used to be the case that cancer survivors are out of luck when it came to buying life insurance. It was devastating, because life insurance is a vital component of any sound financial plan, especially for someone who is younger and still in their prime working years.
problem faced by life insurers to ensure that the actuarial assessment of the cancer survivors' risk was too inaccurate. It was too much variation from person to person and the medical knowledge of what cancer survivors are more likely to live longer was not advanced enough.
And now, new medical discoveries and more information on how to reduce a risk of recurrence of cancer have made it much more likely that the cancer survivor will live into old age. As a result, many life insurance companies now offer coverage of cancer survivors who have lived on for a number of years, typically five years after their cancer went into remission.
Some life insurance companies are becoming more liberal. For example, Hartford Life Insurance Company began offering policies at standard rates for women aged 40 years or older who have had breast cancer, without waiting. underwriting standards that cancer is that small, localized Stage 1 condition and the physicians certify a woman has a strong prognosis for survival. These women should also have completed treatment and first follow-up visit found no evidence of disease.
Hartford also offers standard rates for men who have survived prostate cancer who were aged 60 years or older, were surgically treated in its entirety, have a Gleason score of 6 or less, have a pre-treatment PSA of 10 or less And cancer have certified by physicians as limited to the prostate.
Of course, you must be willing to pay a higher premium than they otherwise would in most cases. Remember that life insurance is a price based on the risk of forcing companies to pay the death benefit in the near future. Cancer survivors are still perceived as having greater risk factor for death than the average person, because statistically they actually do. Your premium will vary depending on what kind of cancer you had (for example, melanoma is seen as less risky than colon cancer), how advanced it is received, how many treatments are needed, how long have you had cancer, how many years it was Since it went into remission, family history of cancer, whether or not to take any further cancer prevention drugs, and so on.
you can help yourself to find coverage at affordable prices that passes through the insurance broker to find life insurance companies who specialize in insurance cancer survivors. Not only will it be easier to find, it will make much easier for you to compare pricing and risk standards. Life insurance broker may be able to give you recommendations, too.
But there are things you can do to lower your premiums and make it easier to get underwritten. You can get regular check-ups to get confirmation that continued longer have any symptoms of the disease, which will show that you are responsible and pro-active. You can also adopt a lifestyle that medical professionals will confirm helps prevent cancer. You can quit smoking. You can get on a regular exercise program. You can change your diet to include more fresh fruits and vegetables and their juices, and less refined sugar, and omega-6 fats. You can become a moderate drinker, if you drink alcohol heavily. If you have had melanoma, you can stop trying to get a tan and use a sunblock when you go out.
life insurance medical examination and physician statements may prove to doing all these things, and you'll be considered less of a risk as a cancer survivor as a result.
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