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Today’s Article Will Describe The Issues Related To Chronic Respiratory Disease And The Available Burial Insurance Options
Chronic lung problems are some of the hardest issues to cover when it comes to final expense burial insurance.
Here’s An Overview Of Today’s Topics:
Chronic Respiratory Disease
Most companies in the burial insurance business lump all chronic disorders together. For example, chronic obstructive pulmonary disease,
emphysema, tuberculosis history, chronic bronchitis are all considered as the same severity. This applies basically to any issues requiring ongoing treatment with inhalers using medications such as Spiriva, Advair, Proair or oxygen usage.
Fortunately, as medications improve, more companies are allowing people with COPD to get full first-day coverage under certain conditions.
There are actually several companies that provide 100% coverage for smokers, which is fantastic!
The only exception to this rule is if there are a lot of issues in conjunction with COPD. For example, very bad diabetes, very recent heart problems or more severe cases of COPD requiring 24/7 oxygen usage can make it tougher. Oxygen usage tends to be a chronic issue that never goes away. Therefore, there are very, very few companies that will give first-day full coverage to people using oxygen.
However, that doesn’t mean you can’t get coverage. It just means it’s that much harder. If you are on oxygen, your best bet is a two-year waiting period product. This means you have to wait two years before coverage for natural death kicks in. You receive 100% coverage for accidental death, but not natural causes.
What Can You Do?
I write all this to advise you that you have limited choices if you are on oxygen. But we can get you coverage that’s affordable if you will work with an independent agent, like myself, to shop around and get you the best deal.
There are the rare occasions where somebody has COPD but doesn’t need any sort of ongoing treatment. Therefore, they don’t have any medical history of prescriptions being filled within the past several years. If you fit this category, it is very possible to find you first-day coverage at preferred rates.
While this is the exception to the rule, I can sometimes measurably improve coverage for people normally limited to a higher-priced plan or a two-year waiting product.
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.
If you have COPD but don’t actually use medication, give me a call. We’ll probably surprise you with how much better you can do.