It is true; “home health care” tends to be frowned upon when looking for burial life insurance. Most insurance companies will be so quick to deny you would think you dialed the wrong number.
Although insurance companies are not big fans of home health care, we are. We have plenty of clients who have come to us wondering what they can even do. Their biggest fears being they wouldn’t be able to secure a policy.
Depending on the type of home health care, we will not only be able to get you a policy…but we will in all probability be able to get you a policy on day one regardless of your health status.
The following article will give you a complete breakdown of what to expect when buying burial insurance with home health care. We will show you what to expect from funeral insurance companies, what kind of choices are available to you and how to go through the steps to get the best policy.
The Bottom Line
Being an individual who has home health care puts you a little behind the 8-ball when it comes to finding immediate coverage burial insurance. There are options but it tends to be a little more limited.
Royal Neighbors of America will be your only level death benefit that will secure a final expense plan that fully protects you from day one. Luckily for you, they are one of the many companies we represent and will be able to better assist you with your burial coverage needs. What’s even better is you would be paying the same amount as if someone with perfect health would. If you do qualify with Royal Neighbors your only option would be a guaranteed issue policy. If you remember from our previous articles that type of plan has no health or medical checks. Best part, no one will have to come to your home to for the application. You just need to answer a few simple questions about your health and get to skip over any physicals or medical exams. The downside…it does cost more and has a waiting period.
Calling any burial insurance company with home health care can be extremely discouraging. Fortunately for you, we can assist you in finding affordable options and amazing coverage.
What to Expect
When it comes to home health care underwriting, the insurance companies are going to ask you a series of health questions as well as run a prescription and medical history background check. This allows them to see what type of health issues you may have.
For the most part when it comes to home health care there isn’t anything on the prescription history check that would be a red flag. What you need to be aware of are the questions that will be asked.
Every final expense life insurance company will have some round about way to ask you about home health care. The following are some examples to keep an eye open for.
Upon answering yes to any of the previous questions you will be declined burial life insurance coverage. Unfortunately for you, home health care questions will always be a knockout question. So what do you do?
As we stated before the only company that will accept anyone with home health care is Royal Neighbors of America. They are the only company on the market that will give you full coverage on day one with a level death benefit. Nowhere on their health questionnaire does it ask anything about home health care. Which means, that regardless of why you have home health care they will be able to provide you with burial insurance. As long as you don’t have any other health concerns that prevent you from qualifying with them Royal Neighbors of America is your golden ticket.
Royal Neighbors Knockout Conditions
Although Royal Neighbors accepts individuals with home health care there are a few other health conditions that they do not accept. These are considered knockout conditions. The following are a list of all of Royal Neighbors knockout conditions.
If you do fall into the category of having home health care and one of the above knockout conditions due to having an example of one of those chronic illnesses your only option is to get Guaranteed Issue Life Insurance. These type of plans have a two year waiting period before they pay out a death benefit but they do not require any health questions or medical history checks. Due to the extended waiting period, the sooner you obtain this type of insurance the better.
Temporary Home Health Care
If you are currently on temporary home health care due to a stroke, slip and fall, auto accidents, surgery or any other condition that is temporary we would recommend holding off on applying for burial life insurance. That way when you are asked…”are you currently on home health care”…you can honestly answer no. Since you answered “no” you will be able to obtain burial life insurance immediately (as long as you don’t answer yes to any other knockout question). Don’t worry; this part can get a bit dicey. We are here to help guide you on the right path to obtaining the best burial life insurance for you!
Finding the Best
A lot of factors go into finding the best type of burial life insurance, especially when it comes to home health care. Royal Neighbors of America being hands down your best option if you currently receive home health care.
Having a highly qualified agency like us on your side will help make this process seamless and easy. We understand the ins and outs of burial life insurance, especially when it comes to living with home health care. Burial Insurance Pro’s have helped many people find the coverage they need at a price that is affordable. We know your options and we help you sort through them – answering any questions you may have along the way. You are not in this alone.
Contact us today to get started!