If you’re in remission from cancer, or if you were recently diagnosed, you can still get life insurance. Depending on which category you fall in will determine what type of life insurance and how much. If you have been recently diagnosed, then the only option you really have is a guaranteed issue or graded policy. You can qualify for this type of policy as long as your cancer has not been diagnosed as terminal.
If you are in remission from cancer, then your options for getting life insurance are much greater. Many companies require you to be 3 years out from your last cancer treatment, but there are some companies that offer simplified issue whole life as long as you haven’t had a treatment in the last 12 months.
One of the main things that a life insurance underwriter will want to know is what stage and what grade of cancer you had. You might know this off of the top of your head, but if not, the underwriters will definitely request it. It’s best if you can present as information possible about your cancer to your agent- diagnosis, treatment, recovery, timelines, etc. If you are working with an experienced agent, they will know which companies to shop your quotes to.
The bottom line is that you need to be educated about your own cancer history and bring that to the table when you are shopping for life insurance. Ask your life insurance agent up front if they’ve worked with clients who have had cancer before, so you can make sure that they have some experience in this area. Get a free quote today to compare policies for your unique situation.
