Trying to get burial insurance traumatic brain injury isn’t as difficult as you think. You will be surprised to know that some final expense insurance companies are very accepting of this health condition.
The good news is that it is possible to get affordable burial insurance with traumatic brain injury. Some final expense companies do not ask if you have TBI. In most cases, you will even qualify for level death benefit with immediate (first day) coverage regardless of your condition.
If you or someone you love has a traumatic brain injury recently, you will know what type of policy is available for you and how this condition will impact the price and coverage for burial insurance.
This article will provide you with all the information you need to know about getting burial insurance with traumatic brain injury. You will learn the different factors that affect insurability and how to get the most affordable policy.
FOR EASIER NAVIGATION:
CAN YOU GET LIFE INSURANCE WITH TRAUMATIC BRAIN INJURY?
YES. Absolutely! You can qualify for life insurance if you have a traumatic brain injury (TBI).
The truth is, some final expense insurance companies will specifically ask about TBI, but most will not If a life insurance company never asks about a medical condition it means it’s a non-issue to them.
When it comes to buying burial insurance after a traumatic brain injury, you can get yourself qualified for immediate coverage. This means you would have full coverage starting from day one, and you would pay the lowest rate that the insurance company has to offer.
The only time traumatic brain injury would cause you to pay more or have a waiting period is when you have surgery to treat your condition, or you need help with activities of daily living.
The good news is, you don’t have to take a medical exam to qualify for burial insurance. You will only need to answer some questions about your health. That’s it!
WHY DO INSURANCE COMPANIES CARE IF YOU HAVE TRAUMATIC BRAIN INJURY?
TBI happens when there is a violent blow to the head, or there’s an object that penetrates the skull. Falls are the most frequent cause of traumatic brain injury in the elderly. It is a significant source of disability and morbidity.
According to the National Institutes of Health around 5.3 million people live with long-term physical, psychological and cognitive health disabilities related to traumatic brain injury.
The occupations with the highest risk of traumatic brain injury include transportation, construction, agriculture, fishing, and forestry. These industries are at the highest risk of death from TBI.
Life insurance companies are exposed to more than 52,000 Americans who die annually as a result of TBI. Additionally, some people who survive TBI may have a shortened life expectancy, resulting in long-term care, disability, and critical illness.
Insurance companies care if you have a traumatic brain injury because it may affect life expectancy. Some types of brain injury are considered high risk by life insurance companies because of medical complications or sudden death.
Depending on the cause of TBI and the method of treatment, it may reduce your chances of getting approved for immediate coverage. If you have some complications or you’re unable to do some activities of daily living because of your condition, you will need to pay more and have a waiting period.
Every life insurance company has its own unique underwriting guidelines. They are all different, and they may approve or reject applicants based on various health conditions.
The good news is many types of traumatic brain injury do not decrease life expectancy as long as there are no other risk factors for premature death such as diabetes or high blood pressure.
This is the reason why applicants with TBI who are relatively healthy can qualify for immediate coverage. Even if your health condition is severe or life-threatening, it’s still possible to get burial insurance.
INFORMATION WE NEED IF YOU HAVE TRAUMATIC BRAIN INJURY
Before applying for burial insurance, we would be asking you some questions to help us determine the best insurance plan for you.
Here are some of the health questions we will ask you before your application:
- When did you have a traumatic brain injury?
- What caused your traumatic brain injury?
- What symptoms are you currently suffering as a result of your TBI?
- What treatment did you receive for your traumatic brain injury?
- What medications are you taking for your condition?
- Are you on disability right now?
- Are you receiving disability benefits?
- What other medical conditions do you have?
- Do you need home health care?
- Do you need assistance in doing activities of daily living such as eating, bathing, transferring and continence?
It is necessary, to be honest in answering these questions. Depending on your answer, we will be able to get a good idea of your health. Your answers will help us determine which final expense insurance company would be the best fit for your needs and will offer you the cheapest rate.
UNDERWRITING BURIAL INSURANCE TRAUMATIC BRAIN INJURY
In most cases, the underwriting for traumatic brain injury insurance coverage will center on treatment. Some insurance providers will specifically ask about TBI, but most of them don’t. Since they don’t ask about it, it means they don’t care.
Answering questions about your health are one part of the underwriting process. The health question on the application is a simple yes or no. Your answer to the health questions will determine what type of plan you will qualify for.
In the case of traumatic brain injury, you’ll find various health questions.
You will need to pay close attention to the questions about the following:
- The traumatic brain injury itself
- Neurological conditions like dementia or Alzheimer’s disease
- Home health care
- Needing help with any activities of daily living such as eating, bathing, dressing, toileting, transferring and continence.
PRESCRIPTION HISTORY CHECK
In addition to the health questions, they will also electronically analyze your prescription history. Since TBI can be treated with drugs, burial insurance will be on the lookout for some medications flagged for traumatic brain injury.
If you are on these, most insurance companies will consider you a traumatic brain injury patient regardless of how you answer the health questions.
Some medications that are used to treat brain injury include:
- Diuretic – urea, mannitol, glycerol, furosemide, ethacrynic acid
- Anti-seizure drugs – valproate, phenytoin
- Coma-inducing drugs – pentobarbital or thiopental
FACTORS THAT MAY AFFECT ELIGIBILITY IF YOU HAVE TBI
You could be taking different medications if you have a traumatic brain injury. In most cases, anti-seizure drugs like valproate or phenytoin will be prescribed to treat your condition.
The good news is many final expense companies are okay with these drugs. You may still qualify for immediate coverage.
Surgery may be needed to treat your traumatic brain injury. Whatever type of surgery you have undergone, it will have a huge effect on your coverage.
- Bleeding in the brain
- Removing blood clot (hematoma)
- Opening a window in the skull
- Repairing skull fractures
This is how brain surgery will affect your coverage:
Surgery within the last 12 months – You will not qualify for immediate coverage, and guaranteed issue life insurance is your only option. You will have a two-year waiting period, and you will pay 15-30% more premium.
Surgery was over 12 months ago – You may qualify for immediate coverage to those companies who only look back one year on brain surgery.
Surgery was over two years – You will qualify for immediate coverage with most life insurance companies that have a two-year look-back period. You will receive a level death benefit with the lowest cost.
HOME HEALTH CARE
If you currently need home health care, you would be ineligible for a level death benefit. There is only one burial insurance company that is perfectly fine with people receiving home health care (but, they will put you under a modified category).
A modified death benefit has a higher monthly premium, and there is a limit to the amount of death benefit payout during the first two years of the policy.
The company will only pay 40% of the death benefit if you die during the first year, and your beneficiary will receive 70% if you pass away during the second year. The full benefit will be given in the third year.
If you have a traumatic brain injury and currently receiving home health care, your only option is getting partial coverage on the first two years of the policy.
ASSISTANCE WITH ACTIVITIES OF DAILY LIVING
Every burial insurance company asks about ADL in their application. Needing help with any of the ADL will significantly affect your life insurance eligibility.
There are 6 activities of daily living used by the burial insurance companies to measure your functionality to determine if you will qualify for level death benefit. You must be able to do all of these ADL on your own to prove that you can take care of yourself properly.
- Eating – the process of putting food into the mouth using a container like a plate, cup, utensils, intravenously or through a feeding tube.
- Bathing – your capacity to get in and out of the shower or bathtub safely. Washing your body from a basin, a bathtub or shower.
- Dressing – taking off and putting on clothes. Putting on and taking off braces, fasteners, and prostheses are also a part of the dressing up.
- Toileting – your ability to use the toilet safely and performing necessary personal hygiene tasks.
- Transferring – the act of moving in or out of bed, a chair or a wheelchair. Includes getting in and out of vehicles.
- Continence – the ability to control your bladder and bowel functions. Continence also includes performing related personal hygiene tasks such as caring for a catheter bag or colostomy.
If you have a traumatic brain injury and needing assistance with activities of daily living, it will be challenging to find a company that will offer you immediate coverage.
The same company that accepts those receiving home health care will accept you for their modified death benefit.
Seizures may be a complication of traumatic brain injury. You will find some life insurance applications ask about seizures.
If you experience seizures as a complication of TBI, you should say yes the seizure question. Having seizures and taking anti-seizure medication may have an effect on your insurability, but we work with many companies who are accepting of this condition.
BURIAL INSURANCE TRAUMATIC BRAIN INJURY POLICY OPTIONS
MILD IMPAIRMENT – Includes mild memory difficulties but able to work and can do activities of daily living independently. No seizure disorder and mobility are unimpaired.
If you have mild impairment because of traumatic brain injury, you will easily qualify for level death benefit with immediate coverage from day one.
A level death benefit has a simplified underwriting process where you are not required to take physicals or medical exam, but you need to answer some simple health questions. Your answer to the health questions will determine if you will be approved and how much you will pay.
The best feature of the level death benefit is full coverage from day one. You will be instantly covered, and your beneficiaries will receive full death benefit payout when you pass away for any reason.
MODERATE IMPAIRMENT – You may have moderate memory deficits but need help in performing activities of daily living.
If you have moderate impairment as a result of traumatic brain injury, you will qualify for a modified plan. This plan offers partial coverage for applicants who need help with activities of daily living and those who had surgery for less than two years. If you die, during the first two years, your beneficiaries will only receive a percentage of your death benefit.
If you pass away during the first year of the policy, your beneficiaries will receive 40% of your death benefit. If you die during the second year, they will get a 70% death benefit payout. The 100% death benefit will be given to them if you die during the third year of the policy.
If you don’t qualify for a modified plan, your best and cheapest option would be to take out a guaranteed acceptance policy (we can help you with this). It would be a lot cheaper than some modified death benefit plan.
SEVERE IMPAIRMENT – If you have severe memory deficits and needing help in performing activities of daily living, may be confined to bed or wheelchair, may also need tube feeding and ventilator.
If you have severe impairment as a result of traumatic brain injury, you will only qualify for guaranteed issue burial insurance. You will qualify for this policy regardless of your severe impairment or needing help with activities of daily living.
You don’t need a medical exam or answer any health questions to be eligible for coverage.
Guaranteed acceptance burial insurance allows for severe health impairments because TBI is a non-issue with burial insurance companies.
While guaranteed issue policy costs a bit more than the level death benefit with no waiting period, you don’t have to worry about the possibility of being denied coverage due to your medical condition.
TBI applicants can easily get guaranteed issue whole life insurance. The minimum age requirement is 50 to 85 years old. If you’re a U.S. citizen and you qualify for the age requirement, and the policy is available in your state, you will be eligible for this policy.
Guaranteed acceptance burial insurance is graded for the first two years of the policy for natural causes of death. The policy will only pay the full death benefit if you die from an accident during the two-year waiting period.
If you die from an illness during the two-year waiting period the insurance company will only refund your beneficiary with all the premiums you paid plus 10% interest. After the two-year waiting period, you are fully covered, and your beneficiaries will receive the 100% death benefit if you die for any reason.
HOW CAN FUNERAL FUNDS HELP ME?
Trying to find a policy with a traumatic brain injury needn’t be a frustrating process; working with an independent agency like Funeral Funds will make the process easier and quicker.
If you have a health history of traumatic brain injury, 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 don’t have to 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 traumatic brain injury funeral insurance, or traumatic brain injury burial insurance, or traumatic brain injury 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.