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In Today’s Article, I Will Discuss The Ability To Qualify For Burial Insurance If You Or A Loved One Lives In An Assisted Living Facility
As folks age, many times they end up in a position where they need regular assistance with day-to-day activities such as bathing, eating, taking medications, and moving about. Sometimes, medical professionals make house calls to satisfy the needs of these people
In more severe cases, people are recommended for residence at a local assisted living facility. As I describe what options you have for burial insurance, I will also define the differences between “senior home” options.
There are several types of senior home options. Some of them allow better options for burial insurance coverage than others.
Here’s An Overview Of Today’s Topics:
- Independent Living Communities And Burial Insurance
- Assisted Living And Burial Insurance
- Burial Insurance Rates, Age 40 to 90*
- Let Me Help
Independent Living Communities And Burial Insurance
Independent Living Communities are defined as communities focused on fostering an independent senior population.
For example, independent living communities include retirement communities, retirement villages, 55+ communities, and senior apartments.
Generally speaking, if you live in one of these communities, you are capable of completing your own activities of daily living and have few medical issues.
Assisted Living And Burial Insurance
Assisted living facilities are designed for senior citizens that cannot complete many activities of daily living, but necessarily do not need constant 24-hour care.
Nurses provide assistance with medication usage, meals and housekeeping.
In this instance, odds are high you will only have a guaranteed-issue whole life insurance option available.
This means you or your loved one can get life insurance approval.
However, there is a mandatory two year waiting period before coverage comes into full effect.
With that in mind, there are rare occasions where there are exceptions, and partial or full coverage is available.
Call 888-626-0439, and I can tell you in a matter of minutes what exactly you or your loved one could qualify for.
Nursing homes offer intense, 24-hour assistance to patients who need constant medical supervision.
Nursing homes also include convalescent care facilities, nursing centers, skilled nursing centers, memory/dementia care facilities, and long-term care facilities.
In virtually all circumstances, patients may only qualify for guaranteed acceptance whole life insurance, as mentioned earlier.
Residential Care Homes
Residential care homes are smaller, more private facilities that offer care to seniors with live-in caretakers. The types of assistance provided varies dramatically.
Most facilities will offer residents help with activities of daily living. Others will offer more specialized services.
In this instance, figuring out your burial insurance options comes down to which (if any) activities of daily living require assistance, and whether or not the patient is confined to the residential care home.
Burial Insurance Rates, Age 40 to 90*
Rates For $5,000 In Burial Insurance
Rates For $10,000 In Burial Insurance
Rates For $15,000 In Burial Insurance
Rates For $20,000 In Burial Insurance
Rates For $25,000 In Burial Insurance
*Burial insurance premiums are subject to underwriting, based on rates as of 8/20/2018, from state-regulated life insurance companies offering final expense burial whole life insurance protection. Understand that in order to potentially qualify, you must submit an application to see if you’re eligible. Rates are subject to change. Give Buy Life Insurance For Burial a call at 888-626-0439 now to see what program you may qualify for.
Let Me Help
Your situation is unique. And the best route to determine insurability is to call 888-626-0439. Allow me to help you out to see what your options are. No obligation, of course.
Otherwise, send me a message, or start a conversation with me in the chat box.