Life Insurance For Dialysis Patients

Life insurance for dialysis patients is possible. However, your options are very limited.

IMPORTANT: Chronic or end-stage kidney failure is a terminal condition, there is no insurance company that will offer first-day coverage. Your best option will be a two-year waiting period plan.

If you or a family member have end-stage renal failure who is receiving dialysis and would like more information about burial insurance, in this article we will tell you how you can qualify for the most affordable burial insurance policy possible.

FOR EASIER NAVIGATION:


WHAT IS MY BEST INSURANCE OPTION IF I HAVE A HISTORY OF DIALYSIS?

Insurance companies realize that end-stage renal failure is a life-threatening medical condition. This is why people undergoing dialysis treatment are considered high-risk life insurance applicants.

Polycystic kidney disease life insurance and insurance for ESRD patients are available. However, your best option is to get a guaranteed issue life insurance or guaranteed acceptance life insurance.

These are life insurance policies that guarantee coverage to all applicants regardless of their medical condition.

Best Option: Guaranteed issue life insurance


WHAT ARE THE REQUIREMENTS TO QUALIFY FOR GUARANTEED ISSUE LIFE INSURANCE?

There are only three requirements that must be met before an applicant can qualify.

  1. The applicant must be a US citizen
  2. The product must be available in your state.
  3. The applicant must be between the ages of 50-85.

Call us if you need guaranteed issue life insurance age 49 and below.


PROS OF GUARANTEED ISSUE LIFE INSURANCE

  1. Guaranteed acceptance life insurance policies require no medical exams, so people with poor health like dialysis patients can receive coverage automatically. Since there is no medical underwriting, application approval will only take days not weeks.
  2. Guaranteed life insurance, like traditional term life insurance, pays cash to a beneficiary upon the death of the insured.
  3. You cannot be turned down even if you have a pre-existing condition. You’ll qualify for this policy as long as you are a US citizen and you meet the age requirement which is 40-85.
  4. Small face amount options. Most guaranteed issue policies allow you to buy as low as $5,000 in coverage. You can only buy the amount that you need. You can do so to ensure your final expenses are taken care of.


CONS OF GUARANTEED ISSUE LIFE INSURANCE

  1. Guaranteed acceptance life insurance policies are usually limited to $25,000 in coverage. While it’s possible to buy multiple policies to make the total coverage exceed the $25,000 in coverage, financially it’s not a great option to consider.
  2. Most guaranteed acceptance life insurance policies cost more than a traditional term or whole life insurance policies that require a medical exam. The cost of the premium is higher because insurance companies take on higher risk with this type of policy, they must charge more to cover their increased risk.
  3. Waiting period – All guaranteed issue life insurance policies have a graded benefit clause which states guaranteed life insurance policy will not provide coverage for natural causes of death for a specified period of time typically two to three years once you purchase your life insurance policy.

There is a two-year waiting period before your guaranteed acceptance life insurance policy will provide coverage for natural causes of death.

Death by natural causes

It is essential to understand what death by natural cause is. A natural cause of death is any type of death that is caused by an illness.  An illness such as heart disease, cancer, stroke, diabetes, etc.

If an insured dies due to natural causes during the waiting period, insurance companies will refund all the premiums paid to the beneficiary plus 7-10% interest.

Guaranteed acceptance life insurance policies will immediately cover accidental causes of death which include motor vehicle accidents, slip, and fall, natural disaster, etc.


THE REASON WHY DIALYSIS PATIENTS NEED TO WAIT

Dialysis patients are considered higher-risk applicants because they have a significantly lower life expectancy than the average person. It is the reason why insurance companies require a 24 months waiting period before they can pay out the full death benefit.

Healthy living, following your doctor’s orders, and going through regular dialysis treatment can prolong your life for many years.

Many people on dialysis can live up to 20 to 30 years despite their medical condition. If you are on a transplant list, we hope that you find a donor soon. Guaranteed acceptance is the only dialysis insurance accessible to you.


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 PLANFEATURES
1st Day CoverageYES
Lifetime CoverageYES
Rates NEVER IncreaseYES
Coverage NEVER DecreasesYES
Easy To Get ApprovedYES
FUNERAL FUNDS INSURANCE BENEFITS 
Rates Never IncreaseYes
Coverage Never DecreasesYes
No Medical ExamYes
Same Day ApprovalYes
Death Claims Pay FastYes
Builds cash valueYes
Coverage Up To Age 121 Yes


IF I HAVE DIALYSIS TREATMENT, 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 for dialysis patients.

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!


HOW MUCH INSURANCE DO I NEED IF I HAVE DIALYSIS TREATMENT?

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


DIALYSIS 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


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 FOR DIALYSIS PATIENTS

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

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

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.


THE TRUTH ABOUT LIFE INSURANCE FOR DIALYSIS PATIENTS

Are you shopping for life insurance for kidney dialysis patients? You need to be selective about what you read online regarding this subject. We know you will often research multiple sites before you make up your mind.

Do not believe websites that will offer you immediate coverage even if you are on dialysis, because they are lying.

End-stage renal disease is a terminal condition.

While it is true, you can get a guaranteed acceptance life insurance policy when you are currently undergoing dialysis, no life insurance company will offer you coverage for medical or health-related deaths from the very first day.

The only option you have is a two-year waiting period policy. That means you have to wait 24 months after you take out the policy before you’re fully covered.

All guaranteed acceptance life insurance policies have a two-year waiting period. You will need to wait for two years before the life insurance company will pay out the death benefit. If you die during the first two years, the insurer will refund all the premiums you paid plus interest.

If you are nearing end-stage renal failure looking at the possibility of dialysis, then now is the time to lock in your best coverage.


WHAT IF I HAVE HAD A KIDNEY TRANSPLANT?

If you had a kidney transplant, your best option is guaranteed issue life insurance with a two-year waiting period; unfortunately, there’s no way around that.

After having a kidney transplant, you will be on anti-rejection medication for the rest of your life. There is no guarantee that a kidney transplant will succeed over a long period of time. If you are in that situation, understand that the best thing to do is get a guaranteed acceptance life insurance policy with a two-year waiting period.


HOW TO FIND THE BEST LIFE INSURANCE FOR DIALYSIS PATIENTS

Getting life insurance is a task that most people avoid because of the level of difficulty. The truth is getting life insurance doesn’t have to be a daunting task. It’s simple; you just have to make sure you are working with experts in getting burial insurance for dialysis patients.

At this point, you already know that guaranteed acceptance life insurance is your only option. The best-guaranteed issue life insurance policy is the one that costs the least and only has a two-year waiting period.

The most important step you can take to get insurance coverage is to work with an independent broker like Funeral Funds who specializes in helping folks qualify for high-risk life insurance coverage.

We will assist you in getting the coverage you need at the price you can afford. We are experts in insurance company underwriting criteria and the requirements for dialysis patients.

Identifying the most affordable policy options with the best insurer will save you money. Dialysis treatment is expensive. The money you can save can help you manage your health condition.


HOW CAN FUNERAL FUNDS HELP ME?

Trying to find a policy with Kidney Dialysis needn’t be a frustrating process; working with an independent agency like Funeral Funds will make the process easier and quicker.

We will work with you every step of the way to find the plan that fits your financial requirements and budget. You don’t have to waste your precious time anymore searching for multiple insurance companies because we will do the work for you.

We work with many A+ rated insurance carriers that specialized in covering high-risk clients like you. We will search all those companies and 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 Kidney Dialysis funeral insurance, or Kidney Dialysis burial insurance, or Kidney Dialysis life insurance, we can help.

Fill out our quote form on this page or call us at (888) 862-9456 and we can give you an accurate quote.

Funeral Insurance, Final Expense Insurance, Burial Insurance For Dialysis Patients Infographic

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