Burial Insurance with Multiple Sclerosis

Finding affordable burial insurance with multiple sclerosis is important if you want your family to have peace of mind when you pass away.

Having a history of multiple sclerosis will not prevent you from being approved for this important insurance coverage.

If you have multiple sclerosis and you are considering applying for a burial insurance policy, keep reading and we will give you an overview of multiple sclerosis burial insurance underwriting and how to get the best rate possible.

FOR EASIER NAVIGATION:


WHAT IS MY BEST INSURANCE OPTION IF I HAVE A HISTORY OF MULTIPLE SCLEROSIS?

The type of plan that you can qualify as an MS patient is dependent upon the degree of your health and how long it has been since your diagnosis and treatment.


DIAGNOSIS AND TREATMENT LONGER THAN 24 MONTHS

If your multiple sclerosis diagnosis and last treatment occurred more than 24 months ago, you will qualify for a level death benefit plan with first-day coverage. Your plan will have no waiting period and it comes with the lowest rate.

You will be fully covered from day one and your beneficiary will receive 100% of the death benefit when you pass away.

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


DIAGNOSIS AND TREATMENT IN THE LAST 24 MONTHS

If you were diagnosed with multiple sclerosis in the last 2 years, most burial insurance companies would decline your application for level coverage because of your recent diagnosis. The reason for this is the company can’t predict the course of your disease. Your best insurance coverage option is a first-day benefit plan.

You will be covered from the first-day and your death benefit will be phased in over time.

Best Option: First-day benefit plan


OTHER FACTORS THAT MAY AFFECT ELIGIBILITY

ASSISTANCE WITH ACTIVITIES OF DAILY LIVING

If your multiple sclerosis progresses to the point that you need help with your daily living activities, it will have an impact on the underwriting process. Life insurance companies define activities of daily living as eating, bathing, dressing, toileting, transferring, and continence.

Every burial insurance company will ask if you need help with ADLs. Most of them will decline your application for a first-day coverage plan if you need help with daily living activities.

Your only option to get life insurance coverage will be to get a guaranteed issue or guaranteed acceptance policies. These plans accept everyone regardless of their medical condition because they don’t check medical history.

Guaranteed issue burial insurance is a bit more expensive than the level death benefit, and it has a two-year waiting period. You also need to live for two years before your beneficiary can receive your full death benefit if you pass away from the natural cause.

If you die during the waiting period, your beneficiary will receive the full refund of all the premiums paid plus 10% interest.

Best Option: Guaranteed issue burial insurance


HOME HEALTH CARE

Needing home health care is identical to needing help with activities of daily living. Every burial and final expense company will ask about this in their health questions.

If you need permanent home health care, you will qualify for guaranteed issue life insurance with a two-year waiting period.

Best Option: Guaranteed issue burial insurance


WHEELCHAIR USE

Many multiple sclerosis patients may need a wheelchair or scooter for mobility.

Most burial insurance companies ask about wheelchair use. If you become wheelchair-bound you will be flat out declined for a first-day coverage plan.

You will only qualify for guaranteed issue life insurance.

Best Option: Guaranteed issue burial insurance


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 $100,000 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 HAVE MULTIPLE SCLEROSIS, 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 with multiple sclerosis.

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 IF YOU HAVE MULTIPLE SCLEROSIS

Burial insurance companies perform underwriting to assess your level of risk.

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

Burial insurance companies ask about multiple sclerosis in different ways. Sometimes you won’t see the word multiple sclerosis in the health questions;  instead, they may use the term neuromuscular disease.

Here are some of the most common ways you can see MS asked in the health questions:

  • Within the past 24 months have you been medically diagnosed or treated for any neuromuscular disease, cerebral palsy, multiple sclerosis, or Parkinson’s disease?
  • During the past 24 months have you been diagnosed or been treated for neuromuscular disease including multiple sclerosis, Lou Gehrig’s disease, and Parkinson’s disease?
  • Have you ever had, or been diagnosed with, or received or been advised to receive treatment or medication for multiple sclerosis, Parkinson’s disease, or systemic lupus?

You must honestly answer yes to the multiple sclerosis questions if you’ve been diagnosed or being treated for this condition.


PRESCRIPTION HISTORY CHECK

Burial insurance companies will electronically check your prescription history to validate your answers to the health questions.

Here’s a list of common multiple sclerosis medications:

  • Aubagio
  • Avonex
  • Betaseron
  • Copaxone
  • Extavia
  • Gilenya
  • Novantrone
  • Rebif
  • Tecfidera
  • Tysabri

If you are taking any of these medications, you will be classified as MS patient even if you answer “no” to their health questions.

Do you have other medical conditions other than multiple sclerosis? Check your eligibility here:

MEDICAL CONDITIONS 
AFIB1st-day Coverage

CancerOver 2 years = First day coverage
Under 2 years = Hybrid coverage
Cholesterol1st-day Coverage
Congestive Heart FailureHybrid Coverage
COPDPossible 1st-day coverage if no oxygen or smoking
Dementia2-year wait only
Diabetes1st-day Coverage
Dialysis2-year wait only
Heart AttackOver 2 years = 1st-day coverage
Under 2 years - Hybrid coverage
Heart SurgeryOver 2 years = 1st-day coverage
Under 2 years - 2 year wait
High Blood Pressure1st-day Coverage
Hospice2-year wait
Liver DiseaseHybrid Coverage
Neuropathy1st-day Coverage
Nitroglycerin UseHybrid Coverage
Nursing home2-year wait only
StrokeOver 2 years = 1st day coverage
Under 2 years - Hybrid coverage
Terminal Illness2-year wait only
Oxygen UseHybrid coverage in no 24 hour oxygen use
Wheelchair UseHybrid Coverage


HOW MUCH INSURANCE DO I NEED IF I HAVE MULTIPLE SCLEROSIS?

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


MULTIPLE SCLEROSIS 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 HAVE MULTIPLE SCLEROSIS

When applying for final expense insurance or burial insurance coverage with multiple sclerosis, it’s crucial that you provide us as much information as possible. This information will help us better understand your condition and help us to provide you with an accurate quote.

Here are some questions we may ask you about your MS:

  • When were you diagnosed with multiple sclerosis?
  • How old were you when you were diagnosed with MS?
  • What was the date of your most recent attack or seizure?
  • What treatments have you undergone for your condition?
  • What medications are you taking for your disease?
  • Are you actively working or are you on disability?
  • Do you require the use of any kind of canes, walker, braces, wheelchair, or scooter for mobility?
  • Do you need help with daily living activities such as eating, bathing, dressing, toileting, transferring, and continence?

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 MY APPLICATION WAS DECLINED?

Declined applications for level coverage happen when you use an inexperienced agent or when you haven’t been honest about your medications and health history.  They also happen with severe cases of multiple sclerosis.

If you have moderate MS, you won’t have difficulty obtaining life insurance. The only reason you’ll be declined is if you have other significant health conditions affecting your overall health.

If you are healthy and you have been declined, chances are you or your agent applied with the wrong company.

The truth is that if you are not shopping with the right companies, then you are going to be declined. That is why working with an independent agency like Funeral Funds that has access to multiple life insurance companies will get you approved with better rates.


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 WITH MULTIPLE SCLEROSIS

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

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

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 a policy with multiple sclerosis 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 searching for multiple insurance companies anymore 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 multiple sclerosis funeral insurance, multiple sclerosis burial insurance, or multiple sclerosis 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 With Multiple Sclerosis Infographics

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