Life insurance for cancer patients and survivors is available here!
Cancer Life Insurance
As specialists in high-risk life insurance underwriting, we know how to get you the best life insurance after cancer treatment.
- Bladder Cancer
- Breast Cancer
- Cervical Cancer
- Colon Cancer
- Kidney Cancer
- Prostate Cancer
- Skin Cancer
- Thyroid Cancer
With life insurance underwriting, the type of cancer, staging, grading, treatment history and recurrence if any determines the availability and price for life insurance.
Life Insurance for Cancer Survivors
Now that you’ve beaten cancer you may be wondering how to get life insurance after cancer.
There is typically a postpone period following cancer treatment, followed by a period of time where life insurers will charge you an additional expense called a flat extra.
The waiting period depends on many factors, including:
- What type of cancer did you have?
- When were you diagnosed with cancer?
- What was the cancer stage?
- What was the cancer grade?
- How was cancer treated?
- When did you complete all treatment?
- Has there been any recurrence?
- Do you have any other pre-existing conditions?
- Is there any family history of the type of cancer you had?
Cancer postpone periods vary widely from a few months to years…but more on this later.
Buying life insurance after cancer is possible and we’ll help you get it.
Life Insurance for Cancer Patients
You may be wondering, can you get life insurance if you have cancer?
Finding life insurance with cancer may limit your options to guaranteed issue life insurance or accidental death benefit policies.
In most cases, underwriters will not offer life insurance to you until you have completed all cancer treatments. You may also have a postpone period after completing all treatment before life insurance is available.
Average Postpone Period by Cancer Stage
|Stage 1||Surgery Only||3-12 months|
|Stage 1||Surgery & Radiation/Chemo||12 months|
|Stage 2||All Treatments||12 months (note #1)|
|Stage 3||All Treatments||5 Years (note #2)|
|Stage 4||All Treatments||Guaranteed Issue (note #3)|
Note #1 – Some stage 2 cancers may be insurable within 6 months. Examples include prostate cancer, melanoma, colon cancers, and thyroid cancers.
Note #2 – Some stage 3 cancers may require longer postpone periods. Examples include breast cancer, lymphomas, bladder cancer, etc.
Note #3 – Most stage 4 cancers are not insurable, other than with a guaranteed issue type of policy.
In addition to the above, life insurance is available for basal and squamous cell skin cancers
If you were declined for life insurance due to cancer, read this – Denied Life Insurance
How long do I need to be in remission for life insurance?
The two types of remission are complete remission and partial remission.
In a complete remission, you are cancer-free and all signs of cancer are gone. All blood and urine test levels are within normal ranges.
Life insurance is available if you are in complete remission. Once you reach remission status, life insurers postpone offering coverage for 1-5 years depending on the details of your cancer history.
With partial remission, the cancer is still there but the tumor may have gotten smaller, or you have less cancer in your body if it is cancer such as leukemia.
With partial remission, options are typically limited to guaranteed issue whole life insurance types of policies with face amounts of $25,000 or less.
If you need help determining how much life insurance to buy, this guide will help.
Another section of our site that will be helpful to you is our life insurance FAQs section.
Can you get life insurance if cancer has returned?
A recurrence is the most complicated medical history to work with, as many factors are considered, including:
- Type – What type of cancer did you originally have?
- Is recurrent cancer the same type as your original cancer?
- Pathology – What does the pathology report say?
- What type of treatment did you receive?
- How much time passed since the completion of original treatment?
- Has cancer spread to lymph nodes or other organs?
- When did you complete cancer treatment?
Most life insurers postpone consideration for 5-10 years after completion of treatment the second time around.
Family history of cancer – How does it affect my life insurance?
If your parents or siblings have a history of cancer, family history underwriting rules may negatively impact you, even if you would qualify for preferred best life insurance rates.
The good news is that there are life insurers that do not penalize you for your parents or siblings’ cancer history.
Examples of how a family history of cancer varies by company, include:
- Some companies only factor in family members who died.
- Other carriers penalize you even if the parent or sibling survived.
- If you’re age 60 or older, many carriers will completely disregard family history.
- The age of your family member when they died is a factor with some companies.
- If the parent’s cancer was gender-specific (prostate, cervical cancer) it will not be held against you (with the right companies) if you are the opposite gender.
- Some companies penalize you if both parents died from cancer.
- There are companies that disregard all family history of cancer unless there is a hereditary cancer history within the family.
What life insurance company is best after cancer?
The best life insurer will depend on the type of malignancy you had, the severity and the treatment you received.
Some life insurance carriers are aggressive with certain types of cancers such as bladder cancer or thyroid cancer, while other companies are better with prostate cancer for example.
Do most life insurance policies cover cancer?
Yes, life insurance policies cover cancer if you die.
The main scenarios encountered are cancer survivors who had cancer, and those that are diagnosed with cancer after buying a life insurance policy.
As part of our conversation, we’ll review the type of life insurance policy to consider, life insurance ratings and death benefits to help you find the right policy, whether it is term life insurance, universal life insurance, whole life insurance or a guaranteed issue policy.
Malignancy history and life insurance
Malignancy histories disclosed during underwriting are factored into your policy already and will be covered by your policy.
Diagnosed with cancer after purchasing life insurance?
If you’re diagnosed with cancer after you have purchased a life insurance policy, you’re insured. The insurance company will pay the death claim.
The life insurance company can’t terminate your policy or reduce the death benefit.
If you die within the first few years (contestability period) of the policy, insurers review death claims to ensure that all medical information was disclosed during underwriting.
Therefore, if you lied about your health during underwriting, your loved ones will have a problem collecting the death benefit.
Whether you’re a survivor, currently have cancer or were approved for coverage but now have questions about the price, we’ll help you.
Regardless of your medical history, we have the expertise to help you find coverage and will help you apply for life insurance with companies that will offer you coverage.
If you are a cancer survivor with HIV, start with our guide HIV Life Insurance by RiskQuoter.
We match you to the best life insurance companies and policies based on your individual cancer history.
We use a quick quote process with our clients to ensure we reach all of the competitive companies.
A quick quote is a summary of your medical history. Once we get the information we need from you, we’ll request quick quotes from the companies we work with.
The benefit to you is that we are able to get feedback from many companies in 3-4 days, and do this on an anonymous basis…we share your medical information but nothing that would identify you personally.
As always, there is no pressure and no obligation with our service.
Please take a few minutes to submit your quote request today. Thank you.