Burial Insurance with Leukemia

Finding 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. As a matter of fact, 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?

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 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 the duration of 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 2 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 you have gone into remission for a minimum of three years.

If you are currently diagnosed or currently treating your leukemia most, it just means that 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 will need to compare quotes and coverage options from multiple companies to get the best rate.


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 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 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 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:

  1. Do you currently have any type of cancer such as brain tumor, melanoma, or Hodgkins Disease?
  2. In the last two years, have you been advised by a physician to have treatment for cancer?
  3. 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:

  1. Acute Lymphocytic Leukemia
  2. Acute Myelogenous Leukemia
  3. Chronic Lymphocytic Leukemia
  4. Chronic Myelogenous Leukemia

The insurance companies know that Leukemia is often curable. Survival rates for leukemia increase every year, and it is now considered to be one of the most curable types of cancers.


PRESCRIPTION HISTORY CHECK

To get the best rates for burial insurance, some insurance companies will check your prescription records and history.

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 LOOK BACK 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$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


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 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 LEUKEMIA?

When applying for burial insurance coverage with leukemia, it is crucial that you provide as much information as possible.

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 get a better idea of your condition.

These questions include:

  1. When were you initially diagnosed with leukemia?
  2. What type of leukemia were you diagnosed with?
  3. What stage of leukemia are you currently in?
  4. What type of treatments did you receive for leukemia?
  5. When did you complete your treatment for leukemia?
  6. Is there a recurrence of leukemia?
  7. 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 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?

Trying to find burial insurance for cancer patients 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 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 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 leukemia funeral insurance, or 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.

Life Insurance, Funeral Insurance, Final Expense Insurance, Burial Insurance Leukemia Infographic

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