How Do Prescription Discount Cards Work? [Behind The Scenes Insight]

Updated: June 28, 2020 at 9:25 am

I know you’ve seen the advertisements. Everywhere. If you are like me, you wonder how these prescription discount cards work.

Many of them are “free”. How is that possible?

Moreover, many cards state they offer significant discounts. Is that right?

In this article, I am going to give you an education on how prescription discount cards work and how they work behind the scenes.

Continue reading How Do Prescription Discount Cards Work? [Behind The Scenes Insight]

Don’t Worry: How To Get Burial Insurance Easily Approved For Kidney Disease | Immediate, Full Death Benefit Possible

Updated: June 23, 2020 at 10:40 pm

To show how people with kidney disease can get burial insuranceIf you, or a loved one, have kidney disease, I am sure you worry about burial insurance.

We are here to tell you that you can definitely obtain burial insurance, even if you have some type of kidney disease. Usually, with no problem at all. You can obtain burial insurance even if you are on dialysis!

That is great news! That means your loved ones and surviving family will have the funds available to pay for your funeral and burial needs. Moreover, you can leave extra money for them, too, if you wish.

You’ll have peace-of-mind and relief that you won’t burden your family and loved ones.

Of course, various stages of kidney disease exist. The stage and type of kidney disease matter to burial insurance carriers. We’ll get into that soon.

Moreover, you’ll pay a little bit higher than someone who is healthy. That’s just the way it is. I think you know that, though.

We specialize in providing the right combination of value and cost for our clients. Additionally, we work with over 20 burial insurance and final expense carriers. I am sure we can find the right carrier that’ll meet your coverage needs and budget.

Here’s what we will discuss:

Let’s get into the article. Feel free to jump around as needed. I know we can help you obtain the burial insurance you need.


Background About Burial Insurance And Kidney Disease

Here’s the deal when it comes to buying burial insurance if you have kidney disease.

You can easily get it, no problem in many cases.

Every burial insurance and final expense application will ask about kidney disease one way or another. There’s no way getting around that.

And, likely, you’ll have to pay more in some cases. Nevertheless, an immediate death benefit is available. We’ll discuss what that means shortly.

You see, the amount you’ll have to pay and the burial insurance available depends on the type of kidney disease you have.

Underwriting is the process carriers use to determine all this. We discuss underwriting next.


Burial Insurance Underwriting For People With Kidney Disease

The underwriting process with burial insurance carriers is easy. Remember that burial insurance is a small whole life insurance policy, usually not more than $25,000. Some carriers go up beyond that. (Know that we can get you any death benefit amount, dependent on your health conditions and need.)

The underwriting process is easy. Usually, it’s a questionnaire answered and a phone interview with the carrier’s underwriter. The underwriter looks up your MIB and prescription drug history.

Here’s the thing. Carriers all underwrite health conditions differently. However, a general consensus exists with kidney disease. Carriers all ask about kidney disease. There’s no getting around it. Moreover, they, generally, separate kidney disease into 2 parts:

  • those with chronic kidney disease (not on dialysis), and
  • those with kidney failure or on kidney dialysis. Also known as end-stage renal disease or renal failure

There are various types of burial insurance. Depending on the stage of kidney disease, you’ll either have the opportunity for an immediate death benefit or a graded benefit. Graded benefits have a partial benefit or a return of premium in the first 2 or 3 years.

What matters to the carriers are the types of questions the carriers ask as well as the medication you take. Moreover, carriers consider your other conditions. We’ll discuss that in more detail.

We discuss these next. First, we discuss the typical kidney disease questions on a burial insurance application.

The Questions Matter To The Carrier

The health questions first part of the underwriting process. It is the first part of the underwriting process.

Here are some examples of how carriers ask about kidney disease. These are taken off real applications:

  • in the past 4 years, have you been treated or diagnosed with chronic kidney disease?
  • have you ever been diagnosed with end-stage renal disease or required dialysis?
  • in the past 24 months, have you been diagnosed or treated for kidney failure (including dialysis) or chronic kidney disease?

We’ll get into this more. Do you see how these questions all differ? They are based on timeframe. Additionally, some carriers lump kidney failure and chronic kidney disease in the same question. That can make a difference with the type of burial insurance and the premiums you pay.

We at My Family Life Insurance work with over 20 burial insurance carriers, so we can find the right carrier that fits your situation.

The Medication Matters

The second part is the medication. Your medication matters to burial insurance carriers, too.

The carrier can look up your prescription use through your prescription drug history. However, it is good practice to tell your underwriter what medication you take.

The medication confirms your diagnosis of kidney disease. Common medication includes:

Azathioprine

Azasan

Imuran

Zortress

Everolimus (zortress)

Zenapax

Thymoglobulin

Sirolimus

Simulect

Rapamune

PrismaSol

Nulojix

Myfortic

Mycophenolic Acid

Lymphocyte Immune Globulin

Daclizumab

Belatacept

Basiliximab

Atgam

Irbesartan

Avapro

Venofer

Procysbi

Lanthanum

Iron Sucrose

Fosrenol

Cysteamine Bitartrate

Cystagon

Aranesp

Rocaltrol

Decostriol

Calcitriol

Calcijex

Zemplar

Procrit

Phoslo, Phoslyra

Paricalcitol

Levocarnitine

Epogen

Epoetin Alfa

Eliphos

Carnitor; Carnitor SF

Calphron

Calcium Acetate

Sevelamer

Sensipar

Renvela

Renagel

Hectorol

Doxercalciferol

Delflex

Cinacalcet

All of the aforementioned drugs treat kidney disease or kidney failure. Don’t think you can hide any of these medications. The carrier sees what you take through your prescription drug history check.

Finally, Other Health Conditions Matter

The carrier considers other conditions as well. They look at your overall health picture and take everything into consideration. For example, if you have sickle cell anemia in addition to kidney disease, the anemia plays a factor.

If you are extremely overweight, that could also play a

to show health questions on a burial insurance application including kidney disease

part in the underwriting. Many carriers have height and weight tables.

All of your conditions matter. See the health questions from a real application. The carrier leaves no stone unturned.

Additionally, if you use tobacco or smoke, that habit will land you into tobacco rates.

The moral: it’s important to disclose all of your health conditions. We work with so many carriers that we can find one that meets your needs and budget.


to show requirements for someone with kidney disease to obtain burial insuranceBurial Insurance Options Depend On Your Kidney Disease

As we mentioned earlier, your stage of kidney disease governs the type of burial insurance available.

If you have kidney disease, but not kidney failure, you can definitely obtain burial insurance with an immediate death benefit. There are a few carriers that offer an immediate death benefit for people with kidney disease. You’ll pay a little more than someone who is healthy, but you’ll have an immediate benefit nonetheless.

If you’d like to search for rates, feel free to use our quoter below. Select “excellent” or “decent” health for your health status. As always, we reserve the right to say hello and thanks, give you a call and contact you in other ways. However, you agree to our privacy policy. We don’t contact you 1,000 times per day.

Contrast with a graded benefit plan or one with a waiting period. In these cases, your beneficiaries receive a partial death benefit or a return of premium (with interest) if death occurs, usually, in the first 2 years of the policy’s start date.

Burial Insurance If You Have Kidney Failure (Dialysis)

If you have kidney failure, end-stage renal disease, or on dialysis, you have one burial insurance option. It is a guaranteed issue life insurance policy.  There’s no way around it.

Guaranteed issue life insurance is just how it sounds. It’s guaranteed issue. There are no health questions. You just fill out an application, and you have life insurance.

The drawback is a 2 year waiting period on the death benefit. If you die (by illness or natural cause) within the first 2 years of the policy’s start date, your beneficiaries receive the premiums you paid + interest.  Your beneficiaries receive an immediate payout if you die by accidental means.

While this may sound lousy, it’s not. Some coverage is better than none. Additionally, the best thing to do is apply now and get that waiting period started.

We work with nearly all the guaranteed issue carriers. Additionally, we work with a couple of carriers that have affordable insurance premiums.

Feel free to check out what rates could be. Just select “poor” health for health class. This isn’t an inclusive list, as we work with a few carriers that offer guaranteed issue life insurance, but don’t subscribe to the quoting service. As before, you agree to our privacy policy. Also, you understand we can give you a call or other means to say thanks and how we can help. But, we don’t call you a zillion times.


Now You Know You Can Get Burial Insurance If You Have Kidney Disease

We hoped you enjoyed this article and learned a little more. Yes, if you have kidney disease, you can obtain burial insurance. As we discussed, the stage of kidney disease matters. Additionally, your other health conditions do, too. If you only have kidney disease, expect the following burial insurance results:

  • kidney disease (no dialysis): immediate or graded death benefit
  • kidney failure, dialysis, end-stage renal disease: guaranteed issue life insurance only

So, what do you need to do next? Contact us, or use the form below. I hope we have shown we can help you obtain burial insurance. Additionally, we work with many carriers, and I know we can find one that meets your needs.

As always, we work with your best interests first. That is not only ingrained in our culture, but also required by our certifications. What does that mean? We have to put you first. I know that shouldn’t sound surprising. Moreover, if we can’t help you, we put you in touch with someone who can. There’s no risk of contacting us.

Learn More

Interested in learning more about the information in this article? Fill out the form below and we will email you additional customer literature, explaining these options in more detail. We are here to help and work only in your best interest.

What Dentists Need To Know About The Right Disability Insurance [Protect Your Loved Ones And What You Worked So Hard For]

Updated: June 15, 2020 at 10:05 am

I think you’ll agree, if you are a dentist or dental surgeon, you need your income. What happens if you can no longer work due to an illness or injury? How will you take care of your practice and your family? That’s where disability insurance helps dentists.

Continue reading What Dentists Need To Know About The Right Disability Insurance [Protect Your Loved Ones And What You Worked So Hard For]

The Best Personal Accident Insurance We Like For Individuals And Families [Affordable And Great Value]

Updated: June 4, 2020 at 10:10 pm

discuss the best personal accident insuranceI think you’ll agree with me having a strong, affordable personal accident insurance policy gives you peace of mind.

There are few things that can be worse than going to the ER or urgent care, right? ER and urgent care visits dampen any day. I mean, most people don’t wake up and say, “Honey, let’s spend 5 hours at the ER today!”

Ask the 40 million people who visited the ER last year for non-fatal accidental injuries (not including urgent care). That’s a lot of people. Did you know they spent, on average, $1,400 per visit?

That’s a lot of money! Talk about adding insult to injury! (No pun intended.)

You know that your underlying health insurance won’t cover these accidents well, especially if you are still within the deductible range of your health insurance.

That means a huge bill that’s hard to pay, considering most Americans don’t have $1,000 saved for an emergency.

Continue reading The Best Personal Accident Insurance We Like For Individuals And Families [Affordable And Great Value]

Get The Right Mortgage Protection | It’s Not Life Insurance. It Is Mortgage Disability Insurance!

Updated: May 24, 2020 at 12:05 pm

to show the importance of mortgage protection insuranceIf you own a home, you understand that you need insurance for mortgage protection.

What’s mortgage protection insurance, you ask? 

It’s simply insurance that will step in and pay your mortgage if you can’t.

Great, John. I have it already, you say.

You do?

Yes, I have mortgage protection right from my loan provider.

No. I’m not talking about PMI. And, other types from your provider are a waste – honestly. And, we will get into that in a minute.

Unemployment?

Nope. I’m not talking about that.

Ok, then life insurance?

Yeah…mortgage life insurance protects you to a point. But, while some people die during the term, most people don’t. That doesn’t mean you will. It just means, more often than not, most people don’t. You still need life insurance, though. Don’t get me wrong.

Then what is it?

Let’s talk about the right mortgage protection insurance. I guarantee you don’t have it or very little of it.


What’s The Right Mortgage Protection Insurance?

If you think the right mortgage protection insurance is life insurance, you are wrong.

Ok, ok. Maybe a little backlash. You need to protect your mortgage if you unexpectedly die. That is right. And, from that perspective, the best way to do that is with term life insurance.

You just pay these level premiums for the term. If you die during the term, your family receives the money to pay for the mortgage and other things.

If you’d like to see what rates could be on a term policy, likely they are cheap. Just enter your information. Be honest about your health. For coverage, enter your remaining mortgage and the term you like. (note: we may give you a call or send you an email/text thanking you for visiting our site. We don’t sell your information or call you 1,348 times per day.)

You see. Mortgage protection using life insurance doesn’t cost that much. Cheap! And, yes, it is important.

However, that’s where most people stop. They think they are “all set”. Unfortunately, that’s where many agents stop, too.

The right mortgage insurance protects you from illness, injury, or some other sickness. It will pay a benefit that you can use to pay your mortgage if you are sick, ill, or injured.


The Right Mortgage Protection Insurance Is Disability Insurance

That’s right. Disability insurance is the right mortgage protection insurance.

Why?

You have a greater chance of being disabled than dying prematurely. It’s true. Depending on which life insurance carrier you ask, their claims department will say between 2% and 4% of term life policies pay a benefit.

(That doesn’t mean you should go without life insurance to protect your mortgage (and other important things in your life…like your family!). However, most people stop there, thinking they are “all set”.)

The Social Security Administration releases these statistics every few years. The constant is that they rarely change:

  • 1 out of 4 workers will face a long-term disability that lasts greater than 90 days
  • Social security administration declines 65% of disability insurance applications. It can take years before someone receives a benefit
  • When you do receive a benefit, the amount is only like $1,200 per month if you are lucky. Can you pay your mortgage on that?

The answer is, “no”. You can’t. You would have to make some hard decisions about your and your family’s life including your home.

Are you ready for that? I hope you say, “no”.

What A Disability Really Is

That’s great, John, you say. But, I’m not going to be in a wheelchair.

Most of us have a skewed view of a disability. We notoriously think it’s someone in a wheelchair or using a walker. The fact is a disability can be from anything that prevents you from working.

  • you are diagnosed with cancer and need to step away from work
  • your child’s toy is hiding on the staircase. You don’t see it, slip, and fall down the stairs. Unfortunately, you break your back and hip
  • you are a carpenter. Suddenly, you become distracted and cut 3 of your fingers off (I saw this happen in a previous life)

What’s the common theme in all of this. Well, there are several:

  • you are not in a wheelchair. But, you can’t work
  • a disability can happen anywhere, anytime
  • there’s no logic to a disability. It doesn’t wait until you are ready. There’s no sequence of events
  • the unknown and future is scary

There’s no logic to a disability. Even the healthiest of people receive bad news or are injured. Disability does not discriminate. It doesn’t wait until you are ready, and it always comes at the wrong time.

This is the purpose of disability insurance. It provides peace-of-mind to your family.


How Mortgage Disability Insurance Works

With 25% to 30% (and higher) of workers having some type of long-term disability, wouldn’t you want some insurance coverage to protect your mortgage and family?

That’s where mortgage disability insurance comes in. It is simply a disability insurance policy that protects your mortgage.

Purchasing disability insurance completes your mortgage protection.

You’ll receive that monthly benefit for as long as you are disabled or when the term ends, whichever comes first.

Think about your peace-of-mind, knowing your mortgage is covered if you are sick, ill, or hurt and can’t work.

Oh? Do you already have some disability insurance through work? Most people do. But, I know it’s not enough.

Huh? What do you mean?

The IRS taxes disability benefits from group employer plans. That means the benefit you receive is much less every April when you have to pay. Additionally, many plans cap the monthly benefit.

So, that $2,000 you receive, for example, will be taxed. You’ll have a lot less than you think.

You’ll have to make those tough decisions we alluded earlier.

Supplementing your disability insurance with your own individual plan or simply having your own plan outright makes sense. It’s likely inexpensive, too. More on that, next.

In the simplest terms, we would set up an individual plan or add on to your group plan. We would make sure your mortgage is covered.


Cost Of The Mortgage Protection Insurance

to show how inexpensive mortgage protection insurance isMortgage disability insurance isn’t expensive. If you just want to cover your mortgage, you are looking 2 cents to 3 cents for every dollar of coverage.

Yes, that is right.

Maybe a little more, maybe a little less. But, on average about 2 to 3 cents on the dollar to cover your family’s mortgage and give you peace-of-mind.

 

Covering your mortgage with disability insurance costs 2 to 3 cents on the dollar. Will you say “no” to that kind of protection?

For example, covering a $2,000 mortgage might cost $60 per month.

That $2 per day or a cup of coffee you might spend at Starbucks.

If you want to supplement your group-employer disability insurance coverage, the cost could be a lot cheaper.

There are many ways to see the affordability of disability insurance to protect your mortgage.

You Are Not On Sale Or Milk

You have to remember you are not milk. Cost is an important factor, but remember what this is. This is coverage for you and your loved ones to keep everyone in your home. Milk goes on sale. “Shopping around” – as many people like to do – doesn’t fit with mortgage protection insurance. There’s no sale, other than the best time to buy it is right now. You can spend all day “shopping” and chances are, you’ll never get anywhere. It’s time-consuming. You’ll put off this important insurance. Then, when you need it the most, it’s not there.

How do we know this? I’ve personally received phone calls back from people or loved ones wanting to know if they can apply. The problem is they got too sick or injured. They no longer qualify.

The right way to go about it is to contact an independent agency like My Family Life Insurance who works with nearly all the carriers. We can find you the right mortgage protection insurance and disability insurance, saving you time and money.


Do You Know The #1 Reason Why People Lose Their Homes?

You should get this question right. Yes, it’s because of a disability! Technically, it’s because of unpaid medical bills. These medical bills happen because people get too sick or hurt to work.

Hmmm…does this sound like a disability?

I can’t stress enough how a simple and affordable plan like mortgage disability insurance saves you and your family’s future.


Now You Know The Right Mortgage Protection Insurance!

Now you know the right mortgage protection insurance is disability insurance. Yes, term life insurance is important, too. I bet, though, you’ve overlooked disability insurance. You are more likely to not work due to injury or illness than die prematurely.

Remember, you aren’t milk. You don’t need to shop around. It’s not expensive, either, considering the ramifications. If you want to partner with an agency that cares about you and your family, why not reach out to us? Contact us or use the form below. I would be happy to discuss with you the benefits of using disability insurance as part of an overall mortgage protection strategy.  Of course, if we can’t help you, you’ve learned something new, and we will part as friends.

Learn More

Interested in learning more about the information in this article? Fill out the form below and we will email you additional customer literature, explaining these options in more detail. We are here to help and work only in your best interest.