Life insurance for prostate cancer survivors is available, and we’ll help you.
This Prostate Cancer Life Insurance Guide Covers:
- Life Insurance after Prostate Cancer Surgery
- Life Insurance after Prostate Cancer Radiation
- Life Insurance with Prostate Cancer
- Top 5 life insurance tips for prostate cancer survivors
- Previously denied insurance due to prostate cancer?
We shop the best life insurance companies based on your individual prostate cancer history.
Prostate Cancer Overview
Life insurance for prostate cancer survivors is available whether you’ve had a radical prostatectomy, radiation or are currently in active surveillance.
We specialize in cancer life insurance at RiskQuoter and know how to get you approved.
If you had prostate cancer, you’re not alone.
According to the Prostate Cancer Foundation, 1 in 9 men will be diagnosed with prostate cancer at some point in their lifetime.
Life insurance underwriters look for the following:
- Your age at the time of diagnosis.
- PSA levels before and after treatment.
- What was your prostate cancer stage from the pathology report or biopsy report?
- Your Gleason Score – We need the highest recorded Gleason Score.
- How was your prostate cancer treated?
- Is there a family history of prostate cancer?
The best life insurance companies (in no particular order) for prostate cancer have been:
We’ve found over the past 20 years that each of these companies excels with certain types of cases.
Life Insurance after Prostate Cancer Surgery
Life insurance after prostate cancer surgery is available in as little as 3 months for some localized (Stage 1-2b) prostate cancers.
Once the radical prostatectomy is complete, the most competitive life insurance rates go to those who had:
- Pre-treatment PSA levels of 10 or less
- Gleason score of 6 or less
- Final cancer staging of T2b or less
- Negative surgical margins
- Post-treatment PSA level less than 1.0
- Age 60 or older at time of diagnosis
- No family history of prostate cancer
If you meet all of the above factors, a “non-smoker plus” rate may be available to you, and in some limited cases, it may be possible to obtain a “preferred” rate.
Unfavorable prostate cancer factors include:
- Pre-treatment PSA between 11-20
- Gleason score of 7
- Age 50 – 55 at time of diagnosis
- Hormone therapy before surgery
- Positive surgical margins
You may have to wait a little while longer, and the price may cost you more than the ideal circumstances, but it is still possible to obtain affordable life insurance with the right carriers.
Very unfavorable prostate cancer factors include:
- PSA of 1.0 or higher after surgery
- Under Age 50 at diagnosis
- Gleason score of 8 or higher.
- Stage T2c or greater
- Hormone therapy after surgery
- Any recurrence
If you have any of these in your prostate cancer history, underwriting requires lengthy postpone periods before coverage is available. Guaranteed issue policies may be the best option initially.
With any prostate cancer history, we shop the market for underwriting feedback.
Once we receive the feedback, we’ll tell you what to expect and will let you know if and when better life insurance options will be available to you.
Life Insurance after Prostate Cancer Radiation
Radiation requires longer postpone periods after treatment than a radical.
The reason why is that underwriters need to see proof that radiation treatment has worked for you and that other side effects if any have no negative impact on underwriting.
Most radiation treatments including brachytherapy or external beam radiation such as IMRT, 3D-CRT, SBRT, proton beam, require a 12 month postpone periods or longer.
Your PSA level needs to decrease over time, and PSA levels should be stable for about 12 months.
It’s crucial for you to have all PSA level readings from the time treatment started until now.
If your PSA level has increased by 0.2 ng/ml or greater since its lowest reading, most underwriters will consider this as a recurrence.
Life insurance is difficult to obtain after a recurrence unless years have passed since the recurrence.
Life Insurance with Prostate Cancer – Active Surveillance
Can you get life insurance with prostate cancer? Life insurance with prostate cancer is possible but it’s not easy, and you have to meet the guidelines for active surveillance, but that’s where we’ll help you.
Just a few years ago, getting life insurance with active localized prostate cancer was nearly impossible.
Fortunately, that changed when some life insurers re-evaluated their prostate cancer guidelines to reflect the growing number of men who opt for active surveillance.
ZeroCancer has an article about gene testing that’s worth a look.
Consistent follow-ups and stable PSA levels will be vital to improve your chances for life insurance approval.
Can you get life insurance if you have prostate cancer?
The short answer is “yes” if you meet the active surveillance criteria for prostate cancer. Keep in mind though that it is difficult if you are currently under age 60.
Prostate Cancer Life Insurance for Active Surveillance:
- Under Age 50 – Guaranteed Issue and Accidental Death coverage.
- Age 50 – 65 – Stable PSA of 10 or less needed for 2-3 years.
- Age 65 or Older – Stage 1-2b prostate cancers, with stable PSA.
The availability of life insurance companies is limited. It’s always best to submit your request, and we’ll shop the market based on your exact prostate cancer history.
Top 5 life insurance tips for prostate cancer survivors
When it comes to prostate cancer, our underwriting expertise will help you find the coverage you need from top quality life insurance companies.
Tip #1 – Know your prostate cancer stage
Cancer stage from biopsy reports (radiation and surveillance) and post-surgical pathology reports (prostatectomy).
The difference between the two is that a biopsy is a sampling of prostatic tissue while surgical pathology evaluates the entire prostate.
Tip #2 – Know your Gleason score
Gleason score determines how aggressive the cancer was.
Biopsy and pathology reports may have multiple Gleason scores on the report. The highest rating gets used for life insurance underwriting purposes.
Scores of 6 or less are the most ideal.
If your Gleason score is 7, it will either be a 3+4 or a 4+3…and it will make a difference in underwriting.
Gleason scores of 8 or higher are challenging in underwriting.
Tip #3 – Prostate cancer treatment chosen affects life insurance
The type of therapy determines how soon life insurance will be available.
Generally speaking, life insurance is available sooner after a radical prostatectomy than it is for someone receiving radiation treatment.
If you are currently in active surveillance or watch & wait, it is essential to obtain all PSA readings since diagnosis.
Tip #4 – PSA Recurrence Derails Underwriting
Underwriters expect to see negligible PSA levels (less than 0.1) after a prostatectomy.
If your PSA rises by 0.2 after surgery, it’s considered a recurrence of prostate cancer.
Radiation is more complicated.
With radiation, PSA levels decrease, followed by an increase (PSA bounce), before PSA drops to the lowest level (nadir) and remains at that level.
Life insurers expect this lowest level to be 1.0 or less.
If your PSA rises to 1.2 or above, it’s considered to be a recurrence.
Tip #5 – Prostate cancer underwriting varies by insurer
Prostate cancer underwriting varies dramatically by company.
Some carriers are more aggressive with certain types of treatment.
While we know the life insurance carriers and their prostate cancer guidelines, we shop out to all of them to ensure we find you the best deal every time.
In some cases, it makes sense to re-shop each year as better rates may be available as more time passes since treatment.
Previously denied insurance due to prostate cancer?
Life insurance may be available, even if you were denied life insurance in the past.
While most insurance companies want nothing to do with you if you’ve had prostate cancer, some companies specialize in prostate cancer underwriting.
And just because you denied by one company doesn’t mean that others will decline coverage to you.
A 5-10 minute conversation is all it takes to find out if you are currently insurable.
With our process, we gather the prostate cancer details from you and shop out to all of the prostate cancer companies for preliminary feedback.
We tell you what each life insurer has to say and what to expect regarding price.
There’s no pressure or obligation with our service to you.
What if you received an offer elsewhere but are not sure about the pricing?
We’ll tell you if it’s a good offer or not.
Prostate Cancer Life Insurance Success Stories
We’ve helped many prostate cancer survivors find life insurance.
We’ve also helped many men with pre-cancerous conditions such as a high-grade PIN.
Life Insurance after Radical Prostatectomy with Gleason 6
While every prostate cancer history is unique, a prostatectomy with a Gleason score of 6 is one of the most common we encounter.
Our client needed life insurance as a requirement for a business loan to expand his business.
He was referred to us after being declined by the insurer that handles his home and auto insurance.
Some details about this prostate cancer insurance case:
- Age 55 at time of diagnosis
- Stage T1b Prostate Cancer
- PSA was 6
- Gleason was a 6
- Treatment was a radical prostatectomy two years ago, no further treatment required.
- No recurrence
We found a few companies willing to consider a standard rate class, but the best offer, in this case, was Prudential as they were willing to offer a Non-Smoker Plus rate class.
The client was happy to accept this offer.
This scenario is one of the easiest to insure due to the age at diagnosis, low cancer stage and Gleason 6.
Life Insurance after Radical Prostatectomy with Gleason 7
For this client, the medical history was very similar to the prior case; the main difference was that this client’s Gleason score was a 7 (3+4).
Our client needed $500,000 for a buy-sell agreement for their partnership and had just been declined through another agent.
Prostate Cancer Case Study Details:
- Age at time of Diagnosis – Age 54
- Stage T1c prostate cancer
- PSA was 6
- Gleason score was 7
- Treatment was a radical prostatectomy three years ago.
- No recurrence
The difficulty with a history like this is that fewer companies are willing to offer insurance when the Gleason is a 7, and it’s been less than five years since treatment.
Some of the companies that responded wanted to add a flat extra expense to the price.
The range of flat extras would add $3,000 – $7500 per year with some companies.
We ended up receiving another great offer at a “standard plus” rate with no flat extra expense.
We shop every case to all companies that specialize in prostate cancer as sometimes you receive great unexpected offers.
Our client gladly accepted this offer.
Life insurance for active surveillance or watch and wait
Prostate cancer history
Our client was 69 years old looking for $500,000 of life insurance to protect his family.
Prostate Cancer Case Study Details:
- Age at time of Diagnosis – Age 69
- Stage T1a prostate cancer
- Historical PSA was 5.0 range
- PSA at time of diagnosis was 3.1, 6 months later had risen to 3.6
- Gleason Score – 6
- Treatment is active surveillance, watch and wait
- Has There Been Any Recurrence? N/A
The difficulty with this client’s medical history is that within 6 months of being diagnosed with cancer, his PSA had risen by 0.5.
During our initial conversation, we discussed his medical history, and that an “active surveillance” scenario at his age did not represent a higher risk based on his stage and Gleason score.
The problem was going to be his rising PSA level.
In our initial outreach to carriers, none would consider life insurance due to the PSA increasing.
My client’s doctor is part of the Mayo Clinic and helped save this case.
It was documented in my client’s file that if his PSA reached 4.0, they would treat the prostate cancer.
We were able to get the doctor to write a letter to this effect as well and went back out to the market.
We had two companies change their minds, and both said they were willing to consider standard rates plus an additional table rating due to an unrelated health issue.
Protective Life returned with the best offer after underwriting, and we placed the case.
Increasing PSA levels are always difficult and many cases may get postponed by insurers.
Life Insurance for Prostate Cancer Treated by Brachytherapy
Our 71-year-old client looking for $250,000 of life insurance in order to cover outstanding balance on the mortgage.
Prostate Cancer Brachytherapy Details:
- Age at time of Diagnosis – Age 68
- Stage 1 prostate cancer
- Pre-Treatment PSA Level – 6.5
- Gleason Score – 6
- Treatment option was Brachytherapy (Radiation Seed Implant)
- Post-Treatment PSA Level – Range has consistently been 0.8 – 1.0 since completion of treatment.
- Has There Been Any Recurrence? No
Prostate Cancer Life Insurance Case Study Underwriting Outcome:
For brachytherapy cases, the most difficult aspect of the case is the post-treatment PSA level.
With radiation, most life insurers postpone life insurance for a period to wait and see if treatment has worked.
For our client, his PSA level was pretty consistent in the 0.8 – 1.0 range.
We had five companies respond with offers of “standard.”
We ran the quotes for all companies, discussed the differences and helped our client secure life insurance.
While radiation cases may require a longer postpone period or an additional rating in the early years of a policy, over time the rates are the same as for those who had a radical.
Prostate Cancer Life Insurance Conclusion
We’ll help you find the most affordable life insurance available based on your prostate cancer history.
We show you how life insurance underwriting works so that you may make an informed decision for yourself.
Whether you need term life insurance, universal life insurance or whole life insurance, we can help.
We even offer you guides like this – How Much Life Insurance Do You Need?
If you’re insurable, we’ll get you the best life insurance rates available based on your history of prostate cancer.
Some of the other cancers that we specialize in include:
Please take a few minutes to request your life insurance quote today.
How Do We Know What We Know About Prostate Cancer Life Insurance?
My name is Mike Horbal – Here’s my bio
I specialize in high-risk life insurance and spend a lot of time working with various companies and underwriters to know every prostate cancer life insurance niche available.
I’ve helped hundreds of clients and many insurance agents with their life insurance when complicated health issues are involved. Thank you.
Call me at Toll-Free 800-909-2040