Burial Insurance for HIV Patients

Burial Insurance for HIV Patients

“Is there any life insurance plan for HIV patients?” is one of the most common questions people ask. Might you think that having a pre-existing condition like HIV or AIDS will restrain you from getting coverage? Well! It’s not true. 

You still get a life insurance plan if you are an HIV patient. Guaranteed issue life insurance plan, a type of burial insurance is for everyone regardless of the health issues. 

burial insurance for HIV patients

Best Insurance Option with a History of HIV

The guaranteed final expenses insurance policy doesn’t require a medical exam or any health-related questions to qualify. It is generally reserved for those who can’t get any other life insurance plan. 

These policies are small whole-life insurance plans designed to cover the final expenses of the insured. The coverage may range from $1,000 up to $25,000. Being a US citizen, you can get this plan as long as you are between the ages of 40 and 85.


How Does it Work?

Simply, you apply for the plan without having a medical examination and your application’s acceptance is not based on any health question. It’s quite simple as filling out a form and starting your coverage. 

However, your HIV diagnosis can’t affect your eligibility for the plan or premium rates. But note that, guaranteed issue plans have a graded payout having a waiting period of about two years. If an insured dies in that period, his beneficiary will get a return of his paid premiums only along with some interest. Meanwhile, if the period ends, the whole death benefit will be paid. 


Why is There a Need to Buy Burial Insurance If You Have HIV?

All of us know that funerals are expensive and getting more expensive day by day. The first and foremost purpose of having insurance with HIV is to cover your final expenses. 

In the USA, the average cost of a funeral and burial is $10,000 or even more. This insurance plan can be used to pay your funeral and burial costs. In this way, the plan will ensure financial protection and mental satisfaction for your surviving loved ones. 


What Type of Funeral Expenses are Covered By This Plan?

Here are some of the funeral-related expenses covered by burial insurance:

  • All funeral expenses including casket, viewing, funeral services, transportation, and others.
  • Travel to carry out funeral or burial arrangements.
  • Accommodating funeral guests. 
  • Legal costs and more. 

The designated beneficiary of the plan receives a death payout and uses it accordingly. However, to get the death benefit, they have to meet the insurer’s requirements like providing a death certificate and others. 


Does Burial Insurance pay for Funeral and Burial Costs Only?

Most people having extreme illnesses like HIV leave their families with hefty medical bills and other debts like credit card debt to pay. Burial insurance can be a source of relief by providing funds to the survivors in the form of a death benefit. They can use this payment to pay the medical bills and other debts incurred before death. 

The plan gives you peace of mind by knowing that your family will be safe and secure even after your death. In short, it gives a practical solution for seniors living with HIV.

In case you are still confused about getting a life insurance plan against HIV, you can also consult a financial advisor. He will provide you with the best possible solution by keeping your needs and budget in mind. 

Call us at +1 (800)-718-4568 and our agent will be happy to get you.


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