Final Expense Insurance for Individuals with Parkinson’s Disease
Overview
Having insurance is an essential part of financial planning. If you are an adult, it is crucial to buy life insurance to protect your family. Life insurance like final expense insurance can secure you and your family financially.
Moreover, if you have any sickness, getting life insurance is even more essential. Final expense insurance is one of those plans that provides coverage to seniors with health problems. It offers coverage to seniors with Parkinson’s disease too.
If you have Parkinson’s disease and looking for burial insurance, read this guide. This guide will help you find the right plan with maximum coverage possible.
Final Expense Insurance
If you want services that would pay for your final costs, then choose final expense insurance. The services are not limited to funeral costs but it also gives medical coverage. This life insurance also covers your hospice care.
To obtain the services of final expense insurance, you have to pay an amount. The client has to pay this amount, called the premium amount, every month. Paying an amount every month may stress you out. But do not worry because the premium amount of burial insurance is low.
The low premium amount makes it an affordable plan. And, the amount does not change. You will receive a guaranteed coverage.
Additionally, you can get the services without taking any medical tests. Since there is no medical exam, seniors with health problems can also receive be facilitated. It gives coverage even if you have:
- Parkinson’s disease
- HIV/AIDS
- Cancer
- Cardiovascular disease
- Sclerosis
- Rheumatoid arthritis
- Chronic Obstructive Pulmonary Disease
- Asthma
- Kidney disease
What is Parkinson’s Disease?
People in their middle years and beyond are susceptible to Parkinson’s disease (PD). It is a progressive neurodegenerative disorder that affects:
- Body movement
- Mental health
- Sleep patterns
It has a wide variety of motor and non-motor symptoms. Patient with Parkinson’s disease has uncontrollable movements. He faces difficulty with coordination and balancing.
Studies revealed that this neurological condition has increasing prevalence and disability rates. It also has the rapidly increasing death rates around the world.
Due to an increase in the elderly population, the burden of PD has doubled in the last generation. PD is rising due to population ageing and improved life expectancy of PD patients.
Symptoms of Parkinson’s disease
Parkinson’s disease includes motor symptoms such as:
- Tremor
- Shaking
- Rigidity
- Dementia
- Sleep disorders
- Slow movement
- Trouble walking
Diagnosis of Parkinson’s disease
Parkinson’s disease is a highly variable disease, with 20% diagnosed before 65. The patient’s age determines the healthcare costs and treatment of the disease.
Diagnosis of Parkinson’s disease may take time. You may have to go through regular follow-ups with the healthcare professionals.
Neurologists run some tests to diagnose PD. The diagnosis involves:
- Lab tests
- Blood tests
- Neurological exam
- Physical exam
- Genetic testing
- Alpha-synuclein test
Treatment of PD
PD requires significant medical advances for treatment. However, currently, PD has no curative treatments. Yet, integrating palliative care can be beneficial in reducing the PPD symptoms. Palliative care deals with:
- Non-motor symptoms
- Pain
- Fatigue
- Depression
- Demoralization
- Grief
- Daily life practical challenges
You can also use medication to reduce the symptoms of Parkinson’s disease, such as:
- Pimavanserin
- Amantadine
- Anticholinergics
- Adenosine receptor antagonists
- Catechol O-methyltransferase
- Dopamine agonists
- Monoamine oxidase B (MAO B) inhibitors
- Carbidopa-levodopa infusion
- Carbidopa-levodopa
Final Expense Insurance for Parkinson’s Disease
Many life insurance policies offer coverage to seniors. However, only a few plans include insurance coverage for patients with serious illnesses. Final expense insurance is one of those plans.
Final Expense Insurance sells its services to seniors with sickness. If you have Parkinson’s disease, you can obtain the services of final expense insurance. With the help of this life insurance, you can help your loved ones during challenging times.
To buy burial insurance for Parkinson’s disease, need to pay the monthly premium. Once the money is paid, the coverage is initiated. Pay the small monthly amount and secure your family’s future.
Final expense insurance with pre-existing conditions
Having a pre-existing condition can prevent you from obtaining life insurance. You may not find the right plan and get coverage. However, there is a life insurance that endorses patients with Parkinson’s disease and that is final expense insurance.
Burial insurance is affordable and suits best to seniors with Parkinson’s disease. You can get this plan and protect your loved ones financially. It gives death coverage, helping your family to save their wealth.
Besides, its services help you to cover funeral and burial expenses. It is a whole life insurance that is not limited to cover final costs. It also gives coverage for:
- Medical bills
- Hospice care
- Residential care
- Transportation
- Outstanding debts
- Other additional expenses
How to Secure Final Expense Insurance with Parkinson’s Disease
As discussed above securing life insurance with sickness is challenging. Since seniors with health problems have low life expectancy, many life insurance plans reject them. However, you can secure the services of the final expense plan with PD.
There are different plans that you can search for. Look for the coverage and the premium amount of the plan. Also, look for the features of the insurance provider.
Different insurance providers have different costs and coverage levels. Choose an insurer that meets your needs and budget. A top burial insurance company can offer maximum coverage.
Additionally, it is best to select a policy that offers guaranteed coverage. A guaranteed life insurance will provide final coverage certainly.
Types of Final Expense Insurance
Final expense insurance is classified into simplified and guaranteed issues.
Simplified issue
In a simplified issue, you can get final expense insurance with no waiting period. This plan is inexpensive. Additionally, you get an instance assistance and death coverage after you die. There is no medical exam but it includes health health-related questionnaire.
Guaranteed issue
Guaranteed issue, as the name suggests, offers guaranteed coverage. In this type, seniors with sickness are offered maximum coverage. However, it is expensive and there is a waiting period. Your loved ones have to wait to get the death benefits.
Parkinson’s Disease Funeral Cost Coverage
The funeral has become an expensive ceremony for families. The funeral cost coverage is increasing year by year. Covering these services can cost your family a fortune. Burial insurance for Parkinson’s patients ranges from $8,000 to $10,000. It can go up to $12,000 if you want to honor your dear one with a fancy ceremony. Burial insurance for Parkinson’s patients
The funeral cost can cause a financial strain. To reduce this strain and pressure on your family, purchase burial insurance. It will cover the final expenses without making your family spend their money. The below tables show the funeral and burial services and their costs.
|
Funeral and burial services |
Costs of the services |
|
Basic arrangements |
$$400 to $1,000 |
|
Casket |
$3000 to $5000 |
|
Embalming |
$900- $1,000 |
|
Hearse |
$340- $400 |
|
Transportation service |
$435- $500 |
|
Flowers and music |
$400-$500 |
|
Cremation |
$4,000-$7,000 |
|
Additional services |
$500 |
Types of Life Insurance
Term insurance offers temporary financial protection to its applicants without cash value. Since it is temporary, it is the least expensive option. Applicants with a low budget should buy this plan.
However, premiums increase with age. If you are a 30-year-old, you will have to pay $40 to $70 for the first year. And, if you are over 50, the premium increases. Seniors have to pay $100 to $200 for the next years.
A basic-level term insurance policy offers constant coverage. Also, it offers annual premiums for fixed periods. While yearly renewable-term policies increase premiums for the same coverage.
Whole life insurance
Whole life policies are permanent policies. They offer a death benefit and tax-deferred cash value build-up. However, they are typically more expensive than term insurance. You have to pay premiums for a lifetime.
Moreover, you can borrow up to the policy’s cash value for permanent insurance. You can repay it whenever you want. However, the insurer deducts borrowed money from the death benefit if you die before repayment.
Variable life insurance
In variable life insurance, there is an option to invest. You can invest cash value in multiple accounts. This investment leads to maximum death benefits and higher cash value.
Universal life insurance
This life insurance is a form of whole life insurance. It offers flexible premium payments. Also, it includes cash values and adjustable death benefits. It offers competitive current interest rates but they are not guaranteed.
To Sum Up
In conclusion, if you have Parkinson’s disease it can be difficult to secure life insurance. However, final expense insurance offers funeral coverage to patients with Parkinson’s disease.
The coverage options depend on the insurer you select. To find the right insurer, check their financial status and death coverage level. For further details about securing final expense insurance, visit our website lifeasehealth.
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We Are Here To Help With Your queries !
Yes, burial insurance offers funeral coverage to patients with Parkinson’s disease.
To obtain a final expense insurance with PD, you have to search for an insurer offering final expense insurance. Select a plan and pay the monthly premium. You can also contact an agent for support and guidance.
Guaranteed issue is the best plan for Parkinson’s disease. It offers guaranteed funeral coverage.