Funeral Insurance with Lou Gehrig's Disease
Getting approved for funeral insurance with Lou Gehrig’s disease seem like an impossibility. But it is possible to acquire funeral insurance with Lou Gehrig’s disease.
ALS is such a difficult disease to diagnose and subsequently treat, because there is not a specific test for Lou Gehrig’s disease. Because the symptoms of ALS are so similar to other illnesses, the condition often goes without early proper diagnosis. If you receive this diagnosis, it is very important to request and get a second opinion from an expert in the field.
Steven Hawking HAD ALS
One of the great minds of our century passed away recently. Stephen Hawking had lived with Lou Gehrig’s Disease most of his adult life and is one of the few who lived a long life with the deadly disease. He beat the odds, because once diagnosed, the lifespan of a person with Amyotrophic Lateral Sclerosis averages 2 to 3 years.
Fact: 50% of people diagnosed with ALS will live more than 3 years.
Fact: 25 % of people diagnosed with ALS will live 5 years or more.
It all starts very simply.
- Weakness and Fatigue
- Slurred Speech
- Dropping Things
- Muscle Cramps
Some people live longer and some people have quickly shortened lives. This is the main reason that most funeral insurance companies will only write guaranteed issue life insurance policies for people diagnosed with ALS.
If you or a family member has been diagnosed with ALS and would like more information about funeral insurance with Lou Gehrig’s disease, the best thing to do is to contact us at Choice Senior Life. We can help.
3 Things We Will Discuss About Funeral Insurance & ALS
Can you still perform all of your ADL's ?
Did You Get a Second Opinion ?
Living With ALS
With the advancement of technology and research there is hope.
There are 3 things that we will discuss with you after your diagnosis and before we recommend a funeral insurance company. Remember, we will be looking for the best company that fits your special needs and your budget.
First we’ll talk about the activities of daily living.
The activities of daily living include:
- Feeding Yourself
- Dressing Yourself
If you have an ALS diagnosis and can still perform all the activities of daily living then an affordable funeral insurance policy may be issued.
Before you start to need assistance, reach out to your friends and family to let hem know what is going on. Many people have no idea about how to help. Having an honest discussion with everyone will help you and your family cope with living with ALS.
Let your family support group help with preparing meals, running errands and driving to appointments. This helps them feel involved but more importantly keeps you in control.
Second, we’ll ask about your diagnosis. Did you get second or even multiple opinions ?
Because the diagnosis of Lou Gehrig’s disease is so life changing we always recommend a second opinion. The symptoms of ALS mimic other illness, so it is common for a proper diagnosis to take 3 to 4 months after first seeing a doctor.
In other cases, the senior delays going to the doctor and consequently things begin to get much worse. The feeling that everything’s going to be OK can prove detrimental to acquiring a funeral insurance policy in a timely manner. The senior also doesn’t want to be a burden to family members and delays going to the doctor.
Get A Second Opinion
Choice Senior Life is interested and committed to providing you with the right funeral insurance program. We do not want to put you into a program that is not right for you. That is why we will always ask the question about 2nd opinions. If the diagnosis is incorrect then a fully guaranteed policy may not be right for you. You may in fact qualify for a level policy that can have day 1 funeral insurance coverage.
Finally, we will ask about treatments and prescriptions you may be taking.
The ugly truth about funeral insurance with Lou Gehrig’s disease is that currently the disease is fatal. With the the advancement of technology and research there is more hope than ever.
Facts About ALS
- There are over 5,000 cases diagnosed per year.
- The average life expectancy is 3 to 5 years.
- There are only 3 approved ALS drugs.
- It costs $250,000 a year to care for a person with ALS.
- It will cost 2 billion dollars to develop new drugs to help patients with ALS.
- There is no cure for ALS.
Hope Is On The Horizon
With the advancement of technology and research, hope for victims of ALS is on the horizon.
Stem Cell Therapy seems to be the most promising treatment in years.
The money being raised for research has grown significantly as the technical capabilities of data research has become mainstream.
Guaranteed Funeral Insurance With Lou Gehrig’s Disease
Guaranteed Life Insurance Policies have limited benefits during the first 2 years of issue. The benefit paid to the beneficiary is limited to the amount of premiums paid plus interest. However they do have the other benefits of whole life insurance.
- The benefit is paid tax free to the named beneficiary.
- Rates can never be raised due to age or health.
- The policy can never be canceled, as long as premiums are paid.
There are fewer than 20,000 ALS cases reported each year and people who are looking for insurance information are usually children of parents that have been recently diagnosed. It’s rare but not completely unusual to see a parent shopping for funeral insurance for a child diagnosed with Lou Gehrig’s Disease.
How Can I Buy Funeral Insurance For My Parents ?
In some ways, having the funds set aside for the funeral expenses is calming and reassuring for the sufferer as well as the family. Many seniors don’t feel like they want to burden the family with their problems, consequently, it makes sense to engage a funeral insurance professional to help with the process. A sense of getting things in order is accomplished and is just one more item to check of the list.
Understand, that it takes both parties to come to agreement about funeral insurance with Lou Gehrig’s disease. The insured ( parent ) must have knowledge of the insurance policy and agree to it! You will not be able to just take out a funeral insurance policy without them knowing about it. There will be questions to ask and forms to sign by both parties.
You or the insured can be the payer of the policy
It does not matter who is paying for the funeral insurance policy. There must be a familiar connection. There must be a reason that the policy is acquired. The “insurable interest” clause in all life insurance policies makes sure that the you are related by blood or marriage to the person for whom you are purchasing the policy.
Choice Senior Care will easily and privately help you and your family set up affordable funeral insurance with Lou Gehrig’s disease.