Cheap Life Insurance With Cancer
Reader’s Question:
My husband was just diagnosed with Prostate cancer, we were lucky enough to discover it in it’s early stages so the doctors here in Ohio are optimistic however, hubby and I are realist and we want to get life insurance for him and also for our kids, what should we know about life insurance for someone who has cancer?
Leisha
Cincinnati, OH
The first thing that you should know is that it would be very difficult to get a life insurance plan once an insurance provider knows that you have cancer. Additionally, it would be next to impossible to be granted life insurance coverage while undergoing cancer treatment. The fact that you and your husband was able to discover his illness early on, and that you are told by the doctors that the chances of a complete recovery are still high, would probably go along way in helping you to get a life insurance company to grant your husband coverage.
Certain forms of cancer are far riskier than others and this would have a big influence on how premiums will be calculated. It is also not advisable to lie that your husband doesn’t have cancer or any illnesses, since in the even that he does succumb to the disease your insurance carrier might refuse to pay you (or whoever your husband’s beneficiaries are) the death benefits.
It would be a good idea to run a life insurance quote check on life insurance portals, like this website, and focus on the companies that advertises the most competitive rates to increase your chances of getting a policy. The services of a knowledgeable and experienced life insurance agent or broker there in Ohio would also be invaluable at this point, since they may be able to negotiate coverage for you, as well as explain to you what to expect on your insurance before and after treatment.
Getting Life Insurance With Cancer
Reader’s Question:
I already know and accept that I have cancer. Fortunately, it is only Stage 1 but I know that it will still command higher rates if I apply for a life insurance policy in Honolulu Hawaii HI. Should I just try to rig it?
Marissa
Honolulu, HI
Allow me to be candid here, Marissa – this is what you should never ever do. Rigging or being dishonest with your life insurance will not help you in any way. It will, in fact, be very heartbreaking for you to find out that your life insurance has been cancelled at a time when you and your family need it most.
Anyway, you are fortunately at Stage 1, like you said, and this brings great promise to you in terms of finding life insurance in Honolulu Hawaii HI. But I might as well tell you know that you will be charged higher premiums than ordinary applicants. Premiums will always vary from one insurer to another because they will have different ways of underwriting certain conditions and so it is but imperative for you to look around and not just be fixated by one insurance company alone. What you need to do is to enter your Honolulu Hawaii zip code on the space provided for you to have multiple quotes. You may want to visit them to discuss in detail your present condition and what the outlook is for you.
Remember to be transparent and truthful all the time, Marissa: insurance companies in Honolulu Hawaii HI tend to err on the conservative side. Their general rule in this case is “When in doubt, don’t!” you do not want to put them in doubt of your actual standing so allow me to use another cliché : “Honesty is the best policy”.
Life Insurance After Cancer
Reader’s Question:
A sad thing happened today, I just learned that I have cancer. But hey, life goes on. Ironically I’ve set an appointment with my insurer in Scranton Pennsylvania PA next week hoping to get life insurance. Should I even bother?
Arianna
Scranton, PA
Of course you should still go ahead with your appointment, Arianna. Like you said, life goes on and this is a very opportune time than ever to get life insurance. You might also want to get second and third opinion about your illness. But even if you really have cancer, there is still no reason to discontinue with your application for life insurance in Scranton Pennsylvania PA.
In fact, you should make your application process easy by being ready with all the medical information you have, including examinations, pathological records, the treatment that was recommended by your doctor, and anything else that you can provide him with. This will make it easy for your insurer to have a better picture of your condition, lest he assume that your condition is graver than what it actually is. Remember that insurers are trained in risk assessment and management, and will also always be conservatives. This means that if they do not have sufficient information to assess what level of risk you will be, they will always assume the worst, and either charge you with very high premiums, or worst, deny your application.
Speaking of life insurance premiums, insurers around Scranton Pennsylvania PA may assess and evaluate your condition differently so it will be best to shop around for various quotes. To get five different quotes, type in your zip code at the top of this page and answer some questions.
Life does not stop here, Arianna, it goes on. I will want to hear from you in a few months’ time to know how you are coping.
Affordable Cancer Life Insurance
Readers Question:
I want to be protected against cancer. What insurance should I get and will my regular health insurance work?
Sally
Athens AL
Health insurance can be helpful whether you are genetically inclined to cancer or not. However, there is what we call life insurance with cancer. This is a more specialized insurance because claims will be granted to policyholders that are diagnosed with cancer.
There are different kinds of cancer policies. The first one is expense occurred policy, which pays for the maximum value stated on the policy that is incurred during treatment. Second is indemnity policy, which is somewhat like the first only that it has a limit for each individual and it may not be at par with the actual expenses. Lastly, there is what we call the first occurrence cancer policy. They pay a lump sum of money ranging from $2,000 t0 $100,000 dollars upon diagnosed with cancer.
Bear in mind that this kind of insurance is not a substitute for a regular health insurance. However, if you want to be insured from this illness, the first thing you need to do is to review your policy. Certain insurance do cover dreaded diseases, which includes cancer, tuberculosis, renal failures and other illnesses identified by your insurance company. Doing this is also one-way to eliminate unnecessary expenses.
Second, if you really have high affinity to the disease, you need to shop around first. Compare the rates between companies. Do also check the benefits because cancer insurance has their limitations. Some examples of limitations are fixed dollar limits, non-coverage for cancer-related illness and many others. These things need to be clarified to avoid disappointments later on. Do also fish for second opinions. It can really help.
Lastly, get the insurance before even you contracted the disease. Life insurance with cancer will only cover expenses incurred upon diagnosis. Therefore, if you already have the diseases, chances are the insurance will be denied.
Cheap Life Insurance Coverage With Cancer
Reader question:
Can I buy life insurance coverage with cancer?
Jackie
Great question, Jackie.
While most life insurance companies will offer policies to people who are in remission, very few companies dare to cater to people looking for life insurance coverage with cancer. The risk is simply too high, and since life insurance companies generally rate their policies based on things such as life expectancy, it’s very hard to do so when the life expectancy of the person buying the policy is so short.
This, however, doesn’t mean it is impossible, although it may seem that way most of the time. If you have any chance of getting life insurance coverage with cancer at all, then you should look for guaranteed issue and no exam term life insurance policies. You may be able to contact your state department of insurance for some guidance. Know, though, that if you do end up finding a company which will offer you a life insurance policy, then your rates will be extremely high. It may be best to invest your money elsewhere, although you should make this decision based on the quotes you are able to get.
take care,
Fashun
Life Insurance For Cancer
Readers Question:
Would it be difficult for me to find a life insurer now that I was just diagnosed with breast cancer?
Joanne
New Orleans, LA
Honestly, yes. It would be very difficult for someone who just got diagnosed with cancer (of any form) to get life insurance coverage. In fact, some life insurance companies might even deem you as uninsurable because of this. However, if you act quickly and with the right know-how, it’s not impossible to find a provider out there cover you.
Get Life Insurance Coverage Immediately
Most insurers can still grant coverage to people who just got diagnosed with cancer. The kind of cancer you have will and it’s stage of progress, of course, have an influence on how many providers are willing to cover you. Getting cancer while undergoing treatment and chemotherapy is next to impossible! So the sooner you look for a life insurance company, the better chances of you getting coverage.
Look For A Specialist
There are providers out there willing to take in that risk. The Web – and the many life insurance portals like this website in it – is one of the most effective ways to locate cancer and life insurance specialists who can grant you the necessary coverage, for a price. Expect premiums to be very expensive. However, even these companies have competition so compare your options very carefully.
Go With An Experienced Life Insurance Broker
Note the use of word ‘Broker’, as life insurance agents have limited offers and won’t be of much help to you. An experienced, independent life insurance broker with the right contacts or affiliations can represent your case effectively and find a provider that can accept you as a customer.
A few things to keep in mind: even after surviving cancer your life insurance rates may still stay expensive, as the risk of re-occurrence is still high. It may take several years for your rates to drop to the average. Living a healthy lifestyle during this time can certainly help you get those affordable life insurance rates sooner.
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