If you are looking for PTSD burial insurance, we have good news for you. Most burial insurance or final expense companies are accepting of people with PTSD. In fact, you will rarely find some that ask about PTSD in the application.
If you have PTSD, you should qualify for immediate coverage no waiting period with most burial insurance companies. You will get full protection from day one and you will pay the lowest premium.
The good news is you don’t have to take a medical exam or give a doctor’s record to qualify because final expense insurance is a simplified issue. There are only some basic health questions to answer. Your application for coverage will be approved within a few minutes.
Having PTSD can make life challenging, but be assured that PTSD will not make your premiums higher, or require you to have a waiting period.
FOR EASIER NAVIGATION:
WHY LIFE INSURANCE COMPANIES CARE IF YOU HAVE PTSD
According to PTSD United, approximately 44.7 million Americans have been struggling with post-traumatic stress disorder (PTSD). It is often associated with active military personnel or veterans, but it can affect anybody who has been involved in a stressful event such as:
- Abuse or assault
- Combat experience
- Natural disasters
- Traumatic accidents
- Terrorist attacks
- Sudden or major loss
PTSD can cause physical and mental symptoms such as:
- Traumatic flashbacks
- Increased heart rate
- Agitation and irritability
These symptoms can be triggered by small things like a word, object, song, or situation that can cause the person to remember the traumatic event. These triggers can make it difficult for someone with PTSD to hold a job or be a contributing member of the family.
Many people can quickly recover from PTSD symptoms, but others continue to have symptoms for months or years. PTSD can affect your general health, and it can also affect your life insurance rates in some cases.
People with PTSD are prone to developing depression, anxiety, sleep disorders, suicidal tendencies, alcohol, and drug problems. Each of these conditions may be considered high risk by some life insurance companies.
PTSD on its own is not life-threatening, but it can adversely affect mental and physical health. People with PTSD have a higher risk of suicide and alcohol and drug abuse than the general population. It has been reported that 22 veterans commit suicide every day.
Most life insurance companies want to see that PTSD is stable and under control. They also want to know that you are a well-functioning member of society.
INFORMATION WE NEED IF YOU HAVE PTSD
When applying for burial insurance coverage with PTSD, it is important to provide us as much information as possible. Your health information will help us understand your current health and what plan is suited for your condition.
Here’s some of the information we need to know if you have PTSD:
- When did you have a PTSD diagnosis?
- Who gave your PTSD diagnosis, is it a psychiatrist or general practitioner?
- What PTSD treatment methods are you using?
- How long have you been taking PTSD treatment?
- What medications are you taking for PTSD?
- Have you ever took time off from work because of your PTSD?
- Have you been hospitalized due to PTSD?
- Did you contemplated or attempted suicide?
- Do you have alcohol or drug abuse history?
- Do you have suspended license, DUI or multiple moving violations?
Knowing some of your medical details will help us provide you with the best recommendation and an accurate quote.
UNDERWRITING PTSD BURIAL INSURANCE
Final expense insurance companies will assess your health in two ways to check your level of risk.
- Health questions
- Prescription history check
Both of these can verify your current health and give the company the information they need to decide if you will qualify for coverage.
You will notice that PTSD is usually not mentioned in any health questionnaire in the application.
Since most insurance providers don’t ask about PTSD, it means they won’t count it against you when seeking approval for a policy. Remember, an insurance company is perfectly fine and accepting of any health condition if they don’t ask about it.
Honestly, you will hardly find any health questions asking about PTSD. Most funeral insurance companies never ask about PTSD.
But, if you are not comfortable answering health questions, some burial insurance plans have no health questions at all. They will never ask about your health or check your medical history or prescription history. They will approve your application regardless of your medical condition.
PRESCRIPTION HISTORY CHECK
Aside from the health questions, burial insurance companies will also electronically check your prescription history to verify your health. They will look into your prescription history to review your current medication or what you’ve taken in the past to treat your PTSD. They will do this to help them assess the severity of your condition.
Most PTSD patients are taking different medications to manage their condition. Taking any of these prescription drugs, will not be a problem at all.
Here’s a list of PTSD medications that burial insurance companies are okay with:
- aripiprazole (Abilify)
- asenapine (Saphris)
- bupropion (Wellbutrin)
- clonidine (Catapres)
- desvenlafaxine (Pristiq)
- divalproex sodium (Depakote)
- duloxetine (Cymbalta)
- fluoxetine (Prozac)
- guanfacine (Tenex)
- lamotrigine (Lamictal)
- olanzapine (Zyprexa)
- paliperidone (Invega)
- paroxetine (Paxil)
- prazosin (Minipress)
- quetiapine (Seroquel)
- risperidone (Risperdal)
- sertraline (Zoloft)
- tiagabine (Gabitril)
- venlafaxine (Effexor)
If you are taking any of these medications to keep your PTSD under control, it won’t make any difference. Final expense insurance companies are perfectly fine with these, and your insurance application will be approved as long as you have no other serious health issues.
The only way these medications would be an issue will be if you’re applying with a company that is not PTSD friendly. However, most companies are accepting of your condition. We will help you find them.
DIFFERENT TYPES OF PTSD
- Normal Stress Response – this condition occurs if you have been exposed to a single traumatic event during adulthood. And you have experienced emotional numbing, intense bad memories, feelings of unreality, physical tension, and distress. Individuals with normal stress responses usually have a complete recovery within a few weeks.
- Acute stress disorder – it is characterized by panic reactions, severe insomnia, mental confusion, suspiciousness, and inability to manage basic self-care, work, and related activities. Sometimes people with this condition will develop anxiety and depression.
- Uncomplicated PTSD – it has the same cause as an acute stress disorder, but the symptoms are different. They relieve the traumatic event and avoid reminders of the event. This type of PTSD doesn’t affect life insurance approval if it doesn’t turn into chronic depression or suicide attempts.
- Comorbid PTSD – PTSD patient experiences symptoms along with other psychiatric disorder or mental illness such as depression, panic disorder, anxiety disorder, alcohol or drug abuse. PTSD and the underlying psychiatric disorder must be treated simultaneously to have the best outcome.
- Complex PTSD – also called a disorder of extreme stress results from exposure to a prolonged traumatic event, especially during childhood such as childhood sexual abuse. People who have complex PTSD are often diagnosed with a dissociative disorder or antisocial personality disorder.
Whatever type of PTSD you have, it will not matter. You can still qualify for level death benefit with no waiting period if you are generally healthy and have no serious medical condition.
PTSD BURIAL INSURANCE OPTIONS
Types of burial insurance available for people with PTSD:
LEVEL DEATH BENEFIT
Typically, someone who has a mild to moderate PTSD who has been taking medication, with no history of suicide attempts, who are generally in good health, will qualify for a level death benefit.
Minor health issues such as high blood pressure or high cholesterol is a non-issue, and you will still qualify for level death benefit plan.
Level death benefit has simplified underwriting. You are not required to take a medical exam, but you need to answer some questions about your health. Your answer to the health questions will determine if you will qualify for coverage and how much you will pay.
This is burial insurance with no waiting period, the best feature of this plan is 100% coverage from day one. You will be instantly covered, and your beneficiary will receive a full death benefit when you pass away for any reason.
MODIFIED DEATH BENEFIT
Most life insurance companies offer modified benefit plans to those who have PTSD with a history of alcohol and drug abuse who have been sober for a year.
Graded death benefit only offers partial coverage for the first two years before the policy is in force. It is the next best benefit to go for if you cannot qualify for level death benefit because of PTSD symptoms or other health complications.
Here’s how it works. If you pass away on the first year of the policy, your beneficiary will only receive 30-40% of the face amount. If you pass during the second year, your beneficiary will receive 70-80% of the death benefit. 100% of the death benefit will be paid to your beneficiary if you die within the third year of the policy.
GUARANTEED ISSUE BURIAL INSURANCE
People who have severe PTSD who has been hospitalized and with suicide attempts, have a severe medical condition or currently on disability will only qualify for guaranteed issue whole life insurance. There’s no medical exam, and you don’t need to answer any health questions.
Guaranteed issue burial insurance does not mind if you have a mild or severe PTSD with a disability because disability is a non-issue with burial insurance companies. While guaranteed acceptance may cost a bit more than the level death benefit, you don’t have to worry about the chances of being denied coverage due to your medical condition.
People with PTSD can easily get guaranteed issue whole life policy. The minimum age requirement is 50 to 85 years old. If you’re a U.S. citizen and you qualify on the age requirement, and the policy is available in your state, you will be eligible for this policy.
Guaranteed issue burial insurance is graded for the first two years of the policy for natural causes of death. The policy will only pay the full death benefit if you die from an accident during the two-year waiting period.
If you die from an illness during the waiting period the insurance company will only pay your beneficiary with all the premiums paid plus 10% interest. After the two-year waiting period, you are fully covered, and your beneficiary will receive the 100% death benefit payout if you die for any reason.
FACTORS THAT MAY AFFECT YOUR ELIGIBILITY
PTSD WITH ALCOHOL ABUSE OR DRUG ABUSE
If your alcohol or drug abuse occurred within the past year
If your alcohol or drug abuse is within the past year or you are currently using alcohol, you will not be eligible for a level death benefit. A guaranteed issue life insurance policy is your best option for coverage.
Current alcoholics or drug users can find this option an excellent route to take. The application process is straightforward with approvals between 24 to 48 hours.
If your alcohol or drug abuse occurred within the past 24 months
If you were recommended for treatment because of alcohol or drug abuse within the past 24 months, you would qualify for a modified death benefit or partial first-day coverage burial insurance. If you’ve been sober for a year, you will be eligible for a modified plan.
If your alcohol or drug abuse diagnosis, recommendation for treatment or treatment is beyond 24 months
Many final expense insurance companies will allow you to qualify for immediate full coverage if it has been 24 months or longer since diagnosis, recommendation for treatment and treatment occurred.
Level death benefit offers immediate 100% coverage on the first day. It is the best burial insurance death benefit that you can get if you have PTSD with a history of alcohol or drug abuse. Your beneficiary will receive your full death benefit whenever you pass away.
HOW CAN FUNERAL FUNDS HELP ME?
Trying to find a policy with a post-traumatic stress disorder (PTSD) needn’t be a frustrating process; working with an independent agency like Funeral Funds will make the process easier and quicker.
If you have a health history of PTSD, let us help you; we will work with you side by side to find a plan that fits your needs.
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 dirty work for you.
We will shop your case to different insurance carriers and get you the best price.
We work with many A+ rated insurance carriers that specialized in covering high-risk clients like you. We will search for 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 PTSD funeral insurance, or PTSD burial insurance, or PTSD 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 burial insurance quotes.