If you are looking for a simple burial insurance application process with NO headaches… buying burial insurance with no health questions is a no-brainer. People who have health problems or a lengthy health history with prior issues and complications are frustrated by the long process of applying for any type of insurance, whether health or life. After mounds of paperwork, effort, and time, all you heard was declined due to health conditions you have no control over.
Now you have to start over seeking to get the life insurance you need to protect your family and you are just ready for this long journey to be OVER. Well look no further, your journey is complete and great news… there are better roads ahead thanks to burial insurance with NO health questions.
This burial insurance with no health questions article will detail EVERYTHING you need to know and more. Read on for more information or to compare several burial insurance rates instantly… click on Get Quotes Now on the left side of the page. You can always call us anytime at 800-517-0810 with any questions you may have. Let’s jump in!
No Questions Asked
Buying burial insurance with no health questions is really that simple. Since the application has NO underwriting or medical questions to answer, the entire process is 10 minutes or less. Since the application requires no health history be taken that means no medical exams or labs EVER to mess with. Congratulations, you are already APPROVED! The only criteria is that applicants are between the ages of 50-85 years old, living in state where these plans are available and you are of sound mind to execute into a legal contract. (insurance policies are legal contracts)
Burial insurance with no health questions is also called guaranteed issue life insurance. Guaranteed issue whole life insurance plans are GUARANTEED… meaning you can’t be turned down for health reasons. Once again, your acceptance is guaranteed. Let’s take a look some the benefits of these guaranteed issue plans:
- Fixed premiums – Your monthly payments will NEVER increase
- Your death benefits will NEVER decrease
- Anyone ages 50-85 years old can apply
- Face amounts from $5,000 – $25,000 available
- Multiple payment options available
- Automatically approved
- Simple E-Application – SO, NO HOUSE VISITS NEEDED
A Few More Benefits Included at NO Additional Charge
These burial insurance with no health questions plans also come with living benefits. This simply means you can use your life insurance policy while you are still living if you suffer a qualifying illness. If you suffer a chronic or terminal illness, you can borrow up to 50 percent of your policy’s face amount to help you pay for medical expenses. Just a reminder, any monies you take out will be deducted from the death benefit that will be paid to your beneficiary.
So… What’s the Catch?
Unfortunately, ALL guaranteed issue life insurance plans come with a mandatory 2 year waiting period. This means if you die within the first two years after taking out your policy, your death benefit won’t be paid out. However, you WILL receive all your money back plus 10 percent interest. 10 percent interest is more than any bank would pay out right now.
Plus, if you happen to die because of an accident, your death benefit would be paid out immediately without having a waiting period.
Some people who would automatically be best suited to opt for a guaranteed issue life insurance plan are folks with certain health conditions that preclude them from other policy types.
Here are some health conditions that will require you to take out a guaranteed issue life insurance plan:
- Currently bedridden or confined to a nursing home
- Acquired Immune Deficiency Syndrome or HIV virus
- Currently have Cancer (except basal or squamous cell skin cancer)
- Confined to a wheelchair
- Currently on dialysis
If you currently have the above health conditions, then buying burial insurance with no health questions policy will be your only option. If you are currently without life insurance and have some serious health issues like above, your time is NOW. You really need to get your two-year waiting period started immediately. You will be amazed on how fast two years will fly-by.
What if you don’t have those types of health conditions above but have been turned down before?
STOP and don’t assume Assurance Life can’t get you approved just because another company has turned you down. As a life insurance broker, we are able to compare numerous companies who often approve people that others have turned down before.
Plus, buying burial insurance with no health questions should be a last resort anyway. Most individuals that we talk to think they are in worse shape health wise than they really are. As mentioned, 90 percent of our clients are approved for a fully underwritten policy with no waiting period. Assurance Life has access to over 25 of the best senior life insurance companies in the United States. That means we can compare your health profile with ALL of our companies to match your specific medical conditions to find the RIGHT policy.
Some burial companies can be more favorable towards certain medications or health conditions, so having 25 companies to work is VERY HELPFUL. We know every burial insurance company inside and out because we work with most of them on a daily basis.
How Much Life Insurance Should I Buy?
This really depends on how much you and your family think you might need. Most of our clients purchase between $8,000 to $15,000 if they are JUST looking to cover their funeral expenses at the time of their passing. Keep in mind, ALL burial insurance companies have minimum and maximum limits on how much you can purchase. For guaranteed issue plans, normally $5,000 to $25,000 are the standard limits.
A Couple Things to Remember…
You might NOT have to buy burial insurance with no health questions. Our goal is always is to find our clients a policy that doesn’t have a waiting period. Unfortunately, sometime health conditions get in the way but finding DAY 1 coverage with NO WAITING PERIOD is ALWAYS our top priority. Once again, this is why Assurance Life works with so many different life insurance companies. Regardless of your health history, we can get you the most coverage at the lowest premiums.
Assurance Life is an independent broker which means we are working for YOU and not the insurance companies. Assurance Life is an expert in field underwriting and this is what SETS us apart from the rest. We would love to help you and your family with your insurance needs. For instant online burial insurance rates from several different companies- click Get Quotes Now on the left of the page. You can call us also at 800-517-0810 and one of our licensed specialists can answer any questions you may have.