Burial Insurance with Retinopathy

Woman Thinking About Buying Burial Insurance with Retinopathy

Having diabetic complications will not prevent you from qualifying for burial insurance with retinopathy. In fact, there are some affordable insurance options for you if you have this condition.

The type of plan you will qualify for will depend on how long you have diabetic retinopathy.

If you or someone you love suffer from diabetic retinopathy, keep reading because we will discuss your options in this article so that you can find affordable coverage with diabetic retinopathy.

FOR EASIER NAVIGATION:


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

YOU WERE DIAGNOSED WITH RETINOPATHY LONGER THAN TWO YEARS

Most life insurance companies only ask about retinopathy in the last 24 months.

If your diabetic retinopathy diagnosis occurred more than two years ago, you would have the best options to choose from. Thankfully, there are a select few final expense insurance companies that offer a level death benefit plan with first-day full coverage. This is burial insurance with no waiting period.

The best thing about a level death benefit plan is full coverage from the very first day. Your beneficiary will receive your total death benefit when you pass away from the minute you are approved.

Best Option: Level Death Benefit Plan


LESS THAN 2 YEARS SINCE DIAGNOSIS

If your retinopathy diagnosis is less than two years, most 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


OTHER FACTORS THAT MAY AFFECT ELIGIBILITY

If your retinopathy progressed to blindness, you might require home health care or help in performing different activities of daily living.

Most life insurance companies will typically ask these questions:

  • Are you currently receiving home health care?
  • Do you require assistance from anybody with activities of daily living such as eating, bathing, dressing, toileting, transferring, or continence?

You’ll find these health questions in the “knockout section” of the application.


NEEDING HELP WITH ACTIVITIES OF DAILY LIVING

Some diabetes patients may become blind due to retinopathy and may need help with activities of daily living. ADLs include eating, bathing, dressing, toileting, transferring, and continence.

Every life insurance company with underwriting will ask if you need help with ADL in their knockout section.

If you can perform these activities independently, then your retinopathy will have little to no effect on your burial insurance eligibility.

However, if you need help with any of the ADLs, then your options are limited.

Most life insurance companies will decline anyone who needs help with activities of daily living if you are in this situation; your best choice for insurance coverage is a guaranteed issue burial insurance.

Best Option: Guaranteed issue burial insurance


HOME HEALTH CARE

Every life insurance company asks about home health care, just like the activities of daily living.

Some diabetes patients with retinopathy may require home health care when their retinopathy progressed to blindness. If this is your condition, it would be best to take out a guaranteed issue burial 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 $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 RETINOPATHY, 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 retinopathy.

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!


UNDERWRITING BURIAL INSURANCE WITH RETINOPATHY

Underwriting is a process by insurance companies to determine how risky you are to insure.

They use different methods of underwriting, including:

  1. Asking health questions on the application
  2. Checking your prescription history

Guaranteed issue life insurance does not have any form of underwriting.

Guaranteed issue life insurance is uniquely designed to approve people with severe medical conditions. It guarantees approval to all applicants that will pass the age requirement. However, this plan is a bit more expensive than insurance plans with underwriting.

All other final expense policies ask health questions that will be used to help determine your eligibility and pricing.


HEALTH QUESTIONS

Burial insurance plans with underwriting ask health questions on the application. You must answer these questions to qualify for coverage.

Every burial insurance company asks a different set of health questions.

Here are some common ways diabetic retinopathy is asked in the health questions:

  • In the past two years, have you been diagnosed, treated, tested positive for, taken medications or been prescribed medications for, or been advised by a licensed physician or other health care provider for Insulin shock, diabetic coma, eye or kidney problems due to complications from diabetes?
  • In the previous 24 months, have you been medically diagnosed or treated for diabetes or uncontrolled diabetes or diabetes complications, including circulation, amputation, coma, insulin shock numbness, eye or kidney disorder?
  • Within the previous two years have you had, or been diagnosed or advised to receive treatment or medication for diabetic complications such as insulin shock, diabetic coma, neuropathy (nerve, circulatory) retinopathy (eye), or nephropathy (kidney).

You will notice that there is a time frame tied to the health questions.

Your time of diagnosis with retinopathy will determine what life insurance plans are open for you and how much premium you will pay.

Burial insurance companies only ask about medical conditions they care about. If you don’t see retinopathy in the health questionnaire, that means the company is okay with it, and they will approve your application even if you have this condition.


PRESCRIPTION HISTORY CHECK

There are no specific prescription medications that would indicate retinopathy.

Some of the prescription medications for retinopathy include:

  • Eylea
  • Lucentis
  • Ranibizumab
  • Aflibercept

If you are taking any of these drugs, it will not affect your eligibility for burial insurance. These prescription medications are not a red flag to most life insurance companies.


THE EFFECT OF RETINOPATHY ON LIFE INSURANCE ELIGIBILITY

Retinopathy is a diabetic complication that affects the eyes. This condition is caused by damage to the blood vessel of the retina or the light-sensitive tissue at the back of the eyes. It usually affects both eyes.

Retinopathy can develop in people with type 1 or type 2 diabetes. The longer you have diabetes with less controlled blood sugar, the more likely you will develop this eye complication.

Don’t let retinopathy discourage you from trying to purchase affordable burial insurance. You can be eligible for life insurance even with diabetic retinopathy or blindness.

Having diabetic complications like retinopathy does put you in a higher risk category. Some life insurance companies don’t want to deal with this kind of risk. However, we have some insurers that accept this kind of condition.

The time since your retinopathy diagnosis will affect the type of plan you will qualify for and the amount you’re going to pay.


HOW MUCH INSURANCE DO I NEED IF I HAVE RETINOPATHY?

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


RETINOPATHY 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


WHAT IF YOU’RE DECLINED FOR LIFE INSURANCE DUE TO RETINOPATHY?

If you are declined for first-day coverage due to retinopathy and blindness, don’t get discouraged and think that you can’t get affordable life insurance with a different company.

We can get you approved for coverage in some select life insurance companies that do not ask about diabetic retinopathy as long as you don’t have other health issues that will prevent you from qualifying with them.

Even if you aren’t eligible with some companies, you can purchase a guaranteed issue burial insurance policy.

We recommend a 2-year waiting period policy option as a last resort because GI policy is the most expensive form of coverage. You are guaranteed coverage, and whatever happens in the future, your family is protected.

When applying for burial insurance with diabetic retinopathy, it’s best to work with an independent life insurance agency like Funeral Funds. We know the underwriting guidelines of many companies, and we can get you the lowest rate.


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 RETINOPATHY

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

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

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 retinopathy 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 to get the best rate. We will 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 retinopathy funeral insurance, or retinopathy burial insurance, or retinopathy life insurance.

Fill out our quote form on this page or call us at 888) 862-9456, and we can give an instant online life insurance quote.

RELATED POSTS:

Call Now ButtonCALL NOW (888) 862-9456