Burial Insurance for Diabetics Patients

Burial Insurance For Diabetics Application Process

We’ll inquire about your diabetes to match you with companies that accommodate your specific situation. Yet, you won’t need to undergo a medical exam. 

Here are some examples of questions you may be asked: 

• Were you diagnosed with diabetes at age __ or younger? (Each company could have a different age they ask)
• Within the last two years have you been treated for or been given medical advice by a doctor for uncontrolled diabetes?
• Within the last two years have you had complications of diabetes such as nephropathy (kidney issues), neuropathy (nerve, circulatory issues), retinopathy (eye issues), diabetic coma, or insulin shock?
• Did you use insulin before age __? (Different companies may have different ages)
• Have you had an amputation because of complications due to diabetes?

Answering yes to these questions doesn’t necessarily mean we won’t have companies that can approve you for burial insurance coverage.

Some companies only inquire about the disease with a single question.

What Final Expense Insurance Plans Are Available For People With Diabetes?

If you have type 1 or type 2 diabetes, you can qualify for various funeral insurance plans, detailed in the table below. Your eligibility for these plans depends on your overall health history.

The majority of people with diabetes can qualify for a preferred/level benefit from one or more final expense companies. If you can’t qualify for a preferred rating, it’s usually due to health issues other than diabetes.

How Much Does Funeral Insurance With Diabetes Cost?

Quotes for burial insurance depend on your age, overall health (including all health conditions), gender, the state you live in, and the coverage amount you choose.

Here are a few sample quotes that most individuals with diabetes can qualify for:

Yet, please remember that the specifics of your health history could result in a slightly different price than what is displayed in this table.

What Factors Influence Your Coverage Options

To start, it’s useful to keep in mind that each insurance company follows distinct underwriting standards.

For example, some companies are okay with insulin diabetics, and some aren’t.

However, here are the different factors that final expense companies take into account regarding diabetes.

Understand that if some of these variables apply to you, it doesn’t mean you won’t qualify for an affordable plan or have a waiting period. Companies consider these details when determining your eligibility and the price you’ll pay.

-Age of initial diagnosis

Certain applications may inquire specifically about the age when you were initially diagnosed. For instance, Mutual of Omaha’s burial insurance plan asks if you had diabetes before the age of 45.

Not every company includes a question of this nature, but it is a possibility.

If you answer yes to any of these questions, it will probably increase your premium and might require a waiting period.

Don’t worry too much about the age when your diabetes began. Many carriers simply don’t care or ask about the onset of your diabetes.

-Type 1 or type 2

Certain applications may ask, either directly or indirectly, about whether you have type 1 or type 2 diabetes. Companies inquiring about type 1 diabetes might decline your application if you answer yes.

If you have type 1 diabetes, it’s better to look for a company whose application doesn’t inquire about type 1 diabetes or diabetes at a young age.

-Insulin usage

Certain applications may inquire about whether you’re taking insulin. While it’s not common, some carriers do ask this question.

Answering yes to this query typically leads to a higher price. However, if you’re on insulin, don’t worry. Most final expense companies won’t even inquire about it.

-Insulin shock

Every application will inquire about insulin shock, a severe life-threatening event.

Most companies will reject applicants who have experienced insulin shock. However, if it’s been over two years since this event, you can qualify for a level plan at the lowest rate and with no waiting period.

Unfortunately, if it’s been less than two years, you’ll likely be eligible only for a modified plan with a waiting period and a higher price.

-Diabetic coma

Every final expense application includes questions about diabetic comas. The majority of them will reject applicants who have a history of experiencing this event.

Fortunately, if it occurred more than two years ago, you can qualify for a preferred plan. This means you’ll pay the lowest possible rate and receive immediate first-day coverage.

However, if it’s been less than two years, you’ll likely face a significantly higher premium and a waiting period.

-Amputation due to diabetes

Diabetic amputation is an event all final expense life insurance companies inquire about in their applications. The majority of companies won’t approve individuals who have undergone a diabetic amputation.

However, with certain companies, if it’s been two years since the amputation, you might qualify for level coverage at a low rate without a waiting period.

-Kidney damage

One common side effect of diabetes is kidney damage, known as diabetic nephropathy. Unfortunately, if your kidney function is impaired due to diabetes, there’s a high likelihood of facing a two-year waiting period.

Despite having nephropathy, you can still obtain coverage, but you’ll likely have to pay a higher premium and endure a two-year waiting period.

-Nerve pain or numbness in the hands, feet, or legs

Diabetic neuropathy refers to a tingling or numbness sensation, often beginning in the feet and extending to the legs and hands. Many final expense companies view this condition as high risk, typically providing a modified whole life plan with additional costs and a waiting period.

Nevertheless, a few companies may offer a preferred plan to individuals with neuropathy.

-Eye damage

Another common diabetic complication is retinopathy, which involves damage to eyesight due to diabetes. Similar to neuropathy, this often leads to a modified plan with a two-year waiting period.

However, certain specific companies may still approve you for their lowest price and waive the waiting period despite retinopathy.

-Height and weight

Most final expense products require your height and weight. If you’re excessively overweight for your height, they might decline your application or charge a higher premium.

However, many companies have relaxed guidelines for height and weight. Additionally, some companies have no guidelines whatsoever. This implies that even if you weigh as much as 600 pounds, it might not pose an issue for your application.

Your Overall Health Still Matters

It’s crucial to consider your entire health history when seeking final expense insurance. Your past health conditions significantly influence your available options.

While diabetes is a part of the final expense insurance application, each company’s health questionnaire covers various health conditions.

Keep in mind that while your diabetes might not heavily influence your choices, other health issues could potentially affect your eligibility.

That’s why it’s recommended to speak with a qualified agent rather than attempting to purchase online. A qualified agent can thoroughly evaluate your situation. Once they have a complete understanding of your health history, they can identify all available options and provide specific cost details.

Senior burial insurance isn’t overly complex. However, working with an experienced agency like Burial senior insurance can assist you in finding the most suitable deal.

Give us a call at 800-718-4568, and one of our licensed agents will assess all your options in under 60 seconds.