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.

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”.

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.

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

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.