Finding The Best Burial Insurance For Cancer Patients

Today, almost anyone can get enough insurance for a burial, even with health issues.  For cancer patients, there are options for burial insurance, but there are some restrictions and requirements that need to be met.  The first thing we should do is define burial insurance.

Burial Insurance is a whole life policy (permanent insurance) ranging from $5,000 to $25,000 death benefit, in which the payout is mainly to cover the costs of a funeral and related services or items.

Sometimes burial insurance is called preneed insurance that funeral homes offer as an option to people who would like to plan for their funeral in advance.  Preneed insurance is usually a whole life policy with a death benefit that increases over time.

Let’s look a little further into cancer and how it pertains to life insurance.

Cancer In Our Nation And Around The World

Over 900,000 men and 800,000 women are affected by cancer yearly. Exacerbating that issue is that 46% of all Americans will suffer from cancer in their lifetime. The good news is, even with such a high incident rate cancer sufferers can still be insured.

Nearly 14.7 million people diagnosed with cancer lived beyond doctors expectations, and by 2024 that number will grow to 19 million. With numbers like that insurance companies are practically lining up to insure cancer patients in or near remission. There are many policy options for life insurance for cancer patients.

Insurance For Cancer Patients

Insurance coverage for cancer patients come with their own brand of requirements because the outcome of many cancers can be premature death. It is important to know what the insurance companies will look for when they are offering coverage. Some of the typical questions you might be asked are –

  • When was your first diagnosis?
  • What type of treatment are you receiving?
  • Did you have tumors?
  • What stage of cancer do you have?
  • What type of cancer were you diagnosed with?
  • Are you finished with treatments?
  • Have you relapsed at all?

Can Cancer Patients Get Burial Insurance?

The answer is, it depends on where you are in the process of treatment.  It is very difficult to be approved for insurance, even burial insurance if you are undergoing treatment, or recently diagnosed.

There are only a handful of companies willing to insure someone’s life when they are undergoing treatments for cancer. That makes the search more complex and the premiums much higher, maybe too high. Burial insurance was created for just this type of situation.

Burial insurance is the option that can offer the most insurance with the least health requirements, sometimes no medical requirement at all. Burial Insurance can cover costs for caskets, cremation, flowers, embalming, even a headstone, and other things like paying off small debts and funding a small wake.

Is Burial Insurance The Only Option, Or Can I Also Get Life Insurance?

Depending on where you are in treatment and what type of cancer you have, will be the determining factors as to what type of life insurance you are eligible for. No medical exam burial insurance is for people in late stage, high stage, or who have terminal cancer.

There are different types of insurance that cancer patients with a good prognosis can look at. Prostate and breast cancer, two of the most prevalent forms of cancer can qualify for life insurance as follows:

Term Life Insurance For Cancer Patients

The least expensive type of life insurance, which can cover the insured for a certain number of years (a term). Usually, cancer patients can attain this type of insurance.

Permanent Life Insurance For Cancer Patients

There are several types of permanent insurance, most with very similar attributes. Permanent insurance last for as long as the premium is paid is quite a bit more expensive than term life insurance and may have additional benefits like a cash build up within the policy.

Graded Death Benefit For Cancer Patients

One type of permanent insurance builds a benefit over time, anywhere from one to three years. If the insured dies in the first two or three years the payout is substantially lower. This type of insurance works very well for cancer patients because the insurer does not worry over a premature payout.

How Much Death Benefit Can Cancer Patients Get For A Burial Life Insurance Policy?

Overall, the payout will be based on the individual’s age and gender. The usual death benefit would be a lump sum of up to $50,000 to the insured’s designated beneficiary, to use in any way they want.

The rates and financial status of the unhealthy person will also impact how much or how little insurance can be obtained for funeral costs.

There are several options for burial insurance. Some of these policies have a no medical exam option, which is probably going to be a Graded Death Benefit permanent insurance policy.

If the insured is terminal then it is going to be very difficult for them to receive any kind of larger payout, unless they take the more expensive no medical exam type of insurance.

What Will That Policy Look Like?

As with any insurance policy, there are terms that must be set forth in a contract. Burial insurance is no exception. There are several parts to a burial insurance policy:


Usually the first page of a policy, this defines insured’s name and address, the insuring company, risks (property) that are covered, limits (probably a dollar amount), deductibles if applicable, the policy period and premium.


Defining terms within the policy, such as premium, policy limits (which can be confusing sometimes)

Insuring Agreement

Lays out the covered perils, or risks being taken on, or the nature of the coverage. This section is where the insurer indemnifies the policy or makes an express promise to offer something in the event of a covered peril happening.


Non-covered, perils or hazards are laid out and defined so that all parties know what is not covered by the policy.


Exact provisions that the insured must follow, such as; rules of conduct, duties, and obligations. These are the terms by which the insured agrees to follow in order for the policy to remain in effect.

Policy Forms

Usually, everything but the declarations, endorsement, and riders, is rolled into a single document called the Policy Forms. This makes for ease of use for the insured and the insurer alike.

When there are multiple coverage forms under the same insured and insurer than the declarations page would reflect that, with new declarations pages added as necessary for the new conditions.


A modification of some kind attached to the policy. Policies can be confusing and sometimes misunderstood, as they are usually written by lawyers, but interpreted by underwriters.

In order to keep down the confusion and misunderstandings many times, insurers will ask that any new portion or addition to the policy be placed in endorsements where counsel can review and change as necessary.


Policy add-ons that can extend the life of the policy, or otherwise add some additional value and options for the insured.  Usually, riders come with an additional monthly fee added to the premium.  Multiple riders are available for most life insurance policies.

Funeral expense insurance has the same basic form as any life insurance policy, that if the terms of the contract are met, then at the death of the insured, a payment of the death benefit is made directly to the beneficiary to spend any way they would like.

Which Companies Are The Best For Burial Insurance For Cancer Patients?

Recently more insurance companies have started to offer final expense and burial insurance as one of their main products. Here are the best life insurance companies for burial insurance:

Company Policy Age Face Value
AIG Guaranteed Issue Whole Life 50 – 85 Up to $25,000
Americo Ultra Protector Series 50 – 85 $5,000 – $30,000
American National Strategy Whole Life 18+ $2,000 – $50,000
Assurity Simplified Level Benefit Whole Life and Graded Benefit Up to age 65 $5,000 – 50,000
66 – 80 $5,000 – $25,000
Baltimore Life Silver Guard 18+ Up to $50,000
Foresters Financial PlanRight Whole Life> 50 – 85 Up to age 80 – $35,000
Age 81 – 85 – $15,000
Gerber Life Guaranteed Life 50 – 80 $5,000 to $25,000

What Should I Watch Out For?

In most cases, because of the heavy regulations on Life Insurance, many companies tell you up front what the costs will be and what the terms are. With guaranteed products, the terms can be daunting, because the company is assuming much more risk than with the non-guaranteed policies.

For the most part, watch out for term life hiding out as burial insurance. This is a policy where the monthly payment will increase after the term is reached. You get a very good price for ten years then after that, every 5 years the premium increases substantially. The policy will only cover up to age 80, and then coverage stops. If you die after your 80th birthday, you are not covered.

What Should I Do If I Want To Buy Burial Insurance?

Sometimes insurance is difficult to understand. All the amendments and conditions can be confusing. The place you should start is with research, like this article. That is your jumping off point.

From there you would contact an agent, someone with experience in this type of policy. By la,w insurance agents must be completely transparent in their descriptions of any given policy they may offer for sale. And there are conditions to the type of information they must give to the prospective applicant.

FAQ We Have Gotten In The Past

Can I Get Life Insurance After Being Diagnosed With Cancer?

Although it is possible to get life insurance after being diagnosed with cancer, the reality is, it is usually a substantially reduced face value, and very high premium.

Can You Buy Life Insurance If You Are Terminally Ill?

There are policies that have no questions about health at all. And technically it is available to terminally ill people. The premiums are very high and the payout is minimal.

Do Most Life Insurance Policies Cover Cancer?

If you have a life insurance policy before you are diagnosed with cancer, then yes, you are covered even if you have a premature death from the cancer. But there are only a few insurers who will risk issuing a life insurance policy for someone who is presently diagnosed with cancer and in treatment.

Burial Insurance For Cancer Patients – Wrapping It Up

When it comes to purchasing life insurance for cancer patients, or anyone for that matter, it is very important to work with an insurance agent.

Why?  Well, to put it simply, insurance agents understand the intricacies of each policy and provider.  They can help you find the best rates on the market, and also help you understand the full breadth of your coverage.

The best part of speaking with an insurance agent is that it is free!  This means there is pretty much no good reason to not work with an insurance agent to find the best burial insurance for cancer patients.

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