You might think that obtaining burial insurance after a stroke can be difficult. Stroke is one of the leading causes of death in the U.S. A stroke is a serious medical event and can cause serious health issues. That’s why insurance companies are more careful when offering insurance to people who have had strokes.
Some people will tell you that you cannot get burial insurance with a stroke in your medical history, In fact, there are burial insurance companies that are very open in accepting applicants who had a stroke.
We have helped many stroke applicants get approved for affordable burial insurance after a stroke, and we can help you too.
If you or someone you love had a stroke, then you need to read this article. We will reveal what insurance companies did when you had a stroke, what your options will be, and how to find affordable burial insurance after a stroke.
WHY DO THE INSURANCE COMPANIES CARE ABOUT A STROKE?
A stroke also called “brain attack” occurs when blood flow to a part of in your brain is cut off by a blockage or the rupture of a blood vessel. Cerebrovascular accident or (CVA) is the medical term for a stroke.
The brain cells become deprived of oxygen and glucose die. If a stroke is not caught early it can result in permanent brain damage or even death.
The insurance companies will want to know about these types of strokes:
This is the most common type of stroke. About 80% of all strokes are ischemic.
It is similar to a heart attack, but it occurs in the blood vessels of the brain. A blood vessel carrying blood to the brain is blocked by a blood clot which prevents blood and oxygen from reaching the brain.
Ischemic stroke can also occur when there is too much plaque or fatty deposits, and cholesterol clogs the brain’s blood vessels.
This transpires when a weakened blood vessel in the brain breaks or ruptures.
The blood seeps into the brain tissues and causes damage to brain cells. The most common causes of a hemorrhagic store are brain aneurysm, arteriovenous malformation, and high blood pressure. An aneurysm is thinness in the blood vessel wall.
Transient Ischemic Attacks (TIA)
Also referred to as a mini-stroke, this occurs when blood flow to the part of the brain stops for a short period of time.
After that normal blood flow resumes the symptoms cease. TIA can mimic stroke-like symptoms because the blood flow fails to reach part of the brain. These symptoms can appear and last less than 24 hours before disappearing.
While less significant than a full stroke, it is still a risk because it can be a precursor to the full stroke.
Strokes are a significant health concern that may shorten lives and predispose stroke sufferers to other serious health complications.
According to the Centers for Disease Control and Prevention
- About 795,000 strokes occur in the U.S. every year. About 610,000 are new stroke cases while 185,000 are recurrent strokes.
- About 140,000 Americans die from stroke each year, making stroke the fifth leading cause of death in the county.
- A stroke happens every 40 seconds and one person dies from a stroke every four minutes.
- Stroke cause disability, it reduces mobility in more than half of stroke survivors 65 years and older.
- Stroke cost the country $34 billion annually from lost productivity, cost of health care and medications.
CAN YOU QUALIFY FOR BURIAL INSURANCE AFTER A STROKE
YES, you can qualify for burial insurance after a stroke!
Your approval will depend on the severity of your stroke and how long it has been since your episode. Underwriters will consider the kind of stroke you had to consider your application for approval.
A full-blown stroke is different from a mini-stroke.
A full-blown stroke is a severe medical event that can drastically impact the pricing of life insurance. Typically, you will pay less in premiums if you had a mini-stroke than if you experience CVA.
If you have a mini-stroke your options are considerably better compared when you have a full-blown stroke.
Your burial insurance options largely depend on the last time you had a stroke. Fortunately, we can help you find affordable burial insurance no matter when you last had a stroke.
If your stroke is just recent or within the last 12 months, you cannot avoid a waiting period, and you will need to pay a higher premium to get coverage. But, if your stroke has been over a year, you qualify for immediate coverage and the lowest rate.
The best thing about burial insurance is that you don’t have to take a medical exam to qualify. You only need to answer some simple health questions.
UNDERWRITING BURIAL INSURANCE AFTER A STROKE
One of the main purposes for life insurance underwriting is to determine what kind of plan to offer and how much you will pay for your life insurance if your application is approved.
Four things could impact the price of your policy:
- What is the date of your last stroke?
- What are the medications you are taking?
- Do you have a physical or mental impairment as a result of your stroke?
- Do you have other health conditions?
WHAT QUESTIONS WILL YOU BE ASKED IF YOU HAD A STROKE?
The insurance company will ask about stroke in either of the following ways:
- Have you been diagnosed or been treated for a stroke within the last 12 months?
- Have you had, been diagnosed or been treated for a stroke within the previous 24 months?
Most burial insurance companies go back two years on strokes. There are only very few that just look back one year.
Additionally, you may be asked any of the following stroke-related questions:
- When did you have a stroke?
- What is your age when you had your stroke?
- What kind of stroke did you have?
- What symptoms did you experience during your stroke?
- Do you have a family history of stroke?
- Is the cause of your stroke Lacunar, Atherosclerotic/Thrombotic, or Cardioembolic?
- What medications are you taking?
The insurance company underwriters will also want to know if you have any physical impairments resulting from your stroke.
They will want to know about any impairments that limit the activities of daily living such as eating, bathing, dressing and toileting, transferring and continence. They will also want to know if you require home health care, nursing or rehabilitation?
It’s essential that you remain honest while your life insurance agent is interviewing you. By being truthful, your agent will allow you to qualify for the best and most reputable burial insurance company that will offer coverage for you and your current health.
WHAT MEDICATIONS DO YOU TAKE?
Aside from the health questions, every burial insurance life insurance company will look at the medications you take. Some medications are flagged for stroke. If you are taking one or more of these medications, the company will consider you a stroke sufferer.
Here are the most common medications for stroke:
The insurance company will always a prescription history check after the health question. Basically, the insurance company is checking for known medications to treat stroke and other health conditions.
They will be on the lookout for common medications prescribed after a stroke most of them are blood thinners to prevent a stroke.
If you are taking any of these medicines because of your stroke, the company will classify you like a stroke patient. They will know even if you answer “no” to the health questions on the burial insurance application. The presence of these drugs in your prescription history will override your no answer.
Medication information the insurance company need:
- What kind of medication are you taking?
- What is the date of the first prescription?
- Have you consistently take it since the first prescription?
The insurance company will take all of the above information into account before deciding if your medication is an issue.
If you’ve been taking any of these medications within the last two years, you will be placed in a higher risk category by most of the insurance companies. You may be required to have a two-year waiting period and pay more in premiums.
We know insurance companies that are more accepting of these medications. If you have been taking these medications for more than two years, almost all burial insurance companies will care at all…it will be like you never even had a stroke.
It is common for many burial insurance companies to practice what is called “first fill protocol” to determine how long an applicant was taking the meds.
For example, Warfarin is a common medicine for people who had a stroke. Most insurance carriers will see when you first filled the prescription for Warfarin. If the first fill was over two years ago, they would conclude that you have not had a stroke within the last two years.
If you answered no to stroke question within the last two years, but Warfarin was prescribed to you within the previous two years, they will conclude that you did have a stroke within the previous 2 years.
Having a Warfarin prescription gives a clear picture that you indeed had a stroke.
We need to know all the details about your health to help us determine which companies will best fit your needs and budget.
Physical Impairments from a Stroke
A stroke can cause physical impairments and having a stroke can weaken the muscles on one side of your body and impair joint movement.
A stroke may affect the coordination and makes it difficult to walk and perform other physical activities. These impairments can be temporary or permanent, but it could potentially prevent your ability to secure immediate coverage and the lowest rates on your burial insurance.
Don’t worry, if you have some impairment from a stroke. We can get you covered as we know the best insurance carriers who are most lenient in their underwriting.
Do you need help in activities of daily living (ADL’s)?
Activities of daily living are classified as eating, bathing, dressing, and toileting.
If you need help in any of the ADL, it’s going to be difficult for you to secure immediate coverage with the lowest rate.
No burial insurance company will issue coverage to anybody who needs help with their activities of daily living. Guaranteed issue insurance will be your only option if you need help with ADL’s.
Burial Insurance and Nursing Home
Some stroke patients’ needs a nursing home to rehabilitate because of the severity of their stroke. Unfortunately, every life insurance company asks about a nursing home. If you are staying in a nursing home for rehabilitation, they will not issue any coverage to you.
If you are currently residing in a nursing home, your only option would be to get no medical exam guaranteed issue life insurance policy. The premium will be a little bit higher, but you will be fully covered after a two-year waiting period.
Burial Insurance and Home Health Care
Some stroke patients need home health care either temporarily or permanently.
Either way, all burial insurance companies will ask about home health care just like they did with activities of daily living. If you are currently receiving home health care because of stroke, most insurance carriers will decline your application.
The good news is, there is one final expense company that does not ask about home health care. They don’t care even if you are receiving home health care.
Hopefully, you do not have any health issue that may prevent you from qualifying with them, or you will have to endure a waiting period and pay a higher premium.
HOW IMPORTANT IS THE DATE OF MY LAST STROKE WHEN APPLYING FOR BURIAL LIFE INSURANCE?
Strokes have a tendency to repeat again. More than 1 in 4 people who suffer a stroke will likely have a 2nd occurrence sometime in their life.
Moreover, the risk of a stroke within five years of the first episode is about 40% higher. Life insurance companies consider this when they set the rates.
Some insurance carriers won’t accept an application for 3 to 12 months after a stroke. The more time has lapsed, the better the options are for you. After one year, your options become better in terms of companies you can apply.
It is more common to get coverage after a TIA than you can following a full stroke.
Never put off getting coverage to wait for better options. It’s better to get some insurance coverage now even if it’s more expensive. A stroke is a serious medical event and waiting around without coverage is not wise.
BURIAL INSURANCE AFTER A STROKE
The date of your last stroke is important to consider when applying for life insurance because it can affect the cost of burial insurance. In addition, you could also have a waiting period depending on the date of your last full-blown stroke.
If your last stroke was within the previous 12 months
If you just recently had a stroke, you cannot escape the two-year waiting period, and you have to pay about 15-30% more on premiums. No burial insurance company will approve a recent stroke for an immediate death benefit.
You generally need to wait a year after your stroke without a repeat incident before you can qualify for an immediate death benefit.
The more time that has passed, the better. Your premium will depend on your answers to the previous questions as well as well as the insurer’s underwriting standards.
After 1 year, your options considerably become better in terms of companies you can apply with.
Your last stroke was over a year ago but within the last two years
If your last stroke was over a year ago, you will have better options.
There are some insurance companies that only ask about strokes within the last year. Since your last stroke was over a year ago, you can qualify for immediate coverage if you don’t have any other health issues that can get in the way.
We can qualify for a level death benefit, and you will pay the lowest rates!
Your last stroke was over two years ago.
Most burial insurance companies ask about strokes within the last two years. Since it’s been over two years now since your last attack, you can get approved for immediate coverage with each company, and you will have no waiting period at all.
TYPES OF BURIAL INSURANCE AFTER A STROKE
Level death benefit
Level death benefit policies are straightforward, and it provides a full death benefit from day one of the policy.
It does not require a medical exam, but you must answer some health questions. Some company does have a phone interview and they also perform a prescription check and assess cognitive functions.
Guaranteed issue policies
Guaranteed issue policies have a graded death benefit (meaning there is a two year waiting period).
The carriers offer a graded benefit based on the applicant’s health. These provisions are a way for the company to provide coverage while limiting their risk.
This policy has a fixed premium that cannot increase, a death benefit that never decreases, and the policy stays in force until the insured dies.
Graded policies use a two-year waiting period in which the benefits increase to the face amount over the contractual time frame. These policies pay a return of premiums plus interest if you die in the first year of the policy or 30% if you die after one year but before two and full face amount after two years.
Guaranteed Issue Policy for Stroke
Stroke as a standalone health condition does not require the use of a guaranteed issue policy unless your stroke was within the last 2 years. It is better to apply for guaranteed issue instead until the one or two year period passes, and you become qualified for a level death benefit.
Additionally, if you had stent placement because of physical impairments due to your stroke and you require a nursing facility or home health care, you will likely need guaranteed issue insurance.
With only the requirement of a guarantee policy being age and citizenship, you can easily qualify.
Guaranteed issue policies have a death benefit that ranges from $2,000 to $50,000. The plan is graded with a two-year waiting period; the policy must be in force for two years before a full death benefit will be paid.
A graded burial insurance policy’s most significant advantage is that there is no medical exam required and no health questions to answer.
If you had a stroke, it could be difficult to pass the medical questions on a level burial policy application.
With a guaranteed policy, you can purchase this policy regardless of your health condition. If you’re not in perfect health or you have several health issues, this could be your best option for getting affordable burial insurance coverage.
Another advantage of a guaranteed issue policy is that you’ll be able to get insurance protection quicker than a traditional life insurance policy. Because there is no medical exam, there is no underwriting, and you will get your insurance coverage right away. If you want to get a modest life insurance protection as quickly as possible, this is the best option for you.
Just like with any kind of insurance coverage, there are some disadvantages to guaranteed issue policy that you must be aware of. One major drawback is the price; it can be a little expensive for the amount of coverage you will get.
There is also a limit on how much coverage you can purchase. The maximum face amount you can buy is $50,000 just enough to cover final expenses.
GETTING AN AFFORDABLE BURIAL INSURANCE AFTER A STROKE
There are plenty of ways to improve your life insurance premium.
You can do some simple lifestyle changes to improve your rates:
- Quit smoking or using tobacco products
- Cut back on alcohol consumption
- Reduce saturated fat and trans fat in your diet
- Get regular exercise
- Keep blood pressure
- Maintain low cholesterol level
Improving your overall health, and you will help save on your life insurance rates.
FINDING THE BEST BURIAL INSURANCE AFTER A STROKE
Every burial insurance company has different ways of looking at an applicant with stroke history. Some are going to decline your application, while others will give you the best rates. Because there are more than 800 companies, you’ll have to find the one that will look at your condition favorably.
If you are looking for burial insurance after a stroke, we encourage you to reach to us so we can help you. Your insurance policy will not cost more by working with us and we will shop your case with different carriers to find you the best policy.
HOW CAN FUNERAL FUNDS HELP YOU?
Trying to find a policy with a stroke needn’t be a frustrating process, but working with an independent agency like Funeral Funds will make the process easier and quicker.
If you have a health history with a stroke, let us help you; we will work with you side by side to find a plan that fits your needs.
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 will shop your case to different insurance carriers and get you the best price.
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 funeral or burial insurance with a stroke in your medical history, 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.