Burial Insurance With Pre-existing Condition

Finding burial insurance with a pre-existing condition is possible. In fact, the majority of all health conditions we get as we get older are accepted by most life insurance companies.

Regardless of your pre-existing medical conditions or how poor your health is, there are life insurance options open for you.

This article is your comprehensive guide to burial insurance with a pre-existing condition. Click on the link to read more about each medical condition and how you can find affordable insurance coverage.

FOR EASIER NAVIGATION:


WHAT IS MY BEST INSURANCE OPTION IF I HAVE A PRE-EXISTING CONDITION?

 MOST COMMON PRE-EXISTING CONDITIONS

Most pre-existing conditions will qualify for level death benefit with a first-day coverage.

With first-day coverage, you will be covered from day one, and your beneficiaries will receive the full death benefit if you die for any reason.

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


MORE SIGNIFICANT PRE-EXISTING CONDITIONS

If you have a more serious pre-existing condition, you will have other coverage options

Depending on the health condition, you may not qualify for a first-day coverage plan if you have:

  • Terminal illness (your life expectancy is 24 months or less)
  • You have cancer within the last 24 months
  • End-stage kidney disease requiring dialysis
  • Diagnosed with AIDS or HIV
  • Alzheimer’s or dementia
  • Congestive heart failure (CHF)
  • Heart attack within the previous 12 months
  • A circulatory surgery within the previous 12 months
  • Full blown stroke (TIA mini-strokes do not count) within the previous 12 months
  • Diabetic coma or insulin shock within the last 24 months
  • Amputation due to diabetes
  • Angina (chest pain) within the last 12 months
  • Had a heart surgery within the previous 12 months
  • Been recommended to have or had an organ transplant
  • Oxygen use (only OK for sleep apnea)
  • Currently in the hospital, skilled nursing facility, or hospice care
  • Confined to a wheelchair or bed because of chronic illness
  • Needing assistance with any activities of daily living such as eating, bathing, dressing, transferring and continence

If you have any of the pre-existing conditions above, you will only qualify for guaranteed issue burial insurance.

You are not required to take a medical exam or answer any health questions to qualify. You will be approved for coverage regardless of your pre-existing medical condition.

Additionally, guaranteed issue policies have a two-year waiting period where your beneficiary will not receive the full death benefit payout if you pass away from natural causes during this period. However, you will be fully covered for accidental death.

If you die from a natural cause such as a consequence of an illness during the two-year waiting period, your beneficiary will only receive all the premiums you paid into the policy plus 7-10% interest depending on the insurance company.

Best Option: Guaranteed issue whole life insurance


WHAT IS A PRE-EXISTING MEDICAL CONDITION?

A pre-existing medical condition is a health problem that is present before you apply for a policy. There are different policies available for people with certain health or medical conditions.

A pre-existing medical condition can take many forms.

Your condition can be treatable, or it could be terminal. Your condition could be with you since birth, or you may just be recently diagnosed.

A wide range of health issues can be considered a pre-existing medical condition, and it can either increase your premium or cause you not to qualify for coverage.

Below you will find different pre-existing conditions listed in alphabetical order. Click on the link to better understand your insurance options.

If you have a pre-existing condition and want to purchase a new insurance policy, it’s important to know what types of plans you will qualify for and what your pricing will be.


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 A PRE-EXISTING CONDITION, 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 pre-existing conditions.

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 A PRE-EXISTING CONDITION

Every life insurance company will assess your health to determine 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.


ANSWERS TO HEALTH QUESTIONS

When you want to apply for burial insurance with a pre-existing condition, your answers to the health questions will determine what plans you will qualify for and how much your premium will be.

Expect to see these health questions on the burial insurance application:

  • Are you currently hospitalized, in a nursing facility, confined to a bed, or receiving hospice care?
  • Do you have a terminal illness like cancer that may cause you to die within 24 months?
  • Are you currently using oxygen for any lung or respiratory disorder?
  • Have you been diagnosed or been treated for HIV or AIDS?
  • Do you need help with activities of daily living like eating, bathing, dressing, toileting, transferring or continence?
  • Within the last 24 months, have you been diagnosed or treated by a doctor or had surgery for any of the following: health attack, heart blockage, heart valve disorder, stroke or transient ischemic attack?

Different companies use different wording on their questions. They also have a different look-back period to medical conditions.

For example, you have high cholesterol or high blood pressure. You will never see any burial insurance companies ask about either of them. They don’t ask about high cholesterol or high blood pressure because they will still approve you for their best rates and first-day coverage with either of these health conditions.

If you have a more serious medical condition like cancer, some insurance companies may ask if you have a diagnosis or cancer treatment in the previous four years, while others will ask if you’ve been diagnosed with cancer in the past two years only. If you have a history of cancer, look for a company offering burial insurance for cancer patients with a shorter look-back period.

It is important to note that if a burial insurance company does not ask about a specific pre-existing condition, it means they are accepting of it and will approve you for first-day coverage. The same principle applies to any other health issue.


PRESCRIPTION HISTORY CHECK

Every final expense company will perform a prescription history check. They will look at all the prescription medications you’ve been taking in the past few years.

They do this to verify your answers to the health questionnaire. If you say NO to the diabetes question, but the insurance company sees that you are taking Metformin, they will know that you are not honest.

Every medication you take gives the company a better understanding of any underlying medical conditions. If they see a prescription, they will assume that you are taking meds to treat the condition it is intended to cure.

Even if you answer no to the health question if you’re taking drugs for it, they will expect you to have pre-existing health or medical conditions.

Every insurance company has a different set of prescription medications that they will or won’t accept. One company may deny you coverage for taking Heparin (a blood thinner), while another will accept your application.


HOW LIFE INSURANCE COMPANIES VIEW PRE-EXISTING MEDICAL CONDITIONS

Insurance companies will assess your medical condition according to the seriousness of your pre-existing condition and your risk of dying prematurely. The worse your health is, the less likely the insurance company will offer you the lowest-priced life insurance coverage.

The type of plan you will qualify, and your insurance premium will be based on your level of risk.

While some companies would deny you coverage because of your medical or health condition, some companies may have more experience with high-risk health conditions, and they will offer affordable protection.


HOW MUCH INSURANCE DO I NEED IF I HAVE A PRE-EXISTING CONDITION?

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


PRE-EXISTING CONDITION 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


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 PRE-EXISTING CONDITION

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

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

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.


WHAT IF I HAVE BEEN DECLINED BECAUSE OF MY PRE-EXISTING CONDITION?

If you have been declined for life insurance coverage, don’t give up hope.

All too often, the company you applied with is not the right company for you. We could help you get approved for life insurance coverage. We can shop your case at multiple life insurance companies to get the best plan for your needs.

If you are considered uninsurable because of your pre-existing condition, we can get you a guaranteed issue life insurance plan. This plan does not require a medical exam or health questions.

You will be approved for coverage regardless of your pre-existing medical condition.


HOW CAN FUNERAL FUNDS HELP ME?

Trying to find a policy if you have breast cancer 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 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 breast cancer funeral insurance, or breast cancer burial insurance, or breast cancer life insurance. 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 A Pre-Existing Condition Infographics

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