It can seem impossible to qualify for burial insurance with COPD. Many companies do not look at this condition favorably, and will at bare minimum offer coverage only with a graded, partial waiting period for full benefits. Luckily that is not the case with every carrier! There are several companies that either don’t ask about COPD, or do ask but won’t raise your rates whatsoever!
Now, some people have Chronic Obstructive Pulmonary Disease and don’t know it because they have something called something else.
If you have emphysema, severe asthma, or chronic bronchitis you have COPD.
These are all forms of COPD, and whether or not you believe you have it, insurance companies will characterize these conditions as COPD, so it is out of your control.
What Coverage Can I Qualify For With COPD?
When it comes to COPD, many companies will ask you something like the following question:
“Have you been diagnosed or treated for emphysema or COPD?”
It does not matter how long ago you were diagnosed, as COPD is almost always a permanent condition that does not go away.
No matter how mild or severe your COPD, there are a couple companies that will still offer you level immediate coverage with no waiting period.
There are a couple more companies that will offer you level immediate coverage but only if you are not taking oxygen (even for emergencies) at any time. If you were prescribed oxygen to help with your COPD these companies would only offer a partial waiting period and raise your rates. However, this should not change anything with the companies that offer level coverage no matter what.
Lastly, the cheapest COPD rates come from one company that only accepts people not taking any medication for COPD. If you have a very mild case of COPD and do not need or have been prescribed any medicine for it, we recommend applying for coverage with this company ASAP before you inevitably need medication for it. This will save you hundreds, even thousands of dollars over many years.
In the end, no matter how severe your COPD, you can qualify for level immediate coverage with one of the companies we offer, as long as you do not have something else serious like current cancer. The only way to know for sure is by giving us a call or filling out the quote form and we will be in touch.
What If I Take Oxygen?
If you take oxygen for your COPD or for any other reason, you do not have to go to a guaranteed issue two year waiting period carrier!
Yes you read that right. Even people on oxygen can qualify for coverage without a full two year waiting period. The only reason you have to go with a guaranteed issue carrier is if you are on oxygen 24 hours a day permanently.
With that being said, everyone who is on a smaller amount of oxygen will still be subject to a graded plan, which only pays partial benefits. But these are still superior to guaranteed issue because they pay out more benefits quicker, and are cheaper!
So what if you do have oxygen?
There are really only two carriers that insure you with a graded plan at this point. The exception to this is if you haven’t used the oxygen in the past 6 months, in which case a few more carriers will offer coverage. Since this is rare for most people, you should have no problem getting a graded policy with current oxygen use.
What Are My Options With COPD?
Since we have already clarified that you can still get level immediate coverage with COPD, depending on your other health conditions and oxygen use, you should have no problem applying for coverage with us today at no cost to you.
However, if you are one of those people who take oxygen, even a little bit, then we urge you to apply today and don’t delay. The reason is that if you take oxygen you will have to go with a graded policy that only pays partial benefits the first two years.
This is still superior to no coverage.
Your beneficiaries will still get a nice payout if you die within the first two years, a lot more than what you have put in with your monthly payments. Hopefully, you live through the first two years and are back to full benefits after those years.
How To Find The Best Burial Life Insurance Companies With COPD
If you’ve made it this far in the article, then you know it can be very confusing and intricate to find the right company that offers you the best rate for COPD. Luckily, we are experts in this health condition and what each of the top rated burial insurance companies will offer and do to your coverage with COPD.
All you have to do to find the best burial company for you is give us a call or fill out the quote form and we will be in touch. All of our conversations are no obligation and will give you all the information on the best company for you and why.
We are not like most insurance agents you talk to. We represent all of the top insurance agencies so people like you who have COPD still have a chance to get coverage with the few companies that will offer you a policy.
We promise we will do everything in our power to find you the best value, lowest cost insurance plan that will save you the most money!