Life Insurance with Kidney Disease

Kidney Disease & The Need For Life Insurance

Kidney disease greatly affects both your health and your bank account, making it all the more important to have a financial plan in place facing the future. 

The Health Impact

Chronic kidney disease occurs when the kidney begins losing its ability to function and can no longer effectively filter the blood. As a result, toxins and waste build up in the body, which creates additional complications. Common complications from kidney disease that arise include heart disease, bone disease, diabetes, anemia, and gout.

As the disease progresses, it can eventually lead to kidney failure. Which, at that point, requires a transplant to survive.  

Startling statistics  

CDC Statistics

• 15% of US adults—37 million people—are estimated to have CKD.*
• Most (9 in 10) adults with CKD do not know they have it.
• 1 in 2 people with low kidney function who are not on dialysis do not know they have CKD.
• Kidney diseases are the ninth leading cause of death in the United States.

Life Expectancy

Chronic kidney disease affects older people differently than younger adults. Thus, life expectancy will vary depending on the age when diagnosis occurs. Individuals age 65 to 85 that get diagnosed with kidney disease have an average life expectancy of 6 years.

A staggering 38% of people with kidney failure also have diabetes. And 26% have hypertension. Both of which also impact life expectancy.

The Financial Impact Of Kidney Disease

Without financial protection, kidney disease patient face significant financial challenges.   

One study found that the average out-of-pocket cost of care for non-dialysis chronic kidney disease was $14,634 per year.  These out-of-pocket costs increase with the severity of symptoms. And the cost of care for dialysis patients can exceed $100,000 per year! 

Unpaid medical bills and personal debts can result in a significant financial burden for your loved ones after you’re gone.   And unless you’re independently wealthy, you’ll need to implement a financial plan to protect those you love most.  

So what’s the answer?

A senior life insurance policy provides guaranteed funds that help reduce or eliminate end-of-life costs. Policy funds can be used for funeral costs, unpaid medical bills, personal debts, or however your family needs. There are no restrictions on how to use life insurance funds.

Life Insurance Options for People with Kidney Disease

While it should come as no surprise that shopping for life insurance with kidney disease will affect your options for coverage, you still have options. In fact, kidney disease patients can still qualify for multiple types of coverage.

Final expense life insurance is available for individuals with mild to moderate symptoms as long as no other health complications are present. These policies provide up to $40,000 in coverage, offer low premium rates, and, best of all, there are lots of carriers to shop and compare to find your lowest price.

Final expense policies do not require medical exams; however, there is a health questionnaire. Those who qualify will receive day one coverage, higher policy limits, and low premiums.

Guaranteed acceptance life insurance is a last resort coverage option for individuals who fail to qualify for other types of policies. Typically, if you have severe symptoms from your disease or have multiple chronic conditions, this will be your only coverage option.

Guaranteed policies are more expensive than traditional policies because they forgo all medical underwriting. That’s right; there are no medical exams or any health questions whatsoever. As long as you’re between ages 50 and 85, you cannot be turned down due to health reasons. The only exception to this rule is if you have end-stage renal failure and you are currently admitted into a hospital or treatment facility

Finding Your Best Policy

Shopping for life insurance with kidney disease is going to be challenging for those who go about it alone. The good news is, you don’t have to. Our specialized agency is here to help you explore your coverage options and quickly find your best policy and price. We even provide a streamlined application process to make enrollment as easy as possible.

Our services are free. And there’s never any obligation when working with an agent.

Explore your options today by filling out the form on your screen. You’ll instantly receive a personalized quote for life insurance policies that kidney patients qualify for.