Burial Insurance after Prostate Cancer

Man Thinking About Burial Insurance after Prostate Cancer

Affordable 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.

IMPORTANT: If you are currently being treated for cancer, you will only qualify for a guaranteed issue burial insurance with a two-year waiting period.

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?

YOU’VE BEEN CANCER FREE FOR MORE THAN 24 MONTHS 

If you have finished prostate cancer treatment and are 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 you 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:

  1. Prostate Cancer Treatments
  2. Biological therapy
  3. Castration
  4. Castration (chemical)
  5. Chemotherapy
  6. Cryosurgery or Cryoablation
  7. External beam radiation
  8. Hormone therapy
  9. Radiation therapy.
  10. Radical prostatectomy
  11. Transurethral prostatectomy

If you are going through any of these treatments, you will be considered as 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 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 PLANFEATURES
1st Day CoverageYES
Lifetime CoverageYES
Rates NEVER IncreaseYES
Coverage NEVER DecreasesYES
Easy To Get ApprovedYES
FUNERAL FUNDS INSURANCE BENEFITS 
Rates Never IncreaseYes
Coverage Never DecreasesYes
No Medical ExamYes
Same Day ApprovalYes
Death Claims Pay FastYes
Builds cash valueYes
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 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 PROSTATE CANCER

If you want to get first-day coverage and access the lowest premium, you must apply for a final expense plan that has underwriting.

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 have their 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?
  • In the previous two years, have you been treated for any internal cancer?
  • 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 taken each day

Insurance providers are also on the lookout 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 they 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 are 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$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


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 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 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.

  1. When were you diagnosed with prostate cancer?
  2. What was the stage of your prostate cancer?
  3. What is your method of treatment?
  4. What medications are you taking for prostate cancer?
  5. Has there been any evidence of recurrence?
  6. Are you in remission now?
  7. How long have you been in remission from prostate cancer?
  8. Have you experienced any relapses?
  9. Do you have other medical condition other than prostate cancer?

Your answers to these prostate cancer questions will help us determine the type of life insurance policy you will 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 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 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?

Trying to find a policy if you have prostate cancer needn’t be a frustrating process; working with an independent agency like Funeral Funds will make the process easier and quicker.

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 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 prostate cancer funeral insurance, or 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.

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