Can I still get a burial life insurance if I have pre-existing health condition?
As time begins to leave its marks, we begin to worry about the future of those we will leave behind when we die. Nothing is scarier than to think that you will leave your family with financial problems and they will have difficulties to sustain themselves. You can remove these worries if you are willing to sign for life insurance for funeral costs.
Also named burial life insurance or final expense insurance, this policy has the advantage of building cash value that will be later used to pay for all funeral costs and alleviate the financial responsibilities of your family. “Can I still get a burial life insurance if I have pre-existing health condition?”- The answer is yes and we will show you why.
For many people, the traditional way of leaving money for dependents is the usage of whole life or term life insurance. But if you are older and you present some medical issues, there are many chances that you will not get any of those two forms of insurance.
Unlike the policies mentioned before, final expense insurance can be obtained even by those having a chronic condition. The guideline for obtaining it simpler and you can secure this policy easier. As you can imagine there are still limits and terms. Burial life insurance has also some categories and you must see where you fit.
You can obtain a simplified issue plan, with a face value ranging between $3000 and $50.000, if you have some health problems like: high cholesterol level, high blood pressure or some minor heart problems. You will usually have to answer to a set of medical questions, but a medical exam is not required in this case.
But, if you have major medical problems, you can still get final expense insurance with graded death benefit. This has some restrictions. It provides coverage after some predetermined amount of time has passed (typically two years). The money paid to the beneficiaries at the time of your death will not be the full benefit amount, but only a portion, depending on how many years you have participated for the cash build.
Purchasing final expense insurance is never easy but we want to help you. We provide quotes from numerous life insurance companies and we are positive that you will find one to suit all your needs and expectances. Visit our website!