Burial Insurance with Parkinson’s Disease

Getting affordable burial insurance with Parkinson’s disease or any other pre-existing condition generally depends on the severity of your condition and how well you manage it.

Whatever stage you are in your Parkinson’s disease, there are affordable options open for you.

In this article, we will explore how insurance companies underwrite people with Parkinson’s disease and how to get the best burial insurance plan with asthma at the lowest pricing.

FOR EASIER NAVIGATION:


WHAT IS MY BEST INSURANCE OPTION IF I HAVE A HISTORY OF PARKINSON’S DISEASE?

While it is entirely possible to get burial insurance for Parkinson’s patients, the type of policies available for patients depends on the severity of the disease.

PARKINSON’S DISEASE STAGE 1 & 2

In the early stages of the disease stage 1 (unilateral involvement) and stage 2 (bilateral involvement but normal stance) you can qualify for a level death benefit plan if you do not have any other medical conditions that may prevent you from qualifying.

You are instantly covered from day one. Your beneficiaries will get the full death benefit when you pass away.

If you’re just recently diagnosed with Parkinson’s disease do not delay, apply now while you are still independent and do not need help with activities of daily living.

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


PARKINSON’S DISEASE STAGE 3

Parkinson’s patients in Stage 3 (with bilateral involvement with mild postural imbalance but able to lead an independent life) but their symptoms impair activities such as needing help taking medicines or dressing, your best option for coverage is a first-day benefit plan.

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

Best Option: First-day coverage plan


PARKINSON’S DISEASE STAGE 4 & 5

Parkinson’s patients in Stage 4 (with bilateral involvement with postural instability, requires help with activities of daily living) and Stage 5 (severe condition, restricted to bed or wheelchair) are considered in the most advanced and debilitating stage of the disease.

If this is your condition, you will only qualify for a guaranteed issue burial insurance. It is the final type of burial insurance for Parkinson’s patients in the advanced stage.

This type of policy does not require a medical exam or ask any health questions. All guaranteed issue life insurance offers a return of premium plus interest which is 8-10% in the first two years. If you pass away from a natural cause during the first two years of the policy, your beneficiary will get all the premiums that you paid in, plus 8-10% interest.

Best Option: Guaranteed issue burial insurance


ASSISTANCE WITH ACTIVITIES OF DAILY LIVING

Insurance companies define assistance with activities of daily living (ADL) as needing help with the following:

  • Eating
  • Bathing
  • Dressing
  • Toileting
  • Transferring
  • Continence

Every life insurance company will ask if you need help with ADL’s. If you are in the late stage of Parkinson’s disease, you will definitely need help in performing daily living activities because your condition gets worse.

Most burial insurance companies decline anyone who needs help with activities of daily living for a first-day coverage plan.

Needing help with and ADL’s will only qualify you for guaranteed issue burial insurance

Best Option: Guaranteed issue burial insurance


HOME HEALTH CARE

Every burial insurance company will ask about home health care just like with activities of daily living. There is only one carrier which does not care about home health care.

If you can’t qualify with them because of other medical condition, your best option is to take a guaranteed issue policy.

Most people with Parkinson’s disease require permanent home health care during the late stage of the disease. If this is your situation, it would be best to take out a guaranteed issue policy.

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 PARKINSON’S DISEASE, 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 Parkinson’s disease.

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 PARKINSON’S DISEASE

“Underwriting” is the insurance companies’ way of researcing 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:

Every final expense companies with underwriting ask about Parkinson’s disease in different ways, and sometimes you won’t see the words “Parkinson’s disease” in the health questions.

You will typically see Parkinson’s disease asked this way:

  • Within the past 24 months have you been medically diagnosed or treated for any neuromuscular disease, Parkinson’s disease, cerebral palsy, or multiple sclerosis?
  • During the past 24 months, has the Proposed Insured been diagnosed by a physician as having, or been treated for: neuromuscular disease (including Multiple Sclerosis, Lou Gehrig’s Disease, Epilepsy, and Parkinson’s Disease)?
  • Have you ever had, or been diagnosed with, or received or been advised to receive treatment or medication for Parkinson’s disease or Systemic Lupus?

If you are diagnosed with Parkinson’s disease and receiving treatment, you need to answer yes to Parkinson’s disease question.


PRESCRIPTION HISTORY CHECK:

Burial insurance companies will also electronically review your prescription history to check if you are being treated for any illnesses.

Here are the common medications flagged for Parkinson’s disease:

  • Amantadine
  • Apomorphine
  • Benztropine
  • Carbidopa
  • Entacapone
  • Levodopa
  • Lodosyn
  • Pramipexole
  • Rasagiline
  • Ropinirole
  • Rotigotine
  • Safinamide
  • Selegiline
  • Sinemet
  • Symmetrel
  • Tolcapone
  • Trihexyphenidyl

The presence of these drugs on your script check or prescription history will make the insurance companies treat you as having treatment for Parkinson’s disease (even if you answered no to the Parkinson’s health question).

The appearance of these drugs on your prescription history clearly indicates that you are being treated for Parkinson’s disease.


HOW MUCH INSURANCE DO I NEED IF I HAVE PARKINSON’S DISEASE?

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


PARKINSON’S DISEASE 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 PARKINSON’S DISEASE

When applying for burial insurance coverage with Parkinson’s disease, it is crucial that you provide as much information as possible. Not only will the information help us understand your health better but it will also help us provide you with an accurate quote.

We will ask you a series of health questions to get a better idea of your overall health.

These questions include:

  1. When were you initially diagnosed with Parkinson’s disease?
  2. How do you treat your Parkinson’s disease?
  3. What prescription medication do you take for your condition?
  4. Do you live independently?
  5. Do you need assistance in performing activities of daily living such as eating, bathing, dressing, toileting, transferring, and continence?
  6. Do you have other health conditions other than Parkinson’s disease?

It is essential to be completely honest when you answer these questions. The more information you give us, the better we will be able to match you with the right company.


WHAT IF I HAVE BEEN DECLINED FOR LIFE INSURANCE?

Many people with Parkinson’s disease that come to us have been declined at least once.

If your application had been declined in the past, don’t think that you can’t get an affordable life insurance plan through a different company. One of the biggest mistakes that you can make is to avoid getting covered because of your medical condition.

The truth is if you or your agent did not choose the right company, you will be declined. That is why working with an independent insurance agency that knows the ins and outs of life insurance is critical.

This is also why working with an independent agency like Funeral Funds will always get you the best rates.

If you cannot qualify for a plan that has immediate coverage, we will help you find the best life insurance company.

Funeral Funds specializes in helping people that are placed in the higher risk category. So, whether you have Parkinson’s disease or any other high-risk life insurance, we work with the best carriers that offer the best 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 PARKINSON’S DISEASE

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

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

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 a Parkinson’s disease 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 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 Parkinson’s disease funeral insurance, or burial insurance with Parkinson’s disease, or Parkinson’s 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.

Funeral Insurance, Final Expense Insurance, Burial Insurance With Parkinson's Disease Infographics

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