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Let’s be really clear about one thing. Cirrhosis won’t stop you from qualifying for an affordable burial insurance plan.
For some reason most people are under the false impression that insurance companies turn away applicants who have cirrhosis. We have lots of burial insurance companies that will work with you.
And check this out
You can even qualify for a burial plan that fully protects you starting on the very first day!
That’s right; no waiting period! There aren’t many companies that offer full coverage to someone with cirrhosis. We represent the ones who do, and we will work hard to get you approved with them.
This is one health condition that we have dealt with many times over the years. There was never a single occasion where we couldn’t assist a cirrhosis patient. Today, we are going to pull back the curtains on this issue, so you will know how to find an affordable plan for yourself.
In this article, we will show you how insurance companies underwrite cirrhosis applicants, what kind of policy options you will have, and how to find the best policy.
The Low Down About Burial Insurance With Cirrhosis
Not surprisingly, cirrhosis is one of those conditions that every burial life insurance company asks about. With that, it’s important to understand that every burial insurance company responds to this disease differently.
The truth is having cirrhosis means you will pay a higher monthly premium with every single insurance company. Unfortunately, there is no company that wouldn’t charge you a little more money each month due to this condition. Thankfully, there are companies (which we have access to) that will still offer you full coverage immediately. With them, you would have no waiting period. If you don’t qualify with one of the companies that offer first day coverage to cirrhosis applicants, you are looking at having a policy where it pays a portion of your benefit during the first two years.
In the end, we will assess your situation and determine which company it truly best for you. We aren’t married to any of the burial insurance companies that we work with. Our only interest is to recommend whichever carrier offers you the best deal.
And it gets better!
The application process will only entail health questions. You won’t need to provide medical records, or take an exam.
There are many causes of liver cirrhosis. It’s a serious condition that can wreaks havoc on your entire body. Ultimately, this disease reduces life expectancy. This is why burial insurance companies have to charge cirrhosis patients a higher monthly premium. The key thing to focus on is that you can still get coverage. Hopefully you qualify with one of the companies that offer you instant protection with no waiting period.
Burial insurance companies are only interesting in knowing one thing.
Do you have cirrhosis or not? It’s a yes or a no. That’s all they care about.
Here’s what they don’t care about:
- The cause of the cirrhosis (Hepatitis C, fatty liver from diabetes or obesity, or alcohol abuse)
- The severity of your condition
- How long you’ve had it
Final expense life insurance companies won’t ask for any details about your condition.
Funeral insurance companies will attempt to find out about most health issues by asking health questions and analyzing your prescription history. Believe it or not, there are no specific drugs used to treat only cirrhosis.
The drugs they prescribe for cirrhosis are also used to treat other conditions like high blood pressure for example. It’s for this reason that burial insurance companies can’t determine that you have cirrhosis purely by checking your prescription history. The rely solely on your answers to their health questions.
The Health Questions
Every burial insurance company will word their health questions in their own way. The overwhelming majority of them will not reference a specific period of time when they ask about cirrhosis. This is because it’s not a curable condition. Once you have it, it’s with you forever. Below are some common ways they will ask about cirrhosis.
Have you ever been diagnosed with, been treated, for or been advised to receive treatment for cirrhosis?
Within the last 24 months, have you ever had or been treated for cirrhosis?
They might not even use the word cirrhosis. Some companies will word their health question this way.
Have you ever been diagnosed or treated for any liver disease or condition?
If you have cirrhosis, you would need to respond yes to that question because it is a liver disease or condition.
Policy Options When You Have Cirrhosis
It’s important to remember that that all your health issues will come into play when you apply for a burial insurance plan. With that, below are all the possible policy options you could experience when you have cirrhosis.
Please remember that there is no final expense life insurance company that will not charge you more money on your monthly premium. You will always pay more money compared to a person who has never had cirrhosis.
You Pay A Higher Premium And Still Have Full Protection Immediately
There are a few burial insurance companies that will offer you a full immediate death benefit. Granted, they will charge you a bit of a higher premium, but at least there is no waiting period. Liberty Bankers Life is a great company that offers this kind of value. We work with this company and can help you get a policy with them.
You Pay A Higher Premium And Your Policy Pays Some Benefits In The Beginning
Most insurance companies will call this a “graded” plan. This sort of policy would pay anywhere from 30-40% of your death benefit if you die within the first year. If you were to die within the second year of your policy, it would pay out 70-80% of your death benefit.
There are many companies that offer this kind of plan to cirrhosis applicants. If you don’t qualify with a company like Liberty Bankers Life, a graded plan will be your next best option. Foresters Financial has a very well priced graded plan.
You Pay A Much Higher Premium And Your Policy Pays No Benefits During The First Two Years
Companies that do this are placing you in their highest risk category. Most burial insurance companies will call this their “Modified” plan. Along with a much higher premium, your policy would pay out no death benefit if you died within the first two years. If you did die during this time, they would refund all your premiums plus interest.
There is no reason to ever take a modified plan because of your cirrhosis. Actually, there is no reason to ever take a modified plan from any company under any circumstance. We say this because a guaranteed issue plan would have the same two year waiting period with a substantially lower monthly premium. If you truly have some health issues that warrant a waiting period, go with Gerber Life.
You Get Declined Altogether
There are some companies that will flat out decline you because of your cirrhosis. Albeit this is rare, but it does happen. It’s not something to worry about thought because there are so many other companies that will take you!
Every single funeral insurance company will ask the following health question:
Have you ever had or been advised to have an organ or bone marrow transplant?
If you have ever had a liver transplant or been told you need one, you must accept a certain truth that you cannot avoid.
You cannot get burial insurance coverage that protects you immediately. You will have to wait at least two years before your coverage goes into effect.
Here’s what you do
When you are a transplant patient, your only avenue to coverage is a guaranteed issue policy. These have no health questions or medical checks. Gerber Life and Mutual of Omaha are both the cheapest companies for these kinds of no health question plans.
We represent Gerber Life and can help you get a policy with them. Mutual of Omaha requires you to buy it from them directly, so you will need to call them if you prefer their policy. Honestly, both Gerber and Mutual of Omaha are almost identical in price. They are usually within a dollar of one another.
How To Find The Best Burial Insurance With Cirrhosis
In essence, your job is to find a highly qualified and properly equipped company that can find you the best plan. If you follow this formula, you put yourself in a great position to get a really good deal.
To find the best burial insurance with cirrhosis, it’s critically important that you work with an experienced independent agency that has access to lots of insurance companies. Companies like this will pull prices from all the various insurers they represent to find you the cheapest plan.
This is amazing
When you work with an agency like this (such as Choice Mutual), its completely free. That’s right; it does not cost you a dime. Any agency you work with will get paid by the insurer, so that means they don’t need to charge you.
Furthermore, your insurance won’t cost more because you bought through an agency. All insurance prices are regulated by law to be the same. That means no matter which agent or agency you buy from, the price will always be the same.
The key to getting the best price is by finding which insurer is going to look at your health most favorably. That’s where an independent agency like Choice Mutual comes into play. We do all the heavy lifting for you to save you time and money. We will evaluate all your health issues to determine which insurer is best suited for YOU.
We hope you give us a chance to earn your business. If not, just make sure you work with an agency that has access to lots of burial insurance companies. If you prefer expert help, call us at 1-800-644-2926. You can also let us call you by filling out the quote form with your phone number.