Life Insurance Resources

I have cancer, can I purchase life insurance?

A cancer diagnosis does not automatically exclude you from getting the life insurance protection you want and need.  The rule of thumb for many insurance companies is that you must wait to purchase a life insurance policy until after you complete medical treatment for the disease.  Insurance underwriters are looking for a successful outcome, including that the cancer has been in remission for at least a year.

After treatment is completed, the time before an insurance company will consider you depends on the location, type, and severity of the cancer diagnosis.  Offers for life insurance are available after a year with some varieties of cancers; some are a longer postponement period, as long as 5 years.
After a postponement period, coverage is generally available for a period of time with an extra premium charge, eventually leveling out to a standard rate after a number of years have passed since the end of treatment.   In some cases - where the insurer feels recurrence is more probable – the company might deny coverage.

But insurance specialists stress that every situation is different and companies can vary greatly in the type of coverage and rates offered. Cancer survivors wishing to obtain coverage now or in the near future are advised to shop several companies to see how they view your situation. Contact a licensed LifeQuote™ agent to obtain several life insurance quotes for your special needs from the most competitive companies.  

The procedure is simple. No exam is required for an initial quote; medical records and information can be sent confidentially from your doctor to the life insurance companies, where LifeQuote™ can obtain quotes from various companies and help you shop around for the best. Surprisingly, the best offers often come from the biggest and best-known life insurance companies.  Since these cases require special handling, call LifeQuote™ directly at 1-800-521-7873.