Cancer Life Insurance Policy
Reader’s Question:
Is it true that I would never be able to get a life insurance provider here in West Virginia because I was recently diagnosed with cancer?
Gale
Charleston, WV
Not necessarily, who ever told you that you can’t get life insurance coverage because you have been diagnosed with cancer is obviously out of the loop. Admittedly, it is somewhat of a challenge for cancer patients to get life insurance, given the right conditions or with the help of a skilled and experienced life insurance broker there in West Virginia backing you up you will, sooner or later, find someone who will be willing to provide you life insurance coverage.
There are exception of course, the probability of getting approved life insurance coverage would depend on how far the cancer has progressed, what kind of cancer it is (certain types of cancer can be easily treated with minor surgery if caught very early, and would pose very little risk to the patient), and the percentage of recovery from the said disease. It would be virtually impossible for you to be granted life insurance coverage if you are already undergoing cancer treatment so it’s best to be decisive about getting a life insurance policy as quickly as possible.
What you do need to know is that premiums for cancer life insurance coverage are more expensive. Even after successfully undergoing the treatment and managing to kill the cancer cells, you are still considered a “high-risk” customer. There will probably be a bit of a surcharge added on your policy for a year or so, this is just to make sure that the disease would not be coming back, after witch you can expect to pay normal rates again.
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.
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.
Buy Breast Cancer Life Insurance
Reader’s Question:
I am breast cancer survivor. My prognosis showed I am in perfect health condition. But to be safe, I want to secure a life insurance as protection for my family. Is there a breast cancer life insurance for survivors like me?
Helen
Seattle WA
It is known that life insurance companies are cautious about accepting individuals with a history of cancer. But good news for you, Helen. With the latest advancement in medical technology for treating cancer, those diagnosed with cancer have very high chance of survival. Breast cancer survivors, in particular, have the same mortality experience as the majority of the population.
With this development, some insurance company offers breast cancer life insurance at standard rates as long as you meet their criteria. If you are a 40 year-old and above woman who have small, well-differentiated, stage 1 breast cancer, and has a positive prognosis for survival based on medical exam results, you can be qualified for a standard rate. Unlike in the past, there’s even no need for you to go through the waiting period of two to five years before you can be considered for life insurance.
If you fail to meet some of the criterias mentioned, do not worry because you will not be right away denied of breast cancer life insurance. The insurance companies might just add extra premium charges depending on your cancer prognosis and your overall health status. Please note that though you have a clean bill from your cancer, you still have to avoid other risk factors that might add to your insurance quote. But if you know how to present your case to insurance companies, you can get considerations and be granted with a good rate life insurance policy.
To help you better in acquiring the best life insurance policy, you should get help from a good insurance breaker Simply check with an insurance broker specializing in cancer cases to help you find the best policy. As I said, insurance companies are now more accepting of breast cancer life insurance application.
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