Burial Insurance Options for People with Rheumatoid Arthritis
Overview
Having a pre-existing condition can be traumatic when it comes to securing burial insurance. If you have rheumatoid arthritis, you might be wondering if funeral insurance can offer coverage. Well, the answer is yes it does.
Burial insurance provides funeral insurance for people with rheumatoid arthritis. It includes plans that you can select according to your needs and budget. Read this guide to explore the eligibility and plans that meet your requirements.
Burial Insurance
Burial insurance is an insurance policy that ensures the financial protection of the insured family. This insurance is purchased by the individuals to get funds to cover their final costs. The funds and benefits help your loved ones during the funeral and secure them financially.
You can get burial insurance at a minimum cost. It has a premium that does not increase. The premium amount is less, making it affordable and accessible to everyone. You can purchase the policy by paying a premium monthly.
Moreover, you have to answer some health questions. However, there is no medical exam. Seniors can receive the services of the policy without any medical exam. Even if they have serious health problems, they still get the services.
Symptoms of Parkinson’s disease
The cost of the insurance is low. You can receive the best services of the policy at a very low cost. Additionally, the premium is fixed.
However, the cost varies. Your age, gender and policy type will be responsible for the cost determination. Typically, the cost of the insurance ranges from $70 to $200 every month.
Medical exam
Although final expense insurance does not have a medical exam, it includes a questionnaire. This questionnaire involves medical questions. The purpose of these medical questions is to determine your life expectancy.
For example, if you have rheumatoid arthritis, the medical questions will evaluate the stage of your condition. It will help the insurer to determine your life expectancy. The rate of the insurance is also determined with the help of your health status.
Burial insurance with no waiting period
Seniors usually have to wait to get the funds and benefits of the insurance. Since they are prone to developing chronic diseases, they have low life expectancy. They need a plan with no medical exam and waiting period.
To get such a plan, search various insurance providers and answer medical questions. However, there will be higher premium rates for such plans.
What is Rheumatoid Arthritis?
Rheumatoid arthritis is a systemic autoimmune disease. It causes chronic inflammation, damaging joints and organs. It damages organs including:
- Heart
- Nervous system
- Lungs
- Kidneys
- Eyes
- Skin
- Digestive system
Rheumatoid arthritis (RA) is caused by genetic and environmental factors. The etiology of RA is not fully understood, but it is believed to be caused by dysregulated citrullination.
Research indicates that arthritis is a significant medical and public health issue. It leads to mobility-related functionality loss in adults. Preventing RA through risk reduction or treating incipient cases is cost-effective.
Types of arthritis
There are several types of arthritis including:
- Osteoarthritis
- Gout
- Rheumatoid arthritis
- Juvenile arthritis
- Psoriatic arthritis
- Ankylosing spondylitis
Each type has one common thing and that is it affects joints. It breaks down the joint’s natural tissue and causes inflammation. Due to this inflammation, joints swell, leading to degeneration.
Symptoms of arthritis
Some common symptoms of arthritis are:
- Skin discoloration
- Swelling
- Joint pain
- Slow movement
- Stiffness
- Tenderness around joint areas
Burial Insurance for Rheumatoid Arthritis
Having a medical condition like Rheumatoid arthritis can prevent you from obtaining life insurance. Life insurance accepts applicants with good health. There are plan that accepts people with pre-existing medical conditions. However, the rate of insurance increases for such applicants.
Final expense insurance is one of the most affordable policies that you can get. It gives funeral coverage to individuals with arthritis. You can confidently secure funeral insurance with arthritis.
Primarily, this insurance covers your burial and funeral costs. It also covers your other expenses like:
- Medical bills
- Outstanding debts
- Additional expenses
Support your loved ones with final expense insurance. This plan will help you to reduce the financial strain on your family.
Cost of the burial insurance with Rheumatoid arthritis
Now you must be thinking about the cost of the insurance with arthritis. The cost of insurance is a common question that people frequently ask. Although the premiums of the funeral insurance are fixed, there are situations where they vary.
The rate of the insurance depends on your health status. It also depends on age and policy type. The insurance provider will access your health through medical questions. If it is found that you have a severe health condition, the premium rate will increase.
Your medical condition does affect the insurance rate. Applicants with poor health conditions pay more than healthy ones.
However, different insurance providers and policy options have different rates. Search for the best insurers and their plans. Choose a company whose terms match your needs. Many insurers offer final expense insurance for rheumatoid arthritis at an affordable rate.
Rheumatoid Arthritis Insurance Options
You must understand that not all insurance plans work for you. They all work differently and have different features. If you are confused and do not know which option suits best for you, we are here to help.
The best options for burial insurance for rheumatoid arthritis are:
- Term life insurance
- Permanent life insurance
- Simplified issue
- Guaranteed issue
Term life insurance
You can get a term life insurance for a short time. It does not offer its services for a lifetime. When the date expires, the coverage stops.
Term life insurance is inexpensive. Since you do not have to pay a premium for a lifetime, it is affordable.
Permanent life insurance
Unlike term life insurance, whole life insurance has no end date. It gives its services to you for a lifetime.
However, this life insurance is expensive. You have to pay the premium your whole life.
Simplified issue
If you want insurance with no waiting period, then get a simplified issue. It is popular for providing instant funds.
The beneficiary receives the death benefits shortly after the claim. Your loved ones do not have to wait to get the benefits they need.
Additionally, there is no medical exam. It only looks for:
- Your drug history
- Criminal records
- Medical history
- Medical questions you answered
Guaranteed issue
Guaranteed issue is one of the best plans that burial insurance offers. It is best for applicants with serious health issues. Guaranteed issue is approached by applicants in severe cases.
If you have rheumatoid arthritis, it is best to obtain a guaranteed issue plan. It provides guaranteed funeral coverage to you.
However, there is a waiting period. Your loved ones do not get the funds in the first two years. The coverage is provided after the 2-year waiting period.
In simple words, if you die in the first 2 years, this plan does not offer coverage. You must have a life expectancy of 2 years to get full coverage.
Burial Insurance Eligibility for Arthritis Patients
Before applying for burial insurance, you must understand its criteria. The insurance ensures that it is offering coverage to deserving applicants. If you have claimed to be an arthritis patient, you have to submit documents, showing the sickness.
Insurance providers need documents and medical history to approve applicants. They evaluate the information and offer coverage.
Moreover, you also need to submit your date of diagnosis and treatment. Inform the insurer about your ongoing treatments and medications as well. Be transparent and honest. If you provide any false information, your application will be cancelled.
Top burial Insurance Companies for Arthritis
Many companies offer burial insurance but there is not one known for arthritis. There are insurance companies that offer coverage to applicants with serious illnesses. It does not matter if you have rheumatoid arthritis or heart disease. It offers funeral coverage to its clients.
Some of the top companies that give maximum coverage to applicants are:
- Mutual of Omaha
- AIG
- Prudential
- Pacific Life
- Ethos
- Fidelity Life
- State Farm
Summary
To sum up, you can have rheumatoid arthritis and still get burial insurance. Burial insurance has made it easy for seniors with arthritis to get funeral coverage. You can get the coverage at affordable rates.
Besides, there are several options for burial insurance. You can select the option based on your needs.
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We Are Here To Help With Your queries !
Yes, you can obtain life insurance without taking a medical exam. Final expense insurance is life insurance that gives you funeral coverage and does not include medical tests.
The best burial insurance plan with no waiting period is a simplified issue. In the simplified issue, an immediate fund is provided to the beneficiary after the applicant’s death.
If you have rheumatoid arthritis then guaranteed issue is the best option for you. This plan offers funeral coverage to patients with rheumatoid arthritis. However, there is a waiting period.
Many companies offer burial insurance plans for people with serious illnesses. Companies including AIG, Pacific Life and Prudential are the best for burial insurance.