to treat your kidney disease?
- Do you have other health condition aside from kidney disease?
Be sure to answer every question honestly and give any other details you think are essential. We need to know more information about your kidney disease to be able to provide you with the best recommendation. The more information you provide, the better your chances of finding affordable coverage.
UNDERWRITING BURIAL INSURANCE WITH KIDNEY DISEASE
Every life insurance company with underwriting asks questions about your health and medication use. Both the health questionnaire and your prescription history will be used to determine your life insurance eligibility.
Every life insurance company will ask about kidney disease. You will find kidney disease asked in the knockout section of the health questionnaire. You may see some companies use the words:
- kidney disease
- renal disease
- chronic kidney disease
- chronic renal failure
- end-stage kidney disease
- kidney transplant
If you have kidney disease, you will have to say yes to the kidney disease question no matter how they phrase it.
You will see kidney disease asked this way:
- Have you ever been diagnosed, been treated for, or been advised to have treatment for kidney disease?
- Have you ever been treated for chronic kidney disease?
PRESCRIPTION HISTORY CHECK
The insurance companies will look into your medications to verify your current health condition. Here’s a list of common medications for kidney disease:
- Perindopril or Ramipril
If you’re taking any of these drugs, the insurance company will know that you are taking medications to treat your condition. You will be considered as a kidney disease patient.
WHAT NOT TO DO
Be cautious of those guaranteed issue life insurance advertisements you see on TV, in magazines, and with that junk mail that shows up in your mailbox weekly….if it seems to good to be true, it probably is.
These companies hire high-dollar spokespeople and spend bazillions of dollars advertising to sell their products to unsuspecting retirees and senior citizens. Become an educated buyer and understand that all of these policies have at least one of the following disadvantages:
2 year waiting period – Even if you are in great health, you will be sold a more expensive policy with a mandatory 2 year waiting period. If you die of a heart attack 23.9 months after buying your policy, they won’t pay your loved ones a single penny.
Increasing premium – Many of these companies offer premium increase every five years. A real guaranteed issue burial insurance has a fixed premium throughout the life of the policy.
Policy termination at age 80 – Some policies end after age 80. Guaranteed issue life insurance is whole life insurance that lasts a lifetime.
3-year waiting period – Do we even have to tell you how bad these policies are? Avoid these plans at all cost! The best-guaranteed issue life insurance has a two year waiting period only.
It is essential to work with an independent life insurance agency that will guide you and prevent you from being tricked into agreeing to buy an expensive guaranteed issue life insurance policy that will increase its price, end after age 80, or make you wait 2-3 years for your coverage to begin.
POLICY OPTIONS IF YOU HAVE KIDNEY DISEASE OR KIDNEY FAILURE
The life insurance underwriting requirement can be restrictive, but that doesn’t mean that you cannot receive coverage. Qualifying for burial insurance with kidney disease or kidney failure will depend on the type of kidney disease you have and the severity of your condition.
ACUTE KIDNEY INJURY
This is a short-term affliction that starts abruptly and has the potential to be reversible. This condition may be corrected, but it can also progress to chronic kidney disease. If you have acute kidney injury, you will qualify for level death benefit with immediate coverage.
RECOMMENDATION – LEVEL DEATH BENEFIT
Level death benefit has immediate coverage effective on the first day of the policy. This is the last expensive final expense insurance option. The 100% of the face amount will be available to your beneficiary when you pass away even if it’s a day after you took the policy.
We work with insurance companies that provide this great value. If you have acute kidney injury and your condition is mild, you will not have a waiting period on your plan.
CHRONIC KIDNEY DISEASE (without dialysis)
These are the stages between acute kidney injury and end-stage kidney disease. You have kidney disease but not complete or total kidney failure. If you experience a gradual loss of kidney function for at least three months, there are still some companies that are willing to give you first-day coverage.
If you qualify for these companies jump on it because that is your best chance of getting covered. If you cannot be eligible with a company that offers immediate coverage, a graded plan is your next best option.
RECOMMENDATION – GRADED DEATH BENEFIT
A graded death benefit is the next best type of death benefit after level death benefit. In this case, you are going to pay anywhere from 30 to 60% more and your policy will pay out a portion of the death benefit on the first two years of the policy.
If you pass away on the first year of the policy, the company will pay 30-40% of the death benefit. On the second year, the death benefit payout will be 70 to 80%. The 100% of the death benefit will be given to your beneficiary if you pass away on the third year of the policy. Not all final expense companies offer this type of plan; call us to know what companies offer this type of benefit.
The graded death benefit is your next best option if you have chronic kidney disease because you will be covered from the first day of your policy for a percentage of your death benefit.
END-STAGE KIDNEY FAILURE
If you are on end-stage kidney failure and you require a dialysis or kidney transplant, your only option for coverage is get a no-medical exam, no-health questions policy. They are called guaranteed issue burial insurance. You will instantly qualify for this policy regardless of your medical condition.
RECOMMENDATION – GUARANTEE ISSUE BURIAL LIFE INSURANCE
This is whole life insurance that lasts a lifetime. This plan is designed to provide peace of mind without worrying that your plan will end before you pass away. The application is easy and straight forward. You only need to provide your personal information, beneficiary information, and payment information.
All you need to do is sign your name on the application over the phone or on the computer and send it, and you will be approved for coverage in a matter of minutes.
You will need to pay about 30-50% more compared with a level death benefit, and the policy will not pay a death benefit if you pass away within the first two years. If you pass during this time, the company will refund your premiums plus 10% interest.
Why get a guaranteed issue burial insurance if it will not cover you for the first two years?
When you have chronic kidney disease and undergoing dialysis, you will never qualify for anything other than guaranteed acceptance life insurance with a waiting period.
Dialysis patients have an average of five to ten years to live, and they have to take dialysis regularly to prolong their life. Dialysis is permanent.
Every single insurance company knocks out end-stage renal failure especially those who had a kidney transplant. All kidney transplant recipients take immunosuppressant drugs, and those drugs are knock-out medications for each company.
You could develop other health conditions like anemia, high blood pressure or diabetes. These conditions may prevent you from qualifying for immediate coverage. It means guaranteed acceptance policy is your only option for coverage and you have to wait 24 months before you will be fully covered. If you have end-stage kidney disease, you need to act now and work on the waiting period.
Bottom line: The soonest you work on the waiting period the soonest you will get full coverage.
WHAT IF MY APPLICATION WAS REJECTED BECAUSE OF KIDNEY DISEASE?
If your insurance application was rejected in the past because of your kidney disease, we can help you. We can help you get approved for life insurance. We can shop your case to multiple life insurance companies to get the best plan.
If you are considered uninsurable because of chronic kidney disease, we can get you a guaranteed acceptance life insurance plan. This plan does not require a medical exam or health questions; you will be approved regardless of your medical condition.
If you’ve been denied insurance coverage in the past, call us now, and we will help you apply with the right company offering the best price.
HOW CAN FUNERAL FUNDS HELP ME?
Trying to find a policy with kidney disease or kidney failure 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 kidney disease or kidney failure, 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 kidney disease or kidney failure funeral insurance, or kidney disease or kidney failure burial insurance, or kidney disease or kidney 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.