New York final expense insurance plans are available at affordable rates for most adults residing in the empire state. These burial and final expense plans are designed to help you pay for all your expenses relating to your untimely death, including any outstanding medical bills and credit card debts. In some cases, the New York provider might require applicants to undergo medical exams–this is especially the case if you are a smoker, or if you have a preexisting health condition. Depending on your information as well as your test outcome, you might have to pay higher premiums because you are considered a high risk applicant. However, if you want to skip the medical exam process entirely, you also have the option of choosing a guaranteed issue New York expense insurance plan that will provide you with adequate final expense coverage no matter what your medical history entails.
Basic Expense and Burial Plans
New York burial expense insurance is the means in which a resident within one of the largest populated states in the country can purchase the appropriate amount of coverage their family needs in order to properly bury the policy holder. Not only does this include the casket and labor, but such plans also account for the type of funeral that you want. Cremation options are also available with New York burial expense insurance policies.
New York burial policies that cover final expenses takes the coverage a step further by providing a death benefit that can cover all of the expenses you leave behind. This can include medical bills, as well as credit card debts and loans. In some cases, you will also want to add enough coverage to care for your family in the event of your absence.
Need for Insurance Medical Exams
One important aspect of an application for a traditional New York final expense insurance plan is your health history. This might include straightforward questions, such as whether you are a smoker or not. On the other hand, the application could become more complex if you are currently suffering a medical condition, or if you have an extensive health history. In some cases, the NY burial insurance provider will request a simple medical exam in order to determine your health class before your final rate is provided to you.
Although the mere mention of a medical exam sounds daunting, these tests are usually straightforward. A nurse or doctor who is contracted with the company will visit your home or job site in order to take your weight, blood pressure and height. In more complex cases, the New York final expense insurance company will also request a urine and blood sample from you. Once all of the results are compiled, the company then processes your application and rate offer.
If you are not satisfied with the final rate offered by a particular New York burial expense insurance provider, then you do have the option of searching for a different provider. Never falsify the information on your medical questionnaire, as the results of the exam will prove your information otherwise. In many cases, this is grounds for immediate termination from the New York burial expense insurance company.
NY Guaranteed Insurance Plans
Some New York burial expense insurance plans are considered as “guaranteed issue” plans. Such policies are designed to provide New York applicants with coverage, no matter what their health history entails. In fact, many of the companies that issue these types of plans do not even ask any medical questions whatsoever. This can particularly be beneficial for you if you are a regular smoker, or if you have an extensive medical history.
Before signing up for these kinds of New York burial expense policies, it is important to know that the coverage is generally a lot higher than quotes you might see for expense plans that do not come with a guaranteed issue. This is due to the fact that some of the underwriting processes are eliminated in relation to checking your medical history, and that many of the New York policyholders are at a higher risk of succumbing to a premature death than those who have good health. At the same time, many people with health conditions choose guaranteed insurance plans because the premiums are often less expensive than plans from other NY providers that require medical exams.
If you are looking for a New York final expense insurance plan that comes with a guaranteed issue, then it is important that you look for final expense or burial insurance companies that specify this fact from the get-go. If you are asked for medical questions, then it is unlikely that the plan you have selected is a guaranteed issue version. For the best results, look at multiple plans from various companies in order to find the lowest rates possible.