2024 Final Expense Insurance after Cancer
last updated on April 4, 2024Final expense insurance after cancer is possible, whether you recently got a cancer diagnosis, are currently undergoing treatment, are in remission, or are cancer-free.
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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 will explain your options and help you find affordable final expense insurance if you have had cancer in the past.
FOR EASIER NAVIGATION:
- What Is My Best Insurance Option After Cancer?
- What Types of Final Expense Insurance Should I Avoid?
- What Type of Final Expense Insurance Is Best?
- After Cancer, Do I Need a Medical Exam to Qualify for Final Expense Insurance?
- Final Expense Insurance Underwriting After Cancer
- How Much Final Expense Insurance Do I Need After Cancer?
- How Should I Pay My Premiums?
- Cancer and Final Expense Insurance Riders
- Information We Need if You Have Had Cancer
- Benefits of Final Expense Insurance After Cancer
- Other Common Uses for Final Expense Insurance After Cancer
- When Is the Best Time to Get Final Expense Insurance?
- How Can Funeral Funds Help Me?
- Additional Questions & Answers On Final Expense Insurance After Cancer
What Is My Best Insurance Option After Cancer?
Two types of cancer are non-life-threatening if treated properly, and they will not affect your eligibility.
These two specific types of skin cancer are a non-issue with every burial insurance company:
- Basal Cell Carcinoma
- Squamous Cell Carcinoma
Both are non-life-threatening. 90% of skin cancer patients are diagnosed with these skin cancer types.
If you have basal cell carcinoma or squamous cell carcinoma, you will easily qualify for a level death benefit plan with first-day coverage.
Best Option: Level death benefit plan with first-day coverage
Your insurance options after cancer will depend on the following factors:
- Date of cancer diagnosis
- The time that passed since the last cancer treatment (chemotherapy, hormone therapy, immunotherapy, radiation, cryoablation, stem cell transplant, targeted therapy, and surgery
- Medications taken
- Time of remission
- The date you became cancer-free
CANCER-FREE FOR MORE THAN TWO YEARS
If you have been cancer-free for more than two years, you will qualify for the best plan and the lowest rate.
Most life insurance companies only have a two-year lookback period on cancer. Being cancer-free for two years or longer will let you honestly answer “no” to the cancer question on the health questionnaire.
You will now qualify for a level death benefit plan with first-day coverage. You will be covered from the first day, and your beneficiary will receive 100% of your death benefit when you pass away.
Best Option: Level death benefit plan with first-day coverage
IN REMISSION FOR 24 MONTHS OR LONGER
If you have finished your cancer treatments and have been in remission for 24 months or longer, you could qualify for a level death benefit plan with first-day coverage.
Since it’s been two years or longer since your last cancer treatment, you can now honestly answer no to the cancer question in the health questionnaire.
Best Option: Level death benefit plan with first-day coverage
TREATMENT IN THE LAST 2 YEARS
Cancer has a two-year lookback period. If you have had any type of cancer and undergoing treatment in the last two years, your best insurance option is a first-day benefit plan.
You will be covered from the first day, and your death benefit will be phased in over time.
Best Option: First-day benefit plan
CURRENTLY, HAVE CANCER OR CURRENTLY UNDERGOING TREATMENT
If you are currently diagnosed with cancer and undergoing treatment, your best insurance option is a no health question guaranteed issue final expense insurance.
You will be approved for this policy regardless of your current medical condition.
Guaranteed issue life insurance has a two-year waiting period. If you pass away during the waiting period from natural causes, the insurance company will refund your premium plus interest, which is typically 10%.
After the waiting period, you will be fully covered, and your beneficiary will receive your full death benefit if you die for any reason.
Best Option: Guaranteed issue final expense insurance
What Types Of Final Expense 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 Final Expense 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 |
After Cancer, Do I Need A Medical Exam To Qualify For Final Expense Insurance?
You are NOT required to take a medical exam to qualify for final expense insurance after 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!
Final Expense Insurance Underwriting After Cancer
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.
Common cancers the insurance companies want to know about:
- Bladder Cancer
- Breast Cancer
- Colorectal Cancer
- Kidney Cancer
- Lung Cancer –Non-small cell
- Lymphoma – Non-Hodgkin
- Melanoma
- Oral and Oropharyngeal Cancer
- Pancreatic Cancer
- Prostate Cancer
- Thyroid Cancer
- Uterine Cancer
HEALTH QUESTION:
Every life insurance company considers cancer a high-risk medical condition. You can see cancer ask in the health questionnaire. You will typically see cancer asked this way:
- In the previous 24 months, have you ever been diagnosed or been treated for internal cancer, melanoma, or leukemia?
- 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 and squamous cell carcinoma?
- In the previous 24 months, have you been diagnosed with cancer or been advised to receive chemotherapy or surgery?
PRESCRIPTION HISTORY CHECK:
The insurance company will also check your current health by looking at your medication history.
Here is the most common cancer medication the insurance companies are on the lookout for:
- Bortezomib (Velcade)
- Chlorambucil (Leukeran)
- Cyclophosphamide (Cytoxan, Neosar)
- Gemcitabine (Gemzar)
- Imatinib (Gleevec)
- Irinotecan liposome injection (Onivyde)
- Irinotecan (Camptosar)
- Methotrexate (Rheumatrex, Trexall)
- Oxaliplatin (Eloxatin)
- Tamoxifen (Nolvadex)
- Trastuzumab (Herceptin)
If you’ve been taking any of these drugs in the last two years, the insurance companies will assume that you are being treated for cancer.
How Much Final Expense Insurance Do I Need After 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.
Cancer And Final Expense 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 Had Cancer
When applying for final expense insurance after cancer, it is important to provide as much information as possible.
We will ask you a series of health questions to better understand your condition. These questions include:
- What type of cancer did you have?
- What year was your diagnosis?
- What is the grade or stage of your cancer?
- Have you received any cancer treatments like chemo or radiation therapy in the past 2 years?
- How long did your cancer treatment last?
- Have you experienced any relapses?
- Are you in remission now?
- How long have you been in remission?
We need to know your medical condition to be able to provide you with the best recommendation. The more information we get, the better our chances of finding affordable insurance coverage.
Benefits Of Final Expense Insurance After Cancer
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 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 After Cancer
All of these examples are appropriate uses for Final Expense Life Insurance:
- Burial insurance plan after cancer
- Cremation insurance plan after cancer
- Funeral home insurance plan after cancer
- Final Expense insurance plan after cancer
- Prepaid funeral plan insurance after cancer
- Mortgage payment protection plan after cancer
- Mortgage payoff life insurance plan after cancer
- Deceased spouse’s income replacement plan after cancer
- Legacy insurance gift plan to family or loved ones after cancer
- Medical or doctor bill life insurance plan after 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.
When Is The Best Time To Get Final Expense Insurance?
Getting life insurance before a cancer diagnosis is ideal. However, final expense insurance for cancer patients is often easily done. You need to be smart about which company you apply to.
It is always better to work with a qualified life insurance agency, life Funeral Funds.
We specialize in helping cancer patients qualify for the lowest-priced cancer insurance policy available. We can help you by pairing you with the life insurance companies that offer the best rates for cancer survivors.
If you’re a cancer survivor and you’ve been in remission for a significant amount of time, there is a good chance that you can find an affordable life insurance policy.
How Can Funeral Funds Help Me?
If you are a cancer survivor and you’ve been in remission for more than two years, you have the best options available.
We work with more than 30 life insurance companies and will shop your case with these companies. We can help you get the best insurance policy by pairing you with the life insurance company that offers the best rates for cancer patients.
If you are looking for cancer burial insurance, cancer funeral insurance, or cancer final expense insurance. We specialize in helping cancer patients qualify for the lowest-priced cancer insurance policy available.
If you have cancer, do not hesitate to call. Call us at (888) 862-9456 or fill out the quote form on this page to get an accurate quote.
Additional Questions & Answers On Final Expense Insurance After Cancer
What cancers does insurance cover?
You may still qualify for life insurance if you have any of these types of cancers.
- Breast cancer
- Lung cancer
- Prostate cancer
- Colon cancer
- Ovarian cancer
- Stomach cancer
- Cancer of the pancreas
- Cancer of the liver
- Bladder cancer
- Leukemia
- Lymphoma
- Myeloma
- Brain cancer
- Testicular cancer
Can you get life insurance if you have cancer?
Yes, the vast majority of insurance companies will cover any type of cancer for a first-day coverage plan if you have been cancer and treatment-free for two years or longer.
Is cancer considered a pre-existing condition?
Yes, cancer is considered a pre-existing condition by most insurance companies.
Do you have to tell life insurance if you have cancer?
Yes, you have to tell life insurance if you have cancer. If you don’t and the company finds out, your policy could be canceled or you could be denied coverage.
How much will life insurance pay if you die from cancer?
Most life insurance policies pay the death benefit, which is the amount of money you are insured for if you die from cancer.
Do I need to take a medical exam if I have cancer?
No, you do not need to take a medical exam if you have cancer.
Can you get burial insurance if you have cancer?
Yes, you can get burial insurance if you have cancer. Burial insurance is a type of life insurance that is designed to cover the costs of your funeral and other end-of-life expenses.
How does cancer affect life insurance?
Cancer can affect life insurance eligibility and rates. Recent cancer diagnosis and treatment may mean you will only qualify for a guaranteed issue life insurance plan.
Can you get life insurance after getting cancer?
Yes, you can get life insurance after you have been diagnosed with cancer. However, it may be more difficult to find a policy, and you may need to endure a waiting period.
Can someone with terminal cancer get life insurance?
Yes, you may still qualify for a guaranteed issue life insurance because they do not ask health questions.
Can I get life insurance after a cancer diagnosis?
Yes, you can get life insurance after a cancer diagnosis. However, it may be more difficult to find a policy, and you may need to endure a waiting period.
What is the best life insurance for cancer patients?
There is no one-size-fits-all answer to this question. The best life insurance for cancer patients depends on a number of factors, including the type of cancer, the stage of cancer, the treatment plan, and how long you have been cancer-free.
How do you get life insurance after a cancer diagnosis?
The best way to get life insurance for cancer patients is to work with a qualified life insurance agent who can help you understand your options and find the best policy for your needs.
What is the best life insurance for cancer patients?
There is no one-size-fits-all answer to this question. The best life insurance for cancer patients depends on a number of factors, including the type of cancer, the stage of cancer, the treatment plan, and how long you have been cancer-free.
Can you get life insurance before a cancer diagnosis?
Yes, getting life insurance before a cancer diagnosis is the best way to ensure that you will be covered in the event that you are diagnosed with cancer.
What are the benefits of having insurance if you have cancer?
Some of the benefits of having insurance if you have cancer include peace of mind, financial security for your loved ones, and coverage for your final expenses.
Can a sick person get life insurance?
Yes, a sick person can get life insurance. Many life insurance companies offer policies for people with chronic illnesses like cancer.
Can you get life insurance with terminal cancer?
Yes, you can get life insurance with terminal cancer. However, it may be more difficult to find a policy and you may need to endure a waiting period.
What do cancer policies cover?
Cancer policies typically cover treatment costs, including surgeries, hospital stays, and medications. Some policies also cover lost income and other expenses related to cancer.
Is it possible to get cremation insurance with cancer?
Yes, you can get cremation insurance with cancer. Cremation insurance is a type of life insurance that pays for your cremation and other end-of-life expenses.
How can I get life insurance if I have cancer?
The best way to get life insurance for cancer patients is to work with a qualified life insurance agent who can help you understand your options and find the best policy for your needs.
Do I need to tell life insurance about cancer?
Yes, you need to tell life insurance about cancer. Insurance companies will typically ask about your medical history when you apply for a policy.
What are the consequences if I did not tell life insurance about cancer?
If you did not tell life insurance about cancer and they find out, your policy could be denied or canceled.
How long is cancer a pre-existing condition?
Cancer is typically a pre-existing condition for life insurance purposes for five years after diagnosis. After that, you may be able to get coverage, but it may be more expensive.
Can I get life insurance after my cancer is cured?
Yes, you can get life insurance after your cancer is cured. In fact, some life insurance companies offer first-day coverage plans for people who have been cancer-free for two years or longer.
Is cancer considered a critical illness in insurance?
Yes, cancer is considered a critical illness in insurance. Critical illness insurance is a type of policy that pays a lump sum benefit if you are diagnosed with a covered illness, such as cancer.
Can cancer patients get insurance after the diagnosis?
Yes, cancer patients can get insurance after diagnosis. However, you may need to have a waiting period before your policy becomes active.
Does final expense cover cancer patients?
Yes, final expense insurance covers cancer patients. Final expense insurance is a type of life insurance that pays for your funeral and other end-of-life expenses.
Can you get burial insurance with cancer treatment?
Yes, you can get burial insurance with cancer treatment. Guaranteed issue burial insurance is available for people with current cancer diagnosis and treatment.
Can you get first-day coverage insurance if you have cancer?
Yes, you can get first-day coverage insurance if you have cancer. However, this type of policy is typically only available for people who have been cancer-
How does cancer affect life insurance?
Cancer can affect life insurance in a few ways. First, you may be declined for coverage if you have a recent cancer diagnosis and treatment. Second, your premiums may be higher if you have cancer. Third, you may need to endure a waiting period before your policy becomes active.
What are the things that may affect my eligibility if I have cancer?
If you have cancer, there are a few things that may affect your eligibility for life insurance your diagnosis, treatment, and the time you had been cancer-free.
How can I get life insurance if I have cancer?
The best way to get life insurance for cancer patients is to work with a qualified life insurance agent who can help you understand your options and find the best policy for your needs.
Do I need to tell life insurance about my cancer diagnosis?
Yes, you need to tell life insurance about cancer. Insurance companies will typically ask about your medical history when you apply for a policy.
Is it possible to get funeral insurance with cancer?
Yes, you can get funeral insurance with cancer. Funeral insurance is a type of life insurance that pays for your funeral and other end-of-life expenses.
What is the best life insurance for cancer patients?
The best life insurance for cancer patients depends on several factors, including your health history, budget, and coverage needs. You may want to consider a guaranteed issue life insurance policy, which does not require a medical exam.
What are some of the things that I need to know before getting life insurance?
Before getting life insurance, you need to know your health history, budget, and coverage needs. You should also be aware that insurance companies typically ask about your medical history when applying for a policy.
Is there such thing as cancer insurance?
Cancer insurance is a type of policy that pays a lump sum benefit if you are diagnosed with cancer. Cancer insurance can help cover the costs of treatment, lost wages, and other expenses associated with cancer.
What is the difference between cancer insurance and life insurance?
Cancer insurance is a type of policy that pays a lump sum benefit if you are diagnosed with cancer. Life insurance pays a death benefit to your beneficiaries if you die. Cancer insurance can help cover the costs of treatment, lost wages, and other expenses associated with cancer. Life insurance can help your loved ones cover expenses like your mortgage, funeral costs, and other debts.
What are the chances of getting insurance if you have cancer?
The chances of getting insurance if you have cancer depend on several factors, including your health history, budget, and coverage needs.
Can you be denied life insurance if you have cancer?
Yes, you can be denied life insurance if you have cancer. Insurance companies will typically ask about your medical history when you apply for a policy. Some companies will reject your application if you have a recent cancer diagnosis and treatment.
Does cancer qualify for critical illness insurance?
Yes, cancer can qualify for critical illness insurance. Critical illness insurance is a type of policy that pays a lump sum benefit if you are diagnosed with a critical illness, such as cancer. Critical illness insurance can help cover the costs of treatment, lost wages, and other expenses associated with cancer.
What type of policy only covers cancer?
A few types of policies only cover cancer, including cancer insurance and critical illness insurance.
Is there a difference between cancer and critical illness insurance?
Yes, there is a difference between cancer and critical illness insurance. Cancer insurance is a type of policy that pays a lump sum benefit if you are diagnosed with cancer. Critical illness insurance is a type of policy that pays a lump sum benefit if you are diagnosed with a critical illness, such as cancer. Cancer insurance can help cover the costs of treatment, lost wages, and other expenses associated with cancer.
What are the things that may affect my eligibility if I have cancer?
Some of the things that may affect your eligibility if you have cancer include your health history, budget, and coverage needs.
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