Burial Insurance Heart Murmur Guide 2022

First and foremost finding burial insurance with a heart murmur does not have to be a headache of an experience. In fact, it is a very simple and easy process when working with our agency.

According to healthcare.utah.edu

10% of Adults will have a heart murmur.

A heart murmur in short is an additional sound in the heartbeat like a whooshing sound. It can be caused by something as simple as exercise or could be caused by a diseased heart valve.

Furthermore, we help clients with these health issues every day find affordable coverage at the best rate available.

So to answer the question:

“Can I get life insurance with a heart murmur?”

Yes, it just depends on the type of coverage and carrier.

Quick Tip: To see life insurance quotes and speak with one of our agents fill out the form to your right.

In this article, we will discuss all of the most important information you need to know about getting the best burial insurance available with a heart murmur. This will give your family the peace of mind they deserve when it comes to handling your final wishes and will save them from any financial burden.

Burial Insurance Heart Murmur No Medical Exam

Unlike term life insurance, burial insurance requires no medical exam at all to qualify for coverage.

These life insurance companies use easy insurance underwriting to qualify clients. You will not have a medical professional come to your home to draw blood or run any physical tests or even ask you to take a lap around your living room and test your blood pressure. Then after all of that, you will be waiting weeks to hear back to see if you are approved or denied.

Burial insurance carriers during their application process simply ask about your health conditions and look at your medical records through what is called The Medical Information Bureau Health Report. This allows the carrier to assess if you are a high-risk applicant or a low-risk applicant.

Most carriers do not even ask about a heart murmur on their application. They are more concerned with more major conditions linked to the murmur such as heart disease, coronary artery disease, and other more serious heart conditions.

If a carrier does not ask about the heart murmur on their application then this means they are accepting of this condition.

The 2 main factors when it comes to burial insurance and your heart murmur are:

  1. Time
  2. Type of Diagnosis

Best Burial Life Insurance Coverage Option

Above all, time and the type of murmur diagnosed are the 2 deciding factors on your best coverage option.

There are 2 types of heart murmurs.

  1. Functional Heart Murmur – This is a less severe form of murmur it is typically due to psychological conditions instead of physical.
  2. Organic Heart Murmur – This is a more severe form of a murmur it typically has to do with the heart or circulation being bad with a valve or one chamber or vessel to another.

Functional Heart Murmur Best Option:

Since a functional heart murmur is not a serious condition linked to any kind of real heart issue you would qualify for level day one coverage.

Organic Heart Murmur Best Option:

With an organic heart murmur if it was diagnosed over 2 years ago with no complications since then. You would qualify for level day one coverage.

Diagnosis within 1 year:

If you were diagnosed within 1 year and your murmur was linked to circulatory surgery or issues. You would qualify for guaranteed issue coverage.

Best Burial Insurance Heart Murmur Features

The best burial insurance will always have these 3 key features.

  1. A Rate Lock – Premiums NEVER Increase on your policy.
  2. Death Benefit Never Decreases
  3. Death Benefit is Tax-Free to the beneficiary

Any policy that does not have those 3 features should be avoided at all costs.

If a policy does not have those 3 features it means that the premiums can increase at any time on you. The death benefits could be decreasing and you wouldn’t even know it. Your beneficiary could wind up with a tax bill at the end of the year.

Furthermore here at ParamountQuote, we raise awareness about these types of gimmicks so you can make a properly informed decision when it comes to protecting your family.

How Much Insurance Do I need?

Figuring out how much coverage you need to leave to your family to protect them from the financial burden of your final expenses depends primarily on what type of service you want to have.

Burial Service

Burial service prices vary from state to state. Typically they range between $8,000 to $12,000. Furthermore, in addition to this, there is the added cost of inflation which can make a burial policy upwards of $19,000 or more. For an accurate price list, you can visit your local funeral home, the total amount of coverage you purchase should be according to their prices.

Cremation Service

Cremations are a much more affordable alternative to burial. The typical range for cremations is $3,000 to $5,000. Furthermore, there is inflation to take into account. With inflation factored in a cremation can be upwards of $9,000 or more. You can visit your local funeral home for an accurate price list. The amount of coverage you purchase should reflect the pricing.

Other Expenses

You should also consider any outstanding debts, bills, mortgage payments, or any other end-of-life expenses left behind.

How to Apply for Insurance?

In order to get started, you will fill out the form to your right.

Once that form is filled out you will see carriers and their rates. At that point, one of our agents will reach out to you via phone call.

Once on the phone, they will confirm some basic information you filled out and begin the underwriting process. They will ask a few basic health questions to determine the amount of coverage being applied and proceed to the enrollment process.

There are 2 ways to enroll:

  1. Voice Signature – The agent, you, and the carrier will be on a 3-way call to apply your voice signature to the necessary forms
  2. E-mail Signature – The agent will send you an email with a DocuSign link to e-sign for your policy.

After the signatures are collected an instant decision is reached of either approval or denial.

This can all be done in 30 minutes or less.

Fill out the form to your right to get started.

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