Some people don’t realize that one of the most important steps in securing a low-cost burial insurance plan for epilepsy is to start early. While this may sound like a morbid topic, it’s vital to ensure you and your family are financially prepared for the unexpected event of death.
With more than 70% of Americans without any type of life insurance, many seniors find themselves in financial distress following an unforeseen death. This blog post will cover everything from how much coverage you need to what types are available so that you can get started on this critical step today!
- Final Expense Insurance for Epilepsy
- Burial Insurance for Epilepsy
- Epilepsy And Final Expense Insurance Companies
- Epilepsy Underwriting Process Of Final Expense Insurance Companies
- Epilepsy In The Health Questions
- Life Insurance Epilepsy
- Possible Burial Or Final Expense Insurance Plan Offers For Epilepsy
- How To Quickly Find The Best Burial Or Final Expense Insurance For Epilepsy
- Final Expense Policy And Your Parents
Final Expense Insurance for Epilepsy
Epilepsy is a life-changing neurological disorder that affects a lot of Americans. You may already know how notoriously expensive other types of insurance are for epilepsy and that you may think that getting a low-cost burial or final expense insurance will be hard… Trust us, it’s not.
With all the different insurance issues surrounding epilepsy, we take joy in being able to help a lot of people dealing with epilepsy get the best final expense insurance at a modest cost.
Getting burial insurance with epilepsy is on our qualified health impairment list for same-day coverage.
Burial Insurance for Epilepsy
Is final expense insurance a good deal? With this guide on how to secure burial insurance coverage for epilepsy, you will learn that there are in fact a lot of insurance companies that are perfectly fine offering low-cost burial insurance for people with epilepsy.
Epilepsy And Final Expense Insurance Companies
Each and every insurance company has its own rules and guidelines to follow. With epilepsy, some companies may decline you, others might offer high costing plans and a few might offer you the lowest costing burial insurance plan there is.
There are a lot of insurance companies out there that welcome seniors who are looking for burial or final expense insurance coverage at the lowest cost with no waiting period- this plan is usually called “simplified”, “preferred”, or “level” by the companies. So if you are in your senior years, as long as you do not have other illnesses that these insurers are strict with, you won’t have a problem being offered a simplified burial insurance plan.
There will be no need for any medical or physical exams when applying for burial insurance coverage- there are only health questions, in some instances, there are none and can get you approved within the day.
The bottom line is, no matter how severe your recurring seizures are or epilepsy,
we here at InsuranceForBurial.com can absolutely find you the best
possible final expense insurance for your situation.
Epilepsy Underwriting Process Of Final Expense Insurance Companies
In the underwriting process, insurance companies will ask health questions and review your history of prescribed medications.
Insurance companies will ask about the following aspects of your health:
- Questions about your present and past diseases (if there’s any) and lifestyle.
- Prescribed medication history assessment.
As a general rule: If a disease, disorder, treatment, living conditions, habit, types of assistance, etc., is or are asked, then the insurer is strict with it and it’s a high risk for them.
An example, for epilepsy, wheelchair usage is either a form of living condition or assistance that will be asked all the time in the underwriting questions.
Epilepsy In The Health Questions
Is Epilepsy considered a pre-existing condition? Many insurance companies will specifically ask or mention “epilepsy”, “seizure or recurring seizure” or “neurological disorder” which is a broader term that identifies with it.
Going through the health questions, here are the things that will be asked that involve having epilepsy:
- Seizure or recurring seizures
- Neurological conditions
- Home health care
- Wheelchair use
- Needing assistance with activities of daily living (bathing, dressing, transferring, toileting and eating)
Other health questions commonly associated with epilepsy Assistance with home health care and activities of daily living (ADL)
If you need home health care and ADL assistance, you would disqualify from most insurance companies’ burial or final expense insurance is underwritten insurance plans, which means they can only offer you a “guaranteed issue (GI)” plan.
However, there is only one burial insurance company that can offer better coverage than a GI plan. This company can offer a “Graded” burial insurance plan (with some immediate
protection) for anyone with epilepsy in need of ADL and home health care assistance- this is the best option.
Life Insurance Epilepsy
Need To Use A Wheelchair
Wheelchair use will ALWAYS come up in the underwriting health questions of insurance companies. These are the common questions about how wheelchair usage is asked:
- Are you confined to a wheelchair?
- Are you confined to a wheelchair due to a chronic disease or illness?
Unfortunately, if your answer is yes to both questions, a lot of insurance companies will decline your application. A case of having a chronic disease and being on a wheelchair combination will render you uninsurable by most insurance companies for burial or final expense insurance.
In this case, your last resort and the ONLY option is a “Guaranteed issue (GI)” plan that has no underwriting questions and no prescribed medication review required. A GI plan will cost more and have a full 24 months waiting time period.
Using broader terms are common in a lot of insurance companies’ underwriting questions. Some insurance companies will not use the word “epilepsy” but use the terms “neurological conditions” which epilepsy is a type of. So if you have epilepsy, you should answer yes.
The importance of Final Expense Insurance Specialists guidance in answering underwriting questions
As you may notice above with the different underwriting questions relevant to epilepsy, there might be questions mentioned here that might be totally reworded and might sound like something else in the actual underwriting questions.
An underwriting question may sound plain and you may think that it’s easy enough to answer them all on your own. Make no mistake, answering hesitantly may cause lowered benefits, or worse, none! When the times come.
This is one of
the crucial situations where our expertise will significantly help in getting
the best coverage possible. In answering underwriting questions, consulting
with one of our highly experienced Final Expense Insurance Specialists would help you avoid answering
inadequately and will keep you from answering excessively.
Furthermore, a well experienced and independent agent will get back to you right away with insurance coverage options from the best top-rated insurance companies that will view your health the best based on your answers from the underwriting questions.
Whatever happens, you should get in touch with a reputable independent insurance specialist or agency like InsuranceForBurial.com to expertly guide you right from the beginning.
Prescribed medication history assessment
To thoroughly investigate if you have other conditions that they might take issues with. Insurance companies will review your prescribed medication history. Basically, by reviewing your prescriptions, they will be aware of the health issues you have or had.
Below is a list of prescription drugs for epilepsy, if you are taking one of two of these, almost all of the insurance companies will presumptively consider you as an applicant with epilepsy no matter how you answered the underwriting health questions.
- Carbamazepine (Carbatrol or Tegretol)
- Clonazepam (Klonopin)
- Diazepam (Valium)
- Eslicarbazepine (Aptiom)
- Ethosuximide (Zarontin)
- Felbamate (Felbatol)
- Lamotrigine (Lamictal)
- Levetiracetam (Keppra)
- Lacosamide (VIMPAT)
- Lorazepam (Ativan)
- Oxcarbazepine (Oxtellar XR, Trileptal)
- Perampanel (Fycompa)
- Phenytoin (Dilantin)
- Pregabalin (Lyrica)
- Tiagabine (Gabitril)
- Topiramate (Topamax)
- Valproate (Depakene, Depakote)
- Zonisamide (Zonegran)
There are maybe
others, but these are the common seizure medications that are commonly tagged
by insurers as someone with recurring seizures.
Possible Burial Or Final Expense Insurance Plan Offers For Epilepsy
Offer #1 Your application is declined
Some insurance companies just simply don’t want to take the risk with applicants that have epilepsy or recurring seizure conditions.
If you move forward with us, you won’t encounter this situation.
Offer #2 Highest premium with a waiting time period
Insurance companies usually call this a “Modified” plan. This will probably mean that you are categorized at the highest risk.
The monthly premiums will cost 30 to 100% more than a simplified plan. It will also have a 24 months waiting period where your beneficiaries can only receive full death benefits if you pass away after the waiting time period. If you pass away within the waiting time period, all premiums will be refunded with a certain percentage interest.
When it comes to epilepsy, a “guaranteed issue” plan might be a better option where the premiums would cost 15 to 40% more with a full 24 months waiting time period.
Good to know: It will always be a good decision to consult with a highly experienced Final Expense Insurance Specialists that can help you do the math and help you decide which offer would be the best for you, in terms of benefits and affordability.
Offer #3 Slightly higher premium with immediate protection of a percentage payout per period
Percentage payout per time period is usually called a “Graded” plan.
The monthly premiums will cost 15 to 50% more with a waiting time period of 24 months. This will have partial immediate protection.
Immediate benefits are usually
- 30 to 40% of the full death benefit will be paid if you pass away within the FIRST 12 months.
- 70 to 80% of the full death benefit will be paid if you pass away within the SECOND 12 months.
- After the 2 years waiting time period, you will be fully insured for life.
Offer #4 Lowest cost with immediate coverage (best plan)
This plan is usually called “simplified”, “preferred”, or “level” depending on the insurance companies.
With all else being well, you can be offered with this plan like a perfectly healthy person. This will be the best-priced burial insurance plan with no waiting time period- your beneficiaries can receive the full death benefit anytime starting from day one.
How To Quickly Find The Best Burial Or Final Expense Insurance For Epilepsy
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:
- The insurance company with the lowest monthly premium.
- The insurance company that can offer the best plans for different situations with epilepsy.
- The policy has the highest benefit payment that can protect you sooner.
The insurance agency that you would need to move forward with must have the following qualities when it comes to finding burial coverage for epilepsy:
- The agency must be independent to have access to a lot of different insurance companies that can possibly offer the best coverage.
- The agency must have insurance agents that are highly experienced burial or final expense insurance specialist that have the passion to help you! Not the companies.
- The agency 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.
We here at InsuranceForBurial.com can exactly get you these coverage qualities for epilepsy.
We have successfully helped a lot of clients with epilepsy secure coverage plans from the country’s top-rated insurance companies that have stood the test of time and challenges in the insurance industry.
Final Expense Policy And Your Parents
Are you looking to get a final expense policy for your parents?
Whatever your epilepsy situation may be, we can present you with the best possible offers by working hard and with the use of our well-earned knowledge of the underwriting questions and rates of every top-rated burial or final expense insurance company that we represent.
We are an independent insurance agency with a team of highly experienced Final Expense Insurance Specialists that has access to the country’s top-rated A+ insurance companies that only offers top-tier insurance policies with innovative additional benefits at no extra cost.
We have the 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.
With us guided by your health details, we will only come back to you with the best options for your situation with epilepsy.
What we only need from you is a little bit of your time to know your details.
Talk to us now! We promise you a simple no-nonsense interview process with no pressure at all whatsoever.
We have written an entire blog post to help you learn more about how to find a low-cost burial insurance for epileptic patients. You may be wondering if it’s possible, and the answer is yes! There are many different options available from which you can choose that will fit your budget. Our goal with this article was to not only provide information on what types of coverage exist but also give some strategies that might work best for you. Click here now to get started finding the perfect plan today!