Have you been considering buying funeral insurance, and you are worried that your stroke history will get in the way? If you already have a health problem, such as a stroke, it will cause the insurance company will pay more attention to you.
Do insurers classify stroke as a critical illness? Firstly, in order to make things clearer about how to get the best funeral or end-of-life insurance plan, either you or the person in question should prepare the following:
- Note the date when the last date was diagnosed.
- The type of stroke that was diagnosed; is it a mini-stroke called TIA – transient ischemic attack or the full-blown type, also called CVA – cerebrovascular accident.
- The medications you have been taken, and for how long?
- Any physical or mental ailments as a result of the stroke
- Any other medical condition or disorder you and your family had prior to the stroke
- Tobacco consumption history
- Any past occurrence of stroke in the family
Before anything else, these things, as mentioned above, will determine the type of funeral policy you or a loved one will be offered as a stroke patient.
- Can You Qualify for Burial Insurance After A Stroke?
- Here is the Real Deal for Burial Insurance after a Stroke
- Here is the Bottom Line
- Here’s Another Very Interesting Thing
- How Burial Expense Companies Underwrite Strokes
- The Importance of the Date Your Last Stroke was Diagnosed
- Health Questions
- Medications
- Physical Impairments
- So, this is the Conclusion
- Life Insurance for Stroke Survivors
- What You Expect If You Have TIA or CVA
- Full-blown Stroke and Burial Insurance
- Activities of Daily Living
- Home Health Care
- Nursing Home
- Expectations for Stroke Survivors
- Your Stroke Happened Within the Last 12 Months
- Your Stroke Happened a Year Ago but in the Last Two Years
- Your Stroke Happened More than Two Years Ago
- How Much Life Insurance Should You Buy?
Can You Qualify for Burial Insurance After A Stroke?
Yes, in fact, you can secure a low-cost burial insurance policy even if you have had a stroke.
First of all, helping stroke survivors without insurance can be too unrealistic. In fact, some insurers will be more tolerant than others.
We will deliver these carriers to you. In most cases, funeral insurance can be obtained for stroke survivors, and yes, the coverage will start from day one. We have insurers who specialize in stroke, and they will offer you a level benefit, even if you were prescribed thinners the day before.
Many of our clients with stroke seem to have expressed similar concerns. Luckily, they found us, and we sorted things out for them. Today, we will take you through how you can also get a life insurance coverage.
You learn about the reaction of funeral insurance companies to an applicant who has had a stroke, the options available, and, most importantly, how to get the best plan.
Here is the Real Deal for Burial Insurance after a Stroke
You will not find one funeral insurance company that does not specifically ask about strokes. Please note that the full-blown is entirely different from the mini-stroke (TIA). If you had a mini-stroke, read this article.
Mini strokes are not very serious and severe, and your options are much better than options if you had a full-blown stroke.
Here is the Bottom Line
In all sincerity, your options and how good it is will solely depend on when you had previous experience with stroke. It does not matter when there are better options available for you.
If the stroke has occurred within a year, then you have to wait, and you will pay a slightly higher premium. At the same time, for more than a year, you will be entitled to the lowest rates with immediate coverage.
Here’s Another Very Interesting Thing
Did you know there is no need to undergo a physical exam when you sign up for a final expense life insurance plan? Yes, you read that right. You will only answer questions about your health.
A stroke is a serious medical event, so it can greatly affect the cost of life insurance. Fortunately, we can help you get the best plan possible irrespective of the last date of your stroke.
How Burial Expense Companies Underwrite Strokes
When it comes to hell, there are three things to consider. Keep in mind; there is no funeral insurance company that will not question you ask about the stroke.
That being said, below are three things that can affect pricing and policy regulations.
- Date of your last stroke
- Medications that were prescribed because of your last stroke
- Any physical or mental impairment resulting from a stroke.
In addition to the data points mentioned above, all of your other health conditions apply.
However, you don’t have to worry.
You don’t feel the need to figure out which option is best for stroke and other health problems.
That’s why we are! We will collect all your information and decide which companies are best for you according to your health information.
The Importance of the Date Your Last Stroke was Diagnosed
Some insurance companies will question you about when your last stroke was diagnosed, as a stroke usually happens again, and it is not known how serious it will be.
Most final cost insurance for full-blown stroke applications will be deferred for 12 months after the stroke is diagnosed. In fact, insurers are more likely to adopt policies with the highest premium rates.
In some cases, the minimum waiting period is two years. Your beneficiaries will only be entitled to the full death benefit if you pass away 24 months after approval.
We have insurers that offer immediate coverage from day one.
The companies will offer a better policy to cover final expenses or funeral insurance, but with a waiting period of at least two years.
This applies to any type of stroke diagnosis in the last 24 months after application.
Health Questions
As you might know, every funeral insurance plan that has underwriting always come with health questions. Additionally, questions will be asked about the stroke in any of the formats below.
- Did you experienced, diagnosed or treated for stroke in the past 12 months?
- Did you experienced, diagnosed or treated for stroke in the past 24 months?
Keep in mind that insurance companies are much more likely to go as far as two years on strokes. It is only a few of them that seem to go only a year ago, but they are certainly in the minority.
Medications
Besides asking health problems, all final expense life insurance companies will monitor certain medications.
In this case, they will follow a specific prescription that is usually used after someone has suffered a stroke.
Here are the most common stroke medications insurers look for
- Aggrenox
- Activase
- Coumadin
- Clopidogrel
- Nimotop
- Nimodipine
- Ticlid
- Plavix
- Warfarin
For stroke medications, the funeral insurance company will usually consider these three factors.
- The medications
- When was the first prescription issued?
- Is there a consistent filling since the first prescription?
Ultimately, keep all this information in mind when deciding if any medication will be a problem. If you have received any of these drugs for the first time in the last two years, many insurance agents will put you in the high-risk category (you will get a higher rate).
At the same time, we have companies that perfectly accept these medications. Likewise, if you have been receiving any of these prescriptions for over two years, almost all insurance companies will stop holding them against you.
Finally, your Superior mutual agent will be able to tell you quickly and accurately if any of your medications will affect certain carriers’ underwriting.
Physical Impairments
Unfortunately, physical impairment can be one of the worst disadvantages of a stroke. It is not uncommon for stroke survivors to lose control of a body part.
Sometimes it is permanent, and other times it is temporary. However, these side effects can prevent you from getting the most affordable rate possible.
So, this is the Conclusion
It does not matter the circumstance you can get coverage. However, physical impairments caused by a stroke usually leads to other problems that can prevent you from getting immediate protection and high-risk the most affordable rate.
Life Insurance for Stroke Survivors
Is it possible to get insurance after a TIA (minor stroke)? If you apply 24 months after your last stroke, top-rated insurers will offer Level policy options with the lowest payment rates. Also, with instant active insurance coverage that can come with some extra features.
Given the highly unpredictable nature of stroke, it would best that you or a loved one get an insurance on time.
Contact our final expense insurance experts, who have access to many top-rated insurance companies. We will professionally assist you in finding the best complete insurance policy for any stroke related condition for you or your loved ones.
What You Expect If You Have TIA or CVA
Funeral Insurance and Mini-Stroke
Will there be a waiting period for funeral insurance? Minor stroke or TIA as long as no permanent brain damage is done (which is not likely with a TIA), insurers will easily provide final expense insurance level policy.
This policy offers the best rates and immediate active insurance coverage that can have extra features.
Full-blown Stroke and Burial Insurance
Is there life insurance for you after having a stroke? As you may know, a full-blown stroke or CVA rather than a minor stroke is usually very serious and can lead to irreversible fatal injuries or death.
These are reasons insurers offer guaranteed issue policies to insure the final expense insurance for a CVA. This policy will have slightly higher pay rates and two years waiting period.
Activities of Daily Living (ADL’s)
They are classified as bathing, dressing, eating, and going to the bathroom. If you need help with all these, it will be very difficult to get immediate coverage and the lowest rate. Generally, not all funeral insurance companies offer coverage to anyone who needs help with ADL.
Fortunately, we have access reputable Insurance company, who do not have a problem with applicants who need help in their daily lives and can provide level insurance policies with low payment rates and instant active coverage.
Therefore, we hope that you will not have other health problems that would prevent you from qualifying.
Peradventure, you were not qualified for their coverage. We still have other top-rated companies that can offer another better option; however, the payment rate will be a little higher and with a waiting period of at least two years.
Home Health Care
It is highly common for stroke patients to need home health care for some time or permanently. However, like ADL, almost all funeral insurance companies ask specifically about home health care. Presently, if you are receiving home care, most insurers will decline.
Fortunately, there is a funeral insurance company that does not ask questions about home health care. They have no problem with it.
If for any reason, you have other health problems that prevent you from getting qualified, your payment will be higher and will have to go through a waiting period.
Nursing Home
Depending on how severe the condition of your stroke, some patients need to be admitted to a nursing home when they are being rehabilitated.
Unfortunately, you would not find a final expense company that does not specifically ask about a nursing home. No insurer will extend coverage to anyone who is presently in a nursing home.
So, if you are in a nursing home (regardless of the reason), your only option is to obtain a guaranteed issue life insurance policy.
The premium is very small since they do not raise health questions, and it includes a two-year waiting period. Thanks to God, it is available because of your circumstance as it guarantees coverage.
Expectations for Stroke Survivors
As you probably already know, the impact of a stroke on the cost of funeral insurance can be significant. In addition, a waiting period may be necessary, depending on when you last had a stroke.
Here is a complete overview of what to expect based on the last time you had a stroke.
Your Stroke Has Occurred in the Last 12 Months
Sadly, there will be an additional payment of about 15-30% and a waiting period of 2 years. Because your experience with stroke is recent, it is inevitable in every company.
Your Stroke Happened a Year Ago but in the Last Two Years
In this case, there will be an improvement in your options. Mostly there are insurers who only asked about strokes in the last year.
Because your stroke is over a year old, you can sincerely say no to this question. With these companies, you will be eligible for immediate insurance at the lowest prices.
Your Stroke Happened More than Two Years Ago
Of course, many insurers will ask about strokes in the past two years. If yours is more than two years old, you can practically have a good option. Almost all companies do not care about the stroke because it is now beyond the scope of their guidelines.
You will be eligible for Level rates. Your insurance will go into effect immediately, and you will have no waiting period.
How Much Life Insurance Should You Buy?
Before applying for life insurance, it would be best to decide the suitable policy for your family I case of any happening.
Some factors are important when figuring out the amount of life insurance that can effectively cover your family. Insufficient life insurance is one of the biggest mistakes you can make for your family members.
The first number you need to calculate is your bills and any debts you might be having currently. If something happens to you, all these costs and debts will go to your family.
Ensure that your life insurance policy is big enough to settle your mortgage, student debts, and other things that can burden your family.
The next number on your list to consider is your income per year. If something tragic happens to you, your family will not have your salary, meaning it would be difficult for them to pay basic expenses.
If you are one of the primary sources of income in your home, your life insurance plan must be big enough to replace your salary.
If you have suffered a stroke in the past years and you are seeking adequate and the best life insurance coverage, reach out to us and let’s talk about your risk.
Ensure that all questions are answered in all sincerity and truthfully as possible to ensure you are not only getting the suitable level of coverage, but also the best rate available.
The facts will be absolutely necessary for the agent providing the quote.
