Life insurance after cancer
If you have survived cancer and are now looking for life insurance, you may want to know that this is not an easy task. The life insurance company will take into account several factors that may influence the policy. These factors include: the nature, extent, timing and treatment of the cancer.
Most insurance companies are not willing to take the risk of giving the policy to someone who is still undergoing treatment. Insurers will ask your doctor for medical details that could affect your rates. It's highly recommended that you apply for life insurance after several years of being cancer-free so your history will not impact the policy.
Companies will most likely offer you insurance if your cancer is State 1 prostate cancer, breast cancer, testicular cancer or a cancer that was treated early. A history of colon cancer or leukemia may put you in the "uninsurable" category. Premiums vary greatly from one insurer to another.
It's best to start by making informal applications to several life insurance companies, compare replies and followup the most suitable one with a formal enquiry. A qualified agent can help you find one of those companies that have cancer-friendly policies. A financial adviser has knowledge of the whole market and will know exactly where to look for the best policy.