2024 Burial Insurance after Prostate Cancer
last updated on July 22, 2024Affordable burial insurance after prostate cancer is available for survivors of prostate cancer. Many life insurance providers will willingly accept you even if you have a past prostate cancer diagnosis.
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Current Cancer is a life-threatening health condition, and there are no insurance companies that offer 1st-day coverage to cancer patients undergoing current treatment.
We recommend current cancer patients purchase a guaranteed issue life insurance that asks no health questions but does come with a 2-year waiting.
This article will show you how insurance companies respond to your individual medical concerns, what your options for coverage are, and how to find the best burial policy at the lowest rate.
FOR EASIER NAVIGATION:
- What Is My Best Insurance Option If I Have a History of Prostate Cancer?
- What Types of Burial Insurance Should I Avoid?
- What Type of Burial Insurance Is Best?
- If I Have Prostate Cancer, Do I Need a Medical Exam to Qualify for Burial Insurance?
- Burial Insurance Underwriting If You Have Prostate Cancer
- How Much Insurance Do I Need If I Have Prostate Cancer?
- How Should I Pay My Premiums?
- Prostate Cancer and Burial Insurance Riders
- Information We Need if You Have Prostate Cancer
- Benefits of Burial & Funeral Insurance
- Other Common Uses for Final Expense Life Insurance with Prostate Cancer
- How Can Funeral Funds Help Me?
- Additional Questions & Answers On Burial Insurance With Prostate Cancer
What Is My Best Insurance Option If I Have A History Of Prostate Cancer?
YOU’VE BEEN CANCER-FREE FOR MORE THAN 24 MONTHS
If you have finished prostate cancer treatment and have been cured for more than 24 months, you have access to the best prostate cancer burial insurance options.
If it’s been more than 24 months since your last cancer treatment, you can now honestly answer “NO” to the cancer question in the application. You can now be eligible for a level death benefit plan with first-day coverage to those life insurance providers that only have a two-year look-back period on prostate cancer.
You will have full coverage from the first day and will not have a waiting period on your plan. If you pass away due to any reason, your beneficiary will receive 100% of your death benefit amount.
Best Option: Level death benefit plan with first-day coverage
PROSTATE CANCER HAS A TWO-YEAR LOOKBACK PERIOD
If you have prostate cancer or are in remission, most life insurance companies would require you to be done with treatment and in complete remission for a minimum of two years before they offer you a policy with first-day coverage.
The longer you have been cancer-free, the more positive life insurance providers will consider your application.
IF YOU’VE BEEN DIAGNOSED OR TREATED IN THE LAST 24 MONTHS
Prostate cancer treatments on an insurance application:
There are different types of prostate cancer treatments that the insurance companies consider before offering you a plan and approving your application for coverage:
A few of these medical treatments are:
- Prostate Cancer Treatments
- Biological therapy
- Castration
- Castration (chemical)
- Chemotherapy
- Cryosurgery or Cryoablation
- External beam radiation
- Hormone therapy
- Radiation therapy.
- Radical prostatectomy
- Transurethral prostatectomy
If you are going through any of these treatments, you will be considered a prostate cancer patient.
Every life insurance company generally asks about prostate cancer within a minimum period of 24 months, so guaranteed issue life insurance would be your ideal choice in this case.
These are the instances where guaranteed issue life insurance is your best option:
- Currently diagnosed with prostate cancer
- Current surgery to remove prostate cancer
- PSA of 1.0 or higher after surgery
- Hormonal therapy after surgery
- Gleason score of 8 or higher
- Stage T2c or greater
- Any recurrence of prostate cancer
You don’t have to submit to a medical exam or answer any questions about your health to qualify for guaranteed issue life insurance. If you have a current diagnosis of prostate cancer, you can quickly get this plan if you are between the ages of 50 and 85 and a U.S. citizen.
Guaranteed issue final expense insurance offers insurance coverage despite a prostate cancer diagnosis, but it has a two-year waiting period for natural causes of death.
However, this plan will pay 100% of your death benefit if you die from an accident during the waiting period. If you die within the first two years, the company will refund all your premiums to your beneficiary plus 10% interest.
After the two-year waiting period, you are 100% covered, and your beneficiary will receive your full death benefit if you pass away for any reason.
Best Option: Guaranteed Issue Burial Insurance
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 Prostate Cancer, 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 after prostate cancer.
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 Prostate Cancer
You must apply for a final expense plan with underwriting if you want first-day coverage and access to the lowest premium.
Burial insurance companies have two ways of underwriting:
FIRST – They may ask you a series of health questions. Your answers to their questions will determine your eligibility.
SECOND – They will electronically review your prescription history to verify your health.
HEALTH QUESTIONS
Each burial insurance company has its own set of health questions.
You will typically see prostate cancer questions in two different sections of the application. It will be asked in the “knockout” part and the “graded” section.
Here are the most common ways prostate cancer will be asked in the health questionnaire:
- In the last 24 months, have you been diagnosed with prostate cancer or been advised to receive chemotherapy or radiation for cancer?
- Have you been treated for internal cancer in the previous two years?
- In the last three years, have you received treatment for any internal cancer?
- In the past 3 years, have you been diagnosed with cancer or received chemotherapy or radiation treatment for cancer?
Answering “yes” to any of these cancer questions will limit your life insurance options.
PRESCRIPTION HISTORY CHECK
Aside from the health questionnaire, the insurance companies will also electronically check your prescription history to know your current health and verify your answer to the health question.
The information they will get from your prescription history check includes:
- Name of your medications
- Dates they were prescribed
- Quantity or dosage taken
- Frequency took each day
Insurance providers are also looking for particular drugs that will indicate high-risk applicants.
If you are taking any of the following medications:
- Casodex
- Flutamide
- Eligard
- Lupron
- Niladron
- Trelstar
- Vantas
- Zoladex
- Zytiga
Taking any of these medications will show the insurance company that you are a prostate cancer patient and will classify you as a high-risker applicant.
EFFECTS OF PROSTATE CANCER ON LIFE INSURANCE ELIGIBILITY
Life insurance companies know that prostate cancer typically grows very slowly and may only need minimal treatment. Although some types are aggressive and will quickly spread to other parts of the body, prostate cancer must be detected early for the patient to have a better chance of successful treatment.
Factors that may affect prostate cancer and burial insurance eligibility:
- The stage and grade of prostate cancer
- The age at the time of diagnosis
- The type of treatment you are undergoing
- The time when treatment was completed
- Relapses if there are any
- Your general health
The insurance company will look at all these factors to determine how much of a risk you present. The higher the risk you are, the higher your premium will be, and there may be a waiting period on your plan.
Affordable life insurance coverage is now available to prostate cancer patients and survivors.
If your cancer is successfully treated and you have been in remission for 24 months, you have the highest chance of qualifying for the best plan at the lowest rate.
How Much Insurance Do I Need If I Have Prostate Cancer?
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.
Prostate Cancer 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 Prostate Cancer
When you request a burial insurance quote from us, we will ask you a few health questions to get a good idea of your past and current health condition.
- When were you diagnosed with prostate cancer?
- What was the stage of your prostate cancer?
- What is your method of treatment?
- What medications are you taking for prostate cancer?
- Has there been any evidence of recurrence?
- Are you in remission now?
- How long have you been in remission from prostate cancer?
- Have you experienced any relapses?
- Do you have other medical conditions other than prostate cancer?
Your answers to these prostate cancer questions will help us determine the type of life insurance policy you qualify for and how much you will pay for 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 if 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 Prostate Cancer
All of these examples are appropriate uses for Final Expense Life Insurance:
- Burial insurance plan after prostate cancer
- Cremation insurance plan after prostate cancer
- Funeral home insurance plan after prostate cancer
- Final Expense insurance plan after prostate cancer
- Prepaid funeral plan insurance after prostate cancer
- Mortgage payment protection plan after prostate cancer
- Mortgage payoff life insurance plan after prostate cancer
- Deceased spouse’s income replacement plan after prostate cancer
- Legacy insurance gift plan to family or loved ones after prostate cancer
- Medical or doctor bill life insurance plan after prostate cancer
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 a policy if you have prostate cancer needn’t be frustrating; working with an independent agency like Funeral Funds will make the process easier and quicker.
We will work with you every step to find the plan that fits your financial requirements and budget. You don’t have to waste your precious time searching for multiple insurance companies because we will do the dirty work for you.
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 prostate cancer funeral insurance, prostate cancer burial insurance, or prostate 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.
Additional Questions & Answers On Burial Insurance With Prostate Cancer
Can I get life insurance if I had prostate cancer?
Yes, you can get life insurance if you have prostate cancer. You can even qualify for a first-day coverage plan if you’ve been cancer-free for two years or longer.
Can you get first-day coverage insurance if you have prostate cancer?
Yes, you can get first-day coverage insurance if you have been cancer-free for two years or longer. This means that your life insurance policy will not exclude coverage for prostate cancer. You may want to check with the insurer to see if any other pre-existing conditions would exclude you from coverage.
Is prostate cancer a pre-existing condition for life insurance?
Yes, prostate cancer is a pre-existing condition for life insurance. You’ll need to check with the insurer to see if any other pre-existing conditions would exclude you from coverage.
Can prostate cancer be considered a critical illness in life insurance?
Yes, prostate cancer can be considered a critical illness in life insurance. Your life insurance policy will pay out a lump sum benefit if you are diagnosed with prostate cancer. The benefit can cover medical expenses, lost income, or any other expenses associated with your diagnosis.
Is prostate cancer a disability?
No, prostate cancer is not a disability. However, you may be eligible for long-term care insurance if you have prostate cancer. This type of insurance will help pay for your care if you cannot care for yourself.
I have prostate cancer, can I get life insurance?
Yes, you can get life insurance if you have prostate cancer. You can even qualify for a first-day coverage plan if you’ve been cancer-free for two years or longer.
Do I need to tell insurance about prostate cancer?
Yes, you need to tell your insurance company about your prostate cancer diagnosis. Failure to do so could result in your policy being void.
Do I need to take a medical exam if I have prostate cancer?
No, you don’t need to take a medical exam if you have prostate cancer. However, the insurance company may require you to complete a health questionnaire.
How much will my premiums increase if I have prostate cancer?
Your premiums will likely increase if you have prostate cancer. The increase will depend on the insurance company and the type of policy you have.
What are the chances of getting life insurance if you have prostate cancer?
The chances of getting life insurance if you have prostate cancer depend on the insurance company and your policy type. Some insurers may not offer coverage to individuals with a history of cancer, while others may charge higher premiums.
Can a person with prostate cancer get burial insurance?
Yes, a person with prostate cancer can get burial insurance. This type of insurance will help pay for your funeral and other end-of-life expenses.
What is the best life insurance for someone with prostate cancer?
The best life insurance for someone with prostate cancer is a first-day coverage plan. You can qualify for this plan if you have been cancer-free for two years or longer.
Which insurance is best for patients with prostate cancer?
There is no one “best” insurance for patients with prostate cancer. The best insurance for you will depend on your individual needs and circumstances. You should consult with an insurance agent or broker to find the best policy for you.
My husband has prostate cancer, can I get life insurance for him?
Yes, you can get life insurance for your husband if he has prostate cancer. You’ll need to check with the insurer to see if any other pre-existing conditions would exclude him from coverage.
What is the average cost of life insurance for someone with prostate cancer?
The average cost of life insurance for someone with prostate cancer depends on his age, gender, location, coverage amount, and general health.
What are the things that may affect my eligibility if I have prostate cancer?
Several things may affect your eligibility if you have prostate cancer. These include your diagnosis, treatment, medications, and the time that you’ve been cancer-free.
Can you be denied insurance for prostate cancer?
Yes, you can be denied insurance for prostate cancer. Some life insurance companies may deny your application for coverage if you’ve been recently diagnosed with cancer and undergoing treatment.
How long do I have to wait to get life insurance after being diagnosed with prostate cancer?
The waiting period for life insurance after being diagnosed with prostate cancer depends on the insurer and the type of policy you have. Some insurers want you to be cancer-free for two years before they issue a policy.
Can I qualify for cremation insurance with a history of prostate cancer?
Yes, you can qualify for cremation insurance with a history of prostate cancer. This type of insurance will help pay for your funeral and other end-of-life expenses.
Is there a waiting period for life insurance with prostate cancer?
The waiting period for life insurance with prostate cancer depends on the insurer and your policy type. Some insurers want you to be cancer-free for two years before they issue a policy.
What is the average cost of life insurance for someone with prostate cancer?
The average life insurance cost depends on age, gender, location, coverage amount, and health.
What is my best insurance option if I have prostate cancer?
The best insurance option for people with prostate cancer is a first-day coverage plan. You can qualify for this plan if you’ve been cancer-free for two years or longer.
Can prostate cancer patients get final expense insurance?
Yes, you can get final expense insurance if you have prostate cancer. This type of insurance will help pay for your funeral and other end-of-life expenses.
How much does life insurance cost for someone with prostate cancer?
The cost of life insurance for someone with prostate cancer depends on his age, gender, location, coverage amount, and general health.
Can surgery affect my insurance eligibility?
Yes, surgery can affect your insurance eligibility. If you’ve had surgery to remove your prostate, some insurers may consider you a higher risk and deny your application for coverage.
Can prostate cancer affect your life insurance rates?
Yes, prostate cancer can affect your life insurance rates. Some insurers will consider you a higher risk if you’ve been diagnosed with cancer and charge you higher premiums.
How long does insurance cover prostate cancer?
Most life insurance policies will cover you for your lifetime, as long as you continue to pay your premiums.
Can prostate cancer medication affect my premium?
Yes, the cost of your prostate cancer medication can affect your premium. If you’re taking medication to treat your cancer, some insurers may consider you a higher risk and charge you higher premiums.
Is there an age limit for burial insurance with prostate cancer?
If you are 18-85 years old. You can apply for burial insurance.
What are some tips for getting life insurance with prostate cancer?
Here are some tips for getting life insurance with prostate cancer:
- Shop around at Funeral Funds and compare rates from different insurers.
- Be honest about your medical history and disclose all information about your cancer.
- Choose a policy with a death benefit that will cover your final expenses.
- Talk to an insurance agent or broker to find your best policy.
Can prostate cancer affect life insurance?
Yes, prostate cancer can affect life insurance. If you’ve been diagnosed with cancer, some insurers will consider you to be a higher risk and charge you higher premiums.
Can you be rejected for life insurance because of prostate cancer?
Yes, you can be rejected for life insurance because of prostate cancer. If you’ve been diagnosed with cancer, some insurers may consider you a high risk and deny your application for coverage.
What are the chances of getting life insurance with prostate cancer?
The chances of getting life insurance with prostate cancer depend on your cancer’s severity, age, and overall health. If you’ve been diagnosed with cancer, some insurers may consider you to be high risk and deny your application for coverage.
What are the best life insurance companies for prostate cancer?
The best life insurance companies for prostate cancer are those that offer policies with first-day coverage. You can qualify for this type of policy if you’ve been cancer-free for two years or longer.
Can you qualify for funeral insurance if you have prostate cancer?
Yes, you can qualify for funeral insurance if you have prostate cancer. This type of insurance will help pay for your funeral and other end-of-life expenses.
How can you get the best life insurance rates with prostate cancer?
The best way to get the best life insurance rates for prostate cancer is to work with an independent insurance agent from Funeral Funds to help you compare rates from different insurers. Be sure to disclose all information about your cancer, as this will help you get the most accurate quote.
What are some things to keep in mind when getting life insurance with prostate cancer?
Some things to keep in mind when getting life insurance with prostate cancer include:
- Be honest about your medical history and disclose all information about your cancer.
- Choose a policy with a death benefit that will cover your final expenses.
- Talk to an insurance agent or broker to find your best policy.
