Melanoma can be a tough fight. Finding life insurance after melanoma isn’t an easy one either.
Fortunately, we can help.
Skin cancer has many types, names and different forms, and getting life insurance after melanoma is a detailed oriented process to make sure you get approved based on your specific case.
Follow along as we break down melanoma and the best practices for applying for a life insurance policy. Our goal is to give you the resources you need up front so you can have a confident and seamless buying process from beginning to end.
Nearly 50,000 deaths occur worldwide on an annual basis which are related to melanoma.
Obviously, any health condition with numbers like these are a concern to any life insurance company, so it’s critical to you, the applicant, to make sure you can prove to them you are the least risky you can be. The less of a risk you pose to the insurance company, the lower the rates available to you.
What types of things are life insurance companies looking for?
This information gives the underwriters a fair place to begin the discovery process of assigning you a rating according to your riskiness to the carrier.
Believe it or not, you could get as high as Standard ratings! If you were successfully treated and the melanoma did not pass the top layer of skin, you could receive Standard based on the low possibility of it affecting you in the long run. You would have to have clear documentation, as well as be healthy in most all other areas.
However, if you received a Clark level of V, it’s the opposite. You’ll be looking at a decline because the melanoma has gone as far as the subcutaneous level. You can still buy life insurance, but you’ll be restricted to a policy you are automatically accepted for.
In between these two ratings there are lots of specific pieces of information which can put you in the range of a table rated policy or flat extra fee, or even a postponement.
A flat extra fee is one in which the carrier charges an extra dollar amount per thousand for a set number of years.
Two of the biggest factors which determines where you’ll fall is the Clark level and Breslow scale. The Clark level determines to what tissue depth the melanoma has breached, while the Breslow scale helps to identify how thick the melanoma has become. These two put together can give a basic idea of how mature the melanoma was before treatment.
The date of diagnosis is another which can really sway a carrier from one rating to the next, or one flat extra fee amount. The further back the last treatment, the better, as well as the date of first diagnosis. If there have been years in between, it may be a non-issue. If it’s current, a carrier will be much more hesitant.
Treatment dates and treatment types won’t make a massive difference unless they were quite severe and invasive. Obviously, more treatment corresponds to higher degrees of melanoma.
Life insurance after melanoma is dependent on all of these factors together, as well as your overall health condition. If you are currently dealing with any other health issue, whether it’s a mild blood pressure rise or Type I diabetes, your rating can swing back and forth with great variance.
We are instrumental in helping someone find life insurance after melanoma because we take the information you provide us and match you with one of over 50 carriers. Each carrier is different in their underwriting and issuing of life insurance policies, and we work them on a daily basis with excellent results.
The more information you can provide us up front, the better. Everything helps, from dates to medications, to treatment information and doctor’s info. With this, we can build an accurate quote custom tailored to your situation.
Let us help you get approved today, and find you the peace of mind you’ve been seeking.