Burial Insurance With An Organ Transplant

You can be eligible for burial life insurance coverage with an organ transplant through a few select companies.

It is important to mention that it is impossible to qualify for a plan with first-day coverage because of the extremely high risks involved with your organ transplant.

In this article, you will share how the burial insurance companies view people with organ transplants, what your options are, and how you can purchase the best burial insurance policy.

FOR EASIER NAVIGATION:


WHAT IS MY BEST INSURANCE OPTION IF I HAVE A HISTORY OF ORGAN TRANSPLANT?

The time that passed after your organ transplant is the most critical issue with most burial insurance companies. It is the deciding factor that will determine what plan you will qualify for and your premium.


YOUR ORGAN TRANSPLANT WAS OVER 2 YEARS

Insurance companies offering coverage for organ transplant patients have a two-year look-back period on organ transplant because they want to see if the surgery was successful or there are any complications from your organ transplant.

If your organ transplant was over two years, you have the best option available. Burial insurance companies will offer you 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


YOUR ORGAN TRANSPLANT WAS LESS THAN TWO YEARS AGO

If your organ transplant was less than two years ago, you still have an option.

You will qualify for guaranteed issue burial insurance no matter what kind of organ transplant you have.

Guaranteed issue burial insurance policies do not have health questions, and they do not check your medical history in any way. Your approval is guaranteed even if your organ transplant is very recent.

Best Option: Guaranteed issue burial insurance


THE DRAWBACKS OF GUARANTEED ISSUE LIFE INSURANCE

The biggest drawback for organ transplant patients when you buy a guaranteed issue life insurance is that there is no immediate coverage (other than accidental death coverage with some insurance companies). When you take out this plan, you will be approved for coverage, but there is a two-year waiting period sometimes three.

If you die during the waiting period, only the premiums you paid plus interest will be paid to your beneficiary. If your monthly premium is $50 and you died in the first year, 50 times 12 is $600 plus 10% interest. It would be $660 paid to your beneficiary.

You will also typically pay 15 to 40% more on your policy because of the additional risk the life insurance carrier takes for approving your policy without asking for your medical condition. You can technically be near your death bed when you purchase your policy, and the life insurance carrier will not know about it.

Another drawback is the limited death benefit you can purchase. Guaranteed issue life insurance coverage maxes out at $25,000. If you’re planning to buy a life insurance policy to cover the balance on your mortgage or to pay for the education of your children this plan will not work for you.


WHY WOULD IT STILL MAKE SENSE TO BUY A GUARANTEED ISSUE LIFE INSURANCE?

The only situation where we recommend guaranteed issue life insurance is when you cannot qualify for a policy with health questions because of a significant medical condition.

If you have had an organ transplant, this is the only option for you to get coverage. Organ transplant patients will never qualify for a first-day benefit plan if it’s very recent (less than 2 years). Remember, having some coverage is better than nothing.

With the right plan, you will have full coverage after two years. Even if your health worsens, you already have coverage!

Buying a guaranteed issue life insurance make sense if you have had an organ transplant. When you look at the bigger picture, and you will see that even with a waiting period, guaranteed issue life insurance is a great financial solution for your loved ones.


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 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 AN ORGAN TRANSPLANT, 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 an organ transplant.

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 AN ORGAN TRANSPLANT

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:

Every burial insurance carrier will ask about organ transplant in the following way, or something very similar to this:

  • Have you EVER received or been advised to receive an organ transplant?
  • Has the proposed insured ever been recommended for an organ transplant?
  • Have you ever received or been given medical advice by a medical professional you need to receive an organ or tissue transplant?

Some carriers might tie a specific period of time to their questions like this:

  • Within the last 24 months, have you ever received or been advised to receive an organ transplant?

Most life insurance carriers ask these questions in the “knockout” section. If you answer a question with a “yes” in a knockout section, you are not eligible for coverage with that plan.

Organ transplants are risky surgical procedures that the insurance companies know can result in premature death.

Here are the most often transplanted organs:

If you have had an organ transplant, you need to answer “yes” to the health questionnaire.


PRESCIPTION HISTORY CHECK

An organ transplant patient will be prescribed immunosuppressant drugs. The immunosuppressant drugs suppress the body’s ability to attack or fight against itself. These anti-rejection drugs work in different phases to minimize side effects and produce effective immunosuppression.

Here’s a list of organ transplant medications:

  • Azathioprine
  • Basiliximab
  • Belatacept
  • Cyclosporine
  • Daclizumab
  • Muromonab-CD3
  • Mycophenolate Mofetil
  • Mycophenolate Sodium
  • Mycophenolic Acid
  • Prednisone
  • Sirolimus
  • Tacrolimus

Certain immunosuppressant drugs raise a red flag to life insurance companies. If you are taking any of these drugs, you will be flagged as an organ transplant patient and considered to be a high-risk applicant.


HOW MUCH INSURANCE DO I NEED IF I HAVE AN ORGAN TRANSPLANT?

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


ORGAN TRANSPLANT 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


THE BEST GUARANTEED ISSUE LIFE INSURANCE POLICY

The best-guaranteed issue life insurance policy will not make you wait more than two years to take effect. Some plans have THREE or even FOUR-year waiting periods. It’s insane! Avoid these plans at all costs.

With guaranteed issue life insurance the coverage comes into effect in two years. It is the shortest period possible before your coverage is in full effect. You don’t have to wait for more than that.

Your application will be easy because there are no medical exam or health questions. Guaranteed issue life insurance has a two-year waiting period, if you die in the first two years as a consequence of your organ transplant, you will get your premiums back plus 10% interest.


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 AN ORGAN TRANSPLANT

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

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

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 burial insurance with organ transplants 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 need not waste your precious time anymore searching for multiple insurance companies 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 organ transplant funeral insurance, or organ transplant burial insurance, or organ transplant 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 An Organ Transplant Infographics

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