If you have been told that you cannot get affordable burial insurance with lupus or qualify for burial insurance at all this is a flat-out lie. There are great options for affordable burial insurance with your autoimmune disease.
We talk with lupus patients every day and help them find affordable coverage that they qualify for and we will do the same for you. We work with all of the top-rated life insurance companies in the nation.
What this means is that we guarantee the best rate and coverage even for our clients with a lupus diagnosis.
According to www.lupus.org
1.5 million Americans have a form of lupus.
With that being said we and our carriers understand the need for final expense life insurance to provide your family with a fast death benefit when you die. We have seen and heard stories from our clients many times about how their loved ones died and left them with a financial burden that hurt their quality of life.
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Best Burial Insurance Companies for Lupus
Finding the best burial insurance carriers with lupus is simple.
Work with us. We are a national independent broker specializing in burial insurance. We have access to the best life insurance plans available. We hold your hand every step of the way through the process.
We have helped many of our clients get life insurance with lupus. The reason being is that the carriers we work with have simplified underwriting. This means qualifying for coverage is much easier than more traditional types of underwriting.
Furthermore, They work exclusively with people that have pre-existing conditions most of the time. They understand that consumers with lupus can still live a long fulfilling life with the condition.
Not all of them will accept lupus and that is why it is crucial for you to work with one of our agents because they are trained to know exactly what carrier will approve you.
Now when it comes to lupus and life insurance it could be possible to qualify for a term life policy. That being said with a condition like lupus you may wind up with a higher premium if applying for term life products.
With Lupus and life insurance it is considered an extreme health issue which means it will result in a higher table rating for term plans. This is why fully underwritten policies with Lupus and life insurance are not your best option.
You want something that you can qualify for quickly and get approved to protect your loved ones. This is why final expense insurance with Lupus is your best option when it comes to having Lupus and life insurance options.
Lupus does not disqualify you for life insurance but it does result in high table ratings for term and universal life policies. With burial insurance if you apply with the wrong company it can result in declines which is why working with a life insurance agent is the best way to get life insurance with Lupus.
Burial Insurance Underwriting
As we mentioned before they use simplified underwriting when looking at your health conditions.
You will never need to take a medical exam for these plans they won’t do any blood tests and run away like a vampire. When it comes to burial insurance with lupus they will ask you health questions and perform a Medical Information Bureau Health Report & Prescription Check.
Medical Information Bureau(MIB)
The Medical Information Bureau is a database where all your medical reports and information is stored. Every time you have been to the doctor, hospital, clinic, any diagnosis is all recorded in this database and linked to your Social Security Number.
This means when you are applying for life insurance coverage they will look at this database to see how your conditions are being handled. If everything checks out and lines up with their application questions you will be approved.
Furthermore, you can be approved for level day one coverage with your lupus with the right carrier which is great isn’t it?
“I also really admire The Lupus Foundation of America for their efforts to help improve the quality of life for patients with this disease.” – Tim Connon Founder & CEO ParamountQuote
The carriers will also perform a prescription check at the time of the application. The great news is they will not look at lupus medications as red flags most of the time.
Acceptable Medications Include:
Furthermore, when looking for insurance and insurance quotes from other companies is they want to take a “one size fits all” approach to their customers this means they will stick you into a 2 year waiting period guaranteed issue life insurance policy when you do not need it.
A guaranteed issue policy should be a last resort if you cannot qualify for anything else.
Eligibility Requirements for Burial Insurance with Lupus
In the table below you will see the eligibility requirements for burial insurance. This is all information that the life insurance company will want to know when underwriting your policy.
|Age & Date of Birth||Your current age determines your eligibility with different policies. If you are older than age 85 for example a majority of life insurance companies will not offer you burial insurance.|
|Height & Weight||You current heigh and weight affect your eligibility with some life insurance companies because high risk health conditions are directly linked to obesity.|
|Resident State||Your resident state determines which plans are available to you. Some life insurance companies may not have their policies available in your state.|
|Current & Past Health History||Your health determines your eligibility for burial insurance. If you hav extreme current or a past history of health conditions such as cancer you are considered high risk and many life insurance companies may not accept you.|
|US Citizenship||You must be a US citizen or permanent resident to buy burial insurance in the United States. If you are a citizen of a different country you are not eligible.|
|Current Medications||Your current medications indicate to the life insurance company how your health is. This is how they can categorize you as a high risk applicant or not.|
|Criminal History||A criminal history indicates if you are a high risk. If you have an extensive criminal record life insurance companies will not accept you.|
Types of Burial Insurance to Avoid
Burial insurance is a marketing term for whole life insurance. With that being said there are types of burial insurance that are not whole life and need to be avoided.
Term Life Insurance
This is not burial insurance because it will expire. Term policies only last for a length of the term, once that term is over if you re-apply the premium will increase to reflect your new age. If you get sick in between the renewal they may deny you coverage.
Furthermore, this is why we speak with so many clients that had rates increase on them or their coverage dropped because they were not prepared for what their coverage actually was. The clients we have spoken with believed they did have burial insurance only to find out it became unaffordable and a burden to keep in force.
Real burial insurance needs to be whole life insurance that is permanent coverage for the rest of the time you are alive. This means that no matter what happens your rate never increases and your family is guaranteed that death benefit.
With burial insurance and lupus you must be wary of TV ads promoting this product.
Unfortunately most of the time these advertisements lead consumers into buying a product with a 2-year waiting period or a term because the consumer did not read the small print in the commercial.
False Price Advertising
Last but certainly not least is false pricing. TV Ads promote $9.99 policies when in reality this means $9.99 per unit of insurance which is $9.99 per every $1000 of insurance. This means if you wanted a policy for $10,000 of a face amount you would be paying $90 a month. Here’s the kicker, if you are healthy and at a certain age you could wind up paying $30 a month for $10,000 of coverage.
This is why you are doing the right thing right now. Doing research and homework to make sure you are making an informed decision.
How to Apply for Burial Insurance with Lupus
Below is our step by step table outlining exactly how to begin applying for burial insurance. Our agents will walk you through the application process.
|Steps to Apply||Description|
|1. Speak with a Licensed Insurance Agent or Agency||In order to buy burial insurance you must speak with a licensed life insurance agent that sells the product. You cannot apply for majority of burial insurance products on your own.|
|2. Answer Health Questions & Provide Your Prescriptions||You must answer the health questions on the burial insurance application & provide your medications. The Life Insurance company will look at the Medical Information Bureau Health Report and run a Script Check on you using your Social Security Number provided on the application. This allows them to asses your risk and determine if they will approve you.|
|3. Provide the Name of your Doctor||The life insurance company will want to know the name of your doctor. In most cases they will never contact your doctor however, in some rare cases they can depending on what is found in the MIB reports.|
|4. Electronically Sign your Life Insurance Application||When applying for burial insurance online you will sign for your application using an electronic signature. Depending on the company you apply it will be a voice signature, e-mail signature or Text message signature.|
|Instant Decision of Approval or Denial||Burial insurance does not require a medical exam which means when you submit your application to the life insurance company it is the last step. Depending on which company you applied with you will receive an instant decision on your application. Some companies or situations may take a few days for a decision.|
Trust The Experts
To see pricing on burial insurance carriers and speak with one of our agents fill out the form to your right.
We are experts in this field and know all of the ins and outs. We will answer any questions you have and help you find the best coverage for you. Within 10 minutes of speaking with one of our agents, they will know exactly what plan you qualify for.
“Can lupus patients get life insurance?”
Yes, you just have to know which company to apply for that’s where we come in.
“Can you get life insurance with an autoimmune disease?”
Yes, you just need to know what company allows this in their underwriting.
“Is lupus a pre-existing condition?”
Yes, but it will not disqualify you from getting burial insurance.