Finding burial insurance for myelodysplastic syndrome or MDS is possible. In fact, you can get affordable burial insurance even after having been treated for MDS. The nature of your myelodysplastic syndrome will ultimately decide what life insurance options are available to you and how much you will pay for coverage.
If you have been in remission for more than two years, and you have no other medical issues since then, you have a higher chance of getting affordable final expense insurance with immediate coverage.
And here’s something great…
Burial insurance plans don’t require any medical exam. All you need to do is answer some questions about your health. Some insurance plans don’t even have health questions at all!
In this article, we’ll start by giving you the basic information you need to know about applying for insurance if you have myelodysplastic syndrome.
We will explain more about MDS and how this condition is viewed and assessed by insurance companies and we’ll help you identify the best life insurance for MDS at the best rate.
CAN SOMEONE WITH MYELODYSPLASTIC SYNDROME QUALIFY FOR LIFE INSURANCE?
YES you can!
Myelodysplastic syndrome or MDS has no negative impact on getting burial insurance. As a matter of fact, if you’ve just been diagnosed with MDS, you can still qualify for an affordable final expense policy. But, you must be aware that recent diagnosis and treatment makes your options limited.
If you are diagnosed with MDS or bone marrow failure, you cannot escape a short waiting period. It is unavoidable with every burial insurance company.
If you’ve made a full recovery from the condition that caused your bone marrow to fail, and at least two years have passed since your remission you will be able to qualify with level death benefit with no waiting period.
In most cases, you may find it necessary to get a guaranteed issue burial insurance that won’t require you to take a medical exam or answer any health-related questions to qualify.
You can choose among the best final expense and burial insurance companies with the best price.
WHY DO INSURANCE COMPANIES CARE IF YOU HAVE MYELODYSPLASTIC SYNDROME?
Myelodysplastic syndromes, or MDS, are a group of disorders where a person’s bone marrow does not produce enough healthy blood cells.
MDS is also referred to as the “bone marrow failure disorder,” and it is classified as a type of cancer. Some MDS may develop into acute myeloid leukemia.
There are more than 13,000 people diagnosed with MDS every year. Most of them are aged 65 years or older. The median survival chance that MDS will transform into acute myeloid leukemia is five years.
The outlook for people with MDS varies in each case. The typical survival period following diagnosis is four years.
Risk factors for MDS include previous radiation therapy or chemotherapy, exposure to certain chemicals such as tobacco smoke, benzene, and pesticides, and exposure to heavy metals such as lead or mercury.
Types of myelodysplastic syndromes insurance companies care about
Myelodysplastic syndrome subtypes include:
- Myelodysplastic syndrome with unilineage dysplasia
- Myelodysplastic syndrome with multilineage dysplasia
- Myelodysplastic syndrome with ring sideroblasts
- Myelodysplastic syndrome associated with an isolated del chromosome abnormality
- Myelodysplastic syndrome with excess blasts — types 1 and 2
- Myelodysplastic syndrome, unclassifiable
The World Health Organization divides myelodysplastic syndromes into different subtypes based on the type of blood cells — red cells, white cells, and platelets — involved. The types of MDS are based on specific changes in the blood cells and bone marrow.
Don’t worry; we work with different companies that will still offer you insurance coverage even if you have MDS. We will match you with cancer friendly companies that will provide the best rates.
INFORMATION WE NEED IF YOU HAVE MYELODYSPLASTIC SYNDROME
When applying for burial insurance coverage with MDS, it is crucial to provide as much information about your health as possible. Not only will that information help us understand your health but it will also help us give you an accurate quote.
We will ask you some health questions to get a better idea of your condition.
These questions include:
- When were you diagnosed with Myelodysplastic syndrome?
- What MDS subtype do you have?
- What kind of treatment do you take?
- What medications are you taking for your condition?
- Are you in remission?
- How long have you been in remission?
- Have you experienced any relapse?
- What symptoms did you experience in the last six months?
- What other medical conditions do you have?
It is important to be completely honest in answering these questions. The more information you provide, the better your chances of finding affordable coverage.
UNDERWRITING BURIAL INSURANCE FOR MYELODYSPLASTIC SYNDROME
Underwriting is the process used by life insurance providers to determine your level of risk.
The company will ask about your health and perform an electronic prescription history check to verify your answers to the health questions and validate your health condition. You will find every burial insurance company asks about MDS and cancer in different ways.
Here are the most common ways myelodysplastic syndromes or blood cancer will be asked in the health questionnaire:
- Do you currently have any type of cancer?
- Have you been advised by a doctor to have treatment for cancer?
- In the last two years, have you been diagnosed with cancer or received chemotherapy or radiation therapy for cancer?
- During the previous two years, have you been treated for any internal cancer?
Since the myelodysplastic syndrome is a form of blood cancer, you will need to answer “yes” to the cancer question.
Having MDS or blood cancer disqualifies you from getting a traditional term or whole life insurance.
Burial insurance is often the best option for people who have MDS or blood cancer.
PRESCRIPTION HISTORY CHECK
Burial insurance with underwriting (health questions) also performs an electronic prescription history check to see what medications you take for myelodysplastic syndrome.
Here’s a list of drugs used to treat MDS:
- Filgrastim (Neupogen)
- Azacitidine (Vidaza)
- Decitabine (Dacogen)
- Cytarabine (Cytosar-U)
- Daunorubicin (Cerubidine)
- Idarubicin (Idamycin)
- Lenalidomide (Revlimid)
If you have filled any of these drugs within the last 24 months, burial insurance companies will assume that you are undergoing treatment for myelodysplastic syndrome or blood cancer.
MYELODYSPLASTIC SYNDROME HAS A 2 YEAR LOOK BACK PERIOD
Every burial insurance company has a two-year look-back period on blood cancer. You will not find an insurance company that asks about this condition within the last 12 months.
If you have MDS or cancer of the blood within the last two years, you will be subject to a higher premium and a waiting period.
If you were diagnosed with myelodysplastic syndrome, many insurance companies would require you to be in complete remission for at least two years.
It is possible to apply and get an insurance coverage after two years of successful treatment. . The longer you have been in remission for myelodysplastic syndrome the more positive life insurance companies will consider your application.
POLICY OPTIONS FOR MYELODYSPLASTIC SYNDROME
IF YOU ARE CURRENTLY TREATING YOUR MDS (LESS THAN 2 YEARS)
Unfortunately, anyone who is currently undergoing treatment for myelodysplastic syndrome will find that they will not qualify for a traditional term or whole life insurance until they have been in remission for a minimum of two years.
MDS Treatment may include:
- Immunosuppressant treatment: this includes drugs to reduce the activity of the immune system which allows the bone marrow to make blood cells.
- Supportive treatment: Options include blood transfusion, growth factor drugs, antibiotics and drugs to get rid of excess iron
- Chemotherapy: For patients who are at a higher risk of developing acute myeloid leukemia.
- Bone marrow transplant.
If you are currently diagnosed with MDS or presently treating your condition with any of the above treatments, most life insurance companies will flat out decline your application.
However, some final expense insurance companies offering non-medical exam policies will accept you.
Your best and lowest cost option for insurance coverage if you have MDS is to take out a guaranteed issue (GI) burial insurance policy.
A GI policy has no medical exam and no health questions. You will qualify for a guaranteed acceptance policy if you are 50 to 85 years old. You will be approved without them inquiring about your current health.
A guaranteed issue burial insurance policy with no-exam and no-questions is the best choice for myelodysplastic syndrome patients who will not get through medical underwriting.
Many insurance companies offer this plan; the only difference is the amount of premium. You will find that most companies provide affordable guaranteed acceptance policy and they will not ask about your current MDS diagnosis.
Guaranteed issue burial insurance will pay 100% of your death benefit if you die on an accident. But you need to live for two years before they will pay for a natural cause of death.
If you die within the two-year waiting period, the company will only refund all your premiums plus 10% interest. After the two-year waiting period, you will be fully covered, and your beneficiaries will receive your full death benefit if you die for any reason.
IF YOU ARE IN REMISSION FOR 2 YEARS
If you have been in remission or without symptoms for two years or longer, you have better insurance options.
Most burial insurance companies have a two-year look-back period on blood cancer.
This is a simplified issue burial insurance with no medical exams and few health questions to answer.
Your death benefit is fixed and will remain the same throughout the duration of the policy. Your beneficiary will receive the full death benefit payout whenever you pass away for any reason.
A level death benefit insurance policy is generally cheaper than guaranteed issue burial insurance.
We always try to get our clients level death benefit plan as possible if no other medical issues will disqualify them for this plan. Sometimes this is not possible especially if your MDS diagnosis is very recent or the treatment is less than two years.
CANCER FREE FOR THREE YEARS OR LONGER
If you’ve been in remission or cancer-free for more than two years, you have the best options.
It is uncommon for any burial insurance carriers to ask about myelodysplastic syndrome or cancer of the blood beyond the two-year mark. You will now qualify for level death benefit with no waiting period on most burial insurance companies, and you got to pick the best plan at the lowest rate.
Getting burial insurance if you have a myelodysplastic syndrome or pre-leukemia is definitely possible. It’s always better to work with a qualified burial insurance agency like Funeral Funds that will do the work for you.
We specialize in helping MDS or blood cancer patients, and survivors get the burial insurance policy they need.
We represent lots of insurance companies, and we will be able to compare prices to get you the best deal. Utilizing our services is free, and we promise to get you the lowest insurance premium possible.
HOW CAN FUNERAL FUNDS HELP ME?
Trying to find a policy if you have a myelodysplastic syndrome or MDS 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 myelodysplastic syndrome, 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 myelodysplastic syndrome funeral insurance, or myelodysplastic syndrome burial insurance, or myelodysplastic syndrome 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.