Qualifying for burial insurance with COPD can be challenging. As you may already know, it can be tough to find affordable burial insurance when you have COPD. Chronic lung disease is one of the hardest issues to cover when it comes to burial insurance.
Here’s the good news!
Getting approved for burial insurance with COPD is possible.
Many people with COPD were able to get insurance coverage. There are several ways you can secure affordable burial insurance coverage with COPD.
Finding the right life insurance company is the key to getting affordable burial insurance with COPD.
Find the life insurance company that specializes in offering high-risk policies. The easiest way to do that is by working with a knowledgeable life insurance agency like Funeral Funds that can assist you to find the right company that will accept your lung disease and get you covered with the lowest pricing.
FOR EASIER NAVIGATION:
- What is My Best Insurance Option If I Have COPD?
- What Types of Burial Insurance Should I Avoid?
- What Type of Burial Insurance Is Best?
- If I Have COPD, Do I Need A Medical Exam to Qualify for Burial Insurance?
- Burial Insurance Underwriting If You Have COPD
- What Medications Do the Insurers Look for When I Have COPD?
- Will These Medications Make Me Ineligible for Burial Insurance With COPD?
- COPD Oxygen Use and Life Insurance
- Why Do You Need Guaranteed Issue Burial Insurance If You Have Severe COPD?
- How Should I Pay My Premiums?
- COPD and Burial Insurance Riders
- Benefits of Burial Life Insurance
- Information We Need If You Have COPD
- Can I Get Burial Life Insurance With COPD?
- How to Get the Best Burial Insurance Rates with COPD?
- How Can Funeral Funds Help Me?
WHAT IS MY BEST INSURANCE OPTION IF I HAVE COPD?
If you have mild COPD with no other health conditions you will qualify for a level death benefit. Your coverage is immediate (effective on the first day), and you don’t have to settle for a two-year waiting period.
No matter when you die, your beneficiary will get 100% of the death benefit.
Best Option: Level Death Benefit (First-day Coverage)
This is the next best type of burial insurance. If you have moderate COPD and not healthy enough to qualify for a level death benefit plan, this is the next benefit level you should try to get.
You can even qualify if you are on oxygen (as long as you are not on oxygen 24 hours a day).
You may be eligible for first-day benefits with additional coverage phased in over time.
Best Option: First Day Benefits (Hybrid first-day coverage)
You will qualify for guaranteed acceptance life insurance if your COPD is severe to very severe or you have end-stage chronic obstructive pulmonary disease.
This will be the only plan you qualify for if you are on oxygen 24 hours a day.
If you pass away during the first two years of the policy, your beneficiary will get all the premiums that you paid, plus interest usually 10%. All guaranteed issue policies have graded or modified death benefits; none of them offer a level death benefit.
Best Option: Guaranteed issue (modified death benefit)
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 $30,000 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 COPD, DO I NEED A MEDICAL EXAM TO QUALIFY FOR BURIAL INSURANCE?
Burial insurance companies do not require a medical exam to qualify for coverage. If you have COPD or any progressive lung disease, getting burial insurance with no medical exam is your best option.
BURIAL INSURANCE UNDERWRITING IF YOU HAVE COPD
Burial insurance companies conduct underwriting by asking health questions and checking your prescription history to verify your medical condition.
You will typically see COPD asked this way:
- During the past 24 months have you been diagnosed by a physician as having, or been treated for emphysema or chronic obstructive pulmonary disease (COPD)?
- Within the past 24 months have you been medically diagnosed or treated, or taken medication for chronic obstructive pulmonary disease (COPD) or required oxygen equipment to assist in breathing?
- Have you ever had, or been diagnosed with, or received or been advised to receive treatment or medication for chronic obstructive pulmonary disease (COPD) or emphysema?
If you have COPD you will have to answer “yes” to any of these health questions.
Do you have other health problems aside from COPD? Check this table to understand your eligibility.
|Cancer||Over 2 years = First day coverage
Under 2 years = Hybrid coverage
|Congestive Heart Failure||Hybrid Coverage|
|COPD||Possible 1st-day coverage if no oxygen or smoking|
|Dementia||2-year wait only|
|Dialysis||2-year wait only|
|Heart Attack||Over 2 years = 1st-day coverage
Under 2 years - Hybrid coverage
|Heart Surgery||Over 2 years = 1st-day coverage
Under 2 years - 2 year wait
|High Blood Pressure||1st-day Coverage|
|Liver Disease||Hybrid Coverage|
|Nitroglycerin Use||Hybrid Coverage|
|Nursing home||2-year wait only|
|Stroke||Over 2 years = 1st day coverage
Under 2 years - Hybrid coverage
|Terminal Illness||2-year wait only|
|Oxygen Use||Hybrid coverage in no 24 hour oxygen use|
|Wheelchair Use||Hybrid Coverage|
WHAT MEDICATIONS DO THE INSURERS LOOK FOR WHEN I HAVE COPD?
Burial insurance companies will look for your medication to determine whether or not you have COPD. They will not look for your prescription to determine the severity of your condition. Their only purpose is to discover if you have COPD or if you don’t.
Part of your burial insurance underwriting process when the insurance companies check your prescription history.
The insurance company will electronically check your prescription history as a way to verify your medical condition. The prescription check is a critical component of their risk analysis.
There are certain medications they will look for if you have COPD. Here is a list of common COPD medications.
If you ever take these medications, you will be considered as COPD patient.
- Aclidinium bromide
- Anoror Ellipta
- Atrovent HFA
- Ipratropium Bromide
Here are some of the most common dual-purpose COPD and asthma medications that are on the watch list of insurance companies. Both asthma and COPD have the same medications that treat both conditions.
If you are on these medications, it does not mean that the insurance carriers will view you as a COPD patient, but if you have filled a prescription for these medications, it could be for COPD.
If you are taking any prescription medications to treat your COPD, make sure you disclose that information on your life insurance application.
WILL THESE MEDICATIONS MAKE ME INELIGIBLE FOR BURIAL INSURANCE WITH COPD?
Some insurance companies look for a combination of certain drugs. If you are taking 2-3 medication combos for asthma and COPD, they may consider you as a COPD patient. It varies from company to company, and they have different procedures to come to these conclusions.
If you are taking any COPD medication, you can still be eligible for burial insurance with COPD. Most individuals with COPD will be able to qualify for burial insurance without a medical exam.
Funeral Funds works with top-rated insurance companies that will qualify you for COPD burial insurance.
COPD OXYGEN USE AND LIFE INSURANCE
If you are on oxygen to treat your COPD, your best option is our hybrid first-day benefits program (if not using oxygen 24 hours a day).
Every life insurance carrier will ask about oxygen use. If you say yes to oxygen use, you will be flat-out declined by all companies that offer first-day coverage. That’s why we recommend our hybrid first-day benefits program (if not using oxygen 24 hours a day).
EXCEPTION: The only exception for oxygen use is if you are using it due to sleep apnea.
WHY DO YOU NEED GUARANTEED ISSUE BURIAL INSURANCE IF YOU HAVE SEVERE COPD?
We recommend buying a guaranteed issue burial insurance plan despite the two-year waiting period because your health could change at any moment. We don’t know what will happen tomorrow, and your lung function could get worst. You will be prescribed oxygen to breathe.
Postponing your application until later is not wise.
Getting a guaranteed issue policy will be your only option for coverage. Since a guaranteed issue policy is your only option for coverage, apply now and start working on your waiting period.
This means that you still have to wait two years before you are covered for a natural cause of death. If you get a policy now, you start on the waiting period immediately, and whatever happens to your health you are covered after the waiting period.
Guaranteed acceptance life insurance is the best life insurance plan for severe COPD. It may be more expensive than plans with health questions, but it is, guaranteed. Your acceptance is guaranteed without having to answer any health questions or undergo any medical exam.
Purchase a guaranteed acceptance life insurance NOW if you have COPD. You won’t lose money with this plan, and it ends up costing less than not having insurance coverage at all.
HOW SHOULD I PAY MY PREMIUMS?
|Savings Account||Best way to pay|
|Checking Account||Best way to pay|
|Money Order||Not recommended|
|Cashier's Check||Not recommended|
|Debit Card||Not recommended|
|Credit Card||Not recommended|
|Direct Express||Not recommended|
Among these methods, savings or checking accounts is the best. 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 will not worry about your policy lapsing due to non-payment.
|PAYMENT FREQUENCY||RECOMMENDED||ACCEPTED BY|
|Quarterly||Not Recommended||Some Companies|
|Semi-annually||Not Recommended||Some Companies|
|Annually||Not Recommended||Some Companies|
COPD AND BURIAL INSURANCE RIDERS
You have the option to add a policy rider to your basic policy. Insurance riders add benefits to your policy. Adding insurance riders will enhance your policy to fit your specific needs.
Some riders can be added to your policy without additional cost. However, some riders come with some extra costs. Don’t worry; riders are affordable, and it involves little to no underwriting.
|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 LIFE INSURANCE
Ease of issue. Easy to qualify and be eligible for insurance coverage. No medical exam is required, you are only required to answer a few health questions.
Level premium. Your premium will never increase for any reason. It is locked into a rate at your approval date age, and the premium will never increase regardless of advancing age or medical conditions.
Tax-free. The death benefit payout is paid to your beneficiary tax-free.
Fixed death benefit. Your death benefit amount is fixed and guaranteed to never decrease for any reason.
You can get a smaller amount of coverage. Burial insurance policy can range from $1,000 to $50,000 you can purchase the amount you need.
Has a cash value component. Burial insurance is a whole life insurance policy that builds cash value over time.
Not cancelable. Your insurance policy can never be canceled by the life insurance carrier as long as premium payments are made on time.
INFORMATION WE NEED IF YOU HAVE COPD
To help you prepare for a life insurance application, let’s look at some of the question life insurance providers will ask you about your COPD:
- When were you diagnosed with COPD?
- Do you have other lung issues like asthma, emphysema or chronic bronchitis?
- Were you hospitalized for your COPD? What treatment did you receive?
- Do you smoke?
- What prescription drugs are you taking for your COPD?
CAN I GET BURIAL LIFE INSURANCE WITH COPD?
Getting approved for a burial life insurance policy with first-day benefits with COPD is possible.
A mild case of COPD may often qualify you for a level death benefit with some companies, meaning you are immediately covered from day one (just like a healthy person).
With a moderate case of COPD, where coughing, shortness of breath and other symptoms are present, your ability to get approved can be impacted. You will need to find a life insurance company that specializes in offering high-risk policies.
If you can qualify for a level death benefit with COPD, buy it now! There is no known cure for COPD, this disease will progressively get worse, and your medical situation will often get progressively worse. The more symptoms you develop over the years, the more treatment you get will surely prevent you from your desired level of coverage.
HOW TO GET THE BEST BURIAL INSURANCE RATES WITH COPD?
Finding the best burial life insurance rates when you have COPD is simple. You need the assistance of an independent life insurance agency like Funeral Funds to do the work for you.
An independent life insurance agency represents multiple life insurance companies. They will be able to compare prices from different insurance companies. Doing this will give you the best deal based on your medical situation.
Letting us compare prices will help you get the best burial insurance rates with COPD.
HOW CAN FUNERAL FUNDS HELP ME?
Need burial insurance? Instead of wasting hours talking to different agents answering the same questions over and over again, let us do the work for you to find affordable burial insurance.
Funeral Funds is an independent insurance agency that can shop your application to many companies available. This way you can be sure that you are going to get the best carrier that favors your age and health.
We specialize in assisting people to find low-cost burial policies to cover final expenses. We work with the top-rated life insurance companies in the United States, many of which offer immediate coverage with the lowest rates.
It is essential to work with us to help you through the process of looking for an affordable burial insurance policy. We will help you get the right insurance company with the best price and best value of coverage.
There are many life insurance companies on the market today that you can choose from. Some of them are more lenient towards your COPD diagnosis than other carriers. We have worked with many applicants with COPD, and we know the companies that will give you the best plans with immediate coverage.
If you need help finding burial life insurance, please don’t hesitate to contact us at (888) 862-9456. Fill out our instant QUOTE form on this page and we will give you the best rates available for final expense life insurance.