Burial Insurance after Breast Cancer

Burial-Insurance-After-Breast-Cancer

Qualifying for burial insurance after breast cancer is easier than you think (in most cases). Whether you’re a cancer survivor or currently in treatment, you should know that there are burial insurance options open for you. 

IMPORTANT: If you are currently diagnosed and being treated for breast cancer, you will only qualify for a guaranteed issue burial insurance with a two-year waiting period.

In this article, you will find out precisely how life insurance providers underwrite breast cancer patients, how to find the best burial insurance after breast cancer, and how to find your lowest cost option.

FOR EASIER NAVIGATION:


WHAT IS MY BEST INSURANCE OPTION IF I HAVE A HISTORY OF BREAST CANCER?


YOUR BREAST CANCER DIAGNOSIS AND TREATMENT IS MORE THAN 24 MONTHS

Most burial insurance companies ask about breast cancer within the last 24 months. Because your breast cancer treatment has been longer than 24 months, you can honestly answer “no” to the breast cancer question.

You are now eligible for level death benefit with first-day full coverage to those companies that only have a two-year look-back period on breast cancer.

You now have the chance to choose the best burial insurance after breast cancer and the lowest premium.

You will receive first-day full coverage, and you won’t have a two-year waiting period. Your beneficiary will receive a 100% death benefit if you pass away for any reason.

Best Option: Level death benefit plan with first-day coverage


YOU’RE CANCER FREE FROM FOR 24 MONTHS OR LONGER

If you have finished breast cancer treatment and now you’re now cancer-free, you have the best insurance options. Since it’s been more than 24 months since your last treatment, you can now honestly answer “NO” to the breast cancer question on the application.

If this is you, we can help you get approved for a level death benefit plan. You will be 100% covered on the first day, and you will not have a waiting period on your policy. And you will also pay the lowest premium.

Best Option: Level death benefit plan with first-day coverage


YOU’RE DIAGNOSED OR UNDERGOING BREAST CANCER TREATMENT IN THE LAST 24 MONTHS

Every burial insurance company asks about breast cancer within a minimum period of two years. If you’ve been currently diagnosed with breast cancer, been in treatment in the last 24 months, or are in remission, you fall under the highest risk category.

Your best option is to get approved for a guaranteed issue whole life insurance. Even with cancer, you can still get an affordable premium and only have a two-year waiting period.

Best Option: Guaranteed issue whole life insurance


WHY DO YOU NEED A GUARANTEED ISSUE BURIAL INSURANCE IF YOU’RE CURRENTLY DIAGNOSED WITH BREAST CANCER OR UNDERGOING TREATMENT?

We recommend purchasing a guaranteed issue burial insurance plan with a two-year waiting period if you’re currently undergoing treatment because your health could change at any moment. 

Tomorrow is uncertain, and you could develop other health problems as a consequence of breast cancer. Additional other health conditions may prevent you from qualifying for first-day coverage.

Postponing your application until you finish your treatment is not wise.

If you wait 24 months to get better burial insurance options, any significant changes in your health may disqualify you for a first-day coverage plan, and a guaranteed issue (GI) plan will be your only option for coverage.

If you purchase a guaranteed burial insurance plan now, you start working on the waiting period immediately, and whatever happens to your health in the future, you are covered.

GI plan may be more expensive than a plan with health questions, but your approval is guaranteed. Purchasing this plan is worth it in the long run. You will not lose any money with a GI plan, and it ends up costing less than having no insurance coverage at all.

If a guaranteed issue burial insurance is your only option for insurance coverage because of your breast cancer, apply now, and start working on your waiting period.


WHAT TYPES OF BURIAL INSURANCE SHOULD I AVOID?

PLANS TO AVOIDWHY?
Term lifePremiums increase after 5 years. Coverage ends after 80.
Pre-paid funeral plansExpensive
Universal lifeTied with stocks
No health questions policiesWith 2-year waiting period
Plans offering "teaser rates"$9.95 per unit plans or $1 buys $30,000 coverage
Over priced plansInsurance from TV and junk mail
Plans that accept mail-in paymentsRisky
Plans that accept Direct ExpressHigh lapse rate
Plans that accept Credit CardsHigh lapse rate


WHAT TYPE OF BURIAL INSURANCE IS BEST?

FUNERAL FUNDS PLAN BENEFITSINCLUDED
1st Day CoverageYES
Rates NEVER IncreaseYES
Coverage NEVER DecreasesYES
Easy to get approvedYES
No Medical ExamYES
Same Day ApprovalYES
Death Claims Pay FastYES
Builds cash valueYES
Coverage Up To Age 121 YES


IF I HAVE BREAST CANCER, DO I NEED A MEDICAL EXAM TO QUALIFY FOR BURIAL INSURANCE?

You are NOT required to take a medical exam to qualify for burial insurance after breast cancer.

When you apply for burial insurance, you only have to answer some basic questions about your health. The application process is simple, and you don’t need to provide medical records or blood and urine samples.

You’ll get the official approval from the insurance company often within minutes!


BURIAL INSURANCE UNDERWRITING IF YOU HAVE BREAST CANCER

The best way to get the lowest premium is by applying for life insurance before a cancer diagnosis. However, if you already have breast cancer, your next best option is by applying for burial insurance coverage with medical underwriting (burial insurance with underwriting means they ask health questions)

Burial insurance companies have two ways of underwriting:

FIRST – They may ask you a series of health questions. Your answers to their questions will determine your eligibility.

SECOND – They will electronically review your prescription history to verify your health.


HEALTH QUESTIONS:


Every burial insurance company will ask about cancer or treatments in the application process.

Common breast cancer treatments:

  1. Lumpectomy (wide excision)
  2. Mastectomy
  3. Chemotherapy
  4. Hormone therapy
  5. Immunotherapy
  6. Radiation therapy

You will most likely see breast cancer or any type of cancer asked in the health questionnaire this way:

  • In the last 24 months, have you been diagnosed with any type of cancer, or been advised to receive treatment for cancer?
  • In the last 24 months, have you been treated for any cancer?
  • In the last three years, have you been diagnosed with cancer, or received radiation or chemotherapy for cancer?
  • In the last three years, have you been treated for any internal cancer? 

Every burial insurance company is different, but that’s the most common way cancer will be asked in the health questionnaire.

Note: If you say “yes” to any cancer question in the knockout section of the application, the insurance company WILL NOT offer you a level death benefit with first-day coverage.


There is a 24-month minimum lookback period on cancer

Almost every burial insurance company that has a health question has a minimum of 24 months look back period on cancer.


PRESCRIPTION HISTORY CHECK

The insurance companies will also perform electronic prescription history checks to verify your current health condition and your answers to the health questions.

Here are the common cancer medications; life insurance companies look for:

  • Arimidex
  • Aromasin
  • Cyclophosphamide
  • Exemestane
  • Femara
  • Fulvestrant
  • Herceptin
  • Letrozole
  • Tamoxifen
  • Taxol
  • Taxotere
  • Trexall
  • Xeloda
  • Zoladex

There are hundreds of different prescription medications for breast cancer, but the above are the most common.

If you have been taking any of these meds within the previous 24 months, most burial insurance companies will assume that you are receiving breast cancer treatment.


HOW MUCH INSURANCE DO I NEED IF I HAVE BREAST CANCER?

The amount of burial insurance you should buy varies depending on your personal and financial circumstances. However, burial insurance should cover the cost of your funeral, burial, and final expenses.

The first step to figuring out how much burial insurance you need is to know your end-of-life expenses. Your funeral cost is often the biggest single expense you need to pay. Other end-of-life expenses to consider are your outstanding medical bills, living expenses, credit card bills, and other debts.

Here’s an example of a funeral cost breakdown from the National Funeral Directors Association.

AVERAGE FUNERAL COST WITH VIEWING AND BURIAL 
Non-declinable basic$2,195
Removal/ transfer of remains to funeral home$350
Embalming & preparation of the body$1,005
Use of facilities for viewing & funeral ceremony$925
Hearse$340
Service car/van$150
Basic memorial printed package$175
Metal casket$2,500
Vault$1,495
Median Cost of a Funeral With Viewing and Burial$9,135
AVERAGE FUNERAL COST WITH VIEWING AND CREMATION 
Non-declinable basic services fee$2,195
Removal/ transfer of remains to funeral home$350
Embalming & preparation of the body$1,005
Use of facilities for viewing & funeral ceremony$925
Service car/van$150
Basic memorial printed package$175
Cremation fee (if firm uses a third-party crematory)$350
Median Cost of a Funeral with Viewing and Cremation$5,150
Cremation Casket$1,200
Rental Casket$995
Alternate Cremation Container$150
Urn$295


HOW SHOULD I PAY MY PREMIUMS?

The best way to pay your premium is through a savings or checking account. We recommend you set a bank draft from your savings or checking account. That way, the bank will automatically pay your premium each month, and you don’t need to worry about your policy lapsing due to non-payment.

PAYMENT METHODRECOMMENDED?
Savings AccountBest way to pay
Checking AccountBest way to pay
CashNot recommended
Money OrderNot recommended
Cashier's CheckNot recommended
Debit CardNot recommended
Credit CardNot recommended
Direct ExpressNot recommended
PAYMENT FREQUENCYRECOMMENDEDACCEPTED BY
MonthlyRecommendedAll Companies
QuarterlyNot RecommendedSome Companies
Semi-annuallyNot RecommendedSome Companies
AnnuallyNot RecommendedSome Companies


BREAST CANCER AND BURIAL INSURANCE RIDERS

Insurance policy riders add benefits to your policy. Adding insurance riders will enhance your policy to fit your needs. Some riders are built into your policy, while other riders can be added at an additional cost. Most riders are affordable, and it involves little to no underwriting.

Here’s a list of common burial insurance riders:

FUNERAL FUNDS ADD-ONSAVAILABILITY
Terminal Illness Add-On BenefitIncluded with most plans
Nursing Home Care Add-On BenefitIncluded with most plans


INFORMATION WE NEED IF YOU HAVE BREAST CANCER

When you request a burial insurance quote, we will ask you some health questions to get a better idea of your current health.

These questions may include:

  1. When were you diagnosed with breast cancer?
  2. What is the grade or stage of your breast cancer?
  3. What breast cancer treatments did you have?
  4. How long did your breast cancer treatment last?
  5. What medications do you take for breast cancer?
  6. Are you in remission now?
  7. How long have you been in remission?
  8. Have you experienced any relapses?

Your answers to these breast cancer questions will help us determine the type of burial insurance plan you will qualify for and how much life insurance companies will charge you.

We specialize in helping breast cancer patients and survivors get the best burial insurance policy they need. We will help you by pairing you with the life insurance provider that offers the best rates for breast cancer patients and survivors.


BENEFITS OF BURIAL & FUNERAL INSURANCE

Here are some of the benefits of purchasing a burial or funeral policy:

  • No medical exam or doctor’s visit required – easy to get approved.
  • Ease of issue – easy to qualify and get insurance coverage.
  • No Money Down to get approved – have your policy start whenever you want.
  • Level premium – your premium will never increase.
  • Fixed death benefit – your death benefit will never decrease for any reason.
  • Permanent protection – your policy can not be canceled by the life insurance company as long as you continue to pay your premiums.
  • Tax-free – the death benefit is directly paid to your beneficiary tax-free upon your death
  • Cash value builds up – burial insurance is a whole life policy that builds cash value over time.


OTHER COMMON USES FOR FINAL EXPENSE LIFE INSURANCE AFTER BREAST CANCER

All of these examples are appropriate uses for Final Expense Life Insurance:

  • Burial insurance plan after breast cancer
  • Cremation insurance plan after breast cancer
  • Funeral home insurance plan after breast cancer
  • Final Expense insurance plan after breast cancer
  • Prepaid funeral plan insurance after breast cancer
  • Mortgage payment protection plan after breast cancer
  • Mortgage payoff life insurance plan after breast cancer
  • Deceased spouse’s income replacement plan after breast cancer
  • Legacy insurance gift plan to family or loved ones after breast cancer
  • Medical or doctor bill life insurance plan after breast cancer

We can help you with any of the plans above. Your pricing will depend on your age, health, and coverage amount for each program option.


HOW CAN FUNERAL FUNDS HELP ME?

Trying to find a policy if you have breast cancer needn’t be a frustrating process; working with an independent agency like Funeral Funds will make the process easier and quicker.

We will work with you every step of the way to find the plan that fits your financial requirements and budget. You don’t have to waste your precious time anymore searching for multiple insurance companies because we will do the work for you.

We work with many A+ rated insurance carriers that specialized in covering high-risk clients like you.  We will search all those companies and match you up with the best burial insurance company that gives the best rate.

We will assist you in securing the coverage you need at a rate you can afford, so if you are looking for breast cancer funeral insurance, or breast cancer burial insurance, or breast cancer life insurance. Fill out our quote form on this page or call us at (888) 862-9456, and we can give you an accurate quote.

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