2024 Burial Insurance with Graves’ Disease
last updated on July 22, 2024Getting affordable burial insurance with Graves’ disease is possible. When managed well, Graves’ disease does not significantly affect your chances of qualifying for the best plan and the best rate.
In fact, most burial insurance companies don’t even ask about this medical condition on their health questionnaire.
If you have Graves’ disease, here’s everything you need to know about burial insurance with Graves’ disease and how to obtain an affordable burial insurance policy.
FOR EASIER NAVIGATION:
- What Is My Best Insurance Option If I Have a History of Graves’ Disease?
- What Types of Burial Insurance Should I Avoid?
- What Type of Burial Insurance Is Best?
- If I Have Graves’ Disease, Do I Need a Medical Exam to Qualify for Burial Insurance?
- Burial Insurance Underwriting If You Have Graves’ Disease
- How Much Insurance Do I Need If I Have Graves’ Disease?
- How Should I Pay My Premiums?
- Graves’ Disease and Burial Insurance Riders
- Benefits of Burial & Funeral Insurance
- Other Common Uses for Final Expense Life Insurance with Graves’ Disease
- How to Get the Best Burial Insurance Rates with Graves’ Disease
- How Can Funeral Funds Help Me?
- Additional Questions & Answers On Burial Insurance With Graves’ Disease
What Is My Best Insurance Option If I Have A History Of Graves’ Disease?
THYROID SURGERY 24 MONTHS OR LONGER
If you have Graves’ disease, there is only one thing that may affect your life insurance eligibility. The time since you had a thyroidectomy (a surgical procedure to remove the thyroid gland) may affect the type of plan you will qualify for.
Most people looking for affordable burial insurance after getting a thyroidectomy are happy to find out that many companies will offer a level death benefit plan with first-day coverage.
You will be covered from the first day and have no waiting period. Your beneficiary will receive a 100% death benefit when you pass away.
Graves’ disease on its own will not create an issue with the insurer unless you have other significant medical conditions that may prevent you from qualifying for a level death benefit plan.
With a level death benefit plan, whatever happens to you, as long as you pay your premiums on time, your Beneficiaries are sure to receive a death benefit payout when you die.
Best Option: Level death benefit plan with first-day coverage
RECENT THYROID SURGERY (less than 12 months)
If you have a recent thyroidectomy (less than 12 months), some insurance companies that care about surgeries and hospitalization 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
What Types Of Burial Insurance Should I Avoid?
| PLANS TO AVOID | WHY? |
|---|---|
| Term life | Premiums increase after 5 years. Coverage ends after 80. |
| Pre-paid funeral plans | Expensive |
| Universal life | Tied with stocks |
| No health questions policies | With 2-year waiting period |
| Plans offering "teaser rates" | $9.95 per unit plans or $1 buys $100,000 coverage |
| Over priced plans | Insurance from TV and junk mail |
| Plans that accept mail-in payments | Risky |
| Plans that accept Direct Express | High lapse rate |
| Plans that accept Credit Cards | High lapse rate |
What Type Of Burial Insurance Is Best?
| FUNERAL FUNDS PLAN BENEFITS | INCLUDED |
|---|---|
| 1st Day Coverage | YES |
| Rates NEVER Increase | YES |
| Coverage NEVER Decreases | YES |
| Easy to get approved | YES |
| No Medical Exam | YES |
| Same Day Approval | YES |
| Death Claims Pay Fast | YES |
| Builds cash value | YES |
| Coverage Up To Age 121 | YES |
If I Have Graves’ Disease, 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 Graves’ disease.
When you apply for burial insurance, you only have to answer some basic questions about your health. The application process is simple; 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 Graves’ Disease
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:
The insurance companies will generally ask you some health questions as part of the underwriting to determine your level of risk.
- Within the past 12 months, have you been advised to have surgery, hospitalization, or diagnostic test?
- Within the past 24 months have you been hospitalized for surgery?
- Within the past 24 months have you been medically diagnosed as having or been treated for an autoimmune disorder?
- Within the past 2 years have you been treated for, or been advised to have treatment for immune system disorder?
Review any health questions carefully if you see a question that asks if you ever have an immune system disorder. If you have had it, you should answer yes because Graves’ disease is an autoimmune disorder. If you have had a thyroidectomy, you should respond yes to the surgery question.
Don’t try to hide your medical condition. Burial insurance companies generally have very lenient underwriting for this health issue. Most people with health issues and medications will still qualify for the best pricing.
PRESCRIPTION HISTORY CHECK
Some companies treat Graves’ disease as a high-risk condition if you have a prescription medication history with radioactive iodine, Propylthiouracil, or Methimazole. If they find those medications in your prescription history, they will deny your application or impose a waiting period on your plan.
However, we work with burial insurance companies that don’t even care about Graves’ disease or Graves’ disease medication if they are considered maintenance medications. A well-managed Graves disease or hyperthyroidism does not pose a serious concern in burial insurance underwriting.
We work with dozens of life insurance carriers, and we can point you to those insurers that don’t care about Graves’ disease.
How Much Insurance Do I Need If I Have Graves’ Disease?
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 services | $2,300 |
| Removal/ transfer of remains to funeral home | $350 |
| Embalming & preparation of the body | $1,050 |
| Use of facilities for viewing & funeral ceremony | $965 |
| Hearse | $325 |
| Service car/van | $150 |
| Basic memorial printed package | $183 |
| Metal casket | $2,500 |
| Vault | $1,572 |
| Median Cost of a Funeral With Viewing and Burial | $9,420 |
| AVERAGE FUNERAL COST WITH VIEWING AND CREMATION | |
|---|---|
| Non-declinable basic services fee | $2,300 |
| Removal/ transfer of remains to funeral home | $350 |
| Embalming & preparation of the body | $1,050 |
| Use of facilities for viewing & funeral ceremony | $965 |
| Service car/van | $150 |
| Basic memorial printed package | $183 |
| Cremation fee (if firm uses a third-party crematory) | $368 |
| Cremation Casket | $1,310 |
| Urn | $295 |
| Median Cost of a Funeral with Viewing and Cremation | $6,970 |
| Rental Casket | $995 |
| Alternate Cremation Container | $150 |
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.
Graves’ Disease 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-ONS | AVAILABILITY |
|---|---|
| Terminal Illness Add-On Benefit | Included with most plans |
| Nursing Home Care Add-On Benefit | Included with most plans |
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 if 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 Graves’ Disease
All of these examples are appropriate uses for Final Expense Life Insurance:
- Burial insurance plan with Graves’ disease
- Cremation insurance plan with Graves’ disease
- Funeral home insurance plan with Graves’ disease
- Final Expense insurance plan with Graves’ disease
- Prepaid funeral plan insurance with Graves’ disease
- Mortgage payment protection plan with Graves’ disease
- Mortgage payoff life insurance plan with Graves’ disease
- Deceased spouse’s income replacement plan with Graves’ disease
- Legacy insurance gift plan to family or loved ones with Graves’ disease
- Medical or doctor bill life insurance plan with Graves’ disease
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 To Get The Best Burial Insurance Rates With Graves’ Disease
Looking for the best rates for burial insurance with Graves’ disease will be easy if you allow us to help you!
The best way to find the best burial insurance rates with Graves’ disease is to work with an independent burial insurance agency like Funeral Funds that has access to different A-rated insurance companies. We work with different companies that look at Graves’ disease favorably.
Finding the right insurance company can help you save thousands on premiums over the policy’s life.
How Can Funeral Funds Help Me?
Finding a policy if you have Graves’ disease needn’t be frustrating; working with an independent agency like Funeral Funds will make the process easier and quicker.
We will work with you every step to find the plan that fits your financial requirements and budget. You don’t have to waste your precious time searching for multiple insurance companies because we will do the work for you.
We work with many A+ rated insurance carriers that specialize 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 Graves disease funeral insurance, Graves’ disease burial insurance, or Graves’ disease life insurance.
Fill out our quote form on this page or call us at (888) 862-9456, and we can give you an accurate quote.
Additional Questions & Answers On Burial Insurance With Graves’ Disease
Can you get life insurance if you have Graves disease?
Yes, you can get life insurance with Graves disease and may even qualify for first-day coverage.
Can you get life insurance if you have thyroid?
Yes, you can get life insurance if you have a thyroid. You can still qualify for coverage even if you have hyperthyroidism or hypothyroidism.
What is the life expectancy with Graves disease that life insurance companies consider?
The life expectancy with Graves disease varies from person to person. Some people experience complete remission of the disease, while others may have more severe symptoms that last for many years. Ultimately, the life expectancy will depend on how well the individual manages their condition.
Does underactive thyroid affect life insurance?
No, an underactive thyroid does not affect life insurance. You can still qualify for coverage if you have hypothyroidism.
Can you get burial insurance if you have Graves disease?
Yes, you can get burial insurance with Graves disease. You may even qualify for a first-day coverage plan if your thyroid surgery has been two years or longer.
Is Hypothyroidism a pre existing condition for insurance?
Yes, hypothyroidism is a pre-existing condition for insurance. However, you can still qualify for coverage if you have this condition.
Is underactive thyroid a critical illness?
No, an underactive thyroid is not a critical illness. However, a pre-existing condition can affect your life insurance coverage.
Can you get funeral insurance if you have Graves disease?
Yes, you can get funeral insurance if you have Graves disease. You may even qualify for a first-day coverage plan if your thyroid surgery has been two years or longer.
What is the life expectancy with underactive thyroid?
The life expectancy with underactive thyroid varies from person to person. Some people experience complete remission of the disease, while others may have more severe symptoms that last for many years.
What is the difference between Hashimoto’s and Graves disease?
The main difference between Hashimoto’s and Graves disease is that Hashimoto’s is an autoimmune disease that attacks the thyroid, while Graves disease is a disorder that causes the thyroid to produce too much hormone.
Can you get final expense insurance if you have Graves disease?
Yes, you can get final expense insurance if you have Graves disease. You may even qualify for a first-day coverage plan if your thyroid surgery has been two years or longer.
Does thyroid removal shorten life expectancy?
There is no clear answer on whether or not thyroid removal shortens life expectancy. However, the surgery may help to improve your symptoms and increase your life expectancy.
Can you get cremation insurance if you have Graves disease?
Yes, you can get cremation insurance if you have Graves disease. You may even qualify for a first-day coverage plan if your thyroid surgery has been two years or longer.
