The best time to buy burial insurance is before you have a heart attack. After a heart attack or other heart conditions, the risk of death can go up by 20%. If you are in your 50’s and haven’t bought burial insurance yet, it may be time for you to do so now. Burial insurance can help give peace of mind that if something happens there will be money set aside for final expenses and arrangements. There is no need to worry about what would happen if they died because with their purchase of this type of protection they know exactly what will happen next.
- The Truth About Burial Insurance After a Heart Attack
- Life Insurance After Heart Attack
- Can You Purchase Burial Insurance After a Heart Attack
- How Long Will I Have To Wait For Burial Insurance After a Heart Attack
- Burial Insurance Underwriting After Heart Attack- What You Need To Know Now!
- Best Life Insurance After A Heart Attack
- AIG Burial Insurance
- Sentinel Security Life Final Expense
- Liberty Bankers Life Final Expense
- Getting Life Insurance After A Heart Attack
The Truth About Burial Insurance After a Heart Attack
One of our top questions, Does life insurance cover heart attack?
What you need to know, NOW!
Can you get life insurance after a heart attack? If you are searching for, “burial insurance after heart attack”, it usually means that you kicked the can down the road and you put this off too long.
You might even think that you are unable to purchase a burial insurance policy. As a matter of fact, when you need it the most is when you can get it! As do most pre-existing conditions!
I have some GREAT NEWS!! You can! So the final expense will be taken care of!
In fact, burial insurance is a simplified underwritten policy, (AKA Whole Life insurance after a heart attack).
Life Insurance After Heart Attack
Unlike term life insurance, a burial insurance plan is usually approved the same day. Again, depending on what type of policy you qualify for will come down to how long it been from your heart attack.
Here are the three types of coverage:
- Level Benefit
- Modified/Graded Benefit
- Guaranteed Issue
What medical conditions affect life insurance? We will go over this in this article. Burial insurance or also known as funeral insurance or funeral quotes and different levels of burial insurance will determine your rate.
Can You Purchase Burial Insurance After a Heart Attack
As we mentioned earlier, YES YOU CAN! With SAME DAY APPROVAL!
In the event that you applied for life insurance and got denied, you still will be able to get a burial insurance policy. Now depending on how long its been since the heart attack will determine if there will be a waiting period.
When you are qualifying for life insurance or burial insurance you will be asked some health questions. In addition, they may ask if you have a pacemaker? This is to determine if there are any other health issues. There will be NO MEDICAL EXAM!
This will determine which type of coverage you qualify for.
Then you will have a choice of which burial or life insurance companies that will take the risk then go over the life insurance quote.
How Long Will I Have To Wait For Burial Insurance After a Heart Attack
Can you get life insurance with a pre-existing condition? This is when dealing with the right agent will make all the difference. When getting approved for life insurance or burial insurance and getting the best life insurance rates, it is crucial that you deal with an agent that specializes in burial insurance.
Can you get life insurance if you have a stent? Above all, the knowledge of each carrier’s specialties is pivotal. Most carriers will want you to wait over 2 years to get a level benefit burial policy. However, what if you just had one.
What if you just had a heart attack and you are being treated? Do you have a defibrillator?
Then the only policy would be a guaranteed issue where there will be no questions asked. These types of policies come with a 2-year graded period. This means that is you die of an “Illness” the first two years then all premiums will be refunded plus 10%.
However, this policy will cover accidental death from day one. In fact, our go-to carrier for this product also offers living benefits as well. Again, after the 2 years is up then the death benefit will be paid 100%!
Burial Insurance Underwriting After Heart Attack– What You Need To Know Now!
So how far back do life insurance companies look at medical records? This is a burning question by many!
Does insurance cover heart attack?
When it comes to underwriting for burial insurance after a heart attack it’s nice to know there will be no medical exams! In addition, no stress tests or medical records will be requested unlike some term life insurance carriers will demand.
Nope, it’s a simple prescription check and answers to health questions like have you been diagnosed with CHF. Now depending on which carrier you will go to will determine the qualifying questions that will be asked.
Here is a great example of one of our go-to carriers and the qualifying questions they will ask:
Best Life Insurance After A Heart Attack
Liberty Bankers Life final expense has 3 parts of their application to see which product you may qualify for before rates are shown. We are picking Liberty Bankers Life because they are amongst the top rates for burial insurance and have very liberal underwriting with three qualifying products.
In most cases, a client will be approved at the standard rate! This means active policy from day one!
Here is an example of a 70-year-old male looking for a $10,000 burial policy after a heart attack.
Best Burial Companies After Heart Attack
When picking a burial company for coverage it is just as important the agent you pick as it is the carrier you choose.
Most agents that you talk to either will tell you-you can’t get coverage because of lack of knowledge or offer a guaranteed acceptance policy because they don’t know any better.
Overall, it is the client’s money they are rolling the dice with which is unacceptable as far as I am concerned.
With that said, when it comes to a client purchasing burial insurance after a heart attack it should be more looking at the success of achieving the goal than to be too picky.
So when it comes to heart attack we offer the three top options and make it simple!!
These rates below are for burial insurance for a 70-year-old male.
AIG Burial Insurance
Let’s start with the worst-case scenario, having had a heart attack within the last 12 months. If this is the case then you will be approved with a guaranteed acceptance with a graded period.
Our go-to carrier is AIG. They offer the best GI product as it comes with living benefits and the application is submitted right over the phone in less than 5 minutes. See an example burial insurance quotes below.
Sentinel Security Life Final Expense
Now if it has been between one and two years since the heart attack, then we would pick Sentinel Security Life. As they will offer a modified policy with 30% of the death benefit being paid the first 2 years or a return of premium for their graded policy.
They also have a very competitive rate after 2 years for their level benefit.
***Also, if you have been prescribed Nitroglycerin and its been over 5 years they will consider this as maintenance and not as a treatment. In fact, they will approve the policy as other carriers will decline on the spot.
Liberty Bankers Life Final Expense
Can you get life insurance if you had a heart attack?
The best-case scenario will be with Liberty Bankers’ life. If after two years they would be approved at a Standard/Preferred rate. They also have a fantastic voice signature application. This voice signature application will have approved and active within 30 minutes!
That’s right, 30 minutes with no paper!!
Here are the rates for Preferred, Standard rates and Modified rates.
Getting Life Insurance After A Heart Attack
Who Should Buy Whole Life Insurance
If you are looking for affordable burial insurance after a heart attack and it has been over two years then I would stick with Liberty Bankers Life.
However, you might want to consider AIG guaranteed issue policy as it is better priced with the above example. But you need to be sure.
Remember, find an experienced burial insurance agent. We here at InsuranceForBurial.com are experts in finding you the right coverage that meets your goals.
For more information on Heart Attacks and Disease, CLICK HERE.
My name is Daniel Ray, feel free to reach us, 855-380-3300.
It’s never too late to buy burial insurance. If you are in the market for a new life insurance policy, talk with your agent about adding death benefits to protect your loved ones from financial hardship if something were to happen to you. You may be surprised by how affordable this coverage can be and even get it without taking any medical tests at all. Contact us today for more information!