Burial Insurance with Diabetic Neuropathy

Getting burial insurance with diabetic neuropathy can be frustrating at times especially if you have been declined in the past. But, don’t let the effects of diabetic neuropathy discourage you from trying to get affordable life insurance.

Having a history of diabetic neuropathy will not prevent you from being approved for coverage at an affordable rate.

In this article, we are going to explore how companies respond to this medical condition, what are your options, and how you can find coverage with diabetic neuropathy.

FOR EASIER NAVIGATION:

WHAT IS MY BEST INSURANCE OPTION IF I HAVE A HISTORY OF DIABETIC NEUROPATHY?

Most life insurance companies will ask about diabetic neuropathy in the last two years.

CURRENTLY DIAGNOSED WITH DIABETIC NEUROPATHY

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

If you currently have diabetic neuropathy or have had it in the past, there are some insurance companies that will offer you a level death benefit plan with first-day coverage. This coverage also comes with the lowest rate possible and no waiting period.


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 $30,000 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 PLANFEATURES
1st Day CoverageYES
Lifetime CoverageYES
Rates NEVER IncreaseYES
Coverage NEVER DecreasesYES
Easy To Get ApprovedYES
FUNERAL FUNDS INSURANCE BENEFITS 
Rates Never IncreaseYes
Coverage Never DecreasesYes
No Medical ExamYes
Same Day ApprovalYes
Death Claims Pay FastYes
Builds cash valueYes
Coverage Up To Age 121 Yes

IF I HAVE DIABETIC NEUROPATHY, 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 diabetic neuropathy.

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 DIABETIC NEUROPATHY

Burial insurance companies have two ways of underwriting.

FIRST – They ask you a series of health questions. Your answers to their questions will determine your eligibility.

SECOND – They will electronically review your prescription history. Your diabetes medications will give them a clear picture of your current and past medical treatments.


HEALTH QUESTIONS:

Types of diabetic neuropathy the insurance companies want to know about:

  • Peripheral Neuropathy
  • Autonomic Neuropathy
  • Proximal Neuropathy
  • Focal Neuropathy

Here are some examples of how burial companies ask about diabetic coma in their health questions:

  • Have you been diagnosed as having diabetic neuropathy, insulin shock, diabetic amputation, or taken insulin shots prior to age 50?
  • Have you been diagnosed with diabetes prior to age 30 or have you ever been treated for a diabetic coma, insulin shock, or diabetic neuropathy?
  • Within the past 2 years have you had or received treatment for diabetic neuropathy, insulin shock, retinopathy, nephropathy?

If you have diabetic neuropathy, you need to answer “yes” to the diabetic neuropathy question on the application.


PRESCRIPTION HISTORY CHECK:

If you have diabetic neuropathy, the insurance companies will be on the lookout for certain medications. If you are taking these prescriptions, you will be considered as someone with neuropathy although; most of these prescription medicines are also used to treat other health conditions in addition to neuropathy.

The following medications will flag you as having diabetic neuropathy:

  • Carbamazepine
  • Carbatrol
  • Depacon
  • Depakene
  • Epitol
  • Gabapentin
  • Glyburide
  • Glipizide
  • Lamictal
  • Lamotrigine
  • Lyrica
  • Neurotin
  • Tegretol
  • Valproic Acid

Prescription medications can tell the health status of a person. And, if you have diabetic neuropathy, these medications will flag you as having this condition.

If you have diabetes and you are on these medications, don’t worry. You can still be eligible for affordable burial insurance.


HOW MUCH INSURANCE DO I NEED IF I HAVE DIABETIC NEUROPATHY?

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


DIABETIC NEUROPATHY 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 DIABETIC NEUROPATHY

When applying for final expense insurance with diabetic neuropathy, it is important to provide us much information as possible.

We will ask you a series of health questions to get a better idea of your condition. These questions include:

  • When do you start using insulin?
  • Are you using oral medications?
  • Are there any new medications added in the past 12 months?
  • Have you ever experienced a diabetic coma?
  • Have you experienced insulin shock?

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.


HOW TO GET THE BEST BURIAL INSURANCE RATES FOR DIABETIC NEUROPATHY PATIENTS?

Not all burial insurance companies will accept diabetic neuropathy or other diabetic complications like nephropathy, insulin shock, diabetic coma, and diabetic amputation but working with an independent agency like Funeral Funds will let you find affordable coverage.

An experienced independent life insurance agency like Funeral Funds can get you the best burial insurance rates for diabetic neuropathy. We will locate the best insurance carrier which understands your medical condition and will issue first-day coverage.

The main advantage of Funeral Funds is our ability to compare policies and offers across multiple insurance companies. We can shop the market for you because we have insider knowledge of which companies will accept you and offer first-day coverage with the lowest 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 DIABETIC NEUROPATHY

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

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

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 if you have diabetic neuropathy can be a frustrating process, but working with an independent agency like Funeral Funds will make the process easier and quicker.

You don’t need to waste your precious time searching for different insurance companies; we will do the work for you. We can shop your case to different companies to get your application approved.

Here at Funeral Funds, we are the final expense insurance specialist for people with a history of diabetic neuropathy.

We work with many A-rated insurance companies that specialize in high-risk clients. We will search those companies to give you the best rate ever. We’ll match you up with your best burial insurance option.

We will assist you in securing the coverage you need at a rate you can afford. So, if you are looking for burial insurance for family members with diabetic neuropathy, 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 burial insurance quote.

Funeral Insurance, Final Expense Insurance, Burial Insurance With Diabetic Neuropathy Infographic

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