fbpx Life Insurance With No Waiting Period (2024 Rates)

Life Insurance With No Waiting Period (2024 Rates)

Burial Insurance With No Waiting Period

To see quotes for immediate coverage, fill out the quote form and compare 15+ different immediate coverage companies.

Have you been looking for a no waiting period burial insurance policy?

Have you been told you only qualify for a guaranteed issue plan with a two-year waiting period?

Well, you’ve come to the right place. In this article, we will go over how to get final expense burial insurance with no waiting period.

Keep in mind no final expense burial insurance policy will ever ask you to undergo a medical exam.

Table Of Contents

1. 90% Of People Qualify For Immediate Coverage

While most people will qualify for immediate coverage with at least a few companies, some health conditions immediately disqualify you from immediate coverage. If you have any of the health issues below, you will only qualify for a guaranteed issue, two-year waiting period plan.

  • Currently have cancer
  • Dialysis
  • Terminal Illness
  • Organ transplant
  • Currently in the hospital, nursing home, or some type of hospice care
  • Alzheimer’s/Dementia

Within the past 12 months…

  • Stroke
  • Heart Attack
  • Angina
  • Insulin Shock
  • Heart Surgery
  • Circulatory Surgery

If you don’t have any of the above conditions, you can probably qualify for immediate coverage, but it is not guaranteed until we have a conversation about your health. For example, a combination of many smaller health issues or medications can disqualify you from immediate day one coverage with no waiting period.

The only way to know for certain if you qualify for immediate coverage is by having a conversation with an independent agent who will compare your options among many different companies.

If you want to look at a full list of pre-existing conditions and if you can get coverage with no waiting period, visit this page.

2. No Health Question Life Insurance Plans

You may be wondering about “No health question” plans you see on T.V. or in the mail. All burial plans that do not ask any health questions are called guaranteed issue, and all of these come with a minimum 2-year waiting period.

No exceptions!

If you are looking to find a policy that does not ask health questions, you will be forced to go to a guaranteed issue insurance carrier.

If you die within the first two years of the policy, the carrier will only refund all of the premiums you have paid thus far with 10% interest for most carriers.

Guaranteed issue burial and life insurance policies are also slightly more expensive than immediate coverage policies with no waiting period.

If you are simply looking to get a policy as fast as possible with no questions asked, these are for you, but we do not recommend them if you are trying to save the most money.

3. Compare Multiple Carriers For Coverage

The key to getting a burial or life insurance policy with no waiting period is to work with an independent agency or brokerage. It can be difficult to find coverage with no waiting period if you have serious health conditions that many companies will deny you for.

However, there are many variables to consider in the type of burial insurance you want to apply for.

For example, if someone has diabetic neuropathy they can get qualified for immediate coverage with a few companies. But, if they also are taking medicine for some type of heart disease, they would have more trouble.

The health questions differ between every single insurance company so you need to compare multiple different ones.

Many agents and companies only offer one company. 9 times out of 10 you can compare and find a company that offers you a better rate with no waiting period if you look around.

We at Seniors Mutual are an independent agency and represent all of the top carriers in your state. If you qualify for immediate coverage with any burial insurance carrier we will find it, guaranteed.

Give us a call or fill out the quote form on the side and we will be in touch with you to find you a policy as soon as we can.