Burial Insurance with Pre Existing Conditions – What You Need to Know

How do I get burial insurance with pre-existing conditions?

Burial insurance, also known as final expense insurance, is a type of life insurance specifically designed to cover funeral and burial expenses. If you have pre-existing medical conditions, it may be harder to find burial insurance coverage, but it is not impossible. 

Here are some steps to get burial insurance with pre-existing conditions:

1. Research burial insurance providers that offer coverage for pre-existing conditions: Some burial insurance providers are more lenient than others when it comes to pre-existing conditions. Research and compare different providers to find one that suits your needs.
2. Understand the underwriting process: Burial insurance policies typically have simplified underwriting processes than traditional life insurance policies. However, you will still need to disclose your pre-existing conditions during the application process, and the insurer may ask for medical records or a medical exam.
3. Be honest about your health: It is crucial to be honest about your health when applying for burial insurance. Failing to disclose a pre-existing condition could cancel or deny your policy.
4. Consider guaranteed issue policies: If you have a serious pre-existing condition, you may want to consider a guaranteed issue burial insurance policy. These policies do not require a medical exam or health questions, but they often have lower coverage amounts and higher premiums.
5. Work with an insurance agent: An insurance agent can help you navigate the burial insurance application process and find the suitable policy for your needs. They can also help you understand the policy’s terms and conditions and answer any questions you may have.

What are pre-existing conditions for burial insurance?

Pre-existing conditions are medical conditions that were present prior to the burial insurance purchase. These conditions can vary from minor health issues such as high blood pressure to more serious conditions such as cancer or heart disease. Pre-existing conditions can affect burial insurance costs and availability.

Insurance companies consider pre-existing conditions when determining insurance risk. The higher the risk, the higher the premiums will be. In some cases, individuals with pre-existing conditions may be denied coverage altogether.

Common pre-existing conditions for burial insurance include:

1. Cancer: Individuals with cancer may find it challenging to secure burial insurance coverage. The type and stage of cancer, as well as the length of time since treatment, can impact coverage options.
2. Heart disease: Those who have had heart attacks, heart disease, or undergone heart surgery may also face difficulty securing burial insurance coverage.
3. Diabetes: Diabetes patients may pay higher premiums due to long-term health complications.
4. High blood pressure: High blood pressure is a common pre-existing condition and may not prevent an individual from getting burial insurance coverage, but it could result in higher premiums.

It is critical to note that not all pre-existing conditions automatically disqualify an individual from burial insurance coverage. Each insurer has its own underwriting guidelines. It’s essential to research different providers and their policies to find the most suitable coverage options for your specific situation.

List of companies providing burial insurance with pre-existing conditions

Finding burial insurance coverage with a history of -existing conditions can be challenging, but there are insurance companies that offer policies specifically tailored to individuals with pre-existing conditions. Here is a list of companies that provide burial insurance with pre-existing conditions:

1. Mutual of Omaha: 

Mutual of Omaha offers guaranteed issue whole life insurance policies that do not require a medical exam or health questions. These policies are designed for individuals with pre-existing conditions and are available to those aged 45 to 85.

2. Gerber Life Insurance: 

Gerber Life Insurance offers guaranteed-issue life insurance policies that do not require medical exams or health questions. These policies are available to those aged 50 to 80 and can provide coverage up to $25,000.

3. AIG Direct: 

AIG Direct offers simplified issue life insurance policies available to individuals with certain pre-existing conditions. The policies require answering a few health questions, but there is no medical exam required.

4. Colonial Penn: 

Colonial Penn offers guaranteed-issue life insurance policies that do not require medical exams or health questions. These policies are available to 50 to 85 and cover up to $50,000.

5. New York Life: 

New York Life offers simplified issue life insurance policies available to individuals with certain pre-existing conditions. These policies require answering a few health questions, but there is no medical exam required.

It is imperative to note that each insurance company has its own policies and guidelines. The availability and cost of coverage depend on an individual’s pre-existing conditions. It is always advisable to research multiple providers and policies to find the best coverage options for your specific situation.

What is the cost of burial insurance with pre-existing conditions?

The cost of burial insurance for pre-existing conditions will depend on several factors, including the type and severity of the pre-occupied condition, the age of the insured, and the amount of coverage needed. Generally, individuals with chronic -existing conditions can expect to pay higher premiums than those without chronic conditions.

Insurance companies that offer burial insurance with pre-existing conditions typically have different underwriting guidelines, which can affect the cost of coverage. Some insurers may require a medical exam or ask detailed health questions, while others may offer guaranteed issue policies without any medical requirements.

For example, a 50-year-old individual with a cancer history may pay higher premiums than a healthy individual of the same age. Additionally, a policy with a larger coverage amount will generally have higher premiums than a policy with a lower coverage amount.

On average, burial insurance policies with pre-existing conditions can cost anywhere from $50 to $200 per month, depending on the factors mentioned above. However, it is imperative to note that each individual’s situation is unique. The cost of coverage will vary based on their specific pre-existing conditions and coverage needs.

When shopping for burial insurance with pre-existing conditions, it is essential to compare multiple providers and policies to find the highest coverage options at an affordable cost. It is also advisable to work with a licensed insurance agent who can help you navigate the process and find the best coverage options for your specific situation.

What to do if I get rejected because of a pre-existing condition?

If you are rejected for burial insurance because of a pre-existing condition, there are several steps you can take:

1. Seek guidance from a licensed insurance agent: A licensed insurance agent can provide valuable guidance and help you understand why you were rejected and what steps you can take next.
2. Consider alternative insurance options: If you were rejected for burial insurance due to a pre-existing condition, you may still be eligible for other types of insurance, such as guaranteed issue life insurance or accidental death and dismemberment insurance.
3. Improve your health: If your pre-existing condition is the reason for rejection, improving your health can help you become eligible for insurance coverage in the future.
4. Wait and try again later: Insurance companies’ underwriting guidelines can change over time, and what might have been considered a high-risk condition in the past may no longer be viewed that way in the future. Waiting and reapplying later may increase your chances of coverage approval.
5. Consider a group policy: Some organizations, such as alumni associations or professional organizations, offer group life insurance policies that may not require medical underwriting or have more lenient underwriting guidelines.

It is imperative to note that rejection due to a pre-existing condition does not mean you are ineligible for all types of insurance coverage. There are still options available, and working with a licensed insurance agent can help you find the most appropriate coverage options for your specific situation.

How to apply for burial insurance with pre-existing conditions?

Applying for burial insurance with pre-existing conditions is like applying for other types of life insurance. Here are the steps to follow.

1. Research and compare insurance providers: Start by researching and comparing insurance providers that offer burial insurance for pre-existing conditions. Look for providers that specialize in this type of insurance or have a reputation for leniency with their underwriting guidelines.
2. Determine your coverage needs: Decide how much coverage you need to ensure your final expenses are covered. Consider factors such as funeral costs, outstanding debts, and any other financial obligations you want to address.
3. Gather your medical records: Be prepared to provide your medical records to the insurance provider. This includes any documentation related to your pre-existing condition and any treatments you have undergone.
4. Complete the application: Complete the insurance provider’s application form, answering all questions honestly and thoroughly. Be prepared to answer questions about your pre-existing condition and any other health issues you may have.
5. Await the underwriting process: The insurance provider will review your application and medical records to determine your insurability and coverage cost. Depending on the provider, this process may take a few days to weeks.
6. Review and sign the policy: If you are approved for coverage, review the policy terms and conditions carefully. Make sure you understand what is covered and what is not. If you are satisfied with the terms, sign the policy and make your first premium payment.

In conclusion, applying for burial insurance with pre-existing conditions is straightforward. Research and compare insurance providers, determine your coverage needs, gather your medical records, complete the application form, await the underwriting process, and review and sign the policy. Remember to answer all questions honestly and work with a licensed insurance agent if you need assistance.