Burial insurance for cancer patients is available. Whether you are currently in treatment, in remission, or cancer survivor, there are burial insurance policies for you.
Let me help you find affordable life insurance, burial insurance, or final expense insurance for you or your loved one who has cancer or a history of cancer in the past.
Burial insurance for cancer patients can provide insurance coverage regardless of the stage of cancer and how your medical condition progressed.
The good news is, whatever type of cancer you have or kind of treatment you are taking, you don’t have to take a medical exam to qualify for coverage. You also don’t need to provide your medical records when you apply.
Do you currently have cancer and being treated for it? Don’t worry there is a burial insurance plan that never asks health questions. You will be approved instantly.
FOR EASIER NAVIGATION:
- Burial Insurance And Cancer
- Burial Insurance For Cancer Patients
- Types Of Burial Insurance For Each Stage In Cancer Treatment
- When Is The Best Time To Get Burial Insurance?
- Information I Need If You Have Cancer
BURIAL INSURANCE AND CANCER
Burial insurance for cancer patients and cancer survivors are possible.
Here are the most common types of cancer:
- Bladder Cancer
- Breast Cancer
- Colorectal Cancer
- Kidney Cancer
- Lung Cancer –Non-small cell
- Lymphoma – Non-Hodgkin
- Oral and Oropharyngeal Cancer
- Pancreatic Cancer
- Prostate Cancer
- Thyroid Cancer
- Uterine Cancer
If you have any of these cancer types, there are burial insurance options open for you.
Cancer types that are a non-issue to burial insurance companies:
Not all types of cancer can cause reduced life expectancy. There are two types of cancer that are non-life-threatening and will not affect your eligibility.
These two specific types of skin cancer are a non-issue with every burial insurance company:
- Basal Cell Carcinoma
- Squamous Cell Carcinoma
Both are non-life-threatening. 90% of skin cancer patients are diagnosed with these skin cancer types. It’s the reason why these two types of skin cancer are virtually non-issue with life insurance companies. Most insurance companies will specifically mention these skin cancers as an exemption.
If you have basal cell carcinoma or squamous cell carcinoma, you will easily qualify for immediate coverage life insurance.
BURIAL INSURANCE FOR CANCER PATIENTS
Burial insurance can provide your loved ones with the funds needed to cover your funeral and final expense needs.
The best way to get the lowest premium in burial insurance is by applying for burial insurance with underwriting. Underwriting in burial insurance means you need to answer some health questions. Burial insurance companies with underwriting offer the best price and immediate coverage.
Cancer is considered a high-risk medical condition; that’s why every life insurance company asks about cancer in their health questionnaire.
You will likely see cancer asked in the “knockout” section of the application this way:
- Do you currently have cancer?
- Have you ever been diagnosed with more than one occurrence of the same or different type of cancer? (excluding basal cell and squamous cell carcinoma)
- Has your cancer had metastasis to other parts of the body?
You will see cancer in the modified section of the application asked this way:
- In the previous 24 months, have you ever been diagnosed with any type of cancer?
- In the two years, have you been diagnosed with cancer, or been advised to receive chemotherapy or radiation therapy?
- In the previous 24 months, have you been diagnosed with cancer, or been advised to receive surgery?
- In the last three years, have you ever been treated for cancer?
Cancer has a 24 months minimum lookback period.
Suppose you answer “yes” to any of the questions above. In that case, most insurance companies require you to be in complete remission for a minimum of 2 years before they will offer you a plan with immediate coverage.
Having any type of cancer in the last two years will only qualify you for no-questions-asked guaranteed issue burial insurance with a two-year waiting period.
Aside from asking health questions, the insurance companies will check your current health by electronically checking your prescription history to verify your answer to the health questions.
There are hundreds of different prescription medications used to treat cancer. If you have been taking any of the cancer drugs within the previous two years, most final expense insurance companies will assume that you are being (or have been) treated for cancer.
Medication is a common form of cancer treatment, and these are the most common medications approved for cancer in the USA:
- Bortezomib (Velcade)
- Chlorambucil (Leukeran)
- Cyclophosphamide (Cytoxan, Neosar)
- Gemcitabine (Gemzar)
- Imatinib (Gleevec)
- Irinotecan liposome injection (Onivyde)
- Irinotecan (Camptosar)
- Methotrexate (Rheumatrex, Trexall)
- Oxaliplatin (Eloxatin)
- Tamoxifen (Nolvadex)
- Trastuzumab (Herceptin)
Taking any of these medications within the last two years will indicate to the insurance company that you are a cancer patient, and they will classify you as a high-risk applicant.
TYPES OF BURIAL INSURANCE FOR EACH STAGE IN CANCER TREATMENT
Common Cancer Treatments Include:
- Hormone therapy
CURRENTLY HAVE CANCER OR CURRENTLY UNDERGOING TREATMENT
If you currently have any type of cancer which is not basal cell or squamous cell carcinoma, or you are presently undergoing treatments,
most life insurance companies with underwriting will flat out decline your application.
No life insurance company will give you immediate coverage because of your current cancer situation.
Your best burial insurance option: Guaranteed issue burial insurance
If you currently have cancer or undergoing treatment, your lowest cost option would be to take a guaranteed issue burial insurance. Guaranteed issue or guaranteed acceptance life insurance has no medical exam and no health questions. This insurance policy will provide you insurance coverage regardless of your medical situation.
You can easily get this policy if you are a 50-80-year-old U.S. citizen and can enter a legal contract. Guaranteed issue burial insurance cost anywhere from 15-30% more compared to a policy with immediate coverage. This is the small price you pay because the insurance company will approve your application without asking about your health.
While it costs a bit more than a plan with immediate coverage, you will not have to worry about being denied coverage because you are currently undergoing cancer treatment.
You must be aware: Guaranteed issue burial insurance comes with a two-year waiting period.
Guaranteed acceptance life insurance will pay a full death benefit if you die on accident during the two-year waiting period; however, you need to live for the first two years of the policy before it will pay 100% death benefit to your beneficiaries.
If you pass away during the two-year waiting period from natural causes or medical-related death, the company will only refund all your premiums plus interest, which is typically 10%. After the waiting period, you are fully covered, and your beneficiary will receive your full death benefit if you die for any reason.
You should not worry if you will only qualify for a plan with a two-year waiting period. Many cancer patients have outlived the waiting period.
In fact, I get calls from beneficiaries of cancer patients I sold guaranteed issue policy to. They told me they’ve been very thankful because I insisted their parents get a policy even if it has a waiting period. Thankfully, their parents outlived the waiting period, and when they pass away, they were able to get the death benefit payout in full.
TREATMENT IN THE LAST 2 YEARS
You have cancer and have been treated in the last 2 years
Every burial insurance company ask about cancer within a minimum period of two years. If you were diagnosed with cancer in the last two years and still undergoing any type of treatment, you get a better option.
You can now qualify for a modified life insurance policy with partial coverage.
Your best burial insurance option: Modified Life Insurance (Partial coverage)
A modified life insurance policy is the next best death benefit if you cannot qualify for immediate coverage.
A modified life insurance policy works this way:
If you purchased a $20,000 death benefit and pass away within the 12 months, your beneficiaries will receive 30% of your death benefit. If you die during the second 12 months of the policy, 70% of the death benefit will be received by your beneficiary. 100% death benefit will be given if you pass away after 24 months of the policy.
If you are receiving treatment for cancer within the previous two years, you cannot avoid a two-year waiting period.
You must be aware: there are times when it is cheaper to buy a guaranteed issue burial insurance than a modified policy. You must consult an independent life insurance agent to guide you in buying the best plan for your current medical condition.
MORE THAN 2 YEARS OF TREATMENT
Your cancer had been treated for more than two years
Some burial insurance companies only ask about cancer within the last two years. I would help you determine these companies if your treatment had been more than two years.
Because your cancer treatment has been longer than two years, you can honestly answer “no” to the cancer questions. You can now qualify for the best plan – level death benefit with immediate coverage to those burial insurance companies that only have a two-year lookback period on cancer.
You can now get to choose the best plan at the best price.
Your best burial insurance option: Simplified issue life insurance with a level death benefit
Most life insurance with a two-year lookback period on cancer would offer you simplified issue burial insurance with a level death benefit if your cancer diagnosis and treatment were more than two years ago. Since you can answer no to the cancer question in the health questionnaire, these companies will treat you as if you never had cancer before.
You will be 100% covered from the first day, and your life insurance policy will not have a waiting period. If you pass away for whatever reason, your beneficiary is guaranteed to receive your full death benefit.
Qualifying for simplified issue burial insurance is easy. You don’t need to take a medical exam; you only need to answer a few health questions to qualify. If you qualify for a simplified issue, final expense insurance, your death benefit payout will never decrease. Your premium is fixed and will remain the same even if your condition gets worse in the future.
Simplified issue burial insurance is generally cheaper compared with guaranteed issue life insurance.
I always try to get my clients’ level death benefit policy whenever possible if their health condition permits it. I will also get you this plan if no medical condition disqualifies you for this plan. There are times when this is not possible, especially if the cancer is very recent or the treatment is less than two years.
IN REMISSION FOR 24 MONTHS OR LONGER
If you have finished cancer treatment and have been in remission for longer than 24 months – you have the best option.
If it’s been more than two years since your last cancer treatment, you can now honestly answer “NO” to the cancer question in the health questionnaire. If this is your case, I can help you get approved for simplified issue burial insurance with a level death benefit.
You will now qualify for a level death benefit. Your insurance policy will start on the first day because it does not have a waiting period. Your life insurance is cheaper compared with a guaranteed issue life insurance.
WHEN IS THE BEST TIME TO GET BURIAL INSURANCE?
Getting burial insurance before a cancer diagnosis is ideal. It would be best if you bought burial insurance NOW when you are younger and you can lock-in the best price. Every year you delay getting burial insurance, your life insurance premium increases.
Should you buy life insurance if you have cancer? You need burial insurance more if you have cancer because you don’t know what will happen in the days to come. You surely don’t want to burden your family with your final expenses, right?
Getting burial insurance for cancer patients is definitely possible and can easily be done in most cases. You just have to be smart about your application. You need to choose the life insurance company that offer immediate coverage (if your health permits it) with the lowest price.
Please do your research before buying burial insurance, and it’s always better to work with a qualified insurance agency like Funeral Funds.
INFORMATION I NEED IF YOU HAVE CANCER
When you request a burial insurance quote, I will ask you some health questions to get a better idea of your past and current medical condition.
These are some of the health questions you need to answer:
- What type of cancer do you have?
- When were you diagnosed with cancer?
- What is the grade or stage of your cancer?
- What cancer treatments did you have?
- How long did your cancer treatment last?
- What medications do you take for cancer?
- Are you in remission now?
- How long have you been in remission?
- Have you experienced any relapses?
- Do you have a family history of cancer?
Please answer these questions honestly. Your answers to these cancer questions will help me determine the type of burial insurance plan you will qualify for and how much life insurance companies will charge you.
If you have cancer now, you can still qualify for affordable life insurance. If you are a cancer survivor and you’ve in remission for more than two years, you have the best option.
I work with more than 30 life insurance companies, and I will shop your case with these companies. I can help you get the best insurance policy by pairing you with the life insurance company that offers the best rates for cancer patients.
If you are looking for cancer burial insurance, cancer funeral insurance, or cancer final expense insurance. Call us at (888) 862-9456 or fill out the quote form on this page to get an accurate quote.
If you have cancer, do not hesitate to call me. I specialize in helping cancer patients qualify for the lowest priced cancer insurance policy available.