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If you have had a blood clot, you might be saying to yourself, “surely this is going to be a problem with the insurance company when I apply.” If so, we get to be your hero today by letting you know you can still get coverage and at an affordable price. We have helped many clients with blood clots secure affordable final expense life insurance, and we can help you too.
In this article, we will go over how blood clots could potentially affect the prices for funeral insurance, how insurance companies see this health issue from a risk standpoint and how you can find the best policy for you.
The Essentials of Burial Insurance After A Blood Clot
The reality is that every insurance carrier is different. There is no standardized method for deciding what health issue is high risk and which isn’t. This means that there absolutely might be some insurance companies that see a blood clot as “high risk,” but most will not. With a majority of the clients we speak to, it’s almost always a non-issue. However, there can always be some one off, which is what this article is also meant address.
Some insurers care about blood clots, and some don’t. At Simplegacy, we have access to multiple companies, so assuming you have no other health issues, we would just place you with one of the burial insurance companies that could care less about blood clots. Simple…
Burial insurance plans work differently from most insurances in that you will ever have you to take a physical or medical exam as part of their application. The most you will ever do is answer some health questions.
Final Expense Underwriting for Blood Clots
Underwriting is just a five-dollar word for saying the insurance company is analyzing how much risk they’re taking on by offering you coverage. Most funeral insurance companies will NOT ask about blood clots. Because they don’t ask about them, it means they don’t care. For the ones that do ask, they are often more concerned with how the clot was treated.
Knowing that, we would ask you some specific questions about your blood clot(s) so that we could give you the most accurate idea of what to expect from the insurance company.
1. When were you last diagnosed with a blood clot?
2. Did you have any surgeries to treat the blood clot?
3. What medications, if any, were you prescribed and when and how what were the dosages?
4. Have you ever been diagnosed with Deep Vein Thrombosis?
Once we know this information (plus any other health issues you deal with), we can start to get a very clear picture of what you’re going to qualify for as it relates to amounts and prices.
Clarification About Pulmonary Embolism or Deep Vein Thrombosis.
If you have a pulmonary embolism or have been diagnosed with deep vein thrombosis, you won’t have anything to worry about. We have lots of final expense life insurance companies that don’t take any issue with this and will offer you immediate coverage from day one with no restrictions.
Blood Clot Medications and How it Impacts Insurability
There are several medications on the market currently that can be prescribed once your doctor learns of a blood clot. The medications we typically see as the more popular options are Coumadin, Eliquis and Xarelto. We have not had any issues with insurance companies seeing those medication as a red flag. The only time an insurance carrier may stop and ask questions is if the medication your taking could’ve also been prescribed to treat something else. Especially if that something else would be a more serious health issue.
Blood Clot Surgery and How it Impacts Insurability
Although its rare, sometimes surgery may be required to treat a pulmonary embolism, blood clot, or deep vein thrombosis. Probably the most common one is the insertion of a Vena Cava Filter. Regardless of the type of surgery, if you’ve had to have a procedure done to treat your blood clot, it will absolutely have an impact on getting coverage. Almost all insurance companies ask if you’ve had any recent health issues requiring surgery or hospitalization.
Below we’ve included some possible scenarios and how the insurance company is going to respond in regard to the coverage they offer you:
• Surgery within the last 12 months: You will have a full 2 year waiting period and pay about 15-30% more.
• Surgery over 12 months ago: We can most likely get you a level death benefit since there’s a handful of companies that only look back one year. Hopefully, you don’t have other health issues that prevent you from qualifying with the companies that only ask if you have had a circulatory surgery within the last year. If you do qualify with these companies, you will receive a level death benefit that has the lowest cost and immediate coverage.
• Surgery over 2 years ago: You’ll be fine, almost as if it never happened. Most funeral insurance companies will only look back 2 years on any kind of circulatory surgery, after that, they don’t care
How To Find The Best Burial Insurance After A Blood Clot
Simplegacy works with 20+ insurance carriers. Not only will we find a company to work with you, we will find multiple. When we do, we can compare rates and impartially recommend whichever carrier will give you the best value. We are not tied to any single company, which gives us the ability to unbiasedly tell you what your best solution is. Since we only work in the Burial/Funeral/Final Expense Insurance category, you will never have to worry about being “cross-sold” or pushed into a solution that doesn’t make sense in the long run for you.
We are here to help you in any way we can. We will use every resource available to us in order to help you find the best policy that will work for you and your family. Our goal is to approach every scenario the way we would if it was our own family that we were planning for.
Call us at 888-519-9119 or fill out the quick quote form for an instant quote.