After receiving a diagnosis of high blood pressure (hypertension), it may seem like there is 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.
Something not initially thought about is your options for burial insurance plans.
Can You Get Burial Insurance With High Blood Pressure?
High blood pressure will not affect your ability to qualify for burial insurance. While some companies will not offer their lowest rates to someone with high blood pressure, the majority of companies will accept you as though you are in perfect health.
Burial insurance is also known as funeral insurance or final expense insurance. It falls in the category of simplified issue whole life insurance and was designed specifically for seniors to provide an affordable way to pay for funeral expenses.
This coverage lasts for the insured’s entire life, so there is no worry about outliving the policy or needing to renew.
Whole Life Insurance Features
All whole life policies come with the following permanent benefits.
No Expiration: Since it is a permanent policy, the financial protection this coverage brings will always be there regardless of when death occurs.
Coverage Lock: The amount of coverage taken out will never fluctuate. This allows you and your beneficiary to plan accordingly.
Price Lock: Funeral insurance quotes will never change. The premiums paid at the start of coverage will remain the same through your very last payment.
Builds Cash Value: Providing a living benefit, the cash value allows you to borrow money from the policy if desired. A portion of the premiums paid will be allocated towards the cash-value account, growing over time.
Specific Final Expense Insurance Benefits
Affordability: The smaller the death benefit, the smaller the premiums will be. Final expense policies come in smaller, flexible coverage amounts of $2,000 – $40,000. Traditional whole life insurance begins at around $50,000 and can extend into the millions.
No Medical Exam: No plan of this type will ever require a medical exam because of its simplified issue underwriting. Insurance companies will not even ask about your blood pressure level. Applications will ask a series of simple yes/no health questions, which you can complete over the phone.
No Waiting Period Options: Immediate coverage is available for those that qualify. Seniors can qualify for day-one funeral insurance with hypertension.
Flexible Death Benefit: Your beneficiary can spend the policy money on anything deemed necessary. So while it is called funeral insurance, it can cover anything from cremation to outstanding debts to charity donations. There are no limitations on the flexibility of the non-taxed death benefit payout.
Learn more about a $25,000 senior whole life policy by speaking with a final expense insurance agent.
Underwriting: Does High Blood Pressure Disqualify You From Burial Life Insurance?
Hypertension does not disqualify you from obtaining burial expense coverage. With other types of insurance, high blood pressure can throw up a red flag, but it does not matter when applying for burial insurance.
Other types of life insurance plans care about this due to the increased risk of complications that can come as a result of hypertension. However, the majority of final expense insurance policies do not consider high blood pressure in underwriting.
Common complications of high blood pressure:
What Is Considered High Blood Pressure for Final Expense Life Insurance?
High blood pressure 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.
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 is around ten.
Given your answers to the health questions, they will place you in one of the following types of plans.
Plan Tiers of Funeral Insurance
Level: This is the plan type that has the lowest cost and immediate protection. These plans are harder to qualify for due to the strict underwriting guidelines. Seniors with high blood pressure will be able to qualify for this plan.
Graded: A progressive payout structure during the mandatory 2-year waiting period makes this plan attractive to seniors with additional pre-existing health concerns. Graded policies are slightly more expensive than Level because of the increased underwriting leniency.
Modified: Also known as a “return of premium” policy, the Modified plan has a 2-year waiting period and lowers the qualifying standards. Commonly this is the most expensive of the four plan tiers.
Guaranteed Issue: These policies do not ask any health questions and accept everyone who applies. Meaning this plan should be reserved for those in poor health who cannot otherwise qualify for better coverage. These plans have a waiting period before full coverage can be awarded since it covers people in compromised health.
Finding The Best Funeral Insurance Providers With Hypertension
Final expense insurance carriers will treat someone with high blood pressure the same as someone without this diagnosis. None of the top companies for burial insurance will ask about your blood pressure, so it will not play a role in acceptance.
There are really only three things that you’ll want to look for when getting final expense insurance with high blood pressure.
Strong Company: Working with an insurance company that has a high financial rating is essential. By having good financials, the company is positioned to be around for the long term and pay claims when due.
Low Premiums: Try to get the lowest cost available to you. Pricing from the different providers varies because each company sets its own insurance rates.
Immediate Coverage: Getting coverage that begins as soon as your first premium is paid is important. There is no reason that someone with a hypertension diagnosis should encounter a waiting period.
How to Buy: Captive vs. Independent Agents
There are two categories that agents fall into, they are either captive or independent. You may purchase a policy from either type of agent. Just know that the way they go about finding you a policy is quite different.
Captive: A captive agent is one that only represents a set amount of products from one specific company. These products can be harder to qualify for or more expensive.
Independent: An independent agency represents many life insurance companies, allowing them to shop around on behalf of the client.
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 health situation.
a. Each pre-existing health condition that someone has could affect coverage eligibility.
b. Burial insurance with high blood pressure is easy to get as this condition will not affect your ability to qualify for coverage.
c. It is best to work with an independent agency to get the lowest prices and immediate coverage, especially if you have additional health concerns.