Burial Insurance Options With Chronic Kidney Disease
With burial life insurance for seniors, there are two basic types of plans that you can purchase- simplified issue and guaranteed issue.
Simplified issue plans have health questions, and your eligibility depends on your health history. If approved, there can be partial or complete coverage
On the other hand, guaranteed issue plans have no health questions. You cannot be denied due to pre-existing conditions.
The main drawback of guaranteed issue policies is the two-year waiting period. Any non-accidental death in the first two years will result in a refund of your premiums plus interest (typically 10%).
With CKD, you can get a simplified issue policy with no waiting period. Ultimately, your options are tied to the following factors:
- Do you have diabetes?
- Which stage is the CKD?
- Any dialysis usage?
- Any transplant recommendations (ever)?
Below is a breakdown of all your options based on the many variables that come into play.
Chronic kidney disease due to diabetes
With CKD from diabetes (diabetic nephropathy), you have to choose between one of the following options:
- Pay more for a policy that has no waiting period.
- Pay the least amount possible, but have a two-year waiting period.
You must consult with an experienced licensed agent who can compare multiple companies on your behalf. That is your only chance at getting coverage with no waiting period.
All plans that can be purchased online, such as Colonial Penn, TruStage, or the AARP life insurance program, will result in a policy with a two-year waiting period.
Stage 1-4 CKD (no diabetes)
Assuming you don’t have diabetes, some final expense companies offer partial or full immediate coverage (there aren’t many).
It’s possible to obtain the lowest rate possible, but it’s wise to expect a moderately higher premium.
Stage 5 CKD (dialysis)
If your kidney disease has progressed to the point of renal failure, you’re going to be on dialysis and likely on a transplant list. In most cases, a guaranteed issue life insurance policy is your only option. Those have no health questions and a two-year waiting period (which is probably unavoidable at this point).
However, there is a chance of getting coverage with no waiting period. Only two companies in the entire USA will even entertain offering first-day coverage to someone with renal failure. To see if that is possible, call us at 1-800-644-2926.
Kidney transplant
If you’re currently on the transplant list or have had one in the last five years, a two-year waiting period policy is inevitable. However, if it has been more than five years, it’s possible (with only two companies) to obtain an immediate benefit plan.
Best Final Expense Insurance Companies For People With Kidney Disease
Below are the best funeral insurance companies to explore if you have kidney disease. Which one is best for you depends on the aforementioned factors.
| Insurance Company | Coverage & New Applicant Age Limits | Details |
|---|---|---|
 | Coverage: $2,000-$25,000 Age Range: 45-85 | • Guaranteed acceptance with a 2-year waiting period |
 | Coverage: $5,000-$35,000 Age Range: 50-85 | • No waiting if no diabetes • No dialysis or transplants ever |
 | Coverage: $1,000-$50,000 Age Range: 45-85 | • No waiting period • Transplants and dialysis are ok • Diabetes is ok |
 | Coverage: $2,500 - $35,000 Age Range: 45-89 | • CKD from diabetes is eligible for no waiting period • CKD with no diabetes gets the preferred rate and no waiting • No transplants, dialysis or stage 4-5 CKD |
 | Coverage: $1,000 - $20,000 Age Range: 0-85 | • No waiting period is possible even if you're on dialysis or have diabetes • Transplants are ok if its been more than 5 years |
How Does Final Expense Life Insurance Work?
Burial insurance is a type of no-exam whole life insurance with small coverage options. Most providers offer up to $50,000 in coverage to seniors 50-85. However, you might find companies that deviate from those numbers up or down.
The policy proceeds are typically earmarked for funeral costs, but can be used for any purpose.
That means your loved ones may spend the money on cremation costs, burial costs, credit card debts, legal fees, medical bills, or anything else.
Whole life insurance has a fixed premium and coverage that is guaranteed to never decrease in value. Additionally, the policy remains in effect indefinitely and will accumulate cash value.
How Choice Mutual Can Help
If you have CKD, you can only get no-waiting period coverage by working with an agency like Choice Mutual.
Final expense insurance companies that offer immediate coverage do not sell their policies in-house. They exclusively rely on agencies to sell their life insurance products.
Regardless of your health history (but especially if you have CKD), an independent agency that works with dozens of companies will always be able to find you the best policy compared to trying to contact an insurance company directly.
In our case, we would assess your health history, budget, and needs to determine what each company would offer you. Then we recommend the best option.
Our services are free, and there are no extra charges because you bought through an agency. Call us at 1-800-644-2926.
- Nationally licensed life insurance agent with over 15 years of experience
- Personal annual production that puts him in the top .001% out of all life insurance agents in the nation.
Anthony Martin is a nationally licensed insurance expert with over 15 years of experience and has personally served over 10,000 clients with their life insurance needs. He frequently authors entrepreneurial and life insurance content for Forbes, Inc.com, Newsweek, Kiplinger, and Entreprenuer.com. Anthony has been consulted as an expert life insurance source for dozens of high-profile websites such as Forbes, Bankrate, Reuters, Fox Business, CNBC, Investopedia, Insurance.com, Yahoo Finance, and many more.
- Nationally licensed life insurance agent with over 19 years of experience
- Best selling Amazon author.
Jeff Root is a nationally licensed life insurance expert with over 19 years of experience. He has personally helped over 3000 clients with their life insurance needs. Jeff is a best-selling Amazon author and the managing partner of a highly successful insurance brokerage that manages over 2,500 licensed insurance agents across the USA. He has been a featured life insurance source for prestigious websites such as Forbes, Bloomberg, MarketWatch, Nerdwallet, and many more.
- Nationally licensed life insurance agent with over 14 years of experience
- Best selling Amazon author of five insurance sales books.
David Duford is a nationally licensed insurance expert with over 14 years of experience. He has personally helped more than 15,000 clients buy life insurance. David has been featured as an expert source for highly authoritative publications such as A.M. Best and Insurancenewsnet. He also runs one of the largest Youtube channels to help aspiring insurance agents serve their clients better.
- Nationally licensed life insurance agent with over 19 years of experience
- Best selling Amazon author.
Jeff Root is a nationally licensed life insurance expert with over 19 years of experience. He has personally helped over 3000 clients with their life insurance needs. Jeff is a best-selling Amazon author and the managing partner of a highly successful insurance brokerage that manages over 2,500 licensed insurance agents across the USA. He has been a featured life insurance source for prestigious websites such as Forbes, Bloomberg, MarketWatch, Nerdwallet, and many more.
- Nationally licensed life insurance agent with over 14 years of experience
- Best selling Amazon author of five insurance sales books.
David Duford is a nationally licensed insurance expert with over 14 years of experience. He has personally helped more than 15,000 clients buy life insurance. David has been featured as an expert source for highly authoritative publications such as A.M. Best and Insurancenewsnet. He also runs one of the largest Youtube channels to help aspiring insurance agents serve their clients better.
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diabetic nephropathy. https://www.hopkinsmedicine.org/health/conditions-and-diseases/diabetes/diabetic-nephropathy-kidney-disease
