Getting any type of life insurance can seem impossible if you are currently or had to go on kidney dialysis in the past. Many insurance carriers will decline you and you may think it’s not possible to attain any insurance, at least at an affordable cost.
The good new is we are experts are finding insurance for people currently or in the past have been on kidney dialysis, and no matter how bad your condition is, we can find burial insurance that meets your needs at the lowest price possible.
In this article we will go over all of your options, hat you qualify for, and what to expect when applying for insurance and how to find the cheapest rate available to you.
Table Of Contents
- How To Get Burial Insurance With Kidney Dialysis
- Your Options
- Organ Transplant
- Haven’t Started Dialysis Yet
- Find The Best Deal
How To Get Burial Insurance With Kidney Dialysis
Many people on kidney dialysis think they cannot get any coverage, or that it will be too expensive and don’t even try. That’s a shame because many are indeed told that same thing by various sources of misinformation out there.
The truth is, we can help anybody on kidney dialysis get affordable burial insurance. You just need to know where to look. Mane insurance agent and agencies out there only offer 1 product from 1 company.
Seniors Mutual is a completely independent agency that offers all of the top insurance companies out there to find the best possible product for you. This includes for people on kidney dialysis. So here are your options.
People can still qualify for level immediate coverage if you haven’t been on kidney dialysis in over a year and don’t have any kidney disease anymore. This is pretty rare, as many people will have some type of kidney disease the rest of their life.
If you are one of these people who only went on kidney dialysis for a little while and are cured, we can find you level immediate coverage! This is the same price as someone who has never had any kidney problems and comes with immediate day one coverage.
Graded benefit is available to people no longer on kidney dialysis for at least one year but still have some type of kidney disease. This is more common as sometimes people only need dialysis for a short while and are cured within a few years.
Graded benefit is slightly more expensive than level benefit and pays out a graded benefit over the first two years. Usually this is 30% benefit the first year, 70% the second year, and after two years they pay the full benefit if you pass away.
This is the best option for people who had kidney dialysis in the past but have no type of kidney disease anymore.
If you are currently on dialysis, you must go with a guaranteed issue policy. These policies ask no health questions, and as the name implies, everyone is guaranteed an issued policy. They are pretty affordable and you only need to fill in you name, address and payment info and you get a policy in minutes!
The only catch is all guaranteed issue policies come with a two year waiting period, where they only pay out what you’ve paid in with 5-10% interest, usually 10%.
Most people don’t get burial insurance because of this two year waiting period but we must ask, where else can you get 10% interest? Even if you do pass away within the first two years, your family will still get more from you from this 10% rate of return than if you had not taken out the policy, and it’s 100% tax free!
We try to get everyone level benefit at Seniors Mutual, but sometimes that is not possible. If you are currently on dialysis this is your only option.
Many people on kidney dialysis will have to get a kidney transplant for quality of life. Any organ transplant at any time in your life will automatically make you go with a guaranteed issue policy, no exceptions.
If you haven’t had the transplant yet but have on scheduled that will also come up on the medical history check and make you go with a guaranteed issue.
If you know at some point in your life you will have to get an organ transplant, we recommend applying for a burial insurance policy before that happens. If you can get off dialysis and cure whatever kidney disease you have, even better.
In the end, if you have any questions about what you should do, give us a call or fill out the quote form on the right and we will give you all of your options depending on your current age and health conditions.
Haven’t Started Dialysis Yet
If you have kidney/renal disease but haven’t started dialysis yet, it is very important to sign up for a policy before that happens.
There is one (literally only one company) that will insure you for level benefit with day one coverage if you have kidney/renal disease but not on dialysis yet. Make sure to let us help you apply for that insurance before you start dialysis, or you won’t be eligible any longer and you will have to get a guaranteed issue policy that is more expensive and comes with a two year waiting period.
How To Find The Best Deal
Many people come to us frustrated because they think it’s impossible to get coverage for their current health conditions, or they can’t find affordable coverage.
Many in the insurance industry unfortunately sell only one carrier and one product, pushing people into policies that don’t serve their best interests. While this is slowly changing it is still the case today.
We at Seniors Mutual are an independent agency that contracts with all of the top carriers in the business, basically shopping for you to find the best deal for you. There are not many agencies out there like that.
When you fill out our quote form or give us a quick call, we will go over your health information to determine what plans you do qualify for and how much they cost, giving you all of the options available to you so you cna make a decision for yourself.
In just a few minutes we can have a burial insurance policy set up for you to protect your family from the serious financial burden that is your final expenses and guarantee that is the best available price on the market!