2024 Burial Insurance with Colorectal Cancer
last updated on March 26, 2024If you’ve been looking to buy burial insurance with colorectal cancer, it’s important to understand that burial insurance, funeral insurance, or final expense insurance is possible since colorectal cancer is curable.
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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.
In this article, we’re going to focus on how colorectal cancer affects life insurance eligibility and what you can do to have the highest chance of approval.
FOR EASIER NAVIGATION:
- What Is My Best Insurance Option If I Have a History of Colorectal Cancer?
- What Types of Burial Insurance Should I Avoid?
- What Type of Burial Insurance Is Best?
- If I Have Colorectal Cancer, Do I Need a Medical Exam to Qualify for Burial Insurance?
- Burial Insurance Underwriting If You Have Colorectal Cancer
- How Much Insurance Do I Need If I Have Colorectal Cancer?
- How Should I Pay My Premiums?
- Colorectal Cancer and Burial Insurance Riders
- Information We Need if You Have Colorectal Cancer
- Benefits of Burial & Funeral Insurance
- Other Common Uses for Final Expense Life Insurance with Colorectal Cancer
- How Can Funeral Funds Help Me?
- Additional Questions & Answers On Burial Insurance With Colorectal Cancer
What Is My Best Insurance Option If I Have A History Of Colorectal Cancer?
CANCER-FREE FOR 24 MONTHS OR LONGER
If you have finished colorectal cancer treatment and are now cancer-free, you will have the best options. Since it’s been more than 24 months since your last treatment, you can now honestly answer “NO” to the cancer question in the application.
If this is your case, you can be eligible for a level death benefit plan with first-day coverage. It means you are 100% covered from the first day, and you will not have a waiting period on your policy.
Best Option: Level Death Benefit
CANCER OR UNDERGOING TREATMENT IN THE LAST 24 MONTHS
If you are currently diagnosed with colorectal cancer or still undergoing any of these treatments for less than 24 months, you will be eligible for guaranteed issue whole life insurance with a 2-year waiting period.
You don’t need to endure a medical exam or answer health questions to qualify for guaranteed issue whole life insurance. If you have colorectal cancer, you can quickly get approved for this plan if you are a U.S. citizen between the age of 50 and 80.
Best Option: Guaranteed Issue Burial Insurance
WHY DO YOU NEED GUARANTEED ISSUE BURIAL INSURANCE IF YOU’RE CURRENTLY DIAGNOSED WITH COLORECTAL CANCER OR UNDERGOING TREATMENT?
If you’re currently undergoing cancer treatment, your best option is a two-year waiting period policy.
If you try to wait two years to get better life insurance options, any changes to your health may disqualify you for a level death benefit plan with first-day coverage, and a guaranteed issue policy will be your only option for coverage.
If you purchase guaranteed acceptance burial insurance now, you start working on the waiting period immediately. Whatever happens to your health in the future, you have insurance coverage in place.
A guaranteed issue policy may be more expensive than a first-day coverage plan, but your approval is guaranteed regardless of your colorectal cancer. Purchasing a GI policy is worth it in the long run. You will not lose any money with this plan because your premiums will be returned with interest.
If a guaranteed issue whole life insurance is your only option for coverage because of your recent colorectal cancer diagnosis or treatment, apply now, and start working on your waiting period.
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 Colorectal 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 with colorectal cancer.
When you apply for burial insurance, you only have to answer some 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 Colorectal Cancer
To get the lowest life insurance premium, we always advise applicants to apply for underwriting or plans with health questions.
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:
You will typically see colorectal – colon or rectal cancer ask in two different sections of the application. You will see the cancer question in the “knockout” and the “graded” section of the health questions.
Here are some examples of cancer questions you will see on the application:
- Have you ever had or been diagnosed with more than one occurrence of the same or different type of cancer; or do you currently have cancer (excluding basal cell skin cancer)?
- Within the past 2 years have you had or been diagnosed with cancer or received or been advised to receive chemotherapy or radiation for cancer?
- During the past 24 months, have you been diagnosed as having or been treated for internal cancer?
Answering YES to any of these cancer questions will limit your life insurance options.
PRESCRIPTION HISTORY CHECK
Aside from the health questions, the insurance companies will also electronically perform a script check or prescription history check to know your health and verify your answer to the health questions on the application.
Common medications for Colorectal Cancer:
- Adrucit (Fluorouracil)
- Avastin (Bevacizumab)
- Camptosar (Irinotecan)
- Eloxatin (Oxaliplatin)
- Erbitux (Cetuximab)
- Khapzory (Levoleucovorin)
- Leucovorin Calcium
- Lonsurf (Trifluridine)
- Mvasi (Bevacizumab)
- Stivarga (Regorafenib)
- Vitrakvi (Larotrectinib)
- Xeloda (Capecitabine)
- Zaltrap (Ziv-aflibercept)
The presence of any of these drugs in your prescription history will indicate to the insurer that you are taking treatments for colorectal cancer.
WHEN WERE YOU LAST TREATED?
Every burial insurance company asks about colorectal cancer within a minimum of 24 months. You fall under the higher risk category if you are currently diagnosed with cancer or undergoing any cancer treatment.
Common colorectal cancer treatments include:
- Surgery
- Laparoscopic surgery
- Colostomy for rectal cancer
- Radiofrequency ablation
- Radiation therapy
- Chemotherapy
- Targeted therapy
- Immunotherapy
EFFECTS OF COLORECTAL CANCER ON LIFE INSURANCE ELIGIBILITY
If you currently have colon cancer and receiving treatment for your condition, life insurance coverage is possible. However, you may need to pay a bit more and have a waiting period on your policy. A waiting period is unavoidable since no life insurance company would offer you immediate coverage due to your current health situation.
Your ability to qualify for life insurance with a history of colorectal cancer depends on the following factors:
- Date of your initial colorectal cancer diagnosis
- How long has passed since your colon cancer removal surgery
- What prescription drugs are you currently taking
If you’ve been cancer-free for more than two years, you may qualify for the best plan with the lowest rate. The longer it has been since you beat cancer, the better off you are at securing first-day insurance coverage.
Whatever your current colorectal cancer situation, you can qualify for affordable burial, funeral, or final expense insurance coverage.
How Much Insurance Do I Need If I Have Colorectal 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.
Colorectal 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 Colorectal Cancer
When you request a quote from us, we will ask you a few health questions to better understand your past and current health condition.
- When were you diagnosed with colorectal cancer?
- What stage is your colorectal cancer?
- Did you have a history of colon polyps, ulcerative colitis, irritable bowel syndrome, or Crohn’s disease?
- Do you have a family history of cancer?
- What types of cancer treatment did you undergo?
- Did you have any complications from treatment?
- What cancer medications are you taking?
- Do you have other health issues aside from colorectal cancer?
- Do you have polyps after successful treatment?
- Have you been in remission? How long?
This information will give you a basic idea of what type of plan 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 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 Colorectal Cancer
All of these examples are appropriate uses for Final Expense Life Insurance:
- Burial insurance plan with colorectal cancer
- Cremation insurance plan with colorectal cancer
- Funeral home insurance plan with colorectal cancer
- Final Expense insurance plan with colorectal cancer
- Prepaid funeral plan insurance with colorectal cancer
- Mortgage payment protection plan with colorectal cancer Mortgage payoff life insurance plan with colorectal cancer
- Deceased spouse’s income replacement plan with colorectal cancer
- Legacy insurance gift plan to family or loved ones with colorectal cancer
- Medical or doctor bill life insurance plan with colorectal 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 colorectal 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 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 anymore 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 if you are looking for a colorectal cancer funeral, burial, or 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 Colorectal Cancer
Can you get life insurance if you have colorectal cancer?
Yes, you can still get life insurance if you have colorectal cancer. You may even qualify for a first-day coverage plan if you’ve been cancer-free for two years or longer.
Is colorectal cancer a pre-existing condition for life insurance?
Yes, colorectal cancer is a pre-existing condition for life insurance.
Do I need to tell insurance about colorectal cancer?
Yes, you need to tell your life insurance company about any cancer diagnosis. This is because cancer is considered a pre-existing condition and may impact your rates or eligibility for coverage.
What are the rates for life insurance with colorectal cancer?
The rates for life insurance with colorectal cancer vary based on many factors, including your age, health, and the company you choose.
Can a person with colorectal cancer get burial insurance?
Yes, a person with colorectal cancer can get burial insurance. In fact, many life insurance companies offer first-day coverage plans for those who have been cancer-free for two years or longer.
Do I need to take a medical exam if I have colorectal cancer?
No, you do not need to take a medical exam if you have colorectal cancer. However, the insurance company may require you to provide information about your diagnosis and treatment.
Is there an age limit for burial insurance with colorectal cancer?
You can get burial insurance until 85 years old.
Can colorectal cancer be considered a critical illness in life insurance?
Yes, colorectal cancer can be considered a critical illness in life insurance. This means that if you were to die from cancer, your beneficiaries would receive a payout from the insurance company.
Is colorectal cancer considered a terminal illness?
Yes, colorectal cancer is considered a terminal illness. This means that cancer will eventually cause death.
Can you get first-day coverage insurance if you have colorectal cancer?
Yes, you can get first-day coverage insurance if you have colorectal cancer. Many life insurance companies offer this type of coverage to those who have been cancer-free for two years or longer.
What are the things that may affect my eligibility if I have colorectal cancer?
There are many things that may affect your eligibility if you have colorectal cancer, including the stage of cancer, your age, and your health.
What is the life expectancy after colorectal cancer?
The life expectancy after colorectal cancer varies based on many factors, including cancer stage and your health. However, most people who are diagnosed with colorectal cancer survive for at least five years.
Which insurance is best for patients with colorectal cancer?
The best insurance for patients with colorectal cancer depends on the individual’s needs and situation. Some people may prefer a life insurance company specializing in cancer coverage, while others prefer a company with lower rates.
Is colorectal cancer a disability?
No, colorectal cancer is not a disability.
Is there a waiting period for life insurance if you have colorectal cancer?
There may be a waiting period for life insurance if you have colorectal cancer. This waiting period is typically two years, but it varies based on the company and plan that you choose
Can I qualify for cremation insurance with a history of colorectal cancer?
Yes, you can qualify for cremation insurance with a history of colorectal cancer. In fact, many life insurance companies offer first-day coverage plans for those who have been cancer-free for two years or longer.
How do you get life insurance after cancer diagnosis?
There are many ways to get life insurance after a cancer diagnosis. You can either purchase a policy directly from an insurance company or through an agent life Funeral Funds.
What is my best insurance option if I have colorectal cancer?
If you have colorectal cancer, your best insurance option depends on your individual needs and situation.
Is colorectal cancer fatal in life insurance?
Yes, colorectal cancer is considered a fatal illness in life insurance. This means that if you were to die from cancer, your beneficiaries would receive a payout from the insurance company.
Can you be denied insurance for colorectal cancer?
Yes, you can be denied insurance for colorectal cancer. This is because the insurance company may consider cancer to be a high-risk illness.
Do I need to disclose my colorectal cancer history when getting life insurance?
Yes, you will likely need to disclose your colorectal cancer history when getting life insurance. This is because the company will likely consider cancer to be a high-risk illness.
Is there a waiting period for life insurance with colorectal cancer?
There may be a waiting period for life insurance with colorectal cancer diagnosis or treatment within the last 2 years. This waiting period is typically two years, but it varies based on the company you choose.
Can I get life insurance if I’m in remission from colorectal cancer?
Yes, you can get life insurance if you’re in remission from colorectal cancer. However, you may need to provide proof of remission to the insurance company.
Can I get life insurance if I have a family history of colorectal cancer?
Yes, you can get life insurance if you have a family history of colorectal cancer. In fact, many life insurance companies offer coverage for those who have a history of cancer in their family.
Can colorectal cancer affect your life insurance rates?
Yes, colorectal cancer can affect your life insurance rates. This is because the insurance company may consider cancer to be a high-risk illness.
Can colorectal cancer medication affect my premium?
Yes, colorectal cancer medication can affect your premium. This is because the insurance company may consider cancer to be a high-risk illness.
What are the premiums for burial insurance with colorectal cancer?
The premiums for burial insurance with colorectal cancer vary based on your age, gender, location, coverage amount, health, and the company you choose.
What is the average cost of life insurance for someone with colorectal cancer?
The average cost of life insurance for someone with colorectal cancer varies based on your age, gender, location, coverage amount, health, and the company you choose.
Can colorectal cancer patients get final expense insurance?
Yes, colorectal cancer patients can get final expense insurance. In fact, many life insurance companies offer coverage for those who have a history of cancer in their family.
Is colorectal cancer covered by a critical illness rider?
Yes, colorectal cancer is covered by a critical illness rider. This means that if you were to develop cancer, you would receive a payout from the insurance company.
Can colorectal cancer affect life insurance?
Yes, colorectal cancer can affect life insurance. This is because the insurance company may consider cancer to be a high-risk illness.
Can you be rejected for life insurance because of colorectal cancer?
Yes, you can be rejected for life insurance because of colorectal cancer. This is because the insurance company may consider cancer to be a high-risk illness.
How can you get the best life insurance rates with colorectal cancer?
The best way to get the best life insurance rates with colorectal cancer is to work with an independent insurance agent from Funeral Funds who can price shop for you and recommend the one offering the best rates.
What is the best insurance option for people with colorectal cancer?
The best insurance option for people with colorectal cancer is life insurance. This is because it offers coverage for those who have a history of cancer in their family.
What are the best life insurance companies for colorectal cancer?
The best life insurance companies for colorectal cancer vary based on your location, age, gender, coverage amount, health, and the company you choose.
What are some tips for getting life insurance with colorectal cancer?
Some tips for getting life insurance with colorectal cancer include providing proof of treatment to the insurance company, working with an independent insurance agent, and choosing a company that offers coverage for those who have a history of cancer in their family.
