Burial Insurance with Atrial Fibrillation: What You Need to Know

If you are wondering if you can get burial insurance after atrial fibrillation keep reading. The answer is yes you can get burial insurance with atrial fibrillation with no waiting periods or higher premiums. Some life insurance companies that sell final expense do not even ask about atrial fibrillation on their applications. Now qualifying for funeral insurance requires that you answer health questions on the life insurance application and consent to medical & prescription history checks.

According to www.healthline.com

Around 2.7 and 6.1 million Americans have atrial fibrillation.

This type of irregular heartbeat is very common. We have been helping our clients with atrial fibrillation qualify for affordable coverage at the best price for years and will do the same for you.

In this article, we will go over if AFIB is even considered heart disease, best options, features and how to apply.

Is Afib Considered Heart Disease for Life Insurance?

When it comes to final expense life insurance if you are asking agents “is Afib considered heart disease for life insurance?” the answer is “no”. There are final expense companies that will not even ask about Afib for you to qualify for their coverage.

If there are no questions related to the Afib on the life insurance application this means the life insurance company is accepting of that condition.

Now companies will ask questions that could be related to Atrial Fibrillation like “irregular heartbeat” or other symptoms that point to that specific condition.

That being said we know exactly which life insurance companies will not ask you about this condition to guarantee you life insurance without a waiting period and the lowest possible rate.

Keep in mind that this health condition does have to be isolated which means if you have Afib and another moderate health condition like COPD then you will have to get a life insurance policy with a waiting period.

The life insurance companies have simplified issue products but if you have more than 1 moderate health condition they cannot issue non-waiting period coverage in most cases.

Burial Insurance Atrial Fibrillation No Medical Exam

First and foremost, burial life insurance companies do not require a medical examination to qualify for their coverage.

They qualify you through easy underwriting. This means they look at your health condition history as well as your prescription history.

When they are looking at your pre-existing conditions and health issues, They are looking at the time frame of your diagnosis as well as how well your condition is managed.

This makes qualifying for burial insurance atrial fibrillation much more simple.

They perform these checks during the application process while you are answering health questions. Most of the health questions will have a time frame part of them such as:

“In the last 12 months”

“In the past 24 months”

This lets the carrier classify you as either a low-risk applicant or a high-risk applicant.

Low Risk

If you are classified as a low-risk applicant then you would qualify for any of the companies offered with a level death benefit.

Level death benefits are day one coverage meaning if you were to pass away the day after your first premium payment your beneficiary would receive a check for the full benefit amount of your coverage.

We specialize in helping clients with what is considered serious conditions like heart diseases and even COPD get the right carrier that will classify them as low risk.

High Risk

If you are classified as a high-risk applicant then you can still get coverage. You would qualify for a modified, graded, or guaranteed issue policy that requires no health questions or medical exams.

The more time that has passed with your conditions being well managed the more favorable a carrier will view you and your health issues.

This is paramount to your success in finding the best coverage to protect your family from the burden of your final expenses. We know the niches of these carriers and will help you give your family the peace of mind they are entitled to.

Best Burial Insurance Coverage Option

When it comes to the best option with Atrial Fibrillation there are carriers that will ask if the diagnosis was within the last 2 years or some carriers will not ask at all.

If a carrier does not ask at all this means they are accepting of this condition.

Even if you were diagnosed within the last 2 years you would still qualify for a level death benefit.

Diagnosis within 2 Years

You would qualify for standard coverage which is still a level death benefit just a slightly different monthly premium.

Example Application Question:

Have you, the proposed insured, by a member of the medical profession, ever been diagnosed with, or received, or been advised to receive treatment or medication for:

irregular heartbeat, atrial fibrillation (AFIB), Systemic Lupus (SLE), epileptic Seizures, or Parkinson’s disease?

Best Burial Atrial Fibrillation Insurance Features

Above all, a burial insurance policy should be a Whole Life Final Expense Policy

The best burial insurance policy with atrial fibrillation will have these features:

1. A Rate Lock – Premiums stay the same for the life of the policy.
2. Death Benefit that Never Decreases
3. Tax-Free Death Benefit to your Beneficiary

If a policy does not have these 3 important features this means that.

Without a Rate Lock

The premium can increase over time making the coverage unaffordable. We have spoken with clients that had policies that started at $50 and increase to $100 in the course of only 5 years. This means that the client’s premiums increased by 50%! It is important to be aware of these kinds of gimmicks.

Without a Death Benefit that Never Decreases

The death benefits to your beneficiary could decrease over time. We have had clients tell us they had policies that were worth $20,000 and over the course of 10 years, their policies decreased to $9,000! That kind of coverage hurts families and puts them into a financial bind.

Without a Tax-Free Death Benefit

If the death benefit is not tax-free then your family would end up with a tax bill at the end of the year for the money they used to pay for your funeral. Making sure you get treated with dignity and making their grieving a little bit easier should not be something that is taxed.

We here at ParamountQuote want you to be aware of these gimmicks so you can make a properly informed decision when it comes to protecting your family.

How Much Insurance Do I Need?

Determining how much coverage you need will depend on a few factors.

1. The type of service you want to have.
2. Other end-of-life expenses you may have besides funeral expenses.

Burial Service

Funeral expenses vary from state to state. The average cost of a funeral can range from $8,000 to $12,000. There is also inflation to consider which can make the cost of burial up to $19,000 or more in the years to come. To get a detailed price list we recommend going to your local funeral home they will have a price list you can use to calculate costs.

Add in your total burial costs along with inflation and that should be the total amount of coverage you purchase.

Cremation Service

Cremation expenses also vary from state to state but can be a more affordable option. The average cost of a cremation is $3,000 to $5,000.

With inflation factored in this can make a cremation around $9,000 in the coming years. You can get an accurate price list from your local funeral home that will detail all of the total costs.

You will add your total cremation costs with inflation and that should be the amount of coverage you purchase.

Other End of Life Expenses

Other expenses to add to this total amount would be debts, credit card payments, car payments, mortgage balances, etc.

Many of these other expenses can fall on your family when you pass away making it important to add these to the amount of coverage also.

How to Apply for Insurance?

Getting started applying for coverage is very simple.

First, fill out the form to the right of the page.

You will fill out some basic information in the quote form at that point you will see different carriers and pricing. One of our licensed agents will give you a call at that point they will confirm the information you provided.

Then they will begin the field underwriting process. They will ask you some basic health questions and depending on your answers, determine your rate class.

Once they have isolated your rate class they will confirm the amount of coverage you want to apply for and begin the enrollment process.

Enrollment can be done in 30 minutes and an instant decision with the carrier is reached one the phone call.

There are 2 different ways to enroll.

1. Voice Signature – The insurance carrier, You, and the agent conduct a 3 way call where you will apply your voice signature to the necessary forms.
2. E-mail Signature – The agent sends you an email with a DocuSign to sign your application you will follow the prompts.

Fill out the form to your right to get started.