Navigating the complexities of obtaining burial insurance in 2023 while living with a brain tumor can be overwhelming.
A brain tumor, no doubt, is an intimidating diagnosis.
The American Brain Tumor Association had projected around 22,000 new cases of brain cancer in 2018 alone, and startlingly, the trend has continued to climb since, especially among younger demographics.
Dealing with this formidable disease necessitates a keen understanding of the available resources that can provide support throughout your treatment journey and beyond.
One such invaluable resource to consider is the purchase of burial insurance integrated with a cognitive disability rider specifically tailored for individuals who’ve bravely battled brain tumors.
The benefits of this specialized insurance policy, the associated costs, and its intrinsic value for individuals susceptible to developing primary brain tumors are critical considerations.
The importance of these aspects becomes even more evident when the unexpected strikes, relieving financial strain and ensuring peace of mind.
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Burial Insurance with Brain Tumor: What Is It?
Burial insurance with Brain Tumor is supplemental life insurance that pays out if you die from a specific condition. It’s designed to provide financial help if you cannot work or take care of yourself due to a catastrophic illness.
Burial insurance with Brain Tumor is usually purchased by people 55 or older, as it may be more difficult for younger people to qualify for traditional life insurance policies.
If you have an established policy, your family will receive a cash payment when you die. It is typically paid out according to how much coverage you had on your policy and the age at which you purchased it.
The most common type of brain tumor to be covered by burial insurance with a brain tumor is glioblastoma.
Depending on the type of policy you choose, you may be able to receive money from the policy if your loved one dies before their policy expires.
It could give you peace of mind knowing that your loved one would be taken care of if something were to happen.
In addition to covering burial costs, this type of insurance can also help pay for medical bills and other expenses associated with coping with a brain tumor diagnosis.
The National Brain Tumor Society estimates that about 40,000 people are diagnosed with brain tumors each year in the United States — about 2,500 of them are children under 18 years old.
Symptoms of Brain Tumor
A brain tumor is a tumor that develops in the brain. It can develop from cancer cells, abnormal cells that grow uncontrollably. Symptoms of Brain Tumor are as follows:
- Headache: Headaches are often one of the first symptoms of a brain tumor. They may be constant or intermittent and can range from mild to severe.
- Seizures: Seizures are also a common symptom of brain tumors caused by abnormal electrical activity in the brain.
- Dizziness or Vertigo: Dizziness, vertigo, and balance problems can also be caused by a brain tumor.
- Nausea or Vomiting: Nausea and vomiting are common symptoms of brain tumors caused by the pressure of the tumor on the brain.
- Personality or behavior changes: Changes in personality or behavior may signify that a tumor is affecting the brain.
- Numbness or tingling: A tumor may cause numbness, tingling, or weakness in an arm or leg.
- Memory problems: A brain tumor can cause problems with memory, concentration, and other cognitive functions.
- Difficulty speaking: Tumors can also affect speech and language skills.
- Visual changes: Changes in vision, such as double vision or blurred vision, can be a symptom of a brain tumor.
What Does Burial Insurance Brain Tumor Cover?
The amount of coverage varies from policy to policy. Some policies cover all expenses associated with the funeral and burial of an insured person.
In contrast, others offer a limited range for only specific fees, such as casket rentals and flowers. It would help if you bought a policy with enough coverage limits to complete coverage on funeral expenses.
The types of brain tumors covered by burial insurance vary depending on your state.
Some states have specific laws that protect their residents from being denied coverage due to pre-existing conditions like cancer or heart disease.
Other states do not have such laws or regulations, such as New York, so it is up to each insurer to decide which types of brain tumors they will cover under their policies.
How Much Does Burial Insurance Cost?
The cost of burial insurance can range from $2,000 to $40,000 depending on your coverage and whether your employer provides you with benefits through your 401 plan or another plan at work.
Suppose you are self-employed or don’t have any retirement savings account yet.
In that case, it’s essential to ensure that your company offers a retirement savings plan where contributions are tax-deductible.
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Best Insurance Policy Option for Brain Tumor
To determine the type of life insurance plan, you will qualify for if you have a brain tumor, you need to understand the different types of tumors.
Benign – Non-cancerous tumors grow slowly and do not invade surrounding tissue or spread to other parts of the brain or body. You will likely qualify for a standard life insurance policy if you have a benign brain tumor.
Malignant – Cancerous tumors multiply and invade surrounding tissue or spread to other parts of the brain or body. If you have a malignant brain tumor, you will likely only qualify for a burial insurance policy, as life insurance companies consider this a high-risk condition.
Benign Brain Tumor – Burial Insurance Option
Benign Brain Tumor (within the last 12 months)
In some cases, it will not immediately cover benign brain tumors located near major blood vessels or arteries. An insurance company will assess your condition before determining the lowest rate.
If the cancer is found in these areas, it may cause complications later in life.
You will qualify for a first-day benefit plan if you have had a benign brain tumor within the last 12 months. You will be covered in full from the first day of coverage.
The best burial insurance option is the first-day benefit plan.
Benign Brain Tumor diagnosed or treated over 24 months.
To qualify for burial insurance, burial companies ask about brain tumors within the last two years. You answered no to the brain tumor question because you’ve had a brain tumor for more than two years.
As long as you have suffered from a brain tumor within the last two years, you will be eligible for the level death benefit offered by final expense companies.
It means you are qualified for the lowest price plan immediately.
Upon your death, your beneficiaries will receive the full death benefit, and there will be no waiting period. The best plan is one with a level death benefit.
Malignant Brain Tumor – Burial Insurance Option
Your life insurance eligibility will be affected if you test positive for cancer in your brain tumor.
In Remission, Cancer-Free, Or Finished Treatment
Those in remission from malignant brain tumors are now eligible for first-day coverage under a level death benefit plan. An option that offers a first-day range at a level death benefit.
Malignant Brain Tumors (within the last 12 months)
Every final expense insurance company will ask you about a malignant brain tumor or cancerous tumor within two years.
As a result, you can only qualify for a first-day benefit plan if you have a malignant brain tumor and are currently undergoing treatment.
If your treatment for a malignant brain tumor concluded more than two years ago, but less than three years ago, buying funeral insurance emerges as your best option.
Choosing this option equips you with the needed financial safeguard. It guarantees the execution of your final wishes without imposing a financial strain on your family. This way, your loved ones can focus on remembering and honoring you, rather than worrying about the costs.
It’s best to go with a first-day benefit plan.
Malignant Brain Tumor diagnosed or treated over 24 months.
If medical professionals treated you for a malignant brain tumor over two years ago, but not within the past three years, your optimal course of action is buying funeral insurance.
This strategic choice provides you with a security blanket, ensuring your final expenses won’t become a financial hurdle for your loved ones.
If you need more than two years to treat a malignant brain tumor, you can honestly answer that question NO.
Final expense insurance companies now offer a level death benefit plan with first-day coverage for malignant brain tumors. The most advantageous plan is a level death benefit plan with first-day coverage.
For a Brain Tumor, is a Medical Test Necessary?
No medical test is required to qualify for burial insurance for people with brain tumors.
Funeral insurance applications do not require you to submit medical records, blood samples, or urine samples.
You will only be asked a few questions about your health during the application. You’ll most likely receive official approval from your insurance provider within minutes!
Some of the medical questions may ask if you have a brain tumor. These may be yes or no questions. Here are a few sample questions:
- Can you tell me if you have ever been diagnosed with brain cancer in the last two years?
- Have you ever had headaches, seizures, or blackouts?
- What kind of medication do you take, and how often?
- What type and how long ago was your brain tumor diagnosed? What treatment did you receive?
- Have you ever experienced dizziness or balance problems?
- Have you ever had trouble speaking clearly or understanding people when they talk to you?
- Has anyone close to you had surgery to remove any growth from their brain? If so, specify where and when.
- Do you have any family history of brain tumors? Do they have other symptoms that could be related to this disease?
Check The Prescription history
Your insurance company may request information about medications you’re taking, such as generic names and dosage amounts, as part of the underwriting process.
Underwriting is a process by which the insurer verifies your health status by asking health questions. If the insurer determines that the medications you take are not those you reported, a red flag is raised.
- The insurance company may suspect you are not taking medications as prescribed and require verification from your doctor.
- Contact your doctor’s office if any of the information is inaccurate or needs to be updated.
- If you have questions about why the insurance company is asking for this information, call your agent or the insurance company.
Common medications for Brain Tumor
These are the medications approved for brain tumors:
- Afinitor (Everolimus)
- Avastin (Bevacizumab)
- Gliadel Wafer (Carmustine Implant)
- BCNU (Carmustine)
- Carmustine Implant
- Temodar (Temozolomide)
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Benefits of Burial Insurance with Brain Tumor
- Death benefits serve as a financial aid, taking care of funeral expenses and burial costs. These can encompass elements such as a headstone or monument, along with cremation or burial services. So, you see, they ensure a smooth transition during such challenging times without a financial burden.
- If you have a pre-existing condition and cannot receive medical treatment due to the price, burial insurance can help cover the cost of treatment if necessary.
- Burial insurance can provide financial protection in the event of a lost income due to illness or death.
- Suppose you passed away before doctors diagnosed your brain tumor. In that case, you can still make a claim on your life insurance policy and annuity. By doing this, you’re making sure your family has coverage for medical care, should they face a long-term disability or loss of income due to the inability to work. It’s a way to keep protecting your family, even when you’re not around to do it in person.
- Should hospitalization or long-term care become necessary due to your brain tumor, burial insurance stands ready to assist. It can help offset the cost of your stay, making the road to recovery a little less financially strenuous. This way, you can focus more on healing and less on bills.
- Burial insurance gives you and your loved ones peace of mind, instilling confidence that financial preparation for your passing is in place. This sense of readiness can alleviate some of the stress during such challenging times, letting you focus on what truly matters – cherishing the time you have with your family.
How Much Does Burial Insurance with Brain Tumor Cost?
If you are considering buying burial insurance with a brain tumor, the cost of the policy will depend on many factors, including your age and health.
The cost of burial insurance for brain tumors can vary from company to company.
The price depends on what type of policy you choose and if you want to pay for funeral expenses and a portion of the burial costs upfront.
If you are young and healthy, buying a short-term policy may be cheaper than a long-term one.
Short-term policies have higher deductibles that require you to pay out of pocket before your benefits kick in. The longer-term policies have lower deductibles, but they also carry higher premiums.
You should also consider if you own any assets that could cover funeral expenses. This factor could influence your decision about whether buying burial insurance for a brain tumor makes sense.
How To Find The Best Burial Insurance When You Have A Brain Tumor?
A brain tumor diagnosis can feel like a huge mountain to climb.
Among the many questions racing through your mind, you might wonder, “Can I still get life insurance?”
Well, here’s some good news – even with a brain tumor, you can still secure life insurance!
To navigate this journey, your best companion is an independent life insurance agent.
This is someone who specializes in helping folks with pre-existing medical conditions, like a brain tumor.
They’re kind of like a personal guide who knows all the shortcuts and scenic routes in the complex world of life insurance.
Having an independent life insurance agent by your side opens doors to an array of different life insurance companies.
These experts can compare rates and coverage options from these companies to unearth the best policy tailored to your unique needs.
Yes, having a brain tumor might mean paying a higher premium for your life insurance policy.
But don’t let this discourage you! It’s like finding a diamond in the rough – it takes some effort, but affordable coverage is absolutely possible to find.
You’re not just looking for any old diamond, after all. You’re searching for one that fits you perfectly, and with the right help, you can absolutely find it!
1. Can I still qualify for life insurance with a brain tumor diagnosis?
Absolutely! Despite a brain tumor diagnosis, it is still possible to secure life insurance. It’s all about finding the right provider and policy to meet your specific needs.
2. How can I get the best rates on burial insurance with a brain tumor?
The key is to collaborate with an independent life insurance agent. They specialize in helping individuals with pre-existing medical conditions and can navigate multiple insurance companies to compare rates and coverage options.
3. Does a brain tumor diagnosis automatically lead to higher life insurance premiums?
While a brain tumor diagnosis may lead to higher premiums, each case is different. Factors like the type and stage of your brain tumor, overall health, age, and lifestyle can all affect your premium. Your independent insurance agent can help you find a policy that provides the best value for your situation.
4. What role does an independent life insurance agent play?
Independent life insurance agents have access to various life insurance companies. They leverage this access to compare rates and coverage options, helping you find the most suitable policy for your unique circumstances.
5. Is it possible to find affordable burial insurance coverage with a brain tumor?
Indeed, securing affordable burial insurance coverage despite a brain tumor diagnosis is entirely within reach. You may need to invest some effort and enlist expert assistance, but policies specifically tailored to your unique needs definitely exist.
6. Why is burial insurance important for individuals with a brain tumor?
Burial insurance provides a financial safety net to cover end-of-life expenses.
This takes the financial burden off your loved ones’ shoulders during an already difficult time, offering peace of mind. You can rest assured that it covers funeral expenses and other related costs.
At the end of the day, securing burial insurance when living with a brain tumor is more than just a financial decision.
It’s a choice that brings peace of mind, providing reassurance that your loved ones will be free of financial burdens related to end-of-life expenses.
As we conclude this comprehensive guide, remember that the journey to finding the right burial insurance policy begins with understanding your needs and seeking out the information that helps you make an informed choice.
Remember, this is a daunting journey, but you’re not alone. Help is always available, and taking these steps is a testament to your strength and love for your family.