How does cancer affect your insurability, and how do you get the best life insurance rates based on your malignancy history?
This Cancer Guide Covers:
As you’ll read in this guide, we help people with all types of cancer, whether it’s a carcinoma, leukemia, lymphoma, sarcoma, and many other malignant kinds of tumors.
Life Insurance by Type of Cancer
The type of cancer, staging, grading, treatment history and recurrence if any determines the life insurance underwriting outcome.
80,000+ new bladder cancer cases diagnosed each year in the U.S, with over 90% being a transitional cell carcinoma.
The malignancy stage and treatment received affect the availability of life insurance.
Read More: Bladder Cancer Life Insurance
In America, 350,000 women develop cancer each year, ranging from in-situ to invasive adenocarcinomas.
We break it down by types and stages to help you find the best life insurance options for your specific medical history.
Read More: Breast Cancer Life Insurance
15,000 women are diagnosed with cervical cancer in America each year, with most being the squamous cell carcinoma type.
Many cervical cancers require postpone periods ranging from 1-5 years after treatment.
You’ll find detailed information in our article about cervical cancer.
Read More: Cervical Cancer Life Insurance
140,000+ new cases of colorectal cancer are diagnosed each year in the United States. While there are many types of colorectal cancer, the majority are the adenocarcinoma type of malignancy.
Read More: Colon Cancer Life Insurance
Kidney cancers affect 65,000+ Americans every year.
Life insurance is available for many kidney cancer survivors and our guide provides detailed information based on tumor stages, treatment and time since treatment.
Read More: Kidney Cancer Life Insurance
165,000 new prostate cancer cases are diagnosed each year according to the American Cancer Society.
It’s estimated that 1 out of every 9 men will be diagnosed with prostate cancer at some point in their lifetime.
Advances in detection and treatment have led to many improvements in life insurance underwriting over the past few years.
Read More: Prostate Cancer Life Insurance
More than 5 million cases were treated in America last year.
Basal cell skin cancer, squamous cell skin cancer, melanoma or related conditions such as actinic keratosis or dysplastic nevi may negatively impact life insurance underwriting.
Read More: Skin Cancer Life Insurance
If you’ve had thyroid cancer, we have several companies available that specialize in thyroid underwriting.
Read More: Thyroid Cancer Life Insurance
Life Insurance After Treatment
With most cancers, you will have to wait for a period of time after completing treatment before coverage is available.
The waiting period, aka postpone period depends on the following:
- What type of cancer did you have?
- When were you diagnosed with cancer?
- What stage was the cancer?
- 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?
Some cancer postpone periods are just a few months, while other cancers require significant postpone periods of 5 years or longer.
Typical Cancer Postpone Periods
|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 #3 – Most stage 4 cancers are not insurable, other then with a guaranteed issue type of policy.
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, life insurance options are typically limited to guaranteed issue types of policies.
Cancer Patient Life Insurance Options
If you currently have cancer, the type of life insurance and the amount available will be limited for some time.
For most cancer patients, you will probably have to wait until treatment is complete before life insurers will consider coverage.
But there are some exceptions to the rule.
Examples include some low stage prostate cancers, some colon cancers in older age insureds and basal cell skin cancer.
Start with this guide if you’ve been denied life insurance.
Our article on types of life insurance provides details as to how policies such as guaranteed issue policies work.
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 completion of original treatment?
- Has cancer spread to lymph nodes or other organs?
- What type of treatment did you receive for cancer?
- When did you complete cancer treatment?
Most life insurers postpone consideration for 5-10 years after completion of treatment the second time around.
Once this period is over, life insurance is considered on a case by case basis and will most likely involve a table rating and a flat extra expense.
How does family history of cancer affect my life insurance?
The good news is that there are life insurers that do not penalize you for your parents or siblings’ medical 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 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.
In addition to helping people with cancer histories, we specialize in other health conditions such as endocrine disorders, gastrointestinal problems, heart disease, mental health, respiratory diseases and more.
We specialize in high-risk life insurance underwriting, matching 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.