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.

How To Get Approved For Life Insurance With Cerebral Palsy [The Right Way]

Updated: May 17, 2020 at 10:59 pm

to discuss life insurance for people with cerebral palsyIf you have Cerebral Palsy and search for life insurance, you know there is a “wrong way” going about it.

You’ve probably been declined and discouraged.

Or other websites and agents point you to a dead end.

I’m here to tell you that if you have Cerebral Palsy, you can get life insurance.

Without a doubt!

I’m honest and transparent, and it is tricky. However, it is not impossible.

In this article, we will discuss:

Feel free to click around and jump to a section as needed. I know time is money, so here is a summary of our article. Essentially, you can get life insurance. It just depends on a few different factors.

Let’s start why it’s hard for people with cerebral palsy to obtain life insurance.


Why Do People With Cerebral Palsy Have A Hard Time Getting Life Insurance?

People with cerebral palsy have a hard time getting life insurance because of one reason: life expectancy.

While many websites suggest otherwise, people with cerebral palsy have, on average, experienced a lower life expectancy compared to other individuals.

Of course, every situation is different.

Life insurers examine two areas of life expectancy. They are your ability to:

  • perform activities of daily living, and
  • work and maintain employment

Activities of daily living include the ability to dress oneself and eat. Your ability to perform activities of daily living is a key indicator of your life expectancy. Additionally, if you can work and maintain employment, preferably full-time and without any need for government assistance, that is an indicator as well. Many people are a little surprised when we say that employment is a factor.  Think about it. A person going to work with a sense of drive and purpose generally has a better expectancy outlook compared to someone who does not work.

Let’s take a look at underwriting in deeper detail, and you’ll see what I mean about these two factors.

Underwriting For People With Cerebral Palsy

Cerebral palsy can be classified in a number of ways. The most common classifications are based on:

  • severity – mild, moderate, or severe
  • topographical distribution – this describes the body parts affected. For example, monoplegia (in terms of cerebral palsy) means the condition affects one body part

Life insurance carriers look at all of this. If someone has mild to severe conditions and topographical distribution, then life insurance choices are more limited. Contrast someone who is working and has a mild case of cerebral palsy, his or her life insurance options are likely more plentiful.

Life insurance underwriting departments look at the big picture. As we discussed, your level of independence and employment play a huge role in the underwriting process. Moreover, they also look into co-morbidities (i.e. other health problems)  which affect life expectancy, including:

  • Number of impairments and number of key disabilities
  • Severity level
  • Mobility restrictions
  • Feeding difficulties
  • Seizures
  • Cognitive functioning
  • Visual acuity
  • Respiratory functioning

If you have any of these conditions affiliated with cerebral palsy, you’ll pay a higher amount, and your options are limited. Limited, but not impossible.

How Does Employment Play A Role?

People are usually surprised when we tell them that employment is an underwriting factor. It has nothing to do with my health, they say.

True, on the surface, it does not. However, going to work and being employed is an extension of the activities of daily living. If a carrier sees you are young and on SSDI, that’s going to play a role in the underwriting process. For one thing, you simply are not going to get a high death benefit. I know other agents say otherwise, but there is no way a carrier is going to insure you for $250,000 or $500,000 if you don’t work and contribute monetarily to your family.


to show life insurance underwriting for people with cerebral palsyLife Insurance Options For People With Cerebral Palsy

People with cerebral palsy have life insurance options. As we discussed earlier, the options depend on the severity of your condition and other variables.

We discuss these options next.

Mild Case Of Cerebral Palsy

If you have a mild case of cerebral palsy, and you work and employed, you’ll likely have some more life insurance options. We have helped a few families with mild cases this way. I’ll tell you; it’s still tricky. Not impossible, though.

Other websites state that a standard rating is available. That health table classification is not impossible, but it is unlikely. Likely, you may be in the table 2 to 4 range, which is still a very good class. Table ratings are just an extra premium paid to account for health concerns. Remember, the carriers are looking at your life expectancy. While people with cerebral palsy can live a long life, they are predisposed to other co-morbidities. This could shorten their life expectancy. As we mentioned earlier, your independence and employment situation matters for underwriting.

Your cognitive functioning is an important aspect of the underwriting process. A mild case and the ability to work indicates an independent life. You can make your own decisions.

Feel free to check out potential premiums in the quoting tool. Just input your information and see. (You agree to our privacy policy (bottom footer) and we may give you a call or email, but we aren’t like these other agencies calling 10,000 times per day.)

Moderate Case Of Cerebral Palsy

If you have a moderate case of cerebral palsy, that’s when options become trickier. Most people with moderate cerebral palsy need some assistance with daily living activities. Opportunities for work employment might be limited, but not impossible. An adult with cerebral palsy might receive SSDI.

In this case, term life insurance may not be available. More likely, a person with a moderate cerebral palsy can obtain burial insurance or final expense insurance.

Qualifying for burial insurance is much easier. All you need to do is answer “yes/no” on a health questionnaire and go through a quick, phone interview with an underwriter. After that, the underwriter makes a decision on the burial insurance. If your agent discussed and pre-qualified you correctly, you should be approved and no surprises of a decline. (Contact us if you have trouble with your current agent. We can help.)

Check out the final expense quoting tool. Just input the information as necessary. For health class, select “decent health”. As before, read our privacy policy in the footer. We don’t sell your information or anything like that. We may call and send you a text/email. But, we don’t try to contact you 1,000 times like others.

For moderate cases of cerebral palsy, a burial insurance policy might be the best choice.

Severe Cerebral Palsy

Severe cerebral palsy indicates the need for activities of daily living, cognitive impairments, assistance with everyday tasks, and more.

If you have severe cerebral palsy, life insurance is still available. Of course, the prior options we discussed are not. But, that is OK. As we said, life insurance is available.

The type of life insurance available is called guaranteed issue life insurance. The benefit of guaranteed issue life insurance is there are no health questions. You just apply, pay your initial premium, and you have life insurance.

Most agents discredit guaranteed issue life insurance. They say it is way too expensive. It can be. Remember, there are no health questions. The carrier doesn’t know the health or mortality risk (i.e. life expectancy) of the applicant. So, the carrier needs to mitigate its risk somehow. One way they do this is with a higher premium.

However, we at My Family Life Insurance do work with a very affordable guaranteed issue life insurance carrier. Premiums are very competitive. Moreover, they allow a guardian or power of attorney to sign if you can’t due to mobility or cognitive reasons. That is huge. Most carriers don’t allow this option.

If you would like to have a sense of options and premiums, feel free to quote. Just select “poor health” for health class. Please review our privacy policy. We may say hello with a phone call or email and ask how we can help. We don’t sell your information or bother you a million times per day.

Regardless of your situation, I am confident we at My Family Life can help you secure life insurance.


Life Insurance For Children With Cerebral Palsy

We all want the best for our children. Purchasing life insurance for your children is one way to do that. When constructed properly, it sets up a lifelong protective foundation for their children and family.

If you didn’t purchase life insurance on your child when they were born, no worries. We outline a couple of options. The first option is life insurance for your child directly. The second option is life insurance on you. (Yes, you heard me right.)

Life Insurance On Your Child With Cerebral Palsy

Getting life insurance on your child with cerebral palsy is a bit more difficult, but not impossible.

Carriers will review your child’s situation similar to that as we described above. Underwriters will want to know your child’s severity, independence, and assistance with any activities of daily living.

Here are questions from 2 popular carriers. You’ll need to go into detail about your child’s situation. This doesn’t mean your child’s condition is an outright decline. However, what it does mean is a likely table rating (as we discussed before).

life insurance questions on child with cerebral palsy

to show questions on life insurance application for a child with cerebral palsy

Regardless of your child’s situation, we have the knowledge to find him or her life insurance. If your child has severe cerebral palsy, we do work with one carrier that offers guaranteed issue life insurance for children and young adults.

Contact us to learn more.

Additionally, many term life carriers offer a child rider for a low cost. Of course, that means you need to obtain life insurance on yourself. What you may not realize is a handful of carriers don’t ask health questions on the child term rider. You can purchase up to $10,000 or $25,000 for your child. The life insurance can “convert” to permanent insurance later on, with no evidence of health insurability.

That brings us to a nice segue.

Life Insurance On Yourself

Many parents overlook life insurance on yourself. Sure, you might have life insurance through work, or your own individual plan. Chances are, however, it is not enough.

Purchasing life insurance on yourself is simple, and likely a more affordable option.

You could purchase a term or whole life insurance policy. True, whole life or other types of permanent life insurance have a negative connotation. However, in this case, having a permanent type of life insurance or whole life insurance is a good idea. You can set up a trust as beneficiary. Upon your death, the death benefit money flows into the trust. The money would then be used for your child’s needs. How great is that?

If there is something you learned in this article, is that you do have options.


Now You Know People With Cerebral Palsy Can Obtain Life Insurance

If someone says people with cerebral palsy can’t get life insurance, now you know that’s not true. They can.

As we discussed, type and amount of life insurance depend on the severity and other factors. However, you can obtain some type of life insurance.

Do you need to speak with a trusted agent? You can contact us or use the form below. We are much different than the agency down the street. First, we truly care about you and your situation. Next, we do have your best interests at the forefront. That’s the only way we know how to work with clients.

Finally, there’s no risk to contact us. If we can’t help you, you’ve learned a little more, and we’ll part as friends. Seriously! We’ll do our best to point you in the right direction. Can your agent say that?

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.

 

Life Insurance And Coronavirus [Consider These Other Insurance Options]

Updated: March 15, 2020 at 9:25 pm

to show the need for life insurance and coronavirusI read a Forbes article which described the increase life insurance traffic due to the Coronavirus (COVID-19).

People are worried about dying from this virus, which has a 3.4% mortality rate worldwide (around 2% here in the US as of this writing).

We have seen a surge, too, in phone calls, emails, and questions about life insurance and the Coronavirus.

However, there is one insurance that everyone is overlooking. You’ll need this insurance much more if you are inflicted with the Coronavirus.

Continue reading Life Insurance And Coronavirus [Consider These Other Insurance Options]

(Almost) Guaranteed Issue Life Insurance Up To $100k – One Question To Answer

Updated: April 14, 2020 at 8:10 pm

You want guaranteed issue life insurance, no heath questions, up to 100k in death benefit.

You just want an easy application and be done with it.

Or, maybe you have a moderate to severe health condition which precludes you from traditional life insurance underwriting and an affordable premium.

Whatever the case may be, you end up in a dead end.

You’ve researched and see guaranteed issue life insurance up to $25,000 or $40,000. Good coverage, but you want more.

Or, you don’t qualify based on age. Many guaranteed issue life insurance policies qualify people starting at age 50.

Additionally, maybe you don’t want to go through the hassle of a full underwriting process.

You think you can’t obtain $100k of life insurance coverage at guaranteed issue.

But, we are here to tell you that you can.

Well, almost. There is really one question (2 part question) to answer. It’s not really a health question, but more of a lifestyle one.

That is right. No direct health questions like if you’ve had cancer in the last 2 years. Moreover, no MIB, prescription drug check, etc.

However, some people will qualify for this life insurance while others will not.

This life insurance is offered by an A-rated A.M. Best carrier. They’ve been around for decades.

What is the catch, you ask? Yes, there is one, and we address that right off the bat.

In this article, we discuss the following. Feel free to skip ahead by clicking on the link.


Read on to learn more.


What Is The Catch?

You might be thinking, “What is the catch? This sounds too good to be true.”

Always transparent, I want to give you this information earlier in the article.

Yes, there is a catch. It has to do with health benefits and with your internet browsing data (of course!).

Millions of Americans do not have access to affordable health benefits. If you are self-employed, for instance, you have to pay your health insurance in full. Sure, you are eligible for a tax deduction, but it is still expensive.

A conglomerate of limited partnerships was created which offers insurance products at affordable rates.

One of those products is the life insurance offered here.

Personally, I think that is great. However, limited partnerships can’t function without charging you “something” or making an investment. In return, that “something” is your online browsing data. We discuss how that works next.

Briefly How This Works

Personally, I think that stinks, but I know you simply can’t join a limited partnership without an investment. There is no cost, with the exception of your online browsing data. You become a limited partner, and a limited partner, by definition, has no risk other than the investment. In this case, that is 0.

Your data is encrypted and anonymized. Additionally, you receive compensation for your data.

How they do this is by your installing an app on your browser – Chrome or Firefox – that tracks your browsing. If you don’t use either of these, then I guess you indirectly won’t participate and still have the life insurance.

I am neither 100% for nor against this. If this doesn’t work for you, or it feels funny, so be it. We can find you other life insurance.

There are other ways to earn money as well, which is described more here: www.ourdatamarket.com

Nevertheless, again, if this doesn’t feel right to you, then no problem. We can find you insurance from another carrier.


Who Could Use 100k Guaranteed Issue Life Insurance?

Really, anyone. However, as we discussed in our guaranteed issue life insurance guide, there possibly are other options for you instead of guaranteed issue life insurance. These options include:

      1.  traditionally underwritten life insurance which requires
      2.  simplified issue life insurance

In both cases, the premium cost will be less than that on a guaranteed issue life insurance policy, all things being equal.

However, maybe you don’t want or need underwritten life insurance. If not, guaranteed issue life insurance is good for:

(1) people who want a quick and easy application process. They don’t mind paying extra. However, until now, what put them off was a low death benefit (usually up to $25,000)

(2) people who have moderate to severe health conditions, or a lifestyle situation, and can’t qualify for an underwritten life insurance policy

So, guaranteed issue life insurance is good for people who have:

AIDS/HIV

Huntington’s Disease

Obese / high BMI

Recent heart conditions such as a cardiomyopathy

Huntington’s Disease

Cirrhosis

Kidney Disease

Complications From Diabetes

Stroke

SLE Lupus

Convicted felonies

Drug / Alcohol abuse or use

DWIs

If you have any of these conditions, or any we didn’t mentioned, you are probably eligible for the life insurance. We said earlier, however, there is one question to answer. Not many people will qualify for this life insurance plan. Let’s introduce this question next by discussing the underwriting process.


Underwriting

All guaranteed life insurance applications have questions. Many of these questions are administrative only; they ask about any current policies you have and if you will replace the policies.

Some other carriers have one or two health questions about terminal illness or extremely serious conditions.

In this case, there are a few questions to answer, but really only one that is the determining question:

“Are you actively at work and are you able to perform the normal activities of someone of like age?”

That is it. (Some states have a modified question, but similar.)

Before you simply say “Yes!” Think about that question. It’s not a gray area, subject to interpretation.

      • Are you actively at work, and
      • Can you perform the normal activities of someone your own age?

It’s not a hard question, but too many think they qualify, and they don’t.

Let’s discuss this question in more detail.

What Does The Question Mean?

This isn’t a trick question.

If you don’t work, you simply can’t obtain this insurance. You can be healthy every other way, but if you don’t work, let’s say due to depression, you don’t qualify. It is that simple.

And, if you only work a few hours per week, that is not “actively” at work. I think you would agree with me.

In fact, even working 10 or 15 hours per week is not actively at work.

Let’s talk about normal activities.

What is a normal activity for someone your age? Well, a normal activity means being able to dress yourself. Eating without assistance, too.

It also means the ability to read and comprehend. Have a conversation.

I think you see where I am going with this.

A negative answer prevents many people from purchasing this insurance. Essentially, if you need assistance with any activities of daily living, you can’t purchase this insurance. Moreover, as we discussed, if you are disabled and not working, well, you can’t purchase this insurance.

For example, I think you’ll agree that a normal activity of someone age 45 is to work. If you can’t work, then you can’t purchase this insurance.

Nevertheless, many people with moderate to severe health conditions, or none at all if they want speed and simplicity, can purchase this insurance, up to $100,000 in coverage. Provided, they can truthfully answer the question.

I am sure you are interested, so let’s talk about the life insurance in more detail.


Available Types of Guaranteed Issue Life Insurance For $100k

The carrier we use offers 2 types of guaranteed issue life insurance up to 100k:

      • (1) term life
      • (2) universal life (a type of permanent insurance)

Guaranteed issue term life insurance is uncommon. Usually, guaranteed issue life insurance is a whole life insurance product.

Universal life is a type of permanent life insurance. Permanent insurance is designed to last one’s lifetime. Types of permanent insurance include whole life, universal life, and variants of universal life.

Let’s go into these two life insurance options in more detail.

Guaranteed Issue Term Life Insurance Up To $100,000

Here are the particulars with the term life insurance:

      • Eligible ages: 16 to 75
      • Guaranteed issue life insurance up to 100k, provided question answered truthfully. Can apply up to $500,000 (with health questions answered, no paramedical exam.)
      • Spousal guaranteed issue up to $15,000
      • Children guaranteed issue up to $10,000
      • Conversion privilege to permanent insurance
      • Living benefits included (yes, that is right)
      • Term monthly premium is guaranteed for 5 years. After that, the premiums can increase
      • Immediate death benefit. That is right; no waiting period

Let’s discuss the universal life next.

Guaranteed Issue Universal Life Insurance Up To $100,000

Here are the particulars on the universal life insurance plan:

        • Eligible ages:16 to 75
        • Guaranteed issue up to $100,000, provided the answer to the question answered in the affirmative. Can apply up to $500,000 with underwriting (health questions; no paramedical exam)
        • Spousal guaranteed issue up to $15,000
        • Children guaranteed issue up to $25,000 for universal life or $10,000 term life insurance rider
        • Cash value earns a minimum of 3%. Remember, premiums are not guaranteed.
        • Living benefits included
        • Optional automatic increase in face amount rider
        • Immediate death benefit

       

Let’s discuss premiums on the life insurance next.


Premium Cost Of The Guaranteed Issue Life Insurance

Here are current premiums, for guaranteed issue life insurance up to 100k, provided you answer the question in the affirmative, of course. These are unisex rates. Tobacco use rates are much higher. Contact us if you have any questions.

to show how much 100k guaranteed issue life insurance costs


Application Process

The application process to obtain the guaranteed issue life insurance is very simple.

The application is online and obtained through a link from us.

Honestly, you can apply yourself; however, I recommend we do this together over the phone. We can screen share very easily, and I can show you how that is done.

Here is what you will need to do:

      1. need to register for access to the enrollment portal
      2. input your personal information (a secured; encrypted site)
      3. select Term or Universal Life
      4. answer 3 questions (including the one we described above)
      5. input who will be enrolling – you, you and your spouse, or family coverage
      6. enter smoking status, coverage amount, and other information then click on continue enrollment
      7. agree to the terms and continue with the enrollment
      8. enter your payment information and finalize the enrollment
      9. receive the limited partnership agreement sent to the email address you applied with and sign (more on that in FAQs)

If it seems easy, it is. Setting up and enrolling is no different than your enrolling or filling out any online application.

Still, though, I recommend you contact us to discuss the steps and screenshare if necessary.


Key Takeaways For The Life Insurance

Here are some key takeaways and summary about the guaranteed issue life insurance up to $100k.

      1. Really only 1 question to answer (there are two others, but they are about policy replacement and spouse/children enrolling)
      2. Not everyone will qualify
      3. Pick term life insurance or universal life insurance
      4. Apply online through our application link. It is like a ‘cart” option
      5. Agree to the terms and submit your application
      6. Agree to the limited partnership agreement (sent to the email address you applied with) and sign

FAQ About Guaranteed Issue Life Insurance Up To 100k

(1) Is this for real?

Yes, this is legitimate. The carrier that underwrites the life insurance is Transamerica, one of the largest insurance carriers in the world. You do need to answer, essentially, that one question as we described earlier.

If there is a “catch”, as we discussed, it is that this insurance is offered through a limited partnership (America’s Consumers & Affiliates L.P.) that was created to promote the controlled sharing of your online information. Your data is anonymous and encrypted. You also receive compensation for your online browsing data.

In return, you have the life insurance.

You can find out more here and the website www.ourdatamarket.com. Again, if you don’t like it, then we can find you other types of life insurance.

(2) If I am totally disabled, can I purchase the life insurance?

If you are not working and can’t perform the normal activities of someone at your age, then no.

(3) Is this guaranteed issue life insurance available in all states?

No, these plans are not available in all states. Contact us to find out.

(4) Is this guaranteed issue life insurance available in New York?

New York is a tough state for guaranteed issue life insurance. Some good news, though. While the term guaranteed life insurance is not available, the guaranteed issue universal life insurance is available in New York. Of course, you still have to answer the question. Thus, this life insurance is almost guaranteed issue.

(5) Can I purchase more than $100,000?

Yes, you can purchase up to $500,000. Any amount over $100,000 goes through a simplified underwriting process. This means you have to answer some health questions. Additionally, the carrier will look up your prescription drug history and your MIB report.

(6) Can someone else own the policy?

No, the applicant must be the insured and owner. A guardian, power of attorney, or trust can not own the policy. If you are in need of life insurance which contain these ownership options, please contact us.

 (7) Is there a waiting period on the death benefit?

There is not waiting period on the life insurance.

(8) Can’t I just lie on the life insurance application? The carrier won’t find out, right?

Lying on an insurance application is fraud. While the carrier may issue the policy, if they don’t feel you answered the questions truthfully, upon death they may either rescind your policy (pay back your premiums) or pay out a smaller death benefit.

Do you really want that for your surviving loved ones? Most people don’t. So, the best way is to be truthful. We have other life insurance options. If you are in a wheelchair or a use a walker, or have cognitive problems, likely you won’t qualify for this insurance.

So, just tell us the truth. We can likely find you the right life insurance for your situation.


How We Can Help

We hope you see that (almost) guaranteed issue life insurance up to 100k is available. Remember,  you must be:

      • actively working, and
      • able to perform the normal activities of someone of like age

If you can say yes to those questions, life insurance is likely available.

Want to know more and how we can help? Contact us or use the form below. We would be happy to chat with you and see if you are a good fit. We will also help you with the application process.

As we always say, there is no risk to contacting us. You see, unlike other agencies, we must work in your best interest. It’s the only way we know how. If we can’t help you, no problem. You’ll learn a little more, and we will part as friends. Seriously!

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.