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.

Guaranteed life insurance is exactly what it sounds like- life insurance that guarantees your acceptance. There are no medical exams, no medical tests, and just a few health questions to answer. These policies are designed for people who have been turned down with other companies because of serious pre-existing health conditions.

Why is guaranteed life insurance different?

What makes guaranteed issue life insurance different from other types of life insurance is that the death benefit is graded. This means that if you die within the first two years there is a limited payout to your beneficiaries. For example, if you die in year 1, the policy may only pay out 25% of the death benefit. In year 2 it moves up to 50% and by year 3, your beneficiaries can receive the full death benefit.

Here are some features of guaranteed life insurance:

• No medical exam or tests
• Ages 50 to 85
• $3,000 to $25,000 worth of coverage
• Permanent life insurance
• Builds cash value
• Two year limited benefit period

If you need life insurance and you’ve been turned down before, or if you know you have some health conditions that make it difficult to obtain life insurance, then a guaranteed life insurance quote is right for you. Compare rates for guaranteed life insurance and start saving today.