How to Buy Burial Insurance with Parkinson’s in 2024
Written by Daniel Ray, Life Insurance Expert |
✅
Fact Checked by
Lisamarie Monaco |
Editorial Disclosure
In the face of increasing costs and uncertainties, securing burial insurance for individuals with Parkinson’s disease is a thoughtful way to protect your loved ones in the future.
Even when a life insurance policy is already in place, there can be additional expenses when someone passes away.
Perhaps you’ve asked yourself, “How much does a burial cost?” It’s an important question, especially when we consider that the average funeral costs more than $10,000 these days!
This article aims to help you navigate these challenges.
We’ll provide tips on how to save on this final expense. In fact, low-cost burial insurance specifically designed for people living with Parkinson’s disease.
This kind of insurance can help cover these costs and ease the financial burden. Peace of mind for your family during a difficult time.
We’re here to support and guide you in making the best decision for you and your loved ones.
Table of Contents
Understanding Your Options
“Is it possible to obtain life insurance with Parkinson’s disease?” If you’re grappling with this question amidst the challenges that Parkinson’s Disease (PD) poses for you and your family, know that you’re not alone.
If you’re here reading this, we recognize the strength of your spirit and your positive mental attitude in facing life with Parkinson’s disease.
We also understand your foresight in planning ahead by considering burial or final expense insurance for the inevitable future.
Deciding on burial insurance not only provides you with peace of mind but also ensures that your family can focus on cherishing shared moments rather than financial concerns.
As the legendary Muhammad Ali, who himself battled Parkinson’s disease, famously advised, “Don’t count the days; make the days count.”
Securing Final Expense Coverage with Parkinson’s Disease
We’re pleased to share some encouraging news…
Affordable burial insurance with immediate coverage is entirely achievable, even if you’re living with Parkinson’s disease.
With over 28 years of experience in the insurance industry, we’ve assisted many individuals dealing with this neurological condition secure the best burial insurance at the most affordable prices.
And we are entirely confident that we can help you too!
Take some time to read through this guide to gain insights on how burial or final expense insurance companies approach applicants with pre-existing conditions like PD. You’ll also learn about the different types of insurance plans available in various scenarios.
Most importantly, discover how we at InsuranceForBurial.com can guide you towards affordable, high-quality burial insurance options, no matter the severity of your Parkinson’s condition.
Navigating Parkinson’s Disease and Final Expense Insurance Companies
The Good News
Even though Parkinson’s disease (PD) isn’t curable, insurers often provide affordable rates due to available treatments and medications that help manage symptoms. This is much like how they handle other pre-existing conditions, such as Multiple Sclerosis, Systemic Lupus, etc.
In fact, individuals with this progressive neurological disorder can incorporate a variety of complementary therapies alongside traditional medicine, empowering them to live healthy lives.
Several top-rated burial or final expense insurance companies, which we have established connections with, offer plans at the lowest possible price with immediate full coverage from day one. These plans, commonly termed as “level”, “simplified”, or “preferred”, are typically available to those with no serious health issues.
To determine eligibility for a level insurance policy, you’ll need to undergo an underwriting process. This process helps insurance companies understand any additional health concerns they might need to account for.
Certain top-rated burial insurance companies are more than willing to offer a level plan to an applicant with Parkinson’s disease, provided they have no other serious health conditions.
Did you know….
Unlike life insurance, burial or final expense insurance doesn’t require a rigorous medical examination (like physical, blood tests, urine tests, EKG, etc.).
Applications can be comfortably completed from your home through a simple phone call to your insurance agent or agency.
Remember, direct purchase of a burial insurance policy isn’t possible with most companies, especially those offering the lowest premiums.
If you try to apply for coverage directly, you’ll be informed that their policies are only purchasable through an agent.
The Bad News
Unfortunately, many burial or final expense insurance companies consider applicants with Parkinson’s disease as high-risk. Due to this, they often struggle to provide a level plan.
It’s a regrettable situation that impacts individuals with Parkinson’s looking for insurance options.
Companies in this industry may consider applicants with Parkinson’s disease, but they often increase the premiums to compensate for the perceived risk or enforce a waiting period before beneficiaries can receive full benefits.
In some cases, they might even outright decline your application, leading to a waste of your precious time.
For this reason, we highly recommend connecting with experienced Final Expense Insurance Specialists who have access to companies comfortable with Parkinson’s disease. At InsuranceForBurial.com, we can assure you that we have such access.
Wondering what plan is best for someone with Parkinson’s disease? Don’t hesitate to complete the instant quote form on this page or give us a call.
We’ll put in dedicated effort to secure your insurance policy approval at the most affordable price, providing guidance on the optimal way forward.
Deciphering the Underwriting Process for Parkinson’s
Wondering what a burial insurance policy covers? The underwriting process is a crucial part of obtaining this coverage.
During this process, insurance companies will pose health-related questions and review your prescription history.
To provide the most accurate quotes for burial insurance for Parkinson’s disease, we need to understand several aspects of your health. These include:
- Health Questions: We’ll ask about your current and past health conditions (if any) and lifestyle.
- Prescription History Review: We’ll assess your history of prescribed medications.
Is Parkinson’s a pre-existing condition? Absolutely.
From an insurance carrier’s perspective, any health condition, treatment, living condition, or type of assistance that you inquire about generally signals potential risk.
As a result, the insurance company might offer coverage at higher rates and may include additional stipulations in certain cases.
Parkinson’s Disease In The Underwriting Health Questions
Does life insurance cover Parkinson’s? It’s crucial to understand that insurance companies can differ significantly.
Each carriers’ approach is different to querying about Parkinson’s Disease or any other health conditions.
They often use varied phrasing in their questions. Understanding this difference is important in navigating through their processes effectively.
In asking about PD, some companies will ask about a time frame for when you had it and some won’t.
Here are a couple of examples of how underwriting health questions may inquire about Parkinson’s disease:
- Within the past 24 months, have you received a diagnosis, taken medication, or been advised for treatment of Parkinson’s disease?
- Have you ever been diagnosed with Parkinson’s disease, received treatment advice, or taken medication for it?
Some insurance companies may also use general words that describe Parkinson’s disease, here’s how the question may go:
- Have you ever been diagnosed, advised for treatment, or taken medication for a neurological condition or disorder?
Since PD is a neurological condition, you are obliged to answer yes.
There are other health questions that are also answerable by yes or no.
These questions may appear straightforward enough for you to answer independently.
However, we highly recommend consulting with an experienced Final Expense Insurance Agent.
They can guide you in responding in a manner that aligns best with your interests, while still maintaining absolute honesty.
Navigating Depression Associated with Parkinson’s Disease
In many cases, individuals living with Parkinson’s disease also grapple with depression, especially those who are still navigating the process of accepting their condition.
Despite this, the silver lining is that a large number of insurance companies don’t consider depression a significant issue.
This holds true even if you’re prescribed or actively taking medication to cope with it.
Consequently, securing burial insurance for Parkinson’s disease remains a realistic and achievable goal, even when you’re dealing with the additional hurdle of depression.
Assistance With Daily Activities And Parkinson’s
Dealing with the impacts of Parkinson’s disease may involve needing help with daily tasks or in-home health care.
Unfortunately, this reality can complicate your pursuit of a standard level burial insurance policy. Instead, you may find yourself offered a “graded” insurance plan.
Insurance companies are most interested in the factors that affect their risk. This is why they ask about your daily activities or if you require home health care during their health questionnaire.
It is not uncommon for individuals living with severe Parkinson’s disease to need assistance with daily activities or to have home health care.
Did you know…
Eating, bathing, dressing, toileting, grooming, moving about, and taking medications are everyday tasks that insurance companies take into account.
Here’s a useful note: A variety of assistive devices can aid in maintaining independence in your daily activities.
For instance, if hand tremors make eating a challenge, a stabilizing spoon might be an invaluable tool.
All burial insurance companies inquire about assistance with daily activities, with the exception of Royal Neighbors of America. However, this company will still ask if you have Parkinson’s disease.
Despite the cost, this will likely be your best, lowest-cost plan if Parkinson’s disease has impacted your ability to perform daily activities, since other smaller insurance companies may outright reject your application.
Last option the next alternative is a “Guaranteed Issue” (GI) insurance plan.
These plans don’t require an underwriting process, but they come with a higher cost and a two-year waiting period for the full benefit amount.
If the policyholder passes away during this waiting period, all premiums paid will be refunded with 10% interest.
Parkinson’s Life Expectancy
What is Parkinson’s disease life expectancy? Please understand, the disease itself is not fatal. Most often life expectancy is reduced by up to 2 years due to other medical complications associated with the disease.
Prescribed Medication History Assessment
As another due diligence, the insurance companies will review your prescribed medication history to possibly discover other diseases they find high-risk.
In essence, insurance companies determine potential health issues by reviewing your prescribed medications.
Most insurance companies operate under the assumption that if you are prescribed medication for a specific condition, you have that condition.
Parkinson’s disease symptoms can indeed be managed with a range of prescribed drugs, both exclusive (with brand and generic names) and multipurpose.
Below, you’ll find a list of exclusive medications for Parkinson’s disease as well as a list of multipurpose drugs that may be prescribed for individuals with PD.
Parkinson’s Disease Symptoms-Specific Medications.
You will be automatically considered as an applicant with PD by insurance companies if you are taking any of these single-purpose medications
- (Bromocriptine Mesylate)
- (Carbidopa)
- (Larodopa)
- (Pergolide Mesylate)
- (Procyclidine HCL)
- (Selegiline HCL)
- Amantadine HCL
- Apokyn (Apomorphine Hydrochloride Injection)
- Atamet (Carbidopa – Levodopa)
- Azilect (Rasagiline)
- Comtan (Entacapone)
- Cycloset (Bromocriptine Mesylate)
- Eldepryl (Selegiline HCL)
- Kemadrin (Procyclidine HCL)
- Levodopa (Larodopa)
- Lodosyn (Carbidopa)
- Neupro (Rotigotine Transdermal System)
- Parcopa (Carbidopa – Levodopa)
- Parlodel (Bromocriptine Mesylate)
- Permax (Pergolide Mesylate)
- Sinemet (Carbidopa – Levodopa)
- Stalevo (carbidopa, entacapone and levodopa)
- Symmetrel (Amantadine HCL)
- Tasmar (Tolcapone)
- Zelapar (Selegiline HCL)
Parkinson’s Disease Underwriting
Multi-purpose Drugs That Can also be used to treat a person with PD symptoms.
If you are taking any of these, many companies will not really consider you as a Parkinson’s patient. For example, Ropinirole is a popular medication used to treat restless leg syndrome.
- Akineton (biperiden)
- Benztropine Mesylate
- Cogentin Cogentin (Benztropine Mesylate Injection)
- Mirapex (Pramipexole)
- Requip (Ropinirole Hcl)
- Ropinirole
- Trihexyphenidyl HCL
Possible Burial or Final Insurance Underwritten Plan Offers for Parkinson’s Disease Applicants
Given our decades of experience in the insurance industry, we can confidently tell you the various underwritten policy offers that insurance companies may give for an applicant with PD.
Now, we cannot exactly tell you right now which ones you will be offered because we don’t have your details.
If an agent or agency promises to surely get you low costing coverage without knowing your details, RUN!
Offer #1 Lowest Cost with Immediate Full Benefits Coverage (Level Plan)
As we mentioned at the beginning, a level plan is absolutely possible.
By choosing our services, you will enjoy the benefit of paying the lowest premiums while also receiving instant burial insurance coverage with the full amount benefit starting from day one.
We are rooting for you to get this plan and we will do everything we can to secure you this policy.
Time is of the essence with any chronic, progressive or degenerative disease like Parkinson’s disease. You need to act now in securing burial insurance before it gets expensive.
If you have received a diagnosis of Parkinson’s disease and are able to independently manage your ADLs, you are in a favorable position.
If your doctor hasn’t recommended home health care, you have a better chance of securing a lower-cost plan.
Therefore, we strongly encourage you to contact us without delay to explore these beneficial options.
Offer #2 Graded plan (As mentioned earlier in the ADL and Home Health Care)
Graded plan for Parkinson’s disease will cost about %20 to %50 more than a level plan.
You will be immediately entitled to a percentage of your full death benefit in the following time frame:
a) First-year starting on day 1 – Your beneficiaries will receive up to 40% of your full death benefit.
b) In the second year, you can receive up to 80% of your full death benefit.
c) From the third year onwards, your beneficiaries can receive the full death benefit (100%) if you pass away at any point for the remainder of your life.
Offer #3 Highest Premium With A Full Waiting Time Period
This is called a “modified” plan. The monthly premiums will be at the highest and with a waiting time period of a full 24 months or 2 years. The agency needs dedicated insurance agents with extensive expertise in burial or final expense insurance.
These agents genuinely care about helping you navigate your insurance needs. Here’s a human and original version: If you happen to pass away during the waiting time period, the insurance company will refund all of your payments with 10% interest, depending on their policies.
Good to know: It’s for the best to consult with an independent Final Expense Insurance Specialists (like us) to assess if this will be the best option, a guaranteed issue plan might be the better option than a modified plan depending on the company that offers them.
Offer #4 Application Will Be Declined
There are a lot of insurance companies out there that don’t have the capacity to take on the risk of an applicant with Parkinson’s disease and other common health conditions that goes with. There are others that will flat out decline you because of PD alone.
Guaranteed Issue (GI) Policy Option
The agency needs to have insurance agents who specialize in burial or final expense insurance and have extensive experience.
These specialists are genuinely passionate about assisting you!
If you didn’t receive offer #1 or offer #2, which are the ideal offers as mentioned earlier, and your only option is offer #3, a modified plan, then your last and best choice would be a guaranteed issue policy.
In fact, a GI plan is not an underwritten plan, meaning it won’t have any health questions or medication history review. This plan will cost more and will have a full waiting time period of 2 years.
In most cases, depending on the insurance company, a GI plan is better than a modified plan in terms of affordability and quality.
So again, it’s much much more convenient to get in touch with a veteran Final Expense Insurance Agent that has access to the country’s best insurance companies and knows which one will be the most affordable in your case, like the ones we have here at InsuranceForBurials.com.
How to Find the Best Burial or Final Expense Insurance for Someone with Parkinson’s Disease WITHOUT wasting time
Here’s a COMPLETE list of the qualities that you should be looking for in an insurance plan and the insurance company that offers it for applicants with PD:
- Many insurance companies will be perfectly fine with an applicant that has Parkinson’s disease.
- The policy has the highest benefit payment that can protect you immediately starting on day one at the lowest cost.
- The insurance company can offer the best price with immediate coverage even if you need ADL assistance or home health care.
The insurance agency that you would need to move forward with must have the following qualities when it comes to finding burial coverage for applicants with PD:
- The agency needs to have highly experienced insurance agents who specialize in burial or final expense insurance. These agents are passionate about helping you! Not the companies.
- In fact, the agency must be independent to have access to a lot of different top-rated insurance companies that can possibly offer the best price.
- Additionally, the agency that only offers the best policies from the country’s top-rated insurance companies that have stood the test of time in the insurance industry with stable finances and a proven track record of paying.
Final Thoughts From InsuranceForBurial.com On Parkinson’s Disease
Burial insurance agents
We here at InsuranceForBurial.com have those qualities as an independent insurance agency and we can absolutely get you these policy qualities if you have Parkinson’s disease.
For us, there’s nothing more rewarding than finding the best and affordable burial insurance coverage for someone who was having a difficult time securing one in the first place.
At our agency, we take great pride and satisfaction in assisting individuals with Parkinson’s disease to secure the best burial insurance plans.
Our goal is to offer these plans at affordable premiums while ensuring immediate insurance coverage from day one.
As an independent insurance agency, we have a dedicated team of highly experienced Final Expense Insurance Specialists. Their expertise allows us to navigate the insurance landscape with confidence and provide personalized assistance to our clients.
Moreover, we have established strong connections with the country’s top-rated A+ insurance companies.
With this exclusive access, we can provide you with top-tier insurance policies that are specifically tailored to meet your individual needs.
What sets our insurance policies apart is the inclusion of innovative additional benefits, all at no extra cost. We believe in going the extra mile to ensure that our clients receive comprehensive coverage and valuable perks beyond the standard offerings.
In fact, we have a driving passion to make sure that EVERYONE gets the best burial or final expense insurance coverage in the market! No matter what their health issues are.
What we only need from you is a little bit of your time to know your details.
With us guided by your details, we will only come back to you with the best options and affordability.
For more information regarding Parkinson’s Disease, CLICK HERE.
Talk to us now! We promise you a simple no-nonsense interview process with no pressure at all whatsoever.
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Conclusion
In the event of your death, PD can be a prohibitive obstacle to overcome for those you leave behind.
But it doesn’t have to be. A low-cost burial insurance policy could provide peace of mind in knowing that if something catastrophic does happen, there’s money set aside for final expenses and funeral costs.
If you’re looking to get life insurance for Parkinson’s disease or need help understanding which kind would work best for your needs, we are here with answers!
Get an instant quote by filling out this form or giving us a call at 1 (855) 380-3300.
