2024 Burial Insurance with Leukemia
last updated on July 22, 2024Finding burial insurance with Leukemia can be challenging for the average person looking to purchase burial insurance coverage because cancer is one health condition that almost every life insurance company asks about.
Getting burial insurance with leukemia is possible. If you’ve just been diagnosed with leukemia, you can still qualify for an affordable burial insurance policy.
Over the years, Funeral Funds helped many clients with leukemia obtain affordable burial insurance coverage. We are experts at helping you get approved, and we know what companies will provide the best rates and coverage.
FOR EASIER NAVIGATION:
- What Is My Best Insurance Option If I Have a History of Leukemia?
- What Types of Burial Insurance Should I Avoid?
- What Type of Burial Insurance Is Best?
- If I Have Leukemia, Do I Need A Medical Exam to Qualify for Burial Insurance?
- Burial Insurance Underwriting If You Have Leukemia
- How Much Insurance Do I Need If I Have Leukemia?
- How Should I Pay My Premiums?
- Leukemia and Burial Insurance Riders
- Information We Need if You Have Leukemia?
- Benefits of Burial & Funeral Insurance
- Other Common Uses for Final Expense Life Insurance with Leukemia
- How Can Funeral Funds Help Me?
- Additional Questions & Answers On Burial Insurance With Leukemia
What Is My Best Insurance Option If I Have A History Of Leukemia?
Your ability to qualify for burial insurance with leukemia depends on the following factors:
- Date of your leukemia diagnosis
- How long has passed since your leukemia treatment
- Prescription medications taken
- Time of remission
LEUKEMIA FREE FOR TWO YEARS OR LONGER
If you’ve been cancer-free for more than two years, you will qualify for first-day coverage.
Best option: Level Death Benefit Plan
It’s uncommon for burial insurance carriers to ask about Leukemia or cancer of the blood beyond the two-year mark. The great news is that you will now qualify for level death benefit with first-day coverage and no waiting period with many burial insurance companies. You also got to pick the best plan at the lowest rate.
Your death benefit payout is fixed; it will not decrease and will remain the same throughout your policy. Your beneficiary will receive the full payout when you pass away.
IF YOU ARE IN REMISSION FOR TWO YEARS
If you have been in remission, without symptoms for two years or longer, you may qualify for a better option.
Best option: First-day benefit
A handful of final expense companies offer first-day benefits to leukemia patients who have been in remission for two years or longer. You will be covered from the first day, and your death benefit will be phased out over time.
IF YOU ARE CURRENTLY DIAGNOSED AND BEING TREATED FOR LEUKEMIA (LESS THAN TWO YEARS)
If you are presently diagnosed or treating your leukemia, you will not be eligible for first-day burial insurance coverage until you have beaten your blood cancer and have gone into remission for a minimum of three years.
If you are currently diagnosed or treating your leukemia, it just means you will have a two-year waiting period.
Best Option: Guaranteed Issue Burial Insurance
Your best and lowest priced option if you have leukemia is to take out a guaranteed issue burial insurance policy.
This type of policy has no medical exam and no health questions. Many carriers offer this plan the only difference is the amount they charge. You must compare quotes and coverage options from multiple companies to get the best rate.
What Types Of Burial Insurance Should I Avoid?
| PLANS TO AVOID | WHY? |
|---|---|
| Term life | Premiums increase after 5 years. Coverage ends after 80. |
| Pre-paid funeral plans | Expensive |
| Universal life | Tied with stocks |
| No health questions policies | With 2-year waiting period |
| Plans offering "teaser rates" | $9.95 per unit plans or $1 buys $100,000 coverage |
| Over priced plans | Insurance from TV and junk mail |
| Plans that accept mail-in payments | Risky |
| Plans that accept Direct Express | High lapse rate |
| Plans that accept Credit Cards | High lapse rate |
What Type Of Burial Insurance Is Best?
| FUNERAL FUNDS PLAN BENEFITS | INCLUDED |
|---|---|
| 1st Day Coverage | YES |
| Rates NEVER Increase | YES |
| Coverage NEVER Decreases | YES |
| Easy to get approved | YES |
| No Medical Exam | YES |
| Same Day Approval | YES |
| Death Claims Pay Fast | YES |
| Builds cash value | YES |
| Coverage Up To Age 121 | YES |
If I Have Leukemia, 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 with leukemia.
When you apply for burial insurance, you only have to answer basic questions about your health. The application process is simple; 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 Leukemia
Underwriting is the process life insurance carriers go through to determine your risk level. They will ask about your health and perform a prescription history check to verify your health condition.
HEALTH QUESTIONS:
Every burial insurance company asks about your cancer in different ways.
Here are the most common ways Leukemia or blood cancer will be asked in the health questionnaire:
- Do you currently have any type of cancer, such as brain tumor, melanoma, or Hodgkins Disease?
- In the last two years, have you been advised by a physician to have cancer treatment?
- In the last two years, have you been diagnosed with cancer or received chemotherapy or radiation for cancer?
Since Leukemia is a form of blood cancer, you will have to answer yes to the cancer question.
Most burial insurance company has a two-year look-back period for blood cancer.
There are four main types of Leukemia that insurance companies want to know about:
- Acute Lymphocytic Leukemia
- Acute Myelogenous Leukemia
- Chronic Lymphocytic Leukemia
- Chronic Myelogenous Leukemia
The insurance companies know that Leukemia is often curable. Survival rates for leukemia increase yearly, and it is now considered one of the most curable types of cancers.
PRESCRIPTION HISTORY CHECK
Some insurance companies will check your prescription records and history to get the best burial insurance rates.
Here’s a list of drugs used to treat Leukemia:
- Arzerra (Ofatumumab)
- Bosulif (Bosutinib)
- Busulfex (Busulfan)
- Campath (Alemtuzumab)
- Copiktra (Duvelisib)
- Gazyva (Obinutuzumab)
- Hydrea (Hydroxyurea)
- Imbruvica (Ibrutinib)
- Leukeran (Chlorambucil)
- Mustargen (Mechlorethamine Hydrochloride)
- Rituxan (Rituximab)
- Rituxan Hycela (Rituximab and Hyaluronidase Human)
- Tarabine PFS (Cytarabine)
- Tasigna (Nilotinib)
- Treanda (Bendamustine Hydrochloride)
- Venclexta (Venetoclax)
- Zydelig (Idelalisib)[/su_list]
If you have filled any of these drugs within the last two years, burial insurance companies will assume that you are undergoing treatment for Leukemia.
LEUKEMIA HAS A 2-YEAR LOOKBACK PERIOD
If you were diagnosed with Leukemia, many insurance companies would require you to be cured for over two years.
This means that if you have leukemia within the last two years, you are subjected to a waiting period and a higher premium.
How Much Insurance Do I Need If I Have Leukemia?
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 services | $2,300 |
| Removal/ transfer of remains to funeral home | $350 |
| Embalming & preparation of the body | $1,050 |
| Use of facilities for viewing & funeral ceremony | $965 |
| Hearse | $325 |
| Service car/van | $150 |
| Basic memorial printed package | $183 |
| Metal casket | $2,500 |
| Vault | $1,572 |
| Median Cost of a Funeral With Viewing and Burial | $9,420 |
| AVERAGE FUNERAL COST WITH VIEWING AND CREMATION | |
|---|---|
| Non-declinable basic services fee | $2,300 |
| Removal/ transfer of remains to funeral home | $350 |
| Embalming & preparation of the body | $1,050 |
| Use of facilities for viewing & funeral ceremony | $965 |
| Service car/van | $150 |
| Basic memorial printed package | $183 |
| Cremation fee (if firm uses a third-party crematory) | $368 |
| Cremation Casket | $1,310 |
| Urn | $295 |
| Median Cost of a Funeral with Viewing and Cremation | $6,970 |
| Rental Casket | $995 |
| Alternate Cremation Container | $150 |
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.
Leukemia 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 others 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-ONS | AVAILABILITY |
|---|---|
| Terminal Illness Add-On Benefit | Included with most plans |
| Nursing Home Care Add-On Benefit | Included with most plans |
Information We Need If You Have Leukemia?
You must provide as much information as possible when applying for burial insurance coverage with leukemia.
Not only will the information help us understand your health, but it will also help us provide you with an accurate quote. We will ask you a series of health questions to better understand your condition.
These questions include:
- When were you initially diagnosed with leukemia?
- What type of leukemia were you diagnosed with?
- What stage of leukemia are you currently in?
- What type of treatments did you receive for leukemia?
- When did you complete your treatment for leukemia?
- Is there a recurrence of leukemia?
- Do you have secondary cancer?
The more information you provide, the better your chances of finding affordable coverage.
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 is 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 With Leukemia
All of these examples are appropriate uses for Final Expense Life Insurance:
- Burial insurance plan with leukemia
- Cremation insurance plan with leukemia
- Funeral home insurance plan with leukemia
- Final Expense insurance plan with leukemia
- Prepaid funeral plan insurance with leukemia
- Mortgage payment protection plan with leukemia
- Mortgage payoff life insurance plan with leukemia
- Deceased spouse’s income replacement plan with leukemia
- Legacy insurance gift plan to family or loved ones with leukemia
- Medical or doctor bill life insurance plan with leukemia
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?
Finding burial insurance for cancer patients needn’t be frustrating; working with an independent agency like Funeral Funds will make the process easier and quicker.
If you have a health history of leukemia, let us help you; we will work with you side by side to find a plan that fits your needs.
We work with many A+ rated insurance carriers that specialize 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 leukemia funeral insurance, leukemia burial insurance, or leukemia life insurance, we can help. Fill out our quote form on this page or call us at (888) 862-9456, and we can give you an accurate quote.
Additional Questions & Answers On Burial Insurance With Leukemia
Can you get life insurance if you have leukemia?
Yes, you can get life insurance if you have leukemia. You may even qualify for a first-day coverage plan if you’ve been leukemia-free for two years or longer.
Is leukemia a pre-existing condition for life insurance?
Yes, leukemia is a pre-existing condition for life insurance. However, many insurance companies will still offer coverage as long as you have been leukemia-free for a certain period of time.
Do I need to tell insurance about leukemia?
Yes, you will need to tell your insurance company about your leukemia. This is because leukemia is considered a pre-existing condition. Failure to disclose this information could result in the cancellation of your policy.
Is leukemia a death sentence?
No, leukemia is not a death sentence. With proper treatment, many people with leukemia are able to live long, healthy lives.
Can a person with leukemia get burial insurance?
Yes, a person with leukemia can get burial insurance. In fact, many insurance companies offer policies specifically for people with pre-existing conditions.
Do I need to take a medical exam if I have leukemia?
No, you do not need to take a medical exam if you have leukemia. However, the insurance company may require you to provide proof of your diagnosis.
Is there an age limit for burial insurance with leukemia?
Life insurance is generally available to people 18-85 years old. However, the insurance company may have specific age requirements for coverage.
What are the benefits of burial insurance if you have leukemia?
Burial insurance with leukemia can provide peace of mind in knowing that your loved ones will be taken care of financially after you’re gone. It can also help cover the costs of funeral expenses and burial or cremation services.
Is leukemia a critical illness?
Yes, leukemia is a critical illness. This means that the policy will pay out a lump sum if you are diagnosed with leukemia and survive for a certain period of time.
Is leukemia a terminal illness?
Yes, leukemia is a terminal illness. This means that the policy will pay out a lump sum if you die from leukemia.
Can you get first-day coverage insurance if you have leukemia?
Yes, you can get first-day coverage insurance if you have leukemia. In fact, many insurance companies offer policies specifically for people with pre-existing conditions.
What are the things that may affect my eligibility if I have leukemia?
The things that may affect your eligibility for life insurance if you have leukemia include:
- The stage of your leukemia
- Your age
- Whether you are currently undergoing treatment
- How long you have been leukemia-free
- Whether you have any other health conditions
Does leukemia treatment affect life insurance?
Yes, leukemia treatment can affect life insurance. This is because the treatment may cause you to develop other health conditions that could impact your eligibility for coverage.
What leukemia treatment does the insurance company want to know about?
The insurance company will want to know about the type of leukemia you have, the treatment you are receiving (chemotherapy, radiation therapy, or stem cell transplant), and how long you have been receiving treatment. They may also want to know about any side effects you are experiencing from your treatment.
What is the waiting period for life insurance if you have leukemia?
In general, the waiting period for life insurance is two years. However, this may vary depending on the insurance company and your policy type.
Can I get life insurance if I am in remission from leukemia?
Yes, you can get life insurance if you are in remission from leukemia. However, your eligibility may depend on how long you have been in remission, the stage of your leukemia, and whether you have any other health conditions.
What is the life expectancy after leukemia?
The life expectancy after leukemia varies depending on your leukemia type, age, and stage of your disease. However, many people with leukemia live long, healthy lives.
Is leukemia a disability?
No, leukemia is not a disability. However, the treatment for leukemia may cause you to develop other disabilities.
Can I qualify for cremation insurance with a history of leukemia?
Yes, you may be able to qualify for cremation insurance with a history of leukemia.
How do you get life insurance after a leukemia diagnosis?
To get life insurance after a leukemia diagnosis, you must apply for coverage with an insurance company. The best way to do this is by working with an independent life insurance agent who can price shop for you and recommend the best plan with the best rate.
What is my best insurance option if I have leukemia?
The best insurance option for you if you have leukemia will depend on your circumstances. However, many people with leukemia qualify for first-day coverage life insurance policies. These policies do not require a medical exam and are available to people with pre-existing conditions.
Is leukemia fatal in life insurance?
Yes, leukemia is fatal in life insurance. The policy will pay out a lump sum if you die from leukemia.
Can you be denied insurance for leukemia?
Yes, you can be denied insurance for leukemia. Some companies will not accept your application if you have a recent diagnosis and treatment. To qualify, you need to be leukemia-free for two years or longer.
Is there a waiting period for life insurance with leukemia?
Yes, there is a waiting period for life insurance with leukemia. The waiting period is generally two years, but this may vary depending on the insurance company and the type of policy you purchase.
Can leukemia affect your life insurance rates?
Yes, leukemia can affect your life insurance rates. This is because the treatment for leukemia may cause you to develop other health conditions that could impact your eligibility for coverage.
What are the premiums for life insurance with leukemia?
The premiums for life insurance with leukemia will depend on the type of policy you purchase, your age, and the company you buy from. However, in general, life insurance premiums are relatively affordable.
Can leukemia medication affect my premium?
Yes, leukemia medication can affect your premium. If you are taking medication for leukemia, the insurance company may require you to disclose this information and may increase your premiums or deny your application altogether.
What is the average cost of life insurance for someone with leukemia?
The average cost of life insurance for someone with leukemia will depend on the type of policy you purchase, your age, and the company you buy from. However, in general, life insurance premiums are relatively affordable.
Can leukemia patients get final expense insurance?
Yes, leukemia patients can get final expense insurance. This type of policy pays out a lump sum if you die from any cause. It is designed to help cover your funeral costs and other final expenses.
Is leukemia covered by a critical illness rider?
Yes, leukemia is covered by a critical illness rider. This type of policy pays out a lump sum if you are diagnosed with a critical illness, such as leukemia. The money can be used to cover your medical expenses and other costs associated with your diagnosis.
Can leukemia affect life insurance?
Yes, leukemia can affect life insurance. This is because the treatment for leukemia may cause you to develop other health conditions that could impact your eligibility for coverage.
Do you have a shorter life expectancy after having leukemia?
Predicting a person’s life expectancy after a leukemia diagnosis is difficult. Some people with the disease live for many years, while others may only have a few months to live.
Do you have to disclose a leukemia diagnosis when getting life insurance?
Yes, you must disclose a leukemia diagnosis when getting life insurance.
Can you be rejected for life insurance because of leukemia?
Yes, you can be rejected for life insurance because of leukemia. Some companies will not accept your application if you have a recent diagnosis and treatment. To qualify, you need to be leukemia-free for two years or longer.
What are the best life insurance companies for leukemia?
The best life insurance companies for leukemia will vary depending on the type of policy you are looking for and your personal circumstances.
Can I cancel my life insurance policy if I develop leukemia?
Yes, you can cancel your life insurance policy if you develop leukemia.
What are some tips for getting life insurance with leukemia?
Tips for getting life insurance with leukemia include:
- Review your options and choose a policy that is best suited to your needs.
- Talk to an insurance agent about policies that are available for people with pre-existing conditions.
- Disclose all of your health conditions to the insurance company.
