How To Get Life Insurance For Cancer Survivors

 Cancer survivors can get life insurance, but it will not be easy. Agencies are skeptical when it comes to insuring former cancer patients. Their main concern is that the cancer can return which will shorten your lifespan and will jeopardize their profits. But there are examples of cancer survivors who managed to get a life insurance policy, which means that you can too!

prostate_cancerLife insurance with no medical examinations required

Life insurance with no medical exams is the simplest way former cancer patients can get life insurance. The underwriting process is greatly simplified. No medical examinations are needed. In order to qualify, applicants must complete a questionnaire. Cancer patients will not be insured, but if five years have passed since your last sings of cancer, you will be eligible for a plan!

These types of policies are accessible and very easy to by, but they have several disadvantages. They are expensive and guarantee small benefits. Simplified issue can cover you for $250,000, but final expense or guaranteed acceptance plans will not sell coverage higher than $50,000.

Traditional life insurance plans

Traditional life insurance plans require medical examinations during the underwriting process. They will analyze your case in greater detail. The same time limit applies: five years need to have passed since your last cancer signs. Also, there are many factors that will be taken into consideration. Here is a list with factors that will count for an agency when examining your application:

  • When did you have your last cancer symptoms?  
  • What type of cancer did you have? Some forms of cancer, like skin or prostate are more common and considered less risky from an insurance agent’s stand of view.
  • What medication did you take/What treatment you followed?
  • Your medical evolution from the day you have been diagnosed with cancer.

When applying for coverage, make sure you have all the information ready. Your aim is to reassure the agency that you are healthy and in no danger of having cancer. The only way you can do this is with facts.

If you need life insurance, we can help you find the best policy from top providers. Visit our website and compare quotes for free!