Health problems could be a major turn down when applying for Final Expense Insurance but do they directly disqualify you? Learn everything you need to know about the severity and effects of top 10 major health disorders on your Final Expense Insurance.
When it comes to Diabetes, what most people wonder is what kind of coverage they should go for. They think that diabetes would severely affect their final expense insurance coverage.
There are many types of diabetic patients. We have covered all of them for you
Diabetes Managed with Pills
If you are someone with a basic level of diabetes, then we have good news for you. Most insurance companies are flexible with this basic type of diabetes. You will be able to qualify for a high-quality final expense insurance coverage.
Diabetes Managed with Insulin
Those with insulin intake are somewhat hard to deal with but it depends upon the age you started taking insulin. Those of you who started taking insulin after the age of 50 will easily be covered with a quality final insurance. While those, who started the in-take before 50 will be covered with a relatively different plan.
Some people started taking insulin at a very young age. These are called Type-1 diabetic. These people are usually rejected by insurance companies or offered extremely expensive insurance coverages. The best solution is to work with an independent agent, who will qualify you for the most suitable insurance coverage.
Cancer patients are somewhat difficult to deal with because there are several different policies for different types of patient. If you have recently been diagnosed with cancer or have had cancer in the past, then we the following final expense policies might be helpful for you.
We will be discussing four types of cases here;
Case 1 covers those with common skin cancer, known as Basal-cell cancer. This type of cancer is usually not very severe. You will be able to qualify for a full final expense coverage plan at an affordable price.
Next on the list are those with the recent diagnosis of cancer. These are the most unfortunate people, but they can still qualify for a legitimate final expense insurance plan.
The best option we suggest for these people is guaranteed issue plan. In this plan, you will not be fully covered for the first two years. You will only get the money you paid plus a minimal amount of interest.
But on the bright side, what if you managed to survive for more than two years. You will be fully covered no matter if you still have cancer. Moreover, this plan fully covers you for accidental deaths from the first day of issuance.
Those of you who have been cancer-free for more than 1 year can qualify for graded life insurance, which we think is best for you. Graded insurance gives you a partial amount of total coverage with in the first few days. Usually, this portion is between 30% to 45 %.
Each company provides different portions of coverage. We can help you find the best final expense coverage. Just fill in the form, and we will contact you ourselves at your ease of time.
If you are out of treatment for more than 2 or 3 years, then you are on the safe side. Almost all of the insurance companies will give you 100% coverage from the first day. You only need to consult with someone who specializes in this niche.
Our company’s sole purpose is to help someone like you. We are always available to assist you. Fill in the form, and we will get back to you whenever you want.
Mental Health Problems
Mental health problems can range from something as minimal as depression and bipolar to as serious and problematic as schizophrenia. We will discuss these three mental health issues in detail.
It is easy to get quality coverage, no matter what phase of depression you are going through. Insurance companies normally don’t consider depression a major disorder.
Bipolar disorder is comparatively a difficult one to cover but some final expense insurance companies will cover you 100% on the first day. All you need is a little bit of research, or contact us and let us handle it for you.
Schizophrenia is like depression. Most insurance companies will not cause any problem even if you had schizophrenia throughout your life. There are some people on medication for this disorder but they can still be covered if they work with the right final expense insurance company.