Final Expense Insurance with Neuropathy [NO WAITING PERIOD]

Final expense insurance with neuropathy
Final Expense Insurance with Neuropathy [NO WAITING PERIOD]

There is no doubt about it, having this condition impacts your everyday life.

From dieting to massages to keeping track of how you sit, the pain endured changes everything about life as you knew it.

What you may not have initially thought of is how qualifying for Final Expense Coverage can be affected.

Or perhaps you have been searching around for coverage but have been unable to find a plan that covers this pre-existing condition.

Fear not! YOU HAVE OPTIONS when it comes to obtaining Final Expense Insurance with Neuropathy.

Several carriers will still accept you with this condition.

That is where Willamette Life comes in. We have access to companies that will provide coverage with any and all health complications that you might have!

But for now, let’s start with neuropathy.

Final Expense Insurance with Neuropathy

The important thing to understand here is that each carrier has its own guidelines for acceptance that are built around the health of the applicant.

Some carriers have lower rates but are harder to get approved for.

Other carriers have higher rates but will accept almost anyone.

And then there are all of the carriers in between.

The way that this industry is set up is very “nichey” when it comes to qualifying for this type of coverage.

For example, Carrier A will accept someone who has had a heart attack or stroke but not accept someone with neuropathy, while Carrier B will accept someone with neuropathy but not accept someone who has had a heart attack or stroke.

The key to finding that right carrier is to work with an independent agency that represents many carriers that serve these niches and can find the best one for you.

Willamette Life can help open the door to immediate coverage with your common or not so common conditions.

Open window in the trees

The Basics:

Final Expense Insurance is a straightforward type of Whole Life Insurance that comes in small policy amounts, typically $40,000 or less.

  • Never Expires
  • Coverage Lock
  • Price Lock
  • Builds Cash Value
  • No Medical Exam
  • No Waiting Period Options

These features are indicative of what ALL Whole Life policies offer. Although, some carriers have even MORE benefits included in their plans.

Why Does Neuropathy Matter For Coverage?

Since this is often a complication stemming from other health conditions it is important to understand that your overall health is taken into consideration when applying for coverage.Green Diabetic Monitor

This means that whether your neuropathy was caused by cancer treatments or diabetes, the primary condition matters just as much as the conditions it caused.

Since most cases stem from diabetic complications it is important to also look into what carrier would be the best for diabetics. Since diabetic neuropathy is caused by poorly managed blood sugar levels this can be viewed as not managing your diabetes properly which can then lead to further complications.

Your health and how you live your life matters to the carrier because this is the exact thing that they are insuring.

Best Quality green ribbon

Best Companies for Neuropathy

With these company reviews, we are going to look SOLELY at neuropathy and conditions closely associated.

As stated earlier, the carriers take into consideration ALL of your conditions when determining acceptance. So, just because a carrier accepts people with neuropathy does not necessarily mean they will accept your other conditions, they look at the big picture of your health.

Royal Neighbors of AmeriaRoyal Neighbors Logo black and white

Royal Neighbors of America accepts diabetic neuropathy! In fact, they do not even ask about it throughout the application process.

Nine health questions are asked in the application, the only question pertaining to diabetes is listed below for your reference.

If you answer “YES” to this question you are not eligible for coverage.

If you answer “NO” to this question you are eligible for IMMEDIATE COVERAGE!

Health question:

  1. Has the Proposed Insured ever been diagnosed as having or been treated for Insulin shock, diabetic coma, amputation caused by disease, or taken insulin shots prior to age 30?

As you can see by this question, this is one of the most diabetic-friendly carriers on the market.

To see all 9 health questions view our full Royal Neighbors Final Expense review.

Quotes:

Level

*$10,000 of Coverage

AgeMenWomen
45NANA
50$40$34
55$46$38
60$50$38
65$59$45
70$75$56
75$110$80
80$154$110
85$213$149

*Non-Tobacco Rates

TransamericaTransamerica Logo

This company accepts this health complication whether it’s caused by diabetes or any other condition.

Transamerica offers 3 tiers of coverage, Preferred, Standard, and Graded.

Preferred – immediate coverage, lowest price

Standard – immediate coverage, mid-range price

Graded – 2-year waiting period, higher price

If you have neuropathy you are eligible for Preferred coverage!

For your reference, we have listed the health questions that pertain to diabetes.

If you answer “YES” to question 1 you are ineligible for coverage.

If you answer “NO” to both questions you are eligible for Preferred coverage.

Health questions:

  1. Have you ever been diagnosed with, treated for, tested positive for or been given medical advice by a member of the medical profession for either diabetic coma or amputation?
  2. Have you been diagnosed with, treated for, tested positive for or been given medical advice by a member of the medical profession for any of the following: Prior to the age of 20 with Diabetes (other than gestational diabetes)?

For more information about Transamerica view our full review under the “blog” section on the main menu.

Quotes:

Male

*$10,000 of Coverage

AgePreferredStandardGraded
45$29$33$96
50$32$38$83
55$36$48$117
60$44$60$136
65$57$80$174
70$75$106$213
75$101$140$274
80$142$198$376
85$223$299NA
Female

*$10,000 of Coverage

AgePreferredStandardGraded
45$24$28$72
50$26$31$80
55$30$38$92
60$34$44$106
65$42$55$130
70$55$72$160
75$74$97$199
80$105$141$266
85$165$211NA

*NonTobacco Rates

Guarantee Trust Life (GTL)Black and white GTL logo

The application for coverage does not ask about this condition. This means that Guarantee Trust Life will accept those that have neuropathy.

Furthermore, they do not ask any questions regarding diabetes.

GTL offers coverage for the majority of complicated health situations. They are essentially one step before Guaranteed Issue, which we will discuss towards the end of this article.

They offer higher prices than some other carriers while still coming in LESS than Guaranteed Issue.

This does come with a 2-year waiting period that is superior to any Guaranteed Issue policy.

Death in year 1 – Return of paid premiums +5%

Death in year 2 – 50% of the policy amount is received

Death in year 3 or later – 100% of the policy amount is received

For more information about GTL you can read our review in the “blog” section under the main menu.

Quotes:

Guarantee Trust Life

$10,000of Coverage

AgeMaleFemale
45$46$34
50$51$36
55$55$42
60$67$51
65$80$60
70$101$73
75$139$102
80$232$165
85$301$191

Mutual Of OmahaMutual Of Omaha Logo

Two types of coverage offered by Mutual of Omaha are Level and Graded.

Level is for those in good health and comes with immediate coverage and lower prices.

Graded is for those with higher risk health conditions and has a 2-year waiting period. During this waiting period if the insured passes away the beneficiary would receive the paid premiums +10%.

If you answer “NO” to the question below you could be eligible for Level coverage.

If you answer “YES” to the question below you could be eligible for Graded coverage.

Health question:

  1. Has the proposed insured ever received care or treatment for, or been advised by a physician or health care provider to seek treatment for Diabetes before age 50 or diabetes at any age with complications of Retinopathy (eye), Nephropathy (kidney), Neuropathy (nerve) or Peripheral Vascular Disease (PVD or PAD)?

Basically, if you have neuropathy caused by something OTHER THAN diabetes you are eligible for Level coverage as long as you do not have another ineligible condition.

If your neuropathy is a diabetic complication, you are eligible for Graded coverage only.

To read more about Mutual of Omaha read our full review on their products.

Quotes:

Male

*$10,000 of Coverage

AgeLevelGraded
45$25$42
50$29$46
55$35$60
60$43$75
65$56$95
70$74$120
75$100$170
80$133$254
85$183NA
Female

*$10,000 of Coverage

AgeLevelGraded
45$23$35
50$25$38
55$28$46
60$33$53
65$41$65
70$53$86
75$72$127
80$98$184
85$136NA

*Non-Tobacco Rates

Foresters FinancialForesters Financial Logo black and white

Foresters Financial offers 3 tiers of coverage, Preferred, Standard, and Basic.

Preferred – Immediate coverage, lowest price

Standard– Immediate coverage, mid-price

Basic – 2-year waiting period, higher price

As you may know, the better health you are in the better prices you are able to receive.

If you answer “NO” to the question below you could be eligible for Preferred or Standard coverage.

If you answer “YES” to the question below you could be eligible for Basic coverage.

Health question:

  1. Have you ever been diagnosed with diabetes and have also been diagnosed with, or advised to receive treatment for Retinopathy (problems with your eyesight), Nephropathy (kidney disease or kidney damage), or Peripheral Neuropathy (nerve damage or numbness)?

Basically, if your neuropathy is caused by something other than diabetes, acceptance for immediate coverage is possible.

If your neuropathy is due to diabetic complications, you are eligible for Basic coverage only.

Quotes:

Male

*$10,000 of Coverage

AgePreferredStandardBasic
45NANANA
50$32$45$47
55$37$59$60
60$45$74$74
65$56$93$95
70$73$112$118
75$103$161$171
80$147$216$259
85$201$308NA
Female

*$10,000 of Coverage

AgePreferredStandardBasic
45NANANA
50$26$37$37
55$31$43$44
60$34$50$52
65$43$65$66
70$53$83$86
75$75$120$132
80$111$167$192
85$166$253NA

*Non-Tobacco Rates

United Home LifeUnited Home Life Logo

United Home Life offers coverage for those with neuropathy under their Express Issue Whole Life plan. This plan has a 2-year waiting period.

Death in year 1 – Return of paid premiums +12%

Death in year 2 – Return of paid premiums +24%

Death in year 3 or later – 100% of the policy amount

Accidental death during this waiting period will cause the policy to be paid out in full.

If you answer “YES” to the question below you are eligible for the Express Issue Whole Life plan.

If you answer “NO” to the question below you could be eligible for a plan with immediate coverage.

Health question:

  1. Have you been diagnosed or treated for, or are you currently under treatment for Neurological disorders (including neuropathy, excluding controlled seizure disorder with no seizures in the past 2 years)?

Quotes:

Express Issue Whole Life

*$10,000 of Coverage

AgeMaleFemale
45$53$51
50$59$56
55$69$65
60$85$76
65$107$89
70$142$110
75$181$141
80$261$179
85NANA

*Non-Tobacco Rates

Guaranteed Issue

You have most likely heard of Guaranteed Issue plans if you have ever watched television. There are several companies like Colonial Penn, John Hancock, and Globe that market their Guaranteed Issue policies to the masses. This is because everyone can qualify for them, there is literally nobody 55-80 that is turned away.

The blessing of Guaranteed Issue is also its curse: No health questions asked

By being in good health and purchasing Guaranteed Issue coverage you are essentially paying more per month and in a pool of unhealthy insured folks. Don’t put yourself in this pool if you do not need to be!

If you are in good to average health, you can qualify for a much more cost-effective plan.

Even with neuropathy and other conditions, Guaranteed Issue is not necessarily your best or only option. As you saw above, you can still get day-1 coverage!

Quotes:

Male

$10,000 of Coverage

AgeAIGGerberGreat Western
45NANA$55
50$52$44$59
55$55$58$64
60$63$64$75
65$84$85$92
70$98$99$119
75$139$140$158
80$246$247$27
85$316NANA

Female

$10,000 of Coverage

AgeAIGGerberGreat Western
45NANA$46
50$36$34$49
55$43$44$56
60$50$51$66
65$62$63$80
70$75$76$102
75$107$108$138
80$175$176$190
85$199NANA

Man with green hair thinking

Final Thoughts

a. Immediate coverage for Final Expense Insurance with neuropathy is obtainable.

b. It is vital that you speak with an independent agency that can take your health complications into consideration when selecting the best policy specific to YOU.

c. Willamette Life is here to assist with any questions or concerns you may have about your health and what you will qualify for.

We can be reached at 844-576-0019

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