HBP TEMPLATE TEST
Posted in UncategorizedCan you get burial insurance with high blood pressure? The quick answer is YES. You can qualify for burial insurance even if your high blood pressure is uncontrollable and you are using prescription medications to control it.
The truth is … people with high blood pressure are approved for burial insurance all the time!
The majority of life insurance companies will issue you a policy with a level death benefit. The greatest advantage of the level death benefit plan is that it comes with first-day coverage and no waiting period. You will also qualify for the lowest rates.
| FUNERAL FUNDS COVERAGE | STARTS WHEN? |
|---|---|
| Health or Medical Related Death | 1st Day Coverage |
| Accidental Death | 1st Day Coverage |
| Future Health Problems | 100% Covered |
This article will tell you how to qualify for the best plan with the best rates. You will also see the actual pricing to give you an overview of how much you will pay for burial insurance.
DO I NEED TO TAKE A MEDICAL EXAM TO QUALIFY?
You don’t need to take a physical or medical exam to qualify for burial insurance. You skip the needles, and you don’t need to submit a blood or urine sample either.
Here are the essential facts about no medical exam insurance:
| FUNERAL FUNDS INSURANCE | INCLUDED |
|---|---|
| 1st Day Coverage Available | YES |
| Pricing Never Increases | YES |
| Coverage Never Decreases | YES |
| Poor Health Accepted | YES |
You will only need to complete a simple health questionnaire to qualify. Most of the time, you’ll only need to answer about 10 to 20 easy health questions to qualify.
Getting burial insurance with no waiting period is super easy. Just apply to a company that asks health questions on the application.
Fill out our instant QUOTE form to get an accurate quote for no exam burial insurance.
HOW DO INSURANCE COMPANIES PERFORM UNDERWRITING?
Burial insurance will check your answer to the health question to verify your health. Make sure you answer the health questions truthfully.
Here are some health questions you will see on the application (Insert image of health questions)
The insurance company will also check your prescription history. Certain medicines can have an immediate effect on blood pressure. Here’s a list of medications the insurance companies will look for when you have high blood pressure:
| HIGH BLOOD PRESSURE MEDICATIONS | ||
|---|---|---|
| Altace | Cozaar | Minoxidil |
| Amyl Nitrate | Diovan | Monoket |
| Atacand | Enalapril | Propranolol |
| Atenolol | Exforge | Micardis |
| Avapro | Hydrochlorothiazide | Norvasc |
| Avalide | Hyzaar | Ramipril |
| Amlodipine | Furosemide | Spironolactone |
| Benicar | Lasix | Tekturna |
| Bystolic | Lisinopril | Triamterene |
| Carvedilol | Lopressor | Valsartan |
| Clonidine | Losartan | Verapamil |
| Chlorthalidone | Lotrel | |
| Coreg | Metoprolol | |
If you have high blood pressure when you apply for burial insurance coverage and you’re taking one or more of these medications, don’t worry. Most insurance companies won’t even care.
Do you have other health problems aside from high blood pressure? Check this table to see your eligibility.
| MEDICAL CONDITIONS | |
|---|---|
| AFIB | 1st-day Coverage |
| Cancer | Over 2 years = First day coverage Under 2 years - Hybrid coverage |
| Cholesterol | 1st-day Coverage |
| Congestive Heart Failure | Hybrid Coverage |
| COPD | Possible 1st-day coverage if no oxygen or smoking |
| Dementia | 2-year wait only |
| Diabetes | 1st-day Coverage |
| 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 |
| Hospice | 2-year wait |
| Liver Disease | Hybrid Coverage |
| Neuropathy | 1st-day 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 |
HOW MUCH INSURANCE DO I NEED?
The amount of burial insurance you need varies depending on your personal and financial circumstances, but it should cover the cost of your end-of-life 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 t pay. Other end-of-life expenses to consider are your outstanding medical bills, living expenses, credit card bills, and legal costs, to name a few.
Guide Questions to Calculate Your Final Expense Needs
The amount of burial insurance you need will depend upon your final wishes. Use these guide questions to help you determine how much burial insurance you need:
- Do you want to be embalmed?
- Do you want to be cremated or buried?
- What type of casket do you want?
- Would you have a viewing? How many days?
- What kind of headstone do you want?
- How far is the funeral home from your house?
- What kind of service will you use for transportation?
- What type of funeral home facilities will your family need to use?
- How many death certificates will your family need to close your estate?
- How much allowance will you allot for other final expenses?
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 |
You can request a general price list from your nearest funeral home to know how much each service cost. Compute all the costs associated with the funeral and burial to determine your final expense costs.
Here are the steps to calculate your burial insurance needs:
Determine how much insurance you need to cover your final expenses.
1. Compute the cost of everything you need for the funeral and burial to determine how much insurance coverage you need. Use the guide questions above. You should do some online research to determine the funeral cost in your area.
2. Include other costs such as medical bills and any outstanding debts you have on the computation. Other end-of-life expenses you will need to compute are the remaining medical bills, legal costs, living expenses, credit card bills, and other past due accounts.
3. Factor the inflation in your computation. The average funeral and burial costs are around $10,000, and it’s wise to plan on at least $15,000 to cover inflation.
Considering all these things will enable you to calculate how much burial insurance coverage you should buy.
WHAT IS MY BEST INSURANCE OPTION IF I HAVE HIGH BLOOD PRESSURE?
Life insurance with level benefit is your best option if you have high blood pressure. Level benefit plan comes with first-day coverage and no waiting period. This is the best option because it offers the lowest possible rate.
| COVERAGE AVAILABLE | RECOMMENDED | WILL YOU QUALIFY |
|---|---|---|
| 1st Day Coverage | Yes | Yes...do this one! |
| 1-Year Waiting Period | No | Yes...but don't do it! |
| 2-Year Waiting Period | No | Yes...but don't do it! |
One of the best benefits of burial insurance with level benefit is easy underwriting. Most health conditions may be declined from traditional life insurance are accepted. The easy underwriting allows many seniors with high-risk medical conditions to qualify for coverage.
Here are the benefits of first-day coverage life insurance:
| FUNERAL FUNDS INSURANCE BENEFITS | |
|---|---|
| Rates Never Increase | Yes |
| Coverage Never Decreases | Yes |
| No Medical Exam | Yes |
| Same Day Approval | Yes |
| Death Claims Pay Fast | Yes |
| Builds cash value | Yes |
| Coverage Up To Age 121 | Yes |
WHAT TYPES OF POLICIES SHOULD I AVOID?
Here are the types of life insurance policies you should avoid:
| PLANS TO AVOID | |
|---|---|
| Term life | |
| Pre-paid funeral plans | |
| Universal life | |
| No health questions policies | |
| Price goes up every 5 years | |
| Plans offering "teaser rates" | |
| Two-year waiting period | |
| Over priced plans | |
| Plans that accept mail-in payments | |
| Plans that accept Direct Express | |
| Plans that accept Credit Cards | |
| TV and junk mail plans | |
| $9.95 per unit plans |
WHAT IS THE COST OF BURIAL INSURANCE?
The average cost of burial insurance is typically $50 per month, and the most common face amount purchased is $10,000.
Your specific burial insurance cost might be higher or lower depending on these factors:
- Age
- Gender
- Face Amount
- Tobacco usage
- Health condition
- Pre-existing condition
AGE
Every life insurance company has a specific price for each age or age band. Some have a set price for age 50, 51, and so on. Other companies have set pricing according to age band. They have one price for ages 50-55 up until 80 to 85.
If you purchase burial insurance when you are 50, you will pay less premium than if you wait to buy insurance when you’re 80. The older you are, the higher the premium you will pay because the insurance companies will take more risks in insuring older folks who are statistically closer to their mortality.
Insurance companies charge a higher premium each year you get older. Today, buying burial insurance will lock in the price at your current age, and your premium will remain the same for life.
GENDER
Your gender is one important factor that determines the cost of your insurance coverage. Men generally pay more premium than women. If you’re wondering why men pay more than women, the reason is simple.
Women, on average, live much longer than men do. In the US, women’s average life expectancy is 81.65 years, while the men’s life expectancy is 76.61. Women live 5.04 years longer than men. Therefore, women will pay longer than men, and the reason why they pay less on life insurance.
FACE AMOUNT
The amount of coverage you need is also a determining factor of how much you will pay on life insurance. For example, your insurance cost per $1,000 of coverage is $5.53 per month. If you want a $10,000 policy, then your total monthly premium would be $55.30 per month.
The more insurance coverage you want, the higher the premium will be.
TOBACCO USAGE
Most life insurance companies ask about tobacco usage because they have set pricing for tobacco and non-tobacco users. They have different rates for tobacco and non-tobacco users, and they charge a higher premium to applicants who use tobacco products.
Cigarette smoking is considered a major health risk that could significantly reduce life expectancy. It is the reason why smokers pay more for life insurance.
It is important to understand that some insurance carriers assign non-tobacco ratings if you chew, smoke a pipe, smoke cigars, or smoke e-cigarettes. Only cigarette smoking is charged with tobacco rating.
Sample Burial Insurance Rates for Male
| AGE | NON-SMOKER | SMOKER |
|---|---|---|
| 50 | $28.80 | $40.47 |
| 55 | $35.11 | $49.84 |
| 60 | $45.53 | $65.29 |
| 65 | $59.50 | $84.73 |
| 70 | $77.50 | $118.48 |
| 75 | $109.30 | $152.23 |
| 80 | $166.52 | $215.60 |
| 85 | $220.83 | $296.05 |
Sample Burial Insurance Rate – Female
| AGE | NON-SMOKER | SMOKER |
|---|---|---|
| 50 | $22.32 | $31.75 |
| 55 | $27.53 | $41.05 |
| 60 | $34.91 | $50.34 |
| 65 | $45.00 | $62.88 |
| 70 | $57.50 | $79.17 |
| 75 | $80.30 | $105.90 |
| 80 | $118.90 | $162.36 |
| 85 | $177.50 | $214.67 |
YOUR HEALTH AND PRE-EXISTING CONDITION
Your health and pre-existing conditions also factor in the cost of burial insurance. Your health determines your risk classification. The riskier you are to insure, the higher your premium will be.
Having a pre-existing medical condition can cost you more money on insurance because medical conditions can significantly decrease your life expectancy. Also, some pre-existing conditions can be so high-risk that qualifying for first-day coverage is impossible.
The best part about buying burial insurance when you are younger is that you lock in a lower premium for the rest of your life. Being younger means you are less likely to have any serious illness that could prevent you from qualifying for first-day coverage with no waiting period.
Serious illnesses usually manifest when you are older. So, you’ll want to take immediate action and buy burial insurance protection now to cover your final expenses.
| CONDITION | PREMIUM |
|---|---|
| Younger | Lower Premium |
| Older | Higher Premium |
| Female | Lower Premium |
| Male | Higher Premium |
| Non-Smoker | Lower Premium |
| Smoker | Higher Premium |
| Healthy | Lower Premium |
| Pre-existing condition | Higher Premium |
Here’s a sample rate to give you an idea of how much burial insurance will cost:
SAMPLE RATE FOR FEMALES
| Mutual of Omaha | 50 | 55 | 60 | 65 | 70 | 75 | 80 | 85 |
|---|---|---|---|---|---|---|---|---|
| $5,000 | $13.94 | $18.04 | $18.04 | $22.11 | $28.22 | $39.82 | $50.82 | $69.55 |
| $10,000 | $24.67 | $28.40 | $32.87 | $41.01 | $53.54 | $72.41 | $98.43 | $135.90 |
| $15,000 | $35.40 | $41.00 | $47.70 | $59.91 | $78.26 | $107.01 | $146.05 | $202.25 |
| $20,000 | $46.14 | $53.60 | $62.53 | $78.82 | $103.28 | $141.62 | $193.66 | $268.60 |
| $25,000 | $56.87 | $66.19 | $77.36 | $97.72 | $128.29 | $176.22 | $241.28 | $334.94 |
SAMPLE RATE FOR MALES
| Mutual of Omaha | 50 | 55 | 60 | 65 | 70 | 75 | 80 | 85 |
|---|---|---|---|---|---|---|---|---|
| $5,000 | $16.18 | $19.15 | $22.98 | $29.48 | $38.45 | $51.37 | $67.93 | $93.18 |
| $10,000 | $29.16 | $35.09 | $42.76 | $55.76 | $73.70 | $99.53 | $132.65 | $183.15 |
| $15,000 | $42.13 | $54.04 | $62.53 | $82.04 | $108.95 | $147.69 | $197.38 | $273.13 |
| $20,000 | $55.11 | $66.98 | $82.31 | $108.31 | $144.20 | $195.85 | $262.11 | $363.10 |
| $25,000 | $68.09 | $82.93 | $102.08 | $134.59 | $179.45 | $244.02 | $323.83 | $435.08 |
If you want to know how much your burial insurance will cost, click on the instant quote form to get an accurate quote.
HOW CAN I PAY MY PREMIUMS?
There are different methods of paying your premiums. You can choose from:
- Cash
- Money order
- Cashier’s check
- Debit card
- Credit card
- Direct Express
- Savings account
- Checking account
| PAYMENT METHOD | RECOMMENDED? |
|---|---|
| Cash | No |
| Money Order | No |
| Cashier's Check | No |
| Debit Card | No |
| Credit Card | No |
| Direct Express | No |
| Savings Account | Yes |
| Checking Account | Yes |
Among these methods, we recommend you set a bank draft from your savings or checking account. That way, the bank will automatically pay your premium each month.
You can also choose your payment frequency. You can pay:
- Monthly
- Quarterly
- Semi-annually
- Annually
| PAYMENT FREQUENCY | RECOMMENDED | ACCEPTED BY |
|---|---|---|
| Monthly | Recommended | All Companies |
| Quarterly | Not Recommended | Some Companies |
| Semi-annually | Not Recommended | Some Companies |
| Annually | Not Recommended | Some Companies |
CAN I BUY INSURANCE FOR SOMEONE ELSE?
Yes. You can buy burial insurance for someone else, however, you need to have consent and insurable interest to buy.
The primary reason for buying burial insurance for someone else is to help protect yourself from financial stress in the event of someone else’s death.
Here are the people you can buy burial insurance because you can generally show insurable interest:
- Children
- Elderly parents
- Spouse or life partner
- Grandchildren
- Brother
- Sister
- Anyone whom you depend on
There are two requirements before you can buy burial insurance on someone else:
1. Insurable interest
Insurable interest means when the insured dies, you will be negatively affected financially. Being related to someone by blood or marriage doesn’t mean you can buy burial insurance on them. You must prove first that their death would negatively affect your finances.
Insurable interest is the reason why you can’t just buy life insurance on a stranger or anybody else. This is because a stranger has no significant effect on your finances. If a stranger dies, you will not suffer any financial loss. Allowing people to own life insurance on anybody could lead to foul play or murder to get an insurance payout.
| RELATION | INSURABLE INTEREST |
|---|---|
| Children | Yes |
| Elderly parents | Yes |
| Spouse | Yes |
| Life partner | Yes |
| Brother | Yes |
| Sister | Yes |
| Grandchildren | Yes |
| Aunt/Uncles | No |
| Stepchildren | No |
| Stepparents | No |
| Nieces/Nephew | No |
| Cousins | No |
| In-laws | No |
| Stranger | No |
2. Consent
While buying burial insurance is legal, if you can show insurable interest, there are still some restrictions. You cannot buy a policy on someone else without them knowing about it. Additionally, somebody else cannot buy a policy on you without your consent.
The proposed insured must be aware that you are buying a policy on them, and they must agree with it. It is nearly impossible to buy life insurance for someone else without their consent because life insurance carriers require the applicant to sign the application. Also, the applicant must give permission to review their medical history.
The only instance in which insurance interest and consent are not needed is when a parent or grandparent purchase life insurance for their minor child. You don’t need consent to purchase a life insurance policy for your child under 18.
Life insurance is a heavily regulated industry. If someone could get a policy on anybody without showing insurable interest and consent, this is considered fraud. Insurance fraud can land you in jail.
Read our article: Buying Burial Insurance on Someone Else if you want to know more.
WHAT ARE POLICY RIDERS?
Insurance policy riders add benefits to your basic life insurance policy. You can customize your policy by adding insurance riders to enhance your policy and make sure it fits your specific needs. There is an additional cost if you decide to add riders to your policy. Riders are affordable, and they involve little to no underwriting.
Here are the common burial insurance policy riders:
Terminal Illness Rider
Terminal illness rider allows you to access a part of your death benefit if you are diagnosed with a terminal illness, and you have six months to one year to live.
Nursing Home Rider
The nursing home rider is a living benefit that lets you access a portion of your death benefit to pay for long-term care expenses. To access this rider, a medical professional must certify that you can’t perform at least two activities of daily living, and you need to be confined to a nursing home.
Accidental Death Rider
Accidental death rider increases your death benefit payout if you die from an accident.
| FUNERAL FUNDS ADD-ONS | AVAILABILITY |
|---|---|
| Terminal Illness Add-On Benefit | Included with most plans |
| Nursing Home Care Add-On Benefit | Included with most plans |
HOW TO GET THE BEST INSURANCE RATES?
The best time to buy burial insurance with the lowest rate is when you are healthier and younger. Getting healthier is not possible 99% of the time, especially when we are getting older. Getting younger is impossible because we get older each year.
If you think you need to lose weight first to get the best rate, you’re wrong. Many people decide to lose weight, and up until now, they haven’t lost weight, and still, they don’t have life insurance.
Are you wanting to quit smoking before getting burial insurance? Think again. Every life insurance company has a 12-month lookback period on smoking. You cannot get the best rate unless you have quit smoking for a year. Get insured now and get back to us when you finally quit smoking for a year, and we will help you get lower rates.
| GETTING THE BEST RATE | |
|---|---|
| Younger | Yes |
| Older | No |
| Healthier | Yes |
| Television | No |
| Junk Mail | No |
| No Health Questions | No |
| Funeral Funds | Yes |
So, when is the best time to get burial insurance with high blood pressure?
Today is the best time to get burial insurance. Each year you procrastinate, you will pay more premium. Get insured today because life is uncertain, and we don’t know what will happen tomorrow.
One last and important tip, shop with an independent insurance agency like Funeral Funds. We work with many top-rated life insurance companies in the market today. We can help you find the best burial insurance company that gives the best rate.
Fill out the quote form on this page or call us at (888) 862-9456 to know your options.
