2024 Burial Insurance with Lung Cancer
last updated on April 4, 2024If you are cancer-free but have had lung cancer in the past, burial insurance with lung cancer is available with first-day coverage.
!!! READ THIS FIRST & WATCH VIDEO BELOW !!!
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.
If you’re looking for life insurance after lung cancer, keep reading to find out more about your life insurance options.
FOR EASIER NAVIGATION:
- What Is My Best Insurance Option If I Have a History of Lung Cancer?
- What Types of Burial Insurance Should I Avoid?
- What Type of Burial Insurance Is Best?
- If I Have Lung Cancer, Do I Need a Medical Exam to Qualify for Burial Insurance?
- Burial Insurance Underwriting If You Have Lung Cancer
- How Much Insurance Do I Need If I Have Lung Cancer?
- How Should I Pay My Premiums?
- Lung Cancer and Burial Insurance Riders
- Information We Need if You Have Lung Cancer
- Benefits of Burial & Funeral Insurance
- Other Common Uses for Final Expense Life Insurance with Lung Cancer
- How Can Funeral Funds Help Me?
- Additional Questions & Answers On Burial Insurance With Lung Cancer
What Is My Best Insurance Option If I Have A History Of Lung Cancer?
YOU’RE CANCER-FREE FOR MORE THAN 24 MONTHS
If it’s been more than two years since your last lung cancer treatment, and you are now lung cancer-free. You can now access the best option since most insurance companies only ask about lung cancer in the last two years.
You are now eligible for a level death benefit plan with first-day coverage and no waiting period from those life insurance companies with a two-year lookback period on lung cancer.
Best Option: Level death benefit plan with first-day coverage
DIAGNOSED WITH LUNG CANCER AND UNDERGOING TREATMENT IN THE LAST 24 MONTHS
With a current lung cancer diagnosis or recent treatment, most life insurance companies will only offer you a guaranteed issue burial insurance with a waiting period. A waiting period is unavoidable under this condition.
If you currently have lung cancer or still undergoing treatment, your lowest-cost option is to take a guaranteed issue whole life insurance. You can even get a low premium with only a two-year waiting period.
These are the instances where guaranteed issue whole life insurance is your best option:
- Currently diagnosed with lung cancer
- Currently undergoing treatment
- Current surgery to remove lung cancer
A few of these medical treatments include:
- Surgery – operations performed by doctors to cut out cancer tissues from the lungs.
- Chemotherapy – This treatment uses special medicines to kill cancer. The drugs can be taken orally, through the veins, or sometimes both.
- Radiation therapy – uses high-energy rays or radiation to kill the cancer
- Targeted therapy – use drugs to hinder the growth and spread of cancer cells. The drugs can be taken orally or given through the veins.
- Immunotherapy – uses the immune system to fight cancer.
- Radiosurgery – also known as stereotactic body radiotherapy, uses intense radiation to kill lung cancer cells.
If you are undertaking any of these treatments for the last 24 months, you cannot avoid a waiting period on your plan. You must be done with the treatments for more than two years before qualifying for a first-day coverage plan.
With a guaranteed issue plan, you don’t need to take a medical exam or answer any health questions to qualify. If you have lung cancer, you can quickly get coverage if you are 50-85 years old and a U.S. citizen.
Guaranteed issue final expense insurance has a graded death benefit clause that creates a 2-year waiting period before the death benefit payout will be given in full for the natural cause or non-accidental death.
If you pass away within the first two years or waiting period due to your lung cancer or other illness, the company will refund all your premiums plus 10% interest. If you live beyond the waiting period, 100% of the death benefit would be paid out to your beneficiaries regardless of the cause of your death.
However, this plan will pay 100% of the death benefit if you pass away due to an accident even during the waiting period.
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 Lung 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 lung cancer.
There are two types of lung cancer. These are small cell lung cancer (SCLC), and non-small cell lung cancer (NSCLC).
Factors that may affect Lung cancer burial insurance eligibility:
- Date of diagnosis
- The type of treatment you are undergoing
- The time when treatment was completed
Your initial diagnosis date is the most crucial factor; the more time passed between your diagnosis and application date, the higher the chance of approval.
Additionally, the company will need to know how long you’ve been cancer-free. The type of treatment will also affect the type of plan you will qualify for and how much you will pay.
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 Lung Cancer
If you want to access the lowest premium and get first-day coverage, you must apply for a burial insurance plan with underwriting (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
The most important part of the final expense underwriting is answering the health questions on the application. Each life insurance company has its own set of health questions. You will typically see cancer asked in the knockout section of the application.
- Have you ever had or been diagnosed with more than one occurrence of the same or different type of cancer?
- During the last 24 months, have you been diagnosed by a physician as having or been treated for internal cancer?
Answering “YES” to any of the cancer questions will limit your life insurance options.
PRESCRIPTION HISTORY CHECK
Aside from the health questions, the insurance companies will also electronically check your prescription history to know your health status and verify your response to the health questionnaire.
The information they will get from your prescription history include:
- Name of your medications
- Prescription date
- Dosage or quantity prescribed
- Frequency took each day
Insurance providers are also on the lookout for specific drugs that will indicate you have lung cancer. Here’s a list of common medications for lung cancer that are red flags by most insurance companies:
- Abraxane
- Abstral
- Actiq
- Afinitor
- Alectinib
- Apadaz
- Brigatinib
- Crizotinib
- Docetaxel
- Hycamtin
- Iressa
- Methotrexate
- Opdivo
- Paraplat
- Taxol
- Trexall
Taking any of these prescription medications will indicate to the insurance company that you are a lung cancer patient. Being a lung cancer patient puts you in a higher risk category.
How Much Insurance Do I Need If I Have Lung 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.
Lung 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-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 Lung Cancer
When you request a burial insurance quote, we will ask you some health questions to better understand your past and current medical condition.
These questions may include:
- When were you diagnosed with lung cancer?
- What is the stage and grade of your lung cancer?
- What lung cancer treatments did you have?
- How long did your lung cancer treatment last?
- What medications are you taking?
- Are you currently in remission?
- How long have you been in remission from lung cancer?
- Have you experienced any relapses?
Your answers to these cancer questions will help us determine the type of burial insurance plan you will qualify for and how much premium you will pay.
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 Lung Cancer
All of these examples are appropriate uses for Final Expense Life Insurance:
- Burial insurance plan with lung cancer
- Cremation insurance plan with lung cancer
- Funeral home insurance plan with lung cancer
- Final Expense insurance plan with lung cancer
- Prepaid funeral plan insurance with lung cancer
- Mortgage payment protection plan with lung cancer
- Mortgage payoff life insurance plan with lung cancer
- Deceased spouse’s income replacement plan with lung cancer
- Legacy insurance gift plan to family or loved ones with lung cancer
- Medical or doctor bill life insurance plan with lung 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 lung 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 lung cancer funeral insurance, or lung cancer burial insurance, or lung 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 Lung Cancer
Can I get life insurance with lung cancer?
Yes, you can get life insurance if you have had lung cancer. Many of the insurance companies we work with at Funeral Funds offer insurance coverage to people with a past cancer history. If you’ve been cancer-free for more than 24 months, you may even qualify for a first-day coverage plan with some insurance companies.
Can you get life insurance with cancer diagnosis?
Yes, you can get life insurance if you have a recent cancer diagnosis or treatment. However, your options are limited. Most life insurance companies have asked about cancer in the last two years. If you have had a cancer diagnosis in the last 24 months, you will only qualify for guaranteed issue life insurance.
Can lung cancer patients take burial insurance?
Yes, lung cancer patients can take burial insurance. You can qualify for burial insurance if you are 50-85 years old. If you’ve been cancer-free for two years and longer, you can even qualify for a first-day coverage plan without a waiting period.
What is my best insurance option if I have lung cancer?
If you’ve been lung cancer-free for two years or longer, your best insurance option is a first-day coverage plan with no waiting period. If you’ve been recently diagnosed with lung cancer and undergoing treatment in the last 24 months, your best insurance option is to get guaranteed issue life insurance.
Do I need to take medical exam to qualify for burial insurance with lung cancer?
No, you don’t need to take a medical exam to qualify for burial insurance with lung cancer. Many insurance companies offer no medical exam insurance to people with lung cancer.
How does lung cancer affect life insurance?
Recent lung cancer diagnosis and treatment may affect your life insurance eligibility. Most insurance companies offering first-day coverage plans will refuse to accept people with recent lung cancer diagnoses and treatment.
Do I need to tell life insurance about lung cancer?
Yes, you have to tell the life insurance companies about your lung cancer. Life insurance companies want to know more about your medical conditions that’s why they ask health questions in the application.
Can you be denied insurance for lung cancer?
Yes, recent cancer diagnosis and treatment may cause you to be denied first-day coverage life insurance. However, you will still qualify for guaranteed issue life insurance with a two-year waiting period.
Is lung cancer considered a pre-existing condition?
Yes, lung cancer is considered a pre-existing condition. Any medical condition that is diagnosed before insurance application is considered a pre-existing condition by life insurance companies.
Can I get funeral insurance with lung cancer?
Yes, you can get funeral insurance even if you have lung cancer. You may even qualify for the best plan if you have been cancer-free for two years or longer.
How do insurance companies know if you have lung cancer?
Insurance companies offering first-day coverage plans ask health questions in the application. They can also see your medical history through the Medical Information Bureau (MIB).
How do you get life insurance after lung cancer diagnosis?
A recent cancer diagnosis will limit your insurance eligibility because most insurance companies ask about cancer in the last two years. If this is your case, your only option for insurance coverage is to get a guaranteed issue life insurance.
Can a person be denied life insurance because of lung cancer?
Yes, a person with lung cancer may be denied first-day insurance coverage if their diagnosis and treatment are very recent (less than 24 months).
Do I have to tell my life insurance if I get lung cancer?
Yes, you must tell your insurer about your lung cancer when applying for insurance coverage.
Can I get cremation insurance with lung cancer?
Yes, you can get cremation insurance even with lung cancer. You can even qualify for a first-day coverage plan if you have been cancer-free for two years or longer with most of the companies we work with at Funeral Funds.
How long do you have to have life insurance before lung cancer diagnosis?
The best time to get life insurance is before you are diagnosed with lung cancer. Most life insurance companies ask about lung cancer in the last two years. You need to be cancer-free for 24 months and longer before you can qualify for a first-day coverage plan.
Is lung cancer considered accidental death?
No, cancer is not considered accidental death because this condition progressed over the years.
Is lung cancer a critical illness?
Yes, lung cancer is a critical illness because of a poor prognosis. Most lung cancer patients are admitted to the intensive care unit from malignancy or comorbidity.
Can I get final expense insurance with lung cancer?
Yes, you can get final expense insurance even if you have lung cancer. People who are 50-85 years old can even qualify for a first-day coverage plan if they have been cancer-free for two years or longer.
