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. 

Your chances of getting first-day coverage final expense coverage will depend on the stage of your breast cancer, your treatment plan, how long you have been in remission, and if you are still on any medications.

If you’re a breast cancer survivor or you know someone who has survived breast cancer, we can assist you in getting life insurance coverage.

There is no instance where breast cancer diagnosis and treatment could prevent you from securing affordable burial insurance with breast cancer. Many life insurance companies will willingly accept you with open arms, even if you are currently diagnosed or undergoing treatment for your condition.

And here’s some good news…burial insurance for cancer patients doesn’t require you to take physicals or medical exams.

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

FOR EASIER NAVIGATION:


THE EFFECTS OF BREAST CANCER TO LIFE INSURANCE ELIGIBILITY

Your ability to qualify for burial insurance with a history of breast cancer depends on the following factors:

  • Date of your breast cancer diagnosis
  • How long has passed since your cancer treatment or removal surgery
  • What prescription medications are you currently taking
  • How long has passed since you stopped taking preventive medicine

If you currently have breast cancer and are receiving treatment for your condition, insurance coverage is possible, but you will pay a bit more and have a waiting period. No life insurance company will offer you first-day coverage if you are currently being treated or on cancer treatment medications.

PRO TIP – If you’ve been cancer-free for more than two years, you will qualify for first-day coverage with the lowest rate.

Whatever your current breast cancer situation, you will be eligible for some form of burial, cremation, or final expense life insurance coverage.


UNDERWRITING BURIAL INSURANCE AFTER 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)

HEALTH QUESTIONS:

Every burial insurance company will ask about cancer in the application process. You will most likely see breast cancer or any type of cancer asked in the knockout section this way:

  • Do you currently have breast cancer?
  • Do you ever been diagnosed with cancer?
  • Are you currently taking cancer treatments?
  • Do you ever have one occurrence of the same or different type of cancer?
  • Has your breast cancer metastasized to other parts of the body?  

Every burial insurance company is different, but that’s the most common ways cancer will be asked in the knockout section.

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.

Here are the most common ways you will see cancer asked in the graded benefit section of the application: (graded benefit is used by the insurance companies to label their higher risk applicants. This plan cost more and come with a partial waiting period)

  • 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? 

THERE IS A 24 MONTHS MINIMUM LOOK BACK PERIOD ON CANCER

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

At the time of this article, we have one company that only asks if you are currently being treated for cancer. This company doesn’t care if your cancer has been within the last 24 months.

PRESCRIPTION HISTORY CHECK

The insurance companies will also perform electronic prescription history check 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.


POLICY OPTIONS AVAILABLE FOR BREAST CANCER PATIENTS AND SURVIVORS

The time that passed since the removal of your breast cancer or the remission of your disease plays the most critical role in determining the type of plan you will qualify for.

Additionally, the length of time since you stopped chemotherapy or radiation plays an important factor.

YOUR BREAST CANCER TREATMENT IS OVER FOR 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.

LEVEL DEATH BENEFIT

This plan with first-day full coverage will be offered to you if your breast cancer diagnosis and successful treatment are more than 24 months ago.

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.

The level death benefit plan is a simplified issue policy with only health questions to answer and no medical exam. Your premium amount is fixed and will remain the same throughout the life of the plan. Your death benefit payout is guaranteed never to decrease.

The level death benefit plan is much less expensive than guaranteed issue burial insurance.

We always try to get our clients a level death benefit plan whenever possible. If your treatment has been successful for 24 months and you are in remission, you will easily qualify for this plan.

YOU’RE IN REMISSION FROM BREAST CANCER FOR 24 MONTHS OR LONGER

If you have finished breast cancer treatment and now you’re in remission – you have the best insurance option. Since it’s been more than 24 months since your last surgery, 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.

YOU’RE 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 diagnosed with breast cancer and having treatment within the last 24 months, your best option is to take a graded death benefit plan.

GRADED DEATH BENEFIT PLAN

A graded death benefit plan is the next best option if you cannot qualify for level death benefit with first-day coverage because of your breast cancer.

A graded death benefit plan has partial coverage during the first two years.

Breast cancer patients who had been having treatment for two years will receive offers for this plan. If you pass during the first two years, your beneficiary will receive a percentage of your death benefit.

If you pass away during the first year, your beneficiary will receive 30-40% of the benefit payout. Your beneficiary will receive 60-70% of the death benefit if you die during the second year. The company will give 100% death benefit to your beneficiary if you pass away in the third year or beyond.

If you don’t qualify for graded death benefit because of breast cancer treatment, your best and the most affordable option would be to take out a guaranteed issue policy. It would be cheaper than some graded death benefit plan. There are times when it’s cheaper to buy GI plan than a graded death benefit plan.

IF YOU ARE CURRENTLY DIAGNOSED WITH BREAST CANCER OR IN TREATMENT

If you’ve been currently diagnosed with breast cancer and have been in treatment in the last 12 months.

Common breast cancer treatments:

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

If you’re currently undergoing any of these treatments, you fall under the highest risk category. Your lowest cost option is to take a guaranteed issue burial insurance. You can still get an affordable premium and only have a two-year waiting period.

GUARANTEED ISSUE BURIAL INSURANCE

A guaranteed issue whole life insurance is your best insurance policy for cancer patients who are currently diagnosed with breast cancer or undergoing treatment. You don’t need to endure a medical exam or answer any health questions to qualify. 

If you have breast cancer, you can quickly get this plan if you are between 50-85 years old and a U.S. citizen. While it costs a bit more than a policy with first-day coverage, you won’t have to worry about being declined for coverage due to your breast cancer diagnosis or treatment.

Guaranteed issue plans offer insurance coverage despite having breast cancer. This plan will cost anywhere from 15 to 30% more compared to a policy with first-day coverage. But, this is still great because the company will approve your application without asking about your health.

Guaranteed acceptance plan will instantly pay 100% death benefit if you die in an accident throughout the life of your policy. Also, if you pass away during the two-year waiting period from natural causes, the insurance company will refund all your premiums to your beneficiary plus 7-10% interest.

After the two-year waiting period, you are 100% covered, and your beneficiary will receive your full death benefit payout if you die for any reason.

Why do you need Guaranteed Issue life 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 changes in your health will 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.


BENEFITS OF GUARANTEED ISSUE BURIAL INSURANCE

  1. Guaranteed approval when you apply. You will be approved regardless of your breast cancer diagnosis and treatment.
  2. There are no medical exams, no blood samples or doctor’s record.
  3. There are zero health questions to answer.
  4. Guaranteed fixed death benefits that will never decrease.
  5. Fixed monthly premiums will not increase due to age or worsening health condition.
  6. Policy not cancelable by the insurance company, as long as you pay the premiums on time.
  7. The policy will last a lifetime. Your plan will not terminate or expire when you reach 80 years old.
  8. You can accumulate a cash value that you can borrow against.
  9. The death benefit is tax-free to your beneficiary.


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?
  9. Do you have a family history of cancer?

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.


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.

If you have a health history of breast cancer, let us help you; we will work with you side by side to find a plan that fits your needs.

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 dirty work for you.

We will shop your case to different insurance carriers and get you the best price.

We work with many A+ rated insurance carriers that specialized in covering high-risk clients like you.  We will search all those companies to get the best rate. We will 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.

Call Now ButtonCALL NOW FOR PRICING