Purchasing Burial Insurance with Congestive Heart Failure

Trying to qualify for burial insurance with Congestive Heart Failure (CHF) can be stressful, and stress is the last thing you need when you have CHF!

However, having a history of congestive heart failure will not prevent you from being approved for coverage at an affordable rate.

If you have congestive heart failure and you are considering applying for a burial insurance policy, keep reading and we will give you an overview of CHF burial insurance underwriting and how to get the best rate possible.

FOR EASIER NAVIGATION:

WHAT IS MY BEST INSURANCE OPTION IF I HAVE A HISTORY OF CONGESTIVE HEART FAILURE?

If you’re ever diagnosed, received treatment, or advised to receive treatment and medication for congestive heart failure within the last 24 months your best burial insurance option is a first-day benefit plan.

Best Option: First-day benefit plan

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


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 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 CONGESTIVE HEART FAILURE, 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 congestive heart failure.

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 CONGESTIVE HEART FAILURE

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 life insurance company wants to know if you have congestive heart failure. You will often see them ask about CHF in the health questionnaire.

  • Have you been treated for or diagnosed as having congestive heart failure or been advised to have an organ transplant?
  • Have you ever been diagnosed, treated, or taken medication for congestive heart failure (CHF) or heart failure?
  • Have you ever been diagnosed with, or received, or been advised to receive treatment or medication for congestive heart failure?


PRESCRIPTION HISTORY CHECK:

Burial insurance companies will verify your medical condition based on your medication history.

Prescribed Congestive heart failure medication can include:

  • Apresoline
  • Bumetadine
  • Captopril
  • Carvedilol
  • Digoxin
  • Eplerenone
  • Furosemide
  • Imdur
  • Isordil
  • Lisinopril
  • Losartan
  • Metolazone
  • Metoprolol
  • Nitrobid
  • Spironolactone
  • Torsemide

If you’re taking any of these medications, the insurance carriers may view you as a congestive heart failure patient.

We have burial insurance companies that do not mind if you are taking these medications. They will issue a policy regardless of whatever prescription combination you take.


HOW MUCH INSURANCE DO I NEED IF I HAVE CONGESTIVE HEART FAILURE?

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


CONGESTIVE HEART FAILURE 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 CONGESTIVE HEART FAILURE

When applying for final expense insurance with a congestive heart failure, it is important to provide us much information as possible.

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

These questions include:

  • When was your congestive heart failure diagnosed?
  • What health issue may have led to your diagnosis?
  • What are the medicines prescribed to help with your issues?
  • What test have you had recently and what were the results?
  • What treatments are being used, and is your condition stable?

We need to know your medical condition to be able to provide you with the best recommendation. The more information we get, the better our chances of finding affordable insurance coverage.


HOW TO GET THE BEST BURIAL INSURANCE RATES WITH CONGESTIVE HEART FAILURE

Congestive heart failure is a severe medical condition, but do not let your health prevent you from getting affordable burial insurance.

The best way to get the best burial insurance rates for congestive heart failure is to work with an independent life insurance agency like Funeral Funds. We will help you shop for burial insurance then compare the rates from different carriers to identify which one offers the best 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 CONGESTIVE HEART FAILURE

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

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

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?

Here at Funeral Funds, we specialize in obtaining life insurance coverage for people with congestive heart failure.

We work with many A-rated insurance companies that specialize in high-risk clients. We will search those companies to give you the best rate ever. We’ll match you up with your best insurance option.

We will assist you in securing the coverage you need at a rate you can afford. So, if you’re looking for burial insurance with congestive heart failure, we can help. Fill out our quote form on this page or call us at (888)862-9456 to get accurate quote burial insurance quotes.

Funeral Insurance, Final Expense Insurance, Burial Insurance With Congestive Heart Failure Infographic

RELATED POSTS:

Call Now ButtonCALL NOW (888) 862-9456