Purchasing life insurance after cervical cancer is still possible, but does require some specialized planning throughout the life insurance application process. Following some important steps can increase your probability of obtaining coverage, and at the most affordable rate available.
Following a scare with a condition as serious as cancer, many people continue to make sure they have their financial ducks in a row. Often times, this leads people to realize they are underinsured with life insurance. When you have a past of no medical issues, it’s usually not an issue to increase your coverage, or purchase your first policy.
However, if you have a history of cancer you are now considered to be “high risk” for life insurance carriers which means it may be harder to get coverage, or you may pay more.
Unfortunately, many people who have a history of cervical cancer think they can no longer obtain life insurance or feel their only option is guaranteed issue life insurance.
The first option people consider for life insurance after cervical cancer is guaranteed issue life insurance. This should NOT be your first choice, but should only be your last option after we examine traditional life insurance.
Traditional life insurance, which is considerably cheaper than guaranteed issue life insurance, is typically available for those with a history of cervical cancer.
The best case scenario is someone who had their cervical cancer caught in the early stage, and it was treated successfully and their has been no signs of a reoccurring legion. Without any other health issues, this individual could qualify for “standard” life insurance rates.
If the cervical cancer has been identified, and it has been identified and confined from spreading to other areas, you may qualify for a mid “substandard” rating.
If cervical cancer was detected in stage 1 and determined to be malignant , you could qualify for substandard rates in the first three years as long as it has been deemed the cancer has not progressed.
If cervical cancer has progressed to stage 2, 3, or 4 you may be most likely be faced with a decline for traditional life insurance. In this case we can help pair you with a graded policy or guaranteed issue policy if the situation is appropriate.
The first step we use to help you find affordable questions is to ask you questions so we have a complete understanding of your medical past. It is important to be honest with your responses so we can take your information to company underwriters. Some of the common questions we may ask include:
Your answers to these questions will help us presenting you coverage options before we even apply for coverage. The more detailed information you can provide us the better.
If you are curious about obtaining life insurance after cervical cancer we are here to help answer any questions you may have. We can help you find the best coverage available, at the best rates.