Finding the most affordable burial insurance with liver disease is possible if you know where to look. Many people make the mistake of applying for life insurance with the wrong company. They often think they can just go to the first company that offers them coverage through the mail or a TV ad.
There are many different types of liver disease, and if you’re seeking coverage with this condition, we can help. Funeral Funds is an independent burial life insurance agency. We are experts in high-risk life insurance. We have years of experience dealing with a high-risk condition we know the best carriers for you.
Liver disease won’t stop you from qualifying for an affordable burial insurance plan. You can even be eligible for a burial insurance policy that protects you immediately, no waiting period. We know the secret to applying for life insurance when you have liver disease, and we will make sure you get the best options at the rate you can afford.
In this article, we will show you how insurance carriers underwrite applicants with liver disease, what kind of policy options is open for you, and how to find affordable burial insurance.
WHY DO THE INSURANCE COMPANIES CARE ABOUT LIVER DISEASE?
Liver disease is an umbrella term that covers all illnesses that cause the liver to fail to perform its functions within the body.
A poorly functioning liver means the body is not digesting food properly and not getting rid of harmful body waste and toxins.
Liver disease can be inherited or caused by a variety of factors that damage the liver, such as viruses, alcohol use, and obesity. Usually, more than 75% of liver tissue needs to be affected before a decrease in function occurs. Prolonged damage to the liver can cause scarring to liver tissue (cirrhosis of the liver). It is a serious illness that can lead to death.
Liver disease is the fourth leading cause of death in the U.S. adults aged 45 to 54, according to the American Liver Foundation. Approximately 15,000 people die from hepatitis-related liver cancer or chronic liver disease every year. One in ten Americans has some form of liver disease.
There are more than 100 different types of liver disease, all of which have significant health risks associated with them.
Here are some of the illnesses insurance companies associate with liver disease:
- Alcohol-related liver disease
- Non-alcoholic fatty liver disease
- Hepatitis A, B, C
- Biliary atresia
- Benign liver tumors
- Liver cancer
- Epstein Barr virus
Many people do not experience symptoms in the early stage of the disease.
Acute and chronic liver diseases can interfere with the liver functions and can cause symptoms.
OTHER RISK FACTORS TO CONSIDER FOR BURIAL INSURANCE
Here are some other factors that insurers consider when determining your eligibility for final expense insurance with liver disease:
- Heavy alcohol use
Alcohol abuse is the most common cause of liver disease in America.
Alcohol is directly toxic to the liver cells; it can cause liver inflammation or alcoholic hepatitis. Chronic alcohol abuse can cause fat to accumulate in the liver cells which affects the liver function. Expect almost all insurance companies to ask about alcohol abuse and a history of liver disease.
BURIAL INSURANCE AND LIVER DISEASE
Most people think they cannot qualify for life insurance if they have some form of liver disease. This couldn’t be farther from the truth!
You are eligible for burial insurance even if you’ve been diagnosed with liver disease!
There are many causes of liver disease. It can be a severe condition that can affect your life expectancy. It is the reason why burial insurance companies generally charge an applicant with liver disease a higher premium.
Thankfully, we know companies that offer amazing coverage at affordable prices. We can help you qualify with one of these companies.
No matter what kind of liver disease you have, we have carriers that will offer you burial insurance with liver problems.
When you apply for burial insurance, you only have to answer some questions about your health. The application process is simple, and you don’t need to provide medical records or blood and urine samples.
UNDERWRITING BURIAL INSURANCE WITH LIVER DISEASE
Burial insurance companies will attempt to know about your health issues by asking health questions and analyzing your prescription history. Burial insurance companies will ask about liver disease in different ways.
They will often ask if you ever have a liver disease at any point in your life. They will also ask if you have or you’ve been treated for liver disease within a certain number of years.
Here are some examples of how burial companies ask about liver disease in their health questions:
- Have you ever had or been treated for any liver disease?
- Have you ever had or been treated for liver disease within the last 24 months?
You will need to respond yes to the questions if you have any form of liver disease.
HOW BURIAL INSURANCE COMPANIES REACT TO LIVER DISEASE
Burial insurance companies will react differently depending on your liver disease. Below are all possible reactions you could experience when applying for burial insurance with liver disease.
You will be charged a higher premium and get full immediate protection
Some burial insurance companies charge a bit higher premium but offer full immediate death benefit with no waiting period. We know companies that provide this kind of value, and we will help you get approved with them.
You will be charged a higher premium, and your policy will pay partial coverage
Most insurance companies offer a graded policy. This type of plan will pay 30-40% if you pass away within the first year. If you die during the second year, your policy will pay 70-80% of your death benefit.
Many companies offer this kind of plan for applicants with liver disease. If you don’t qualify for immediate protection, a graded plan will be your next best option.
They will offer you a guaranteed issue life insurance
Guaranteed issue life insurance ensures your approval regardless of your medical condition. It has a two year waiting period. If you pass away during this time, the company will refund all your premiums plus 10% interest.
POLICY OPTIONS WHEN YOU HAVE LIVER DISEASE
Here are your policy options if you have a liver disease:
Level Death Benefit
Level death benefit offers immediate coverage from the first day. It is the best burial insurance death benefit with no waiting period.
Your beneficiary will receive 100% of your death benefit whenever you pass away whether one month or two years after you bought the policy. The level death benefit is the highest percentage level of death benefit we always try to get for our clients.
Graded Death Benefit
The graded death benefit offers partial coverage for two years before the policy is in force. It is the next best death benefit if you do not qualify for a level death benefit.
Graded death benefit works this way. If you purchased a $20,000 death benefit and you pass away during the first year of the policy, your beneficiary would receive 30-40% of the death benefit.
If you die in the second year, the policy will pay out 70-80% of the death benefit.
100% of the death benefit will be paid to your beneficiary on the third year of the policy. Not all burial insurance companies offer this type of benefit.
Guaranteed Issue Life Insurance
You can always get coverage with a guaranteed acceptance life insurance policy regardless of your medical condition.
You don’t need to answer any health questions or take a medical exam to qualify for coverage. While it typically costs a bit more than traditional life insurance policies, you will not have to worry about the possibility of being declined due to your health issues.
Guaranteed issue life insurance does not mind how mild or severe your liver disease is because you will be covered with no health questions asked.
People with liver disease can get guaranteed issue life insurance policy. The minimum age requirement is 50. If you are a U.S. citizen and live in the state where this policy is available, and you fall within the required age, you will be eligible for this policy.
Guaranteed issue life insurance is graded during the first two years of the policy for a natural cause of death.
During the two-year waiting period, it will only pay 100% death benefit if you die from an accident.
If you die from illness as a consequence of liver disease, the insurance company will pay your beneficiary the refund of your premium plus interest which is typically 10%. After the two-year waiting period, the policy will pay the full death benefit for any reason of death.
FINDING AFFORDABLE BURIAL INSURANCE WITH LIVER DISEASE
If you have been diagnosed with liver disease and need burial insurance coverage, one of the most important steps you can make toward getting affordable coverage is to work with an independent life insurance agency like Funeral Funds that specialize in obtaining life insurance coverage for high-risk clients.
We know about the life insurance companies underwriting requirements for liver disease. We also know the most affordable coverage options and the best life insurance companies for your condition. We will assist you in obtaining the coverage you need at a rate within your budget.
Even if your liver disease is deteriorating and you fear you will not qualify for life insurance, we can still get you covered. We work with many top-rated life insurance companies in the market. We can shop your case, and this will increase your chances of finding affordable burial insurance.
HOW CAN FUNERAL FUNDS HELP YOU?
Trying to find a policy with liver disease needn’t be a frustrating process, but working with an independent agency like Funeral Funds will make the process easier and quicker.
If you have a health history with liver 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 funeral or burial insurance with liver disease in your medical history, 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.