Purchasing life insurance after breast cancer can prove to be a challenging obstacle, and many carriers will decline you for coverage in the first so many years.
Knowing what options exist, and which carriers will give you the best chance at a life insurance after breast cancer approval are key in getting your best policy.
The most comprehensive aspect of obtaining life insurance after breast cancer is the underwriting of a policy. Underwriting refers to what occurs once you submit a life insurance application. Underwriting is what determines whether the life insurance company will issue you coverage, and at what rating.
One of the largest aspects of underwriting is current health, and health history. If you have a history with something as serious as breast cancer, it does become more difficult to find affordable coverage, but it’s not impossible.
The first thing to consider when applying for a traditionally underwritten policy, is you must be cancer free. If you do have cancer, and are looking for a policy then we have other options available.
The second aspect which really matters regarding life insurance after breast cancer is what stage the cancer advanced to, and how long you been cancer free. If your breast cancer did not advance past stage 2, then you still have a good chance at obtaining coverage through the use of a traditional life insurance policy.
Each carrier also has a postponement period after you are cancer free. Each carrier may have different waiting periods, which is why it is important to work with an independent agency who understands and has access to these time periods.
When working with clients who have a history of breast cancer we like to make sure we have all the information needed to make an informed decision on what rate you can expect for a policy.
Although rates are always tentative before the underwriting process, some of these questions can help us give you more accurate rates.
These questions may include:
This information you provide us with will allow us to contact life insurance company underwriters to gain a better understanding which offers may be available to you.
It is important to note not all life insurance carriers will offer coverage, so just going out and applying for a policy without doing your homework will not be your best plan of action. We take into account carriers underwriting guidelines and find a company which can meet your desired protection goals.
Providing life insurance for those who have beat breast cancer is a very tough process, and should be considered on a case by case basis since each case is very different.
Our goal is to help you evaluate your evaluate your life insurance protection needs, and pair you with your best option. It doesn’t cost anything to find out if you can get coverage, as we will be happy to help you. We work with over 60 carriers in order to help those who may have a more difficult time finding coverage.