Don’t forget, you can use the easy quote tool on this page to see actual prices from burial insurance companies in your state. If you have ever dealt with diabetic coma, please call us so we can identify the best final expense companies for you. Not all companies will accept those who have gone diabetic coma at some point in their life.
For diabetics, if your blood sugar much too high or far too low, you could potentially fall into a diabetic coma. Make no mistake, this is a very serious life threatening condition. Hopefully, it has only happened to you once, and you have taken the proper steps to ensure it never happens again. On the bright side, it’s actually quite uncommon for people with diabetes to actually fall into a diabetic coma. Nevertheless, follow your doctor’s orders to ensure this never happens to you again.
No matter how long ago you experienced your diabetic coma, it will seriously affect your ability to secure burial insurance. More to the point, diabetic coma will make it extremely difficult to obtain affordable final expense life insurance. If you have ever searched for burial insurance after having been in a diabetic coma, you probably know all too well how challenging it is.
Look, its difficult enough finding low cost burial insurance for diabetics, let alone when you have experienced a diabetic coma. Quite honestly, most (not all) carriers will simply turn you down due to the coma. Although this condition is rare, we have dealt with a healthy share of applicants who at some point in their life experienced diabetic coma. The good news, there are options for you. This article will detail exactly how burial insurance companies respond to diabetic coma, and how you can find the best policy based on your individual situation.
Here’s The Cold Hard Truth About Burial Insurance And Diabetic Coma
Despite the increased difficulty brought on by diabetic coma, there are absolutely affordable options for you. The circumstances surrounding your encounter with a diabetic coma will determine what options you have.
Want to know the absolute best part though?
There may even be plans available that completely disregard your diabetic coma depending on when you experienced it. Furthermore, these plans would come with immediate first day coverage that has absolutely no waiting period. Additionally, you would be offered a payment that is consistent with a person in pristine health!
Oh and one more thing.
As is the case with all funeral insurance policies, you will never have to retrieve your doctor records, or take a medical exam to qualify.
Regardless of your experiences so far trying to find final expense insurance after having a diabetic coma, please keep an open mind. Here is hope; you just need a company like us to help you. We have helped many folks who experienced this condition secure affordable plans, and we can help you too.
How burial insurance companies react to diabetic coma
All in all, there are about three typical responses insurers will take in regards to diabetic coma. Mind you, every insurance carrier will have their own underwriting practices and their own procedures in place when a person has had diabetic coma. With that, below you will see how they could respond.
This is pretty straightforward. Some final expense insurers will not accept anyone who has ever had diabetic coma.
A Higher Monthly Premium And A Waiting Period
This is probably the most common response. Most companies view a diabetic coma as a very high risk condition. As a result, they will charge more and induce a two year waiting period. During the waiting period, they will not pay the death benefit if you pass away. Instead, they will refund all your premiums plus interest. In most cases, the interest is 10%.
A Higher Monthly Payment
This is extremely rare, but it is out there. In this circumstance, the insurer will simply charge you more because you have had a diabetic coma. Additionally, there is no waiting period of any kind.
At first this might sound strange, but it’s possible that an insurance company will not react in any way due to diabetic coma. Essentially, they would vie you just like a person who has never had a diabetic coma. However, this is usually only possible if you experienced your diabetic coma a certain number of years ago.
So what determines what action the insurer will take?
Time is the sole factor that will ultimately decide everything. In general, there are three time categories that are applicable to this condition. When most insurance companies ask about diabetic coma, they will tie it to a specific period of time. Which of the below categories you fall into will determine how insurance companies respond to your bout with diabetic coma.
- Some burial insurance companies will simply ask if you have ever been in a diabetic coma at any point in your life.
- Within the last 2 years.
- Over 2 years ago.
Here is a breakdown for each category.
Ever: Any insurer that asks if you have ever had a diabetic coma will outright decline you. To them, its a knockout condition they would rather not fool with.
Within the last 2 years: If the carrier asks about diabetic coma within the last 2 years, and you say yes, most of them will impose a waiting period (usually 2 years) and charge you more money. However, there are a select few that will issue you full immediate protection, but the premium will be a bit higher due to the recent diabetic coma.
Over 2 years ago: If the carrier asks about diabetic coma within the last 2 years, and you say no, you are home free. Essentially, they view you just like a marathon runner now. You will have immediate protection and immediate coverage.
So here’s the short and sweet conclusion when it comes to burial insurance and diabetic coma.
If you have had a diabetic coma within the last 2 years, you will pay more money. There is simply no way to avoid this if in fact it was within the last 2 years. However, this does not mean you will have to pay a boatload more. We have connections with a company where you will only pay a slight bit more. At the same time, you may or may not subjected to a waiting period, but that depends on a variety of factors. There are too many variables to list that ultimately determine if you will have to endure a waiting period.
How To Find The Best Burial Insurance When You Have Had A Diabetic Coma
This is the really easy part. That may sound shocking to you, but it’s the truth. Your job is to do just one thing.
Here’s the bottom line: You need a professional to help you with this. It’s not a problem you should try to solve on your own.
To find the best burial insurance in spite of a diabetic coma, you must work with a very experienced and independent agency that represents dozens of insurance companies. In the end, they will shop plans from all the various insurance companies to see which one is truly best for you and comes at the lowest price.
Are you wondering why we recommend this?
In short, there is no way you could master the underwriting from over 30 different insurance companies and ultimately determine which one is going to be best for you. When it’s all said and done, an independent broker, like Choice Mutual, will diagnose which carriers will best suite you given when you last experienced diabetic coma, and select which one is cheapest. In addition to the coma, your other afflictions (if any) also come into play.
Do you like shopping around before you buy?
Of course you do. Everyone does. Well, working with an independent broker is doing just that. We pull quotes from all the different insurance companies. Then it’s just a matter of sorting them by price. Why not let us do the heavy lifting. We will save you a ton of time and money.
You might be wondering, where do I find an agency like that?
Choice Mutual is that agency (in case you didn’t already know). Helping people with a history of diabetic coma is easy work for us. We have dealt with it before, so we know what to expect, and how to help.
How we go about finding your best plan
First and foremost, we would need to know exactly when you last experienced your diabetic coma. If it was within the last two years, we would look at all the companies would still issue you coverage. Granted, there would be a waiting period, but we would select which carrier is the cheapest out of all of them on that list.
If your coma was over two years ago, we would pull the prices from all the companies that ask about diabetic coma within the last two years. These companies would offer you first day protection and their lowest price. We would simply choose whoever is cheapest.
Diabetic coma is just a piece of the puzzle
Clearly, this whole article is about the effect a diabetic coma has on buying burial insurance. With that, it’s very important to remember that a diabetic coma is merely one aspect of an overall equation. Your entire health profile will come in to play. Every insurance company will ask about multiple health conditions.
Yes there are still great options for people with a diabetic coma in their past. However, the companies that are cool with diabetic coma may not be okay with your other health conditions, if any. We tell you this because its ultra important you allow us to help you. We will get familiar with all your health issues, so we can properly recommend which carrier views your entire health profile most favorably.
Please do not be discouraged by this diagnose. It is not meant to alarm you. We are just being totally forward with you about what you should expect going into this. Truthfully, most of our clients are approved for a plan that has no waiting period. That is only possible due to our vast knowledge of how each insurer underwrites, and our free access to dozens of insurance companies. Just give us a call to help you with this. Our toll free number is 1-800-644-2926. You can also fill out the quote form with your phone number, and we will contact you.