Purchasing burial insurance with congestive heart failure can be challenging because congestive heart failure is considered to be a severe medical condition. Individuals with this condition usually find themselves consistently getting declined from different insurance companies.
Having CHF makes it harder to secure life insurance, but it’s not impossible. The good news is you have options if you know where to look.
Obtaining life insurance with CHF is possible, and it may be more affordable than you might think. Funeral Funds has helped many clients in less than perfect health, and we can help you too.
If you have difficulty finding burial insurance in the past because of your CHF, please call us at (888)862-9456 for an accurate quote. With CHF, your options are very limited. We need to speak with you so we can advise you which insurance company will be your best choice.
GIVE IT TO ME STRAIGHT…CAN I GET BURIAL INSURANCE WITH CONGESTIVE HEART FAILURE?
YES, it is possible to get burial insurance even if you’re diagnosed with congestive heart failure. You’re very likely to be approved for burial insurance with this pre-existing condition. Funeral Funds can help you locate the carrier that will offer you the most affordable burial insurance options available.
Congestive heart failure or cardiac failure are terms used to describe the heart’s inability to supply the body with sufficient levels of oxygen.
Depending on the underlying cause of heart failure, the treatment options to manage this condition may include lifestyle changes, improved diet, prescription medications, and artificial heart valve surgery pacemaker or defibrillator implantation to repair damaged heart tissues.
Congestive heart failure is a grave medical condition that most insurance companies will decline your application. In fact, you’re not going to be eligible for life insurance policies with medical underwriting.
The good news is that…
You may still be eligible for a no medical exam burial insurance policy. When you have congestive heart failure, you have two options.
Graded Coverage – (immediate partial benefit) this is a no medical exam policy where you will be partially covered during the first two years of your policy.
For example: If you were to pass during this period, your beneficiary would only receive 40% of the death benefit in the first year. On the second year, they will receive 75%. The full death benefit will be given in the third year of the policy.
Graded coverage will be your best option if you have congestive heart failure because you would be covered on the first day of your policy for a percentage of your death benefit.
Guaranteed Issue – this type of policy does not require a medical exam or health questions to qualify for them. You just need to be a U.S. citizen between the ages of 40-85. It’s very easy to qualify regardless of your medical condition.
The main drawback to a guaranteed issue policy is the price and the waiting period. You need to wait for two years before your guaranteed death benefit kicks in (accidental death is 100% covered in the first two years).
If you pass during the waiting period, your beneficiary will not receive the full death benefit (unless you die in an accident). They will only accept the return of premium plus 10% interest. Many final expense insurance companies will insure you with a two-year waiting period with only a modest price increase.
We need to know more details about you, so we will know what type of policy you will be eligible for. We will find you the best burial insurance policy at a rate you can afford.
BENEFITS OF BURIAL INSURANCE
Ease of issue. Easy to qualify and get insurance coverage. No medical exam needed, you are only required to answer a few health questions.
Level premium. Your premium will never increase. It is lock into a rate at your current age, and the price will never go up regardless of advancing age or medical conditions.
Fixed death benefit. Your death benefit is fixed and guaranteed to never decrease for any reason.
Tax-free. The death benefit payout is paid to the beneficiary tax-free
Not cancelable. Your policy can never be canceled by the life insurance company as long as premium payments are made on time.
You can get a much smaller amount of coverage. Burial insurance can range from $1,000 to $50,000
Cash value builds up. Burial insurance is whole life policies that build cash value over time.
WHAT WILL THE INSURANCE COMPANIES ASK ME ABOUT MY CONGESTIVE HEART FAILURE?
When reviewing your application for coverage, your agent will request additional information regarding your condition. Hopefully, this information will give you an idea of what is ahead on your application.
Here are some of the questions the insurance companies will ask about your congestive heart failure:
- When was your congestive heart failure diagnosed?
- What health issue may have led to your diagnosis?
- Do you have high blood pressure or hypertension?
- Do you have high cholesterol?
- Are you a tobacco user?
- 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?
- Do you have a family history of congestive heart failure?
Knowing you have congestive heart failure, our agents will ask you these pre-qualifying questions.
Make sure to answer all the questions plus give any other health information details. We need to know everything about your medical condition so that we can give you the best recommendation.
WILL I BE REQUIRED TO TAKE A MEDICAL EXAM?
If you had been denied coverage in the past because of your congestive heart failure, you need not worry. The application process is faster and more straightforward because you will not be required to take a medical exam to qualify for a burial insurance policy.
You will not need to provide any medical records either. You will only need to answer some basic questions about your health.
No medical exam burial insurance makes it easy for you to get life insurance coverage fast. You can be covered regardless of your congestive heart failure.
WHAT MEDICATION DO THE INSURANCE COMPANIES LOOK FOR WHEN I HAVE CONGESTIVE HEART FAILURE?
Burial insurance companies will verify your medical condition based on your medication.
Prescribed Congestive heart failure medication can include:
If you are taking any of these medications, the insurance carriers may view you as a congestive heart failure patient.
WILL THESE MEDICATIONS MAKE ME INELIGIBLE FOR BURIAL INSURANCE WITH CONGESTIVE HEART FAILURE?
Even though you are taking any of these medications for your condition, you still might be insurable. Your burial insurance eligibility will not be affected even if you have heart issues such as angina, heart attack, aneurysm, arrhythmia, heart murmur, coronary artery disease, valvular heart disease, and peripheral vascular disease.
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.
WHAT OPTIONS WILL THE INSURANCE COMPANY OFFER ME?
A) They will decline you
If you go with the wrong company, your application will be flat-out rejected. It is the most common response to people with congestive heart failure. CHF applicants are sometimes considered high risk and uninsurable.
B) They will offer you a modified plan
You will be issued a policy but under a modified plan or a Return of Premium Plan. You will be charged a higher premium for your policy, and they will impose a two-year waiting period. Some companies even have a three-year waiting period.
C) They will offer you partial first-day coverage
Partial first-day coverage will be your best option if you have congestive heart failure. There is one company that will provide immediate partial coverage for your case.
You will only pay a little higher premium, but you will be immediately covered. 40% of your death benefit will be paid to your beneficiary if you pass within the first year. On the second year, the payout will be 75%. If you can qualify for this plan, grab it. This opportunity is rare if you have congestive heart failure.
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 taking out life insurance. You can be eligible for burial insurance. You just need to apply with the right company.
The best way to get the best burial insurance rates for congestive heart failure is to research and shop around. The more shopping you do, the bigger your chances of finding the best rates possible. A better way to do this is to contact an independent life insurance agency like Funeral Funds to do all the work for you.
HOW CAN WE HELP YOU?
Here at Funeral Funds, we specialize in obtaining life insurance coverage for people with burial insurance 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 are 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 so we can give you an accurate quote.