Burial Insurance With Sickle Cell Anemia

If you are considering purchasing burial insurance with Sickle Cell Anemia, you have landed in a good place. This review will briefly address the policy’s financial ratings and offerings, underwriting niches, pricing, and alternatives.

If you are here because you or a loved one suffers from Sickle Cell Anemia, you don’t need to be told it’s serious. However, if you think that will stop you from obtaining burial insurance, you are mistaken.

Here’s the deal.

The National Institutes for Health report 80,000 Americans suffer from sickle cell anemia, if you are one of them you will be pleased to know that you may be able to qualify for level burial insurance with no waiting period.

 Getting level death benefits means insurance coverage will be provided to you from Day One, without having to undergo any waiting periods.This is the best scenario. 

However, if you have  complications arising out of an SCD diagnosis, you may see an increase in your premiums. However, everyone is eligible to be approved.

Burial insurance plans do not require any medical or physical examinations to qualify. No doctor records are required to be provided either. Only a few basic health-related questions have to be answered. In a few cases, you don’t even need to do that.

Going through life with SCD can get tough but with any luck it won’t be keeping you from obtaining a burial insurance policy at an affordable rate.

Burial Underwriting for Sickle Cell Disease

The underwriting process for burial insurance is twofold:

First the carrier will look at your answers to application questions about your health. These questions are usually about specific conditions. Luckily, Sickle Cell Anemia is not a question that is seen on burial insurance applications. 

Second, the carrier will review you prescription history. While SCA patients take  many pain prescriptions, they don’t exclusively indicate SCA. As a result, you likely will not be asked about them. Hydroxyurea is the exception to this rule.

What Underwriting To Expect When Affected By SCD

Your condition’s severity will eventually dictate the kind of policy you can expect to be issued.

Remember that being merely diagnosed with SCD will not cause any problems with most burial insurance firms. When you’re applying for a burial insurance policy, this condition won’t necessarily hurt your chances. Keep this in mind and answer all questions honestly.

Level Coverage

The best case scenario.If you do not suffer from complications associated with your SCA, you will be offered a level “day one” policy with no waiting period. This is the ideal scenario, and not an unlikely one. 

Graded or Modified Coverage

 If you have complications associated with your Sickle Cell Anemia you may be offered a graded or modified plan. These plans may provide an immediate benefit for an increased price and a waiting period for the full benefit to kick in Generally speaking these policies are not a good option as the partial benefit does not make up for the increase in cost.  In these cases a guaranteed issue policy may make the most sense.

Guaranteed Issue Coverage

These plans have a full 2 year waiting plan but are generally better priced than graded plans and the came with no questions asked other than age and gender. If the insured passes away prior to the end of the 2 year period, the beneficiaries will receive the premium payments made plus interest. 

There are multiple insurance firms which provide guaranteed issue policies. The sole differentiating factor between all of them is their price., AIG, and Gerber Life provide the cheapest policies. 

Complications Arising Due to Sickle Cell Disease

Earlier we mentioned that complications from Sickle Cell Anemia could cause complications that would prevent an offer of level “day 1 “ coverage. Some of the serious complications are these:

Strokes- Will prevent day 1 coverage if less than 2 years old.

Acute Chest Syndrome- Will Prevent day one level coverage.

Organ Damage- Depending on the severity, it may prevent level day one coverage.

Pulmonary Hypertension- Will Not prevent level day one coverage

Blindness - May prevent level day one coverage

Leg Ulcers- No issue with Burial Carriers

Gallstones- No Issue with Burial Carriers

Blood Transfusions- No Issue with Burial Carriers

Bone Marrow Transplants- No Issue With Burial Carriers

Your Next Move

Thank you for choosing NODLB.com to research policies about burial insurance with Sickle Cell Anemia. Should you have any questions, please do not hesitate to call or send over an email