Life Insurance for Dialysis
Are you struggling to find life insurance for dialysis?
Here are real life insurance options for people receiving dialysis.
Coverage amounts available
Immediate Coverage (no waiting period) - approval required
Company #1
up to $50,000 - (Age 0 - 55)
up to $40,000 - (Age 56 - 65)
up to $30,000 - (Age 66 - 75)
up to $25,000 - (Age 76 - 85)
Company #2
up to $30,000 - (Age 0 - 50)
up to $20,000 - (Age 51 - 70)
up to $10,000 - (Age 71 - 85)
Guaranteed Issue Coverage (2 yr waiting period) - everyone is approved
Company #2
up to $30,000 - (Age 0 - 70)
up to $10,000 - (Age 71 - 85)
Other Companies
up to $25,000 - (Age 50 - 80)
Call now 469-722-0208 or get a real time quote below
Why do some people get approved and others don't?
There's only a few companies that will possibly approve coverage for those receiving dialysis.
It all comes down to whether you:
a) are only being treated for ESRD (end-stage renal disease)/Kidney failure stage 5
b) have other major conditions (i.e. - diabetes, heart attack, stroke, COPD, lupus, MS, parkinson's, recent cancer).
c) have been hospitalized excessively in the past 24 months
One of top companies (offers coverage up to $50,000 - company #1) that insures dialysis will only approve you if dialysis is your only major medical condition. Even having well-controlled diabetes can result in you being declined with that company.
On the other hand, the other top company (offers coverage up to $30,000 - company #2) will possibly accept coverage with multiple conditions.
Life Insurance Coverage
Life insurance money is left to a beneficiary of your choosing. The money can be used for nearly any reason:
- Funeral Expenses: Burial or Cremation
- Rent or Mortgage Payments
- Debt Payments
- Vacation
- any other legal use of the money
Medicare and/or Supplemental Coverage
If you are in dialysis treatments, here are services offered:
- Medicare review/optimization
- Hospital indemnity (pays out if you are admitted to the hospital)
- Critical illness (pays out if you are diagnosed with invasive cancer, heart attack and/or stroke)
FAQs
Answers to Your Top Questions About Dialysis-Specific Coverage
Is there a waiting period on this life insurance?
There are options for immediate coverage in every state. Find out if you qualify after you get your quote by calling 469-722-0208.
What if I don't qualify for immediate (Day 1) coverage?
There are still multiple options for coverage. If you get coverage with a 2 yr waiting period, your beneficiary is eligible for a refund of your payments if you pass away in less than 24 months from natural/medical causes.
What are your premiums like compared to traditional life insurance policies?
We have competitive pricing for life insurance if you have dialysis.
Most other plans will either deny you immediately or put you in a policy with a waiting period (2 - 3 years)
Why would I get a hospital indemnity or critical illness plan?
Hospital indemnity plans pay out a set amount directly to you. This will help to pay any hospital bills you get.
Critical illness plans pay out a set amount directly to you if you are diagnosed with a heart attack, stroke, invasive cancer and a few other major conditions.
Do I have to change my Medicare policy if I have it reviewed?
No. We will work to find a Medicare plan that is better for you. If we cannot find a better plan for you, we will leave your current plan in place.
What happens if I am no longer undergoing dialysis? Can I still retain my coverage?
Yes, once your policy is in place, it remains valid regardless of changes in your health condition, as long as premiums are paid. My goal is to provide ongoing peace of mind.
Can I have multiple policies?
Yes. Once you reach the maximum coverage amount with one company, you can get additional coverage with another company.
Do taxes have to be paid on the life insurance benefit/payout?
No. Life insurance death benefits are in most cases NOT taxable as income to the beneficiary under IRS Section 101(a)(1) when paid due to the death of the insured.
How much coverage should I get if I only want to cover funeral costs?
Funeral costs vary by state and even the city you are in. On average, here's a good recommendation:
Cremation - minimum ($5,000), recommended ($7,000)
Traditional burial - minimum ($10,000 - $12,000), recommended ($15,000 - $20,000)
Remember! - Some insurance is better than none, so above all get an amount you can afford.
