How to Get Burial Insurance For Individuals With HIV or AIDS
Overview
Living with AIDS is challenging as it is a risky disease that affects you physically and mentally. We have heard many times that people with serious illnesses cannot qualify for life insurance. If you have this disease and looking for life insurance then we have good news for you. You can now apply for burial insurance.
Burial insurance offers life insurance for individuals with HIV. You are qualified for burial insurance even if you have a serious illness. Let’s discuss the basics of burial insurance for HIV patients.
Burial Insurance
Burial insurance is a life insurance that aims to give maximum coverage for serious. You get these benefits after you die. This life insurance is beneficial because your loved ones receive maximum benefits.
Burial insurance covers your burial and funeral costs. In addition, it covers other expenses like:
- Medical bills
- Residential care
- Debts
The benefits are not limited to finance. By buying burial insurance you ensure peace of mind for your family. They feel financially secure as they do not have to cover the final and other expenses.
Burial Insurance For HIV Patients
If you have HIV, you must have faced difficulties finding life insurance. We all know that life insurance does not accept applicants with serious issues. It offers acceptance to applicants with good health.
However, now you can apply for burial insurance. Many insurers offer policies to people with HIV/AIDS. You do not have to struggle for life insurance.
Apply for burial insurance and get approval today. And if a company rejects your application, visit our website. There is a list of companies that offer life insurance for individuals with HIV.
What is HIV/AIDS?
AIDS is a risky disease that is caused by the Human Immunodeficiency Virus (HIV). It spreads to others when you are in physical contact. Your immune system becomes weak as HIV destroys the white blood cells of your body.
Patients with AIDS need daily medication to suppress the effects of HIV. There is no proper treatment for AIDS. They die within 8 to 10 years. Thus, many life insurance companies do not offer coverage to HIV patients. The companies refuse to underwrite these patients.
Today, however, HIV has medical treatment. HIV is not a death disease anymore. Medical treatment has converted it into a chronic disease.
HIV Burial Insurance
Despite advances in medical treatment of HIV, many insurers deny insurance coverage. They refuse to cover HIV patients because they are considered risky. Yet, some companies offer coverage.
HIV burial insurance is one of the best life insurance policies for HIV patients. It covers your medical bills. When you die, it also covers your burial and funeral costs. Policies of burial insurance give benefits to your families. They get the financial protection.
Burial Insurance with Pre-existing Conditions
Thanks to the Affordable Care Act for playing a vital role in the transformation of the insurance system. Before, the Affordable Care Act people with pre-existing conditions were excluded from insurance coverage.
After the passage of the Affordable Care Act, the insurance system includes people with serious medical issues. People even with HIV or at high risk of HIV get coverage now. Your pre-existing conditions do not matter now.
Burial insurance has a relaxing underwriting. This makes it easy for you to qualify for burial insurance. If you are over 60 and have serious health issues, you qualify for this insurance. Seniors do not need to take any medical exams. However, some policies may include a medical test.
AIDS burial insurance options
Burial insurance offers several options. You can choose the option that suits your needs best. Some policies include medical tests and offer temporary coverage. While some offer permanent coverage. Read along to explore options for burial insurance.
Simplified issue
A simplified issue is the insurance plan that includes a health-related questionnaire. Applicants have to take a medical test and have to answer some medical questions. Additionally, the insurance provider checks your medical history. Seniors with serious health issues do not qualify for the policy.
However, this insurance option is cheap. The monthly premium is low. And, there is no waiting period. You get immediate coverage at an affordable rate.
Guaranteed issue
The second option of the burial insurance is guaranteed issue insurance. This policy promises to accept your application regardless of your health. Even if you have HIV/AIDS, the coverage is guaranteed.
There is no medical test. Also, this plan does not include any health questions. However, there are some drawbacks. The first one is 2 year waiting period. Secondly, guaranteed issue is expensive. You may have to pay a higher premium every month than the simplified issue.
AIDS Funeral Coverage
Funeral insurance provides several benefits. Since it builds cash value, you can pay your medical bills with the revenue. If you have any debts, you can cover them with this insurance as well.
Moreover, your funeral and burial costs are also covered. Funeral coverage includes:
- Headstone
- Crematory
- Hearse
- Funeral gathering
- Flowers
- Transportation
- Music
- Other burial arrangements
Covering these funeral services leaves less burden for your family. The coverage is beneficial for your loved ones as they get great benefits. Your loved ones receive a lump sum of money. This money helps them to secure their future.
Cost of the Burial Insurance
Your decision on policy types determines the cost of the burial insurance. For example, selecting a simplified issue insurance is an affordable decision. You have to pay a small amount for a simplified issue policy. But for maximum and guaranteed coverage, you can choose a guaranteed issue policy.
Moreover, your age matters. It is best to apply for burial insurance while you are young. The sooner you apply the more benefits you receive. Also, the chances of getting the best and most affordable quotes are great at a young age.
Your health status also decides the cost. It is true that patients with HIV AIDS also get burial insurance. Funeral insurance HIV AIDS offers many benefits. But to get these benefits, you have to pay monthly premiums. And, individuals with HIV have to pay higher premiums because they are at high risk of death.
Types of Life Insurance For Individuals With HIV
Life insurance has many forms. If you are HIV-positive, you can qualify for these types as well. The two main types of life insurance for individuals with HIV are:
- Term life insurance
- Whole life insurance
Term Life Insurance
If you want cheaper life insurance for a short time, then term life insurance is the best option for you. Term life insurance has a specific period.
Whole Life Insurance
The second type of the life insurance is the whole life insurance. It offers permanent coverage and has no expiry date. It also includes a cash value. You can access this cash value in your lifetime. However, the premium of whole life insurance is high.
How Does Funeral Insurance HIV AIDS Work?
The process to apply for funeral insurance is simple. However, there are various insurance providers with different application processes. Each insurer has its own way of evaluating applicants. Also, each organization has its own rules and underwriting process.
Check the description of the policy before applying. Additionally, it is important to check the features.
After a careful review, choose your beneficiary. This beneficiary will receive the benefits of your insurance after you die. Pay the premium and your life insurance gets activated.
Tips for the Application Process of Burial Insurance
- Provide accurate information and be honest.
- Be transparent about your health status.
- If you are HIV-positive or have other pre-existing conditions, be upfront.
- Choose the life insurance policy that meets your needs.
- Do not go for the easiest or the cheapest option.
- Check the features of the insurance provider.
HIV Burial Insurance Companies
After the Affordable Care Act, things have changed in the insurance industry. Many insurance providers now include life insurance for individuals with HIV. Companies that include an underwriting process for individuals are:
- Ethos
- TruStage
- Policygenius
- Cica Life
It is best to contact an agent to get full information on policies and coverage.
Conclusion
To sum up, individuals with HIV can qualify for different policies of burial insurance. Burial insurance includes underwriting and offers coverage for HIV patients. With this life insurance, you can cover your medical bills and other expenses. In addition, after you die, burial insurance covers your funeral costs. Secure burial insurance today and reduce the financial burden for your loved ones.
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We Are Here To Help With Your queries !
Yes, you can apply for burial insurance even though you have HIV AIDS.
Guaranteed life insurance is the best policy for HIV patients. This type of insurance does not reject your application. You get guaranteed acceptance even though you have a serious medical issue.
It depends on the policy you select. Many policies have medical exams. However, some policies like the guaranteed issue policy do not include medical exams.