If you want affordable burial insurance with lung disease, then we have good news for you. It is possible for a lung disease patient to get burial or funeral life insurance!
Purchasing final expense life insurance may seem like a daunting process, especially if you have lung disease. But, when you work with an experienced independent agency, finding the best rates for life insurance can be easy.
Every life insurance carrier has its own underwriting guidelines for approving applicants with a history of lung disease. The good news is that some insurance companies are more lenient than others.
At Funeral Funds, our goal is to make the application process easy and to find each of our clients a plan that fits their needs at a rate they can afford.
We have plenty of experience helping clients’ secure affordable burial insurance with lung disease. Today, we are going to reveal to you how burial insurance companies underwrite lung disease, what life insurance options are open for you and how you can find the best plan at the best price possible.
FOR EASIER NAVIGATION:
CAN YOU QUALIFY FOR BURIAL INSURANCE IF YOU HAVE LUNG DISEASE?
Yes, you can!
You can qualify for affordable burial insurance with lung disease. The type of plan you will be eligible for will depend on the nature of your lung disease and the severity of your condition.
Want to know something amazing?
Burial insurance, funeral insurance, cremation insurance, and final expense policies never require a medical exam. You only need to answer some questions about your health. It’s so easy!
We have previously helped many lung disease clients secure affordable coverage, and we will also show you how you can do the same.
WHY DO LIFE INSURANCE COMPANIES CARE IF YOU HAVE LUNG DISEASE?
Lung disease refers to any disease in which the lungs do not function properly.
Lung disease is one of the most common medical conditions in the world. It is the 3rd leading cause of death in the U.S. responsible for one in seven deaths.
It is also the chief cause of death among infants under the age of one. Smoking, genetics, and infections are responsible for most lung diseases.
Some diseases, like emphysema and asthma, involve a narrowing or blockage of the airways which causes reduced airflow. Others, including pulmonary fibrosis, lung cancer, and pneumonia are caused by a loss of elasticity in the lungs which decreases the total air volume that the lungs can hold.
The insurance companies know that studies have shown that long-term exposure to air pollutants can stunt lung growth and development increasing the risk of developing asthma, COPD, emphysema, and other respiratory diseases.
TYPES OF LUNG DISEASE THAT AFFECT BURIAL INSURANCE APPROVAL:
Lung Diseases affecting the airways:
- Chronic Obstructive Pulmonary Disease (COPD)
- Chronic bronchitis
- Acute bronchitis
- Cystic fibrosis
Lung Disease affecting air sacs:
- Pulmonary edema
- Lung cancer
- Acute respiratory distress syndrome
Lung diseases affecting the Interstitium
- Interstitial lung disease
Lung diseases affecting Blood Vessels:
- Pulmonary embolism
- Pulmonary hypertension
HOW DOES LUNG DISEASE AFFECT ME FOR BURIAL INSURANCE?
One important thing that life insurance companies take into consideration when looking at your life insurance eligibility is your current health. Having lung disease will determine which insurance company will offer you a plan with the best pricing.
Some types of lung diseases will qualify for final expense or burial insurance easily.
Many lung diseases, will even qualify you a level death benefit. If you find it hard to qualify for burial insurance because of your lung disease, try applying for guaranteed issue or guaranteed acceptance life insurance policies.
There are no health questions on a guaranteed issue life insurance policy so the insurance company will ignore any health issues you have.
Some insurance companies will charge a bit higher monthly premiums because of lung disease. But, some companies don’t even view many common lung conditions as high-risk. This means you will be eligible for the best rates and coverage.
Are you wondering how lung disease can affect your chances of qualifying for affordable burial insurance? Keep reading, we can help you understand your options.
Funeral Funds is here to enlighten you on how lung disease can affect your insurance eligibility and what plans you can qualify with your specific lung condition. We have plenty of experience helping lung disease patients qualify the lowest cost of burial insurance possible.
UNDERWRITING BURIAL INSURANCE WITH LUNG DISEASE
Most insurance companies with underwriting will review your health history to determine what plans to offer you.
There are three things they do to evaluate your level of risk:
- Have you answer some basic health questions
- Do a prescription medication history check
- Check your Medical Information Bureau records
After reviewing this information, they will have a better look at your health and they will give you a decision regarding your eligibility and rates.
Every company has unique underwriting guidelines, and all of them are different.
If you are declined with Company A, you can be approved with Company B due to the different medical conditions they are accepting.
With the current increasing competition among burial insurance companies, shopping around becomes a great advantage to customers like you. The biggest challenge will be is to find a company that will accept all your medical conditions and your lifestyle.
Our experts will help you locate the best company with the best plan.
Final expense insurance companies with underwriting have a set of health questionnaire on the application. Your answers to these questions will dictate what policy you will qualify and how much is your monthly premium.
If you responded “yes” to a health question, it may mean a higher monthly premium or a waiting period.
If you say yes to the health questions, never lose hope. If one company charges you more money, another insurance company will approve your application without rate or waiting period penalties at all.
If a burial insurance company does not ask about lung disease or any health condition, it means they will accept you without asking any more questions.
For example, you will hardly see a final expense company ask about asthma. If they don’t ask about it, they are okay with it, and they will offer you their lowest rate.
Sample health questions you will find on the application:
- Do you use a nebulizer for any lung or respiratory disorder?
- Do you have any lung disorders, such as COPD, chronic bronchitis or emphysema?
- Have you ever been treated for emphysema, COPD, or any other chronic lung condition excluding asthma?
- Have you ever been diagnosed with or been treated for cystic fibrosis?
- Have you ever been treated for any chronic lung conditions?
Each company uses different terms or wording on their health questions. They also have different “look-back” periods for every health condition.
Some companies will ask if you have been diagnosed or treated for lung cancer in the past two years. If you have been in remission for lung cancer for at least two years, this company would likely be a great fit for you. You could expect the best coverage and rates.
It is not advisable to apply to multiple companies and wait for the one that will take you.
We recommend that you have a quick 5-minute talk with our agents so that we can make a suitable recommendation on the right company for your lung disease.
Prescription History Check
Every burial insurance company will electronically check your prescription history (except for guaranteed issue life insurance companies).
They will review the drugs that have been prescribed to you in the past years. They will look at the type of medication you have been prescribed, when you first filled them, and how often you have refilled them. This is done to verify your answers on your no-medical exam health questionnaire.
Most insurance companies will perform a script check to assess your health condition in the past years. The drugs that you have taken, and when you started taking them, will help the insurance companies determine what kind of plan you are eligible for and what your rates will be.
If you answer “no” to the lung disease question, but the final expense company sees oxygen being prescribed to assist your breathing, they will know that you have not been truthful.
Each final expense insurance company has its own set of drugs that are “red-flagged” and won’t accept applicants who take these prescription medications. If one company declines your application for taking Warfarin, another insurance company will accept you.
Medical Information Bureau Review
Every carrier that offers burial insurance coverage will review your MIB (except for guaranteed issue life insurance companies).
Your MIB file holds information from all the life insurance companies that you applied before. This report indicates the insurance company, the date you apply and if you have been approved or declined. MIB is designed to avoid applicants who would attempt to withhold the truth.
If you admitted to one company you have lung cancer six months ago, and you are rejected for coverage, the next company you apply will see this record.
If you lied to the new company and tell them that you don’t have lung cancer, they will not believe you because of the MIB record, and they may decline your application.
When you apply for life insurance coverage, the insurance carrier will analyze your MIB file for any relevant information. They will look for information that may conflict with your answer to the health questionnaire. If they find a conflict, they will probably deny your application.
If you’ve been honest, the Medical Information Bureau check will not affect your application negatively. Being truthful will help you get lower premiums since MIB detects fraudulent characters.
However, there are instances when MIB is not accurate. It happens when an insurance company inaccurately recorded your health information. If this is your case, contact one of our agents to guide you to other life insurance companies that never perform MIB review.
BURIAL INSURANCE WITH LUNG DISEASE
CHRONIC BRONCHITIS BURIAL & FUNERAL INSURANCE
Some burial insurance carriers don’t ask about chronic bronchitis or any chronic lung conditions on their health questionnaire. Because they don’t ask about it, it means that the company is will accept your medical condition.
They will accept your application even though you have chronic bronchitis. You don’t pay any extra premium, you will qualify for the lowest rates, and your coverage protects you in full from day one of your policy.
As long as you don’t have any other significant health issues that may prevent you from qualifying with these companies, they will gladly accept you and your chronic bronchitis.
ASTHMA BURIAL & FUNERAL INSURANCE
Having asthma will not disqualify you from level rates and immediate coverage from day one.
It’s very rare for a burial insurance company to ask about asthma in their health questions. Your asthma will not pose any problem to you when applying for a burial life insurance company.
Most burial insurance companies will gladly accept you with this health condition.
With our help, you will not have any difficulty qualifying for the lowest rates. You will also have day one coverage that has no waiting period even if you have asthma.
Your asthma will have no effect on the amount you will pay for coverage. You will quickly be approved for a level death benefit, and you will pay the lowest premium offered by the insurance companies.
If you see a final expense insurance application that asks about asthma, answer yes. However, we will help you find companies do not ask about asthma and very accepting of this condition.
CHRONIC OBSTRUCTIVE PULMONARY DISEASE (COPD) BURIAL & FUNERAL INSURANCE
It can be a challenge finding affordable burial insurance when you have COPD.
COPD had been the 3rd leading cause of death in America. It is a chronic condition with a high mortality rate which makes life insurance companies respond unfavorably to this condition.
If you have mild COPD with no other health conditions, you will qualify for a level death benefit. Your coverage is immediate on day one, and you don’t have a two-year waiting period.
If you have moderate COPD and not healthy enough to qualify for a level death benefit, you will be eligible for a graded death benefit. It has a partial coverage for the first two years of the policy. If you die during the first year, the policy will pay out 30%-40% of the face amount.
If you die in the second year, the policy will pay out 60%-70%. The full face amount will be given to your beneficiary if you die in the 3rd year.
COPD is a high-risk disease which ultimately reduces life expectancy.
Every burial insurance company will decline your application if you have severe COPD. The only option open for you is a guaranteed issue life insurance that does not ask health questions or checks medical history in any way.
LUNG DISEASE WITH OXYGEN USE BURIAL & FUNERAL INSURANCE
If you are on oxygen to support your breathing, your only option for coverage is a guaranteed issue burial insurance.
Every insurance carrier will ask about oxygen use. If you are using oxygen, you will be flat out declined with each company.
Using oxygen disqualifies you for a plan that fully protects you from day one, and you will have a two-year waiting period with your guaranteed issue burial insurance policy.
CYSTIC FIBROSIS BURIAL & FUNERAL INSURANCE
Most cystic fibrosis patients can qualify for coverage that covers them in full from day one.
Moreover, their insurance premiums will cost no more than what healthy individuals will pay. It is very rare that you will have to pay more and have a waiting period.
Most health questionnaires don’t ask about cystic fibrosis.
LUNG TRANSPLANT BURIAL & FUNERAL INSURANCE
If your doctor has advised you that you need lung transplant due to your lung disease, you will be ineligible for coverage that has any medical questions or underwriting.
You can still get coverage with a guaranteed issue life insurance.
EMPHYSEMA BURIAL & FUNERAL INSURANCE
Emphysema presents a problem when it comes to applying for life insurance and you may not qualify for a level death benefit.
Guaranteed issue burial insurance will likely be your best option. It has a two-year waiting period and a little bit expensive than traditional life insurance.
TUBERCULOSIS BURIAL & FUNERAL INSURANCE
Tuberculosis is a manageable and highly curable disease.
Tuberculosis patients apply with the right insurance companies, they should be able to get life insurance regardless of this condition. Many life insurance companies will still insure people who had tuberculosis in the past. We will help you qualify for a level death benefit if you have tuberculosis.
If you are rejected for coverage because of y our tuberculosis history, you can always qualify for a guaranteed issue life insurance.
PULMONARY HYPERTENSION BURIAL & FUNERAL INSURANCE
Pulmonary hypertension is potentially life-threatening because the blood pressure in the arteries between the heart and lungs is elevated.
This condition can even lead to heart failure. Most life insurance companies flat out decline anyone who has pulmonary hypertension. Your only option for coverage is a guaranteed issue life insurance.
If your condition improves in the future and the underlying cause of pulmonary hypertension was cured, and you no longer exhibit signs and symptoms, it will be possible to qualify for a level death benefit.
PULMONARY EMBOLISM BURIAL & FUNERAL INSURANCE
A pulmonary embolism is a blockage on the arteries in the lungs.
Pulmonary embolism from deep vein thrombosis can be a life-threatening condition. About one-third of the patients do not survive this condition if left undiagnosed or untreated. The survival rate is much higher for those who receive treatment.
Purchasing affordable life insurance is still possible for pulmonary embolism patients.
If you are currently taking blood-thinning medication to treat your condition, some burial insurance companies will not issue a level death benefit policy. But, you can qualify for the graded death benefit and guaranteed issue life insurance.
LUNG CANCER BURIAL & FUNERAL INSURANCE
If you’ve been diagnosed with lung cancer, you may still qualify for life insurance, but it will be a little difficult.
You will need the help of an independent agent to shop your case to find a lung cancer friendly life insurance company.
You may need to wait 2 years after being cured before you can qualify for a level death benefit. A guaranteed issue life insurance policy is your best bet if you have had lung cancer in the last two years.
SLEEP APNEA BURIAL & FUNERAL INSURANCE
Sleep apnea is a non-issue to most final expense life insurance companies.
You will qualify for level death benefit with the lowest price, and you will be covered from day one. It also means you will not have a two-year waiting period.
Most insurance carriers will even allow you to use oxygen for sleep apnea and still qualify for immediate coverage.
GUARANTEED ISSUE LIFE INSURANCE EXPLAINED
Guaranteed issue life insurance is simple and straightforward. Every applicant that qualifies on the age requirement is guaranteed to be accepted regardless of any medical condition.
There are no medical exams or health questionnaires to answer and you will only need to provide your name, beneficiary, and payment information.
There are three drawbacks to this policy. First, they have a mandatory two-year waiting period that you cannot avoid it. On the plus side – if you pass away during the waiting period, the company will refund all your premiums plus 10% interest.
Second, the premium is a bit higher than a burial insurance plan with a health question. The insurance company charges more to support the increased death claims they will experience because seriously ill applicants are applying for this plan.
Third, you will only be able to qualify for coverage that maxes out at $25,000; this is more than enough coverage to pay for your burial expenses.
HOW CAN FUNERAL FUNDS HELP ME?
Trying to find a policy with lung 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 lung 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 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 lung disease funeral insurance, or lung disease burial insurance, or lung 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.