Is Burial Insurance with Brain Tumor Worth It?
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If you have a brain tumour, is life insurance still an option?
One of the most terrifying and fatal diseases is brain cancer. The American Brain Tumor Association predicts that 22,000 new instances of brain cancer will be diagnosed in the United States this year alone.
The fact that these figures have been rising every year, especially among young people, makes them even more horrifying.
It’s crucial to be aware of all the options available to you if you or someone you love has been diagnosed with this illness and how they can support you during treatment and afterwards.
Buying funeral insurance with a cognitive disability rider for brain cancer survivors is one option to lessen your financial load while dealing with the disease.
Let’s examine the benefits, costs, and value of this sort of insurance for those who run the risk of acquiring a primary brain tumour.
Burial Insurance with Brain Tumor: What Is It?
burial protection with Supplemental life insurance, or “brain tumour,” provides payouts in the event of a certain illness. It’s intended to offer financial assistance if a catastrophic disease prevents you from working or taking care of yourself.
Individuals 55 and older typically obtain burial insurance with brain tumours because it may be more challenging for younger people to qualify for conventional life insurance policies.
If you have a written policy, your loved ones will be given a monetary settlement upon your passing. Normally, it is distributed in accordance with the amount of coverage you had under your policy and the age at which you bought it.
Glioblastoma is the most prevalent type of brain tumour that is covered by burial insurance when a brain tumour is present.
If your loved one passes away before the policy ends, you might be eligible to receive money from the policy, depending on the type you select.
Knowing that your loved one would be cared after in the event of an emergency may bring you comfort.
This kind of insurance can assist with paying for medical bills and other expenditures related to coping with a brain tumour diagnosis, in addition to covering funeral costs.
According to the National Brain Tumor Society, 40,000 Americans are estimated to receive a brain tumour diagnosis each year, with roughly 2,500 of those patients being children under the age of 18.
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.
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What Does Burial Insurance Brain Tumor Cover?
The scope of coverage differs between policies. Some insurance plans pay for every cost related to an insured person’s funeral and burial.
Others, like those that rent caskets and only charge set prices for flowers, provide a smaller selection. Purchasing a policy with adequate coverage limits to fully cover funeral costs might be beneficial.
Depending on your state, several types of brain tumours are covered by burial insurance.
Specific rules in several jurisdictions prevent residents from losing coverage because of pre-existing diseases like cancer or heart disease.
In jurisdictions without these rules or restrictions, like New York, insurers are free to choose which kinds of brain tumours they will cover under their coverage.
How Much Does Burial Insurance Cost?
Depending on your coverage and whether your employer offers you benefits through your 401(k) plan or another workplace plan, the cost of burial insurance can range from $2,000 to $40,000.
Let’s say you work for yourself or don’t yet have a retirement savings account.
In that situation, it’s crucial to confirm that your employer provides a retirement savings plan with tax-deductible contributions.
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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 circumstances, benign brain tumours close to important arteries or blood vessels won’t be instantly covered. An insurance provider will evaluate your health before choosing the most affordable premium.
If the cancer is discovered in these places, it could lead to issues in the future.
If you had a benign brain tumour within the last 12 months, you are eligible for a first-day benefit plan. From the very first day of coverage, you will have complete protection.
The first-day benefit plan is the ideal choice for burial insurance.
Benign Brain Tumor diagnosed or treated over 24 months.
Companies that offer burial insurance inquire about brain tumours that occurred during the previous two years. Because you’ve had a brain tumour for more than two years, you replied “no” to the query about it.
You are qualified for the level death benefit provided by final expense firms if you had a brain tumour within the previous two years.
It indicates that you are immediately eligible for the lowest price plan.
There would be no waiting period before your beneficiaries receive the entire death benefit upon your passing. A plan with a level death benefit is the ideal one.
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 ultimate expense insurance provider will inquire about any cancerous or malignant tumours that have developed within the previous two years.
Therefore, in order to be eligible for a first-day benefit plan, you must have a malignant brain tumour and be getting treatment right now.
You will be insured starting on the first day, and your death benefit will be gradually phased in. The first-day benefit plan is the greatest option.
Malignant Brain Tumor diagnosed or treated over 24 months.
Buying burial insurance is the ideal choice if you had treatment for a malignant brain tumour more than two years ago, but not within the previous three.
You can honestly respond “NO” to the question if it takes longer than two years to treat a malignant brain tumour.
A level death benefit plan with first-day coverage for malignant brain tumours is currently available from final expense insurance providers. A level death benefit plan with first-day coverage is the best option.
For a brain tumor, is a medical test necessary?
People with brain tumours are eligible for burial insurance without having to undergo any medical testing.
You are not need to submit medical documents, blood samples, or urine samples when applying for funeral insurance.
Only a few questions about your health will be requested of you throughout the application. Your insurance company will probably give you official permission in a matter of minutes!
Health Concern:
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.
As part of the underwriting procedure, your insurance provider may ask for details about the prescriptions you’re taking, including their generic names and dosages.
By asking you health-related questions, the insurer can verify your health status through underwriting. A warning sign is triggered if the insurer finds that the prescriptions you use are different from those you disclosed.
- 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)
- Bevacizumab
- Carmustine Implant
- Carmustine
- Lomustine
- Everolimus
- Temozolomide
- Temodar (Temozolomide)
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Benefits of Burial Insurance with Brain Tumor
- Death benefits can be used to pay for funeral expenses and burial costs, including a headstone or monument and cremation or burial.
- 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.
- You can claim on your life insurance policy and annuity if you had passed away already before the date on which your brain tumor was diagnosed, thus ensuring that your family is covered for medical care in case of long-term disability or loss of income due to loss of ability to workability to work.
- If you are hospitalized or require long-term care due to your brain tumor, burial insurance can help cover the cost of your stay.
- Burial insurance can provide peace of mind for you and your loved ones, knowing that you are financially prepared for your death.
How much does Burial Insurance with Brain Tumor cost?
The price of the coverage will depend on numerous variables, including your age and health, if you’re thinking about purchasing burial insurance despite having a brain tumour.
Burial insurance for brain tumours can cost differently between companies.
The cost is determined by the type of insurance you select and whether you wish to pay all or part of the funeral and burial fees up front.
Purchasing a short-term policy could be less expensive than a long-term one if you are young and healthy.
Higher deductibles on short-term policies mean that you must pay out of cash before your benefits start to apply. The deductibles on the longer-term insurance are lower, but the premiums are also greater.
You should also think about if you have any assets that could be utilised to cover funeral costs. If so, it may or may not be advantageous to purchase burial insurance for a brain tumour.
How To Find The Best Burial Insurance When You Have A Brain Tumor?
You might be wondering if you can still purchase life insurance if you receive a brain tumour diagnosis. The good news is that even if you have a brain tumour, you may still be eligible for life insurance.
Working with an independent life insurance agent who specialises in assisting persons with pre-existing medical illnesses is the best method to obtain the best rates on burial insurance while suffering from a brain tumour.
In order to locate the best policy for your particular scenario, an independent life insurance agent will have access to a large number of different life insurance firms and will be able to compare prices and coverage possibilities.
Although your life insurance premiums may be higher if you have a brain tumour, it is still feasible to acquire cheap coverage.
You’ll collaborate with a group of highly qualified experts in final expense insurance at our company. We at BestBurialPolicy.com are here to assist you in obtaining the coverage you require.
We give you access to the most recognised insurance providers in the nation, giving you peace of mind that you’re getting the finest available coverage. We also offer cutting-edge features at no extra charge.
Regardless of any health difficulties, we are dedicated to offering the greatest final expense insurance coverage for everyone.
We would be pleased to help you further if you gave us a call at (855) 468-8900
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