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In Today’s Article, I’ll Talk About How To Qualify For Affordable Burial Insurance With Cardiac Or Heart Health Issues
Specifically, I’ll break down the most common cardiac, heart, and circulatory issues I’ve experienced. Ultimately, the goal is to educate you on your burial insurance options if you or a loved one looking for life insurance has experienced those health crises.
Here’s An Overview Of Today’s Topics:
- Burial Insurance – Heart Attack, Stroke, Stents, Bypass, Aneurysms, Pacemaker History
- Heart Attack, Stroke, Stents, Bypass, Aneurysms, Pacemaker History Within The Past 12 Months
- What Is Guaranteed Issue Life Insurance?
- Heart Attack, Stroke, Stents, Bypass, Aneurysms, Pacemaker History Within The Past 1 To 2 Years
- Heart Attack, Stroke, Stents, Bypass, Aneurysms, Pacemaker History – 2 Years Or Greater Since The Event Took Place
- What Cardiac And Heart Health Issues Are ALWAYS Considered Guaranteed-Issue Life Insurance?
- Other Cardiac And Circulatory Diseases
- Burial Insurance Rates, Age 40 to 90*
Burial Insurance – Heart Attack, Stroke, Stents, Bypass, Aneurysms, Pacemaker History
Many think heart disease health issues eliminate burial insurance eligibility.
Luckily, this is not the case!
Heart Attack, Stroke, Stents, Bypass, Aneurysms, Pacemaker History Within The Past 12 Months
If you’ve had a heart attack, stroke, stent implant, open-heart bypass, aneurysm, or pacemaker implant within the last 12 months, a guaranteed-issue final expense plan is your best life insurance option.
What Is Guaranteed Issue Life Insurance?
Guaranteed issue life insurance is designed to approve coverage, no matter the applicant’s health.
However, if you pass away from natural causes, guaranteed issue life insurance limits the death benefit for the first two years.
So, while you’re covered fully for accidental death, any natural cause of death – related to heart disease or not – will not give your beneficiaries a full death-benefit payout.
Why Would I Want To Get A Plan Like That?
When a guaranteed-issue life insurance plan is all my client can qualify for, they routinely ask, “Why even bother with a burial insurance plan that doesn’t cover from the first day?”
So, here’s why I recommend buying a guaranteed issue final expense insurance plan. Despite NOT having full first-day natural death coverage.
Your Health Could Change At Any Moment
Here’s the truth. You could have another heart attack, or heart-related health crisis.
You could develop a new disease like diabetes. Or your doctor may prescribe you a new medication.
Why does this matter? Because ALL future health events may prevent you from qualifying for quality life insurance for final expenses.
If you wait for better options for burial insurance coverage, negative changes in your health will eliminate qualifying for anything better.
Bottom line – this means you may STILL have to wait two years before your natural death coverage begins… when you COULD have been fully covered. IF you took the final expense coverage out earlier on!
Hopefully this makes sense!
Thankfully, nearly all my clients with heart-health issues understand this. And ultimately, they purchase a guaranteed-issue plan.
Heart Attack, Stroke, Stents, Bypass, Aneurysms, Pacemaker History Within The Past 1 To 2 Years
Have you had a heart-related health event in the past 12 to 24 months?
If so, you may qualify for a few good final expense insurance options.
For example, you may qualify for “standard,” first-day, 100% coverage policy, or a “graded” plan, which partially covers you from the first day of purchasing the burial insurance policy.
Not every agent offers these plans. However, final expense insurance brokers like myself do!
Heart Attack, Stroke, Stents, Bypass, Aneurysms, Pacemaker History – 2 Years Or Greater Since The Event Took Place
If you’re heart or circulatory event occurred two years or greater, you may qualify for full, first-day final expense coverage.
In fact, many final expense companies will consider you at preferred pricing!
Nevertheless, there are several implications to consider prior to ensuring your preferred pricing qualification.
For example, do you take blood thinners, such as Coumadin, Warfarin, or Plavix?
Do you also take isosorbide, or Nitroglycerin?
While some burial insurance companies accept these prescriptions, many do not.
What Cardiac And Heart Health Issues Are ALWAYS Considered Guaranteed-Issue Life Insurance?
Unfortunately, some cardiac heart history issues can never qualify for first day full coverage.
Let’s detail those conditions below.
Congestive Heart Failure And Burial Insurance
Congestive heart failure causes water to pool around the heart. It’s an extremely serious cardiac condition and never entirely goes away.
Unfortunately, almost all final expense carriers offer only a guaranteed-issue option.
However, one final expense carrier may qualify you for “graded,” partial first-day coverage. Despite the potential, my experience is few end up qualifying for coverage, as there are additional health questions that prevent the applicant from qualifying.
Angina, Nitroglycerin Usage For Final Expense Insurance
If you are prescribing nitroglycerin, isosorbide mononitrate, or have an angina diagnosis, you’ll have more difficulty qualifying for a first-day full coverage final expense policy.
With many burial insurance carriers, nitrate medications are an automatic decline. At best, the carriers will offer a two-year waiting period, guaranteed-issue option.
Now, this isn’t case with all carriers. However, I prepare my clients to expect it.
Other Cardiac And Circulatory Diseases
Moving on, let’s look at other cardiac and circulatory health issues that surprisingly can qualify for quality life insurance.
Some insurance companies decline individuals a history of seizures, or prescriptions to prevent seizures.
However, may insurance carriers I work with are lenient with both a history of seizures and seizure-preventative medications.
For example, medications such as Keppra or Dilantin qualify with many companies as first-day full coverage at preferred rates!
Even better, a few select companies exist that accept applicants with a recent history of seizure events, as well.
As in all situations, qualification comes down to the applicants total health picture.
But understand this. It is possible to get somebody with recent seizures, or someone who takes seizure-preventative medications, first-day full coverage.
Please contact me and I’ll see what I can do to help you.
Pacemakers And Life Insurance
Most insurance carriers qualify pacemaker installations as a cardiac surgery event, similar to heart attack or stroke history.
However, a few carriers will allow first-day full coverage for pacemaker patients that have passed more than 12 months since the installation.
Have you recently had a battery change on our pacemaker? If so, you may qualify for preferred, first-day full coverage, since many companies do not treat battery changes as cardiac events.
Diabetes With Heart Disease History
Some carriers look negatively at applicants with a diabetes diagnosis in combination with a heart or circulatory history.
Why? Studies have shown that diabetes exacerbates and worsens the likelihood of cardiac health history issues. Therefore, insurance carrier underwriters at some carriers will rate up the cost of your final expense coverage.
Here’s the good news. I shop the major final expense carriers to see who offers you the best burial insurance option. And many times, I find options that don’t care about a combination of heart history and diabetic issues.
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.
Term Life Insurance Rates – Age 25 to 75*
Term Life Insurance Coverage – 10 Year Term – $100,000 in Coverage
Term Life Insurance Coverage – 10 year Term – $250,000 in Coverage
Term Life Insurance Coverage – 10 year Term – $500,000 in Coverage
Term Life Insurance Coverage – 10 year Term – $1,000,000 in Coverage
*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.
Ultimately, work with an agent like myself who can shop the most competitive final expense carriers. Remember, the goal is to find you the most affordable burial insurance with the best value of coverage.