Burial & Life Insurance With No Waiting Period In 2024
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Are you searching for burial insurance with no waiting period? Have you been told you only qualify for a guaranteed issue plan with a two-year waiting period? You’ve come to the right place. In this article, we’ll show you how to get final expense burial insurance with no waiting period. No final expense burial insurance policy will ever require a medical exam.
Table of Contents
- Who Qualifies
- The Truth About No Waiting Periods
- Compare Multiple Insurance Companies
1. 90% of People Qualify for Immediate Coverage
Most people qualify for immediate coverage with several companies, but certain health conditions can disqualify you. If you have any of the following conditions, you will only qualify for a guaranteed issue plan with a two-year waiting period:
- Current cancer diagnosis
- Dialysis
- Terminal illness
- AIDS/HIV
- Organ transplant
- Currently in a hospital, nursing home, or hospice care
- Alzheimer’s/Dementia
Within the past 12 months:
- Stroke
- Heart attack
- Angina
- Insulin shock
- Heart surgery
- Circulatory surgery
If you do not have any of these conditions, you can likely qualify for immediate coverage. However, multiple smaller health issues or medications might affect your eligibility. To be certain, you need to discuss your health with an independent agent who can compare your options among various companies. For a comprehensive list of pre-existing conditions and their impact on coverage, visit this page.
2. No Health Question Life Insurance Plans
You might have seen “No health question” plans on TV or in the mail. These guaranteed issue plans have no health questions but come with a mandatory two-year waiting period—no exceptions! If you die within the first two years, the carrier will refund the premiums paid, plus 10% interest for most carriers. These plans are also slightly more expensive than immediate coverage policies with no waiting period. While they provide quick coverage with no questions asked, they are not the most cost-effective option.
3. Compare Multiple Carriers for Coverage
The key to securing a burial or life insurance policy with no waiting period is working with an independent agency or brokerage. Finding coverage can be challenging if you have serious health conditions, but multiple variables affect your options. For instance, someone with diabetic neuropathy may qualify for immediate coverage with a few companies, but adding heart disease medication might complicate matters.
Health questions vary between insurance companies, so comparing multiple options is crucial. Many agents represent only one company, but you can often find better rates and no waiting period by shopping around. Seniors Mutual is an independent agency representing all top carriers in your state. If you qualify for immediate coverage, we’ll find it—guaranteed. Contact us or fill out the quote form, and we’ll help you find a policy as soon as possible.
FAQs
Which life insurance company has no waiting period?
Many companies, including Mutual Of Omaha, Aetna, and Prosperity, offer no-waiting-period policies, but you must answer health questions to qualify.
Does AIG insurance have a waiting period?
Yes, AIG guaranteed issue plans come with a two-year waiting period.
