Plenty of men find the extra difficulty in buying life insurance after testicular cancer, as most companies will see it has a risk they are not willing to approve coverage for.
Fortunately, there are plenty of carriers who are still willing to approve men at excellent rates for life insurance following testicular cancer. Often times, the company you choose makes all the difference in approval, and price.
If you need coverage to protect your family, we can help.
Continue reading below to see what you’ll need to do in order to have the best opportunity at a competitive rate, what you can expect as far as approval ratings, and what all the insurance company is going to need from you to get started.
Over the past few decades, the rate at which men have been diagnosed with testicular cancer has grown, but in the past few years, this number has started to reverse. While tens of thousands of men are diagnosed every year, the good news is only a couple hundred die because of it. But even if a large majority of men survive, the few who do succumb to the disease create a risk life insurance companies have to account for.
For this reason, life insurance after testicular cancer can be a little harder to obtain, and may cost more, than the average person who applies for coverage. Exactly how much of a risk is testicular cancer for life insurance? According to the American Cancer Society:
The average age at the time of diagnosis of testicular cancer is about 33. This is largely a disease of young and middle-aged men, but about 6% of cases occur in children and teens, and about 7% occur in men over the age of 55.
Because testicular cancer usually can be treated successfully, a man’s lifetime risk of dying from this cancer is very low: about 1 in 5,000.
When you apply for life insurance after testicular cancer, the main concerns stem from the possibility of a return in cancer cells at any future point in time. The next most important is the stage of cancer you dealt with and how long it has been since the last treatment you underwent. These factors are the primary in determining not only if you can be approved, but at what rating.
It’s difficult to tell you exactly what you can expect for your individual case, but there are some questions you can ask yourself now to get a pretty good idea. Remember, these questions are all aimed at testicular cancer, so any other health conditions you may have will be additional things to consider for an accurate quote. Here are most of the questions you’d be asked when applying:
For those who dealt with low grade testicular cancer, like Stage I, you’ll have the best chance at approval for a fully underwritten life insurance policy. This is the type which requires a full medical and medical records access, but it yields the lowest possible premiums as well. Your rating is also highly dependent on how long it’s been since your last treatment. Anything over a year from date of last treatment is sufficient.
For those who dealt with a higher grade of cancer, you may need to wait longer. Two years to four years is recommended after high grade testicular cancer, but not all companies are the same. Advanced treatment regimens may also lead to higher ratings or flat extra fees on your policy, but you could still be approved for a traditional policy.
If neither of these are a possibility, you could still buy a graded life insurance policy to get life insurance coverage.
If you need more information or you’d like to inquire about a possible quote for yourself, contact us. We’ve been successful at helping many clients obtain life insurance after testicular cancer, and we’re confident we can help you as well.