Burial Insurance for Diabetics Review
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Burial Life Insurance With Diabetes
If you have been diagnosed with diabetes and are considering purchasing burial insurance, you have landed in a good place. This review will briefly address the product’s offerings, underwriting niches, pricing, and alternatives associated with this condition.
Receiving a diabetes diagnosis can be life-changing. You will now have to drastically alter your diet, take new medications and begin exercising regularly to stay in good health after this diagnosis. Diabetes treatment strategies have evolved during recent years, with the outlook looking quite promising for patients who rigorously stick to their treatment schedule. While being diagnosed with diabetes means less cake, you don’t necessarily have to pay expensive premiums and get through waiting periods for obtaining burial insurance.
What Does It Mean?
Anyone who is diagnosed with diabetes, which may be controlled or otherwise, can obtain burial insurance policies. The better the control, the better the rates.
Because many diabetics have been declined for traditional term policies, they believe they are uninsurable .However, this is only due to lack of proper information and the right independent agent.
The truth is that it is possible for diabetics , without severe complications, to secure affordable policies without having to go through long waiting periods. Even those with more severe complications will get offers, albeit with a graded benefit period.
Questions You Will Be Asked By Burial Insurance Companies if you have been Diagnosed With Diabetes
Burial Insurance firms are likely to assess several factors while going through your application. Each plan has its own unique underwriting process. The list provided below is a sample of the likely diabetes-related questions you may be asked by insurance companies
However, do note that these issues don’t mean that you’re not eligible for burial insurance at an affordable rate. Despite any diabetes-related issues, you may have faced in the past, there will always be companies ready to work alongside you!
Questions You May Be Asked:
- Details regarding any nephropathy issues (kidney-related issues caused by diabetes)
- Details regarding any retinopathy issues (eye-related issues caused by diabetes)
- Details regardings any neuropathy issues (circulatory/nerve-related issues caused by diabetes)
- Details of insulin unit quantity taken per day
- Whether you suffer from type 2 diabetes or type 1 diabetes
- Details regarding weight and height
- Whether you’ve ever fallen into a coma caused by diabetes
- Whether you’ve ever gone into insulin shock
- Whether any amputations were performed as a result of diabetes
- Details about currently-used medications
- Whether the diabetes diagnosis was made before turning 50
However, the following questions have a very low probability of being asked:
- Family History
- The number of years you’ve affected by diabetes
- A1C levels
To sum it up, these are the likely questions that various burial insurance policy providers may ask you about.
How Do Burial Insurance Firms Respond To A Diagnosis of Diabetes?
In today’s world, diabetes has become a very common condition. Due to this, several burial insurance firms have designed policies accordingly to accept more people affected by diabetes. Many burial insurance policies have no issues with even serious complications, which were caused due to diabetes.
An important point to note is that all these final expenses insurance firms vary in their underwriting guidelines. What this means is that a diabetic issue accepted by one carrier may be rejected by another.
For instance, company A may be fine with neuropathy. However, another company may choose to decline you, stating this reason. This scenario can turn out true for various issues faced by any diabetic.
It must be noted that irrespective of how severe or mild your diabetes may turn out to be, no matter how severe your complications may be, there always will be policy options waiting for you.
Below is a list of the major complications associated with diabetes. It must be kept in mind that even with the following serious complications, you are still eligible for burial insurance at affordable rates.
- Having a history of amputation, resulting from diabetic complications
- Insulin Shock
- Diabetic Coma
- Retinopathy, which refers to eye issues caused by diabetes
- Nephropathy, which refers to kidney issues caused by diabetes
- Neuropathy, which refers to circulatory/nerve issues caused by diabetes
- Type 1 Diabetes
It is important to note that while several insurance firms are fine with the conditions listed above, a few are not.
The Last Item On Your Checklist
Like every other burial insurance policy, your complete health profile has to be analyzed for consideration. Your diabetes diagnosis happens to be a single piece in the overall jigsaw puzzle. While there are several insurance firms, which can provide diabetics with a great deal on final expenses insurance, you may also have other medical conditions which could dampen these prospects.
We’re making a special note of this since you have to remember that all insurers look at your complete medical profile, including all other conditions, apart from diabetes. While we can connect you with great burial insurance carriers for diabetes, that doesn’t mean that any other serious medical conditions that affect you won’t be present an issue.
Your Next Step
Thank you for choosing NODLB.com to research burial Insurance policies with COPD. Should you have any questions, please do not hesitate to call or send over an email.