What is burial insurance?
Burial insurance is a life insurance policy that pays out a death benefit to your beneficiaries. The money can be used to cover final expenses, like funeral costs and outstanding debts. You don’t typically have to use the money for this purpose, though. Your beneficiaries can use it however they see fit.
There are burial, funeral, or final expense insurance policies that offer 1st-day coverage to cancer patients undergoing current treatment. These policies don’t require a medical exam. However, you will likely have to answer some health questions truthfully when you apply.
Let us help you find affordable life insurance, burial insurance, or final expense insurance for you or your loved one who has cancer or a history of cancer in the past.
What are the benefits of burial insurance for a cancer patient?
Cancer patients are entitled to burial insurance even if they contract the disease.
The benefits of burial insurance for cancer patients include:
– Protection from funeral expenses: Funeral costs can be expensive, and no one wants their loved ones to be burdened with the cost after they’re gone. With burial insurance, you can have peace of mind knowing that your funeral expenses will be covered.
– Peace of Mind: Fighting cancer is hard enough, during that battle the last thing you need to worry about is being able to afford to die. Get a Free Quote for Burial Insurance for cancer patients and secure peace of mind for as little as $3 dollars a day.
Can You Get burial Insurance if You Have Cancer?
Yes, you can get burial insurance as a cancer patient. Our brokers at Clearone Insurance group partner with over 15+ Insurance carriers and contract with the best cancer life insurance companies in the united states. With Clearone Insurace we will help your surviving loved ones with any details that arise during the funeral process, everything from filing a claim with the carrier to providing them with your will. With us there is no need for a medical exam – just health questions on a one-page application – making these policies easy to qualify for. There are no additional costs associated with using Clearone Insurance vs going directly to the carrier our job is to make finding the perfect policy clear.
The Truth about Getting Burial Insurance After Cancer Diagnosis
Cancer patients often have a difficult time getting burial insurance. While most people are aware that cancer patients face higher premiums, what they aren’t aware of is that most companies don’t accept cancer patients. That is where we come in because when you get a free quote and work with a Clearone broker we shop and compare the top carriers allowing you to focus on what matters most.
Here are a few things you can do to increase your chances of getting approved for burial insurance during and after cancer:
– Choose a policy with level premiums. This means that your rates will never go up, no matter how long you keep the policy.
– Work with an independent agent who can shop around for the best policy for your needs.
– Choose a policy with living benefits, so that you can access some of the death benefits while you’re still alive if you need them to pay for medical expenses.
Getting approved for burial insurance diagnosed with cancer can be difficult, but it’s not impossible. By working with an independent agent and finding a policy with level premiums and living benefits, you can give yourself the best fighting chance of getting the cancer coverage you need.
What If You Have Active Cancer Right Now?
If you have cancer right now, there are a few things you need to know about how life insurance companies will underwrite your policy.
First, you must accept that currently having cancer means you will have a two-year waiting period. This is because life insurance companies consider cancer to be a pre-existing condition.
Second, if you are currently with cancer, your best and lowest cost option would be to take out a no health question policy. These types of policies do not ask any questions about your health history and they are typically much cheaper than traditional life insurance policies.
Third, burial insurance companies will always ask if you had metastatic cancer and if that’s the case, then your application will most likely get rejected right away by a lot of life insurance carriers. Metastatic cancer is when the cancer has spread to other parts of the body and it is considered to be very serious.
At the same time, metastatic cancer patients particularly are a higher risk for burial life insurance companies because of their very low survival rate. So if you’re currently battling metastatic cancer, getting life insurance coverage will be very difficult and expensive.
How much does burial insurance cost for Cancer patients?
Cancer patients may have to pay 2-3 times more for burial insurance, but there are ways to get around that. First, it’s important to understand what burial insurance is and how it works. Burial insurance is a type of life insurance that pays out a death benefit to your beneficiaries when you die. The death benefit can be used to cover funeral costs, outstanding debts, or any other expenses your loved ones may have after you’re gone.
The average final expense policy costs between $30-$70 a month and depends on your age, sex, health, coverage amount, and life insurance company you choose. If you have significant health conditions or are over the age of 70, your premium will probably be higher and may cost between $70-$120 a month (though it may be less). Remember, a cheaper rate usually means fewer features and benefits for living with loved ones when you’re gone! A few extra dollars a month could make a big difference in their support system….
Best Life Insurance Companies for Cancer Patients
There are a few things to keep in mind when you’re looking for the best life insurance company for cancer patients. First, it’s important to get a quote from several different companies. This will help you compare rates and find the best policy for your needs.
It’s also important to find a company that is willing to work with you. Some companies may flat out decline you if you have cancer, but there are still some that will work with you. Keep in mind that they may impose some penalties, such as higher rates, but it’s still possible to get coverage.
Only Gerber Life is currently accepted by most life insurance companies as a “cancer survivor.” This means that they are willing to work with you and provide coverage, even if you have cancer. However, they may charge higher rates or impose other penalties.
If you have cancer currently (not basal or squamous cell), most life insurance companies will flat out decline you however, there are still companies that will accept you . Granted, they will impose some penalties so to speak given your current cancer diagnosis but it is possible to still qualify for a policy.
Get A Free Quote To Find Out More
How do I compare burial insurance policies For Cancer patients?
When you are ready to compare burial insurance policies, there are a few key factors you’ll want to keep in mind. First, make sure that the policy you’re considering offers full coverage. This means that it will pay for your funeral expenses, as well as any debts or final expenses you may have.
Secondly, you want to make sure that the policy clearly states your diagnosis of cancer, failing to report a diagnosis of cancer will result in false approvals and ultimately a denial of your life insurance claim. Make sure whoever you are working with reports this to the insurance carrier when your looking to get a free quote or your family could be the ones paying.
Lastly, you’ll want to review the waiting period outlined by the carrier, most but not all burial life insurance policies will require some sort of waiting period.
Once you’ve found a few policies that meet your needs, it’s time to get some free quotes. You can do this easily by filling clicking here to compare free quotes from 15+ carriers In just a few minutes, you’ll be able to see how much burial insurance you would need to cover your loved ones.
From there, it’s simply a matter of comparing the rates of the eight insurers and finding the best deal for you and your family!
