Burial Insurance with Lung Cancer

Burial-insurance-with-Lung-Cancer

If you are cancer-free but have had lung cancer in the past, burial insurance with lung cancer is available with first-day coverage.

IMPORTANT: No insurance company will approve you for first-day coverage if you have been diagnosed or treated for cancer in the last 24 months.

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?


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 that have 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:

  1. Surgery – operations performed by doctors to cut out cancer tissues from the lungs.
  2. Chemotherapy – This treatment uses special medicines to kill cancer. The drugs can be taken orally or through the veins, or sometimes both.
  3. Radiation therapy – uses high-energy rays or radiation to kill the cancer
  4. Targeted therapy – use drugs to hinder the growth and spread of cancer cells. The drugs can be taken orally or given through the veins.
  5. Immunotherapy – uses the immune system to fight cancer.
  6. 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 you can qualify 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 of death or non-accidental death.

If you pass away within the first two years or waiting period as a consequence of 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 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 PLAN BENEFITSINCLUDED
1st Day CoverageYES
Rates NEVER IncreaseYES
Coverage NEVER DecreasesYES
Easy to get approvedYES
No Medical ExamYES
Same Day ApprovalYES
Death Claims Pay FastYES
Builds cash valueYES
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 that has 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, 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 LUNG CANCER

If you want to access the lowest premium and get first-day coverage, you must apply for a burial insurance plan that has some form of 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$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


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-ONSAVAILABILITY
Terminal Illness Add-On BenefitIncluded with most plans
Nursing Home Care Add-On BenefitIncluded 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 get a better idea of 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 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 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?

Trying to find a policy if you have lung 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 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.

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