After receiving a diagnosis of high blood pressure it seems like an endless list of things that your doctor may ask you to do differently in your life.
From changing the way you eat, adding more exercise into your routine, to preventative medicine. The possibilities and changes can feel never-ending.
But you are in luck!
Burial Insurance with High Blood Pressure
As you probably know at this point High Blood Pressure, also known as Hypertension, is when the force of blood against the artery walls is too high.
Normal blood pressure is 120/80 or lower.
There are different stages of high blood pressure ranging from just above the normal level to severely high at 180/120 requiring immediate medical attention.
With these ranges come different treatments or remedies that your doctor will recommend.
One thing that will not be affected is your ability to qualify for Burial Insurance.
While some companies will not offer their lowest rates to someone with high blood pressure, there are a majority of companies that will still accept you.
Burial Insurance is a type of Simplified Issue Whole Life Insurance that was designed specifically for seniors to provide an option to pay for the inevitable end-of-life expenses at an affordable monthly rate.
This coverage lasts for the entire life of the insured so there is no need to worry about outliving the policy or needing to renew.
The basic benefits of these plans are:
- No Expiration
- Coverage Lock
- Price Lock
- Builds Cash Value
- No Medical Exam
- No Waiting Period Options
Your beneficiary can spend the policy money on anything deemed necessary. So while it is called Burial Insurance it can also be used to cover anything from cremation to outstanding debts to charity donations.
There are no limitations on the flexibility of this non-taxed payout.
To learn more about if Burial Insurance is worth it given your specific situation it is good to do some research and speak with an independent agency to get advice from an expert.
Why Does High Blood Pressure Matter?
Well, the truth is it typically does not make a difference in obtaining the coverage you need. With other types of insurance hypertension can often throw up a “red flag” but it usually does not matter when applying for burial coverage.
The reason that other types of life coverage plans would care about this is due to the increased risk of complications that can come as a result of hypertension. Luckily for you, there are multiple Burial Insurance policies that do not take high blood pressure into consideration.
There are never any medical exams for this type of coverage.
It is often advertised as “no medical exam” coverage which is 100% accurate, and it is also great for marketing because who wants to jump through the extra (and timely) hoop of going into the doctor’s office? Not me!
But honestly, NO plan of this type will EVER require an exam because of its Simplified Issue underwriting.
There are a few ways that a company will ask about a medical condition.
Every company has an application for coverage that you and your agent will fill out together. Some applications have more health questions than others, the typical number of questions range from 10-20.
3 ways they ask about a health complication or diagnosis:
1. “Have you EVER been diagnosed with hypertension?”
This question will immediately disqualify you for coverage with the condition in question.
2. “Within the last X years have you been diagnosed with or received treatment for hypertension?”
This wording would disqualify you from a plan if your timeline fits within the scope of time they are asking about. Typical “look back” periods are 2-4 years of diagnosis of the last treatment, given the condition.
3. They won’t ask about it at all.
If the application for coverage does not ask about a specific health complication you are in the clear! This is very common with hypertension, most companies do not inquire about this condition during the underwriting or application process.
Given your answers to the health questions, they will either accept you or deny you coverage.
There are 4 ways they do this:
1. Decline your application for coverage.
This would be an altogether decline if you have ever had the diagnosis in question.
2. Accept your application and impose a waiting period and higher price.
The waiting period is typically 2 years before a full policy payout can be received by your beneficiary upon your passing. If you pass during this waiting period they will still receive partial payment, depending on the terms of the coverage.
3. Accept your application with immediate coverage and a higher price.
This will give you coverage immediately after acceptance but your monthly premiums will be higher. This is typical with certain health conditions such as a stroke or heart attack but not with hypertension.
4. Accept your application with immediate coverage and a lower price.
This is what you will often find with hypertension since it is uncommon for a company to ask about this on the application.
The best companies for someone with high blood pressure are listed below.
It is important to understand that this is the only health condition that we are referring to below when making these recommendations. If you have an additional health condition you should continue your research.
However, to save you both time AND money it is best to work with an independent insurance agency to truly find the best company for you and your unique situation.
Mutual of Omaha
This company has one of the best reputations in the industry and the lowest prices for this policy type.
This household name had been around for well over 100 years and has an excellent financial rating. This means that they are more than capable of meeting their financial commitments like paying out your policy when the time comes.
Two of the burial policies offered by Mutual of Omaha are Level and Graded.
Level has no waiting period and the lowest prices in the industry.
Graded has a 2-year waiting period and higher prices. During the waiting period if the insured passes away the beneficiary would receive the paid premiums plus 10%.
There are no questions regarding high blood pressure on this application and we have helped countless clients with this diagnosis obtain coverage with Mutual of Omaha.
*$10,000 of Coverage
*$10,000 of Coverage
This non-profit insurance company has been around since 1874. The “A” financial rating that it has been able to maintain over the years proves the company’s commitment to helping families prepare for their financial future.
They offer 3 options for coverage: Preferred, Standard, and Basic.
Preferred has immediate coverage and the lowest prices.
Standard has immediate coverage and higher prices.
Basic has a 2-year waiting period and the highest prices. During the waiting period if the insured passes away the beneficiary would receive the paid premiums +10%.
After being diagnosed with high blood pressure you are still eligible for the Preferred plan as there are no questions on the application regarding this condition.
However, if you have a Pulmonary Hypertension diagnosis specifically you will be ineligible for coverage altogether with Foresters Financial.
*$10,000 of Coverage
*$10,000 of Coverage
Royal Neighbors of America
Another non-profit organization that has been around since the 1800s. This company would be an excellent option if you have another health concern that could throw up the dreaded “red flag” for a carrier as they are more lenient in their acceptance practices.
Some of the other complications that they accept with more leniency are:
- Cardiac events
They offer two plan types, Level and Graded.
Level coverage comes with no waiting period and their lowest prices.
Graded coverage has a 2-year waiting period and higher prices. During the waiting period the payout structure is:
- Death in year 1 – 30% of policy payout
- Death in year 2 – 70% of policy payout
- Death in year 3 or later – 100% of policy payout
This Graded plan option is highly competitive with other policies on the market as far as the payout structure throughout the waiting period.
With hypertension, however, you would qualify for the Level plan from this company.
*$10,000 of Coverage
*$10,000 of Coverage
Guaranteed Issue Policies
There is NO NEED to get a Guaranteed Issue policy with hypertension.
These policies do not ask any health questions and accept EVERYONE who applies. This means that this should be reserved for those in poor health who cannot otherwise qualify for better coverage.
These plans have a waiting period and are going to be the most expensive on the market as they cover people in very poor health.
You have probably seen advertisements on television for these plans from companies like Colonial Penn and AARP.
While these companies are good in some circumstances, most of the time you can get this same type of coverage at even lower rates from other companies.
But again, you will be able to get better prices and no waiting period with your high blood pressure.
It is vital that you work with an independent agency, like Willamette Life, to ensure that you are getting the best policy that is tailored to YOU.
Independent VS Captive
A captive agent is one like Allstate that only represents a set amount of products from one specific company. These products are often less flexible and more expensive.
An independent agency represents many companies allowing them to shop around on behalf of the client.
You may be wondering why anyone would want to work for a captive agency. Captive agencies come with built-in systems and marketing, similar to a franchise.
Willamette Life is an independent agency that represents the best of the best allowing us to help you and your loved ones find custom coverage.
Why Willamette Life?
We focus only on Burial Insurance which allows us to be experts in the field. We can help you find the best policy that fits your needs.
Our goal is always to get you the lowest price with no waiting period.
We strive to be an educational company to assist our clients to understand if this is the best type of coverage given everyone’s unique perspective on life. Whether you have high blood pressure, high cholesterol, or cancer, we will exhaust every option to find you the best of the best!
We are more than happy to help!
Call us at 844-576-0019
a. Burial Insurance with high blood pressure is easy to qualify for and will not affect your ability to get coverage if you work with the right agency that has access to the best carriers.
b. Mutual of Omaha is the best in the business for this insurance niche offering the lowest prices and built-in benefits with their Level plan.
c. It is vital that you work with an independent agency like Willamette Life to get the lowest prices and immediate coverage, especially if you have additional health concerns.
Stacie is the trainer of sales and customer service at Willamette Life. She enjoys educating both the staff and the public about Final Expense Life Insurance. By taking the questions frequently asked by clients she has been able to assist in developing a series of blogs that will hopefully be able to help more people than just those we are able to speak with.
We would be happy to answer your specific questions if there is anything we haven’t covered yet.