Securing burial insurance without a waiting period is possible through a couple of avenues.
The preferred option is simplified issue life insurance, offering lower premiums and higher death benefits. Instead of a medical exam, applicants answer a health and lifestyle questionnaire. While approval is not guaranteed, the acceptance rate is high, making it a favorable choice.
These questionnaires vary among companies, so consulting with a life insurance agent who has access to multiple providers, like our agents at Senior Life Services, ensures finding a suitable plan considering your medical history.
Not only is it possible to find burial insurance for diabetics, but affordable plans with no waiting period are also available. Typically, if you were diagnosed in your senior years, obtaining a simplified issue policy is often trouble-free.
For individuals diagnosed with cancer within the last two years, obtaining life insurance without a waiting period can be challenging. However, exceptions exist for basal cell carcinoma or squamous cell carcinoma, which don’t affect eligibility for final expense life insurance.
If you haven’t had cancer or treatment for at least three years, certain companies offer burial insurance with no waiting period.
In short, there are no guaranteed acceptance life insurance policies without a waiting period. If death occurs within the initial two to three years, the payout typically includes only the premiums paid, plus interest. An exception is made for accidental deaths, often resulting in double the payout if the appropriate rider is added.
Having health issues doesn’t necessarily confine you to guaranteed issue policies. We can often find a company willing to insure you despite specific complications. The competitive nature of insurance companies means that if one declines, another might accept. Let us help you find a policy with no waiting period!